- BA says bankruptcy suggestion ludicrous[Jan. 13, 2006]
British Airways, Europe's third-largest airline by traffic, on Friday dismissed as ludicrous an actuary's suggestion the carrier would need to declare bankruptcy to clear its pensions deficit.
- SAS to downsize Scandinavian Airlines[Jan. 16, 2006]
Although SAS Group has succeeded in reducing costs by SEK14 billion ($1.8 billion) over the past three years through its Turnaround 2005 program, the company's namesake airlines, collectively known as Scandinavian Airlines Businesses, continue to underperform. Furthermore, SAS says ongoing contract negotiations with unions are not progressing toward the cost-saving goals it needs, according to a recent edition of the company's internal newsletter. As a result, it is looking at shrinking SAB by eliminating unprofitable routes and cutting frequencies, resulting in layoffs and aircraft disposals. SAS Sverige (Sweden) laid off 120 employees in December while a further 150 were given a choice between transfer and redundancy.
- Embraer suspends plans for US factory[Jan. 13, 2006]
Brazilian jet maker Embraer said on Friday it had suspended plans to build a factory in Jacksonville, Florida, after the US Army canceled a contract for a new spy-plane program.
- Northwest workers To vote on contract[Jan. 15, 2006]
The union representing about 14,000 ground workers at bankrupt Northwest Airlines said on Saturday that it would let members vote on a settlement proposal that could eliminate the need for the airline to void the workers' contract as it seeks savings.
- Virgin Blue owes ground staff millions[Jan. 26, 2006]
VIRGIN Blue could be forced to pay millions of dollars in back pay to ground staff who failed to receive shift allowances.
- Boeing to invest as order confirmed[Jan. 11, 2006]
Boeing will invest USD$185 million in facilities in India and source 85 billion rupees (USD$1.94 billion) in products and services over a period of 10 years, India's civil aviation minister said on Wednesday.
- US airline stocks take biggest tumble[Jan. 11, 2006]
US Airline stocks took their biggest plunge in 11 weeks on Wednesday on what an analyst said were valuation concerns after a rally which bolstered the sector by 40 percent from a two-year low in September.
- Air Sahara says no sale to Jet Airways[Jan. 11, 2006]
India's second-biggest private airline, Air Sahara, on Wednesday denied reports that it was selling out to Jet Airways and said it was only in talks with Jet on strategic alliances.
- BAA passenger numbers up 2% in December[Jan. 11, 2006]
British airport operator BAA said on Wednesday that it handled 10.7 million passengers in December, an increase of 2 percent from the year before.
- Jet Airways tipped to buy Air Sahara[Jan. 11, 2006]
Indian largest domestic airline Jet Airways is being tipped to buy-out Air Sahara in a deal worth $560 million, according to local media.