Second consecutive year of decline in air cargo
The International Air Transport Association (IATA) announced full-year traffic data for 2012 showing a 1.5 percent fall for cargo. The 1.
ANA loses $15m in January from Dreamliner grounding
All Nippon Airways, an enthusiastic Boeing customer now reeling from battery problems on its Dreamliner jets, said that the grounding of its 787 fleet hurt sales by about US$15.
Emirates airline launches $750m bond
Emirates airline, Dubai's flagship carrier, has launched a US$750 million 12-year amortising bond, reported Reuters.
Iberia unions plan strike after job talks fail
Workers at Spanish airline Iberia said they would strike after rejecting a fresh proposal by management on job and salary cuts hours before a deadline for agreement, reported Reuters.
Suez Canal to raise fees from May
Egypt's Suez Canal Authority will raise fees on shipping through the waterway by between two and five percent starting on May 1, boosting revenues for the cash-strapped government, reported Reuters.
Petronas offers $2.8b to buy MISC
Malaysia state energy company Petroliam Nasional or Petronas, plans to buy out its shipping unit MISC in a deal worth US$2.83 billion as it works to accelerate growth in a weak global economy, reported The Wall Street Journal.
Pensions costs push
UPS into red in Q4
United Parcel Service (UPS) reported a fourth-quarter net loss after taking a large pension-related charge and forecast weaker-than-expected 2013 profit due to an uneven global economy.
Dixon group sells Qantas holding
The group of former Qantas managers and their financial backers that had threatened to destabilise chief executive Alan Joyce's strategy have quietly sold their stake in the airline, reported The Australian Financial Review.
SATS posts 23% rise in Q3 profit
SATS Ltd posted a 23 per cent year-on-year increase in net profit to US$37.96 million for the third quarter ended December 31, 2012, reported Business Times Singapore.
| | SIA to ask 76 pilots to leave before contracts expire
Singapore Airlines said it would ask 76 pilots to leave before their contracts expire, as it grapples with surplus crew and slow business growth, reported Dow Jones Newswires.
Boeing aims to deliver more than 60 Dreamliners in 2013
Boeing Co said it expects to deliver 60 or more 787 Dreamliner jets this year, a cautious forecast that it can quickly resolve the electrical problems that have grounded the global 787 fleet, reported Dow Jones Newswires.
Air India to hive off two units for more revenue
National carrier Air India will hive off two of its units on February 1 as part of a plan to generate higher revenues, reported Dow Jones Newswires.
Horton's fate in balance as American-US Airways merger nears
As US Airways and American Airlines parent AMR Corp hammer out the final details of a merger, one of the most thorny issues has been whether AMR chief executive Tom Horton stays or goes, reported Reuters.
Walsh won't enter Iberia restructuring talks with unions
The chief executive of International Airlines Group will reject a request by a pilots union to discuss the restructuring of Spanish subsidiary Iberia, the Financial Times reported.
ANA Q3 profit up 40%
despite Japan-China spat
All Nippon Airways posted a 40 percent increase in net profit for the fiscal third quarter, despite headwinds from a weak Japanese economy and a sharp drop in customers travelling between Japan and China due to a territorial spat.
DP World reports higher annual throughput
The world's third biggest maritime port operator, DP World, some 56.1 million tonnes of container volume, an increase of a modest 2.
UK manufacturer lauds opportunity at London Gateway
Peter Surtees, European supply chain director of manufacturing giant Kimberley-Clark has hailed the UK's new multibillion dollar deep-sea port as a major opportunity for innovation.
Maersk starts new service from Krishnapatnam port
Maersk Line, the world's number one shipping line, made its maiden call at Krishnapatnam Port Container Terminal (KPCT) recently. The service covers the ports of Chennai, KPCT, Visakhapatnam, Tanjung Pelepas, Qingdao, Xingang and Shanghai.
More ships call at Kochi as cabotage rules ease
Terminal operator DP World is making all efforts to boost the image of Kochi port in the international shipping circles to attract more vessels, reported The Hindu.
DHL may sell 'last-mile' unit in US
Deutsche Post DHL is exploring a sale of its "last-mile" delivery service unit in the US, which retailers use to deliver bulky products to consumers, reported Reuters, citing three unnamed sources.
EU officially blocks UPS-TNT merger
European Union regulators have formally blocked a proposed merger between US express delivery giant United Parcel Service (UPS) and TNT Express, saying the transaction would have restricted competition in 15 EU countries, reported Dow Jones Newswires.
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