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The Estonian government has resolved to reap owner's profit (income tax included) totalling EEK 1.70bn (EUR 108.65 mn USD 155.91mn), with the income tax to account for nearly EEK 360mn and dividends nearly EEK 1.34bn, in an effort to improve budgetary revenue intake in 2009. The government will take all the dividends from Eesti Energia, which generated EEK...
DB Mobility Logistics (DB ML), the logistics and mobility subsidiary of Deutsche Bahn (DB), saw net profit decline 88.9% in the first half of 2009 compared with a year before, from EUR 874mn (USD 1.25bn) to EUR 97mn, Logistics Finland informs. Ebit was down 64% to EUR 400mn. DB Schenker Logistics contributed EUR 37mn to this, but rail freight services had a...
The Managing Director of Knorr-Bremse's Hungarian commercial vehicle subsidiary, István Lepsényi, has received the Commander's Cross Order of Merit of the Republic of Hungary. This high honor was presented to Lepsényi at a ceremony in the Dome Hall of the Hungarian Parliament in Budapest by President László Sólyo...
Boeing Commercial Airplanes President and CEO Scott Carson announced that he will retire from the company at the end of the year. Boeing Chairman, President and CEO Jim McNerney has named Jim Albaugh, 59, to Carson's leadership role at Boeing Commercial Airplanes (BCA), and Dennis Muilenburg, 45, to succeed Albaugh as president and CEO of Boeing Integrate...
Star Alliance, of which SAS Scandinavian Airlines is a founding member, has today launched the new Circle North Asia Fare. For customers travelling with Scandinavian Airlines to Beijing or Tokyo, the new offering provides an easier travel solution when travelling across Northern Asia. The new multi-carrier fare is valid on Air China, ANA, Asiana and Shang...
TriaGnoSys, the expert in satellite communications, recently gave a live demonstration of its inflight 3G solution, along with its onboard communications manager. The demonstration was given to leading European airlines, airports, manufacturers and service providers at the Airbus Cabin Test Centre in Hamburg, as part of the final stage of the ground-breakin...
Atlas Air Worldwide Holdings (AAWW), a New York-based global air cargo asset and service provider, has more than doubled second quarter net profit to US$11.3 million, drawn on $240 million in revenue over the three months ending June 30, according to the Shipping Gazette. "Our strong second quarter results, like our record first quarter performance, refle...
THE Guam International Airport Authority and PacAir Properties have completed the development of a US$26.5 million air cargo facility that is intended to attract more cargo and revenue to Guam. Due to open September 1, the new state of the art integrated cargo facility was paid for via a partnership with PacAir, which invested $26.5 million to build the f...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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