EC approves GKN/Volvo Aero deal
GKN has been given the go-ahead to acquire Volvo Aero, the aero-engine division of Volvo AB. The deal was announced in July pending regulatory approval. “The European Commission's investigation showe...
GKN has been given the go-ahead to acquire Volvo Aero, the aero-engine division of Volvo AB. The deal was announced in July pending regulatory approval. “The European Commission's investigation showe...
Pratip Chaudhuri, chairman of the State Bank of India (SBI) has stated that a quick solution to Kingfisher Airline’s debt problem was unlikely. SBI currently has a Rs 1,500 crore exposure in the Rs 8,...
Chinese carriers have all increased fuel surcharges on their domestic routes. Routes below 800 km incur a 70 yuan surcharge, up from 50 yuan. Longer routes exceeding 800 km increased from 100 yuan to ...
China Eastern Airlines Corp plans to boost capacity by 10% in the second half of 2012 as it grows its fleet and introduces more international services. The Shanghai-based airline expanded passenger ca...
Singapore Airlines (SIA) has formally launched its In-Flight Connectivity as part of a US$50 million programme to bring Internet and mobile data services to customers, even when flying at 35,000ft. Fo...
Bankruptcy judge Sean H Lane has thrown out the Allied Pilots Association’s contract for American Airlines pilots, dismissing its claim that because American is operating well financially than when it...
Net profit at Aeroflot fell by 98% during the first half of this year to just $7.1 million, compared to $376.8 million posted during the same period a year ago. The consolidation of the four airlines ...
Golden Myanmar Airlines is planning to sell shares in its parent company this month. Once the airline begins operating in early 2013, it plans to fly from Mandalay International Airport to several int...
Korean Aerospace Industries has rejected a bid by Korean Air to buy a stake worth KRW1.05 trillion ($926 million) even though the airline was the only bidder. KAI shareholders will now need to decide ...
Kenya Airways has confirmed that 126 out of 600 targeted employees have agreed to accept voluntarily redundancy as part of its plan to reduce costs. A temporary ban on job cuts at the carrier was rec...
Technical issues concerning fire protection installations at the new Berlin Brandenburg Airport (BER) have caused the opening of the airport to be delayed further until the end of October 2013. BER wa...
British Airways has signed up for a new passenger revenue accounting solution devised by Amadeus that will modernise and fully automate its revenue accounting processes from 2014. "The removal of pape...
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