By IBTimes UK
Latest report reveals that a majority of airlines only implement hedging procedures for 21% – 40% of its total fuel for a year, in a bid to guard against rising oil prices. (May 08)
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CRUDE OIL, MANAGEMENT
By IBTimes UK
Franco-Dutch airline is the third aviation company this week to report losses stemming from rising fuel costs (May 04)
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CRUDE OIL, CRUDE OIL, GERMANY
By IBTimes
Deutsche Lufthansa AG (FRA: LHA) announced Thursday it will lay off 3,500 administrative employees over the next couple of years as part of its plan to save $2 billion by 2014. The news comes a day after the airline announced a first quarter operatin... (May 03)
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GERMANY
By IBTimes
The Indira Gandhi International Airport in Delhi, India, is set to become the costliest airport in the world, as the Delhi International Airport Ltd (DIAL) that operates the airport has got approval to hike the airport charges. (Apr 26)
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INDIA
By IBTimes
An ATR-72 twin-engine turboprop carrying 43 people crashed during an attempted emergency landing in a snow-covered field near Tyumen, in western Siberia. (Apr 02)
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MANUFACTURING, RUSSIA, DMITRY MEDVEDEV, CUBA, AGING
By Reuters
Concerns raised by Delta Air Lines <DAL.N> about the fairness of U.S. Export-Import Bank loans to help Boeing <BA.N> export aircraft are complicating President Barack Obama's push to quickly renew the bank's charter. (Mar 14)
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DUBAI, MANUFACTURING, EUROPEAN UNION, COURT, WHITE HOUSE, INDIA
By IBTimes IN
The Service Tax Department has come down heavily on the Jet Airways for non-payment of service tax dues amounting to about Rs 69 crore. (Mar 12)
By IBTimes
China has blocked purchases of Airbus planes by Chinese companies in reaction to a controversial European carbon tax, the CEO of Airbus parent European Aeronautic Defense & Space Co. NV (Paris: EAD) said Thursday. (Mar 08)
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CHINA, EUROPEAN UNION, RUSSIA, INTERNATIONAL LAW
By Reuters
Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war. (Feb 23)
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CHINA, EUROPEAN UNION, UNITED NATIONS, RUSSIA, INDIA
By Reuters
Global planemaker Airbus joined a chorus of concern that a European scheme to charge airlines for carbon emissions risks triggering a full-blown trade war, with implications for plane deals and even Europe's crippling sovereign debt crisis. (Feb 13)
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CHINA, SOUTH KOREA, COURT, UNITED NATIONS, RUSSIA, UNITED ARAB EMIRATES