* No new private funding found for company
* Govt eyes new airline with state participation
Air France-KLM Group (AF), Europe’s largest carrier, plans to eliminate more than 5,000 jobs from its French workforce as it seeks a return to profitability.
The cuts, equivalent to 10 percent of posts at the Air France unit, will be achieved through voluntary departures and attrition, with the Paris-based company seeking to avoid firings, it said today in a statement.
TAM admitted yesterday it will no longer be part of the Star Alliance, an alliance of airlines of which it has been a member since May 2010.
According to Mauricio Amaro, Chairman of the Board of Latam, the holding company combining LAN and TAM that was officially established yesterday, in the coming months the group will decide whether TAM will join the LAN’s alliance, Oneworld, or “will be independent.”
Africa is a step closer to getting a taste of Sir Stelios Haji-Ioannou’s brand of low-cost flying, with the easyJet founder set to become a shareholder and board member of an African budget airline with a London listing.
FastJet, the company’s proposed name, is preparing to launch services in Ghana, possibly in three months’ time, using a business model devised by Sir Stelios’s easyGroup and aircraft decked in a familiar orange hue.
* Holdouts among TAM minorities surprise airlines
* LAN waives 5 pct limit on remaining TAM free float
* Airlines extend share swap for another 10 days
European airlines are teetering on the brink of financial collapse, with combined losses expected to exceed $1billion this year, the International Air Transport Association warned today.
Despite a wave of resistance actions by Hava-Is’ members, and strenuous protests by the ITF and ETF and their affiliates, an amendment banning aviation workers from carrying out and partaking in strikes has been rushed through the Turkish General Assembly and approved swiftly by the Turkish President Abdullah Gul. Hava-Is continues its struggle with the […]
The ITF today warned the Turkish government that its attack on airline workers’ rights is dragging the country’s name through the mud and will be resisted by international trade unions.