(MENAFN - AFP) US airlines are flying high again, reporting surging profits and returning cash to shareholders as they reap the benefits of an industry-wide merger wave wrought by the financial crisis.
The biggest US airline by revenue, American Airlines, Thursday notched its highest quarterly profit in history following its acquisition of smaller rival US Airways. Earnings ...
(MENAFN - AFP) Ireland's Ryanair and Greece's Aegean Airlines are among more than 15 applicants who have made a non-binding expression of interest to buy loss-making Cypriot flag-carrier Cyprus Airways, officials said Thursday.
"The interest has surpassed our expectations but we need to point out that, at the present stage, we are simply recording that interest, so it doesn't ...
(MENAFN - AFP) Sculptures thought to be by masters Degas and Rodin have been found in the flat of the late German art collector whose priceless hoard included Nazi-looted works, investigators said Thursday.
Images of the works, once their origins are verified, will be published in the online inventory www.lostart.de to help trace their rightful owners in case they were once ...
(MENAFN - AFP) Ricardo Salgado, recently forced to quit as head of stricken Portuguese bank Banco Espirito Santo, was arrested on Thursday in connection with money laundering, the chief prosecutor's office told AFP.
Salgado was arrested early in the day at his home near Lisbon, a day after several premises of the Espirito Santo group were searched on Wednesday.
(MENAFN - AFP) American, Russian and some European carriers resumed flights to Israel Thursday after a two-day freeze amid fears that rocket fire from Gaza was endangering commercial air traffic into Tel Aviv.
But some European airlines continued to suspend their flights, out of security concerns around Ben Gurion International Airport.