Swissair's turnaround plan suggests recovery will be a long struggle

Article Abstract:

Swissair Group's recovery plans reveal that the carrier's plan will be a long and difficult process. Swissair will concentrate on improving its core unit efficiency.

Switzerland, TRANSPORTATION BY AIR, Air Transportation, Management, Transportation industry, Air transportation industry, Civil aviation, Swissair Group

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Despite 25% jump in net, Club Med won't relax

Article Abstract:

Club Mediterranee reported an improvement of 25% in its net profits for the first half of the 1999 fiscal year. Philippe Bourgugnon, the chairman and chief executive of Club Med, said that the group will continue seeking acquisition and alliance opportunities in the rapidly changing travel industry in Europe. Mr. Bourgugnon asserted that Club Med would not be targeted for a hostile takeover offer.

Comment:

Posts 25% rise in 1999 first half net profits; co seeking acquisitions and alliances

Sales, profits & dividends, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Planning, Abstract, Hotels and motels, Club Mediterranee S.A.

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German bid to link DASA, Aerospatiale finds French resistance

Article Abstract:

A merger between DaimlerChrysler Aerospace and Aerospatiale Matra SA is being promoted by the government of Germany. However, industry officials in France claim that the French government is not that close to selling off its 48% share in Aerospatiale.

Germany, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Mergers, acquisitions and divestments, Aircraft industry, Aerospatiale Matra S.A., DaimlerChrysler Aerospace AG

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