KLM is to buy back 4.5 million of its shares, which were valued around the €7 ($7.5) mark each in February. The carrier says the plan represents "a favourable opportunity" at current price levels. KLM will use cash to buy the shares. KLM Cargo, meanwhile, is increasing its fuel surcharge from 10¢ to 15¢/kg in response to rising oil prices.
Source: Airline Business
The January incident at Ellsworth AFB resulted in the destruction of the $450 million bomber and a rare quadruple ejection of the crew, who were attempting to execute an instrument landing during poor weather.
Investigators probing the fatal Bombardier CRJ200 crash at Kathmandu will inevitably focus on the extraordinary attitude the aircraft developed as it lifted off from runway 02. Nepal’s civil aviation regulator states that the captain survived the 24 July accident but the first officer, and the 17 other occupants, did not. ...
A Bombardier CRJ200 operated by Nepalese carrier Saurya Airlines has crashed during take-off from Kathmandu airport, with fatalities among those on board.
