Brazil airline Gol says Q4 profit halved as Boeing MAX grounding continues

Posted By Tony Sanchez / Airlines / 0 Comments

February 21, 2020  Brazilian airline Gol, Boeing Co’s largest Latin America customer, said its profit almost halved to 352 million reais ($80.37 million) in the fourth quarter as its MAX fleet remained grounded after two deadly crashes. Overall Gol, which made a profit of 675 million reais in the fourth quarter of 2018, posted a […]

Emirates SkyCargo’s Chinese mainland freighter sees strong demand

Posted By Tony Sanchez / Airlines / 0 Comments

February 21, 2020  Emirates SkyCargo is seeing good demand for the import and export of cargo into the Chinese market, as China reopens for business after the Lunar New Year holidays. The air cargo carrier operates freighter services to Guangzhou (CAN) and Shanghai (PVG), having resumed these scheduled services after a planned hiatus over the […]

Finnair cancels mainland China flights until the end of winter

Posted By Tony Sanchez / Airlines / 0 Comments

February 21, 2020 Finnair will cancel its flights to Beijing Capital Airport and to Shanghai during March 1-28, 2020 (until the end of the winter season), as the coronavirus situation has led to a temporary decline in air travel between China and Europe. Finnair will also cancel one of its double daily flights to Hong […]

Coronavirus infects airlines with potential $29.3 billion loss

Posted By Tony Sanchez / Airlines, Coronavirus / 0 Comments

February 21, 2020 The International Air Transport Association (IATA) announced that its initial assessment of the impact of the Novel Coronavirus 2019 outbreak (COVID-19) shows a potential 13% full-year loss of passenger demand for carriers in the Asia-Pacific region with a potential hit on airlines’ bottom-lines of $30 billion.With fewer passenger planes flying, cargo carried […]

MOL, DSME Join Forces on Cutting FSRUs’ Environmental Impact

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 21, 2020 Japanese shipping major Mitsui O.S.K. Lines has entered into an agreement with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering to jointly develop a new technology to reduce environmental impact for Floating Storage and Regasification Units (FSRU). This new technology named ‘Cryo-Powered Regas’ is aimed at enabling the utilization of the LNG cold […]

Clarkson Acquires Spanish Shiproker Martankers

Posted By Tony Sanchez / Logistics Company / 0 Comments

February 21, 2020 Clarkson Overseas Shipbroking, part of UK shipping services provider Clarksons, has acquired 100% of the issued share capital of Spanish shipbroker Martankers. Founded in 1989, Martankers specializes in the transportation of bulk liquid cargoes and liquefied gases. It has a primary focus on the European markets, but also boasts a considerable global […]

Iran won’t hand over ‘damaged’ black box of Ukraine plane: ministers

Posted By Tony Sanchez / Air Accident / 0 Comments

February 19, 2020 The black box of a Ukrainian passenger plane accidentally shot down over Iran last month is damaged but Iran will not hand it over to another country despite pressure for access, top Iranian ministers said on Wednesday, according to state media. Canadian Prime Minister Justin Trudeau said last week he had “impressed […]

Air France faces new strikes over domestic network cuts

Posted By Tony Sanchez / Airlines / 0 Comments

February 19, 2020 Air France unions have called for strikes at its domestic carrier Hop as pilots seek improved pay and conditions and ground staff press for job guarantees, union officials said. The strike calls, reported earlier by French news site La Tribune, pose a new challenge to plans by Air France-KLM Chief Executive Ben […]

Kuwaiti parliament to investigate Airbus aircraft orders

Posted By Tony Sanchez / Aircraft Engine Manufacturer / 0 Comments

February 19, 2020 Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s (AIR.PA) aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported. Governments and airlines around the world have launched their own investigations after Airbus on Jan. 31 reached a record $4 billion […]

Exclusive: India antitrust investigators see no evidence of collusion by IndiGo, SpiceJet and others – sources

Posted By Tony Sanchez / Airlines / 0 Comments

February 19, 2020 Investigators with India’s antitrust watchdog have found no evidence that the country’s biggest airline, and four rival carriers colluded to fix ticket prices. The Competition Commission of India (CCI) in 2015 ordered a probe into allegations of anti-competitive practices after similar fares were being offered on certain routes by IndiGo, SpiceJet, GoAir, […]