airline

Argentine congress moves toward airline takeover

Thu, 27 Nov 2008 17:00:37 -0600

Argentine lawmakers are moving to expropriate the country's biggest airline from its Spanish owners, who want to be paid for their property.

New Alitalia owners not ready to take over on time

Thu, 27 Nov 2008 08:28:20 -0600

The Italian investors taking over bankrupt Alitalia are not ready to assume control on Dec. 1 as planned, but the airline will continue to operate, the country's aviation authority said Thursday.

Lufthansa to launch airline in Italy

Wed, 26 Nov 2008 09:02:29 -0600

Germany's biggest airline, Deutsche Lufthansa AG, said Wednesday it will launch a new Italian carrier early next year that will offer flights to European destinations from Milan.

Aer Lingus, union reach deal to avert strike

Thu, 20 Nov 2008 14:09:59 -0600

Aer Lingus and Ireland's largest union reached a tentative labor deal Thursday that removes the threat of an imminent strike from the loss-making airline.

Spanish company says Argentina breached agreement

Wed, 19 Nov 2008 16:53:49 -0600

Argentina's government has violated the terms of a deal to nationalize the country's largest airline, the carrier's owner said Wednesday.

Spain: Iberia profits plummet

Wed, 12 Nov 2008 05:29:43 -0600

Spanish airline Iberia said Wednesday its 3rd-quarter profits plummeted 80 percent to 30.4 million euros ($38.8 million) compared to the same period of 2007, as international economic slowdown sapped demand.

Bid for Serbia's airline fails

Fri, 07 Nov 2008 05:36:26 -0600

Serbia has failed to sell its controlling share in troubled carrier JAT Airways to international bidders, the state's privatization agency said Friday, forcing the government to bail out the debt-laden company.

Singapore Airlines profit drops on fuel costs

Thu, 06 Nov 2008 20:50:50 -0600

Singapore Airlines Ltd. said its July-September profit fell 36 percent as fuel costs boosted expenditures. The airline warned passenger demand may drop next year.

Air Berlin to shutter dba flights Nov. 30

Thu, 30 Oct 2008 11:59:58 -0500

Air Berlin PLC said Thursday it will close its dba airline unit at the end of November, a planned move to fold it into the parent company.

Northwest Delta Merger Approved by Shareholders

Thu, 25 Sep 2008 14:37:24 -0500

FOXBusiness The shareholders of Northwest Airlines have approved a merger with Delta Airlines , a move that would create the largest airline in the world.