Ryanair In Second Round Of Bidders For Cyprus Airways

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Published: October 31, 2014

Ryanair’s CEO Michael O’Leary said the airline is in the second round of bidders to take over Cyprus Airways. O’Leary said his company would meet auditor KPMG on Friday in Cyprus, but did not know how the process of selling the loss-making airline, which is more than 90 percent-owned by the Cypriot government, would proceed. […]

Four Dead, Five Injured In Kansas Airport Crash

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Published: October 31, 2014

Four people were killed, including the pilot, and five injured when a small plane crashed into a building at Mid-Continent Airport in Kansas, setting off an explosion and a huge ball of fire. Officials said they had accounted for four people who had been listed as missing after the twin-turbo aircraft struck a building on […]

Spain Considering Suspending Aena IPO

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Published: October 30, 2014

The Spanish government is seriously considering suspending a planned initial public offering of airport operator Aena, a person with knowledge of the matter said. State-owned Aena had last week postponed releasing the prospectus for its planned stock market listing although official sources at the company had said the operation would likely be given the government’s […]

Bombardier Announces Third Quarter Profit

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Published: October 30, 2014

Bombardier Aerospace reported third quarter earnings before interest and taxes of USD$ 74 million, down from USD$ 86 million in 2013. Aerospace revenue was USD$ 2.6 billion out of a total of USD$ 4.9 billion. The company delivered 71 aircraft in the quarter, compared with 45 in the same period last year. The aerospace division […]

Lufthansa Cuts Profit Guidance For Second Time

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Published: October 30, 2014

Lufthansa has lowered its profit guidance for 2015 for the second time this year due to a stuttering global economy and increased competition. The airline reported higher than expected third-quarter results but said it expected its 2015 operating profit to be only “significantly above” the EUR€1 billion (USD$ 1.3 billion) seen for 2014, compared with […]

Ebola Fears Hurt East African Tourism

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Published: October 30, 2014

Tanzania’s Mount Kilimanjaro. East Africa’s Serengeti and Maasai Mara safari parks are as far if not further from the Ebola outbreak in the west of the continent than much of Europe which supplies the tourists, but you’d hardly guess that from the slump in bookings. In Tanzania and Kenya, tour operators say tented camps and […]

Mouse Hunt Delays Norwegian Flight To New York

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Published: October 30, 2014

Norwegian Air Shuttle, already plagued by flight delays on its long-haul routes, was forced to delay a flight to New York by five hours on Tuesday because of a hunt for a mouse in the cockpit. “The pilots discovered a mouse on flight deck,” spokeswoman Charlotte Holmbergh said on Wednesday. “We had to make sure […]

Myanmar Selects Consortium To Build New Airport

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Published: October 29, 2014

Myanmar has chosen a Japan-Singapore consortium to build its fourth international airport, a USD$ 1.5 billion project north of Yangon. Hanthawaddy Airport near Bago Town, about 96 km (60 miles) from the main airport in the commercial hub Yangon, will be undertaken by Yongnam-CAPE-JGC, a consortium that includes Singapore’s Yongnam, Changi Airport Planners and Engineers […]

Etihad, Alitalia Offer Concessions In Bid For EU Approval

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Published: October 29, 2014

Etihad and Alitalia have offered concessions in a bid to win European Union antitrust approval for the Abu Dhabi airline’s plan to acquire 49 percent of the struggling Italian carrier. The European Commission said on its website that it would decide by November 17 whether to clear the deal. It did not provide details of […]

Air France-KLM Profit Drops After Pilots’ Strike

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Published: October 29, 2014

Air France-KLM’s third-quarter operating profit fell 61 percent to EUR€247 million after a 14-day pilots strike cost the airline about EUR€416 million in lost revenue. Overall, the group’s revenue fell 6.7 percent in the third quarter to EUR€6.7 billion, while operating profit fell by EUR€394 million to EUR€247 million, the group said. On a like-for-like […]

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