Boeing to lay off 250 employees

Boeing officials announced that 60-day layoff notices would be issued to approximately 250 employees at its Wichita site on November 10, 2005. This includes the reductions in the Shared Services Group (SSG) and Information Technology (IT) operations that were previously announced. Despite these layoff notices the Company expects that the overall job outlook for Boeing in Wichita will remain relatively stable due to the planned hiring of additional engineers and potential recalls meeting new business requirements throughout the year.

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US Airways outsources ULD management to save $2 million over 5 years

US Airways is the first U.S. international carrier to outsource Unit Load Device (ULD) management in a sale and leaseback deal that furnishes ownership and administration of the airline’s ULD fleet to Jettainer GmbH. As part of its corporate cost-savings initiatives, US Airways has transferred its entire fleet of air cargo and passenger flight containers and pallets to Jettainer. Jettainer will manage the airline’s entire ULD operations for a monthly fee which covers ULD supply chain management services including order management, repair and maintenance, tracking and tracing, account management and other fleet administration services. Jettainer is expected to save US Read more

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Aer Lingus appoints corporate advisors for privatisation process

Aer Lingus, the Irish state owned airline, confirmed the appointment of Merrion Capital and Goldman Sachs as advisors to the company. The advisors will assist Aer Lingus in the privatisation process already initiated by the Government. New investment in the airline is essential to fund fleet acquisition and other development expenditure required to underpin growth in both the medium and long term. Dermot Mannion, Chief Executive, Aer Lingus said, “This appointment of our corporate advisors comes as discussions on the privatisation process are now entering a critical phase. Merrion Capital and Goldman Sachs will begin their work immediately”.

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