A Naval drone aircraft crashed on Maryland’s Eastern Shore on Monday without injuries or property damage on the ground, officials said. (June 11) By AssociatedPress Source: Youtube
IATA Reaffirms Forecast For Airline Profits
June 12, 2012 by
Global airlines are bracing for Europe’s debt crisis to worsen during the year, warning it would wipe out the benefit to the industry of lower fuel prices. The International Air Transport Association (IATA) left its 2012 global airline profit forecast unchanged at USD$3 billion, masking a widening gap between regions as only North and [...]
Malaysia Airports Mulls Bidding For Asian Projects
June 12, 2012 by
Malaysia Airports Holdings is looking to bid for new airport projects in Indonesia, China, and the Philippines, its chief executive said on Monday. “We are in initial discussion with them… (to bid for) maybe one airport in each country,” Tan Sri Bashir Ahmad told reporters on the sidelines of the IATA airline conference. Ahmad [...]
BAA Refinances London Airport Loans
June 12, 2012 by
British airports operator BAA said on Monday it had completed a GBP£2.75 billion (USD$4.24 billion) refinancing of its loan facilities for Heathrow and Stansted airports in London. BAA, owned by Spanish group Ferrovial, said the new deal was made up of GBP£2 billion in credit and GBP£750 million in standby facilities. The new credit [...]
American Air CEO Not Focused On Merger
June 12, 2012 by
American Airlines still plans to exit bankruptcy at the end of this year but is not concentrating on a merger currently despite pressure from unions to forge a combination with US Airways, American’s chief executive said on Monday. “We are not focused on a merger. Right now we are focused on a successful restructuring,” [...]
IATA Calls On EU To Defuse Emissions Row
June 12, 2012 by
Global airlines on Monday urged the European Union to defuse an international emissions row as a group of nations led by China, the United States and India kept up their opposition to EU plans to force carriers to join a carbon trading scheme. Europe has angered trading partners with its plan to make airlines [...]
Lufthansa Says China Freight JV Dissolved
June 12, 2012 by
Fresh evidence of strains in the air cargo market came on Monday when Lufthansa said a troubled Chinese freight venture was being wound up. The venture with China’s Shenzhen Airlines, in which Lufthansa holds a 25 percent stake, is being dissolved because of tough freight conditions in the world’s second-largest aviation market, Lufthansa chief [...]
JetBlue, Air China Plan To Partner
June 12, 2012 by
US discount carrier JetBlue Airways said on Monday it plans to partner with Air China on flights, its first such agreement with a China-based airline. The carriers said in a statement that they will initially offer connections between their networks at New York’s John F Kennedy airport and Los Angeles, allowing Air China’s US-bound [...]
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