Air France considers more cuts after €197 million 1Q loss
Air France-KLM (AF) Group and AF CEO Pierre-Henri Gourgeon met with trade unions Monday to discuss potential new cost savings in light of the uncertain economic outlook.
Airlines “lose quarter of value”
Airlines have lost a quarter of their share value this year and profits are down 60% on last year, according to IATA.
September 7, 2011
Lufthansa Group may sell bmi
Lufthansa Group is considering selling subsidiary British Midland (bmi) according to its Group Airline chief officer.
Qantas wins dispute over pilot pay
Qantas won a significant dispute Tuesday after industrial arbitrator Fair Work Australia (FWA) dismissed a pilot’s claim over pay.
Office of Fair Trading re-opens investigation into Ryanair’s stake in Aer Lingus
The UK Office of Fair Trading has restarted its investigation into Ryanair’s minority stake in its rival Aer Lingus.
September 2, 2011
Air China gets capital injection from Beijing to increase Cathay stake
The Chinese government provided Air China with a CNY1 billion ($156.7 million) capital injection to allow the carrier to increase its holding in Cathay Pacific Airways.
Romanian government to sell 20% holding in Tarom
The Romanian government has approved a plan to partially privatize Tarom by selling a 20% stake in the airline.
Kenya Airways outlines ambitious expansion plans
Kenya Airways has confirmed plans to double the size of its fleet over the next five years as the carrier seeks to offer services to every country in Africa.
September 1, 2011