The Lufthansa Group reported preliminary full-year financial results and said it expects full-year earnings attributable to shareholders to soar nearly 77 percent to 800 million euros (US$1.05 billion) from the 453 million euros net profit posted in 2005. Detailed results will be released on March 8. … [Read more...] about The Lufthansa Group
Airports
Thai Airways
Thai Airways said it will buy eight A330-200s to cover a shortfall in capacity resulting from the A380 delays. The airline will receive its A380s in 2011 instead of 2009. … [Read more...] about Thai Airways
Yusen Air & Sea Service
Yusen Air & Sea Service said it has opened a new branch in Brisbane. It is Yusen's third base in Australia after Sydney and Melbourne. … [Read more...] about Yusen Air & Sea Service
Suvarnabhumi Airport
An investigative panel in Thailand has filed criminal charges against four companies, who were involved in procuring an over-priced baggage handling system for the new Suvarnabhumi Airport. The companies are Italian-Thai development, Takenaka, Obayashi and Quatrotec. … [Read more...] about Suvarnabhumi Airport
Shorthauls
EUROPE: FastShip issues tender for cargo capacity
US-based FastShip, Inc., in partnership with industry consultants Triangle Management Services, has issued an open invitation to bid on cargo capacity on a planned new cargo service between the ports of Philadelphia and Cherbourg in France. In a statement, the company said that its JetShip service will fill the untapped middle market in the shipping industry between air and sea freight, enabling door-to-door delivery time that is comparable to standard air freight at half the cost. … [Read more...] about EUROPE: FastShip issues tender for cargo capacity
