Delta Air says profit falls but better results coming
Delta Air Lines reported a lower fourth-quarter profit but said it expected better results this year as it makes targeted investments in operations and products to drive revenue, reported Reuters.
Istanbul sets deadline for airport bidding
The deadline for bids in a tender to build Istanbul's third airport has been set as April 5, a Turkish official told Reuters.
Ukraine's largest airline grounded
AeroSvit, Ukraine's largest airline, will seek protection from its creditors in court this week after grounding most of its flights and leaving hundreds of people stranded across the globe due to financial problems, reported Reuters.
BA in alliance talks with India's IndiGo
British Airways is in talks with India's biggest carrier, IndiGo, over a ticketing and baggage sharing agreement, a source with direct knowledge of the discussions said, reported Reuters.
Indian jet repossession
row may scare off funds
One of the world's largest leasing firms has warned India the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot pay their bills could put the country's aviation growth at risk by scaring away new funding.
Shipowner forced to sell vessels as revamp fails
Fourteen container vessels managed by German shipping group Claus-Peter Offen will be sold in a fire sale because their income is no longer enough to service the loans.
Cosco Pacific to issue dollar notes to fund expansion
Port operator Cosco Pacific Ltd.
Canadian National Q4 profit climbs 3%
Canadian National Railway (CN) said its fourth-quarter earnings climbed three percent on record revenue, and citing a "solid" outlook for earnings, it boosted its quarterly dividend by 15 percent, reported Dow Jones Newswires.
Coal slump hits US railroad results
Slumping demand for coal continued to hurt the bottom lines of CSX Corp and Norfolk Southern Corp, although both big US railroads said cost cuts and increased shipments of other freight helped mitigate the declines, reported Dow Jones Newswires.
| | THAI to pay $16m incentive to staff
Thai Airways (THAI) chairman president Sorajak Kasemsuvan has agreed to pay an incentive of US$16.82 million to staff, THAI labour union chairwoman Jaemsri Sukchoterat said, reported the Bangkok Post.
Heathrow cancels more flights as snow continues
London's Heathrow airport cancelled 10 percent of flights on Monday because of snow, about half the number cut on Sunday, and said there could be further disruption with more snowfall expected, reported Reuters.
Boeing Dreamliner probes intensify
International investigations into the battery malfunctions that grounded Boeing Co's 787 Dreamliner jet are accelerating, with US and Japanese experts pursuing some new and possibly differing leads, reported Dow Jones Newswires.
Founder of easyJet
threatens to sell stake
Stelios Haji–Ioannou, easyJet's founder, has threatened to sell down his 37 percentpc family stake in the airline if directors persist with an order for new aircraft, reigniting a row over the company's expansion plans.
SpiceJet swings to Q3 profit
India's SpiceJet reported a net profit for its fiscal third quarter compared with a year-earlier loss, as the budget airline benefited from lower competition and cost controls in a typically weak travel season, reported Dow Jones Newswires.
Coimbatore Airport set for major expansion
The Coimbatore Airport is all set for a major take off as the preliminary notification has been issued for acquiring 629 acres for the construction of a new Rs.
Stansted purchase backed with $1.9b loan
Manchester Airports Group's (MAG) US$2.4 billion acquisition of London's Stansted airport is being backed with a $1.91 billion club loan from a group of 13 banks, banking sources said on Monday.
Asiana Airlines acquires 50% stake in Vietnam hotel complex
South Korea-based Asiana Airlines has acquired a 50 percent stake in the commercial center and hotel complex Kumho Asiana Plaza Saigon in Vietnam's southern economic hub of Ho Chi Minh City at the cost of US$67.
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