Airlines
Delta Air Lines has signed a 5-year contract with AT&T for worldwide long-distance voice and data communications services, valued at $230 million. This extension of their existing agreement for Virtual Telecommunications Network Services (VTNS) aims to enhance customer service and reduce costs. The new contract will utilize cost-effective
Airlines
Delta Air Lines is emerging as a leader in the airline industry, following a Federal judge's decision that cleared the way for the carrier to cut costs and potentially boost profits. The airline has made significant strides in reducing its operating costs, aiming to carve out $2.4
Airlines
Over £35 million was wiped off the stock market value of the Saatchi & Saatchi group as three top executives resigned in protest over the sacking of chairman Maurice Saatchi. The news is seen as a serious blow for the company, which risks losing major accounts such as Mars and
Airlines
Senior executives at Saatchi & Saatchi, including acting chairman Jeremy Sinclair, US chief executive Bill Muirhead, and David Kershaw, have resigned in solidarity with founder Maurice Saatchi, who was forced to step down last month due to a boardroom coup by big stock market investors. The departing directors expressed their
Airlines
Qantas Airways' advertising account may be at risk of being relocated following a threat by Sir Colin Marshall, chairman of British Airways, to take his airline's $125 million account away from Saatchi and Saatchi. This comes as British Airways holds a 25 per cent stake in Qantas
Airlines
Maurice Saatchi, the founder of Saatchi & Saatchi, is facing a tough fight as the company struggles to stay afloat. The agency has seen declining sales, earnings per share, and employment levels over the past five years. Despite this, Saatchi remains defiant, insisting that his personal input is crucial to
Airlines
Millions of viewers witnessed the high-stakes rescue of 170 hostages from a hijacked Air France airliner, as French commandos from the National Gendarmerie Intervention Group stormed the aircraft and killed the four Algerian Islamic militant hijackers. The operation, praised by French Prime Minister Edouard Balladur, was hailed as a testament
Airlines
French commandos staged a daring raid on a hijacked airliner on Monday, freeing 169 passengers and crew and killing four extremists who had strapped dynamite to the plane's seats. The hijackers, linked to the Armed Islamic Group, had been demanding to be flown to Paris, where they planned
Airlines
Leading tech companies are making waves in the industry with new releases and partnerships. Canadian tech companies are also taking center stage, with Digital Equipment of Canada partnering with Air Canada to offer laptop computers on flights, and Fulcrum Technologies of Ottawa shipping its SearchServer software for Microsoft's
Airlines
The federal government has released its long-awaited international air policy, which includes significant changes to the current market dynamics. The 11-page policy paper, announced by Transport Minister Douglas Young, reaffirms the 30-year-old status quo that Calgary-based Canadian Airlines International holds the best routes in the fast-growing Asian market. Montreal-based Air
Airlines
Advertising mogul Maurice Saatchi, co-founder of Saatchi & Saatchi, has resigned as chairman of the company amid a boardroom conflict with shareholders. The catalyst for his downfall is a 10-page spread in Architectural Digest, which showcased the lavish interior design of his Sussex home. The article has sparked outrage among
Airlines
The Federal Government has planned the public float of Queensland Airways for May 1995, after two previous delays. The float, worth $2.5 billion, will be closely monitored to ensure the airline fetches the best possible price. The proceeds from the sale have already been included in this year'
