Russia’s new state-run airline – Russian Airlines, known locally as Rosavia – has solicited offers from Boeing and Airbus for the 65 narrow body planes it plans to buy in the next few years, Reuters reported. Russian Airlines is being created by the state to absorb several carriers crippled last year by the financial crisis and high fuel prices. … [Read more...] about Russian Airline & Rosavia
financial crisis
Dubai Airport sees only slight cargo drop
While much of the world is still reeling from the sharp decline in cargo volumes, Dubai International Airport has recorded only a small decline in cargo throughput of 0.76 per cent for the first six months of this year compared with the same period last year. And, it is likely to end the year on the same levels as last year, a senior executive of Dubai Airports said. In the first half of 2009, the airport moved 874,828 tonnes of cargo compared to 2008 when it handled 1.83 million tonnes of … [Read more...] about Dubai Airport sees only slight cargo drop
Russian Airline & Rosavia
Russia’s new state-run airline – Russian Airlines, known locally as Rosavia – has solicited offers from Boeing and Airbus for the 65 narrow body planes it plans to buy in the next few years, Reuters reported. Russian Airlines is being created by the state to absorb several carriers crippled last year by the financial crisis and high fuel prices. … [Read more...] about Russian Airline & Rosavia
UPS CEO warns against protectionism
Fresh from announcing a 56 per cent plummet in first quarter earnings, UPS CEO Scott Davis warned that protectionist moves would seriously danger the fragile global economy. “UPS will emerge from these difficult times as a more efficient and finely-honed enterprise,†said Davis. He added: “In this worldwide recession, no one should lose focus on global trade. It is one of the most important tools we have to lift us out of this financial crisis. The fragile economic … [Read more...] about UPS CEO warns against protectionism
China : China’s industrial output hits 6-year low
China’s industrial growth in September hit a six-year low at 11.4 per cent from a year ago, with economists anticipating further declines, the South China Morning Post reported. The figure, which was below the 12.8 per cent recorded in August, was a result of a manufacturing ban for factories near Beijing in the runup to the Olympic Games, as well as slackening global demand due to the US financial crisis. While industrial output may recover somewhat for the rest of the year, now that … [Read more...] about China : China’s industrial output hits 6-year low
China : China's industrial output hits 6-year low
China’s industrial growth in September hit a six-year low at 11.4 per cent from a year ago, with economists anticipating further declines, the South China Morning Post reported. The figure, which was below the 12.8 per cent recorded in August, was a result of a manufacturing ban for factories near Beijing in the runup to the Olympic Games, as well as slackening global demand due to the US financial crisis. While industrial output may recover somewhat for the rest of the year, now that … [Read more...] about China : China's industrial output hits 6-year low
