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- Edition: 1413
Headlines
Contents BA wants to axe 400 cabin crew
British Airways is looking to shed 400 senior cabin crew jobs, but stressed there would be no compulsory redundancies, reported The Independent.
EU warning over not implementing airspace rules
The European Union's executive body has threatened to take countries to court for failing to implement new rules redrawing the bloc's airspace, saying the delays are costly for both the industry and the environment, reported Dow Jones Newswires.
New contract ends strike at
La/Long Beach ports
After an eight-day strike that crippled the ports of Los Angeles and Long Beach, clerical workers from a local office of the International Longshore and Warehouse Union have agreed to a new contract with the terminal operators at the ports.
US East Coast ports prepare to battle for Asian cargo
A high-powered team from Port Miami will meet more than 70 mainland manufacturers, investors and government bodies in Beijing today in a bid by eastern American and Gulf coast ports to attract Asian maritime interests, reported the South china Morning
FedEx offers two years pay to staff to quit
FedEx will be offering some employees up to two years' pay to leave the company starting next year, reported Associated Press Newswires.
DHL Global Forwarding vows to boost investment in Vietnam
DHL Global Forwarding will increase its investment in Vietnam, where the multinational shipping and delivery firm has experienced double-digit growth, CEO Roger Crook said during his recent visit to Vietnam, reported Vietnam News Briefs Service.
US transport firms cash in on Mexico trade boom
US rail and trucking companies are making big investments on both sides of the border with Mexico to capitalise on booming trade between the two countries, reported Reuters.
CP Rail to slash 4,500 jobs
Canadian Pacific Railway, the country's second biggest rail carrier, said it would cut 4,500 jobs by 2016 as part of a drive by its new CEO to slash costs and improve its operating efficiency, now the industry's worst, reported Reuters.
Court orders Kenya Airways to reinstate workers
A Kenyan court has ordered Kenya Airways to reinstate hundreds of sacked workers, a move analysts said would squeeze the flagship airline's profit margin, reported Reuters. Kenya Airways, which is 26.
| | Maldives to take control of airport despite court order
Maldives will wrest control of its international airport from India's GMR Infrastructure, cancelling its biggest foreign investment project, despite an order from a Singapore court suspending the project's termination, reported Reuters.
Qatar Airways backs Airbus mini-jumbo
Qatar Airways has upgraded an order for Airbus A350 aircraft to larger variants, a move that includes new backing for a model designed to compete with Boeing Co's 777 mini-jumbo, reported Reuters.
Milan to auction SEA stake after IPO flop
The cash-strapped province of Milan will make another attempt to sell its stake in airport operator SEA after an initial public offering of the company was pulled last week due to lack of demand, reported Reuters.
Lufthansa to cut long-haul costs
German flagship airline Deutsche Lufthansa said it needs to cut costs at its profitable long-haul business to cope with rising fuel prices and stiff competition from Gulf carriers, reported Reuters.
Etihad may buy 24% stake in Jet Airways
The Jet Airways share gained 5.14 per cent on the bourses on reports of a 24 per cent stake sale to Etihad Airways. The deal, expected to be completed by the year-end, is likely to fetch Jet Airways US$292.
Ships stack up as US port strike enters 7th day
Ships with no place to unload cargo lined up at anchorages off Los Angeles and Long Beach for a seventh day yesterday as shippers and striking clerks resumed talks to end a labour dispute that has idled most of America's biggest container port complex.
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