Although the aviation downturn has delayed legislation, airlines will eventually have to find a way of paying for emissions, says Colleen Nelson, partner and head of UK law-firm asb's environmental practice.
Every major airline in the world is watching low-cost competitors, but a number of niche operators are hitting carriers where it hurts the most ? by targeting business travelers. Peter Semler reports from Geneva.
Calyon, ABN Amro, Société Générale and WestLB have been mandated to provide a three-year $150 million for Aeroflot. Some $100 million of the loan will be used to finance the first stage of the long-anticipated third terminal at Moscow's Sheremetyevo, Russia's largest airport.