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Southwest Airlines said on Wednesday its board elected chief executive Gary Kelly as chairman.

The Italian government has agreed to convert a EUR300 million euro (USD$473 million) emergency loan to Alitalia into an asset on the ailing carrier's books, in a surprise move to win auditor approval for the airline's precarious finances.

Rising oil prices are hurting Ryanair, chief executive Michael O'Leary said on Wednesday, but Europe's biggest low-cost airline can still avoid making a loss with oil prices at USD$125 a barrel.

A rescue plan for ailing carrier Alitalia calls for investment of EUR1.4 billion euros (USD$2.18 billion), an Italian newspaper said on Tuesday, but the adviser drafting it said it was too early to talk about numbers.

Another six Norwegian airports closed on Tuesday as a ground workers' strike escalated and continued to pinch the oil industry relying on airports in western Norway for access to its offshore oil and gas platforms.

State-controlled Malaysia Airlines on Tuesday reported a 9.8 percent drop in first-quarter profit due to higher fuel costs.

US health inspectors found paint chips and other debris in equipment used to deliver drinking water to Atlantic Southeast Airlines planes in Kansas, regulators said on Tuesday.

Bombardier said on Tuesday it has won an order for business aircraft worth up to USD$1.2 billion from Switzerland's VistaJet.

Argentina's government raised domestic air fares on Tuesday for the second time in just over a month, responding to complaints from airlines about rising fuel and wage costs.

Scandinavian airline SAS is flying slower to save on fuel costs and curb emissions of carbon dioxide in a new push to green up its image.

AIR Cargo News has learned that DHL Global Forwarding's president and chief executive officer, Chris Fahy (right), has reached an agreement to leave the company. The move was exclusively predicted by Air Cargo News issue 624, following a major restructuring in March.

ITALIAN all-freight airline Cargoitalia, is searching for a buyer in the face of financial difficulties, as yet another widebody freighter operator suffers at the hands of the record high oil prices.

The US government on Friday proposed to auction some takeoff and landing rights at the New York area's two international airports, as a way to boost competition, a plan that drew sharp criticism from airlines.

Taiwan carrier China Airlines said on Monday it needs to wait until cross-strait relations improve before it decides whether to cut its Hong Kong-Taiwan passenger flights.

Vietnam will reduce the import duty on fuel and oil products used in the aviation sector to 5 percent from 15 percent to help domestic airlines avoid raising airfares, state media reported on Monday.

XOJet, a private aviation company backed by buyout firm TPG, said it has arranged USD$2.5 billion of financing to expand its fleet and better compete with rivals such as NetJets, owned by Warren Buffett's Berkshire Hathaway.

A ground workers' strike which has shut six Norwegian airports, and may close a further six on Tuesday, is affecting the North Sea oil and gas industry by hindering helicopter flights to offshore platforms.

Russia's first new passenger plane since the 1991 fall of the Soviet Union, the Superjet-100, took off on its maiden test flight on Monday, inching Moscow closer to the lucrative regional civil aviation market.

Alitalia denied it was having difficulty paying its staff as the troubled airline waits to see if any new investors can save it from bankruptcy.

Greek carrier Aegean Airlines reported on Monday a loss of EUR4.4 million euros (USD$6.86 million) in the first quarter, wider than the EUR2.6 million deficit in the same period last year.