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Air France crash (update 2)

: Latest News; Thursday, 04 June 2009

Brazilian navy ships are en route to the Air France crash site in the Atlantic but with little expectation that they will be able to recover the flight recorders and with no hope of finding survivors.

Aviacsa grounded

: Latest News; Thursday, 04 June 2009

Mexican authorities have grounded Aviacsa airline for up to 60 days after officials reported irregularities in the maintenance of 25 planes. The action effectively shuts operations at the airline, which has a fleet of 26 planes serving 17 Mexican cities and Las Vegas.

Lufthansa denies LOT takeover

: Latest News; Thursday, 04 June 2009

Germany's Lufthansa has dismissed as "rumours", industry talk that the group is exploring a takeover of its Star Alliance partner, the Polish state-controlled carrier LOT SA. LOT is expected to be partially privatised this year.

Cargo stabilising for Cathay

: Latest News; Thursday, 04 June 2009

Cathay Pacific Airways ceo Tony Tyler says the airline's cargo business is stabilising, and he does not expect to encounter difficulty financing aircraft orders. "On the cargo side, things have stopped getting worse," he said in Singapore.

2009 worse than expected, but airfreight may have hit its floor – IATA

: Latest News; Thursday, 04 June 2009

The International Air Transport Association (IATA) industry forecast for 2009 – to be released June 8 - will be “substantially worse” than its March estimate of losses of US$4.7 billion, according to IATA chief executive officer Giovanni Bisignani, although airfreight may have hit its floor.

New look for Qantas Freight at Tullamarine

: Latest News; Thursday, 04 June 2009

Qantas Freight has officially opened its new Freight Terminal at Melbourne International Airport.

Malaysia readies for IATA agm

: Latest News; Thursday, 04 June 2009

Aviation leaders will gather in Kuala Lumpur, Malaysia next week for the International Air Transport Association (IATA) Annual General Meeting and World Air Transport Summit.

Rising oil prices hitting airlines again

: Latest News; Thursday, 04 June 2009

Virgin Atlantic boss Sir Richard Branson says he expects a major US airline will fail this year as a result of the travel slump and rising oil prices.

No bottom line joy for carriers any time soon

: Latest News; Thursday, 04 June 2009

Investment banker Goldman Sachs says airline traffic may be stabilising, but it is doing so at lower levels than previously considered normal and capacity cuts still have not outstripped falling loads.