- Spa Strategy Opens a New London Office[Aug. 24, 2006]
Spa Strategy is opening a new London office, spearheaded by spa authority Claire Way.
- FAA Imposes Slot Rule at Chicago O'Hare[Aug. 24, 2006]
US FAA released a final albeit interim rule finalizing slot limits at Chicago O'Hare that originally were imposed on a temporary basis in 2004.The rule takes effect Oct. 29, 2006, and terminates Oct. 31, 2008, at which point it is expected that the opening of a new runway under the O'Hare Modernization Plan will allow the airfield to accommodate more than "50,000 additional forecast operations" annually.
- US Government Opposes Northwest Strike[Aug. 24, 2006]
US Dept. of Justice yesterday waded into the dispute between Northwest Airlines and its flight attendants, arguing in a Statement of Interest filed with the US District Court for the Southern District of New York that the Assn. of Flight Attendants-CWA does not have the right to strike because the parties still are bound by the Railway Labor Act.
- Cross Shareholdings Btn CA & CX Established[Aug. 24, 2006]
The shareholders of Air China, Cathay Pacific Airways, China National Aviation Company (CNAC) and CITIC Pacific have approved the proposed shareholding realignment which will establish cross shareholdings between Air China and Cathay Pacific.
- Virgin Blue Keeps Positive About Challenges[Aug. 23, 2006]
Airline Virgin Blue Holdings Ltd says it is better positioned to face challenges ahead, but remains cautious because of the continued rise in fuel prices.
- Taiwan's China Airlines' 2Q Loss Doubles[Aug. 25, 2006]
Taiwan's China Airlines lost TWD257.1 million ($7.8 million) in the second quarter, double its TWD124.1 million loss in the year-ago quarter, according to a filing with the Taiwan stock exchange cited by the Associated Press in Taipei.Revenues climbed 12% to TWD28.86 billion, but "oil remained our main problem in the second quarter, with fuel accounting for over 40% of costs," a spokesperson said.
- Sydney Airports Reports Strong Profit[Aug. 23, 2006]
Sydney Airport operator Macquarie Airports (MAp) says it will focus on its existing portfolio, rather than new acquisitions over in the next six months after reporting a strong profit.
- Dragonair Announces CEO Departure[Aug. 23, 2006]
Dragonair today announced the resignation of CEO Stanley Hui. He will leave the company on August 29 after almost 10 years in the post.
- Virgin Blue Poised to Sign up a Partner[Aug. 24, 2006]
Virgin Blue believes it can boost its bottom line by up to $160 million by developing partnerships with other airlines.
- Black Boxes Found in Aircraft Wreckage[Aug. 24, 2006]
Investigators last night recovered both the flight data recorder and the voice recorder from the wreckage of a Russian passenger plane that crashed into a Ukrainian field after apparently being hit by lightning during a severe thunderstorm, killing all 170 people aboard.