Airlines
The airline industry is showing signs of hope as major carriers Delta Air Lines, UAL Corporation, and Continental Airlines rise in early trading. Delta CFO Hank Halter emphasizes the importance of maintaining flat capacity, even if a modest recovery occurs in 2010. He predicts a 1% to 2% capacity increase
Airlines
Air France recently became the first European airline to commercially operate the A380, a massive aircraft capable of carrying 840 passengers on a single flight. The airline is using the plane on its Paris to New York route, joining a select group of carriers that have received the A380, including
Airlines
Malaysia Airlines (MAS) has made it easier for air travellers to purchase travel insurance online by opening up MHinsure to Malaysians, Singaporeans, and Australians. The national carrier aims to see over 70% growth in premium sales by the end of next year. With the launch of MHinsure in Malaysia last
Airlines
Brazilian airline Azul, alongside industry heavyweights Azul, Amyris Biotechnologies, Embraer, and General Electric, announced a joint project to evaluate the technical and sustainability aspects of Amyris' renewable jet fuel by 2012. This innovative collaboration aims to accelerate the introduction of a renewable jet fuel that could significantly lower greenhouse-gas
Airlines
The global aviation industry is experiencing a mix of challenges and opportunities as Asian and Middle Eastern airlines continue to expand their fleets, despite the ongoing global financial crisis. Airbus and Boeing, the two largest aircraft manufacturers, are taking a cautious approach, with Airbus expecting to deliver 483 aircraft this
Airlines
A decade-long deadlock in insurance claims linked to the Exxon Valdez oil disaster and the first Gulf war is set to be broken following a landmark High Court ruling in the UK. The court has cleared the way for unlisted reinsurance company Equitas to use mathematical modeling to prove its
Airlines
Warren Buffett recently stated that the global financial panic that occurred last year is over, despite the US economy's ongoing struggles. Meanwhile, other prominent companies and leaders have shared their perspectives on market recovery and stability. [1] Disney's strong cable business results helped offset a disappointing
Airlines
Despite combined losses from Royal Bank of Scotland (RBS) and British Airways (BA) reaching £1.79 billion in the first six months of the year, investors attempted to find solace in the market. The FTSE 100 index saw a slight increase of 10.49 to 5136.13, thanks in part
Airlines
Ryanair's outspoken CEO, Michael O'Leary, has given Boeing an end-of-year deadline to finalize an order for 200 aircraft, warning that the carrier will end its relationship with the US planemaker if an agreement is not reached. This threat could lead to curbed growth, higher fares for
Airlines
Canadian authorities have accused British Airways of participating in a cartel that fixed prices on Canadian air cargo, resulting in undue reduction of competition. The airline admitted to fixing surcharges on certain international air cargo routes from Canada between April 2002 and February 2006. As part of an investigation by
Airlines
Cabin crew members at British Airways are on the verge of a strike, a move that could cause significant disruptions during the peak holiday season. Unite, the largest union representing BA staff, is set to ballot its 14,000 members on whether to take industrial action. The union's
Airlines
A near-miss incident between a Presidential helicopter and an Air India plane at Mumbai's Chhatrapati Shivaji International Airport in February revealed serious lapses in airport safety protocols. An investigation by a three-member committee, led by Director General of Civil Aviation S N A Zaidi, found that the Indian
