UK daily the Telegraph reports that an Israeli woman paid the El Al airline USD32,000 to allow her dog to travel with her in business class from Paris to Tel Aviv.

The woman, identified by the paper as Rivkah, 60, took up an entire compartment to ferry her, her boxer “Orchuk” and a vet on the four-hour flight.

Airline El Al had to remove several seats to make room for Or’s cage.

Pet Airways is a new airline launching in May that will fly pets in the main cabin from LA to America’s east coast.

“Pawsengers” will be riding in style in their own pet carriers in the planes’ climate-controlled cabins. That means no more cargo.

Each flight has a pet attendant on board at all times, and the airline will start with a fleet of twenty planes, ranging from twin props to 727s.

Virgin Atlantic president Sir Richard Branson celebrated Virgin Atlantic’s 25th birthday this year by launching a new airline V Australia, and throwing an extravagant launch party in Hollywood’s Chateau Marmont on Sunset Boulevard in LA.

Branson has embarked on an eight-day journey around the world to mark the launch of the newest Virgin airline V Australia.

He started his trip by flying from London to Hong Kong and will travel to Sydney and Los Angeles before eventually returning to London.

Lufthansa has officially unveiled its new lounge at John F. Kennedy International Airport in New York. The facility encompasses nearly 16,000 square feet, about twice the size of the airline’s original.

JFK lounge, and features three levels, each dedicated to one of Lufthansa’s premium passenger segments - Business Class, Senator and First Class/HON Circle.

You can also get into the new lounge if you’re a Frequent Traveler (35,000 miles a year) on any Star Alliance carrier : )

With oil skirting $130 a barrel and demand for business-class travel slowing, it’s not the best time to launch an airline .

However, Forbes reports that Peter Leiman and Cameron Ogden, two Harvard Business School graduates are launching the new private jet taxi service, Blink, on June 12.

Blink’s current flight plans take you through much of Western Europe and the the tickets are up to 25% more expensive than regular business-class travel for seats on their four-seater Cessna Citation Mustang.

On first glimpse, it may look futuristic but the very functionality of the suite is that offers elite privacy for the First Class traveler.

Elegantly designed S-shaped cabins, the integrated recliner turn the seat into a fully flat bed that offers a sound sleep to its passengers.

The iPod connectivity allows commuters to plug in there iPod and view the needful on the huge FC suites with large video monitor.