Thai Forecasts Q4 Profit As Tourism Improves

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Published: October 28, 2014

Thai Airways is confident it will post a net profit in the fourth quarter due to an increase in advance bookings and a pick up in the tourism industry. Declines in global oil prices will help reduce the airline’s fuel costs, and other cost-cutting measures will, also be positive for its earnings during the October-December […]

KLM To Shed 7,500 Jobs – Report

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Published: October 28, 2014

KLM is planning to cut its workforce by 7,500 jobs or 25 percent, largely through outsourcing, according to a Dutch daily newspaper. The measure is expected to be announced at the release of quarterly earnings by parent Air France-KLM on Wednesday, the Algemeen Dagblad said, citing the head of De Unie, the union for airline […]

MH17 Prosecutor Open To Alternative Theory

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Published: October 28, 2014

Dutch prosecutors investigating the crash of Malaysia Airlines flight MH17 believe the aircraft might have been shot down from the air but that a ground-to-air missile attack is more likely, a senior prosecutor said in a German media interview. The Russian government has always said it has radar imagery proving the fully laden Boeing 777 […]

Malaysia Airports Could Sell Sabiha Gökçen Stake

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Published: October 28, 2014

Malaysia Airports may sell a minority stake in Istanbul’s Sabiha Gökçen airport after taking full ownership of the business, expected in coming months. Malaysia Airports Holdings (MAHB), which already owns 60 percent of Istanbul’s second airport, said last Thursday it was exercising its right to refuse a EUR€285 million (USD$ 360 million) offer from Turkey’s […]

Air Berlin To Cut 200 Additional Jobs

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Published: October 28, 2014

Air Berlin is cutting another 200 ground staff and admin jobs as part of its efforts to return to profit. The cut, mostly affect grounds crews and administrative workers, are to be carried out through attrition in 2015, a spokesman said. Air Berlin, 29-percent owned by Abu Dhabi-based Etihad, has already shed 900 jobs, or […]

Aena Listing Issues Resolved In ‘Next Few Days’

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Published: October 27, 2014

Spain’s economy minister Luis de Guindos said any issues over airport operator Aena’s public listing will be resolved in the next few days, after a newspaper reported it could be delayed due to a potential change in the operator’s auditor. The banks coordinating the stock market listing have warned the planned USD$ 10 billion listing […]

Flybe Talking To Airlines About Regional Routes

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Published: October 27, 2014

British regional airline Flybe is in talks with a number of European airlines about contracts to operate regional flights. Chief executive Saad Hammad said that Flybe was looking to expand the “white label” part of its business, where larger airlines outsource some domestic flights, freeing them up to focus on their long-haul routes. “Yes I […]

IAG Returns Fares To eDreams’ French, Spanish Sites

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Published: October 27, 2014

British Airways and Iberia are posting their fares again on the French and Spanish websites of online travel agency eDreams ODIGEO , after resolving a dispute over what is included in the prices displayed. Shares in eDreams were suspended on Friday after dropping 59 percent following an announcement by the two airlines that they would […]

Greybull Capital Buys UK’s Monarch

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Published: October 27, 2014

British travel booker and airline company Monarch has been acquired by investment firm Greybull Capital which will invest GBP£125 million (USD$ 201 million) into the company as it turns itself into a budget airline. Greybull took a 90 percent stake in Monarch, with the rest passing to its pension scheme. The agreement will help Monarch […]

eDreams Trading Suspended As IAG Withdraws Fares

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Published: October 25, 2014

Shares in online travel agency eDreams ODIGEO dropped 59 percent on the Madrid stock exchange on Friday after British Airways and Iberia said they were withdrawing their fares from three of its websites. Trading in the shares was later suspended by Spain’s stock market regulator. They last changed hands at EUR€1.023 each. The two airlines, […]

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