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Air Pacific cuts wages

: Latest News; Friday, 15 May 2009

Fiji’s Air Pacific says income for the first few months of this year has been hit by low cargo rates and low airfares. It has now announced a 10 per cent pay cut for staff to help offset a cash flow problem because of the decrease in income.

More cash for China Eastern

: Latest News; Thursday, 14 May 2009

China Eastern Airlines says it has received a Chinese government cash injection of two billion yuan (US$290 million dollars) to help it overcome “financial difficulties". The carrier already recently has received seven billion yuan from the state. It reported a net loss of 15.3 billion yuan last year.

Iberia-BA deal stalls

: Latest News; Thursday, 14 May 2009

Spanish carrier Iberia says it has delayed its planned merger with UK carrier British Airways after reporting a EUR92.6 million (A$166 million) first-quarter net loss and warning that it was unlikely to make a profit this year.

DHL wins two awards

: Latest News; Thursday, 14 May 2009

Express delivery and logistics firm DHL’s Global Customer Solutions (GCS) division has received two awards from the Strategic Account Management Association (SAMA) at its 45th annual conference in Florida, USA.

DOT backflips on slot auction plan

: Latest News; Thursday, 14 May 2009

The US Department of Transportation (DOT) has backed away from a plan to auction some airline slots at New York area airports.

Airbus confident about sector

: Latest News; Wednesday, 13 May 2009

Plane maker Airbus remains confident about the future of air transport and says although airfreight is down, it is not as badly affected as the passenger side of the business.

Chinese airfreight figures ‘better’

: Latest News; Wednesday, 13 May 2009

China’s Ministry of Transport's has released domestic airfreight figures showing air cargo and parcel post volumes improved in March after the government introduced stimulus measures including tax cuts and capital injection for state airlines.

Lufthansa topped 75 per cent at Austrian

: Latest News; Wednesday, 13 May 2009

Germany’s Lufthansa’s bid for Austrian Airlines succeeded with more than 75 per cent of shareholders accepting the carrier’s offer, according to the Austrian Takeover Commission. The European Commission has now set a June 17 deadline for a first-phase review of the deal.

JAL posts US$649 loss

: Latest News; Wednesday, 13 May 2009

Japan Airlines posted a group net loss of JPY63.2 billion (US$649 million) for the 12 months to end March. The loss was in contrast to last year's JPY16.9 billion profit.