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Hainan Airlines Plans CNY3 Bln Bond Issue
May 9, 2008
Hainan Airlines, China's fourth-largest air carrier, said on Friday that it planned to issue up to CNY3 billion yuan (USD$429 million) in five and 10-year corporate bonds to pay back bank debt and supplement working capital.
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Austrian Airlines May Take On Partner
May 9, 2008
Austrian Airlines, which is struggling to complete a deal with a key investor, could also consider working with a strategic partner, its chief executive said in an interview on Friday.
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British Airways To Move More Flights To T5
May 9, 2008
British Airways and airports operator BAA said on Friday they would move a new phase of long haul flights to Heathrow's Terminal 5 building on June 5.
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Reluctant Banks Put BAA Bondholder Talks In Doubt
May 9, 2008
British airport operator BAA has not signed up enough banks to a debt re-negotiation and may not be able to start talks with bondholders in coming weeks as it had planned, it said on Friday.
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Frankfurt April Traffic Rises 2.2 Percent
May 9, 2008
Frankfurt Airport operator Fraport said the number of passengers passing through the airport last month rose 2.2 percent to 4.47 million, according to preliminary figures.
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Ex-Qantas Exec To Serve 8 Months For Price Fixing
May 9, 2008
A former Qantas vice president will serve eight months in prison as part of a plea agreement for conspiring to fix prices for shipping air cargo, the US Department of Justice said on Thursday.
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United Names New Chief Operating Officer
May 9, 2008
United Airlines on Thursday named John Tague to the position of chief operating officer, a move one industry expert said may represent a management reshuffling ahead of a possible merger with US Airways.
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GAP Passenger Traffic Declines In April
May 9, 2008
Mexican airport operator GAP said on Thursday its April passenger traffic fell 5.3 percent, hit by Easter falling in March this year and amid economic weakness in the United States, Mexico's main trade partner.
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American Repairing More Planes - Report
May 8, 2008
American Airlines is rushing to complete wiring repairs on a group of A300 jets, but this time the carrier is not canceling any flights, the Wall Street Journal reported on Thursday.
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SAS April Traffic Up 17.4 Percent
May 8, 2008
Scandinavian airline SAS said on Thursday that April group traffic, measured by revenue passenger kilometres, rose 17.4 percent year-on-year.
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Air Canada's First-Quarter Loss Deepens
May 8, 2008
Air Canada posted a deep first-quarter net loss on Thursday as more than CAD$200 million (USD$198 million) in one-time charges masked better than expected operating results in the face of high fuel prices.
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Finnair April Passenger Traffic Up 9.6 Percent
May 8, 2008
Finnish national carrier Finnair said on Thursday its total passenger traffic grew in April, boosted by flights to Asia.
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SAS Pilots' Union Threatens Strike
May 8, 2008
A Swedish union threatened late on Wednesday to take its 100 pilots working for SAS out on strike later this month but the Scandinavian airline said the action would probably not affect its flights.
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SkyWest Quarterly Profit Falls
May 8, 2008
US regional airline SkyWest on Wednesday said quarterly earnings fell 16 percent, hurt by high fuel costs.
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Rolls Royce Q1 Orders Worth Almost USD$15 Bln
May 8, 2008
British engine maker Rolls-Royce said 2008 had started well with first-quarter orders worth almost USD$15 billion, helped by strong oil and gas markets and continued growth in defence.
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Strike To Affect 1-in-10 Schiphol Flights
May 8, 2008
One in 10 flights at Amsterdam's Schiphol Airport will be affected on Friday when workers at a ground handling company plan to go on strike, the airport said on Wednesday.
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Embraer Sees Smaller Orders As Fuel Soars
May 8, 2008
Brazilian aircraft maker Embraer is not bracing for any order cancellations because of high jet fuel prices but does expect the surge to limit the size of future orders, a company executive said on Wednesday.
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Asur April Passenger Traffic Growth Slows
May 8, 2008
Mexican airport operator Asur said on Wednesday its passenger traffic growth in April slowed from the first three months of the year amid economic weakness in the United States, Mexico's main trading partner.
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British Airways Aware Of T5 Issues Before Opening
May 8, 2008
British Airways Chief Executive Willie Walsh said on Wednesday he was aware of problems with Heathrow's Terminal 5 building before its opening and had discussed delaying its first day.
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United Pilots Say US Air Merger Should Be Last Resort
May 8, 2008
The union representing pilots at United Airlines said on Wednesday a merger with US Airways should be a last resort.
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US Senate Aviation Chair Not Against Delta Merger
May 8, 2008
The chairman of the committee overseeing aviation affairs in the US Senate said on Wednesday he would not oppose the proposed merger of Delta Air Lines and Northwest Airlines.
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United Gets Approval For Credit Facility Amendment
May 7, 2008
United Airlines' parent, UAL, said on Tuesday it has amended its existing USD$1.5 billion revolving credit facility with the approval of its lenders.
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Embraer Q1 Profit Up 8 Percent
May 7, 2008
Brazilian aircraft maker Embraer said on Tuesday its first-quarter net profit rose 8 percent on higher sales from the year-ago period, but a strong local currency weighed on the results.
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Air France KLM April Traffic Rises
May 7, 2008
Air France KLM on Wednesday reported April passenger traffic up 2.6 percent with the load factor slipping 2.3 percentage points to 80 percent.
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EasyJet Hit By Fuel Costs, Summer Bookings Up
May 7, 2008
British budget airline easyJet said rising fuel costs sent first-half losses up threefold to GBP57.5 million pounds (USD$112.9 million), but that summer bookings were ahead of last year.
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