Boeing respite as Ryanair buys 175 jets
Boeing has signed an order for 175 single-aisle 737s, its biggest deal so far this year, from the European low-cost carrier Ryanair, reported the International Herald Tribune. The agreement is valued at US$15.
LATAM Airlines 2012 profit nosedives
Newly-merged LATAM Airlines Group's net profit dived 96.6 percent in 2012 to US$10.96 million, hammered by the cost of Chilean airline LAN's takeover of Brazil's TAM and higher taxes in Chile, reported Reuters.
787 grounding to cut JAL profit by $19m
The grounding of Boeing's 787 Dreamliner is likely to cut Japan Airlines' operating profit between mid-January and the end of May by US$18.97 million, reported Reuters. The two months to end-May will slice $11.
Cargolux launches first flight to Dallas/Fort Worth
Cargolux Airlines is expected to launch its first freighter flight connecting Dallas/Fort Worth International Airport (DFW) to Luxembourg tomorrow, reported PR Newswire.
Air France pilots call halt to reforms
Pilots at French airline Air France have given notice that they won't implement any new competitiveness-enhancing measures agreed with management last July until they see full details of a separate deal negotiated with cabin crews, reported Dow Jones
CMA CGM sees moderate rise in rates in 2013
Average fees for shipping containers around the world will rise "moderately" in 2013 from 2012 as trade to and from the US, Russia, Asia, Africa and Latin America is likely to pick up, CMA CGM chief financial officer Michel Sirat said, reported Dow Jones
Asset sales aid DP World 21% profit growth
Dubai-owned port operator DP World's 2012 profit rose 21 percent, bolstered by a US$249 million gain from sale of non-core assets and growth in emerging market operations.
Hapag-Lloyd deeper in the red
German shipping company Hapag-Lloyd posted higher losses for 2012 due to unexpectedly low cargo volumes as a result of the global downturn and high energy costs, prompting it to defer the delivery of new ships, reported Reuters.
JAL turnaround guru resigns
Japan Airlines' honorary chairman will retire from its board, ending the business entrepreneur's three-year tenure during which he successfully turned around the once beleaguered carrier into one of the world's healthiest airlines, reported Dow Jones
| | Gulf Air to axe another 400 jobs
Gulf Air, the flag carrier of Bahrain, will cut another 400 jobs as part of its restructuring plan, revealed Kamal bin Ahmed Mohammed, minister of transportation, Bahrain, in Kochi, reported The Times of India.
Cathay February freight traffic down 12%
Cathay Pacific Airways said its freight traffic fell 12 percent year-on-year in February as demand on the key trade lanes to Europe and the Americas remained sluggish, while a pick-up following Chinese New Year was slower than expected, reported Reuters.
Windfall for Airbus as Lion Air buys 234 planes
Airbus has signed its biggest deal ever, an order from Indonesian's Lion Air worth US$24 billion for 234 planes that President Francois Hollande said should inspire the struggling French economy and all of Europe.
EasyJet CEO threatens to shelve new planes order
EasyJet will abandon plans to upgrade its fleet with updated Airbus or Boeing jets if terms offered by the planemakers are not satisfactory, the airline's CEO said, reported Reuters.
Global Ports profit hit by St Petersburg writedown
London-listed Russian ports operator Global Ports reported a 16 percent fall in annual net profits to US$123.5 million after writing down the value of its container terminal at St Petersburg, reported Reuters.
G6 Alliance to launch six new loops
After agreeing to expand the successful G6 Alliance to the transpacific trade earlier this year, the six member lines announced the port rotations of their new comprehensive and competitive service portfolio.
DHL offers new life science packing
Logistics giant DHL has a new range of temperature-controlled packaging as part of its DHL Medical Express1 services in Singapore.
UPS boss receives less compensation
United Parcel Service (UPS) said chief executive Scott Davis received compensation valued at US$12.14 million last year, down about seven percent from $13.05 million in 2011, reported Dow Jones Newswires.
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