Freight terminal permit approved 2008-5-13FedEx Corp. is planning to spend up to $40 million on a trucking facility near Memphis International Airport, real estate sources say.
BA seeks new operations director; potential Walsh successor 2008-5-13British Airways has hired headhunter Whitehead Mann to search for a chief operating officer to replace the two directors who lost their jobs after the Terminal 5 fiasco at Heathrow. According to press reports, the appointee should be capable of joining the main board within 2 years, and is seen as a potential successor to current Chief Executive Willie Walsh within 5 years.
Ryanair to halve fares; predicts more airline failures 2008-5-13Ryanair plans to cut its ticket prices by half despite soaring fuel prices, helping it grow substantially, Michael O'Leary, the company's chief executive, told German paper Frankfurter Allgemeine Sonntagszeitung. He also predicted more airline failures and said that he would leave the airline in 2 - 3 years.
BA 'risks revolt as dividend blocked' 2008-5-13British Airways will disappoint shareholders again this week by refusing to pay a dividend, even though the airline is expected to announce record profits of about 870m later this week, the Daily Mail reports.
BA T5 move will not be completed until 2009 2008-5-13British Airways CEO Willie Walsh admitted during his grilling by a House of Commons Transport Committee on the Heathrow Terminal 5 debacle last week that BA's final long-haul flights to Australia will not be moved from Terminal 4 until January or February 2009, abtn reports.
Virgin want 'truly open skies' 2008-5-13Virgin Atlantic has warned European Union and US negotiators they must 'unshackle' the aviation industry, ahead of their latest round of talks this week, the Telegraph reports.
Air Arabia Q1 Profit Almost Doubles 2008-5-13Air Arabia, the Middle East's largest low-cost carrier, said first-quarter profit almost doubled after it carried more passengers.
BA Seeks Chief Operations Officer After T5 Fiasco 2008-5-13British Airways is seeking to fill a new role of chief operations officer to replace two executives who quit in the wake of the Heathrow Terminal 5 fiasco.
WestJet Adds Fuel Surcharge 2008-5-13WestJet Airlines said on Monday it will add a ticket surcharge of up to CAD$45 per flight to cope with high fuel prices, joining larger rival Air Canada, which last week also added a levy on its tickets because of surging crude costs.
LAN April Passenger Traffic Up 7.8 Percent 2008-5-13Chile's dominant airline LAN said on Monday its passenger traffic rose 7.8 percent in April compared with the same month last year.
United Names New Chief Operating Officer 2008-5-12United Airlines on Thursday named John Tague to the position of chief operating officer, a move one industry expert said may represent a management reshuffling ahead of a possible merger with US Airways.
Ex-Qantas Exec To Serve 8 Months For Price Fixing 2008-5-12A former Qantas vice president will serve eight months in prison as part of a plea agreement for conspiring to fix prices for shipping air cargo, the US Department of Justice said on Thursday.
Frankfurt April Traffic Rises 2.2 Percent 2008-5-12Frankfurt Airport operator Fraport said the number of passengers passing through the airport last month rose 2.2 percent to 4.47 million, according to preliminary figures.
Reluctant Banks Put BAA Bondholder Talks In Doubt 2008-5-12Ferrovial's UK airports arm said it may not be able to start talks with bondholders about a massive refinancing as soon as planned, knocking the Spanish firm's shares on Friday.
British Airways To Move More Flights To T5 2008-5-12British Airways and airports operator BAA said on Friday they would move a new phase of long haul flights to Heathrow's Terminal 5 building on June 5.
Austrian Airlines May Take On Partner 2008-5-12Austrian Airlines, which is struggling to complete a deal with a key investor, could also consider working with a strategic partner, its chief executive said in an interview on Friday.
Hainan Airlines Plans CNY3 Bln Bond Issue 2008-5-12Hainan Airlines, China's fourth-largest air carrier, said on Friday that it planned to issue up to CNY3 billion yuan (USD$429 million) in five and 10-year corporate bonds to pay back bank debt and supplement working capital.
Fuel Prices Hamper Air Canada Sale 2008-5-12Surging jet fuel prices have cut odds that Air Canada will be sold in the near future, although its parent, ACE Aviation, plans to wind itself up within six months, ACE Chief Executive Robert Milton said.
Dubai Airport Aims To Avoid Heathrow Debacle 2008-5-12Dubai plans to open its new USD$4.5 billion airport terminal gradually rather than with "a big bang" to avoid the chaos that marked the opening of Heathrow Airport's Terminal 5 in March, which is 25 percent smaller.
EADS Underscores Commitment To US Production 2008-5-12Europe's EADS said on Friday its on-time and on-cost deliveries of light utility helicopters to the US Army underscored the company's long-term commitment to producing aircraft in the United States, despite concerns raised by some US lawmakers.
