A commercial US satellite company says it has managed to take a picture of China's first aircraft carrier during its sea trials in the Yellow Sea. If confirmed, it would be the first known photo of the former Soviet vessel recently refitted by Beijing.
The International Air Transport Association (IATA) announced revisions to its industry outlook with profitability for 2011 remaining weak but unchanged at 6.9 billion dollars for a net margin of 1.2%.
LAN Airlines, Chile’s flag carrier made the official launching of its fourth affiliate under the name of Lan Colombia, becoming the second largest airline in the country with 22 domestic destinations, including Cartagena, Cali and Medellín.
Chile's LAN Airlines and Brazilian carrier TAM have appealed to Chile's top court some of the conditions imposed on their planned merger as the companies push ahead to create one of the world's biggest airlines.
Aerolíneas Argentinas is estimated to have lost in the last twelve months 486 million dollars which puts her among the air carriers with greatest losses in the world. Only Air India, also government managed, but with 30.000 staff (three times her Argentine counterpart) dilapidated 1.2 billion dollars and Kuwait Airways, 564 million dollars
IATA, (International Air Transport Association) announced an upgrading of its industry profit expectations to 6.9 billion dollars, up from 4 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 dollars.
Boeing forecasts that air carriers in Latin America will require 2,180 new airplanes worth approximately 210 billion US dollars over the next 20 years as air travel in the region out paces the world average.
Chile’s main airline LAN announced Friday it would raise its international air fares by between 8 and 12” because of higher global oil prices.
International scheduled air traffic results for November showed an 8.2% year-on-year passenger traffic growth and a 5.4% increase for freight, according to the latest report from the International Air Transport Association (IATA).
British Ministry of Defence revealed that contracts worth about £1.25bn have been awarded for building two aircraft carriers even though the project may not go ahead, figures have revealed. The figures came in answer to a parliamentary question by a Labour MP.