Transportation and Logistics Sector
Jet Airways shares dive on delayed Etihad tie-up
Feb 18, 2013 09:12 EST
Shares of Jet Airways slid on Monday amid reports that Abu Dhabi-based airline Etihad wanted to revise its deal to buy a stake in India's biggest private carrier.
Aviation industry dons 'shark skins' to save fuel
Feb 16, 2013 22:26 EST
In its never-ending quest to develop more aerodynamic, more fuel-efficient aircraft, the aviation industry believes the ocean's oldest predator, the shark, could hold the key to cutting energy consumption.
Security tightened as Libya marks revolt anniversary
Feb 16, 2013 21:03 EST
Security forces were on high alert across Libya on Sunday as the north African nation marks two years since the start of the revolt that toppled Moamer Kadhafi after four decades of iron-fisted rule.
Air Arabia profit surges 55% to $115.8 mn
Feb 16, 2013 11:39 EST
Sharjah-based budget carrier Air Arabia said Saturday its 2012 net profit soared 55 percent on an annual basis to $115.8 million, as it expanded its network and passenger numbers rose.
Carnival cruise line faces new fiasco
Feb 16, 2013 11:10 EST
A year after the tragic Costa Concordia shipwreck, cruise industry leader Carnival faces a new public relations fiasco that reveals the downsides of the sector's recent high-speed growth.
US cruise ship passengers' parting gift: bathrobes
Feb 15, 2013 22:00 EST
The 4,000-plus exhausted passengers who lived a hellish four-day ordeal aboard the powerless and drifting Carnival Triumph cruise ship won't be left completely empty handed.
Experts tell flatulent flyers: let rip
Feb 15, 2013 15:25 EST
A group of medical specialists has provided an answer to a dilemma that has faced flyers since the Wright brothers took to the air in 1903 -- is it okay to fart mid-flight?
Russia allows grounded Aeroflot Superjets to fly
Feb 15, 2013 14:41 EST
Russia's aviation agency has reauthorised Aeroflot to fly four of its Sukhoi Superjet 100s, days after ordering their grounding because of technical problems, the manufacturer said Friday.
Desperation on board as cruise ship towed to port
Feb 14, 2013 17:40 EST
An operation to tow a disabled cruise ship packed with desperate passengers back to the United States was again delayed on Thursday when one of the cables attaching it to a flotilla of tugs snapped.
American Airlines, US Air to form largest US carrier
Feb 14, 2013 15:07 EST
American Airlines and US Airways announced a long-expected merger Thursday that would create the largest US airline, giving them more weight in an industry that has steadily consolidated in recent years.
Conditions on stricken cruise ship described as awful
Feb 14, 2013 10:44 EST
Passengers on a stricken cruise ship in the Gulf of Mexico are enduring a nightmare after days without power, waiting hours for sparse meals and relieving themselves in plastic bags, one said Thursday.
German railways sues Bombardier over defective trains: report
Feb 14, 2013 09:38 EST
German rail operator Deutsche Bahn is suing the Canadian train maker Bombardier over repeated and ongoing problems with some of its trains, the daily Sueddeutsche Zeitung reported on Thursday.
American Airlines, US Airways announce merger
Feb 14, 2013 08:02 EST
American Airlines parent company AMR Corp and US Airways announced Thursday that their boards have approved a merger agreement to create the largest US airline.
American, US Airways boards approve merger: source
Feb 13, 2013 22:20 EST
The boards of American Airlines and US Airways approved a merger to create the largest US airline once American exits bankruptcy court, sources close to the negotiations said.
American, US Airways boards approve deal: report
Feb 13, 2013 19:50 EST
The boards of American Airlines parent AMR Corp. and US Airways separately voted to approve a merger between the companies, The Wall Street Journal reported late Wednesday.
Disabled cruise ship had earlier mechanical woes
Feb 13, 2013 17:44 EST
A cruise ship that lost power in the Gulf of Mexico, trapping more than 4,000 people aboard, had already suffered electrical problems as recently as a few weeks ago, its operator Carnival said Wednesday.
India's Kingfisher shares dive on bank loan recall plan
Feb 13, 2013 05:06 EST
Shares of India's debt-laden Kingfisher Airlines plunged on Wednesday after banks said they would start recalling loans worth $1.5 billion, which analysts said spelled the end for the carrier.
Kingfisher shares dive on bank loan-recall plan
Feb 13, 2013 03:05 EST
Shares in India's debt-laden Kingfisher Airlines plunged as much as five percent after banks said they would start recalling loans worth $1.5 billion, pushing it closer to collapse.
Japan train hits truck, mounts platform: police
Feb 12, 2013 13:46 EST
An express passenger train hit a truck at a level crossing in Japan on Tuesday, police said, with footage and reports from the scene showing it had mounted a station platform.
Ryanair says Brussels to block Aer Lingus takeover bid
Feb 12, 2013 10:57 EST
Irish no-frills airline Ryanair said Tuesday that the European Commission would block its takeover bid for rival carrier Aer Lingus on grounds of unfair competition, adding it would appeal against the decision.
