Air France-KLM Group said it expects a third-quarter loss as a result of lower passenger traffic and a “strong decline” in cargo revenue. “The deterioration in the economic environment during the third quarter has led to a slight weakening in passenger unit revenues and a strong decline in cargo revenue,” Air France said in the statement. Air France-KLM’s cargo traffic in December slumped 20.4 per cent from a year ago as its key Asia-Pacifi c market … [Read more...] about EUROPE & CIS: Air France see Q3 loss on lower pax cargo
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EUROPE & CIS: EADS drops US acquisition to save money
European aerospace group EADS said it had abandoned a “significant” acquisition in the US in order to conserve cash and support Airbus plane sales to crisishit airlines. The Airbus parent company is under pressure to offer financing to buyers to ensure they honour contracts. Both Airbus and rival Boeing saw new plane business roughly halve last year after a record 2007 as airlines faced first a record spike in oil prices and then a slump in passenger and cargo demand. … [Read more...] about EUROPE & CIS: EADS drops US acquisition to save money
EUROPE & CIS: Airbus tops Boeing deliveries in ’08
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists’ strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping … [Read more...] about EUROPE & CIS: Airbus tops Boeing deliveries in ’08
EUROPE & CIS: Possible Alitalia cargo sale nears
Alitalia’s bankruptcy administrator is close to selling the cargo unit of Italy’s former state-owned airline. Alitalia’s Extraordinary Administrator, Augusto Fantozzi has set a 29 January deadline for companies to make offers for the cargo unit’s five MD-11 freighters and its other assets. Th is will be followed immediately by a public tender. The cargo unit was not included in the US$1 billion acquisition of Italy’s national carrier by CAI, an Italian investor … [Read more...] about EUROPE & CIS: Possible Alitalia cargo sale nears
EUROPE & CIS: ‘New’ Alitalia takes to the skiesya
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmeddown Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airlinefiled for bankruptcy in August. “We’ve done it. There’s no turning back from the new Alitalia now and all the prophets of misfortune have been silenced,” said Labour Minister Maurizio Sacconi, whose government had made saving … [Read more...] about EUROPE & CIS: ‘New’ Alitalia takes to the skiesya
MIDDLE EAST: Etihad expands network to Turkey
Etihad Airways is expanding its European services with the addition of its latest new route to Istanbul in Turkey. Turkey’s commercial capital will initially be served four times a week from 2 June, expanding to five flights a week from October. The addition of Istanbul will bring to 13 the number of European cities served by Etihad. The new destination will increase the Abu Dhabi-based airline’s global flight network to 54 cities and follows confirmation that Etihad will also … [Read more...] about MIDDLE EAST: Etihad expands network to Turkey
