- Delta Seeks to End Pilots' Pension Plan[Jun. 19, 2006]
Delta Air Lines said on Monday that it is notifying the federal pension insurer, the Pension Benefit Guaranty Corporation, that it intends to end its pilots' pension plan, a spokesman said.
- JAL to Cancel Flights if Unions Strike[Jun. 19, 2006]
Japan Airlines said on Monday that four of its unions may hold a one-day strike on Wednesday, which could force it to cancel a quarter of its domestic flights.
- Travelocity Business Expands Operations[Jun. 19, 2006]
Travelocity Business has recently launched its first wholly-owned service centre in Europe and shared its plans to pursue business local to the UK this summer. (6/19/2006)
- MU Returns Leased Airbus A300-600R[Jun. 18, 2006]
On the morning of 8th, June, China Eastern Airlines Co.,Ltd. let the first Airbus A300-600R passenger plane (Rego: B-2320), which has been terminated in leasing, to fl from Shanghai to Dresden, Germany, for the aircraft return back to its owne - GE Commercial Aviation Services.
- Continental Airlines Strives for NY-Shanghai[Jun. 17, 2006]
- Analyst Applaud Cathay Pacific's Action[Jun. 19, 2006]
Cathay Pacific's recent acquisition of Dragonair and strategic alliance with Air China could put it in a position to eclipse rivals such as Singapore Airlines and Qantas? reports media. (6/19/2006)
- The West Paces Hotel Group Selects CRS[Jun. 07, 2006]
CHICAGO (June 7, 2006) -- TravelCLICK Inc., a leading provider of hotel business process management (BPM) solutions, announced today that The West Paces Hotel Group, a renowned international hotel and resort management company, will implement an integrated TravelCLICK distribution solution to drive increased revenue across its various brands. TravelCLICK's iHotelier Central Reservation System (CRS) will act as the distribution hub for website and GDS reservations, while market intelligence and marketing solutions provide decision support and demand growth for seven managed properties and three Solis brand hotels.
- Pago Report: European E-commerce Booming[Jun. 19, 2006]
For the fifth consecutive year Pago has analysed real-life purchase transactions in European online shops. The Pago Report 2006 is entitled "Trends in Consumer Purchasing and Payment Behaviour in selected E-commerce Industries 2006 and shows that E-commerce in Europe is booming again.
- Re-regulation Won't Save the Pension[Jun. 19, 2006]
Re-regulating the US airline industry in order to avoid future pension defaults by airlines would reverse the benefits to consumers of deregulation "and would not save airline pensions," according to a new study by the US Government Accountability Office, the research and investigation arm of Congress.The study was undertaken at the request of the House of Representatives. After filing for Chapter 11 protection, United Airlines and US Airways defaulted on their defined benefit pension plans, "costing the Pension Benefit Guaranty Corp. nearly $10 billion and pension beneficiaries $5 billion," GAO noted. Delta Air Lines also is expected to default on its pension obligations. In total, active and frozen airline plans were underfunded by almost $15 billion at the end of 2005, the agency said.
- EADS Co-CEO Enders Breaks Silence[Jun. 18, 2006]
EADS Co-Chief Executive Thomas Enders broke his silence on the crisis surrounding Europe's largest aerospace group on Sunday, saying it is a matter for the whole group, not just for Airbus.