October 2008

Iberia marks first anniversary of Prague, Warsaw flights

October 30, 2008

Iberia has marked its first anniversary of first flight from Madrid to Warsaw and to Prague. In this period the Iberia has carried more than 54,000 passengers on the Madrid-Warsaw route, with a cabin occupancy rate of 78.16%. In addition to Madrid, the main destinations of incoming passengers from Poland are Seville, Malaga, Tenerife, Valencia, [...]

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UPS begins construction of intra-Asia hub in Shenzhen

October 30, 2008

Once completed, the Shenzhen facility will replace United Parcel Service’s (UPS’s) current intra-Asia hub located at the former Clark Air Base in the Philippines and serve as UPS’s primary transit hub in Asia. The facility is expected to open in 2010. The UPS Shenzhen intra-Asia hub will be built on a land area of 89,000sqm [...]

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Sterling Airlines files for bankruptcy

October 29, 2008

The management, board of directors, and the shareholder of Sterling Airlines A/S have been fighting a battle to keep the company alive. However, this has not had a positive outcome, and therefore Sterling Airlines decided to file for bankruptcy.   During the last three years, Sterling Airlines A/S has been through a lot of changes [...]

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Air cargo: IATA says air cargo traffic is down again

October 29, 2008

ISTANBUL—The International Air Transport Association said today that air cargo traffic in September fell 7.7 percent compared to the same time frame a year ago. IATA also reported that international load factors decreased by 4.4 percentage points from August to 74.8 percent in September. “The deterioration in traffic is alarmingly fast-paced and widespread,” said Giovanni [...]

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Aspire Holidays acquired by private jet holiday company

October 29, 2008

Aspire Holidays has become the first business owned and managed by XL Leisure Group to be sold off to a new owner. The luxury brand has now been acquired by private short-haul jet holiday company Jeffersons and it is hoped that around half of the operator’s eight staff will be retained, although managing director Gianni [...]

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Spain’s first private airport to open in Ciudad Real

October 29, 2008

A decade after the first moves towards its construction were taken, Spain’s first privately-owned airport is about to commence operations. Aeropuerto Central, located 16km from the city of Ciudad Real in southern Spain, represents investment of 800m euros to date and will begin operations on Monday. Regional carrier Air Nostrum will inaugurate the facility, with [...]

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Boeing, IAM Reach Tentative Agreement on New Contract

October 28, 2008

Boeing [NYSE: BA] and the International Association of Machinists and Aerospace Workers today reached tentative agreement on a new four-year contract covering 27,000 employees in Washington, Oregon and Kansas. Union leadership is recommending that employees vote to ratify the contract. The company retained the flexibility necessary to manage its business, while making changes to the [...]

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Polar Air Cargo Worldwide Achieves Globally Recognized Safety Benchmark

October 28, 2008

Atlas Air Worldwide Holdings, Inc. a leading provider of global air cargo assets and services, today announced that its majority-owned subsidiary, Polar Air Cargo Worldwide, Inc. (Polar), has achieved a globally recognized safety and quality standard following a stringent audit of its operational standards and procedures.

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