New planes, job losses in major Qantas restructure
Australian carrier Qantas announced a major restructuring that could see it buy 110 new planes, cut up to 1,000 jobs and launch two Asia-focussed airlines…
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Kuwait's Jazeera Airways suffers Q2 loss
KUWAIT – Kuwait’s low-cost carrier Jazeera Airways said on Thursday it made a loss of 4.7 million dinars ($16.41 million) in the second quarter. The…
Mideast airlines to see $400 mln loss in 2010
DUBAI – Middle East carriers will post a loss of $400 million this year, $100 million more than estimated earlier, as yields remain low despite…
IATA Cuts 2010 Loss Forecast in Half – Strong Start to 2010
Geneva – The International Air Transport Association (IATA) halved its loss forecast for 2010 to US$2.8 billion (compared to the US$5.6 billion loss forecast in…
UK Defence Secretary Ainsworth apologises for loss of RAF Nimrod XV230
   Following today’s publication of a review into the loss of Nimrod aircraft XV230, Defence Secretary Bob Ainsworth has apologised for mistakes and…
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