Archive

CSDC In for Stronger 2015 Profit

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February 1, 2016 Shanghai-based shipping company China Shipping Development Co (CSDC) expects a positive profit for 2015 in light of a strong tanker shipping market, the company said. Read More

Ryanair Says Profit To Weather Softer Fares

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February 1, 2016 Ryanair forecast record passenger numbers will enable it to hit its annual profit target, despite falling ticket prices due to security alerts in Europe. Read More

Dubai Airport 2015 Traffic Up 10.7 Pct

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February 1, 2016 Dubai Airport remained the world’s busiest for international passengers in 2015 as traffic grew 10.7 percent, boosted by the addition of new airlines and routes. Read More

Brazil Considers Lifting Limits On Airline Ownership

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February 1, 2016 The Brazilian government is considering removing limits to the foreign ownership of local airlines to attract investment to the struggling sector, Valor Economico reported on Monday. Read More

Cambodia’s 2015 airfreight demand led by garment industry

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February 1, 2016 While China and Thailand struggled economically last year, Cambodia bucked the odds with the volume of airfreight shipments to and from the country increasing 14 percent, year-over-year, in 2015, according to The Phnom Penh Post. Khek Norinda, communications director for Cambodia Airports, which manages the kingdom’s three international airports, was quoted as […]

UN reignites lithium battery debate

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February 1, 2016 A few months after the International Civilian Aviation Organization (ICAO) gave conflicting recommendations about a proposed industry-wide ban on the transport of lithium batteries as cargo on passenger flights, the debated has roared back to life after a United Nations panel recommended the same kind of ban on shipments of the rechargeable […]

Iran Air makes post-sanction Airbus purchase

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February 1, 2016 After being forced out of the aviation arena for nearly four decades due to United Nations sanctions, Iran Air has made a bold statement with an order for 118 Airbus aircraft, now that sanctions have been lifted from the government of its home country. Some press reports said the country may be […]

American Airlines says too early to tell Zika’s impact on travel

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January 29, 2016 American Airlines’ president on Friday said it is too early to tell if the rapidly spreading Zika virus will impact travel, but so far the airline has seen no material change to flight bookings. Read More

Modern Express Stabilized, Weather Hampering Salvage

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January 29, 2016 The Panamanian-flagged car carrier Modern Express has stabilized and is not taking in water, the French Maritime Authority said. Read More

Singapore Court Fines Chinpo Shipping Company

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January 29, 2016 A Singapore court has fined Chinpo Shipping Company (Private) Ltd earlier today for its role in attempts to ship arms to North Korea. Read More