www As part of its bankruptcy reorganization, American Airlines could announce plans next week to lay off more than 13,000 workers and eliminate pension plans, and at least one analyst warns the actions could lead to the end of the airline. “American made promises to pilots” about “pay, benefits, retirement and employment,” that in many cases “are not going to be kept,” according to Glenn MacDonald an economics professor at Olin Business School at Washington University, St. Louis. MacDonald believes the airline is not positioned to compete and generate sufficient profits to sustain operations without “significant reduction” in what it provides to employees. According to MacDonald, without those reductions, American “will soon be gone, not just reorganized,” with pieces bought up by competitors. Whether that proves prescient or propagandist, pilots’ pensions appear to be in the crosshairs and, you (the taxpayer) may be on the hook for something. American Airlines’ Bankruptcy May Cost You
February 4, 2012
American Airlines’ Bankruptcy May Cost You
American Airlines’ Bankruptcy May Cost You
www As part of its bankruptcy reorganization, American Airlines could announce plans next week to lay off more than 13,000 workers and eliminate pension plans, and at least one analyst warns the actions could lead to the end of the airline. “American made promises to pilots” about “pay, benefits, retirement and employment,” that in many cases “are not going to be kept,” according to Glenn MacDonald an economics professor at Olin Business School at Washington University, St. Louis. MacDonald believes the airline is not positioned to compete and generate sufficient profits to sustain operations without “significant reduction” in what it provides to employees. According to MacDonald, without those reductions, American “will soon be gone, not just reorganized,” with pieces bought up by competitors. Whether that proves prescient or propagandist, pilots’ pensions appear to be in the crosshairs and, you (the taxpayer) may be on the hook for something. American Airlines’ Bankruptcy May Cost You
Gippsland’s Airvan: What "Nice Flying" Really Means
www If you fly one LSA after another, you sometimes forget what a good handling really is. Gippsland’s Airvan: What "Nice Flying" Really Means
Gippsland’s Airvan: What "Nice Flying" Really Means
www If you fly one LSA after another, you sometimes forget what a good handling really is. Gippsland’s Airvan: What "Nice Flying" Really Means
US Airport Officer Accused Of Stealing Cash
www A security officer at New York’s John F. Kennedy Airport has been arrested on suspicion of stealing USD$5,000 in cash from a passenger’s jacket as it passed on a conveyor belt, police said. US Airport Officer Accused Of Stealing Cash
US Airport Officer Accused Of Stealing Cash
www A security officer at New York’s John F. Kennedy Airport has been arrested on suspicion of stealing USD$5,000 in cash from a passenger’s jacket as it passed on a conveyor belt, police said. US Airport Officer Accused Of Stealing Cash
Brazil Airport Auction Attracts Heavy Interest
www A landmark auction for companies to build and operate terminals at three Brazilian airports is attracting heavy interest as the nation tries to accommodate rising air traffic and prepare for the 2014 World Cup and 2016 Olympics. Brazil Airport Auction Attracts Heavy Interest
Brazil Airport Auction Attracts Heavy Interest
www A landmark auction for companies to build and operate terminals at three Brazilian airports is attracting heavy interest as the nation tries to accommodate rising air traffic and prepare for the 2014 World Cup and 2016 Olympics. Brazil Airport Auction Attracts Heavy Interest
Bidders Emerge In Race For TAV Stake
www French construction group Vinci and a partnership between US private equity firm Carlyle Group and the Qatar Investment Authority (QIA) are the leading bidders in a race for a near 40 percent stake in Turkish airport operator TAV, three sources close to the deal told reporters on Friday. Bidders Emerge In Race For TAV Stake
Bidders Emerge In Race For TAV Stake
www French construction group Vinci and a partnership between US private equity firm Carlyle Group and the Qatar Investment Authority (QIA) are the leading bidders in a race for a near 40 percent stake in Turkish airport operator TAV, three sources close to the deal told reporters on Friday. Bidders Emerge In Race For TAV Stake