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China Bars Its Airlines from Paying EU Carbon Emissions Tax

Posted February 6th, 2012 at 2:10 pm (UTC-5)
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China says it is prohibiting its airlines from paying a new European Union tax on carbon emissions designed to pay for the cost of global climate warming. The new tax took effect January 1, although the EU is not collecting payments from it until next year. But China said Monday its air carriers are barred […]

Tags: , , Posted in Economy

Hungary’s National Airline Grounded

Posted February 3rd, 2012 at 7:05 am (UTC-5)
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Hungary’s Malev airline has grounded its planes and stopped all operations after running out of cash. Friday’s shutdown comes about a month after the European Commission ordered the airline to repay millions of dollars in government subsidies it received between 2007 and 2010. Malev’s problems caused some of its service providers to lose faith in […]

Hungary’s National Airline Grounded

Posted February 3rd, 2012 at 4:40 am (UTC-5)
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Hungary’s Malev airline has grounded it planes and stopped all operations after running out of cash. Friday’s shutdown comes about a month after the European Commission ordered the airline to repay millions of dollars in government subsides it received between 2007 and 2010. Malev’s problems caused some of its service providers to lose faith in […]

Tags: , Posted in Europe

EU Court Approves Airline Pollution-Control Scheme

Posted December 21st, 2011 at 2:45 pm (UTC-5)
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International airlines that fly into Europe have lost a bid to block a law that charges them for their carbon pollution, a measure that will soon boost the cost of traveling to and within the continent. The European Court of Justice ruled Wednesday that the law including airlines in the European Union’s emissions trading scheme […]

Tags: , , Posted in Economy

India’s Kingfisher Grounds 15 Planes

Posted December 19th, 2011 at 5:30 am (UTC-5)
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A report in an Indian financial newspaper says one of the country’s main airlines has grounded 15 planes because it is not able to pay the maintenance costs for the aircraft. The Economic Times said Monday that Kingfisher Airlines’ owner, liquor tycoon Vijay Mallya, is seeking working capital from the airline’s investors. The newspaper says […]

Tags: , Posted in South Asia

American Airlines Files for Bankruptcy Protection

Posted November 29th, 2011 at 10:55 am (UTC-5)
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American Airlines’ parent company has filed for bankruptcy after failing to secure a deal with pilots to cut labor costs. The nation’s third largest airline said Tuesday it sought bankruptcy court protection to reduce its costs and debt to competitive levels. The airline said normal flight operations will continue during a reorganization. American had been […]

Tags: , , Posted in Economy, US

India’s Kingfisher Cancels Dozens of Flights

Posted November 11th, 2011 at 4:40 am (UTC-5)
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India’s second largest airline has canceled dozens of flights this week as it struggles under a debt of more than $1 billion. Kingfisher Airlines has had trouble making payments to oil companies and has delayed salaries to its employees. Shares in the cash-strapped company slid more than 12 percent on the Mumbai stock market Friday. […]

Tags: , , Posted in South Asia

India’s Kingfisher Cancels Dozens of Flights

Posted November 11th, 2011 at 4:20 am (UTC-5)
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India’s second largest airline has canceled dozens of flights this week as it struggles under a debt of more than $1 billion. The cash-strapped airline has had trouble making payments to oil companies and has delayed salaries to its employees. Kingfisher shares slid more than 12 percent on the Mumbai stock market Friday. Kingfisher announced […]

Tags: , Posted in South Asia

U.S. Airline Investigates Vandalism on Planes

Posted September 22nd, 2011 at 12:23 pm (UTC-5)
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U.S.-based Southwest Airlines is investigating reports of unusual vandalism on the underbellies of its planes. Southwest Airlines spokeswoman Whitney Eichinger told VOA Thursday that markings are being found during routine inspections of the airline’s Boeing 737 aircraft. U.S. media reports say the markings appear to be Arabic or Arabic-type symbols. They say the symbols were […]

Tags: , , Posted in Americas

Japan’s ANA Forms New Budget Airline with AirAsia

Posted July 21st, 2011 at 7:10 am (UTC-5)
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Japan’s biggest airline is joining forces with Malaysian budget carrier AirAsia to create a new low-cost airline to be based in Japan. All Nippon Airways announced the creation of AirAsia Japan Thursday in a joint press release with AirAsia. The companies say AirAsia Japan will be the first low-budget airline to operate out of Tokyo’s […]

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