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Lufthansa to hire 2,400 new employees in 2006

Lufthansa will recruit 2,400 new employees in 2006. Most of the growth will occur in operational areas, with the company requiring 1,420 flight attendants and 220 ground staff to provide passenger handling services at its Frankfurt and Munich hubs.

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Southwest 737-700 veered off runway in Chicago

Southwest Airlines’ Flight 1248 was involved in an accident at Chicago Midway Airport while the 737-700 was landing. The aircraft veered off the runway onto Central and 55th Avenues, beyond the northwest corner of the runway. Flight 1248 was scheduled for a 2:55 p.m. CST departure out of Baltimore/Washington International Airport, but the aircraft’s departure

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Rolls-Royce awarded $41 million contract to upgrade China

Rolls-Royce has won a $41 million contract from China for an additional three industrial RB211 gas turbine compression packages to be installed on Phase 1 of the West-East Gas Pipeline. The contract, awarded by PetroChina West-East Pipeline Company, also includes upgrading seven Rolls-Royce compressors already operating on the 3,900 km/2,400 mile line.

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Qantas board approved long haul strategy for Jetstar

The Board of Qantas Airways approved the establishment of a new long haul value based airline under the Jetstar brand. Jetstar would commence its international operations no later than January 2007. Jetstar’s initial route structure would require 10 aircraft and would involve point-to-point routes between Australia and Asian and Pacific cities. A special board meeting

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SAS Group sells Jetpak Group to Polaris Private Equity

The SAS Group has agreed to sell its holding in the Jetpak Group to Denmark-based Polaris Private Equity. The sales price amounts to approximately MSEK 490 and the positive effect on cash flow and net debt is on a corresponding level. The capital gain for the SAS Group totals approximately MSEK 410. The transaction is

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BAA confirms details of

BAA confirmed that it has submitted a binding bid for a 75%, minus 1 share, equity stake in Budapest Airport, the 75-year asset management contract and the associated moveable assets. The Bid includes a monetary value of

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