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- Edition: 1418
Headlines
Contents Gaza violence takes its toll on Israel airline
El Al Israel Airlines said a slowdown in business during November's escalation of violence between Israel and militants in Gaza would lower its fourth-quarter net profit by between US$7 million and $9 million, reported Dow Jones Newswires.
BA moves in on more Heathrow slots
British Airways stands to strengthen its grip on Heathrow by gaining the right to buy a large chunk of take-off and landing slots at the airport, as part of proposals Ryanair is offering European regulators to seek approval for its takeover of Aer
United Continental pilots ratify new contract
Pilots at United Continental, the world's biggest airline, have ratified a contract with the US carrier that will provide enhanced pay and retirement plan contributions, reported Reuters.
Portugal gets four bids for airport operator
The Portuguese government has received four binding bids for its airport operator ANA (Aeroportos de Portugal), reported Dow Jones Newswires. The government didn't provide names or bid values in a press statement.
Air France seeks to cut 600 flight attendant jobs
The French unit of Air France-KLM SA connfirmed plans for a voluntary redundancy plan affecting 500 to 600 flight-attendant jobs.
Cathay November cargo traffic up 6.3%
Cathay Pacific Airways freight traffic rose for the third consecutive month in November, up 6.3 percent year-on-year, driven by significant shipments of hi-tech consumer products out of key manufacturing centres, reported Reuters.
New China Life denies deal to join AIG unit buyout
New China Life Insurance yesterday became the second company to distance itself from a US$4.23 billion deal billed as the largest Chinese acquisition of an American company, reported the South China Morning Post.
AA chief outlines stand-alone exit plan
In a closed meeting with pilot union leaders, the top executive at American Airlines defended his company's desire to exit bankruptcy before pursuing a merger, reported The Dallas Morning News.
Mundra Port bucks trend with 16.7% box increase
Adani Group's Mundra Port has registered more than 16 per cent growth in containerised traffic handling for April-November on a year-on-year basis, bucking the gloomy trend seen in all other key container handling ports such as Jawaharlal Nehru Port,
| | Hamburg port offers cost relief for large-sized ships
The Port of Hamburg will significantly reduce the port calling costs for large-sized ships.
Asciano boss bullish after bumper box volumes
Asciano chief executive John Mullen has told Australians not to be too pessimistic about the resources slowdown after the ports and rail group transported record volumes of goods in recent months, reported The Australian Financial Review.
Dachser acquires Iberian partner Azkar
Effective January 15, subject to the approval of the anti-trust authorities, logistics provider Dachser is to acquire the Spanish logistics provider Azkar. Dachser has held a 10 percent stake in its Iberian logistics partner since 2008.
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