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Archive for the ‘AIR TRANSPORT INDUSTRY’ Category

AIR CANADA CUTS 375 JOBS

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in AIR TRANSPORT INDUSTRY, CANADA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, TOURISM INDUSTRIES, UNEMPLOYMENT | Leave a Comment »

BELEAGUERED SIA CUTS FOUR SINGLE-CLASS FLIGHTS (Malaysia)

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009 MYT 7:08:00 PM

by Karamjit Kaur

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in AIR TRANSPORT INDUSTRY, COMMODITIES MARKET, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MALAYSIA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS | Leave a Comment »

SWEDISH AIRLINE NORDIC AIRWAYS LOSES LICENCE

Posted by Gilmour Poincaree on January 25, 2009

Sunday January 25, 2009

Associated Press

PUBLISHED BY ‘THE STAR’ (Malaysia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE STAR’ (Malaysia)

Posted in AIR TRANSPORT INDUSTRY, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, IRAQ, JUDICIARY SYSTEMS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, SWEDEN | Leave a Comment »

JAPAN LAUNCHES ROCKET TO PROBE GREENHOUSE GAS

Posted by Gilmour Poincaree on January 25, 2009

January 23 2009 at 10:44AM

Sapa – Associated Press

PUBLISHED BY ‘THE INDEPENDENT ONLINE’ (South Africa)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INDEPENDENT ONLINE’ (South Africa)

Posted in AGRICULTURE, AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

ADVANCES SEEN IN PILOTLESS AIRCRAFT (USA)

Posted by Gilmour Poincaree on January 25, 2009

Saturday, January 24, 2009

by David Bjellos – Special to the Daily News

PUBLISHED BY ‘THE PALM BEACH DAILY NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE PALM BEACH DAILY NEWS’ (USA)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEM - USA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

AER LINGUS TO START WASHINGTON, D.C. – MADRID FLIGHTS

Posted by Gilmour Poincaree on January 23, 2009

Thursday, January 22, 2009, 2:15pm EST

Baltimore Business Journal – by Jeff Clabaugh – Contributor

PUBLISHED BY ‘THE BALTIMORE BUSINESS JOURNAL’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BALTIMORE BUSINESS JOURNAL’ (USA)

Posted in AIR TRANSPORT INDUSTRY, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, IRELAND, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

DEMAND PUSHES HIRING UP AT HONDA AIRCRAFT PLANT (USA)

Posted by Gilmour Poincaree on January 18, 2009

Sat, Jan. 17, 2009 12:30AM

The Associated Press

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS&OBSERVER’ (USA)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEM - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, EMPLOYMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, USA | 1 Comment »

CHINA EASTERN AIRLINES ANNOUNCES 5,6 BILLION YUAN LOAN FROM PARENT

Posted by Gilmour Poincaree on January 17, 2009

16 January 2009

Sapa – Agence France-Presse

PUBLISHED BY ‘BUSINESS DAY’ (South Africa)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BUSINESS DAY’ (South Africa)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEMS, CHINA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

AIRBUS A350 DEVELOPMENT ON TRACK (USA)

Posted by Gilmour Poincaree on January 15, 2009

Wednesday, 01.14.09

by Emma Vandore – Associated Press Business Writer

PUBLISHED BY ‘THE MIAMI HERALD’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE MIAMI HERALD’ (USA)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

HEATHROW’S THIRD RUNWAY TO FALL FOUL OF EU RULES – MINISTERS WILL GIVE A GREEN LIGHT TO THE AIRPORT’S EXTENSION, BUT CRITICS SAY EUROPE’S POLLUTION TARGETS COULD PREVENT IT FROM BEING BUILT (UK)

Posted by Gilmour Poincaree on January 12, 2009

Sunday, 11 January 2009

by Geoffrey Lean and Brian Brady

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEMS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES, UNITED KINGDOM | Leave a Comment »

REPORT: BUSINESS JET MARKET SLOWING (USA)

Posted by Gilmour Poincaree on January 12, 2009

Sat, Jan. 10, 2009

by Molly McMillin – The Wichita Eagle

PUBLISHED BY ‘THE WICHITA EAGLE’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE WICHITA EAGLE’ (USA)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, UNEMPLOYMENT | Leave a Comment »

ASIA THE PERFECT FIT FOR QANTAS – AFTER THE TERMINATION OF AN $8 BILLION MERGER PROPOSAL WITH BRITISH AIRWAYS LAST MONTH, SPECULATION HAS RESURFACED THAT QANTAS HAS TURNED ITS ATTENTION TO ASIA AND IS LOOKING INTO A TIE-UP WITH ASIA’S BIGGEST BUDGET AIRLINE, MALAYSIAN-BASED AIRASIA, OR MALAYSIA AIRLINES (Australia)

Posted by Gilmour Poincaree on January 10, 2009

January 10, 2009

by Adele Ferguson – The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AIR TRANSPORT INDUSTRY, ASIA, AUSTRALIA, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES | Leave a Comment »

BOEING TO CUT 4500 JOBS – BOEING SAID TODAY IT WILL REDUCE ITS COMMERCIAL-AIRCRAFT WORK FORCE BY ABOUT 4500 EMPLOYEES BUT WILL MAINTAIN PRODUCTION RATES TO DELIVER A $US275 BILLION ($391 BILLION) BACKLOG

Posted by Gilmour Poincaree on January 10, 2009

January 10, 2009

by Ann Keeton – Kerry Grace contributed to this article – The Wall Street Journal

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, THE WORKERS, TRANSPORT INDUSTRIES, UNEMPLOYMENT, USA | Leave a Comment »

VIRGIN CHALLENGES BRITISH AIRWAYS BY CUTTING BUSINESS FARES (UK)

Posted by Gilmour Poincaree on January 9, 2009

January 9, 2009

y David Robertson

PUBLISHED BY ‘THE TIMES’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TIMES’ (UK)

Posted in AIR TRANSPORT INDUSTRY, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, THE FLOW OF INVESTMENTS, UNITED KINGDOM | Leave a Comment »

CONTINENTAL FLIGHT POWERED WITH BIOFUEL TAKES OFF – CONTINENTAL BECOMES FIRST US CARRIER TO MAKE DEMO FLIGHT POWERED PARTIALLY WITH BIOFUEL (USA)

Posted by Gilmour Poincaree on January 8, 2009

Houston, Jan. 7, 2009

Associated Press

PUBLISHED BY ‘CBS NEWS’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘CBS NEWS’ (USA)

Posted in AIR TRANSPORT INDUSTRY, BIOFUELS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENVIRONMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

COURT ALLOWS BOEING TO USE ‘RACIST’ US LAW – INTERNATIONAL DEFENCE CONTRACTOR BOEING WILL BE ALLOWED TO DISCRIMINATE AGAINST EMPLOYEES WHOSE NATIONALITIES DO NOT MEET US SECURITY LAWS

Posted by Gilmour Poincaree on January 7, 2009

January 07, 2009

by Michael McKenna – The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AIR TRANSPORT INDUSTRY, FOREIGN POLICIES, FOREIGN POLICIES - USA, HATE MONGERING AND BIGOTRY, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE UNITED NATIONS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, USA, WARS AND ARMED CONFLICTS | Leave a Comment »

AIR INDIA SACKS ‘FAT’ HOSTESSES – THE AIRLINE SAYS OVERWEIGHT CREW ARE A SAFETY HAZARD INDIA’S STATE-OWNED AIRLINE AIR INDIA HAS TERMINATED THE SERVICES OF NINE HOSTESSES FOR BEING “OVERWEIGHT”, A SPOKESMAN SAYS

Posted by Gilmour Poincaree on January 6, 2009

12:02 GMT, Tuesday, 6 January 2009

The BBC News

PUBLISHED BY ‘BBC NEWS’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘BBC NEWS’ (UK)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDIA, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT | Leave a Comment »

NINE FOR 2009: HOW IS THE TRAVEL INDUSTRY FACING UP TO WHAT LOOKS LIKE A TOUGH YEAR? – THE INDEPENDENT TRAVELLER SOUGHT THE VIEWS OF NINE KEY PLAYERS

Posted by Gilmour Poincaree on January 4, 2009

Saturday, 3 January 2009

Interviews by Sophie Lam and Ben Ross

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE INDEPENDENT’ (UK)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, RECESSION, TOURISM INDUSTRIES | Leave a Comment »

AIR INDIA CUTS DOMESTIC FARES BY UP TO 82%

Posted by Gilmour Poincaree on December 31, 2008

31 Dec 2008, 05:35 hrs IST

ET Bureau

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in AIR TRANSPORT INDUSTRY, DEFLATION, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDIA, INDUSTRIES, INTERNATIONAL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

NZ AIRLINE JETLINER OPERATES PARTLY ON VEGETABLE OIL – JATROPHA: BOEING AND VIRGIN ATLANTIC CARRIED OUT A SIMILAR TEST FLIGHT THAT INCLUDED A BIOFUEL MIXTURE THAT WAS DISMISSED AS A PUBLICITY STUNT BY ENVIRONMENTALISTS

Posted by Gilmour Poincaree on December 31, 2008

Wednesday, Dec 31, 2008

Associated Press – Wellington

PUBLISHED BY ‘THE TAIPEI TIMES’ (Formosa – Taiwan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE TAIPEI TIMES’ (Formosa – Taiwan)

Posted in AIR TRANSPORT INDUSTRY, BIOFUELS, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, O BIODIESEL, RECESSION, REFINERIES - PETROL/BIOFUELS, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES, VEGETABLE OILS | 1 Comment »

AIR NZ COMPLETES BIOFUEL TEST FLIGHT (New Zealand)

Posted by Gilmour Poincaree on December 31, 2008

Tue, Dec. 30, 2008

Energy Current

PUBLISHED BY ‘ENERGY CURRENT’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ENERGY CURRENT’

Posted in AIR TRANSPORT INDUSTRY, BIOFUELS, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NEW ZEALAND, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

LIMINAR BARRA LIBERAÇÃO DE TARIFAS DE VÔO INTERNACIONAL – MEDIDA JÁ ESTÁ EM VIGOR DESDE 1º DE SETEMBRO EM VÔOS PARA PAÍSES DA AMÉRICA DO SUL (Brazil)

Posted by Gilmour Poincaree on December 30, 2008

30/12/2008 – 08h04min

Agência Brasil

PUBLISHED BY ‘ZERO HORA’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ZERO HORA’ (Brazil)

Posted in AÉREO, AIR TRANSPORT INDUSTRY, BRASIL, COMMERCE, COMMERCIAL PROTECTIONISM, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDÚSTRIAS, INDUSTRIES, INTERNATIONAL, O SETOR DOS TRANSPORTES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, TRANSPORT INDUSTRIES | Leave a Comment »

ANAC NOTIFICA GOL PARA REDUZIR ATRASOS NOS VÔOS (Brazil)

Posted by Gilmour Poincaree on December 26, 2008

Santa Cruz do Sul – Ano 64 – quarta-feira, 24 de dezembro de 2008

por Ângela Rocha

PUBLISHED BY ‘GAZETA DO SUL’ (Brazil)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘GAZETA DO SUL’ (Brazil)

Posted in AÉREO, AIR TRANSPORT INDUSTRY, BRASIL, CIDADANIA, DEFESA DO CONSUMIDOR - BRASIL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIES, INTERNATIONAL, O PODER EXECUTIVO FEDERAL, O SETOR DOS TRANSPORTES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, TRANSPORT INDUSTRIES | Leave a Comment »

CHINA DROPS HINTS ABOUT DEPLOYING AN AIRCRAFT CARRIER

Posted by Gilmour Poincaree on December 24, 2008

24/12/2008 1:00:01 AM

by John Garnaut in Beijing

PUBLISHED BY ‘THE CANBERRA TIMES’ (Australia)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE CANBERRA TIMES’ (Australia)

Posted in AIR TRANSPORT INDUSTRY, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

ANGOLA: PRESIDENT DOS SANTOS THANKS CHINA FOR SUPPORT

Posted by Gilmour Poincaree on December 19, 2008

17 December

2008

ANGOLA PRESS

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘ALL AFRICA’ (Mauritius)

Posted in AIR TRANSPORT INDUSTRY, ANGOLA, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »

AIR PRODUCTS CUTS JOBS, GUIDANCE ON WEAK ECONOMY

Posted by Gilmour Poincaree on December 18, 2008

December 16, 2008 – 7:52pm

WTOP

PUBLISHED BY ‘WTOP’ (USA)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘WTOP’ (USA)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIES, INDUSTRIES - USA, RECESSION, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »

DIRECT FLIGHTS AND SHIPPING FORGE CHINA-TAIWAN LINKS

Posted by Gilmour Poincaree on December 17, 2008

4:00AM Tuesday Dec 16, 2008

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEW ZEALAND HERALD’

Posted in AIR TRANSPORT INDUSTRY, CHINA, COMMERCE, ECONOMY, FORMOSA - TAIWAN, INTERNATIONAL, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES | Leave a Comment »

WAR IS RAGING AMONG CARRIERS OVER CONTROL OF EUROPEAN SKIES – Air France-KLM on December 11 lodged a formal complaint with the European Commission regarding the conditions under which Lufthansa intends to takeover the Austrian flag carrier Austrian Airlines

Posted by Gilmour Poincaree on December 16, 2008

Dec 15, 08 – 11:12 am

by Unal Basusta – eTN Ambassador

PUBLISHED BY ‘TRAVEL VIDEO TV’

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘TRAVEL VIDEO TV’

Posted in AIR TRANSPORT INDUSTRY, ECONOMY | Leave a Comment »

INNOVATION IS THE KEY TO SUCCESS (South Africa)

Posted by Gilmour Poincaree on December 13, 2008

11 Dec 2008

PUBLISHED BY ‘THE BUSINESS NEWS’ (South Africa)

THIS year has been exceptional in that the export markets started on an unbelievably high level and thanks to a combination of factors, Capespan realised on average 43% higher payments to growers of deciduous fruit in the first couple of months this year, compared to the same period last year, while citrus was up 70%, according to group managing director Neil Oosthuizen.

But in an interview with CBN he sounded caution, indicating that recent developments on the world’s economic scene have brought their own uncertainties.

“It’s clear that consumers in most countries are taking financial strain and although we aim to keep prices low on the retailers’ shelves, sales may be strained as fruit products, especially grapes, are often viewed as a luxury”, Oosthuizen says.

Consumers will have less money to spend on expensive fruit. And because supermarkets will be fighting to retain shoppers and because fruit is often regarded a high profile item, they’ll want to show that they’re offering the lowest possible fruit prices.

It is for this reason that Capespan will continue to be innovative particularly so in specialised packaging and value added products. So for example Capespan has launched its new fresh-cut products.

In partnership with UK processors Orchard County Foods and Superior Foods, Capespan is meeting the need for convenient fruit snacks with a range of products under the CAPE label. These are Snack Bags (apple and grape) and Fruit Pots, a fruit medley and pineapple and grape.

Another innovation is individually sleeved CAPE fresh pineapple sticks, which were launched earlier this year as part of the British Airways long haul menu. So far feedback has been extremely positive, Oosthuizen says, with the demand currently 80 000 sticks a week, but this is forecast to increase to 100 000 sticks a week. It is now looking at increasing the range in the future with additional fruit products.

Capespan also launched its new Capespan Gold brand in the UK market to meet demand from its top-end global customers for fruit of exceptional quality. Customers range from independent retailers to catering and food service organisations supplying the UK’s boardrooms and airport business lounges.

It’s anticipated that once Capespan Gold grapes are established in the market, the brand will be extended to other fruit kinds. A simple, stylish livery has been developed for the brand.

He also notes the continuing trend for retailers to get closer and better understand producers. “As the middleman, we the exporters, acknowledge the growing importance of supply chain management services in supporting the marketing process. Continual pressure to cut costs and find the most effective routes will beef up supply chain management challenges further. Therefore we’ve examined ways to elevate our service delivery and offering to the highest levels”.

“This is essential in guaranteeing Cape-span’s exceptional services, featuring quality and innovation – factors which distinguish us from our competitors”, he says.

Of strategic importance is also securing Capespan’s fruit supply. To this end it has, through its associate company Rapiprop, purchased the 490 ha Applethwaite farm in the Grabouw area. “The purchase of this large apple, pear and plum production unit underscores Capespan’s continued focus on growth and development”, says Oosthuizen.

“Because the farm has been a Capespan supplier for more then 60 years, we know the business intimately”, he says.

With orchards covering 300 ha, Applethwaite annually exports 260 000 cartons of apples, 50 000 cartons of pears and 100 000 trays of plums. Apart from having its own pack house and cold stores, the farm was one of the first in the country to offer a creche, pre-school, clinic and church facilities to staff members. The company’s infrastructure is a producer’s dream. Plus, it was one of the pioneers in computerised quality control, according to Oosthuizen.

Rapiprop, a joint venture between Capespan, Total Produce plc and the Cape Empowerment Trust, owns and operates farms in South Africa. The organisation buys farms that are good investments, secures a strategic fruit supply and will plan an important empowerment role in future.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE BUSINESS NEWS’ (South Africa)

Posted in AGRICULTURE, AIR TRANSPORT INDUSTRY, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, FOOD INDUSTRIES, FOOD PRODUCTION (human), FRUITS AND FRESH VEGETABLES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PAPER INDUSTRIES, RECESSION, SOUTH AFRICA, THE WORK MARKET, TRANSPORT INDUSTRIES, UNITED KINGDOM | Leave a Comment »

AIR FRANCE SEEKS PROBE INTO AUSTRIAN AIRLINES SALE

Posted by Gilmour Poincaree on December 12, 2008

Thursday, 12.11.08

Associated Press

PUBLISHED BY ‘THE MIAMI HERALD'(USA)

PARIS – Air France-KLM Group said Thursday it has lodged a complaint with the European Commission, accusing German rival Lufthansa of benefiting unfairly from state aid in its deal to acquire Austrian Airlines.

The French-Dutch carrier dropped out of the running for the Austrian carrier, while Lufthansa agreed last week to buy the Austrian government’s stake in the ailing national airline and offered to buy any outstanding shares.

Air France-KLM said in a statement it “strongly believes that the sale of Austrian Airlines to Lufthansa is not being conducted in the best interest of Austrian Airlines stakeholders and at a fair market price.”

The sale “entails state aid elements that need to be thoroughly investigated by the European Commission,” it said.

Under the agreement, the Austrian government will assume up to euro500 million of the carrier’s debt, which amounted to euro900 million as of last month. Air France-KLM said the deal doesn’t follow the instructions imposed on it during the bidding process.

Lufthansa said it was “convinced that the transaction agreed to last week on the acquisition of Austrian Airlines is in compliance with corresponding statutary requirements.”

Lufthansa also said that the Austrian state holding company had obtained legal opinion showing that the deal conformed to law.

The agreement signed by Lufthansa and officials of the Austrian government’s privatization agency gives the German carrier the state’s 41.56 percent share in Austrian Airlines.

That deal carries a price tag of euro366,000 ($465,000) but foresees additional payments of up to euro162 million depending on whether, and to what degree, Austrian turns profitable again.

Lufthansa has also offered to buy the rest of Austrian Airlines for euro4.44 per publicly held share.

Austria’s government decided in August to sell its share in the country’s flagship carrier. Air France-KLM and S7 of Russia had previously expressed an interest but then dropped out of the bidding.

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PUBLISHED BY ‘THE MIAMI HERALD'(USA)

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ROCCO SABELLI PRESENTA LA NUOVA ALITALIA

Posted by Gilmour Poincaree on December 12, 2008

12/12/2008

Amerigo Francia – Milano Finanza

PUBLISHED BY ‘MILANO FINANZA’ (Italy)

La nuova Alitalia non aumenterà i prezzi e non ridurrà l’offerta di voli. Lo ha assicurato l’amministratore delegato di Cai, Rocco ROCCO SABELLISabelli, nella conferenza stampa per la presentazione del closing della vendita di Alitalia a Cai. “Non abbiamo in programma di aumentare i prezzi o ridurre l’offerta, anche sulle rotte dove abbiamo il 100% del mercato”, ha affermato Sabelli illustrando i punti principali del piano industriale.

L’obiettivo, spiega il braccio destro di Colaninno, “mira a ottenere il 56% del mercato interno nel 2009 rispetto all’attuale 30%. Una quota che ci farà tornare in Europa, visto che Air France ha il 91%, Lufthansa il 53%, Turkish Airlines il 43% e Iberia 39%. Puntiamo inoltre ad avere una flotta più moderna ed efficiente: nel 2009 l’età media dei nostri aerei sarà 8,6 anni, mentre attualmente è di 12,4 anni”.

Nel piano industriale, ha spiegato Sabelli, una forte attenzione è legata alla creazione di un network completo ed efficiente focalizzato su medio e lungo raggio. “Non si può fare una compagnia grande quanto si vuole, ma grande quanto si deve. Dico un’ovvietà”, ha osservato Sabelli, “ma è meglio avere meno aerei ma più pieni che tanti aerei mezzi vuoti. Il piano industriale parte dall’esame della struttura della domanda e dalle dimensioni del mercato, e punta a creare un leader forte sul mercato domestico. L’integrazione con Air One va in questa direzione e ci fornisce densità, dimensione e sinergie”.

Per la capitalizzazione della nuova Alitalia il manager conta sui 1.100 milioni, che era il target iniziale, e sul contributo del partner straniero. L’aumento di capitale avverrà in due tranche: per 850 mln dai 21 soci attuali, ai quali “non escludiamo se ne aggiungano altri”, mentre la restante parte avverrà in un secondo momento “per garantire la struttura finanziaria”.

Riguardo invece al partner industriale con la nuova Alitalia, l’ad di Cai ha confermato che “La scelta del partner straniero sarà tra Lufthansa e Air France”, precisando che da parte di entrambe le compagnie è stata avanzata la proposta di partenariato industriale come la disponibilità a investire in equity. La proposta di British Airways era invece “di natura solo commerciale”, ha spiegato Sabelli. Il manager ha quindi detto che “noi privilegiamo le prime due e crediamo che un ingresso nell’equity possa rafforzare la compagnia”. Parlando di Lufthansa e Air France, Sabelli ha detto che si tratta di “due proposte molto buone, duole lasciarne fuori una. Sceglieremo la proposta migliore”.

In ultimo, stamattina è partito il processo di assunzioni. “Siamo assolutamente tranquilli sulla trasparenza dei criteri concordati”. Le proposte di assunzione saranno dirette a “quasi 9mila persone, ci aspettiamo una risposta entro 48 ore”. Per quanto riguarda il rapporto con i sindacati, Sabelli ha detto di aver avuto con i sindacati confederali “una trattativa molto dura, ma comunque negoziale”, mentre con le associazioni professionali c’è stato “il rifiuto di cedere il controllo della compagnia”. Per questo, “da oggi il dialogo va direttamente ai nostri dipendenti”, ha concluso Sabelli.

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PUBLISHED BY ‘MILANO FINANZA’ (Italy)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEMS, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FRANCE, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, ITALY, NETHERLANDS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES, TURKEY, UNITED KINGDOM | Leave a Comment »

AER LINGUS CHIEF LOBBIES DUBLIN TO REPEL RYANAIR OFFER – THE CHIEF EXECUTIVE OF AER LINGUS BRANDED RYANAIR’S RENEWED TAKEOVER ATTEMPT AS “PATHETIC” YESTERDAY (Ireland)

Posted by Gilmour Poincaree on December 12, 2008

December 12, 2008

by Susan Thompson – The Times

PUBLISHED BY ‘THE TIMES’ (UK)

Dermot Mannion said that Ryanair’s €1.40 offer per share, made on December 1, fell far short of the Irish flag carrier’s true value. The offer puts a €748 million (£665 million) value on the former state-controlled airline. It is half the amount that Ryanair offered two years ago when it first made a bid.

Mr Mannion, who has been lobbying the Irish Government for its help to repel the hostile bid, called Ryanair’s offered price “a pathetic sum in the context of the €1.3 billion in cash on the group’s balance sheet, the substantial value of our fleet and the value of the Heathrow slots”.

Mr Mannion met Noel Dempsey, the Irish Transport Minister, yesterday to seek government assurances that it would not sell any shares to Ryanair. The Government holds 25 per cent of Aer Lingus, while Ryanair is the top shareholder with 30 per cent.

Firm opposition until now from the Government had helped to blunt Ryanair’s ambitions. So too had a June 2007 ruling by European competition regulators that a takeover would create a near-monopoly in European flights out of Dublin.

However, since December 1, the Government has wavered because it faces a financial crisis involving a sharp drop in tax revenues and soaring deficit spending, and could badly use the cash that Ryanair is offering. Mr Dempsey declined to comment.

Michael O’Leary, Ryanair’s chief executive, has admitted that the €1.40 offer, if successful, would mean that Ryanair acquired its rival for “almost nothing”. However, he argued that the spate of airline bankruptcies caused by the economic downturn had strengthened the company’s position.

Mr O’Leary claimed that Aer Lingus had no medium-term future in the face of competition from Ryanair and Europe’s rapidly consolidating flag-carrier airlines.

Ryanair has sought to defuse opposition to its bid by offering to recognise Aer Lingus’s unions, cut the airline’s short-haul fares by 5 per cent, scrap its fuel surcharge and give control of landing slots at Heathrow to the Irish Government. Mr O’Leary also pledged to increase Aer Lingus’s workforce by 1,000.

If Ryanair is to succeed it must win support from shareholders, including Aer Lingus’s employees. The crew and pilots own about 18 per cent of the airline and have expressed concern about job and pay cuts if they are acquired by the budget carrier.

Aer Lingus shares slipped 0.7 per cent to €1.50. Ryanair shares fell 5.7 per cent to €3.04.

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PUBLISHED BY ‘THE TIMES’ (UK)

Posted in AIR TRANSPORT INDUSTRY, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMERCIAL PROTECTIONISM, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, IRELAND, ISLAMIC BANKS, NATIONAL WORK FORCES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS | Leave a Comment »

PARA CONSTRUIR EDIFICIO PARA PROYECTO DE LEARJET 85, BOMBARDIER INVERTIRÁ US250 MILLONES EN QUERÉTARO PARA PROYECTO LEARJET (Mexico)

Posted by Gilmour Poincaree on December 12, 2008

11 Diciembre, 2008 – 19:44

APR

PUBLISHED BY ‘EL ECONOMISTA’ (Mexico)

El vicepresidente de Operaciones Bombardier Aerospace México, Réal Gervais, informó que durante la primera mitad del
próximo año, iniciará la construcción de un edificio para el proyecto Learjet 85.

El proyecto contempla una inversión por 250 millones de dólares, generará entre 600 y 700 nuevos empleos y se ubicará en el parque Aeroespacial en el municipio de El marqués.

Aclaró que este Learjet es diferente a los modelos que recientemente tuvieron problemas y causaron los accidentes aéreos; la nueva inversión complementa los 200 millones de dólares que se anunciaron con la llegada de esta empresa a Querétaro en octubre del 2005.

‘El proyecto Learjet 85 es muy importante para Bombardier, es totalmente nuevo para la empresa, es un avión totalmente nuevo de hecho, es muy importante también porque utiliza la última tecnología a partir de materiales compuestos para la elaboración de fuselaje y otras piezas, es totalmente distinto a los otros modelos Lear’, dijo.

La manufactura de la estructura de materiales compuestos de Learjet se realizará en la entidad y la terminación de interiores, los vuelos de prueba y la entrega final al cliente se llevarán a cabo en Estados Unidos.

Réal Gervais indicó que la empresa es muy cuidadosa con las inversiones frente a las condiciones económicas que se esperan para el próximo año, por lo que extremará la vigilancia ‘sobre todo en el primer cuarto del 2009’.

Hasta el momento no hay afectaciones, toda vez que el registro de órdenes de compra de Bombardier asciende a 26.1 millones de dólares y no hay cancelaciones extraordinarias de trabajo.

La empresa espera que para el 2010 se llegue a 2,000 empleados, toda vez que ahora se cuenta con 1,200 trabajadores de los que 150 son del área administrativa.

‘Los planes de la empresa no han cambiado en términos de lo que se está produciendo en Querétaro y actualmente 500 personas se dedican a la parte de ensambles de arneses eléctricos y más de 500 personas están dedicadas al ensamble de diferentes componentes estructurales’, detalló.

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PUBLISHED BY ‘EL ECONOMISTA’ (Mexico)

Posted in AIR TRANSPORT INDUSTRY, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, MEXICO, RECESSION, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, THE WORK MARKET, THE WORKERS, TRANSPORT INDUSTRIES, USA | Leave a Comment »

LUFTHANSA SUPERVISORY BOARD APPROVES ACQUISITION OF AUSTRIAN AIRLINES – Lufthansa will initially acquire the 41.56 per cent share in Austrian Airlines AG

Posted by Gilmour Poincaree on December 9, 2008

Monday, December 08, 2008

by Tatiana Rokou

PUBLISHED BY ‘TRAVEL DAILY NEWS’

Lufthansa will initially acquire the 41.56 per cent share in Austrian Airlines AG held by Osterreichische Industrieholding AG (OIAG). This share package is to be acquired at a price of EUR 366,000. In addition to this, a debtor warrant will be arranged, of which Lufthansa will pay a sum of up to EUR 163m depending on Austrian Airlines’ economic performance and the Lufthansa share outperforming its competitors.

In the course of the period specified by Austrian takeover law, Lufthansa will also make a public takeover bid to Austrian Airlines’ free float shareholders. The company is applying to the Austrian Takeover Commission for an extension of the notification period to the longest permissible time. The bid price will correspond to the average weighted market price of the Austrian Airlines share over the six months preceding this announcement. Subject to an examination by the Takeover Commission, this figure will be EUR 4.44 per share. In total, some EUR 215m will be offered to private and institutional free float shareholders as part of the takeover bid.

Wolfgang Mayrhuber, Chief Executive Officer Lufthansa Group, said: “Gaining the support of our Supervisory Board for the acquisition of Austrian Airlines is an important step which paves the way for OIAG, the government in Vienna and the European Commission to make their decisions following due consideration of the transaction. Our bid is fair. It takes the interests of all those concerned into account and shares the encumbrances and risks fairly. The consequences of the financial markets crisis and its effects on the real economy also have a major impact on the aviation industry. Structural changes increase the likelihood of Lufthansa and Austrian Airlines sharing a brighter future.”

The OIAG Supervisory Board meeting to approve the proposed transaction is to be held on 5 December 2008. The parties then intend to sign the appropriate contracts. Execution of these contracts is subject, inter alia, to the conditions precedent of anti-trust approval and the approval of a EUR 500m restructuring grant to be made by the Republic of Austria, both of which must be granted by the European Commission. Furthermore, Lufthansa must hold 75 per cent of the shares in Austrian Airlines – including those transferred by OIAG – after the end of the regular acceptance period for the public takeover bid.

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PUBLISHED BY ‘TRAVEL DAILY NEWS’ (UK)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

VIRGIN SEEKS TO DELAY FLEET DELIVERY – VIRGIN BLUE IS ASKING BOEING TO DELAY DELIVERY OF SOME OF ITS 777s BECAUSE OF A STRIKE BY BOEING MACHINISTS

Posted by Gilmour Poincaree on December 6, 2008

December 06, 2008

by Steve Creedy – Article from The Australian

PUBLISHED BY ‘THE AUSTRALIAN’

The industrial action has meant the launch of Virgin’s V Australia has been pushed into the traditionally quiet post-holiday period.

The airline is due to get two of Boeing’s aircraft shortly and might beat its revised launch date for its international offshoot of February 28.

Virgin Blue had originally planned to launch in mid-December to take advantage of the Christmas peak, but was forced to push the date back when a machinists strike at Boeing meant it was unable to get its planes in time.

The delay is understood to have cost the airline about $3million, as it was forced to rebook passengers on alternative flights and keep staff employed without revenue coming in. It has also been forced to cut the price of tickets to reflect the fact it is now launching in a period of lower consumer demand.

It now wants to delay delivery of aircraft three and four to give it time to bed down its initial operations.

Chief executive Brett Godfrey said the airline was talking to Boeing about delivery dates and was seeking flexibility from Boeing given the pain the US aircraft maker had caused it.

He said it was asking for a delay so the first four planes were not delivered so closely together.

“We’re going to have our aeroplanes but I just don’t want them here all at the same time before we launch,” he said.

“So the work I have to do before Christmas is firm up that we can hopefully slide some of the later ones a little bit back. But we’re very much on track for the end of February.”

Mr Godfrey said Virgin did not have the resources to take four aircraft within the space of time proposed by Boeing.

“And secondly I’d like to get into the market first before we ramp ourselves up to full production,” he said.

“Which is what the plan was in December. If you recall, we were going to launch Sydney-LA on December 15 and not look at any further capacity until we launched Brisbane on March 1.”

Mr Godfrey said the airline was still looking at capacity cuts on domestic routes but said it was not panicking.

He said he was somewhat reassured by third-quarter figures and was now focused on what was going to happen this quarter.

Mr Godfrey said he believed Australians would still travel, but stay closer to home.

“I’m still a firm believer that retail sales are not a reflection of aviation any more,” he said. “People will put off a car right now, they’ll put off a white good or a flat screen TV.

“But they still want to travel at Christmas time and they’ve still got used to the fact that travel has become so affordable that it’s become part of their everyday lives.”

Meanwhile, figures released this week suggest budget travellers in Australia are in for a good Christmas, with the lowest airfares at a record low for December. Figures show that the best discount fares at the start of the month were 25 per cent cheaper than in December last year. Tourism groups are urging travellers to take advantage of the low fares and catch domestic flights.

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PUBLISHED BY ‘THE AUSTRALIAN’

Posted in AIR TRANSPORT INDUSTRY, AUSTRALIA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, RECESSION, THE WORK MARKET, THE WORKERS, USA | Leave a Comment »

JAZEERA AIRWAYS WITNESSES RAPID EXPANSION

Posted by Gilmour Poincaree on November 29, 2008

Published: November 27, 2008, 23:27

PUBLISHED BY ‘GULF NEWS’ (Dubai)

by Nadia Saleem, Staff Reporter

Dubai: Jazeera JAZEERA AIRWAYSAirways, a Kuwait-based airline launched in 2004, is witnessing rapid expansion despite the rest of the world suffering a liquidity crunch and the aviation business running into turbulence worldwide.

The only Gulf airline that uses two Gulf airports as hubs – Dubai and Kuwait City – has more than doubled its capital in the past three years to $77 million.

In 2005, the airline carried 39,000 passengers and is now at 1.2 million, with ambitious aims to boost that figure to 8.5 million in four years. The company’s profits at the end of 2007 were $8.4 million.

The airline is set to become one of the largest operators of A320 aircraft in the coming years as it plans to add 36 planes by 2012 and to fly to 59 new destination in and around the Middle East.

The airline has carried 665,000 passengers to Dubai, who have spent $180 million (Dh662 million) on hotels and transport.

Earlier this week in Dubai, the airline added its seventh aircraft to its fleet. Jazeera’s new acquisition marks the first time a non-UAE carrier has taken delivery of an aircraft in Dubai.

Jazeera’s chairman and chief executive officer Marwan Boodai recently spoke to Gulf News in an exclusive interview. Excerpts:

Gulf News: What has been the impact of the credit crisis on your expansion plans?

Marwan Boodai: We in the Middle East are completely immune to the international credit crisis but in general, the GCC [Gulf Co-operation Council] in particular, our governments and our economies are based on solid ground. We are oil-driven economies, so that will help us to weather these big storms.

As far as Jazeera Airways is concerned, our business model is based is connecting the dots within the Middle East. So in a way, we are not affected by international traffic. So far, and with our forecast, there is no slowdown within the Middle East. People are going back and forth within the region for business, or leisure or going back home. So that is the domain we are focusing on.

What is the significance of the airline being a low cost carrier at this time?

We chose a model to provide value for money. So passengers will be travelling more frequently. That is how we discriminate the market.

By consolidating our fleet and stabilising it with only one model, the A320, we have reduced out costs by a large amount, which we pass on to our passengers. In the current economic situation, more and more people are cautious of what they spend. Yet they need to travel because it is not more a luxury, it is a necessity.

What they are looking at is should they travel on luxury carriers or airlines with affordable prices, like ours.

With the dropping oil prices, what ripple effects is your airline witnessing in terms of costs and number of passengers?

The sharp drop helps the airline industry in general and our model in particular because fuel cost is almost one third of what we used to pay a month ago. That helps to boost our balancesheet. We managed to run the business profitably when the oil was at Dh140. With the prices now dropping, we will be able to add a lot more passengers.

Have the prices impacted your expansion plans?

Not really. Because our main focus in acquisition is just growing integrally year-by-year. This growth has always been there. Any airline that stands for acquisition of aircraft has to be affected by the market’s ability to extend financing. Jazeera has been running on a solid financial footing.

Not only have we managed to create a sister company called Sahaab Leasing to support this growth, but international banks have once again, at this very critical junction, reaffirmed their vote of confidence and extended even more financing to us. And we haven’t even tapped the market in the Middle East for financing.

Will you need to do so in future?

We are now looking at competitive financing. Cash is available worldwide and particularly in the GCC countries. We are looking for more innovative and cost-effective ways of financing. The GCC is going to be our focus for that.

In line with that direction, do you plans to be listed on the financial markets in the UAE?

Our original plan was to be listed on the Kuwait Stock Exchange because we are a Kuwaiti-based company. The plan was to be listed in Dubai’s market in the fourth quarter of this year. Now with the international turmoil, we don’t think it is the right time to jump into a second listing. We are going to watching the market very closely and carefully. But there is no doubt in our minds that one day we will be listed on Dubai stock exchange.

What is the time frame for that? Is it totally dependant on how the market performs?

Exactly. It’s really not in our control. However, we believe that this market is going to have a boost. Dubai’s economy is solid. If you look at the airline stocks worldwide, even in the states, in the last couple of weeks, the best performers were airline stocks. We don’t have many airline stocks in the Middle East; there is only a handful. Dubai stock exchange is very appealing, because being listed here will give us international exposure.

How is flyDubai, the emirate’s first low-cost carrier, going to affect you?

I don’t want to just say that the market is big. But flyDubai is targeting a different segment. With 737s, high density, etc, it is a totally different market from what we are serving. They are more focussed on the Indian subcontinent and labour traffic. We are more focused on the middle-class group, on families and business travel. We feel that business travellers will be increasingly choosing Jazeera, rather than the high-end of the market.

Is there any change that you are witnessing from the government of Dubai on this?

Not really. Dubai is so open. If you look at other airports, other markets in the world.

Here for instance, one city cannot survive with one airline. There has to be competition, more airlines that add value to the economy. Dubai government realises that very well. And that is why we are here today.

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PUBLISHED BY ‘GULF NEWS’ (Dubai)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, RECESSION, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES | Leave a Comment »

SAMBISTA DUDU NOBRE ACUSA COMISSÁRIO DE VÔO DE RACISMO – Confusão aconteceu em vôo da American Airlines vindo de NY – O acusado Carlos Carrico nega; mas testemunha confirma (Brasil)

Posted by Gilmour Poincaree on November 24, 2008

23/11/2008 – 21:30

G1/Globo.com com informações do Fantástico

O sambista Dudu Nobre e a mulher dele, a modelo Adriana Bombom, voltavam dos Estados Unidos, RACIST AMERICAN AIRLINES
com o produtor musical Ivan Correa Júnior. Segundo contam, foram destratados por dois comissários da American Airlines. A história teria começado quando Adriana não conseguiu abrir a porta de um banheiro.

“O Dudu e o Júnior estavam rindo de mim, dizendo que nem conseguia abrir a porta. Só que a comissária achou que estávamos rindo dela. Na verdade a gente não estava rindo dela, estava rindo da situação que eu não estava conseguindo abrir aquela porta”, conta Adriana Bombom. “Foi a hora que ela me chamou de grossa, de estúpida e de ignorante.”

Outro comissário teria tomado as dores da colega e passado a perseguir o casal. “Me restringiram de circular num pedaço do avião. Eu não podia passar para o outro lado. Falei que precisava esticar as pernas, pedi licença”, completa o sambista Dudu Nobre.

Quando dormiu, Dudu teria sido alvo de gestos racistas. “Teve um momento que eu acordei e, quando olhei, o comissário estava do meu lado fazendo barulhos como de macaco”, afirma Dudu Nobre.

Na saída do avião, já no Brasil, houve briga. Adriana teria sido xingada por ter se despedido de DUDU NOBRE E ADRIANA BOMBOMmaneira áspera. “Quando Adriana saiu, ela falou que havia sido xingada”, afirmou Dudu. “Aí eu voltei e, quando entrei, ele ficou em posição de luta e me disse: ‘vem, macaco, vem macaco, vem brigar comigo macaco’”, contou o sambista. “E ficou aquele bate-boca, aquela confusão. Foi o momento que o comissário tirou os óculos, pegou a caneta e foi golpear o Júnior.”

Júnior guardou a jaqueta e duas camisas com pequenos furos e manchas de sangue e mostrou o ferimento no ombro. “O Dudu me deu uma puxada, porque a caneta ia pegar no meu pescoço”, conta o produtor.

O acusado da agressão é o americano Carlos Carrico, de 44 anos, que trabalha na American Airlines há 19 anos. Casado com a carioca Mônica, ele é filho de uma baiana com um italiano. Ao lado de um amigo negro, Carlos rebateu as acusações.

“Totalmente mentira. Eu juro para Deus que esse homem está falando totalmente mentira. Isso não aconteceu”, garante o comissário.

A versão de Carlos é que o problema aconteceu com o produtor Ivan Júnior, que teria ignorado os pedidos para se sentar, pouco antes do embarque.

“Eu fui lá e falei para ele: ‘o senhor tem que estar sentado, com o cinto afivelado, ou o avião não sai’. Ele não gostou, dava para ver que não gostou. Eu fui continuar meu trabalho. O único problema foi saindo de Nova York. Não aconteceu mais nada durante o vôo”, diz Carlos Carrico.

Carlos reconhece que houve uma briga no desembarque, no Brasil. Mas diz que Júnior é que procurou confusão, foi contido por seguranças mas, mesmo assim, conseguiu acertá-lo.

“Chegou e me deu dois chutes. Ele estava desse lado e me chutou duas vezes”, mostra Carlos Carrico.

Tatiana Cooley, uma americana com cidadania brasileira, era passageira do mesmo vôo e estava sentada exatamente atrás do casal Dudu e Adriana. Ela confirma que o comissário fez gestos racistas para os brasileiros.

“Estava indo para a frente do avião, e virava, assim, de repente, para fazer som, assim, na cara do Dudu. E fazia som de porco. Fazia como se ele fosse macaco. Ele ficou implicando com Dudu e Adriana o vôo inteiro”, confirma.

Tatiana confirma, também, que a tripulação não deixava o casal se levantar durante o vôo. “Os dois tentavam se levantar para esticar as pernas, para se mexer um pouquinho. Só eles que não podiam. Todos os passageiros andando nos corredores, conversando e eles sentados ali.”

Quando o caso veio à tona, Tatiana Cooley teve o nome equivocadamente divulgado como se fosse a outra comissária envolvida no caso. Na verdade, ela se apresentou como testemunha e já foi ouvida pela Polícia Federal. A aeromoça que teria começado toda a confusão não foi identificada.

A Polícia Federal está apurando o caso. A American Airlines abriu uma investigação interna. Dudu Nobre vai processar a companhia aérea pedindo indenização por danos morais e retratação pública.

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PUBLISHED BY ‘GAZETA DO POVO’ (Brasil)

Posted in AIR TRANSPORT INDUSTRY, FOREIGN POLICIES, FOREIGN POLICIES - USA, HATE MONGERING AND BIGOTRY, INTERNATIONAL, INTERNATIONAL RELATIONS, JUDICIARY SYSTEMS, REGULATIONS AND BUSINESS TRANSPARENCY, RELAÇÕES INTERNACIONAIS - BRASIL, USA | Leave a Comment »

AMR, UAL STRUGGLE TO SELL IDLE JETS AS MARKET SLIDES (UPDATE1)

Posted by Gilmour Poincaree on November 19, 2008

Last Updated: November 18, 2008 14:53 EST

AMR, UAL Struggle to Sell Idle Jets as Market Slides (Update1)

by Mary Schlangenstein

Nov. 18 (Bloomberg) – American Airlines, United Airlines and Continental Airlines Inc., stung bloomberg_american_airlines_1811200.gif picture by gilmourpoincareeby fuel costs and a drop in traffic, face a new challenge: what to do with planes valued at $2 billion now idled or set to be grounded through 2009.

With virtually no U.S. buyers for the 276 mostly older, less-efficient jets, the carriers are shopping the aircraft in emerging markets such as Russia while prices tumble and frozen debt markets damp sales, analysts and marketers say.

“People are sitting on the fence for three to six months waiting to see what happens with the price of fuel and the credit fallout,” said Francis Otto, a manager at industry data firm OAGback Aviation Solutions in New Haven, Connecticut. “You’re going to have, at least in the short term, a hesitation on the part of any potential lessees or purchasers.”

The lack of buyers leaves three of the biggest U.S. airlines saddled with storage expenses and, at American and Continental, lease payments on jets they’re no longer flying. Some models may fetch as little as half what they did in 2007, said Douglas Runte, a Piper Jaffray & Co. analyst in New York.

That adds to the strain on carriers with collective losses of $2.32 billion over the past four quarters, excluding special items. Writedowns for the values of some of the jets this year totaled almost $1.2 billion for Continental, American parent AMR Corp. and Chicago-based UAL Corp., owner of United.

“Many of the older aircraft now being grounded will never fly again,” Ray Neidl, an analyst at Calyon Securities in New York, said in a note after a Calyon-sponsored conference today on aviation leasing. The planes likely will be used for parts “regardless of where fuel prices go.”

Delays Over Financing

Continental said last month that credit snags for 3 unnamed buyers delayed the sale of 20 Boeing Co. 737-500 jets. The fourth-largest U.S. airline said it’s holding cash deposits and would be entitled to damages should the deals collapse.

“We have been actively selling our 737-500s to airlines predominantly based in Russia,” said Julie King, a spokeswoman for Houston-based Continental, which is shedding 67 of its 737s by the end of 2009.

Other models being pulled from U.S. fleets include Airbus SAS A300s; four-engine Boeing 747s, which predate the new generation of twin-engine jumbo jets; and Boeing MD-80s that American is replacing with new 737s burning 25 percent less fuel.

`No Demand’

“There really is no demand for them here,” Anders Hebrand, president of SkyWorks Leasing LLC in Greenwich, Connecticut, said in an interview.

Age and operating costs helped shape airlines’ decisions on which aircraft to unload as jet fuel surged 53 percent this year through July. While fuel is down by more than half since then, traffic is now sliding, off as much as 7.6 percent at United.

Any unsold aircraft will be parked. Those still under purchase agreements or on leases that can’t be terminated early will continue to drain cash.

“The fact that you have an asset that you’re paying for, that you’re not using, is a cost,” said Marc Wilson, director of safety, quality and asset management at MBA, a Washington- based aviation consulting group.

Preparing a plane for short-term storage costs as much as $20,000, and as much as $25,000 a year after that to keep it in marketable condition, said Jack Keating, president of Evergreen Maintenance Center Inc. in Marana, Arizona. Returning a jet to service may run as much as $1.2 million, which is almost a third of Runte’s $4 million estimated value for American’s MD-80s.

Likely Destinations

The likeliest markets for the planes include Africa, South America, Indonesia and Turkey, airlines and analysts said.

United hired AAR Corp., an aircraft and equipment marketer based in Wood Dale, Illinois, to find buyers for its 737s, focusing on non-U.S. operators. The third-biggest U.S. airline is grounding all 94 of its 737s, along with six 747s. Three 737s have been sold, Chief Financial Officer Kathryn Mikells said last month.

American may have to find overseas buyers for its A300- 600s, which aren’t flown by other U.S. airlines. Future lease payments and termination charges will total $140 million once the last of the 34 planes is retired by the end of 2009, according to American, the second-biggest U.S. carrier.

Those jets average almost 19 years of age, about the same as the MD-80s, and are among American’s oldest, according to the Ascend Online Fleets database. The other Boeings at the Fort Worth, Texas-based airline are an average of 12 years old.

A spokesman, Andy Backover, declined to comment on possible buyers, saying American hasn’t decided on the fate of the A300s or the 30 MD-80s being parked by next year. American’s fleet of 287 MD-80s is the world’s biggest.

“MD-80s are going to be extremely difficult to place,” said Piper Jaffray’s Runte. “Their age and, more importantly, fuel consumption, just makes them very unattractive.”

To contact the reporter on this story: Mary Schlangenstein in Dallas at maryc.s@bloomberg.net

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Posted in AIR TRANSPORT INDUSTRY, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS - USA - 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, RECESSION, THE FLOW OF INVESTMENTS, TRANSPORT INDUSTRIES, USA | Tagged: | Leave a Comment »

IPANEMA ALCOOL EM EXPOSIÇÃO DE BIOCOMBUSTÍVEL (Brasil)

Posted by Gilmour Poincaree on November 16, 2008

15-11-2008

A Embraer mostrará a aeronave Ipanema movida a álcool na Exposição Internacional sobre IPANEMA - 100 % ETHANOLBiocombustíveis, que acontece no Hotel Hyatt, em São Paulo, entre os dias 17 e 21 de novembro.

O Ipanema é produzido pela Embraer de Botucatu e foi o primeiro avião a utilizar motor a alcool no mundo. O desenvolvimento foi feito pela Embraer/Neiva e CTA, com apoio da Lycoming, fabricante dos motores.

Paralelamente ao evento, ocorrerá a primeira Conferência Internacional sobre Biocombustíveis, cujo tema será “Os biocombustíveis como vetor do desenvolvimento sustentável”.

“A Embraer acredita que o crescimento da indústria da aviação passará pela utilização dos biocombustíveis sustentáveis, a médio-longo prazo”, disse Satoshi Yokota, Vice-Presidente Executivo de Planejamento Estratégico e Desenvolvimento Tecnológico da Embraer.

Com o objetivo de contribuir para a discussão internacional sobre os desafios e oportunidades apresentados pelos biocombustíveis, o evento contará com a participação de representantes de governos, entidades internacionais, parlamentares, comunidade científica e acadêmica, iniciativa privada, sociedade civil e Organizações Não-Governamentais (ONG), entre outros.

Líder no mercado de aviação agrícola no Brasil, com cerca de 75% de participação, o Ipanema é fabricado pela Embraer e comercializado pela Neiva, subsidiária integral da Embraer localizada no município de Botucatu, no interior do Estado de São Paulo. Em 35 anos de produção ininterrupta, mais de mil unidades foram entregues.

O Ipanema é utilizado na aplicação e pulverização de defensivos agrícolas, e também pode ser usado no combate a incêndios, reboque de planadores, entre outras aplicações.

Originalmente movido à gasolina, o Ipanema é a primeira aeronave do mundo fabricada em série certificada para voar com álcool combustível.

Desde 2005, foram entregues 54 aeronaves a álcool e 170 kits de conversão, totalizando uma frota de 224 aviões voando no Brasil com este tipo de Ipanema.

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PUBLISHED BY ‘ENTRELINHAS’ (SP – Brasil)

Posted in AIR TRANSPORT INDUSTRY, BIOCOMBUSTÍVEIS, BRASIL, ECONOMIA - BRASIL, ETANOL, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FLUXO DE CAPITAIS, INDÚSTRIAS, O SETOR DOS TRANSPORTES, SETOR EXPORTADOR | Leave a Comment »

DHL BUSINESS IN US SLASHED

Posted by Gilmour Poincaree on November 12, 2008

Tuesday, November 11, 2008

Deutsche Post will close all of its DHL Express service centers, cut 9,500 jobs in the United States and DHL - DHL Airbus A300B4-200 (OO-DLZ) takes off from London Luton Airport, Bedfordshire, England eliminate US – only domestic shipping by land and air, with the company citing heavy losses amid fierce competition.

The Bonn-based company noted that the cuts are on top of 5,400 job losses it already announced. It blamed heavy losses at DHL, which competes against UPS and FedEx.

The cuts are part of a wider plan to curtail operations in the United States, including domestic ground and delivery services. Part of the plan calls for the halt to domestic shipping by January 30, but international shipping is not affected.

The DHL Express unit currently employs some 18,000 workers.

Associated Press

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Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIES, NATIONAL WORK FORCES, NETHERLANDS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, USA | Leave a Comment »

AIRLINES FREAK OUT, OFFER HOLIDAY DISCOUNTS

Posted by Gilmour Poincaree on November 11, 2008

November 10, 3:27 PM

Susan Finch by Susan Finch, New York Budget Travel Examiner

While holiday travel is looking grim for both travelers and airlines looking to keep money in their pocket, prices are easing up more than I thought they would. Since the economic downturn, travelers are cancelling plans and opting to drive, stick closer to home, or wait it out.

Seems like the airlines are responding by having a bit of a freak out.

According to Farecompare.com, the industry is bracing for one of the biggest sales they’ve had in the past 18 months. Airlines are looking to quickly fill empty seats, hold onto dear life for any profits they can squeeze, and create a budget stir.

Keep in mind there’s an even higher chance for overbooking in terms of both holiday travel and fare ** FILE ** An Air France jumbo jet rolls behind the tail of a KLM Royal Dutch airliner at Charles de Gaulle airport in Roissy, north of Paris, in this Sept. 30, 2003, file photo. Air France-KLM, the world's largest airline by revenue, said Thursday Nov. 22, 2007 that second-quarter profit almost doubled thanks to 'dynamic' demand for long-haul flights to Asia and North America. (AP Photo - Remy de la Mauviniere)mania, so use it to your advantage by making up your mind to take the bump and earn yourself a free travel voucher.

Looking for fares under $200? Here are just a few discount fares currently found on Orbitz.com:

New York City to Atlanta $183
New York City to Baltimore $176
New York City to Boston $125
New York Cityto Buffalo $165
New York City to Burlington, VT $185
New York City to Charlotte $124
New York City to Cleveland $173
New York City to Columbus, OH $195
New York City to Dayton $193
New York City to Detroit $145
New York City to Fort Lauderdale $169
New York City to Indianapolis $197
New York City to Jacksonville, FL $195
New York City to Madison $193
New York City to Miami $159
New York City to Milwaukee $164
New York City to Myrtle Beach $171
New York City to New Orleans $195
New York City to Newport News $111
New York City to Orlando $175
New York City to Pittsburgh $181
New York City to Portland, ME $164
New York City to Raleigh/Durham $125
New York City to Richmond $125
New York City to Rochester, NY $165
New York City to San Antonio $196
New York City to St Louis $195
New York City to Syracuse $165
New York City to Tampa $199
New York City to Washington, DC $155
New York City to West Palm Beach $175

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PUBLISHED BY ‘EXAMINER.COM’ (USA)

Posted in AIR TRANSPORT INDUSTRY, ECONOMIC CONJUNCTURE, ECONOMY, EUROPE, FRANCE, INDUSTRIES, INTERNATIONAL | Leave a Comment »

TAM REGISTRA PREJUÍZO DE R$ 112,7 MILHÕES NO TERCEIRO TRIMESTRE (Brasil)

Posted by Gilmour Poincaree on November 10, 2008

Publicação: 10/11/2008 08:47 – Atualização: 10/11/2008 08:50

FolhaNews

A companhia aérea TAM registrou no terceiro trimestre deste ano um prejuízo líquido de R$ 112,7 TAM tem prejuizo de R$ 112,7 milhões neste trimestre - Marcelo Ferreira - CBmilhões, contra um lucro de R$ 48 milhões no mesmo período de 2007. A perda por ação no trimestre passado foi de R$ 0,75, contra um ganho de R$ 0,32 no terceiro trimestre de 2007. Os resultados foram divulgados nesta segunda-feira (10/11).

A receita líquida operacional da empresa no período ficou em R$ 2,896 bilhões, contra R$ 2,061 bilhões no terceiro trimestre do ano passado. O Ebitdar (índice em inglês que representa o resultado operacional antes de despesas financeiras líquidas, depreciação, amortização e arrendamentos) ficou em R$ 423,4 milhões, um aumento de 35% em relação ao mesmo trimestre um ano antes, R$ 312,9 milhões.

No ano passado, a TAM registrou um lucro líquido consolidado de R$ 128,896 milhões, queda de 78,93% na comparação com o lucro de 2006, que atingiu R$ 611,750 milhões.

Para este ano, a previsão da companhia, feita em março, era de alta de 8% a 12% na demanda no mercado doméstico. A expectativa é que a taxa de ocupação de suas aeronaves fique em cerca de 70%.

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Posted in AIR TRANSPORT INDUSTRY, BRASIL, ECONOMIA - BRASIL, INDÚSTRIAS, INDUSTRIES, O SETOR DOS TRANSPORTES | Leave a Comment »

BOEING SAYS CHINA NEEDS 3,710 PLANES OVER 20 YRS

Posted by Gilmour Poincaree on October 29, 2008

29 Oct, 2008, 1206 hrs IST, REUTERS

BEIJING: Boeing Co said on Wednesday that China will need 3,710 new commercial airplanes worth BOEING 747$390 billion over the next 20 years, maintaining its position as the world’s fastest growing aviation market.

China will account for 41 percent of the Asia-Pacific region’s airplane demand, Randy Tinseth, a Boeing vice president for marketing, said in a statement.

The mainland’s air travel and air cargo market growth will more than triple the country’s fleet to 4,560 airplanes by 2027, about the number of airplanes flying in Europe today, according to the statement.

The company said global demand for new commercial airplanes over the next two decades will total $3.2 trillion, or about 29,400 aircraft.

Single-aisle and intermediate twin-aisle planes will make up 91 per cent of China’s total demand in terms of value, while only a limited number of large airplanes (747-size and larger) will be needed.

China is the focus for Boeing and rival EADS’ Airbus unit, which has equally rosy forecasts for the mainland market as its booming economy demands more long-haul planes.

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PUBLISHED BY ‘INDIA TIMES’

Posted in AIR TRANSPORT INDUSTRY, ASIA, CHINA, COMMERCE, ECONOMY, INDUSTRIES, INTERNATIONAL | Leave a Comment »