Boeing to pare Dreamliner workforce
Boeing Co plans to cut hundreds of workers at a South Carolina factory where it builds 787 Dreamliners, part of a cost-reduction initiative set in motion before battery problems caused the grounding of the company's flagship jetliner, reported The Wall
MAS turns around on capacity cuts
Malaysian Airline Systems (MAS) swung to a net profit in the fourth-quarter from a year earlier, helped by a reduction in its passenger carrying capacity and lower fuel costs, reported Reuters. It booked a net profit of US$16.
IAG reaffirms Iberia restructuring plan
International Consolidated Airlines (IAG) said it is pushing ahead with staff cutbacks at Spanish carrier Iberia, as a robust performance at British Airways only partly cushioned the impact of high fuel prices and a weak Spanish economy last year,
Ryanair to cut Stansted capacity by 9%
Ryanair is to reduce its capacity at London's Stansted airport by about one million passengers over the next year after the airport increased charges by six percent, reported Reuters.
US Airways flight attendants ratify contract
Flight attendants at US Airways Group approved a contract with the carrier which provides pay raises and job protections by a margin of 80 percent, reported Reuters.
Thai Airways back to profit on forex gains
Thai Airways International reported a quarterly net profit, turning around from a loss a year earlier, as gains from foreign exchange outpaced higher staff costs, reported Reuters.
Branson plans domestic UK airline
International Consolidated Airlines and its British Airways unit face a new challenge from entrepeneur Richard Branson, The Times in London reported. The founder of Virgin Atlantic airline plans a domestic UK airline to compete with BA, The Times said.
Brazil's Q4 seaborne trade disappoints – Maersk
Brazilian seaborne trade fell 1.2 percent in the fourth quarter of 2012 compared with a year earlier, much worse than had been expected as Brazil's economy fails to pick up steam, Danish shipping company Maersk Line said, reported Reuters.
DHL increases Africa access points
Express services provider DHL Express has expanded its network of service points in sub-Saharan Africa from an initial 300 to over 1,000 in a few months, reported All Africa.
| | Shanghai Yuantong Express to go public
Shanghai Yuantong Express (Logistics) is likely to become China's first non-state-owned courier firm to go public.
Geodis Wilson bags deal with luggage maker
Geodis Wilson, Geodis' freight management division, has signed a two-year contract to manage the global logistics operations for international luggage manufacturer, Delsey.
CargoWise set to expand in Sri Lanka
CargoWise, a provider of technology solutions for logistics service providers (LSPs), announced a new distribution partnership with Asvinta Solutions, which will enhance local delivery of ediEnterprise in Sri Lanka.
DHL appoints veteran for network operations
DHL has named Sean Wall as the new senior vice-president of network operations and aviation, DHL Express, Asia Pacific, reported Fuseworks. In addition, Wall will join the DHL Express Asia Pacific management board.
IAG swings to $89m operating loss
International Airlines Group , the owner of British Airways and Spain's Iberia, swung to a full-year operating loss, hit by its underperforming Spanish unit and higher fuel costs, reported Reuters.
Saudia Cargo increases frequencies
Saudi Airlines Cargo will add additional flights to selected routes in its existing freighter schedule.
Ryanair takes offer for Aer Lingus to court
Ryanair is taking to court its battle to acquire rival Aer Lingus following the rejection of its third takeover bid by European officials, reported The Guardian.
Etihad pays $70m for
Heathrow slots of Jet
Abu Dhabi's Etihad Airways paid US$70 million for Jet Airways' slots at London's Heathrow airport and said it remains in talks to buy a stake in the Indian carrier.
Air NZ first-half profits nearly triple
Air New Zealand reported that first-half profit nearly tripled due to a boost in international passengers, and signaled higher full-year profits. The largely state-owned airline posted a net profit after tax of US$82.4 million, compared with $31.
Billionaire buys Hawaii airline
Oracle Corp's billionaire chief executive Larry Ellison has bought Hawaii airline Island Air as he aims to improve transportation to the region after his purchase of a Hawaiian island last year, reported Dow Jones Newswires.
Mexico airport operator GAP quarterly profit drops 10.5%
Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) posted a 10.5 percent drop in fourth-quarter profit as revenue fell and it spent more servicing debt, reported Reuters. The company said fourth-quarter profit fell to US$40.
Mitsui bags contract for Jakarta port project
The operator of Jakarta's main seaport has selected Japan's Mitsui & Co to build, finance and operate the first container terminal at a new port facility planned for the city, reported Dow Jones Newswires.
DHL to invest $52.5m over next three years in Indonesia
DHL Supply Chain, provider of contract logistics solutions, will invest US$52.5 million over the next few years to further strengthen its position in Indonesia.
Hungary to build railroad to speed up freight transit
Hungary's government, which is seeking ways to jump-start economic growth, has decided to build a 113-km railroad to cut freight transit times across the country to one day from the current four to five days, a government official said, reported Dow
|
No comments:
Post a Comment