NORDIC STOCKS-UPDATE 2-Factors to watch on June 16

June 16 (Reuters) – The following stocks may be affected by newspaper reports and other factors on Wednesday:

VOLVO (VOLVb.ST)

The world number two truck maker said on Wednesday shipments of its trucks rose 44 percent year-on-year in May as markets recovered from the worst downturn in decades.

Volvo said shipments rose 25 percent in Europe from a year ago while they climbed 35 percent in North America.

For a full story, double click on [ID:nLDE65F0AG]

For more on the company, double click [VOLVb.ST]

VESTAS WIND SYSTEMS (VWS.CO), DONG ENERGY [DONG.UL]

Denmark’s state-owned DONG Energy says offshore wind turbines are too expensive and wants prices to be cut by 30 percent through large framework deals with suppliers, financial daily Borsen said.

DONG has said it is willing to look at turbines from others than its preferred supplier, Siemens (SIEGn.DE), which opens the door for Danish turbine manufacturer Vestas, the newspaper said.

For more on the company, double click [VWS.CO]

ELECTROLUX (ELUXb.ST)

North American shipments of the six top categories of white goods, AHAM 6, rose 10.4 percent in May compared to the same month last year, data from industry organisation the Association of Home Appliance Manufacturers (AHAM) showed.

Shipments have increased 9.3 percent in the first five months of the year.

For more on the company, double click [ELUXb.ST]

SAS (SAS.ST) (SAS.CO) (SASNOK.OL)

The Swedish Airline Pilots Association took out its members on strike on Wednesday, basically grounding all domestic flights in the Nordic country through much of the day.

The union said in a statement it had not been able to agree with employers on the size of pay cuts at airline Avia Express, the issue at the centre of the conflict. However, employees at other airlines were also taken out on strike.

For more on the company, double click [SAS.ST]

** For a summary of upcoming results and forecasts, double click on [NORD/EQTY]

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts’ meetings, click on [WEU/EQUITY] or type in the code and hit the f9 button.

** Double click on <0#.INDEX.ST> for Swedish indices, <0#.INDEX.CO> for Danish indices, <0#.INDEX.HE> for Finnish indices and <0#.INDEX.OL> for Norwegian indices

** For real-time moves on Nordic blue-chip indices double click on .OMXS30, .OMXH25, and .OBX

** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard

** For Nordic top news items, double click on [TOP/NORD]

** For the latest news on Nordic stock price moves double click on [HOT-NORD-RTRS]

(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244)

Swedish pilots strike after wage talks fail

June 16 (Reuters) – Nearly 2,000 pilots went on strike in Sweden on Wednesday after several weeks wage negotiations with employers collapsed, leaving thousands of passengers stranded across the country.

Industrials

The pilots’ strike, scheduled to start at 0300 GMT and last for eight hours on Wednesday, will affect all domestic flights and a significant portion of international flights, airports operator Swedavia said in a statement on the Stockholm Arlanda Airport website.

It said Scandinavian airline SAS (SAS.ST), still reeling from the effects of a volcanic ash cloud from Iceland which grounded airlines across the region, would see its Stockholm-based non-intercontinental flights affected.

At least four airlines would not fly for the rest of the day, the statement said.

The Swedish Airline Pilots Association (SweALPA), representing some 1,900 pilots in Sweden, said the union was unable to resolve a dispute over wages with employers.

The union had offered to take a 10 percent wage reduction while employers demanded wage cuts of 20 percent, it said in a statement.

No further negotiations are scheduled. (Editing by Hans Peters)

NORDIC STOCKS – Factors to watch on June 16

June 16 (Reuters) – The following stocks may be affected by newspaper reports and other factors on Wednesday:

Cyclical Consumer Goods

ELECTROLUX (ELUXb.ST)

North American shipments of the six top categories of white goods, AHAM 6, rose 10.4 percent in May compared to the same month last year, data from industry organisation the Association of Home Appliance Manufacturers (AHAM) showed.

Shipments have increased 9.3 percent in the first five months of the year.

For more on the company, double click [ELUXb.ST]

SAS (SAS.ST) (SAS.CO) (SASNOK.OL)

The Swedish Airline Pilots Association took out its members on strike on Wednesday, basically grounding all domestic flights in the Nordic country through much of the day.

The union said in a statement it had not been able to agree with employers on the size of pay cuts at airline Avia Express, the issue at the centre of the conflict. However, employees at other airlines were also taken out on strike.

For more on the company, double click [SAS.ST]

** For a summary of upcoming results and forecasts, double click on [NORD/EQTY]

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts’ meetings, click on [WEU/EQUITY] or type in the code and hit the f9 button.

** Double click on <0#.INDEX.ST> for Swedish indices, <0#.INDEX.CO> for Danish indices, <0#.INDEX.HE> for Finnish indices and <0#.INDEX.OL> for Norwegian indices

** For real-time moves on Nordic blue-chip indices double click on .OMXS30, .OMXH25, and .OBX

** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard

** For Nordic top news items, double click on [TOP/NORD]

** For the latest news on Nordic stock price moves double click on [HOT-NORD-RTRS]

(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244)

NASA’s eco-friendly, cheaper airplanes to hit runways by 2050

Washington, May 19 (ANI): In a bid to cut costs and pollution spewed by today’s aircrafts, researchers at MIT are designing a completely new type of airplane for NASA that will enable greener airplanes to take flight before 2050.

The 180-passenger D “double bubble” series was designed for domestic flights, meant to replace the Boeing 737 class aircraft, the most popular jetliner in the world right now.

The design is called a “double bubble” because it uses two partial cylinders placed side by side, reports Discovery News.

The two cylinders create a wider structure that looks like two soap bubbles joined together.

In today”s commercial airplanes, air flows directly into the engines located on the plane”s wings. That undisturbed, high-speed air flow drags on the plane, and requires more fuel to overcome the design inefficiency.

But MIT”s design changes all that—by moving the engines to the plane”s tail, they take in slower moving air present in the wake of the fuselage.

Less drag means less fuel is needed to get the plane the same distance.

NASA awarded contracts to MIT and several companies to develop concepts and designs for the next generation of airplanes.

MIT researchers had four goals for the plane they designed—it had to be much quieter, burn 70 percent less fuel, emit 75 percent less nitrogen oxides(a noxious gas that many researchers are trying to remove from various mechanical processes) and take off from shorter runways.

Burning less fuel can help airline passengers” wallets as well as the environment, as the cost of fuel makes up 35 percent of the price of an average plane ticket, according to the Air Transport Association.

If fuel costs are cut by 70 percent, as MIT”s design is supposed to, that would decrease the price of an average plane ticket by almost 25 percent.

And the fewer emissions that planes spout into the atmosphere, the healthier our planet.

But, there is still a long wait before any of these planes make it onto the runway.

NASA”s goal is to make sure the planes that MIT has designed can take off by 2035. (ANI)

Times Square case: US orders airlines to du manual check two hours before flight

Washington, May 6 (ANI): It may now get harder for terror suspects to get on an airplane, at least in theory.

According to a Christian Science Monitor report, all airlines will be required to manually recheck their passenger lists within two hours of being notified of a “special circumstances expedited No Fly name.”

This Obama administration order follows the arrest of Pakistani-American terror suspect Faisal Shahzad for trying to blow up a sport utility vehicle in New York’s Times Square on Saturday evening.

Shahzad showed up at the airport without a reservation and paid cash for a ticket to leave the United States immediately. The airline seemingly didn’t check the name, and the suspect was allowed to purchase a ticket and obtain a boarding pass.

Official sources now say that in the coming months, the process will change more because it will not be the airlines that will be checking the no-fly list.

Three years ago, the Transportation Security Administration (TSA) began preparing to take over this responsibility from the airlines. The program is called Secure Flight.

According to the administration official, TSA will prescreen passenger information against the list for all domestic flights within the next two months. It will prescreen international passengers by the end of 2010.

Under Secure Flight, TSA processes information beginning up to 72 hours in advance of a flight and then vets the passenger list until the flight departs.

According to the Federal Bureau of Investigation, some 3,400 names, including about 170 Americans, are on the no-fly list.

The no-fly list has been somewhat controversial in the past. Once an individual’s name got on the list, perhaps inadvertently, he or she has found it difficult to get off the list.

Civil libertarians complained about “false positives” and harassment.

David Stempler, president of the Air Travelers Association, said he thought the two-hour rule is a good idea.

“They need to make the security even tighter to make sure it does not happen again. It might inconvenience some people, but it’s a necessity for security,” he said. (ANI)

Government concerned over Jet Airways strike causing public inconvenience

New Delhi, Sep 8 (ANI): The Government on Tuesday expressed its concern at the inconvenience being caused to passengers by the cancellation of Jet Airways flights, as a large chunk of pilots failed to report for work in protest against the sacking of two of their colleagues.

Home Secretary, G.K. Pillai, taking into account the provisions of the relevant Civil Aviation Regulations laying down conditions of public interest, has written to the Chief Secretaries of all States to review the situation in their States with regard to the ‘Wildcat’ strike by Jet Airways pilots, leading to disruption of flights.

State Chief Secretaries have been asked their respective Home Secretaries and Labour Secretaries to see whether there is a necessity to invoke provisions of the Essential Services Maintenance Act (ESMA) to ensure a restoration of services so that the general public are not put to inconvenience.

At present, reportedly, 145 Captains and 154 Co-pilots of Jet Airways have reported sick, as a consequence of which, a total of 119 flights have been cancelled – four international flights and 115 domestic flights.

As per Civil Aviation Requirements, any act on the part of pilots which may results in last minute cancellation of flights and harassment to passengers, ‘would be treated as an act against the public interest’.

Meanwhile, the Chairman of Jet Airways, Naresh Goyal, has met Civil Aviation Secretary, M. Madhavan Nambiar and the Director General Civil Aviation, N. Zaidi and briefed them on the issue. he Ministry has directed the management to set up control offices at their headquarters, bases and airports.

Jet Airways has been asked to ensure that their passengers are accommodated in other airlines depending on the availability of seats. They have also been directed to put in place a full refund mechanism without any deduction – on passenger request.

They have also been asked to adopt a method of combination/re-scheduling of flights for smooth transfer of passengers. The Ministry has directed the management to ensure full facilitation of passengers and their amenities. Jet Airways has been asked to minimize inconvenience caused to the traveling public. (ANI)

Air New Zealand cabin crew strip off for ‘Nothing to Hide’ safety video

Melbourne, Jul 1 (ANI): Air New Zealand has come up with a novel way to get their passengers to pay attention to safety instructions – by having their flight attendants read them out wearing only body paint.

In the video, the body-painted crew cheerfully give the safety instructions, including where to stow baggage and how to use oxygen masks, reports News.com.au.

The airline launched the new in-flight safety videos on June 29 on their Boeing 737 domestic flights, and may expand them to other routes.

The release of the safety video comes on the back of the airline’s “Nothing to Hide” advertising campaign, which also showed cabin crew carrying out their duties wearing nothing more than body paint.

The crew’s “naughty parts” are blocked due to strategic camera angles in the three-and-a-half-minute safety video and 45-second commercial.

The “Nothing to Hide” commercial has been viewed around two million times on YouTube, and is the most-viewed clip to come out of New Zealand, Air New Zealand’s Marketing Manager told the New York Times. (ANI)

Kingfisher Airlines launches Dhaka-Kolkata route

Dhaka, May 15 India’s Bengaluru-based Kingfisher Airlines launched Dhaka-Kolkata route on Friday, a top official said.

The airliner will operate one flight each day, vice president, global sales, Shiva Ramachandran told bdnews24.com.

Charge for each return flight has been fixed at Tk 10,518 until June 15, and Tk 12,600 onward.

“We’ve researched that this route will be financially profitable,” Ramachandran said.

The Kingfisher, which mainly operates domestic flights, earlier launched Mumbai-London and Chennai-Bengaluru-Colombo flights.

Biman Bangladesh Airlines, GMG Airlines and United Airlines and India’s Air India and Jet Airways are already operating flights on Dhaka-Kolkata route.

Strikes paralyse transport, services across Greece

Athens, April 2 (DPA) Flights to and from Greece were to be grounded for several hours and vessels were to remain anchored Thursday during a nationwide 24-hour strike to protest against the government’s economic polices.

Under the slogan ‘employees should not pay for the crisis’, the walkout was the second nationwide protest against the conservative government since riots broke out in December, triggered by the country’s bleak economy and police shooting of a teenager.

Air traffic controllers were to walk off the job for four hours from 0900 GMT until 1300 GMT, forcing the cancellation of dozens of international and domestic flights.

The strike has been called by the country’s private sector federation GSEE and public sector union ADEDY, which together represent more than half of the country’s workforce of 5 million.

Newly privatised Olympic Airlines said it cancelled a total of 140 domestic and international flights, and rescheduled 11 flights to and from London, Frankfurt, Milan, Istanbul, Alexandria and Bucharest.

The private airline Aegean said it cancelled 24 flights and rescheduled another 30.

The air traffic controllers are demanding the hiring of extra staff and an improvement in their health care benefits.

The strike was also affecting all state-run schools as teachers stayed away, and all state services, including banks, ministries, tax offices, municipal buildings and state-owned power utilities as they shut their client services departments for the day.

Hospitals were functioning with emergency staff only, and a 24-hour news blackout was due to be imposed as print and broadcast journalists refused to show up for work.

All ferry services to and from the Greek islands were suspended as vessels remain anchored at harbours across the country while train, bus, tram and trolley services are also expected to stop operations for several hours.

Greece’s unions are protesting against the government’s recent pension and labour reforms, which raise the retirement age and cut back benefits as well as privatisations and tax-raising measures.

The unpopular reforms have ignited an almost daily spate of bomb and arson attacks on government buildings and businesses.

The government recently announced a public sector wage freeze and one-off taxes to those earning over 60,000 euros a year in an effort to fill badly needed coffers.

The strike follows weeks of riots across Greece in December by youths whose economic future is bleak in a country with a high unemployment rate and low wages.

Unemployment is over 7 percent, and nearly 20 percent of Greeks live below the poverty line, earning less than 600 euros ($775) a month. Labour unions said approximately 4,000 people lost their jobs in March.

Strikes paralyse transport, services across Greece

Athens, April 2 (DPA) Flights to and from Greece were to be grounded for several hours and vessels were to remain anchored Thursday during a nationwide 24-hour strike to protest against the government’s economic polices.

Under the slogan ‘employees should not pay for the crisis’, the walkout was the second nationwide protest against the conservative government since riots broke out in December, triggered by the country’s bleak economy and police shooting of a teenager.

Air traffic controllers were to walk off the job for four hours from 0900 GMT until 1300 GMT, forcing the cancellation of dozens of international and domestic flights.

The strike has been called by the country’s private sector federation GSEE and public sector union ADEDY, which together represent more than half of the country’s workforce of 5 million.

Newly privatised Olympic Airlines said it cancelled a total of 140 domestic and international flights, and rescheduled 11 flights to and from London, Frankfurt, Milan, Istanbul, Alexandria and Bucharest.

The private airline Aegean said it cancelled 24 flights and rescheduled another 30.

The air traffic controllers are demanding the hiring of extra staff and an improvement in their health care benefits.

The strike was also affecting all state-run schools as teachers stayed away, and all state services, including banks, ministries, tax offices, municipal buildings and state-owned power utilities as they shut their client services departments for the day.

Hospitals were functioning with emergency staff only, and a 24-hour news blackout was due to be imposed as print and broadcast journalists refused to show up for work.

All ferry services to and from the Greek islands were suspended as vessels remain anchored at harbours across the country while train, bus, tram and trolley services are also expected to stop operations for several hours.

Greece’s unions are protesting against the government’s recent pension and labour reforms, which raise the retirement age and cut back benefits as well as privatisations and tax-raising measures.

The unpopular reforms have ignited an almost daily spate of bomb and arson attacks on government buildings and businesses.

The government recently announced a public sector wage freeze and one-off taxes to those earning over 60,000 euros a year in an effort to fill badly needed coffers.

The strike follows weeks of riots across Greece in December by youths whose economic future is bleak in a country with a high unemployment rate and low wages.

Unemployment is over 7 percent, and nearly 20 percent of Greeks live below the poverty line, earning less than 600 euros ($775) a month. Labour unions said approximately 4,000 people lost their jobs in March.

Drop in passengers to India forces PIA to reschedule flights

Karachi, Jan 21 (ANI): The Pakistan International Airlines (PIA) has said that some of its flights to India have been rescheduled after a drop in the number of passengers.

Without revealing that its flights had been cut, PIA said in a handout issued here that passengers to and from Delhi and Mumbai had substantially decreased. “So some of the PIA flights for these sectors are being rescheduled as per the passenger load factor,” it said.

It asked PIA passengers traveling to Delhi and Mumbai from Karachi and Lahore to provide their contact numbers while booking seats so that information could be provided with regard to change of flight schedule, The News reported.

Meanwhile, the national flag carrier has asked passengers for all domestic and international flights to reach airports in Pakistan at least half an hour before the standard check-in time that is four and a half hours for international flights and two and a half hours for domestic flights before the departure time due to security checks.

Airports in Karachi, Lahore, Islamabad, Peshawar and Quetta are witnessing long queues starting right at entry points for vehicle checking, then scanning of luggage at terminals due to which the issue of boarding cards gets delayed and at times confirmed passengers miss their flights.

To maintain timely departures, PIA check-in counters close 45 minutes before departure time for international flights and 35 minutes before departure time for domestic flights. (ANI)