All air transport news – Page 2071
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Air Canada takes action to counter business slump
Responding to a C$108 million ($70 million) second quarter loss and predictions for an unprofitable year, Air Canada plans to cut costs and capacity, and launch its own discount airline.
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American poses contract dilemma for unions
During a period when labour disputes are an all too regular feature of US airline life,American Airlines has introduced a new element to opening contract negotiations.
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Hold on tight
Do recent traffic declines signal a fundamental shift in the link between GDPand airline growth asks Chris Tarry of Commerzbank?
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No light yet at the end of the tunnel
The driving factors behind a June quarter operating loss for USairlines were lower corporate spending and higher labour costs. Prospects seem glum for the rest of 2001 and the outlook for 2002 is equally uncertain, writes Jane Levere.
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China backs down from threat to blank Boeing
China's Government is finalising a multi-billion-dollar agreement with Boeing - after months of threatening to snub US companies and buy high-value goods from suppliers in other countries.
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Greek holiday is over
Now that the summer holiday period is over, exclusive negotiations with the Axon Group over the privatisation of flag-carrier Olympic Airways are also due to reach a conclusion.
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Active retirement
When an aircraft - a carrier's most valuable asset - approaches the end of its useful life, optimising its value is a challenge. At USAirways, leasing has been established as a successful strategy