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/ 30 May 2008

Kenya Airways profit falls on election crisis

Kenya Airways said on Friday its 2007/08 annual profit after tax fell to 3,9-billion Kenya shillings from 4,1-billion due mainly to the impact of the East African nation’s post-election crisis. ”The events post-election had a negative impact on our revenue, especially between January to March,” said Titus Naikuni, the chief executive officer.

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/ 1 April 2008

Regulator targets EADS over insider trading

French regulator AMF said on Tuesday it had found evidence of insider trading at Airbus parent EADS surrounding delays to its A380 superjumbo and that it would inform Paris prosecutors. It also alleged the company had misled financial markets by failing to meet standards on the publication of information.

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/ 23 January 2008

Truck drives into plane at Cape Town airport

A truck drove into a stationary aircraft at Cape Town International Airport on Wednesday morning, minutes before the aircraft was due to take off. No one was injured in the incident, which happened at about 8.30am, airport media officer Deidre Hendricks said. ”There was an incident early this morning … It has had no impact on airport operations,” she said.

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/ 16 January 2008

Planemakers fly high in 2007

Airbus confirmed 2007 as a record year for planemakers on Wednesday by posting orders for 1 341 aircraft while boosting cost savings aimed at catching arch-rival Boeing, which took top spot with 1 413 orders and has suffered less from a weakened dollar than Airbus.