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- Edition: 1519
Headlines
Contents Virgin CEO slammed for pay rise
The Australian Shareholders Association has slammed Virgin Australia for awarding its chief executive an 8.23 percent pay hike even as the airline reported another significant loss in the last financial year, reported The Courier-Mail.
Auditors raise red flag for SpiceJet
Budget carrier SpiceJet's auditors have raised concerns about its ability to stay afloat as its operating losses have completely eroded its net worth, reported The Times of India.
SATS to operate airport
cargo facilities in Oman
The government of Oman is to form a joint venture with Singapore Airport Terminal Services Ltd (SATS) to develop and operate state-of-the-art cargo facilities at present airports in Oman as well as new airports.
Lion Air to fill 'thin' routes with Bombardier C300s
Indonesia's Lion Air is looking to fill "thin" routes with Bombardier Inc's C300 jets, as it challenges Malaysia's AirAsia in Southeast Asia's quick-growing market for budget travel.
Emirates Airline still in talks over 777X order
Emirates Airline has received an official offer from Boeing Co over a planned order of its upgraded 777X jet, though the head of the Dubai-based carrier said that the two sides still have to thrash out a number of issues, reported Dow Jones Newswires.
China Southern opens new freighter route
China Southern Airlines has launched a new freighter route to Los Angeles.
Judge suspends order for LAN to leave Argentine hangar
Chilean Latam Airlines Group's LAN Argentina unit won another reprieve from the Argentine government's order to vacate its hangar in the central Buenos Aires airport, reported Dow Jones Newswires.
Vietnam Air to buy 19 Dreamliners worth over $4b
Vietnam Airlines has agreed to buy 19 Boeing Co 787 Dreamliners valued at more than US$4 billion at list prices, according to people familiar with the matter.
Norwegian Air takes Dreamliner out of service after breakdowns
Budget airline Norwegian Air Shuttle is taking one of its brand new Dreamliners out of long-haul service and demanding that Boeing repair the plane after it suffered repeated breakdowns, reported Reuters.
| | Etihad Rail signs MoU with National Air Cargo
Etihad Rail, the developer and operator of the UAE's national railway network, announced the signing of a Memorandum of Understanding (MoU) with National Air Cargo, a leading freight solutions provider specialising in multimodal sea-to-air
Damco CEO to head Hapag-Lloyd
Hapag-Lloyd, Germany's biggest container shipping line, chose the head of A P Moeller-Maersk's freight-forwarding arm to succeed chief executive officer Michael Behrendt next year as the company attempts to steer its way out of an industry crisis,
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