With planned implementation of European Union Emissions Trading Scheme (EU-ETS) due on 1st of January 20012. Strong pressure is building up by a number of industry entities and countries to take measures to oppose its implementation, some calling for joint action.
READ MOREAlthough unrelated to Cargolux suspending the scheduled delivery of the Boeing on 17th Sept. 2011. It clear there is no validity in the unsubstantiated press reports linking Cargolux action with Qatar Airways recent acquisition of 35% share of the cargo airline.
READ MORESingapore - The International Air Transport Association (IATA) announced an upgrading of its industry profit expectations to $6.9 billion (up from $4.0 billion projected in June). IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of $594 billion.
READ MOREAccording to a report dated 09/18/2011 in Germany's Der Spiegel newspaper, a delegation from Qatar government met with German Economy Minister Philipp Roesler, in a first round of negotiations to acquire a 7.5 % stake.
READ MORECargolux announced on 17th September 2011 that its Board of Directors took the decision yesterday to reject the first two Boeing 747-8 Freighters that were scheduled for delivery to Cargolux on 19 and 21 September 2011 due to unresolved contractual issues between Boeing and Cargolux in respect of the aircraft.
READ MOREDuring the Arab Air Carrier Organisation’s (AACO) 61st Executive Committee Meeting - Beirut on 12 September 2011 representatives of Egypt Air, Middle East Airlines, MEA, Yemen Airways, Syrian Air, Gulf Air, Air Algérie Etihad and Qatar Airways met.
READ MOREThe Daily Star, a Lebanese Newspaper, has published a story on the press conference presided by the Lebanese Minister of Public Works on September 08, 2011.Ethiopian Airlines regrettably noted that some factually incorrect statements were released in the subject press conference.
READ MORE