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The UK's Office of Fair Trading (OFT), said on Tuesday it would look at any takeover
bid for airport operator BAA if it had the potential to lead to higher prices
or harm consumers.
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Scandinavian airline SAS said on Tuesday it would unilaterally implement new
contracts for its pilots after talks with unions on the issue, which has already
led to a strike, broke down.
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The air traffic authorities of Spain and Britain joined forces on Tuesday to
develop a new air traffic management system for both countries, the Spanish
government said.
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Bombardier said on Tuesday its aircraft deliveries rose 2.4 percent in its 2005/2006
fiscal year as brisk demand for business jets offset a slack regional jet market.
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A global probe into possible price-fixing in the air cargo industry widened to
Asia on Wednesday as authorities searched for information at offices of Japanese,
South Korean and Hong Kong airlines.
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Delta Air Lines Tuesday posted a narrower net loss for the fourth quarter, as
the airline cut costs and restructured operations in US bankruptcy court.
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Shares in UK-based airports operator BAA rose more than 5 percent to fresh highs
on Wednesday as expectations rose of a takeover bid by a consortium led by
Spain's Grupo Ferrovial.
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As part of an elaborate campaign to destroy WestJet, Air Canada allowed its rival
to tap into the bigger airline's computer system for months, laying the foundation
for a mammoth lawsuit aimed at grounding the discount carrier, a lawyer for
WestJet has alleged.
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ACE Aviation Holdings, parent of Air Canada, announced it will lay off 600 management
and salaried employees, representing 20% of the nonunion workforce, as it reported
a fourth-quarter net loss of C$103 million ($89.7 million), largely attributed
to a C$146 million increase in fuel expense during the seasonally weak fall
quarter although other costs rose as well.
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Discount carrier WestJet is expanding its service at Hamilton International Airport
after badly jilting the fledgling facility two years ago.
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British airport operator BAA is planning to vigorously defend itself against
any takeover bid by Spain's Grupo Ferrovial, a source familiar with the matter
said on Thursday.
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The pilots' union at bankrupt Delta Air Lines on Wednesday said it would open
a strike center in Atlanta as negotiations with the troubled airline for a
new contract suffered a setback.
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British engine maker Rolls-Royce posted a 2005 operating profit of GBP£679 million (USD$1.18 billion) on Thursday, a jump of 40 percent, helped by higher
after-service sales.
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Scandinavian airline SAS posted its first full-year profit in five years, despite
a weaker-than-expected end to 2005.
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Russian airline Aeroflot has no plans to float further shares on the market despite
a sharp rise in its share price, the Russian airline said on Thursday, denying
a news agency report.
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