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- Edition: 1479
Headlines
Contents Polish government to pump $117m more into LOT
Troubled air carrier LOT Polish Airlines will get a further capital injection from the government, the treasury ministry said, on condition that it continues to restructure its operations, reported Dow Jones Newswires.
Airbus flies past Boeing in orders
Airbus pipped Boeing for the top spot in the value of orders at this year's Paris Air Show, racking up US$68.
Cathay to cough up $1.5m for price-fixing
Cathay Pacific Airways has agreed to pay a fine of US$1.45 million to settle an air cargo price-fixing case.
Ryanair plans to return $1.3b to investors
Ryanair already carries more international passengers than any other airline in the world, but yesterday it set its sights even higher, raising growth forecasts and announcing plans to return a further US$1.
Iberia may be grounded, Walsh warns
The survival of Iberia is far from certain even after a radical restructuring at the Spanish flag carrier involving thousands of job cuts, International Airlines Group warned, reported The Times.
Airbus to offer 'regional' A350
Airbus is offering airlines a shorter-range "regional" version of its A350-900 passenger jet, sales chief John Leahy told Reuters at the Paris Airshow.
SIA firms up order for 50 A350 XWB jets
Singapore Airlines has firmed up an order for 30 long-range Airbus A350-900 passenger jets as well as options for 20 more A350 planes, which might include the larger A350-1000 version of the aircraft, reported Dow Jones Newswires.
EU launches probe into SAS aid
The European Commission has opened an in-depth probe into state aid given to Scandinavian Airlines (SAS) by the Swedish and Danish governments, reported Independent Print Ltd.
Airbus pieces together air show order finale
European planemaker Airbus sought to finalise a flurry of orders on Thursday to avoid a rare defeat to US arch-rival Boeing at the Paris Airshow, reported Reuters.
| | JNPT, DP World sign pact on container facility
Jawaharlal Nehru Port Trust (JNPT) has signed a memorandum of understanding (MoU) with Nhava Sheva Gateway Terminal, a subsidiary of Dubai-based DP World, to develop a US$100 million standalone container handling facility on a 27-hectare plot at JN Port
DHL raises the bar for China-Russia connectivity
DHL Global Forwarding, a provider of air, sea and road freight services in Europe and Asia, has developed a multimodal means to reduce transit time between Western China and Russia by up to 40 days compared to ocean freight at one-sixth the cost of air
FedEx profit dives 45%
on restructuring costs
FedEx Corp said it would ground more jets after reporting a 45 percent fall in profits in the fourth quarter due to restructuring costs.
China to spend $767b on roads
China will allocate about US$767 billion for road projects between 2013 and 2030, the Ministry of Transport said, in the latest step by policymakers to underpin growth in the world's second-largest economy, reported Reuters.
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