Turkish Airlines to begin code share agreement with Air Canada

Turkish Airlines has entered into a code share agreement with Air Canada scheduled to take effect in early 2013.

The agreement will give Turkish Airlines passengers the chance to transfer to more U.S. destinations via Toronto. For Air Canada passengers, it will ensure seamless connections on a single itinerary for those traveling beyond Istanbul throughout Turkey and to points in Central Asia, Africa and the Middle East. Passengers will have the opportunity to earn and use miles on both Turkish Airlines and Air Canada flights.

View slideshow: Turkish Airlines news
“We are extremely delighted to sign the code share agreement with Air Canada, as this code share partnership serves as an example of Turkish Airlines’ target to maximize the travel opportunities offered to passengers through the extensive networks of both airlines.," explains Temel Kotil, Ph.D., President and CEO of Turkish Airlines.

Turkiah Airlines and their code share agreement with Canada
Photo credit:  Turkish Airlines
Toronto is a good location for Turkish Airlines to use as a North American gateway.

"We will have a chance to transfer our passengers to more US and Canadian domestic destinations via Toronto by connecting our networks,” adds Kotil.

One of the fastest growing airlines in the world, Turkish Airlines flies to more than 200 destinations in more than 90 countries and has been named “Best Airline Europe” two years in a row by consumer ranking group, Skytrax.

Still optimistic about Kingfisher Airlines: SBI NDTV Lenders to Kingfisher Airlines will meet in the week starting December 16 to decide on their future course of action regarding their Rs 7,000 crore exposure to the beleaguered airline, Shyamal Acharya, deputy managing director of SBI, told NDTV. Most ... See all stories on this topic »

With Oil Prices Low, Watch The Airlines Forex Pros One sector of the market that's about to take off is airlines. Oil prices are moving lower and the chart for the index shows a very positive technical outlook. It has been moving in a very technical pattern since bottoming in March of 2009 with a ... See all stories on this topic »

Delta Airlines sued over mobile app privacy policy NDTV California sued Delta Airlines Inc. on Thursday, alleging the Atlanta-based company is breaking state law by not warning users that the airline is collecting sensitive information each time customers contact the company on its "Fly Delta" mobile ... See all stories on this topic » NDTV

Turkish Airlines to begin code share agreement with Air Canada Examiner.com The agreement will give Turkish Airlines passengers the chance to transfer to more U.S. destinations via Toronto. For Air Canada passengers, it will ensure seamless connections on a single itinerary for those traveling beyond Istanbul throughout Turkey ... See all stories on this topic »

Messi Named Global Brand Ambassador For Turkish Airlines TheSportsCampus.com International soccer superstar Leo Messi was named Global Brand Ambassador for Turkish Airlinesat a ceremony today at the Camp Nou Stadium in Barcelona, Spain, after signing theagreement in September 2012.The FC Barcelona forward joins the ranks ... See all stories on this topic »

Fuel Import Plan to Ease Airline Pain: Corporate India Bloomberg The petroleum ministry agreed to allow airlines to use refiners' infrastructure at airports when they import the fuel, Aviation Minister Ajit Singh said in a Dec. 4 interview. Oil Minister Veerappa Moily said the next day that his ministry will discuss ... See all stories on this topic »

Southwest Airlines Applies For Additional Slots At Ronald Reagan Washington ... Daily Markets DALLAS, Dec. 7, 2012 /PRNewswire/ — Southwest Airlines (NYSE:LUV) today announced it has filed an application with the U.S. Department of Transportation (DOT) for slot exemptions that would allow Southwest to offer nonstop service between Ronald ... See all stories on this topic »

FAA lifts ban on US airlines flying into Iraq USA TODAY For years, Iraqi Airways and Royal Jordanian were the only two companies to make regular passenger flights in and out of Iraq. Now the Federal Aviation Administration is allowing U.S. commercial flights fly into two northern Iraq airports, including ... See all stories on this topic »

Hong Kong Airlines may switch A380 order for A330s ATWOnline Hainan Airlines' subsidiary Hong Kong Airlines is considering changing out its Airbus A380 orders in favor of the A330 and delaying the A380 delivery date. The airline is reevaluating its A380 orders due to a decline in market demand, especially on its ... See all stories on this topic »

Southwest Airlines November traffic dips MarketWatch NEW YORK (MarketWatch) -- Southwest Airlines Co. (NYSE:LUV) said Friday it flew 8.1 billion revenue passenger miles in November, down 1.5% from 8.3 billion miles flown in the year-ago period. The carrier's November load factor fell to 80% from 81.6%. See all stories on this topic »

How to: Choose an Aviation Management Company

Ajit Singh asks CMs to reduce aviation fuel taxes Hindustan Times In an attempt to bring down operating cost of airlines, civil aviation minister Ajit Singh on Friday asked chief ministers of states to reduce taxes on aviation fuel. "We have written to chief ministers several times on the issue, but they are all ... See all stories on this topic »

Clouds gather on soaring aviation's horizon swissinfo.ch An economic impact study published in May 2011 by the Civil Aviation Office showed that the three international and four regional airports had a combined economic effect of at least SFr9.7 billion ($10.35 billion) in 2008 – up from SFr6.7 billion in 2004. See all stories on this topic » swissinfo.ch

The International Civil Aviation Day Manila Bulletin In 1996, on the initiative of the International Civil Aviation Organization (ICAO), the United Nations General Assembly officially recognized the 7th of December as International Civil Aviation Day, a global celebration to create and consolidate ... See all stories on this topic »

H+S Aviation Expands CT7 ECMP Overhaul Agreement with GE Aviation The Leading Aviation Industry Resource for News, Equipment and EVENDALE, OHIO — December 7, 2012 — H+S Aviation expanded its CT7 Engine Overhaul Subcontract Agreement (EOSA) with GE Aviation to include all CT7-5A and CT7-9B ECMP (Engine Care Maintenance Program) commercial engine shop visits ... See all stories on this topic »

Antigua Needs Own Civil Aviation Authority Caribarena Antigua The Eastern Caribbean Civil Aviation Authority (ECCAA) The Editor: The Eastern Caribbean CivilAviation Authority (ECCAA) is the regulatory body for Civil Aviation in the Organization of Eastern Caribbean States. It regulates aviation in Antigua and ... See all stories on this topic »

How to: Choose an Aviation Management Company St. Louis Business Journal When it comes to choosing the right aviation management firm, the terms “cost savings” or “best price” have no place in the selection process, according to Jeremy Cox, vice president of JetBrokers, a Chesterfield-based company that brokers aircraft. See all stories on this topic »

Not bullish on aviation stocks: Sajiv Dhawan, JV Capital Services Economic Times ET Now: What about some of these stocks which have rallied a bit, there is United Spirits of the world or the aviation stocks on deal or news flow of deals have gone up quite a bit anything in that space that you have a view on? Sajiv Dhawan: See again ... See all stories on this topic »

Aviation Industry Promotes English for Workers CRIENGLISH.com Several Chinese airlines and other aviation industry companies gathered Friday in Beijing for a seminar to discuss the importance of English-language proficiency for those who work in the sector to accelerate the global appeal of domestic airlines. CRI ... See all stories on this topic »

Nigerian Aviation Industry Generates $25 Billion Ventures Africa VENTURES AFRICA – Reports indicate that over $25 billion has been generated in Nigeria by foreign and domestic airlines, charter service providers and cargo operators. According to ThisDay, the earnings have been generated from passenger tickets, ... See all stories on this topic »

Think positive (and back it up) - Phoenix Small Business Marketing

Think positive (and back it up) - Phoenix Small Business Marketing ... I have been doing these columns for a couple of years now and have to send kudos out to the sources I quote who give me a treasure trove of business and ... www.examiner.com/article/think-positive-and-back-it-up

What helps you think positive thoughts? - Yahoo! Answers Doing something fun ... self goals kitties puppies nature ... I think about people less fortunate than me. I look at my material belongings and think, "Some people can ... answers.yahoo.com/question/index?qid...

Magnolia - Think positive Write a comment. You must be logged in to write a comment. If you're not a registered member, please sign up. Magnolia. photo. Blog search. Latest comments ... my.opera.com/themagnolia/blog/2012/12/03/think-positive

Sebi asks fund houses, bourses to push new equity scheme

Sebi asks fund houses, bourses to push new equity scheme mydigitalfc.com Giving a further leg-up to the implementation of Rajiv Gandhi Equity Savings Scheme (RGESS), the Securities and Exchange Board of India (Sebi) on Thursday directed stock exchanges, depositories,mutual funds, asset management companies (AMCs), ... See all stories on this topic »

Keeping it simple for small-town investors Business Standard For small-town investors, the friendly neighbourhood Life Insurance Corporation of India (LIC) agent could soon be replaced by a mutual fund distributor. The Securities and Exchange Board of India ( Sebi), in a recent circular, allowed postal agents ... See all stories on this topic »

NAVs surge as markets registered marginal gains Moneycontrol.com Equity Mutual Funds hovered in the positive terrain alongside Indian Benchmark Indices. As markets registered marginal gains, most of the equity categories ended higher registering very few decline. On the sector space, Banking & Finance and FMCG ... See all stories on this topic » Moneycontrol.com

Best & Worst ETFs and Mutual Funds: Large Cap Blend Style WealthManagement.com (blog) The Large Cap Blend style ranks first out of the twelve fund styles as detailed in my style rankings for ETFs and mutual funds. It gets my Neutral rating, which is based on aggregation of ratings of 39 ETFs and 1,046 mutual funds in the Large Cap Blend ... See all stories on this topic »

US stock Mutual Funds suffer biggest outflows this Year 2012 - 13

Investors in U.S.-based funds  pulled the most money out of stock mutual funds this year in the
past week, possibly out of concern that taxes on capital gains
could rise in 2013, data from Thomson Reuters' Lipper service
showed on Thursday.

Stock mutual funds suffered outflows of $4.14 billion in the
week ended Dec. 5, the most since December of last year. Stock
ETFs, however, raked in $7.69 billion in new cash, with the SPDR
S&P 500 ETF fund topping demand with inflows of $3.18 billion.
    Retail investors are concerned about the prospect of higher
taxes on capital gains and could be taking profits from stock
mutual funds, said Lipper analyst Matthew Lemieux.
    Investors in ETFs, meanwhile, "don't seem to have the same
concerns as mutual fund investors," said Lemieux.
    Overall, stock funds had net inflows of $3.55 billion, less
than half the previous week's inflows of $7.38 billion.
    ETFs are generally believed to represent the investment
behavior of institutional investors, while mutual funds are
thought to represent the retail investor.
    Bond funds had inflows of $1.18 billion, modestly trailing
the previous week's inflows of $1.81 billion. Aside from a
meager $8.2 million into bond ETFs, all of the inflows were into
bond mutual funds.
    The benchmark S&P 500 index fell 0.33 percent over
the reporting period as negotiations between U.S. President
Barack Obama and Congress over the looming "fiscal cliff" of
roughly $600 billion in tax increases and spending cuts
continued.
    Toward the end of the reporting period, President Obama told
Bloomberg Television that a Republican proposal to resolve the
crisis was "out of balance" and said any deal must include a
rise in income tax rates on the wealthiest Americans.
    Despite negative reactions in the stock market, investors
showed greater appetite for risk in high-yield corporate bonds
and invested $653.2 million into funds that hold the bonds,
above the $532.9 million invested in higher-quality
investment-grade corporate bond funds.
    Funds that hold safe-haven U.S. Treasuries, meanwhile, had
outflows of $320.26 million, the most since late October.
Investors also parked a massive $29.7 billion in low-risk
money-market funds.
    Investors may be aiming for extra yield before the end of
the year, while also using money market funds as a way to store
cash, said Lemieux.
    The weekly Lipper fund flow data is compiled from reports
issued by U.S.-domiciled mutual funds and exchange-traded funds.
    The following is a broad breakdown of the flows for the
week, including exchange-traded funds (in $ billions):
   
 Sector                    Flow Chg  % Assets  Assets     Count
                           ($Bil)              ($Bil)    
 All Equity Funds          3.554     0.13      2,861.014  10,045
 Domestic Equities         2.477     0.12      2,136.817  7,446
 Non-Domestic Equities     1.077     0.15      724.197    2,599
 All Taxable Bond Funds    1.188     0.08      1,505.007  4,704
 All Money Market Funds    29.702    1.28      2,358.373  1,388
 All Municipal Bond Funds  0.489     0.15      324.993    1,342

Mutual funds bet on banking debt funds Economic Times Religare Mutual Fund, Principal Mutual and Axis Mutual Fund already have banking debt funds in their portfolios. According to distributors, almost all leading fund houses including Reliance Mutual, ICICI MF and Birla Sun Life are planning to launch ... See all stories on this topic » Economic Times

Equity mutual funds at 52-week high Times of India CHENNAI: The recent upturn in markets has pushed up the performance of equity mutual funds(MFs). Net asset values ( NAV) of a vast majority of funds have hit their 52-week high. The buoyancy in recent weeks has resulted in NAVs of even the laggards ... See all stories on this topic »

US stock mutual funds suffer biggest outflows this year -Lipper Reuters By Sam Forgione NEW YORK, Dec 6 (Reuters) - Investors in U.S.-based funds pulled the most money out of stock mutual funds this year in the past week, possibly out of concern that taxes on capital gains could rise in 2013, data from Thomson Reuters' ... See all stories on this topic »

Fidelity Offering Hedge-Fund Play Wall Street Journal The mutual fund opened for business last week with more than $700 million from Fidelity, according to people familiar with the fund. It has made investments with nine managers, including Chilton Investment Co., Jana Partners and York Capital Management ... See all stories on this topic »

Future and Career for Kingfisher Airlines staff

Back to square one for Kingfisher Airlines staff

After a brief Diwali respite, when liquor baron and Kingfisher Airlines (KFA) Chairman Dr Vijay Mallya announced a stake sale in United Spirits to Diageo to possibly revive the ailing Carrier, there is tension in the air once again.  KFA employees continue to languish without salary 

Payments and revival plan in sight.

KFA employees say they have been betrayed, yet again. KFA had promised three months' salary (March-May) before Diwali but only a handful received their salaries for May. KFA, grounded since October, is yet to submit a revival plan to the regulator.

"We feel cheated and have no one to turn to for help. The airline management had promised a timetable for payment of unpaid salaries, which they have failed to adhere to. We are living off our savings. Neither the government nor the regulator is of any help. We have been left at Mallya's mercy," said a Delhi-based Kingfisher pilot.

A 17-bank consortium that has an exposure of around Rs.8,000 crore in KFA, would wait to hear from Mallya when they meet later this month, before deciding their next move.

Certain Aircraft lessors and bankers have invoked corporate guarantees given by UB Holdings on behalf of KFA.

"The biggest issue by far is employee wages. Without that issue being resolved, employees are less inclined to work to guidelines and therefore, continue to pose risks to operational safety," said Saj Ahmad, a London-based aviation analyst. "The fact that no revival plan has surfaced points to problems," he said.

Analysts don't expect any foreign airline to invest in Kingfisher - which had a debt of more than $1.4 billion as on March 31, 2011, in its current state - with its massive debt burden, crippled fleet and poor employee morale.

Aaviation consultancy firm Centre for Asia Pacific Aviation had said in an October research report that in order to become a prospective investment target, Kingfisher will first require significant recapitalisation of at least $600 million (Rs.3,250 crore) and a restructuring of its debt, and a new management team.

"We are addressing all important issues on priority," KFA said in a reply to an email query from HT but gave no details.

KFA's accumulated losses as on March 2012, were more than 50% of its net worth.

Back to square one for Kingfisher Airlines staff Hindustan Times After a brief Diwali respite, when liquor baron and Kingfisher Airlines (KFA) chairman Vijay Mallya announced a stake sale in United Spirits to Diageo to possibly revive the ailing carrier, there is tension in the air once again. KFA employees continue ... See all stories on this topic » Hindustan Times

Now, Etihad eyes stake in Kingfisher Hindu Business Line Kingfisher Airlines is said to be in talks with the Abu Dhabi-based Etihad Airlines for the foreign airline to acquire a stake in the domestic carrier. Sources indicated that Kingfisher Airlines Chief Executive Officer, Sanjay Aggarwal, and senior ... See all stories on this topic »

Dec 7: Kingfisher won't tolerate usurper New Zealand Herald Kate has spotted a magic bit of graffiti art that has appeared in the local dog park in Three Kings, Auckland. "It's a portrait of the internet meme 'Grumpy Cat' looking not too happy about being around all these dogs," she writes. Grumpy Cat is a ... See all stories on this topic » New Zealand Herald

Kingfisher Capital Launches Global Tactical Series with SunTrust Investment ... PR Newswire (press release) 6, 2012 /PRNewswire/ -- Kingfisher Capital, an independent, money management and advisory firm, is pleased to announce that following a multi-year, national screening process, SunTrust Investment Services, Inc. ("STIS"), the investment advisor and ... See all stories on this topic »

Kingfisher airlines delays refunds GreaterKashmir.com After a number of calls that I made to Kingfisher customer care, I was informed by them to wait for one billing cycle to get reflected in credit card,” he said, adding that: “I will file legal suit against the company for failing to perform its ... See all stories on this topic »

TOWIE star heads to Kingfisher Centre Redditch Advertiser A STAR of television hit 'The Only is Essex', will be making an appearance at the KingfisherShopping Centre on Sunday, December 16. Chloe Sims, who stars in the scripted reality television show, will be at Waterstones bookshop in the shopping centre ... See all stories on this topic »

S Viswanathan: SBI's own 'Kingfisher man' Rediff "Now, you journalists won't disturb me anymore," says S Viswanathan, the new managing director of State Bank of India's associates and subsidiaries, in a lighter vein. Viswanathan has reasons to grow weary of the limelight as during his three-year ... See all stories on this topic »

Global Airlines are closing out the year by upgrading their Fleets with more fuel-efficient Aircraft.

Both airlines cited the new jets' fuel efficiency in announcing their orders.

Further, Bombardier said an undisclosed customer in China has signed a purchase agreement for seven CRJ700 NextGen aircraft. Based on the aircraft's list price, that contract plus ancillary services is valued at about $330 million.

Atlanta-based Delta, meanwhile, said in a statement it "selected Bombardier's CRJ900 NextGen aircraft specifically because it is proven to be the most cost-efficient jet aircraft in its class for our operations, and this regional jet satisfies perfectly the agreement that we have made with our pilots to add 70 more 76-seat jetliners to our fleet."

"The introduction of the 737 MAX to Icelandair's operation will complement its existing 757 fleet and ensure the carrier's continued expansion across both continents, offering significant fuel saving with unrivaled passenger comfort," Reykjavik-based Icelandair said in a statement.

Montreal-based Bombardier said it has recorded firm orders for 1,775 CRJ Series aircraft, including 314 CRJ900 and CRJ900 NextGen aircraft.

Boeing's 787 Dreamliner: the world's most efficient commercial jet.


Airlines' Profits To Fly Higher Than...

Delta Aiming To Be First US Airline...

Kingfisher Airlines looks best in airline space: SP Tulsian Moneycontrol.com Tulsian told CNBC-TV18, “Etihad looks to be a serious player and they want to enter into the Indian market and I will not be surprised to say that we may get a statement tomorrow or day after that they are in talk with three airlines because generally ... See all stories on this topic »

US airlines launch drive for national airline policy Reuters "Right now, we are subject to what is really a hodgepodge of ill-thought-out regulations and taxes," said Nick Calio, president of Airlines for America, flanked by top executives from US Airways (LCC.N), Southwest (LUV.N) and other carriers. U.S ... See all stories on this topic »

Airlines Spending Big On More Fuel-Efficient Jets International Business Times Global airlines are closing out the year by upgrading their fleets with more fuel-efficient aircraft. Airlines Spending Big On More Fuel-Efficient Jets. (Photo: ). RELATED.Airlines' Profits To Fly Higher Than Expected In 2012 Airlines' Profits To Fly ... See all stories on this topic » International Business Times

Hong Kong Airlines May Scrap Airbus Orders Wall Street Journal HONG KONG—Regional carrier Hong Kong Airlines Ltd. may scrap all of its orders for Airbus A380 superjumbo jets as part of its effort to focus on short-haul routes. The carrier has already scaled back an initial order for 10 A380s to "not more than ... See all stories on this topic »

Hawaiian Airlines looks to hire more flight attendants USA TODAY (blog) Close. Hawaiian Airlines looks to hire more flight attendants. Today in the Sky. Nancy TrejosShare. Comments. Hawaiian Airlines is looking to hire 240 more flight attendants. (Photo: By Ben Mutzabaugh, USA TODAY). Tags. Hawaii · Taipei · Honolulu ... See all stories on this topic »

Still Need a Christmas Gift? Try an Airline Club Membership. Jaunted Gift giving crunch time is right around the corner, but we've got an idea for your favorite frequent flyer this holiday season. You can give up endlessly searching on Amazon for one of this and one of that, as an airline lounge pass is the way to go ... See all stories on this topic » Jaunted

American Airlines strikes deal with Lambert-St. Louis airport in wake of ... STLtoday.com American Airlines would keep four gates at Lambert-St. Louis International Airport but shed $2.3 million a year in payments to the airport under a proposed deal with the city. The agreement is expected to be filed next month with the U.S. Bankruptcy ... See all stories on this topic »

Routes Americas Attracts Region's Major Airlines Moneylife The event is expected to attract over 60 airlines from across the Americas and beyond and with over 35 carriers already registered to attend this figure is expected to rise further. All four US network carriers; US Airways, American Airlines, Delta Air ... See all stories on this topic »

African airline start-ups hold the key to unlocking the continent's riches CAPA - Centre for Aviation All these airline start-ups - and their desire to provide the much needed linkages so desperately needed to unlock Africa's true economic potential - will however bump up against the slow rate of airspace liberalisation and government protectionism and ... See all stories on this topic » CAPA - Centre for Aviation

Turkish Airlines Makes Maiden Flight to KIA AllAfrica.com 6 December 2012. TURKISH Airlines has launched its maiden Istanbul- Kilimanjaro International Airport flight, marking a new era in the history of the airport, thanks to an aggressive marketing drive by the Kilimanjaro Airport Development Company (KADCO). See all stories on this topic »

Icelandair agreed to buy 12 737 MAX jets from Boeing Co. ,
valued at list prices at more than $1.2  billion.
Delta Air Lines, Inc. (NYSE:DAL) placed a firm order for 40 CRJ900
NextGen regional jets and taken options on another 30 from Canada's
 Bombardier (TSE:BBD.B). If both orders are fulfilled the purchases
 have a value, at list prices, of about $3.29 billion.