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Transport News

BA and American to hold US talks over link
The chief executives of British Airways and American Airlines, Willie Walsh and Gerard Arpey, are due to meet the US transportation secretary later this month to prepare the ground for much closer transatlantic co-operation between the two

Unions threaten strike action over Alitalia
Italy is looking at a "hot summer" of strikes by transport workers, union leaders warned amid unconfirmed reports that Alitalia, the state-controlled flag-carrier was close to bankruptcy, would be broken up with the loss of thousands of jobs

Continental faces trial over Concorde crash
Continental Airlines and five individuals have been ordered to stand trial over the crash of an Air France Concorde near Paris that killed 113 people in July 2000

American, Iberia and BA plan joint deal
American Airlines, British Airways and Spain's Iberia are close to applying for antitrust immunity to form a joint venture that would be one of the most powerful forces in the transatlantic aviation market

The crash that ended the Concorde's run
The crash of Air France 4590 hastened the demise of the supersonic Concorde aircraft, leading to the vehicle's 15-month grounding - and the sense that it had become unsustainable as a commercial aircraft

BA pays £54m for French business airline
British Airways is accelerating the growth of its recently launched OpenSkies subsidiary through the €68m acquisition of L'Avion, the Paris-based all-business class airline

Cathay expects 'disappointing' 2008 results
Cathay Pacific has warned of 'disappointing' first-half earnings after Asia's third most valuable carrier was forced to pay 60 per cent more for jet fuel in the first six months

Rising oil upsets Asian airlines' hedges
Several Asian airlines have cut back on fuel hedging this year, leaving them exposed to far more substantial costs should oil remain at record highs

Brussels gives shipping a steer
Shipping operators are being provided with guidelines by Brussels to help them navigate rules on restrictive practices, now that the exemption from competition rules...

Fears for US disclosure rules after CSX ruling
Lawyers warned that a court ruling involving CSX, the US railroad operator at war with two hedge funds, would have significant implications for US disclosure rules

Qantas shares rise 6.6%
Investors gave Qantas shares their biggest one-day gain in a year on Tuesday, after the Australian carrier announced that it could list its loyalty passenger programme

Card companies hold a strong hand
While credit card issuers can be a source of capital for airlines struggling with record fuel costs and slumping demand, card processors can have the opposite effect, holding on to some or all of the proceeds from advanced ticket sales

Qantas looks at loyalty spin-off
Qantas is considering the partial float of its frequent flyer business this year, which could raise between A$2bn ($1.9bn) and A$3.5bn for Australia's biggest airline

US airlines sell frequent flyer miles
US airlines, which face a potential cash crunch this year, are starting to sell pools of frequent flyer miles to credit card partners

Neptune Orient ponders anchorage in Hamburg
The Singaporean company is the frontrunner to acquire Germany's Hapag-Lloyd to combine it with APL, a deal that would create the world's third largest container fleet