UPS to lay off 60 airline mechanics
UPS Airlines will lay off 60 airline mechanics nationwide in an attempt to reduce costs in response to the economic slowdown.
Read MoreTag: Air Transport
FedEx exercises options on 15 Boeing 777 freighter planes
Planes have a list price of around USD 250m each and are expected to enter service later this quarter.
Read MoreAir France-KLM buys stake in Alitalia
Alitalia has accepted an offer from Air France-KLM to buy 25% of the company and become its international partner, Alitalia announced.
Read MoreFedEx to cancel Okay Air contract
FedEx ends USD 1.9m a month contract due to internal troubles within Okay Air.
Read MoreInternational Air Cargo falls 13.5%
Largest decline since 2001 in the aftermath of the September 11 attacks.
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