Technology - Aerospace latest news

SYDNEY airport Corp says that its airline clients face a turbulent time as the price of jet fuel skyrockets and that it is not immune to difficult operating conditions.

ANALYSTS were unsurprised and the market appeared to have already factored in yesterday's announcement by Qantas that it was going to cut 1500 jobs by the end of the year and cancel plans to hire another 1200 workers as part of its battle against high fuel costs.

TRAVELLERS face fuller planes, higher fares and new fees after Qantas and Virgin Blue moved to offset high fuel prices with restructuring packages that included the loss of 2700 current and future jobs.

QANTAS chief executive Geoff Dixon has lashed out at the Rudd Government's emissions trading scheme, saying a decision not to recognise its impact on aviation will force up airfares and damage the tourism industry.

US aerospace giant Boeing has signed its second major deal of the Farnborough International Airshow, a multi-billion-dollar sale of new, more fuel-efficient jets to Air China.

RYANAIR, Europe's biggest budget airline, yesterday said it would ground aircraft for the northern winter and warned it expected to carry almost 1 million fewer passengers over the season.

A DUTCH court has upheld a new environmental tax on air travellers as airline KLM warned the levy could cause it to lose up to a million passengers this financial year.