Virgin America secured $177 million in commited funding for its start-up and submitted its application for certification with the DOT. Virgin America selected San Francisco as its headquarter and main operations base.
US Airways Group, Inc. has reached a transition agreement with the two unions that represent the airline’s passenger service employees. The Communications Workers of America (CWA), which represents US Airways’ passenger service employees, and the International Brotherhood of Teamsters (IBT), which represents America West’s passenger service employees, recently formed an alliance designed to represent the
Thai Airways International Public Company Limited announced its financial results for the fiscal year ending September 2005, reporting a net profit of 6,777 million baht. Mr. Somchainuk Engtrakul, Member of the Board of Directors Acting as President, Thai Airways International Public Company Limited, announced that THAI
Within a month of its successful listing on the ASX, Regional Express Holdings Limited (Rex), announced the acquisition of the Dubbo based regional / commuter airline Air Link. Under the agreement, all Air Link shares will be transferred to Rex for 100% ownership of the Company
-Revenues up 114% -Encouraging result in Q4
Atlas Air Worldwide Holdings, Inc. said that it has identified potential cost-savings and revenue-enhancement opportunities with the help of an external consulting firm which, if successfully realized, could benefit AAWW
British Airways announced plans to re-structure its business with a 35 per cent reduction in the number of its 1,715 managers by March 2008. The figure comprises a 50 per cent reduction in senior managers, from 414 jobs to 207, and a proposed 30 per cent reduction in middle managers from 1,301 jobs to 911
Bombardier announced a profitable third quarter amidst continued challenging aerospace industry conditions. With four of its airline customers under bankruptcy protection, the Corporation nevertheless reported earnings before income taxes from continuing operations (EBT) before special items of $27 million. -Consolidated revenues of $3.3 billion USD -EBT before special items of $27 million USD -Free cash
Malaysia Airlines released its second quarter results for the period ending September 2005, reporting a net loss of RM367.7 million. With the loss of RM280.7 million reported for the first quarter, the net loss for the six months is RM648.4 million. The second quarter loss was primarily attributable to continuing high fuel prices. Fuel costs
Copa Holdings, S.A., the parent company of Compa
