BTN News

Qantas downplays Satyam effect

: BTN News; Friday, 09 January 2009

Indian IT outsourcer Satyam has admitted to inflating profits for seven years, enveloping the firm in a global scandal that is being likened to Enron.

Continental trials biofuel

: BTN News; Friday, 09 January 2009

US carrier Continental Airlines has flown a Boeing 737 twin-engine jet powered partly by algae and weed on a test flight over its Houston base.

Aer Lingus-Ryanair spat escalates

: BTN News; Friday, 09 January 2009

Aer Lingus management has told rival Ryanair that its takeover bid fundamentally undervalues the state airline, ignores its “robust financial position”, “ignores substantial competition issues” and is not capable of completion.

BA talks up Oneworld threat

: BTN News; Friday, 09 January 2009

In a development that would affect Australia’s Qantas, British Airways chairman Martin Broughton has warned that the viability of the airline marketing alliance Oneworld could be at risk if US regulators refuse to approve BA’s proposed bilateral deal with American Airlines.

Australia a quarter of UK flight searches

: BTN News; Friday, 09 January 2009

As the UK pound struggles against the euro, US dollar and other currencies, Australia has done better than most destinations showing a downturn in UK internet searches for flights.

Cathay hit by hedging

: BTN News; Friday, 09 January 2009

Shares in Hong Kong’s Cathay Pacific Airways fell on Thursday after it said it could lose nearly US$1 billion from hedging its jet fuel costs.

Air France for Alitalia?

: BTN News; Friday, 09 January 2009

Reborn Italian carrier Alitalia's board is expected to meet next week and approve the sale of a minority stake in the airline to Europe’s Air France-KLM.

Saga to cover airline failure

: BTN News; Thursday, 08 January 2009

As northern winter airline travel figures fall further than usual, UK insurer Saga Travel Insurance (STI) is to cover airline collapses for its over-50s ‘independent traveller’ customers. (As in Australia, those who book flights as part of a package holiday already are protected by a compensation scheme.)

Thailand making gains

: BTN News; Thursday, 08 January 2009

Thailand claims the country is making a good recovery after the country’s Bangkok airports blockade ended early December.

Garuda adds Adelaide service

: BTN News; Thursday, 08 January 2009

Indonesia’s Garuda Indonesia will introduce a new Adelaide service this year after it takes delivery of 14 new Boeing 737 new generation jets which will be deployed on 20 new routes.