Abstracts » Business, international

Alitalia pleads for big job cuts, moves to split airline in two

Article Abstract:

In the hopes of staving off bankruptcy, Italian airline Alitalia Linee Aeree Italiene S.p.A. is seeking approval from its workers to cut nearly a quarter of its employees and split its flight operations from its debt-ridden ground-service operations. Unions recognize that in accepting Alitalia's request they could be seen compromising their clout; failed negotiations, however, could lead the airline into government-appointed administration or liquidation within a matter of days.

Italy, Executive changes & profiles, Personnel administration, Officials and employees, Human resource management, Compensation and benefits, Negotiation, mediation and arbitration, Airline employees, Company personnel management, Linee Aeree Italiane S.p.A., Cimoli, Giancarlo

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Onex proposes to buy, merge 2 Canada airlines

Article Abstract:

Onex Corp. is planning to purchase and combine both Canadian Airlines and Air Canada. Both carriers are two major Canadian airlines. The move is supported Canadian Airlines and AMR Corp., the airline's close partner in the US. The proposed deal however, has serious legal and regulatory problems. Onex is an investment company based in Toronto.

Strategy & planning, Scheduled Airlines, Scheduled Air Transportation, Financial Holding Companies, Offices of Bank Holding Companies, Planning, Financial services industry, Financial services, Abstract, Canadian Airlines International Ltd., Onex Corp.

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Air Canada creditors endorse restructuring plan for carrier

Article Abstract:

Air Canada's creditors approved a restructuring plan that will provide them about ten cents on the dollar of claims. The plan should allow Canada's largest airline to emerge from bankruptcy protection.

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