CargonewsXpress - Edition 1426

If this newsletter is not properly displayed, please click here. ABOUT US SUBSCRIPTION ADVERTISING CONTACT US - Edition: 1426 Headlines Air Berlin to cut 900 jobs in savings drive Hungary's budget threat fades as airport recovers Jet Airways in final talks to sell stake to Etihad Airways Hactl achieves second best annual tonnage Kenya unveils record haul of smuggled ivory Iberia pilots proposes 26% salary cuts, 10% layoffs Two US airlines accused of dodging taxes American Airlines firms up Boeing, Airbus orders BOC leasing unit orders 50 Airbus A320s Cosco mulls $1.3b investment in Greek port Shippers demand new services to cut costs Adani Group looking to buy port in India TNT shares dive as UPS walks away from bid Contents Air Berlin to cut 900 jobs in savings drive German airline Air Berlin , part-owned by Abu Dhabi-based carrier Etihad, plans to cut almost 10 percent of its workforce of 9,300 as part of a cost-cutting campaign aimed at halting years of losses, reported Reuters. Hungary's budget threat fades as airport recovers The danger of a US$3.61 billion hit to the Hungarian budget from compensation payments linked to a fall in business at Budapest airport faded as airport operator Hochtief said the facility was doing well, reported Reuiters. Jet Airways in final talks to sell stake to Etihad Airways Jet Airways is in final discussions to sell a stake to Abu Dhabi-based Etihad Airways, a person involved in the deal said. Hactl achieves second best annual tonnage Hong Kong Air Cargo Terminals Limited (Hactl) – the major air cargo handler at the world's largest air cargo hub – has reported the second best year in the company's history. The fourth quarter in 2012 saw total traffic up 6. Kenya unveils record haul of smuggled ivory Police in Kenya have seized two tonnes of ivory worth US$1.15 million, the biggest haul on record in the east African country, officials said, reported Reuters. Iberia pilots proposes 26% salary cuts, 10% layoffs The pilots of Spanish airline Iberia have proposed an alternative cost-reduction plan to its owner, International Consolidated Airlines Group (IAG), which includes a 26 percent cut in salaries and a 10 percent reduction in the number of pilots. Two US airlines accused of dodging taxes The transportation authority has accused two of the world's largest airlines, United Continental Holdings and American Airlines, of dodging a combined US$300 million in local taxes since 2005, reported Dow Jones Newswires. American Airlines firms up Boeing, Airbus orders American Airlines has confirmed orders with Boeing and Airbus for hundreds of new planes, including 42 Boeing 787 Dreamliners valued at US$8.7 billion at list prices, reported Reuters. BOC leasing unit orders 50 Airbus A320s BOC Aviation, the aircraft leasing unit of Bank of China, has ordered 50 Airbus A320 aircraft, half of which will be the new engine option or neo versions of the single-aisle jets that promise lower fuel consumption, reported Dow Jones Newswires. Cosco mulls $1.3b investment in Greek port Chinese shipping group Cosco is considering investing US$1.34 billion in Greece's largest port at Piraeus, which is on the government's privatisations agenda. Shippers demand new services to cut costs Manufacturers, retailers and others involved in buying global transport are asking for new services and products as part of their attempts to reduce costs. Adani Group looking to buy port in India The Adani group, one of India's largest infrastructure conglomerates, is looking to buy a private port on India's eastern coast for around US$1 billion, chairman Gautam Adani said, reported The Wall Street Journal. TNT shares dive as UPS walks away from bid UPS is dropping its US$6.8 billion bid for Dutch delivery firm TNT Express after European anti-trust regulators said they would veto it, leaving TNT's future in doubt and almost halving the value of its shares.   Produced by Cargonews Asia 10/F, Block C, Seaview Estate, 2-8 Watson Road, North Point, Hong Kong. Tel: 852-3965 7800 Fax: 852-2508 0255 Contact Editorial: cnaedit@cargonewsasia.com.hk Advertising: octang@cargonewsasia.com.hk Other enquiry: customer@cargonewsasia.com.hk You have been sent this email because you requested to receive it, either as a registered user of CargonewsAsia.com, or as a registered reader of Cargonews Asia newspaper. If you would like to unsubscribe from this newsletter click here. If you received this newsletter from a friend and you would like to subscribe to it free of charge please go to the cargonewsasia.com registration page and fill out the registration form. This news service is designed for optimal viewing with MS Outlook. Copyright @2002-2009 Marshall Cavendish Business Information (HK) Ltd. All Rights Reserved.