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- Edition: 1504
Headlines
Contents Air New Zealand may axe 180 jobs
Air New Zealand may cut 180 jobs from July 2014 at an aircraft maintenance facility in Auckland, reported Dow Jones Newswires. The national carrier said it is consulting with staff at the facility and a final decision will be made in October.
Xiamen Airlines to buy six Boeing 787s
Chinese carrier Xiamen Airlines has finalised a long-awaited deal for six Boeing 787 aircraft worth US$1.27 billion at list prices, allowing it to begin long-haul services to the United States and Europe in 2014, reported Reuters.
Lufthansa to place $10b plane order
Deutsche Lufthansa's board of directors and supervisory board are expected to approve in mid-September an order for about 50 wide-body jets worth more than US$10 billion at list prices, according to two people familiar with the matter, reported Reuters.
Argentina scolds LAN for stirring concerns over Buenos Aires airport
LATAM Airlines Group, the biggest carrier in Latin America, is stirring popular sentiment against Argentina, the country's airport regulator said, in a standoff threatening operations at a key Buenos Aires airport, reported Reuters.
Carriers seek November 12 trial date for merger lawsuit
American Airlines and US Airways are seeking a 10-day trial that would begin November 12 in US federal court to fight the challenge by the US Justice Department to their proposed merger, which would form the world's biggest carrier, reported Reuters.
Higher profits prompt US airlines to add capacity
Amid increasing profits, US airlines are adding service again after years of steep cuts to flying, but rising fuel prices continue to threaten the industry's ability to expand, reported Dow Jones Newswires.
ICTSI to spend $150m on Honduras facility
International Container Terminal Services Inc (ICTSI) plans to spend about US$150 million in the next five years to develop the port in Puerto Cortes, Honduras, a senior company official said, reported BusinessWorld.
Sinotrans sees shipping recovery as profit up
Sinotrans, the mainland's largest freight forwarding company, said the shipping industry is recovering but it is too early to predict an upturn in freight rates. The company saw its net profit increase 15 percent year-on-year to US$73.
ABC appoints new Japan, Korea VP
Nagakazu Sagara has joined AirBridgeCargo Airlines as vice-president, Japan and Korea.
| | Only one left standing in bid for jet leasing unit
Two members of a Chinese consortium that had agreed to buy American International Group's (AIG) aircraft leasing subsidiary ILFC for US$4.7 billion have pulled out, leaving just one buyer and jeopardising chances for completion of the sale.
Officials in three states fight merger suit
Officials in three states are pushing back against the US government's attempt to block the proposed merger of American Airlines and US Airways to create the world's biggest airline, saying the combined company would benefit their local economies,
Croatia wants to sell 49% stake in flag carrier
Croatia aims to sell up to a 49 percent stake in troubled national flag carrier Croatia Airlines and will test investor appetite with a preliminary tender by mid-October, the transport ministry said, reported Reuters.
APM Terminals investing heavily in Africa, Russia
APM Terminals, the ports arm of Danish shipping and oil group A P Moller-Maersk, is investing heavily in fast-growing Africa and Russia to compensate for lack of growth in mature markets like Europe, reported Reuters.
ZIM launches Florida Central America service
ZIM has launched a new Florida Central America (FCA) service between Miami, Santo Tomas de Castilla (Guatemala) and Puerto Cortes (Honduras) in response to market requirements.
Tauranga port posts record profit
New Zealand's Port of Tauranga reported a 52 percent rise in annual profit to a record level on a one-off gain and higher cargo volumes, and said it expected further growth, reported Reuters.
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