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Gemini Air Cargo on Wednesday filed for protection under Chapter 11 of the U.S. Bankruptcy Code.

Australian flag carrier Qantas Airways faces rolling strikes by its engineers from next Monday as a pay dispute worsens, posing more headaches for an airline struggling with high fuel prices.

China Eastern Airlines and Shanghai Airlines will launch regular direct flights to Taiwan on July 4, the carriers said in separate statements late Wednesday.

Delta Air Lines said on Wednesday it expected to post a profit in the second quarter, excluding special items, and plans to cut domestic capacity by 13 percent in the second half of 2008.

Air Canada, which plans deep staff and capacity cuts to cope with sky-high fuel prices, may retire wide-body Airbus jets sooner than expected to reduce costs, its chief executive said on Wednesday.

Shares in Airbus parent EADS fell on Thursday after auditors urged the US Air Force to reopen a USD$35 billion contract for mid-air refueling planes won by EADS and US partner Northrop Grumman.

Russian flag carrier Aeroflot said on Thursday its revenues this year would rise 30 percent, but profits would fall on the back of high jet fuel prices.

Scandinavian airline SAS said on Thursday it had abandoned its plans to sell its loss-making Spanair unit due to tough market conditions, sending its shares down 10 percent.

General Electric's commercial aviation arm has initially agreed to invest in a new airport in south China costing more than CNY3.7 billion yuan (USD$537.6 million), its Chinese partner said.

Air Canada will cut 2,000 jobs and crimp its capacity by 7 percent as runaway fuel prices sap the profitability of many of its routes, the country's biggest airline said on Tuesday.

The chairman and chief executive of US Airways has boosted his direct stock holdings in the airline by 72 percent through open market purchases, according to a regulatory filing on Tuesday.

Spanish airline Iberia is suffering from higher oil prices but should still make a profit this year, the head of its main shareholder, Caja Madrid, said on Tuesday.

The European Commission has launched a new probe into whether regional authorities break EU state aid rules by funding local airports used by Irish budget airline Ryanair, this time at Frankfurt's Hahn Airport.

Virgin America, the low-cost US airline partly owned by Britain's Virgin Group, said on Tuesday it would cut flying capacity by about 10 percent in the fourth quarter from previously estimated levels, as it deals with high oil prices.

Singapore Airlines, the world's second-biggest airline by market value, said on Wednesday that it will raise fuel surcharges for tickets issued from June 24 due to the sustained increase in jet fuel prices.

The former number two at EADS, ex-strategy chief Jean-Paul Gut, has been placed under formal investigation in a French probe into suspected insider trading, a judicial source said on Wednesday.

Northwest Airlines is to reduce the number of seats for sale in the fourth quarter and cut its work force as it struggles with sky-high fuel costs.

US airlines project that they could lose USD$10 billion in 2008 due to skyrocketing fuel costs, a sum that would almost match the industry's worst-ever year loss in 2002.

A controversial US air freight firm is closing its Scottish base with a loss of almost 50 jobs, the Sunday Mail reports.

Travellers passing through Southampton Airport spent over £3 million on new check-in desks and self-service kiosks, with two of these kiosks located in the short-stay car park to enable flyers to check-in before even entering the terminal building. Baggage handling systems at the hub have also been improved to increase the number of bags that can be processed every hour.