China has blocked purchases of Airbus planes by Chinese companies in reaction to a controversial European carbon tax, the CEO of Airbus parent European Aeronautic Defense & Space Co. NV (Paris: EAD) said Thursday.
Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war.
Global airlines on Sunday called for a deal brokered by a United Nations agency to avoid an impasse between China and the European Union over jet pollution spilling into a trade war. Airlines are being squeezed between conflicting laws, the head of the International Air Transport Association said.
China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.
Welcome to the airport terminal of the future.
New Delhi's expected move to allow global airlines to own as much as 49 percent in Indian carriers has been welcomed by investors as a potential lifeline for an industry mired in $20 billion of debt and on course to rack up $3 billion in annual losses. But aviation-industry experts say any celebration is premature.
A federal judge on Friday rejected a request by a trade group representing major U.S. airlines to block a $3.4 billion loan-guarantee package to help Air India buy dozens of planes from the Boeing Co.
Counting container ships plying the high seas and air cargo takeoffs is one way to track the outlook for the global economy. Both measures point to weak growth in the months ahead but no severe storms.
American Airlines, US Airways, and United Continental have all joined Delta in adding a $3 surcharge to fares purchased in the United States for flights to Europe in response to the EU's new Emissions Trading Scheme (ETS).
China's airline companies are refusing to pay a new European Union carbon tax when traveling to airports on the continent.
On Tuesday, Delta became the first airline to add a surcharge on flights to and from Europe after the EU's Emissions Trading Scheme went into affect.
A U.S. appeals court ruled on Friday that a hotly disputed change in federal labor law making it easier for unions to organize is lawful.
The airline industry's leading trade group warned on Wednesday that airlines worldwide face over $8 billion in losses next year if Europe's politicians fail to get to grips with the region's debt crisis.
There may be a ray of hope on the horizon for those bogged down by checked baggage fees. Sen. Mary Landrieu (D-La.) proposed a bill that would kill the hefty fees on checked luggage.
Though there are less people traveling over the 2011 Thanksgiving holiday period, they will experience more crowded planes and higher fares.
The airline industry is handing out barf bags to passengers and lawmakers as part of a major advertising campaign against Obama’s proposed airline tax hikes.
Obama new deficit plans targets the travel industry with already soaring ticket prices.
Google's new airline search engine, which aggregates flight information from desired destinations, showed the World Trade Center as an airport option for New York City.
India's full service airlines, buffeted by high fuel costs and intense competition, face new headwinds on their lucrative international routes as budget carriers launch services with rock-bottom fares.
Airlines are expected to see a drop in profit for the first time since 2009, according to the International Air Transport Association, which serves as an intriguing lead-in into Southwest Airline's earnings report on Thursday.
Delta Air Lines took the lead as they offered to process tax refunds to passengers who bought tickets on or before July 22, flying at a time when federal ticket taxes were being suspended.
Asian-Pacific Countries dominate at this year's Paris Air Show, while older markets make less of a showing.
