31 October 2008

Transportation Workers Union ratifies long-term agreement

Members of the Transportation Workers Union of America (TWU) at Frontier Airlines today ratified a long-term labor agreement with the airline. The agreement was negotiated to extend certain earlier agreed upon wage and benefit concessions. “I am gratified that the TWU membership continues to demonstrate, with this vote, their willingness to work hand in hand …

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James Goodfellow joins the Board of Directors of Discovery Air

Mr. James Goodfellow has joined the Board of Directors of Discovery Air. Mr. Goodfellow is a Chartered Accountant and was made a Fellow of the Ontario Institute of Chartered Accountants in 1986 for distinguished service to the profession. He has over 40 years experience in public accounting and providing assurance and advisory services, primarily to …

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FAA grants Precision Aviation Group its third 'Unlimited' Capability Rating

Precision Avionics and Instruments (PAI) was granted an “Unlimited Avionics” rating from the Federal Aviation Administration (FAA). This new rating establishes PAG as one of only 22 FAA Repair Stations that have Unlimited Accessory, Unlimited Avionics and Unlimited Instrument ratings. Of the 22 repair stations that have all three of these “Unlimited” Ratings, 12 are …

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Unite fears job cuts as airlines continue to consolidate

Unite, Britain’s biggest union, is seeking an urgent meeting with BMI management, to demand assurances from the company over jobs, following the news that Bmi Chairman, Sir Michael Bishop, is to sell his controlling stake to Lufthansa. The union is concerned that consolidation across the airlines will affect employment and that the fight for control …

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Bristow Group completes sale of Gulf of Mexico aircraft to Rotorcraft

Bristow Group announced it has completed the previously announced sale of 53 single-engine aircraft and related assets operating in the U.S. Gulf of Mexico to Rotorcraft Leasing Company, L.L.C. for approximately $65 million. Bristow received approximately 20% of the purchase price at closing, with the remainder to be paid from escrow as title transfers are …

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ANA reports revenue and incomes down in tougher operating environment

ANA reported its consolidated half year financial results for the interim period April 1 to September 30, 2008. The Group, which consists of airlines, travel and other businesses, reported an operating income of JPY49.8 billion and a net income of JPY22 billion on revenue of JPY753 billion – falls of 25.7%, 79.1% and 1.3% respectively …

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