Virgin Atlantic names American Airlines exec as CEO
Virgin Atlantic said American Airlines executive Craig Kreeger would become its next CEO as the British carrier looks to make a success of its transatlantic joint venture with US partner Delta Air Lines, reported Reuters.
Only two bidders left in Stansted Airport race
A consortium led by New Zealand investment manager Morrison & Co has pulled out of the running for London's Stansted Airport after failing to secure bank financing for its offer, leaving only two bidders in the race.
Indian ministry to award 25 projects by March-end
The shipping ministry will award 25 projects worth US$2 billion by the end of the current fiscal, a move that is expected to increase cargo-handling capacity at ports by 250 million tones, reported The Economic Times.
Globalport to take over Zamboanga Port
Manila harbour operator Globalport 900 expects to seal this quarter its acquisition of Zamboanga Port, bringing the company's portfolio to three ports and expanding its presence to Mindanao, reported BusinessWorld.
K+ N wins SA deal to manage parts centre
Kuehne + Nagel has been awarded a contract by AGCO to manage its aftermarket Parts Distribution Centre (PDC) in Johannesburg, South Africa.
UK Mail Group Q3 sales rise on Christmas volumes
Parcel delivery company UK Mail Group said trading in the third quarter exceeded its expectations, boosted by higher volumes during Christmas, reported Reuters.
Russian Railways cargo growth up 2.4% in 2012
Russian Railways saw a 2.4 percent increase in the amount of cargo it handled in 2012 compared with 2011, slightly lower than the company had forecast, reported Dow Jones Newswires.
New CFO for Kewill
Kewill Ltd, a provider of innovative software for global trade and logistics, has appointed Andrew Hicks to the position of chief financial officer.
SIA offers unpaid leave to senior pilots
Singapore Airlines is offering its most senior pilots an option of taking unpaid leave, the latest move among Asia's premium carriers to contain costs amid lacklustre demand for long-haul travel, reported Dow Jones Newswires.
| | Emirates seeks Qantas tie-up on transpacific
Emirates Airline is looking to deepen its proposed alliance with Qantas Airways to include hooking up with the Australian carrier's existing flights across the Pacific Ocean, Bloomberg News reported.
China Eastern seeks closer ties with Qantas
Qantas Airways' Chinese partner, China Eastern, is renewing a push for closer ties between the two airlines as it seeks to widen its Australia footprint, the Australian Financial Review reported.
Etihad mulls buying Alitalia shares in deal with Air France
Abu Dhabi's airline Etihad Airways is considering acquiring some of Alitalia's minority shares as part of a deal with Air France-KLM which already owns 25 percent of the Italian carrier, French business newspaper Les Echos reported, citing unspecified
FedEx rejects UPS offer of TNT assets
Informal approaches by United Parcel Service to FedEx to sell a package of TNT Express assets have been rebuffed by its US rival, making it potentially harder for UPS to win approval for its takeover of the Dutch delivery group, the Financial Times
China heavyweights to invest in Kaohsiung Port
Three shipping heavyweights from the Chinese mainland have agreed to invest US$135 million in a key port in Taiwan, a senior official said.
Merger to create Korea's biggest logistics firm
South Korean conglomerate CJ Group's leading logistic company CJ Korea Express will merge with CJ GLS which will create the nation's biggest logistic company worth US$5.1 billion, reported Maeil Business Newspaper.
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