Other

US Airways outsources ULD management to save $2 million over 5 years

US Airways is the first U.S. international carrier to outsource Unit Load Device (ULD) management in a sale and leaseback deal that furnishes ownership and administration of the airline’s ULD fleet to Jettainer GmbH. As part of its corporate cost-savings initiatives, US Airways has transferred its entire fleet of air cargo and passenger flight containers

US Airways outsources ULD management to save $2 million over 5 years Read More »

Aer Lingus appoints corporate advisors for privatisation process

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

Aer Lingus appoints corporate advisors for privatisation process Read More »

Ryanair Dublin pilots each receive EUR50,000 share option windfall

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

Ryanair Dublin pilots each receive EUR50,000 share option windfall Read More »

U.S. Department of Transportation proposed new foreign ownership rules

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

U.S. Department of Transportation proposed new foreign ownership rules Read More »

Northwest still hopes to reach out of court agreement with unions

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

Northwest still hopes to reach out of court agreement with unions Read More »

Scroll to Top
AviTrader Publications Corp.

FREE
VIEW