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airlines
AVIATION
EasyJet's full-year profits down 64.5%, but forecasts improvement in 2010
British low-cost company EasyJet has posted a 49.2 million euro pretax profit for 2009 compared to last year's 137.65 million profit. The group explains it is due to high fuel costs and underlines the number of passengers up 3.4 percent.
AVIATION
Fighter jets steal the spotlight at the Dubai Airshow 2009
With the financial crisis pinching airline pockets, the spotlight at the Dubai Airshow 2009 was on defence deals, with the USA’s surprise showcasing of the Lockleed Martin F-22 Raptor and France looking to sell the UAE its Rafale combat jets.
AVIATION
British Airways announces more job cuts to stem losses
Embattled airline British Airways says it will cut the equivalent of 1,700 jobs through voluntary departures and switches to part-time work. The British carrier is also planning a two-year pay freeze as part of aggressive action to stem losses.
AVIATION
A further 6,800 jobs to go at Japan Airlines
In an effort to return to profit, Japan Airlines has announced it is to slash 6,800 jobs, representing 10 percent of its workforce. The company, which has already made big cuts in recent years, lost over one billion dollars between April and June.
TERRORISM
UK court sentences three to life in prison for airline liquid bomb plot
Three British Muslims were sentenced to life in prison by a British court on Monday for plotting to blow up transatlantic flights leaving from London with liquid bombs. The plot's ringleader was sentenced to a minimum of 40 years in jail.
TERRORISM
UK court sentences three to life in prison for airline liquid bomb plot
Three British Muslims were sentenced to life in prison by a British court on Monday for plotting to blow up transatlantic flights leaving from London with liquid bombs. The plot's ringleader was sentenced to a minimum of 40 years in jail.
MEXICO
Hijack drama ends peacefully, suspects detained
An AeroMexico passenger plane was hijacked in the popular Mexican resort of Cancun Wednesday and flown to Mexico City's airport. Local law enforcement now has the situation under control, arresting nine suspects and releasing all passengers.
AVIATION
Lufthansa becomes new owner of Austrian Airlines
After over a year of negotiations, Lufthansa has officially taken over indebted Austrian Airlines in a deal costing 220 million euros, threatening the dominance of rival Air France-KLM in Europe.
AIRLINES
SkyEurope bankruptcy leaves thousands of passengers stranded
Slovakia-based low-cost airline SkyEurope announced it had filed for bankruptcy Tuesday, causing all of its flights to be cancelled. Thousands of passengers found themselves stranded across Europe, as competitors vied for their business.
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