- Air France-KLM CEO Quits Alitalia Board[Jan. 18, 2007]
Air France-KLM chairman and CEO Jean Cyril Spinetta resigned from the Alitalia board on January 17, sending flutters through financial circles where his airline is seen as a possible bidder for the Italian one.
- Airbus Delays Cause Losses[Jan. 18, 2007]
Airbus SAS, the world's largest maker of commercial aircraft, posted a loss last year after delays to the A380 superjumbo jet increased costs and led customers to buy Boeing Co planes, Bloomberg New reported.
- GE to Buy Smiths Aerospace Unit[Jan. 16, 2007]
General Electric Co, the world's biggest jet-engine maker, agreed to buy Smiths Group Plc's aerospace business for US$4.8 billion amid record demand for commercial aircraft.
- GE Close to Acquiring Smiths Group[Jan. 15, 2007]
General Electric is close to an agreement to buy the aerospace division of British industrial firm Smiths Group PLC for about 2.5 billion pounds, The Wall Street Journal reported on its website.
- Qantas to Reduce Fuel Surcharges[Jan. 16, 2007]
On January 16, Qantas announced it would reduce its domestic fuel surcharges and further reduce some of its international surcharges for tickets issued on or after Tuesday 23 January 2007.
- Qatar Airways Adds Another Aircraft to Its Cargo Fleet[Jan. 15, 2007]
Qatar Airways added an Airbus A300-600 plane to its cargo fleet and plans to start cargo flights between Doha and Madrid next month.
- JAL Seeks 60 Billion Yen in Loans[Jan. 15, 2007]
Japan Airlines Corp, Asia's largest carrier, plans to seek 60 billion yen (US$498 million) in loans by March 31 to help pay its debt.
- Swissair Trial Puts Swiss Financial Establishment in The Dock[Jan. 14, 2007]
Former executives of Swissair and leading lights in Switzerland's financial establishment will go on trial for their role in the spectacular collapse of an airline that was once a watchword for excellence.
- ST Aerospace Wins Massive AirAsia Deal[Jan. 13, 2007]
Singapore Technologies Engineering Ltd said its unit won a US$130 million contract from AirAsia Bhd to provide maintenance services for plane components.
- US Airways Raises Offer to Merge with Delta Air Lines[Jan. 11, 2007]
U.S. Airways Group Inc. announced on January 10 that it had raised its offer by almost 20 percent to 10.4 billion dollars to merge with Delta Air Lines Inc.