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- Edition: 1437
Headlines
Contents Heathrow profit rises on airline tariffs
Heathrow Ltd, the British airport operator formerly known as BAA, posted a strong rise in full year profit, largely driven by an increase in the fees it charges airlines, reported Reuters.
Etihad needs to revise Jet Airways deal, says chairman
Etihad Airways needs to revise its deal to buy a stake in India's Jet Airways and it is too soon to say when a final agreement will be struck, the Abu Dhabi airline's chairman told Reuters.
Iberia strike set to ground over 1,000 flights this week
Workers at loss-making Spanish flag carrier Iberia were set to begin a five-day strike at midnight on Monday, grounding over 1,000 flights and costing the airline and struggling national economy millions of US dollars, reported Reuters.
No lithium-ion
battery in A350
European plane maker Airbus dropped the use of lithium-ion batteries for its upcoming new carrier A350 as the technology is increasingly questioned in the aerospace industry after two accidents involving this kind of batteries led to the grounding of
Shippers allege graft at Thai port authority
The Port Authority of Thailand (PAT) employees are extorting shipping operators at Bangkok Port, the Thai Federation on Logistics claims.
Gulftainer throughput up 24% in 2012
UAE-based Gulftainer, one of the largest privately-owned port management and logistics companies, said it has registered a 24 per cent overall increase in its trade volumes in 2012 when compared to the previous year, reported Mist News.
Feeder service begins between Karaikal and Colombo
The first container feeder service between Marg Karaikal Port and Colombo began last Friday, with the maiden call of Tiger Bridge, a vessel of Bengal Tiger Line, reported The Hindu.
TNT Express narrows
loss in fourth quarter
Dutch mail company TNT Express, whose takeover by UPS was blocked by European anti-trust regulators, posted a net loss of US$198 million in the fourth quarter compared to a loss of $231 million in the fourth quarter of 2011 as a result of an impairment
Freightways first-half profit up 11%
New Zealand firm Freightways reported a higher first-half net profit attributable to shareholders as growth momentum in the express package business improved and as market share growth in Australia increased, reported Dow Jones Newswires.
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