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  • In an interview with Reuters, John Wojick, Boeing's vice president for global sales& marketing, echoed a consensus among participants at a Dublin finance gathering that the slide in oil prices would not significantly undermine new jet demand. Delegates at this week's Airline Economics conference said the drop in oil could reduce the premium Boeing and rival...

  • Jan 20- With plummeting oil prices expected to cut airlines' costs by billions of dollars, Delta Air Lines Inc said Tuesday that it will channel the savings toward debt reduction and returning more cash to shareholders. Delta's shares surged 7.3 percent, making it the biggest percentage gainer in the S&P500, while American Airlines Group Inc shares rose 5.9...

  • VANCOUVER, Jan 20- Alaska can use an existing British Columbia ferry terminal for several more years if Canada enforces an order blocking so-called "Buy America" purchasing rules from being applied to its reconstruction, a state official said on Tuesday. A $15 million plan to overhaul the Prince Rupert ferry terminal, which is located in Canada, has escalated...

  • DUBLIN, Jan 20- Airlines enjoying a $100 billion windfall from lower oil prices this year are being urged not to let up on cost controls which helped them survive the recent oil price boom. Gerry Laderman, treasurer at United Continental Holdings, said that if oil prices stayed low, airlines could find themselves generating more cash than they expected.

  • DUBLIN, Jan 20- The Irish government will "exercise great caution" in evaluating whether a bid for Aer Lingus by the owner of British Airways is in the country's best interest, its transport minister said on Tuesday. British Airways owner International Airlines Group has had two bids for Aer Lingus rejected in recent weeks and is widely expected to make a third bid,...

  • DUBLIN, Jan 20- The Irish government will "exercise great caution" in evaluating whether a bid for Aer Lingus by the owner of British Airways is in the country's best interest, its transport minister said on Tuesday. The Irish government is the second largest shareholder in Aer Lingus with 25 percent, a stake it maintained when it privatised the airline in order to...

  • Trains to La Guardia Airport may finally come Tuesday, 20 Jan 2015 | 1:34 PM ET
    LaGuardia Airport, New York City

    New York Gov. Andrew Cuomo proposed the first mass transit link to an airfield long lamented for its isolated location in Queens, the NYT reports.

  • Ted Christie, chief financial officer at low-cost carrier Spirit Airlines, said airlines had "very expensive systems and people thinking about how to maximise revenue, and they should do that regardless of the oil price." Politicians and consumer groups in the United States and Europe have called on airlines to cut fares. And on Jan. 7, as North Sea oil prices hit a...

  • Jan 20- Delta Air Lines Inc said on Tuesday it lost $712 million in the fourth quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates and offered positive outlook for the start of 2015.. The Atlanta- based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges,...

  • Delta Air Lines posts 4th-qtr loss after fuel hedging Tuesday, 20 Jan 2015 | 8:09 AM ET

    Jan 20- Delta Air Lines Inc said on Tuesday it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates. For the fourth quarter, the Atlanta- based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges, which Delta had previously...

  • VANCOUVER, Jan 19- The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation. The state of Alaska has refused to waive the...

  • Oil price fall gives lease of life to old planes Monday, 19 Jan 2015 | 4:03 PM ET

    "We are seeing a big pick-up in demand for aircraft we thought we would scrap," Aengus Kelly, chief executive of AerCap, told the Airline Economics conference in Dublin. AerCap, the world's largest independent leasing company, has recently leased out older passenger aircraft and freighters such as Airbus A340s, Boeing 747 s and 757 s, rather than sending them to be...

  • Uber's 'amateur' taxi drivers   Monday, 19 Jan 2015 | 11:40 AM ET
    Uber's 'amateur' taxi drivers

    With Uber eyeing a huge European expansion, Steve McNamara, general secretary of the Licensed Taxi Drivers Association, says he's convinced that the firm's operations in London are "not legal" and that Uber "employs a lot of amateurs, who want to be taxi drivers."

  • "If you want to see how the international aviation landscape is going to evolve, just look to the United States, where consolidation has left just four major legacy carriers to compete with the low-cost airlines that serve the rest of the market," said Franke, managing partner of Phoenix- based private equity firm Indigo Partners. The former chairman of America...

  • Jan 16- Pilots at Allegiant Air have voted overwhelmingly to authorize a strike after two years of contract talks, empowering their union to request U.S. government approval for a walkout, the union said in a release Friday. More than 98 percent of the 473 pilots who voted approved the strike, according to the Airline Professionals Association Teamsters Local...

  • DETROIT, Jan 16- U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles, after receiving complaints of engine compartment fires. The U.S. National Highway Traffic Safety Administration said it opened the preliminary evaluation...

  • 174 biz groups to West Coast ports: Fix it, now! Friday, 16 Jan 2015 | 11:23 AM ET
    The Port of Los Angeles

    Groups representing agriculture, manufacturing, and retailers told the dockworkers' union and port terminal operators to get a contract done.

  • U.S. oil train safety proposal due in May Thursday, 15 Jan 2015 | 3:48 PM ET

    WASHINGTON, Jan 15- The U.S. Transportation Department will offer a new design for oil trains by mid-May as officials try to make sure crude oil is moving safely on the tracks, officials said this week. The Office of Management and Budget, which gives federal proposals a final review, is due to make the report public by May 12. Reuters reported this week that Canada is...

  • Musk to build Hyperloop track, likely in Texas Thursday, 15 Jan 2015 | 3:17 PM ET
    ET3 Hyperloop concept

    Elon Musk will build a test track for a high-speed Hyperloop transportation system, most likely in Texas, he tweeted on Thursday.

  • WASHINGTON, Jan 15- The U.S. government on Thursday fined Southwest Airlines Co $1.6 million in what it said was the biggest civil penalty levied against an airline so far for violating rules barring long waits for passengers in planes on the runway. The Department of Transportation said Southwest had failed to abide by the rules last January when 16 of its...

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