Canadian Airlines expects U.S. lifeline

Article Abstract:

Canadian Airlines International Ltd expects to forge a deal with an unnamed equity investor in the US as part of the financially troubled firm's bailout plan. The plan, which can result in the foreign ownership of the airline, is expected to include the participation of the company's parent, Fort Worth, TX-based AMR Corp. AMR, the holder of a 25%-stake in Canadian, is expected to petition the Canadian federal government for a loosening of the government's policy on foreign ownership.

Canada, Canadian Airlines International Ltd.

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Swissair seeks protection, to regroup on smaller scale

Article Abstract:

Swissair is hoping to receive protection from its creditors as the carrier has been hurt by its high debt. Swissair will regroup its operations into a smaller scope by way of its Crossair regional unit.

Switzerland, Management, Finance, Debt, Swissair

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Lufthansa-Cathay deal reinforces outsourcing

Article Abstract:

Cathay Pacific Airways Ltd. signed a $300 million contract with Lufthansa Technik AG to outsource engine maintenance operations. The outsourcing of non-core operation is increasing in airline industry.

Use of services, Contracts & orders received, Aircraft, Contracts & orders let, Germany, Contracts, Hong Kong, Contract agreement, Cathay Pacific Airways Ltd., Fixed base operators industry, Outsourcing, Lufthansa Technik

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