Airlines hit out at proposed US aviation tax
US carriers are estimating the new aviation departure tax proposed by the Obama administration will cost each airline approximately $100 million every year. As the world slips towards another reces...
US carriers are estimating the new aviation departure tax proposed by the Obama administration will cost each airline approximately $100 million every year. As the world slips towards another reces...
Shares in AMR Corp, parent of American Airlines, closed down 33% yesterday as fears spread the airline was facing bankruptcy. The company has denied rumours it is seeking bankruptcy protection but ...
Boeing's 747-8 will enter service by the middle of this month after an October 12 delivery date was agreed by Cargolux. Last month the delivery was cancelled at the eleventh hour after a fuel-burn dis...
Kingfisher, unable to secure meaningful investment pledges after a two-year roadshow has this week bowed to the inevitable: cut back aspirations, cut back low cost plans and pump more of that beer mon...
Tony Tyler, director general and chief executive of the International Air Transport Association (IATA) has warned the airline industry of tough times ahead and described the slowdown in the European a...
The row over company strategy between easyJet’s board and Sir Stelios Haji-Ioannou has taken an unexpected turn, with its founder and largest shareholder telling the board yesterday that he “intends t...
Singapore-listed low cost carrier Tiger Airways Holdings said it has signed a deal to buy a 33% equity stake in Indonesia's PT Mandala Airlines. The restructured airline is due to fly soon after the a...
Airbus parent company, European Aeronautic, Defence & Space (EADS) has sought to reassure investors that lenders and leasing companies aren’t retreating from the aircraft financing market. CFO Hans ...
The state-run Indian oil marketing companies (OMCs) have extended Air India’s credit limit by two to three months. The government has guaranteed the limit. Previous Air India was on a cash and carry b...
IATA Premium Traffic Monitor reports June premium traffic up 6.4% with economy traffic up 4.8% year-over-year. However, the aviation body warned that the level and growth rates have fallen back from l...
Airline stocks rose for a second day yesterday, as oil prices fell back below $87 a barrel on concerns about the German economy. This was after oil leapt on Monday following better than expected US fa...
Eastern Express, the first domestic passenger airline in the UAE, will begin operations during the first quarter of 2012 out of Fujairah International Airport. The airline will fly twice daily from Fu...
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