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Brazil airline Gol to get $251 mln cash injection, trim routes

Posted By Tony Sanchez / , , / 0 Comments

February 27, 2016 Brazil’s second biggest airline Gol Linhas Aereas Inteligentes SA said it will get a cash injection of up to 1 billion reais ($251 million) and announced cuts to its routes and aircraft fleet in an effort to trim costs amid weak demand. Read More

IAG Reports 65 Percent Profit Growth For 2015

Posted By Tony Sanchez / Airlines / 0 Comments

February 26, 2016 IAG reported a 65 percent rise in annual profit at EUR€2.3 billion and said for 2016 it expected a further profit increase as it benefits from lower fuel costs. Read More

Air France Trims Voluntary Redundancy Target

Posted By Tony Sanchez / Uncategorized / 0 Comments

February 26, 2016 Air France has cut goals for voluntary redundancies following the recent softening of restructuring plans and now targets just over 1,600 departures by early 2017, a person close to the airline said. Read More

Nok Air Posts Net Loss, Hit By Pilot Shortage

Posted By Tony Sanchez / Airlines / 0 Comments

February 26, 2016 Thai budget carrier Nok Air has reported a net loss for a second consecutive year, hit by fierce competition, a shortage of pilots which forced it to curtail flights, and losses at joint venture NokScoot. Read More

Two Die In Nepal’s Second Plane Crash In Two Days

Posted By Tony Sanchez / Airlines / 0 Comments

February 26, 2016 Two people were feared dead after a small plane crashed in western Nepal on Friday, just days after 23 people were killed in a similar accident in the Himalayan nation. Read More

Emirates SkyCargo realigns U.S. operation

Posted By Tony Sanchez / Cargo Airlines / 0 Comments

February 26, 2016 Emirates SkyCargo has undergone a restructuring in its United States operations. Ed Chism, Emirates’ former cargo manager for North America, initiated the changes with his retirement; the company held a farewell party for him last week in New York. Read More

Crew to Attempt to Refloat Aurora Australis

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 26, 2016 P&O Maritime crew will try today to move the grounded icebreaker Aurora Australis off the rocks at West Arm in Horseshoe Harbour using the ship’s ballast system and work boats, according to the latest update from the Australian Antarctic Division. Read More

US Proposes Inspection of All Cargo Going In and Out of North Korea

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 26, 2016 The United States has tabled a draft UN Security Council resolution, backed by China, that, if adopted, would impose stronger set of sanctions against North Korea. Read More

TSB: Atlantic Erie Grounds due to Faulty Visual Navigation

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

February 26, 2016 The ineffective visual navigation led to the grounding of the 39,000 dwt bulk carrier Atlantic Erie, which occurred on January 11, 2015 in Îles de la Madeleine, Quebec, the Transportation Safety Board of Canada (TSB) reported. Read More

GasLog Predicts Busier LNG Shipping Market

Posted By Tony Sanchez / Cargo News / 0 Comments

February 26, 2016 Owner and operator of LNG carriers GasLog Ltd has undertaken a number of financial transactions in order to remain strong in light of a prolonged downturn in the LNG shipping industry. Read More