Aer Lingus, the Irish state owned airline, confirmed the appointment of Merrion Capital and Goldman Sachs as advisors to the company. The advisors will assist Aer Lingus in the privatisation process already initiated by the Government. New investment in the airline is essential to fund fleet acquisition and other development expenditure required to underpin growth
Three new orders from Thailand and Malaysia for Rolls-Royce industrial gas turbine equipment, valued at over $50 million, continue to strengthen the Rolls-Royce position in Asia
The Association of European Airlines has joined with its North American counterpart
Northwest Airlines announced that Anna Schaefer has been named vice president
Ryanair confirmed that many of its Dublin pilots will exercise share options which at the current share price have a profit of approx. EUR50,000 each. These share options (which formed part of the 5 year pay, benefit and share option scheme collectively negotiated directly between the Dublin pilots and the airline in November 2000) fall
The U.S. Department of Transportation proposed new rules to help US airlines to raise foreign money. U.S. airlines would have more opportunities to obtain financing from investors under a new rule announced today by U.S. Secretary of Transportation Norman Y. Mineta. The proposed rule would allow international investors more say in some aspects of airline
Northwest Airlines filed an 1113(c) motion with the bankruptcy court on October 12 to secure labor cost savings if the company and its unions do not achieve consensual agreements (as previously reported).Northwest has been in discussions with The Air Lines Pilots Association (ALPA), The International Association of Machinists and Workers (IAM), and The Professional Flight
Gulf Air has launched electronic ticketing for passengers travelling on any Gulf Air flight between Bahrain, London, Singapore and Sydney and is being rolled out across the remainder of its network gradually.
The International Air Transport Association (IATA) kick-started IATA e-freight, the cargo component of the association
Boeing started contract negotiations with the Society of Professional Engineering Employees in Aerospace (SPEEA), the union representing more than 17,500 engineering and technical employees working primarily in Washington and Oregon.
