Qantas Posts Record AUD$2.8 Bln Full-Year Loss

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Published: August 28, 2014

Qantas Airways on Thursday reported its biggest financial loss ever after taking a AUD$ 2.6 billion (USD$ 2.4 billion) write-down due to a company restructure that includes a re-valuation of its fleet. Australia’s flag carrier attempted to reassure investors after a turbulent few years, saying the worst was now behind it and that it expected […]

More Earthquakes Jolt Icelandic Volcano

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Published: August 27, 2014

Two earthquakes measuring more than magnitude 5 hit Iceland’s Bárðarbunga volcano overnight and overall seismic activity remained high, the country’s Meteorological Office said on Wednesday. The rumblings at Iceland’s largest volcano system have raised worries of an eruption which could spell trouble for air travel. In 2010, an ash cloud from the Eyjafjallajökull volcano closed […]

UK To Give Airlines 26.4 Million CO2 Permits

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Published: August 27, 2014

Britain will hand its airlines 6.6 million free carbon allowances a year to help reduce the cost of meeting their obligations under Europe’s Emissions Trading Scheme (ETS) from 2013-2016. The European Union’s ETS caps the emissions of over 12,000 power plants, factories and airlines, requiring them to surrender one carbon permit for every tonne of […]

Ryanair To Make Non-Binding Offer For Cyprus Air

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Published: August 27, 2014

Ryanair has moved a step closer to making an offer to buy Cyprus Airways and may make a firm offer early next year if this is approved by the Cypriot government. The airline’s decision follows a meeting between Ryanair chief executive Michael O’Leary last Friday with the Cypriot government, which owns more than 90 percent […]

Dispute Over Reclining Seat Causes Flight Diversion

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Published: August 27, 2014

A midair argument between two passengers over the use of a device that stops the seat in front from reclining caused a Newark-Denver flight to be diverted to Chicago over the weekend. One of the passengers on Sunday’s United Airlines flight had used a Knee Defender, a small wedge-like gadget that clips to the passenger’s […]

ICAO To Trial Risk-Warning Plan For Airlines

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Published: August 27, 2014

The ICAO will launch two pilot projects designed to help airlines and states better share information about risks in conflict zones. The plans were announced at the conclusion of a two-day meeting by the UN’s International Civil Aviation Organization’s special task force on flights in conflict zones, which has been given the complex task of […]

Air China’s H1 Net Profit Slides 58 Percent

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Published: August 26, 2014

Air China’s first-half net profit fell 58 percent, weighed down by a depreciating yuan that increased financial costs. Air China said net income fell to CNY474.4 million yuan (USD$ 77 million), compared with the CNY1.12 billion it booked for the same period a year ago. The Beijing-based carrier said foreign exchange net losses for the […]

Icelandic Volcano Struck By Biggest Earthquake Yet

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Published: August 26, 2014

A magnitude 5.7 earthquake hit Iceland’s Bárðarbunga volcano overnight, the biggest since tremors began 10 days ago, but there is still no sign of an eruption, the country’s Meteorological Office said. Intense seismic activity at Iceland’s largest volcano system has raised worries that an eruption could cause another ash cloud like that from the Eyjafjallajökull […]

Cyprus Airways Non-Binding Proposals By Aug 29

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Published: August 26, 2014

Cyprus is seeking non-binding proposals by August 29 to take over national carrier Cyprus Airways, the island’s transport minister said. The government wants a strategic investor to take over Cyprus Airways, a state-controlled airline which has been making losses for years. Ryanair and Greece’s Aegean are among firms which submitted non-binding expressions of interest last […]

Qantas, Virgin Australia Allow Smartphones Throughout Flights

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Published: August 26, 2014

Qantas and Virgin Australia passengers can use smartphones and tablets throughout flights from Tuesday after the aviation regulator relaxed a ban on electronic devices on aircraft. The airlines said they would start letting passengers use personal electronic devices for the duration of their flight after Australia’s Civil Aviation Safety Authority followed a similar ruling from […]

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