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EADS To Cut 5,800 European Jobs
Airbus parent EADS plans to cut 5,800 European jobs in a three-year restructuring of its military and space activities, the European aerospace group said on Monday. The cuts will be spread between Britain, France, German...
Australian PM Spurns Qantas Plea For Help
Australia’s prime minister Tony Abbott spurned a plea for help from Qantas Airways on Friday, saying subsidising the embattled airline would be “a bottomless pit” as its credit rating was relegated to j...
LOT 787 Grounded Due To Wind Damage
A Boeing 787 Dreamliner operated by Poland’s LOT was grounded in Chicago on Friday after strong winds on a flight from Warsaw damaged its spoiler, a LOT spokeswoman said. “The aircraft went from Warsaw to Chi...
Airbus Leads Order Race, Lags Boeing On Deliveries
Airbus and Boeing look set for a photo finish in their annual order race this year, but Airbus was well in front of its rival in the first 11 months as negotiators work out the small print of major deals clinched at the ...
Supreme Court Justice Denies Stay In Airline Merger
A US Supreme Court justice on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American Airlines and US Airways. The application was denied by Justice Ruth Bader G...
Italian Businessman To Invest In Alitalia
Italian businessman Antonio Percassi said he will subscribe to Alitalia’s capital increase for EUR€15 million through his Odissea holding company. In a statement Percassi, whose businesses include managing retail...
