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Duo ready for China’s biggest cargo partnership

: Latest News; Friday, 30 October 2009

China’s Air China and Cathay Pacific Airways will set up China's biggest cargo joint venture in Shanghai next year.

Air China will hold 51 per cent in the venture and Cathay Pacific will take the balance. The two carriers will provide the venture with 10 Boeing 747-400 jets.

Lufthansa warns on full-year result

: Latest News; Friday, 30 October 2009

Germany's Lufthansa says Q3 net profit rose to EUR184 million from EUR148 million a year earlier but that it expects a full year passenger business loss.

Atlas delays freighter deliveries

: Latest News; Friday, 30 October 2009

Atlas Air Worldwide Holdings, the parent company of freight carriers Atlas Air and Polar Air Cargo, has rescheduled the delivery of three of 12 B747-8 Freighters it has on order. The company initially was scheduled to take six aircraft in 2010 and the balance in 2011, but now has rescheduled three into 2012 and 2013 because of the economic downturn.

American hires bankers

: Latest News; Friday, 30 October 2009

American Airlines has hired banking group Rothschild and its Japanese associate, Global Advisory Japan, to advise it on a move to forge a closer alliance with Japan Airlines. American and rival Delta are both pursuing the loss-making JAL ahead of the Japanese government’s soon-to-be-announced restructuring plan for the carrier.

Chinese threaten to pull out of Europe

: Latest News; Friday, 30 October 2009

Chinese airlines are threatening to cancel European services if the European Union goes ahead with its emissions trading scheme, China Daily says.

BA ‘close’ to Iberia deal

: Latest News; Friday, 30 October 2009

UK carrier British Airways says it is ready to challenge competition concerns raised by European Union regulators about its planned alliance with American Airlines and Spain’s Iberia and ceo Willie Walsh also has signalled he believes the BA-Iberia merger is very close.

BAA books GBP225 million Gatwick loss

: Latest News; Thursday, 29 October 2009

BAA, the UK airports owner that sold London Gatwick airport to Global Infrastructure Partners last week for GBP1.51 billion, says it booked a GBP225 million loss on the deal. BAA had valued the airport for accounting purposes at GBP1.735 billion.

Northwest pilots lose licences

: Latest News; Thursday, 29 October 2009

The USA’s FAA administrator has revoked the licences of the two Northwest Airlines pilots who said they were studying schedules when they flew 150 miles past their destination, Minneapolis International Airport, before circling back to land.

ACCC targets Thai Airways

: Latest News; Thursday, 29 October 2009

The Australian Competition and Consumer Commission (ACCC) has alleged that between 2001 and 2006, Thai Airways International entered into arrangements or understandings with other international air cargo carriers in specific countries that had the purpose or effect of fixing the price of fuel surcharges and security surcharges.

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Duo ready for China’s biggest cargo partnership

: Latest News; Friday, 30 October 2009

China’s Air China and Cathay Pacific Airways will set up China's biggest cargo joint venture in Shanghai next year.

Air China will hold 51 per cent in the venture and Cathay Pacific will take the balance. The two carriers will provide the venture with 10 Boeing 747-400 jets.