IATA Sees 4.1 Percent Air Freight Annual Growth

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Published: October 22, 2014

The outlook for air freight demand is improving after several years in the doldrums, the International Air Transport Association said on Wednesday. The industry body said that international freight volumes, an indicator of global trade demand, are expected to increase at a compound annual growth rate of 4.1 percent over the next five years. “An […]

Boeing’s Q3 Profit Jumps 18 Percent

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Published: October 22, 2014

Boeing reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand. The company earned USD$ 1.36 billion for the third quarter ended September 30, up from USD$ 1.16 billion a year earlier. Revenue rose 7 percent to USD$ 23.78 billion. Commercial […]

China Approves USD$24.5 Bln Airport, Rail Projects

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Published: October 22, 2014

China has approved construction of five airports and three rail projects worth CNY150 billion yuan (USD$ 24.5 billion), the latest move to speed up infrastructure projects to boost growth. The commission approved the construction of five airports located in the northwestern provinces of Qinghai and Inner Mongolia, southwestern provinces of Yunnan and Guizhou and northeast […]

US Tightens Ebola Travel Safeguards

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Published: October 22, 2014

The United States has upped its safeguards against Ebola, requiring passengers from Liberia, Sierra Leone or Guinea to fly into one of five major airports conducting enhanced screening for the virus. Restrictions on passengers whose trips originated in the three West African countries were due to go into effect on Wednesday. The precautions stop well […]

Airbus Offers Longer Range Version Of A321neo

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Published: October 22, 2014

Airbus has begun offering airlines a long-range version of the A321neo, aimed at replacing the Boeing 757. “The long-range version of the A321neo will be the ideal 757 replacement with true transatlantic range, 25 percent lower fuel burn and true long-range comfort,” an Airbus representative told Reuters news agency. The new jet would fill a […]

Lufthansa To Sell IT Business

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Published: October 22, 2014

Lufthansa is close to selling its IT infrastructure division and completing an outsourcing deal with IBM, which will result in a EUR€240 million (USD$ 305.57 million) pre-tax charge in 2014. The deal, which is expected to close at the end of the first quarter of next year, will yield an average of EUR€70 million in […]

New York Airports Overhaul Takes Step Forward

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Published: October 21, 2014

A long-awaited overhaul of New York’s LaGuardia and John F Kennedy airports has moved a step closer to reality with the state and federal governments touting a sweeping plan to make over two of the busiest US travel hubs. The initiative, announced by New York Governor Andrew Cuomo and Vice President Joe Biden, envisions state-of-the-art […]

Airlines Offer Concessions To Settle EU Probe

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Published: October 21, 2014

Skyteam alliance partners Air France-KLM, Delta Air Lines and Alitalia have offered to give up slots at three airports and made other concessions to try to settle an EU antitrust investigation. The carriers found themselves in the European Commission’s sights in January 2012, after the EU competition authority said their alliance, involving profit-sharing and joint […]

Pilots Threaten More Strikes At Lufthansa

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Published: October 21, 2014

Lufthansa’s pilots’ union said it could call for further strikes this week if the German airline fails to resume negotiations over retirement benefits, heaping pressure on management as the eighth walkout this year continued. Lufthansa pilots began a strike at 13:00 local time on Monday on short-haul flights and widened that to include long-haul on […]

US Airlines Raise Fares By USD$2 On Average

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Published: October 21, 2014

Major US airlines have raised domestic one-way fares by USD2 on average since Thursday, marking the first industry wide increase in half a year. The increases suggest that airlines do not intend to pass along savings from the decline in jet fuel prices to their customers. The news may quell concern that airline revenue will […]

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