Airline Finance News - North America.Dec 4, 2006 Air Canada Air Canada and WestJet responded to the Canadian government's new Blue Sky policy with guarded optimism this week, saying they looked forward to the opportunities that would accompany new bilateral agreements, open skies and liberalized access and pricing but that "a level playing field See net neutrality. " is critical to ensuring Canadian carriers can compete. WestJet currently flies only within Canada, to the US and the Caribbean. Nov 29, 2006 Delta Air Lines Delta Air Lines yesterday announced yet another employee recall, this one for approximately 200 additional pilots who will rejoin the carrier next year. DL already has issued two recalls for a total of 129 pilots this year. Nov 30, 2006 Delta Air Lines Delta Air Lines said it has received permission from its unsecured creditors to allow an additional estimated $719 million in unsecured, pre-petition claims for nonqualified pension benefits for retired pilots, lifting the total of allowed claims to $800 million. "As a result of this effort, our retired pilots will recover through the claim process a significant portion of their unpaid nonqualified benefits," CFO See Chief Financial Officer. Edward Bastian said. The bankrupt carrier received permission to terminate its pilot defined benefit pension plan in September. Nov 29, 2006 Delta Air Lines Delta Air Lines' unsecured creditors are considered a key group in determining whether the US Airways takeover bid will be accepted, and Golden said they are open to hearing out the proposal despite DL executives' push to keep the bankrupt carrier independent. Nov 29, 2006 Delta Air Lines, US Airways US makes pitch to DL, whose narrowed October loss 'reinforces confidence'. US Airways presented its case for a takeover of Delta Air Lines yesterday to DL management and representatives of its creditors' committee creditors' committee A group of lenders who seek to protect their interests in connection with a borrower that experiences financial difficulties. . Dec 1, 2006 Delta Air Lines, US Airways US Airways management will meet this week in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of with Delta Air Lines executives and representatives of its unsecured creditors to detail its $8 billion takeover proposal. Daniel Golden, a lawyer for the committee representing the creditors in bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , informed the Associated Press yesterday that the meeting would take place but did not reveal the day. Nov 29, 2006 MAXJet Airways MAXJet Airways named Chairman William Stockbridge President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. replacing Gary Rogliano, who left "to pursue other opportunities," according to the airline. "I will work closely with our team to accelerate MAXJet's expansion," Stockbridge said. He formerly was CEO of Centurion Air Cargo Centurion Air Cargo is a cargo airline based in Miami, Florida, USA. It operates all-cargo services to Central America and South America, serving 16 scheduled destinations. It specialises in carrying seafood, vegetables, flowers and horses to and from Latin America. and founder, president and CEO of Gemini Air Cargo Gemini Air Cargo is an American ACMI (Aircraft, Crew, Maintenance, & Insurance) cargo airline headquartered in Dulles, Virginia, USA. It operates worldwide cargo schedules and charters on a wet-lease basis. Its main bases are Miami International Airport and John F. . Board member Rick Sharp will take over as chairman. Nov 28, 2006 Mesaba Airlines, Northwest Airlines Mesaba Airlines, a regional partner of Northwest Airlines, reached a truce with its pilots, flight attendants and mechanics who ratified contracts intended to reduce the carrier's labor costs by some 15%. The tentative agreements, reached four weeks ago, came after months of acrimonious wrangling between Mesaba management and union leaders from the Air Line Pilots Assn., Assn. of Flight Attendants and Aircraft Mechanics Fraternal Assn. The ALPA ALPA abbr. Air Line Pilots Association agreement passed with a 68.4% affirmative vote, AFA's with 82% and AMFA's with 65%. Mesaba President and COO John Spanjers acknowledged that employees had made "considerable sacrifice" to ensure the company's survival and added, "I am confident we will see brighter days ahead." Nov 29, 2006 Northwest Airlines Northwest Airlines flight attendants, represented by the Assn. of Flight Attendants, argued in a US appeals court this week for the right to strike over management's imposition of $195 million in annual concessions. A federal judge issued an injunction in September preventing the flight attendants from engaging in work actions and the National Mediation Board The National Mediation Board is a three-person board created in 1934 by an act amending the Railway Labor Act (45 U.S.C.A. §§ 151–158, 160–162, 1181–1188) to resolve disputes in the railroad and airline industries that could disrupt travel or imperil the subsequently ordered the two sides back to the negotiating table. But AFA AFA In currencies, this is the abbreviation for the Afghanistan Afghani. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. told the appeals court that NWA's imposition of cuts despite flight attendants' rejection of two tentative concessionary agreements gives workers the right to work actions. NWA NWA Northwest Airlines (ICAO code) NWA Northwest Arkansas NWA National Wrestling Alliance NWA National Weather Association NWA National Works Agency (Jamaica) NWA Network Analyzer said it is seeking an agreement with 7,300 flight attendants but argued that any work action would violate US laws governing airline labor relations. It is not known when a ruling will be issued. Nov 30, 2006 Northwest Airlines Northwest Airlines said it will not renew interline in·ter·line 1 tr.v. in·ter·lined, in·ter·lin·ing, in·ter·lines To insert between printed or written lines. in agreements with approximately 50 carriers that do not have plans to offer interline e-ticketing when the accords expire on Jan. 1. NWA currently offers interline e-ticketing with 43 airlines and said, "interline agreements are the final phase in our effort to offer the many benefits of e-ticketing to all of our customers worldwide." It said the 50 carriers "involve a small volume of interline activity" and it will consider new agreements with them if they agree to a satisfactory alternative like Worldspan's e-ticket interchange product. Nov 28, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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