Transport | GlobalPost

FedEx 4Q profit down as customers choose cheaper service amid low-growth economy

The Canadian PressJune 19, 2013 09:03

DALLAS - FedEx's quarter profit is down 45 per cent from a year ago as customers trade down to less-expensive delivery options and the package delivery company restructures some parts of its business. FedEx said Wednesday that it earned $303 million in the fourth quarter, down from $550 million a year ago. Excluding restructuring costs and aircraft write-downs, FedEx's profit would've been $2.13 per share. That's much better than the $1.96 per share that analysts were expecting.

Boeing says 737 MAX to enter service in Q3 2017

Thomson ReutersJune 19, 2013 09:01

PARIS (Reuters) - Boeing's <BA.N> upgraded and re-engined version of its 737 aircraft will come into service in the third quarter of 2017, around six months earlier than scheduled, a company executive said at the Paris Airshow. This helps the 737 MAX close the gap with its main rival - the upgraded Airbus <EAD.PA> 320neo due to enter service in October 2015 - in a highly competitive market segment making up almost 60 percent of all passenger aircraft in service.

Norwegian airline to offer free water on long flights

Agence France-PresseJune 19, 2013 08:32

Budget airline Norwegian is to serve free drinking water and will accept cash payments on long-haul flights after thirsty passengers were left high and dry for up to 12 hours, it said on Wednesday. The announcement followed a report on Monday of a 16-year-old who was refused a blanket on the recently launched Oslo-New York route since he had only cash and no credit card with him to pay $5 for a blanket.

Ryanair finalises mega Boeing order, says could buy more

Agence France-PresseJune 19, 2013 08:31

The head of Ryanair flew into the Paris Air Show on Wednesday to finalise an order for 175 Boeing 737 planes worth $15.6 billion at list prices, and said he hoped to buy more planes from the US firm by the end of the year. "We are delighted to finalise this order," Michael O'Leary told reporters. "They (planes) provide Ryanair with the additional capacity to exploit substantial growth opportunities that now exist as many of Europe's flag and regional airlines are restructuring and are reducing their short-haul operations."

Airbus wins order from SriLankan Airlines

Thomson ReutersJune 19, 2013 08:05

PARIS (Reuters) - SriLankan Airlines announced orders for six Airbus <EAD.PA> A330-300 aircraft and commitments to buy four A350-900s in a deal worth $2.6 billion at list prices. Airbus sales chief John Leahy said at the Paris Airshow on Wednesday that the A350 deal would likely be signed by the end of the month. SriLankan, which operates an all-Airbus fleet, said it also plans to lease three A350s, adding that a lessor had not yet been chosen.

With purchase of 25 new Airbus A350s, troubled Air France-KLM invests in long-haul

The Canadian PressJune 19, 2013 07:31

LE BOURGET, France - Air France-KLM ordered 25 Airbus A350 jets on Wednesday, saying the wide-body plane that flew for the first time last week will be central to its plan to expand long-haul flights after years of struggling against discount carriers in Europe. The deal is worth around $7.2 billion at list prices but customers can negotiate steep discounts. It's a major investment for the airline, which has posted operating losses over the past couple of years.

JAL starts compensation talks with Boeing over 787

Agence France-PresseJune 19, 2013 08:02

Japan Airlines (JAL) has started talks with US aviation giant Boeing over losses stemming from the grounding of its troubled 787 Dreamliner, a company spokesman said Wednesday. The Japanese carrier was forced to cancel hundreds of flights since mid-January, when its entire 787 fleet was grounded due to battery-related problems. "Japan Airlines has been discussing with Boeing for compensation regarding the 787 grounding," a spokesman said in a statement.

SriLankan orders 10 Airbus long-haul planes in $2.8 bn deal

Agence France-PresseJune 19, 2013 08:01

Airbus said on Wednesday that SriLankan Airlines had agreed to buy six long-haul A330 aircraft and four next-generation A350 planes in a deal worth $2.8 billion (2.1 billion euros) at list prices. "We are grateful of this renewed confidence SriLankan Airlines is placing with us," John Leahy, Airbus Chief Operating Officer, said in a statement at the Paris Air Show. san-mbx/hd

SriLankan orders 10 Airbus long-haul planes in $2.6 bn deal

Agence France-PresseJune 19, 2013 08:01

Airbus said on Wednesday that SriLankan Airlines had agreed to buy six long-haul A330 aircraft and four next-generation A350 planes in a deal worth $2.6 billion (1.9 billion euros) at list prices. "We are grateful of this renewed confidence SriLankan Airlines is placing with us," John Leahy, Airbus Chief Operating Officer, said in a statement at the Paris Air Show. san-mbx/hd

Airbus says Air France confirms A350 order, more to come

Agence France-PresseJune 19, 2013 08:01

Airbus's next-generation A350 plane took centre stage at the Paris Air Show Wednesday as the European firm announced a big Air France-KLM deal for the aircraft and promised more orders to come. The news comes just days after the new plane took to the skies in its first ever test flight on Friday, stealing the limelight before the start of the air show -- a key event where Airbus and Boeing compete fiercely for plane orders.