Airlines
Air Canada is facing a "serious crisis" at its hub airport, Pearson International, due to the cancellation of the privatization deal signed in 1993. The airline's executive vice-president, Lamar Durrett, told a Senate inquiry that the airport is several years behind its US counterparts, such as
Airlines
The extract provides a comprehensive list of business leaders and organizations, organized alphabetically by name. This list includes companies from a wide range of industries, showcasing the diversity of business in the global economy. Key Takeaways: * The list includes 122 business leaders and organizations from various sectors, such as finance,
Airlines
A tragic accident unfolded in Guatemala when a Boeing 737 airliner, operated by Aviateca, crashed in a mountainous area near San Salvador, resulting in the loss of all 65 people on board. The plane, carrying 58 passengers and 7 crew members, had departed from Miami and was bound for San
Airlines
Federal transportation officials have announced plans for an in-air flight test to determine if turbulence from another airplane could have contributed to the crash of USAir Flight 427 near Pittsburgh last year. The test will involve a Boeing 737, the same type of plane that mysteriously crashed on September 8,
Airlines
Optus Communications has received clearance from Treasurer Mr Willis to relax the strict 49 per cent limit on foreign ownership, paving the way for its $500 million public float. The company can now proceed with the float, which was previously held back due to concerns about maintaining Australian control. The
Airlines
Small investors were able to sell their Qantas shares at a profit of over 10 per cent on the first day of the float, as institutions pushed the price up to $2.30. The high level of trade, with 76.5 million shares changing hands, was comparable to the first
Airlines
A sense of relief has been palpable in the market with the Qantas float successfully garnering interest from both local and foreign institutions. The Government's auction has secured significant interest, with the lead managers, McIntosh Corporate and Potter Warburg, confirming that demand for one billion shares has been
Airlines
Australia's recent asset sales to foreign interests, such as the takeover of BTR Nylex by BTR plc and the sale of Qantas, are not indicators of economic success but rather a sign of national economic failure. These transactions demonstrate a lack of prudent management of the country'
Airlines
Qantas has announced increases of up to 6.9 per cent in first and business class fares to Europe, despite a deal with the Trade Practices Commission (TPC) to limit price increases on routes to Europe. The increase applies to travel via both Asia and the US, and the new
Airlines
Qantas, now a privately held company, plans to intensify its four-pronged cost reduction program and product improvement, with the goal of achieving about $1.1 billion in potential savings. This move is aimed at reducing the volatility of changes in the economy, which has been harder on the airline industry
Airlines
AirTran Corporation, a leading airline operator in the Minneapolis-St. Paul area, released its June traffic results for its subsidiaries, AirTran Airways and Mesaba Aviation. The company's Orlando-based jet subsidiary, AirTran Airways, showcased a significant increase in revenue passenger miles (RPMs) and passengers carried, while its regional subsidiary, Mesaba
Airlines
American Trans Air (ATA) reported a 13.6% increase in June 1995 traffic compared to the same period last year, with 718.9 million revenue passenger miles (RPMs). The company noted that the increase in traffic was driven by its scheduled service, which saw a 36.6% increase in RPMs
