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GasLog Ends 2018 with Record Earnings

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 14, 2019 Greece-based owner and operator of LNG carriers GasLog wrapped up 2018 with record annual and quarterly results, driven by strong spot earnings from the company’s vessels.  The company’s profit increased to USD 126.4 million in 2018 from USD 84.2 million posted a year earlier. In addition, revenues rose to USD 618.3 million in […]

Abu Dhabi’s Etihad Airways restructures Airbus, Boeing jet orders

Posted By Tony Sanchez / Airlines / 0 Comments

February 14, 2019 Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders. The Abu Dhabi-owned airline said in a statement that it has committed to take delivery of five Airbus A350-1000s and […]

Emirates agrees with Airbus to reduce A380 order, to buy other jets

Posted By Tony Sanchez / Airport / 0 Comments

February 14, 2019 Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets. Emirates also said it had signed an new deal with Airbus for 40 A330-900s and 30 A350-900s worth $21.4 billion. Emirates, the largest A380 customer, will take […]

Copa Airlines expects Brazil, Argentina markets to remain weak in 2019

Posted By Tony Sanchez / Airlines / 0 Comments

February 14, 2019 Panama’s Copa Holdings said on Thursday it expects Argentina and Brazil, two of its largest markets, to remain weak in 2019. Executives said in a conference call with analysts that ticket sales in Argentina had dropped by 40 percent in 2018, as the South American nation faced a deep recession. Source: (Reuters)

Singapore Airlines third-quarter profit falls 27 percent but demand grows

Posted By Tony Sanchez / Airlines / 0 Comments

February 14, 2019 Singapore Airlines Ltd on Thursday reported a 27 percent fall in third-quarter net profit but beat expectations as revenue growth helped offset higher fuel costs. The airline is in the second year of a three-year transformation plan designed to cut costs and boost revenue to better compete against Chinese, Middle Eastern and […]

Airbus A380: from European dream to white elephant

Posted By Tony Sanchez / Aircraft Engine Manufacturer / 0 Comments

February 14, 2019 Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales. The decision to halt production of the A380 superjumbo is the final act in one of Europe’s greatest industrial adventures and […]

Maersk Signs Compliant Fuel Deal with PBF Logistics

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 14, 2019 Danish shipping major Maersk has signed an agreement with PBF Logistics, which would deliver 10% of its annual fuel demand ahead of the International Maritime Organization’s (IMO) 2020 global sulphur regulation. Under the deal, Maersk would source and PBFX would process crude oil at CPI Operations LLC, a PBF Logistics LP terminal facility […]

Boeing delivers 46 jets in January

Posted By Tony Sanchez / Aircraft Manufacture / 0 Comments

February 13, 2019 Boeing Co delivered 46 aircraft in January, up from 44 a year earlier, as the world’s biggest planemaker gears up for another year of record sales amid booming demand from the airline industry. The company said on Tuesday it won 43 net orders last month, beating European rival Airbus SE, which did […]

EU clears Air France-KLM, Delta, Virgin group deal over Virgin Atlantic

Posted By Tony Sanchez / Airlines / 0 Comments

February 13, 2019 EU antitrust regulators on Tuesday cleared Air France-KLM, Delta Air Lines and Virgin Group to acquire joint control over Virgin Atlantic, saying they did not see any competition concerns. The deal involves Air France-KLM buying 31 percent of Virgin Atlantic from Richard Branson’s Virgin Group, giving it joint control of the airline […]

LATAM Cargo flies 9,000 tonnes of flowers for Valentine’s Day

Posted By Tony Sanchez / Airlines / 0 Comments

February 13, 2019 LATAM Cargo has carried more than 9,000 tonnes of flowers in time for Valentine’s Day, flying to the US, Netherlands and China and other destinations. During the four weeks preceding Valentine’s Day, LATAM Cargo transported flowers from Bogota and Medellin in Colombia and from Quito in Ecuador to markets in North America, […]