AF447 investigators analyzing substantial data sent by doomed A330

French officials investigating the loss of Air France Flight 447 are still processing reams of data yet to be publicly released that was transmitted by the A330-200′s aircraft communications addressing and reporting system.

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Airlines expected to lose $9 billion this year, according to IATA

The world’s airlines will lose $9 billion this year after shedding $10.4 billion in 2008, IATA DG and CEO Giovanni Bisignani said Monday.

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Kenya Airways posts unexpected fiscal year loss on hedging charges

Kenya Airways posted a KES4 billion ($49.2 million) loss for its fiscal year ended March 31, reversed from a KES3.87 billion profit in the prior year and the first annual deficit it has endured since its privatization in 1996.

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Aer Lingus facing ‘most difficult period’ in its history

Aer Lingus is “facing the most difficult period in its 73-year history,” Chairman Colm Barrington told shareholders at the company’s annual general meeting in Dublin Friday, conceding that yields in all its markets continued to decline in April and May.

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Ottawa calls on former AC bankruptcy judge to mediate pension dispute

Canadian Finance Minister Jim Flaherty last week appointed a mediator to try to resolve the pension funding dispute between Air Canada and its unions.

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Gallois: 2010 ‘crucial year’ for financial crisis

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KLM concludes sale deal for cityhopper F100s

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TAP launches IATA carbon offset program

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AF A330 crash investigators warn against ‘hasty’ conclusions

French officials leading the investigation into the Air France A330-200 that crashed into the Atlantic Ocean Sunday night about 400 mi. northeast of the Fernando de Noronha archipelago cautioned against “hasty interpretations or speculation” regarding the accident’s cause, particularly since no wreckage from the aircraft has been recovered.

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United issues long-haul RFP to Boeing, Airbus

United Airlines sent a request for proposals to both Boeing and Airbus “that could result in a potentially significant number of aircraft that could ultimately replace our widebody fleet,” according to a letter to employees from Chairman and CEO Glenn Tilton obtained by ATWOnline, with The Wall Street Journal pegging the potential order at 150 [...]

IATA: First-quarter losses at $3.3 billion; full-year ‘record decline’ seen in cargo revenue

Fifty airlines that so far have reported first-quarter financial results have posted a combined $3.3 billion net loss for the period, IATA reported yesterday, also noting that revenue from cargo is expected “to show a record decline in 2009.”

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Air Berlin finalizes €38.8 million capital increase

Air Berlin raised €23 million ($32.7 million) from the issuance of approximately 6.6 million new shares (representing 10% of its share capital), which it said were placed with “institutional and professional investors” at €3.50 per share.

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Nigeria’s Afrijet transitions to ATR

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LOT launches charter arm

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Malev targets improvement

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