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- Edition: 1505
Headlines
Contents China luring foreign
pilots with big salaries
China is snapping up the world's supply of senior pilots with the offer of huge salaries, contributing to a global shortage and creating headwinds for Asia's fast-expanding airlines.
AMR urges court to back restructuring despite suit
American Airlines and its creditors' committee urged a bankruptcy judge to approve the airline's restructuring plan despite an anti-trust challenge from the Department of Justice, reported Reuters.
Etihad may take stake in Alitalia
Italian airline Alitalia is in talks with Etihad Airways on a commercial deal that may even lead to the Abu Dhabi-based carrier taking a stake in the money-losing Italian company, daily il Sole 24 Ore reported.
Japan mulls buying into two ports losing out to Busan
The Japanese transport ministry is considering taking equity stakes to step up its control on the operators of the country's two container ports in the Tokyo and Osaka regions in the face of strong competition from South Korea's Busan Port, sources
Indonesian airlines focus on cargo
Despite the fact that Indonesia is currently shadowed by the weakening value of the rupiah, the air cargo sector is projected to continue growing this year because demand for fast moving consumer goods distribution keeps increasing annually, reported The
Toll offshoot drops Virgin contract as losses mount
Toll Holdings' airport services offshoot has ditched a large contract with Virgin Australia after suffering "significant losses" on the deal, which involved baggage handling and passenger check-in services, reported The Sydney Morning Herald.
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