Latest News

Friday, 20 February 2009

Air Canada’s financial position is being questioned after it turned in a 2008 C$1 billion loss.  With only a reported C$1 billion in cash, the Canadian carrier has a large pension deficit and C$1 billion in debt repayments due over the next two years, including $660 million this year alone.

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Wednesday, 18 February 2009

January usually is a peak month for travel in Russia, with Russians keen to holiday in warmer destinations. However, last month, air freight was down more than 33 per cent and passenger traffic fell by 20 per cent.

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Wednesday, 18 February 2009

For the second time in four weeks, a South African Airways flight crew has been detained at Heathrow airport, London, UK after Customs found what was believed to be a drug haul in their luggage.

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Wednesday, 18 February 2009

Australia’s Qantas is to cut direct flights from Sydney to China’s Beijing and from Melbourne to Shanghai, but will increase flights between Sydney and Shanghai.

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Wednesday, 18 February 2009

Europe’s Air France-KLM says it is to axe as many as 1,200 more jobs and will delay delivery of about five aircraft on order, though it will not cancel any orders.

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