MAR
11
EU raids offices of int'l airlines over price-fixing
From Xinhua
BRUSSELS, March 11 (Xinhua) -- European Union (EU) antitrust inspectors on Tuesday raided the premises of a number of international airlines for possible price-fixing on Europe-Japan flights. "These carriers provide scheduled passenger air transport services on long-haul routes between Europe and a third country," the European Commission said in a statement, without disclosing the airlines targeted and the third country, which is usual practice.
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Airlines
FEB
26
Price Hikes Lift Euro Airlines Higher
From Forbes
But global consolidation opportunities for European airlines, as well as the potential of passing on higher energy costs to consumers, gave their shares some thrust Monday afternoon. The "Open Skies" agreement between Europe and the United States has loosened investment regulations, with European airlines now able to acquire 25% of the voting rights, or 50% of the equity, of any U.S. airline.
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Airlines
FEB
26
Malaysia Airlines says 4Q profit doubles to push earnings for year ...
From International Herald Tribune
KUALA LUMPUR, Malaysia : Malaysia Airlines said Monday its net profit doubled in the fourth quarter to push 2007 earnings to a record result, highlighting the carrier's return to black after two years of losses. Profit in the quarter through December jumped to 242 million ringgit (US$75 million; For the year, the carrier earned 851 million ringgit (US$264 million; 185 million), compared to a loss of 136 million ringgit in 2006. The carrier unveiled a five-year growth plan last month to raise...
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Airlines
FEB
26
Airlines :: RE: AA passenger dies, lack of O2
From discussions.flightaware.com//
There's no reason to divert to remove a dead body. It takes a certain amount of time to divert, usually 30-40 minutes. There's no reason to divert to remove a dead body. There's no reason to divert to remove a dead body. What if the airplane was still to heavy to land in Miami, and the pilot decided that instead of maneuvering and possibly having to dump fuel, that, for the safety of the passengers with a pulse, it would be wiser and safer to continue to the planned destination? There's no...
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Airlines
FEB
26
Foreign Airlines Seek Opportunities In Any US Consolidation
From CNNMoney.com
CHICAGO -(Dow Jones)- U.S. airline-merger talk is piquing the interest of foreign airlines toward consolidation as a gateway to global expansion, but U.S. regulations would limit their reach. In addition to antitrust concerns, international link-ups between foreign and U.S. carriers are hampered by U.S. Department of Transportation regulations limiting to 25% the foreign ownership of a domestic airline. Brian Pearce, chief economist for the International Air Transport Association, the...
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Posted Under:
Airlines