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BUSINESS BRIEFS.(A)
AIRLINES
Senate, House ready airline aid
The House's $3.2 bil package and the Senate's $3.5 bil plan passed their respective appropriations panels attached to separate Iraq war funding bills. Both versions reimburse airlines for security costs. The Senate version also helps with high-end liability insurance aid to unemployed airline workers.
Air Canada flies into bankruptcy
Canada's No. 1 airline by far will keep flying while it negotiates with creditors. Air Canada, suffering from 9-11 aftershocks, a weak economy and now war in Iraq and the SARS virus, needs to rework nearly $8.8 bil of debt and seek big concessions from unions. On March 20, Air Canada announced it would cut 3,600 jobs.
AMR surges on labor union deals
American Air's parent rose 43% to 3 after it got concessions that will save $1.8 bil a year and help forestall bankruptcy. Goldman Sachs and J.P. Morgan upgraded the stock. Goldman cites a bleak outlook, but adds that the deals put AMR in a good spot when demand recovers. CEO Don Carty will take a 33% pay cut and forgo a bonus.
- Air Canada To Fly Daily To Israel.(Brief Article)
- Magazine article from: Israel Business Today December 1, 1999 700+ words
...worked out between EL-Al and Air Canada. Both companies have been using...of weekly flights allowed to Air Canada. The north American air travel route is highly important...fears that additional flights by Air Canada to Israel will reduce its load...
- [2] Air Canada To Fly Daily To Israel.(Brief Article)
- Magazine article from: Israel Business Today December 1, 1999 700+ words
...worked out between EL-A1 and Air Canada. Both companies have been using...of weekly flights allowed to Air Canada. The North American air travel route is highly important...fears that additional flights by Air Canada to Israel will reduce its load...
- Air Canada President Pierre J. Jeanniot calls for return to basics to win back...
- Press release article from: PR Newswire December 14, 1989 700+ words
...In terms of service, Air Canada's Executive Class service...Jeanniot noted that Air Canada is focussing a great...achieving an integrated North American air transport market...Associates Inc./ CO: Air Canada ST: California IN...
- Air Canada President and CEO Urges U.S. AirLine CEOs Towards Further...
- Press release article from: PR Newswire December 13, 2001 700+ words
...Chief Executive Officer, Air Canada told chief executive officers...briefed U.S. airline CEOs on Air Canada's "Open Skies Plus" proposal...Milton told the ATA Board that Air Canada's modified sixth freedom...backgrounder entitled 'A North American Air Policy For The ...
- American Air mulls 'rebundling' of fares.(Shipping)
- Newspaper article from: Manila Bulletin October 26, 2009 700+ words
...boarding and two free bags. This service starts at $47 for a one-way flight.Another illustration of rebundling comes from Air Canada, which offers five levels of service. Passengers at the lowest level must pay for access to the airport lounge or seat selection...
- American Air cost savings offset by fuel.
- Newspaper article from: Daily Oklahoman (Oklahoma City, OK) May 4, 2006 700+ words
...airlines. The Tulsa center employs about 7,000 workers and has contracts to do work for several outside companies including Air Canada and Avianca. The base has a goal of making $500 million in outside work by the end of the year. To date, the center has...
- Air Canada unveils New Look and Leading Edge In-Flight Enhancements, Canadian...
- Press release article from: PR Newswire October 19, 2004 700+ words
Thousands of Air Canada employees, joined by Canada's international...flight product enhancements that will place Air Canada on the forefront of international air carriers. Today and tomorrow, Air Canada is holding events in Toronto, Montreal...
- Air Canada to launch only daily non-stop service between Montr al and Houston,...
- Press release article from: PR Newswire August 19, 2009 700+ words
...Aug. 19 /PRNewswire-FirstCall/ -- Air Canada today announced the expansion of new...Montr al. Effective November 30, 2009, Air Canada will offer the only daily non-stop...will offer convenient connections to Air Canada's network across Canada. "With addition...