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- Edition: 1444
Headlines
Contents John Menzies profit up on aviation
Airport services provider and newspaper distributor John Menzies Plc reported a rise in 2012 pre-tax profit on stronger earnings from its aviation business, reported Reuters.
India to help leasing firms repossess planes
India will make it easier for leasing and finance firms to reclaim planes used by Kingfisher Airlines, two government sources told Reuters, after complaints that India was complicating the process.
Emirates airline plans second bond sale
Emirates airline, Dubai's flagship carrier, has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale, in what would be its second bond sale this year, reported Reuters.
Port gets nod to dredge Tauranga harbour
The Port of Tauranga is predicting further earnings growth but says exporters are the big winners, after succeeding in its four-year resource consent battle to dredge Tauranga Harbour, reported The Dominion Post.
Panalpina swings to $74m loss in 2012
Panalpina Welttransport posted a loss of US$74.37 million in 2012 compared with a profit of $134.93 million in 2011 due to higher costs and one-off charges.
Striking Iberia workers protest against job cuts
Thousands of workers facing pay and job cuts at loss-making Spanish airline Iberia on Monday staged a second wave of protests that could ground nearly 1,300 flights this week, reported Reuters.
Portuguese airline TAP to strike as budget protests grow
Staff at Portugal's national airline TAP will go on strike on March 21-23, unions told the government, adding to growing protests against budget, pay and job cuts in the bailed out euro zone country, reported Reuters.
Korean Air bids for 44% of Czech Airlines
Korean Air Lines made a bid of several million dollars for a 44 percent stake in the unprofitable Czech Airlines, in its first attempt to invest in another passenger carrier, reported Dow Jones Newswires.
Signs of recovery in global air cargo market
Global demand for air cargo increased five percent on the year in January, showing some tentative signs of recovery in the air freight sector, the International Air Transport Association said.
| | Brazil's Tam, Gol cut jobs to reduce costs
Brazil's two leading airlines, Tam and Gol Linhas Aereas Inteligentes, announced layoffs over the weekend as the struggling carriers, which merged recently with rivals, try to cut costs, reported Dow Jones Newswires.
Houston puts off dredging funding as canal opening delayed
The Port of Houston Authority has bumped two major dredging projects into its next budget cycle and says it will hold off on developing a private line of credit to finance other capital projects, as completion of the Panama Canal expansion has been
JNPT wants to raise 365m to fund dredging
Jawaharlal Nehru Port Trust (JNPT) has approached markets regulator Sebi to raise bonds worth US$365.73 million to fund its dredging plans, reported The Economic Times. Earlier last week, Ennore Port had also approached Sebi to raise bonds worth $182.
Christmas boost for Deutsche Post
Deutsche Post DHL posted consensus-beating quarterly earnings thanks to robust demand for package delivery from online shoppers over Christmas and forecast a further rise in profit this year, reported Reuters.
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