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- Edition: 1468
Headlines
Contents India plans to reduce airport fees
India's government is looking at reducing airport fees at smaller airports in a bid to boost its flagging domestic aviation industry, reported Dow Jones Newswires.
Boeing books orders for 101 B737s
Boeing Co disclosed an order for 101 of its 737 new single-aisle jets, the latest salvo in the fierce scrap for business between the US manufacturer and arch-rival Airbus ahead of the Paris Air Show in June, reported Dow Jones Newswires.
Cosco Pacific sets sights on ports abroad
Cosco Pacific says it is in advanced talks to buy ports on the mainland and in Southeast Asia and Greece because of their attractive prices. The port operator, which is set to pocket US$1.
GLP fourth quarter profit soars 43%
Global Logistic Properties' (GLP) fiscal fourth-quarter net profit grew 43 percent as it notched greater contributions from joint-venture assets and higher fair-value gains, reported Dow Jones Newswires.
Damco revenue up 6% in Q1
Damco, a freight forwarding and logistics service provider, posted a six percent increase in first quarter net revenue at US$773 million, compared to $728 million in the same period in 2012.
Boeing plans to return 80% of cash to shareholders
Boeing Co's top executives say it plans to return around 80 percent of its free cash to shareholders, aiming to keep its research and development spending considerably lower over the next decade compared to the significantly delayed and over budget 787
Etihad grabs more of Virgin
Abu Dhabi-based Etihad has confirmed it has increased its shareholding in Virgin Australia Holdings to 10 per cent, but has not approached the Foreign Investment Review Board to take its holding higher.
Turkish Airlines rejects strikers' proposal
Turkish Airlines said it would raise employees' wages by less than union demands and would no longer engage in contract talks, potentially prolonging a strike that it says has so far had little impact on its operations, reported Reuters.
EasyJet acquires slots at Gatwick Airport
Budget airliner EasyJet confirmed that it has completed an agreement with Flybe Group to acquire 25 pairs of arrival and departure slots at Gatwick airport for a total consideration of US$30 million, reported Dow Jones Newswires.
| | AirAsia's profits hit by financing costs
Malaysia's AirAsia, Southeast Asia's biggest budget airline by passenger traffic, posted a 39.23 percent fall in first-quarter profits, hurt mainly by higher finance costs and a foreign exchange loss on borrowings, reported Reuters.
Chennai to invite fresh bids for mega terminal
State-run Chennai Port will invite fresh bids from seven companies that are qualified to participate in the construction of a mega container terminal at the port for an estimated US$716 million.
CEVA taps IBM SmartCloud
IBM announced a four-year contract with CEVA Logistics to accelerate business delivery results for its customers through a new cloud-based information exchange for its supply network, reported PRNewswire.
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