Sri Lankan Airlines makes record $134.8m loss
Loss-making Sri Lankan Airlines hopes a five-year plan to fly to more profitable destinations and invest in a more fuel-efficient fleet will help it break even in 2015/16, its chief executive said.
Sydney Airport swings to black
Sydney Airport swung to a net profit in 2012 as the introduction of new international low-cost airlines and more services into key Asian markets resulted in record passenger numbers, reported Dow Jones Newswires.
Airbus parent posts
strong profit growth
European Aeronautic Defence & Space (EADS) reported double-digit profit and revenue growth for 2012 following higher output at its Airbus division, but said it still has some way to go to meet its medium-term profitability targets.
Court rules against Mexican airport operator GAP on stake
A Mexican court has ruled that airport operator Grupo Aeroportuario del Pacifico cannot prevent Grupo Mexico, or any other shareholder, from accumulating a sizeable chunk of its stock, reported Reuters.
Taiwan container ship hits two fishing boats
A Taiwan container ship collided with two tethered Japanese fishing boats at about 6 am Monday 5km west of Kansai International Airport, capsizing the boats and leaving one of their crew members dead and another missing, reported Daily Yomuri.
Expeditors Q4 profit drops 9.3% on lower revenue
Expeditors International's fourth-quarter earnings fell 9.3 percent as revenue from its key air freight services segment edged down, while margins narrowed and operating expenses climbed, reported Dow Jones Newswires.
Indian rail freight rates to go up by 6%
Indian railway minister Pawan Kumar Bansal in his budget presentation has raised freight rates but left passenger fares unchanged, reported Dow Jones Newswires.
UPS International gets new president
Dan Brutto, a 38-year veteran and the architect of UPS's international strategy for the past five-and-a-half years will retire at the end of April, reported Business Wire.
CEVA names China executive
CEVA Logistics, a supply chain company, has appointed Duncan Gates as senior vice-president and head of business development for China, reported PRNewswire.
| | Han appointed Transporeon business development director
Transporeon Group Asia Pacific has appointed an experienced supply chain professional to its senior management team based in Singapore, to further strengthen the company's growing presence in the region.
AAT starts year with 19% tonnage growth
Asia Airfreight Terminal (AAT) announced that its tonnage throughput in January 2013 was 60,482 tonnes, recording a growth of 19 percent compared to the same period last year.
Vietnam's Air Mekong to halt operations
Vietnam's Air Mekong will halt all its flights from Friday, becoming the third local airline in the past two years to cease operations hit by high costs, reported Dow Jones Newswires.
Problem-plagued Sukhoi Superjet fails to take off
A Sukhoi Superjet 100 failed to take off from Moscow's Sheremetyevo airport after one of its engines malfunctioned, Interfax reported, further clouding the future of Russia's first post-Soviet civil plane project.
Mexican airport operator Asur posts higher quarterly profit
Mexican airport operator Asur reported a 57 percent rise in fourth-quarter profit, helped by a double-digit increase in passenger traffic and lower costs, reported Reuters.
Rise in volumes will not lift rates, says airline body
Air cargo freight rates will remain under pressure this year, even though there will be an improvement in the market, Association of Asia Pacific Airlines director-general Andy Herdman said in Hong Kong today.
Ferrovial to bid for Brazil airports
Spanish construction and infrastructure company Ferrovial will take part in the privatisation of two Brazilian airports, aiming to capitalise on its track record of managing airports in Europe, reported Dow Jones Newswires.
Competition eats into Virgin Australia profit
Virgin Australia booked a 56 percent fall in first-half profit as intensifying competition in Australia's domestic travel market drove down ticket prices and stopped it from passing on the carbon tax to customers, reported Dow Jones Newswires.
CEO quits struggling Alitalia
The chief executive of Italian airline Alitalia quit after only a year in the job as the struggling company reported a net loss of US$370 million in 2012, reported Reuters.
Airbus upbeat on India demand despite airline woes
Airbus is sticking to upbeat forecasts for aircraft demand in India in the face of financial woes creeping across its airline sector, the European planemaker's sales chief said, reported Reuters.
Russia major trade partner for Hamburg
Russia is the second-most important trading partner for the Port of Hamburg in terms of seaborne container handling.
Jaxport to pursue 47-ft deep harbour
Jaxport's board of directors has voted unanimously to inform the US Army Corps of Engineers that Jaxport will pursue a harbour deep enough to remain competitive by supplying additional local investment for the project.
PostNL to tighten its belt further
PostNL is to seek more cost cuts and is reviving efforts to sell its stake in TNT Express, aiming to resume dividends and battle back from a slump in its key mail markets, reported Reuters.
Weiss Rohlig offers Taiwan-Boston consolidation service
Weiss Röhlig, a provider of logistics services, has launched weekly consolidation container service for loose cargo from Taiwan to Boston in the United States.
Singapore fund cuts GLP
stake to raise $1.2b
Singapore's sovereign-wealth fund is raising around US$1.27 billion by cutting its stake in warehouse operator Global Logistic Properties, marking the third-biggest share sale in Asia this year.
TNT Express names new CEO
Dutch company TNT Express has proposed the appointment of Tex Gunning, board member at Dutch chemicals and paints company Akzo Nobel, as chief executive officer, reported Dow Jones Newswires.
|
No comments:
Post a Comment