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- Edition: 1443
Headlines
Contents Gulf Air sheds 15% staff in restructuring
Bahrain's national carrier Gulf Air has cut 15 percent of its staff to date and dropped four loss-making routes as part of its restructuring, reported Reuters.
Iberia flights grounded as strike resumes
Workers at Spain's Iberia were set to ground nearly 1,300 flights in a second round of five-day strikes launched on Monday to protest against deep job and wage cuts at the loss-making airline, reported Reuters.
Air China buys 31 jets for $4.8b
Air China has signed an agreement to buy a total of 31 passenger aircraft and freighters from Boeing Co with a combined list price of US$4.83 billion as it seeks to expand capacity and improve efficiency., reported Dow Jones Newswires.
Cathay cancels order for
eight Boeing freighters
Cathay Pacific Airways has cancelled an order for eight Boeing 777-200 freighter aircraft because of concern about slowing growth in air cargo demand.
Inept management sinking Cosco, say analysts
One of the country's most prominent liner shipping operators, China Ccosco Holdings, is struggling to avoid being kicked out of the Shanghai Stock Exchange five years after its debut. It lost 6.5 billion yuan (US$1.
Giant cranes arrive at London Gateway
Three new giant cranes have been delivered to London Gateway, the new deep-sea port in the Thames Estuary, at a site near Stanford le-Hope in Essex, reported the Telegraph.
Tianjin wins Beijing support to become trade hub
Plans to transform the northern port city of Tianjin into an international trading hub have taken a major step forward, winning support in principle from the central government, according to the city's deputy mayor, reported China Daily.
K+N to reshuffle management after profit fall
Logistics giant Kuehne + Nagel International posted a decline in 2012 profit as it was unable to achieve cost cuts in several countries and has decided to reshuffle its management to better react to market demands, reported Dow Jones Newswires.
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