Aviation News
New Airports Part Of Drive To Revive Indian Economy PDF Print E-mail

India's government vowed to push ahead with major transport projects including three airports in the current financial year, buoying stocks in infrastructure companies with an attempt to inject some life into the flagging economy.

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IATA Reaffirms Forecast For Airline Profits PDF Print E-mail

Global airlines are bracing for Europe's debt crisis to worsen during the year, warning it would wipe out the benefit to the industry of lower fuel prices.

The International Air Transport Association (IATA) left its 2012 global airline profit forecast unchanged at USD$3 billion, masking a widening gap between regions as only North and South America saw their profit outlook improve.

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China Eastern To Cut Debt Ratio By End-2015 PDF Print E-mail

China Eastern Airlines, one of China's top three carriers, aims to cut its debt-to-assets ratio to below 70 percent by the end of 2015 from its current 81 percent, its chairman said on Monday, amid a new round of capital injections by the government to support the country's aviation industry.

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Turkish Airlines Abandons Talks With LOT PDF Print E-mail

 

Turkish national carrier Turkish Airlines said on Friday it had withdrawn from talks for a possible partnership with Poland's LOT.

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Turkish Air Considering Fuel-Efficient Jets PDF Print E-mail

 

Turkish Airlines (THY) is studying a possible purchase of revamped medium-haul jets being offered by Airbus or Boeing, its chief executive said.

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