Etihad plans assault on alliance costs
Etihad Airways plans to step up an assault on costs with its international equity alliance partners, especially in Europe with Air Berlin, and remains on track to make a profit again this year despite the tough global aviation market, reported The
Hungarians to launch new airline in August
Three Hungarian businessmen backed by Middle East investors plan to launch a new Budapest-based full-service airline to plug a market gap left by the collapse of flag carrier Malev last year, reported Reuters.
Paris airports operator aims to cut 370 jobs
Paris airports operator ADP plans to open talks with labour unions on 370 job cuts, or four percent of its labour force, reported Reuters. The cuts would be achieved through voluntary departures.
AA posts first Q2 profit since 2007
American Airlines reported its first second-quarter profit since 2007, buoyed by bankruptcy cost-cutting that has put it on firmer financial ground ahead of a merger with US Airways Group, reported Reuters.
Cargotec shares surge on turnaround signs
Finland's Cargotec Oyj posted higher-than-expected quarterly earnings, raising hopes of a turnaround at the struggling cargo handling equipment maker and boosting its shares, reported Reuters.
DHL to launch proof of delivery service
DHL Express plans to introduce an electronic Proof of Delivery (ePOD) service in Tanzania to directly capture customer signatures on screen by the end of this month.
Zhengzhou starts rail
service to Hamburg
Responding to rising trade volumes, Zhengzhou, a business and logistics centre in Central China, has started rail freight service to Hamburg, Germany.
ILFC finalises $2.8b deal for 50 Embraer jets
The International Lease Finance Corporation (ILFC), global market leader in the leasing and remarketing of commercial aircraft, has finalised a US$2.
Hainan Airlines seeks nod for Beijing-Boston flights
Hainan Airlines has sought approval from China's aviation regulator to start Beijing-Boston flights next year, in a move that would make it the second Asian airline to fly to New England, reported Dow Jones Newswires.
| | Heathrow offers to fund
building of third runway
Britain's biggest airport, London's Heathrow, has urged the government to let it build a third runway, saying its plans would provide more flights, less noise and be cheaper and quicker to build than rival proposals.
EADS mulls changing name to Airbus
European Aeronautic Defence & Space (EADS) has revived plans to shed its corporate name to adopt that of its better known passenger aircraft division, Airbus, according to people with direct knowledge of the project, reported Dow Jones Newswires.
US carriers offer concessions to EU to ease merger
European competition regulators have pushed back a final decision on clearing the planned merger of American Airlines parent AMR Corp and US Airways Group until next month after the carriers offered concessions to secure backing for a deal that would
Dart Group pre-tax profit up 44%
Aviation and distribution services provider Dart Group, posted a 44 percent rise in pre-tax profit during the full year-end, mainly due to significant growth in revenue, reported Dow Jones Newswires. The company recorded pretax profit of US$61.
Oakland port closes for a day to mourn death of worker
The Port of Oakland was shut down for the day on Wednesday after a longshore worker was killed when her truck crashed at the port, officials said, reported the San Francisco Chronicle.
DHL launches India-Shanghai LCL service
DHL Global Forwarding, the air and ocean freight arm of Deutsche Post DHL, has launched two new weekly services connecting Nhava Sheva and Chennai ports with Shanghai for less-than-container load (LCL) consignments, reported The Hindu.
Yahoo joins the fray on same-day deliveries
Yahoo Japan will launch same-day delivery service from Friday for its online shoppers, according to Nikkei Report.
New CEO named for Port of Rotterdam Authority
Allard Castelein will become chief executive of the Port of Rotterdam Authority on January 1, 2014.
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