The aerospace industry promised at the climate conference in Copenhagen to halve its carbon emissions by 50 percent by 2050. In addition to emission reduction, any growth in the industry is to be climate neutral by 2020, writes News Agency Six under DI. – It was a fairly long process. The discussions began early this [...]

Despite no signs of recovery, Air France-KLM believe they can reach profitability early next year. On April 1 next year, the financial year 2010/2011 starts for Air France-KLM. As early as the beginning of that fiscal year Air France-KLM CEO Pierre Henri Gourgeon aims on achieving profitability, even though there are no clear signs of [...]

There are “signs of an upturn” in the number of airline passengers on first or business class — a measure of business confidence and the most lucrative sector for carriers, IATA said on Thursday. Latest July statistics from the International Air Transport Association add to flickering signs of recovery in the economy but offer little [...]

The Russian airline Aeroflot is planning to cut staff by 2,000 employees, which represents 13 percent of its workforce, within the next six months. This was communicated by  a spokeswoman for the company on Thursday. The airline’s profits have plummeted because of rising fuel prices.

The airline is increasing its flights to Europe by 40 percent. Qatar Airways increases frequency of flights to Madrid, Paris, Athens and Stockholm. From Qatar to Paris the flights increase with three a week, to Madrid with four trips a week and to Stockholm with an extra flight each week. -”Europe is one of our [...]

Low cost airline SkyEurope canceled all upcoming flights and is applying for bankruptcy. Yesterday, the Slovak low-cost company SkyEurope canceled all flights with immediate effect and applied for bankruptcy, according to Airwise. The airline was launched in 2001 and has flown mainly in continental Europe. In June, the airline adopted a three-month reprieve from its [...]

In protest against a proposed wage cut, 20000 employees went on a hunger strike at Air India. Managing Director at Air India, Arvind Jadhav, has proposed to cut down the salaries of the employees at the company. The productivity-based part of their salary, which usually amounts to around one third of their total salary, will [...]

Lufthansa are discussing a sale of British Midland to Virgin Atlantic. According to the Sunday Times, Lufthansa and Virgin Airlines are in preliminary discussions regarding a sale of British Midland. Lufthansa currently owns 80 percent of BMI and SAS holds the remaining 20 percent. Stephen Gernkow, Lufthansa’s chief financial officer, confirms that the company is [...]

SAS will have to save a further $260 million after reporting a half-year loss of over a $130 million. A completely new cost savings program, amounting to $260 million, is to be introduced by the SAS after the airline reported losses of $130 million for the first half and $137 for the second quarter. – [...]