Malaysia Airlines will introduce a rigorous and disciplined cash management programme to stop and reduce the cash-burn rate of the company, both in terms of operating cost and also capital expenditure. It also seeks avenues to secure immediate short-term cash injection and financing, including sale of assets. MAS is currently in discussion with the Government […]
MAS is seaking short-term cash injection Read More »
Northwest Airlines reported a net loss of $129 million and an operating loss of $64 million for November 2005.
Northwest looses $129 million in November Read More »
Northwest Airlines mechanics rejected the recent contract proposal and will continue strike. The strike began in August 2005 and Northwest was able to continue flying by hiring temporary workers.
Northwest mechanics reject contract Read More »
UAL Corporation reported that all the classes of creditors voting on its Plan of Reorganization have accepted the Plan.
Creditors approve UAL restructuring plan Read More »
World Airways said that the National Mediation Board (NMB) has released the company and its pilots, represented by the International Brotherhood of Teamsters (IBT), from the mediation process that began in January 2004. The NMB issued notice of the release Dec. 28, 2005, initiating a 30-day cooling-off period before either party can engage in self-help.
World Airways pilot union rejects final offer Read More »
Independence Air will voluntarily discontinue all scheduled flights planned to depart after January 5th, 2006. Independence Air Chairman and CEO Kerry Skeen said,
Independence Air to discontinue operations Read More »
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.
Virgin America submitted application for certification Read More »
Avio Holding reported an EBITDA for the nine months ended September 30, 2005 of
Avio Holding's profit up by 21.2% in third quarter 2005 Read More »
Continental Airlines has reached agreement with the IAM covering the company’s flight attendants. Details of the agreement were not released. Results of the ratification process are expected in January 2006. The agreement between Continental Airlines and the IAM, along with previously announced pay and benefit reductions for other work groups, concludes the negotiation process with
Continental reached tentative agreement with flight attendants Read More »
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
US Airways reaches transition agreement with Customer Service Union Read More »
