Aviation Sector

Global air freight sees major slump in January

Kuala Lumpur  - International demand for air freight recorded a dip of 23.6 per cent in January because of a lull in world trade amid the global economic downturn, the Association of Asia Pacific Airlines said Friday.

The drop in freight ton kilometres was seen from the same month a year ago as total cargo loads registered a mere 56.6 per cent of capacity, a dip of more than 7 percentage points, the association said in a statement.

Asia-Pacific airlines also suffered a drop in passenger volume in January of 7.8 per cent from last year to stand at 11.4 million passengers.

IATA: Aviation industry has yet to see the bottom

IATA: Aviation industry has yet to see the bottomGeneva  - January was the fifth consecutive month of contraction in international air passenger demand and was the eighth straight month of contraction for freight traffic, the International Air Transport Association said Thursday.

"Every region's carriers are reporting big drops in cargo," Giovanni Bisignani, the IATA chief, said in a statement.

Furthermore, "aside from the Middle East carriers, passenger demand is falling in all regions."

TCS to continue its IT services for Singapore Airlines

TCS to continue its IT services for Singapore Airlines Tata Consultancy Services would continue to provide IT services to Singapore Airlines for another three years, providing all basic application solutions to the airlines for its efficient working. The airline chose the Indian IT firm in a formal vendor selection process under existing terms and conditions.

Airline pays up for bad service

German air carrier Lufthansa ended up paying Rs 10,000 to a city-based businessman who was refused non-vegetarian food on a Frankfurt-bound flight on October 23, 2007.

Air New Zealand profits plunge 79 per cent

Air New Zealand profits plunge 79 per centWellington  - Air New Zealand announced Thursday a 79-per- cent slump in after-tax profits for the six months ending December 31, after what chairman John Palmer said was one of the toughest periods airlines had ever faced.

The airline, which is 76 per cent owned by the government, reported net profits of 24 million New Zealand dollars (12.24 million US dollars) for the half-year.

Palmer cited the unprecedented price of fuel, which rose 36 per cent on the same period in 2007, adding 211 million New Zealand dollars to costs of running the airline.

EADS will up India sourcing

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