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DIAL signs upgrade agreement

: Latest News; Friday, 28 August 2009

Delhi International Airport (DIAL) has signed a 25 year concession agreement with óelebi Hava Servisi of Turkey to upgrade, modernise, finance, operate, maintain and manage the existing Cargo Terminal at IGI Airport, New Delhi.

Air India staff on hunger strike

: Latest News; Friday, 28 August 2009

More than 20,000 employees of India’s Air India are on a three-day hunger strike to protest plans to cut their pay.

Aer Lingus loss tripled

: Latest News; Friday, 28 August 2009

Irish airline Aer Lingus's 2009 first-half net loss has more than tripled to EUR73.9 million on revenues of EUR555 million.

Air NZ net drops 90 per cent

: Latest News; Friday, 28 August 2009

New Zealand’s Air New Zealand plans to cut capacity and drive other cost savings after it reported a 26 per cent fall in full year normalised earnings before tax of NZ$145 million and bottom line net profit down 90 per cent at A$21 million.

Toll posts profit

: Latest News; Friday, 28 August 2009

Australian logistics company Toll Holdings has posted net profit for the year to June 30 of A$270.3 million.

Australian airfreight exports up in June

: Latest News; Friday, 28 August 2009

Airfreight exports from Australia were up 4.3 per cent in June at 23,182 tonnes, according to Bureau of Infrastructure, Transport and Regional Economics (BITRE) figures.

Asia Pacific July cargo down 11.4pc

: Latest News; Friday, 28 August 2009

The Association of Asia Pacific Airlines (AAPA), which represents 17 major airlines in the region, says members’ international cargo traffic measured in FTKs fell 11.4 per cent year-on-year in July.

Air China-Cathay cargo jv closer

: Latest News; Friday, 28 August 2009

China’s Air China says it now hopes to launch its delayed air cargo joint venture with Cathay Pacific Airways later this year.

Turkish results down

: Latest News; Thursday, 27 August 2009

Turkish Airlines has reported a net profit of EUR48 million for the first six months of 2009, down 64 per cent year-over-year. It had reported a EUR73.6 million profit in Q1 2009, indicating the difficult trading conditions in the second quarter.