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- Edition: 1417
Headlines
Contents GMR seeks $800m for cancellation of airport deal
An Indian-Malaysian consortium led by GMR Infrastructure is seeking compensation of more than US$800 million from the Maldives after the government last week cancelled a deal to run the island nation's main airport and took over operations.
Mitsubishi gets $4.2b order for 100 regional jets
Mitsubishi Aircraft has found a third customer for its planned next generation regional jet, getting a massive order for 100 aircraft from SkyWest valued at US$4.2 billion, reported Dow Jones Newswires.
Court rejects Ryanair appeal over Aer Lingus probe
Britain's Court of Appeal has rejected an attempt by Ryanair to block regulators investigating the budget carrier's minority shareholding in Irish rival Aer Lingus, reported Reuters.
IATA raises airline profitability outlook
Global airlines will be more profitable in 2012 than thought a few months ago thanks to a stronger-than-expected performance in the second and third quarters of this year, and despite high fuel prices and weak economies, the International Air Transport
AirAsia confirms order for 100 Airbus jets
Airbus has received an order for 100 single-aisle Airbus A320 aircraft from AirAsia, Asia's largest budget airline that is expanding its fleet to tap into the robust growth in air travel in the region, reported Dow Jones Newswires.
Cashed-up SIA plots expansion in Asia
Cash-rich Singapore Airlines will likely need acquisitions or more partnerships as it reshapes its strategy to tap into the fast growing Asian markets and to counter stiff competition from Middle Eastern carriers. SIA's cash pile stands at US$3.
AMR pilots still back US Airways merger
American Airlines' pilots union still supports a merger with US Airways Group, a union spokesman said, unmoved by a pitch from AMR chief executive Tom Horton that the company should exit Chapter 11 as an independent carrier, reported Reuters.
AAT November tonnage up 12%
Asia Airfreight Terminal (AAT) announced that its tonnage throughput in November 2012 was 69,150 tonnes, 12 percent up year-on-year. Export cargo registered 49,887 tonnes, up 13 percent against the same month last year.
Indian airlines accused of price-fixing
The industry body representing air cargo companies, including FedEx, Gati and Blue Dart, has alleged that the domestic airlines have formed a cartel to rig prices under the pretext of fuel surcharge, reported The Economic Times.
| | Kenya Airways merger plan not practical says Ethiopian Airline
A merger proposal made last month by the chief executive of Kenya Airways was considered but is not practical, a senior Ethiopian Airlines official said, reported Associated Press Newswires.
Cathay boss opens door to talks on pay dispute
A stand-off between Cathay Pacific and its flight attendants union softened when the management appeared to change its attitude on the possibility of further talks over next year's pay rise and other issues, reported the South China Morning Post.
UPS, FedEx escalate holiday shipping war
United Parcel Service and rival FedEx Corp have already made themselves as indispensable to Christmas as Santa Claus.
Freight Links Express Q2 profit slips
Net profit at logistics service provider Freight Links Express slipped 6.3 per cent to US$5.98 million for the second quarter ended October 31, due mainly to foreign exchange losses and income tax provisions, reported Business Times Singapore.
United Continental CEO to add chairman title
United Continental president and chief executive officer Jeff Smisek has been given an additional title of chairman, effective December 31.
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