Lufthansa Signs IT Outsourcing Deal With IBM

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Published: November 18, 2014

Lufthansa has awarded IBM an outsourcing contract worth EUR€1 billion (USD$ 1.25 billion) that will see the US company take over the airline’s information technology infrastructure services division and staff. The move is part of plans by Lufthansa to restructure and cut costs as it seeks to compete with fast-growing rivals in Europe and the […]

Malaysia Airlines Delays Q3 Results

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Published: November 18, 2014

Malaysia Airlines has delayed the release of its third-quarter results to November 28 to allow time to include more details. The state-run company was scheduled to report results for the July-September period on Tuesday, its last set of earnings before going private. The third quarter would have been one of its worst ever quarters as […]

easyjet Full Year Profit Jumps 21.5 Percent

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Published: November 18, 2014

British low-cost airline easyJet reported a 21.5 percent rise in pretax profit to GBP£581 million (USD$ 909 million) for the year ended September 30. The airline said it would lift its ordinary dividend per share by 35.5 percent to 45.4 pence, in line with a proposal made earlier this year to reward shareholders with a […]

Air France-KLM To Allow Alitalia Stake To Be Diluted

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Published: November 18, 2014

Air France-KLM plans to allow its stake in Alitalia to be diluted after Etihad Airways secured European Union approval to acquire 49 percent of the loss-making Italian airline. The deal with Etihad is part of a EUR€1.76 billion (USD$ 2.2 billion) rescue plan for Alitalia, which doubled its net loss to EUR€569 million last year, […]

Air Cote d’Ivoire Picks Airbus

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Published: November 18, 2014

Ivory Coast’s national carrier Air Cote d’Ivoire has selected Airbus to renew and expand its fleet after talks last month with the European plane maker and Canada’s Bombardier. The company was launched last year and serves 19 destinations in West Africa with its fleet of four leased aircraft – three Airbus A319s and an Embraer […]

Airbus To Build New Beluga Transporter

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Published: November 18, 2014

An Airbus current generation Beluga transporter. Airbus will build a new fleet of the outsized cargo planes it uses to transport aircraft sections between its key European factories. The five new aircraft, based on the A330 passenger plane, will replace the current A300-based model, nicknamed Beluga after the bulbous shape of its expanded fuselage. The […]

Jetstar Counts Cost Of Delayed Hong Kong Launch

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Published: November 18, 2014

Jetstar Hong Kong has sold six of its nine new Airbus A320s and many of its pilots have either quit or been redeployed – all before the budget airline’s first commercial flight. Nearly 18 months after the low-cost carrier, backed by Australia’s Qantas and Shanghai-based China Eastern Airlines, lodged an application for a license, Hong […]

Russian Airlines Face Losses Over Ukraine Crisis

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Published: November 18, 2014

Russian airlines are facing a drop in passenger numbers because of the Ukraine crisis, prompting some observers to expect fleet reductions and possible state support next year to cope with deepening losses. The economy is teetering on the brink of recession, the ruble has shed almost 30 percent of its value this year and the […]

Toulouse Airport Stake Sale Decision In A Month

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Published: November 17, 2014

France will make a decision on the sale of a minority stake in Toulouse-Blagnac airport in southwestern France “in about a month”, Economy Minister Emmanuel Macron said. Three groups remained in the running for the stake as of November 4: construction and concession company Vinci, together with CDC Infrastructure and EDF Invest; Paris airports operator […]

Armed Clashes Force Tripoli Airport Closure

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Published: November 17, 2014

Armed clashes broke out in Libya’s capital Tripoli closing the city’s main working airport, local residents and an official said. Tripoli has been mostly calm since the Libya Dawn force, an armed faction allied to the city of Misrata, took over the capital in the summer and set up its own government in rivalry to […]

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