Continental reached tentative agreement with flight attendants

Continental Airlines has reached agreement with the IAM covering the company’s flight attendants. Details of the agreement were not released. Results of the ratification process are expected in January 2006. The agreement between Continental Airlines and the IAM, along with previously announced pay and benefit reductions for other work groups, concludes the negotiation process with all Continental’s domestic employees.

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US Airways reaches transition agreement with Customer Service Union

US Airways Group, Inc. has reached a transition agreement with the two unions that represent the airline’s passenger service employees. The Communications Workers of America (CWA), which represents US Airways’ passenger service employees, and the International Brotherhood of Teamsters (IBT), which represents America West’s passenger service employees, recently formed an alliance designed to represent the new merged airline’s passenger service employees. Termed the Airline Customer Service Employee Association, this alliance will represent approximately 7,150 passenger service and reservations employees.

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Thai Airways report a net profit despite higher fuel prices

Thai Airways International Public Company Limited announced its financial results for the fiscal year ending September 2005, reporting a net profit of 6,777 million baht. Mr. Somchainuk Engtrakul, Member of the Board of Directors Acting as President, Thai Airways International Public Company Limited, announced that THAI

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Rex Regional Express acquires Australian based Air Link

Within a month of its successful listing on the ASX, Regional Express Holdings Limited (Rex), announced the acquisition of the Dubbo based regional / commuter airline Air Link. Under the agreement, all Air Link shares will be transferred to Rex for 100% ownership of the Company

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British Airways plans a reduction of 35% in management staff

British Airways announced plans to re-structure its business with a 35 per cent reduction in the number of its 1,715 managers by March 2008. The figure comprises a 50 per cent reduction in senior managers, from 414 jobs to 207, and a proposed 30 per cent reduction in middle managers from 1,301 jobs to 911 jobs. This brings the total number of job cuts to 597. Willie Walsh, chief executive, said: “I said when we reported our second quarter financial results last month that our costs were up in most areas and that, as a result, we need to re-energise Read more

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