Posted by: admin in World News on June 15th, 2010

Latest About News Update Thai Airways Singapore:Thai Airways International Pcl, the nation’s largest carrier, will probably report a second-quarter loss similar to last year’s level after anti-government protests in Bangkok kept travelers away.

The airline lost about $90 million in revenue last month and June will also “not be good,” President Piyasvasti Amranand said in an interview in Berlin yesterday. The political unrest which killed at least 87 people was compounded by volcanic ash over Europe that left passengers stranded, he said. The Bangkok-based airline had a second-quarter loss of 5.4 billion baht ($166 million) last year.

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Continued here:
Thai Airways Singapore

Posted by: admin in business news on January 26th, 2010

General Motors Co. is close to announcing a deal to sell its Saab division to Spyker Cars NV, said a person familiar with the negotiations who asked not to be identified before an official announcement is made.

Originally posted here:
GM Said to Be Close to Announcing Deal to Sell Saab to Spyker

Posted by: admin in business news on January 26th, 2010

Delta Air Lines Inc., the world’s largest carrier, reported a fourth-quarter loss that was wider than analysts estimated as revenue fell.

Continued here:
Delta Posts Wider Loss Than Estimated as Sales Fall (Update1)

Posted by: admin in business news on January 9th, 2010

Japan Airlines Corp.’s largest banks are set to agree to a bankruptcy of Asia’s largest carrier, said four people familiar with the matter.

The rest is here:
Japan Airlines’ Banks Said to Accept Bankruptcy Plan (Update1)

Posted by: admin in business news on January 9th, 2010

Japan Airlines Corp.’s largest banks are set to agree to a bankruptcy of Asia’s largest carrier, said four sources familiar with the matter.

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Japan Airline’s Largest Banks Said to Agree to Legal Bankruptcy