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U.S. airlines may lose as much as $13 billion in 2008 as surging fuel prices outpace fare increases, the chief of the Air Transport Assn. told a Senate committee Tuesday.

High prices for aviation fuel are forcing many private pilots to reduce recreational flying.

A small, Portland-based airline has announced plans to do what giant, Dallas-based Southwest Airlines could not three years ago: set up air service between Seattle and another major city from Boeing Field.

Negotiations have begun in earnest on another short-term extension of aviation programs and taxing authority for the Federal Aviation Administration which the Senate could pass this week.

Two large beverage companies have reinforced the trend towards ethical sourcing in the past week.

Two significant suppliers have refused to renew arrangements with Walmart-owned UK supermarket chain ASDA due to low or negative real margins.

Claims that foreign beef is British by some UK restaurants has prompted calls for tighter regulations in the food industry.

Development of WiMAX data transfer systems are expected to ramp up in remote parts of Indonesia.

Paris hosted the most recent JEC Composites show and broke attendance records.

Kasikorn Bank (KBank) has launched the first Pay Wave credit cards featuring contact-less technology.

Emirates NBD announced the launch of its special finance scheme for UAE nationals, which is designed to offer them fin-ance amounts of up to Dh2 million to meet both their business and personal finance needs.

Gold rose 3 per cent in Europe on Monday as the dollar weakened further against the euro in the wake of weaker than expected US manufacturing data and more hawkish comments from the European Central Bank.

As part of an ongoing branding initiative to promote Abu Dhabi to millions of airport users, Abu Dhabi Airports Company (ADAC) has launched a new identity for its international airports in Abu Dhabi and Al Ain that connects it to the brand of Abu Dhabi, a statement said.

Dubai Shopping Malls Group (DSMG) on Monday announced prizes worth Dh4.5 million to be won during Dubai Summer Surprises (DSS) 2008, as part of its promotion plans.

Foreign trade through Sharjah, the UAE's third largest emirate, surged 47.5 per cent to Dh43.5 billion last year, up from Dh29.5 billion in 2006, according to the Sharjah Economic Development Department (SEDD).

Oil surged to a new record high on Monday of nearly $140 a barrel, because of weakness in the US dollar which offset the mpact of plans by Saudi Arabia to boost output.

Vehicles older than 20 years will be banned from the UAE's roads from January, the Ministry of Interior announced on Sunday.

Saudi's Industrial Services Organisation (ISO) has secured an order for ten new tug and safety vessels with Saudi shipbuilders Zamil Operations and Maintenance Co. (ZOMCO).

The Middle East aviation industry will continue to record strong growth in spite of the global economic slowdown and soaring oil prices, the chairman and CEO of Dubai-owned airline Emirates said on Monday.

Bankrupt business class-only airline Silverjet on Monday conceded defeat in its battle to get back in the air, announcing it has given up on trying to find a buyer for the company.