AIR TRANSPORT ASSOCIATION

The Air Transport Association (ATA) is America’s oldest and largest airline trade association. ATA’s 18 member airlines and their affiliates transport more than 90 percent of U.S. airline passenger and cargo traffic. U.S. airlines founded the association in 1936 and it is based in Washington, D.C.

Lufthansa To Lay Off 3,500 In Restructuring

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 operating loss of ?381 million ($499 million), compared to a loss of ?169 million a year earlier.

EU Airline Carbon Tax: Foes Agree on Tactics

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.

Airlines Call for U.N. Deal to Avert Carbon Trade War

Global airlines on Sunday called for a deal brokered by a United Nations agency to avoid an impasse between China and the European Union over jet pollution spilling into a trade war. Airlines are being squeezed between conflicting laws, the head of the International Air Transport Association said.

China Bars its Airlines from EU Emissions Scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.

Global Airlines May be Wary of Investing in India's Carriers

New Delhi's expected move to allow global airlines to own as much as 49 percent in Indian carriers has been welcomed by investors as a potential lifeline for an industry mired in $20 billion of debt and on course to rack up $3 billion in annual losses. But aviation-industry experts say any celebration is premature.

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France's President Sarkozy and Finance and Economy Minister Baroin accompany US Treasury Secretary Geithner at the Elysee Palace in Paris

Germany Pours Cold Water on EU Summit Hopes

Pessimistic comments from EU paymaster Germany and new figures exposing deepening stress among Europe's banks dented financial market hopes of a turning point in the Eurozone's debt crisis at a summit this week.
Airline Sunset

Airlines Brace for Heavy Impact of Europe Crisis

The airline industry's leading trade group warned on Wednesday that airlines worldwide face over $8 billion in losses next year if Europe's politicians fail to get to grips with the region's debt crisis.
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