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Shanghai Airlines and Star Alliance agree separation |
As a result of its recent merger with China Eastern, Shanghai Airlines has agreed with Star Alliance to terminate its membership by the end of October as reported by Star Alliance.
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American Airlines turns evidence, gets off with US$5 million |
American Airlines parent, AMR Corp (AMR), has agreed pay US$5 million to shippers to settle a New York class-action suit seeking damages for global price-fixing, and produce evidence to charge other carriers engaged in the scheme, reports Bloomberg.
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Germany: Insolvencies up 7 per cent |
"Poor payment practices aggravated corporate crises" - an actual analysis of Creditreform reported.
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Airplane manufacturer Boeing reports 103 new orders reports Aviator Weekly.
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IATA: Demand Continues Recovery in June |
The International Air Transport Association (IATA) announced international scheduled traffic statistics for June which showed continued strong demand growth as the industry recovers from the impact of the global financial crisis.
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U.S. seeks to drop charges against Agility |
The U.S. Attorney for the Northern District of Georgia has filed a motion to dismiss a fraud case against Agility Logistics, potentially ending one aspect of a three-year ordeal for the Kuwait based company that cost it a significant amount of government business.
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