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- Edition: 1469
Headlines
Contents AMR's $20m severance pay for CEO opposed
A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the US Department of Justice over nearly US$20 million in severance pay earmarked for outgoing boss Tom Horton.
Lufthansa Cargo reviews expansion plans
The air freight division of Deutsche Lufthansa is examining its fleet expansion plans in the face of uncertainty over the prospects for economic recovery in Europe and could mothball some of its older aircraft, reported Reuters.
Air China orders 100 Airbus A320 planes
European aircraft company Airbus has booked firm orders valued at US$9.67 billion on the basis of list prices for 100 of its medium-haul, single aisle A320 aircraft from Air China and its subsidiary Shenzhen Airlines.
El Al Airlines quarterly loss widens
El Al Israel Airlines said its first-quarter net loss widened, hurt by a military conflict in the fourth quarter as well as increased competition and higher operating costs, reported Reuters.
Ryanair may have to sell half its stake in Aer Lingus
British regulators are set to force Ryanair to sell off half of its stake in Aer Lingus, effectively ending its chances of buying the former national carrier, reported the Irish Independent.
Russian rail freight operators in merger talks
The owners of rail freight operators Globaltrans and NefteTransService are in talks on a merger that would create a business with sales of US$2.7 billion and a 10 percent share of the Russian market, industry sources told Reuters.
Long Beach exec moves to Oakland
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