Airlines
The pension schemes of Britain's biggest companies are facing a massive financial crisis, with a staggering £37bn black hole that will take eight years to wipe out, even with record contributions and a performing stock market, according to a report by Lane Clark & Peacock. Companies like BAE
Airlines
The recent crash of Air France Flight 358 may have been exacerbated by a short safety zone at the end of the Toronto airport runway, according to safety experts. A 1978 accident on a nearby runway at the same airport and various U.S. National Transportation Safety Board recommendations highlight
Airlines
As passengers and flight crew members of Air France Flight 358 embarked on a harrowing journey after their plane crash-landed on August 2, 2005, their reactions were as varied as they were visceral. While some survivors basked in a sense of relief and even jubilation, others succumbed to sheer terror
Airlines
The Network of Indian Professionals (NetIP) has announced its 2005 U.S. corporate sponsors for its fourteenth annual gathering, set to bring together over 1,000 leading Indian American professionals in Atlanta. The event will focus on expanding the presence and role of young Indian professionals in the U.S.
Airlines
Amid concerns over record fuel costs, shares of Delta Air Lines and Continental Airlines led the Amex Airline Index higher earlier Monday, with ExpressJet Holdings and Continental Airlines seeing notable gains. Despite the challenges posed by high fuel prices, both airlines reported second-quarter profits. The industry's performance was
Airlines
Thousands of unionized employees at major hospitals in South Korea walked off their jobs on Wednesday, joining a growing wave of labor unrest in the country. The strike by nurses, administrative staff, and other non-doctor personnel at over 20 major hospitals has put a damper on the government's
Airlines
Airline operators and hospital workers in South Korea are embroiled in a labor dispute, with unions demanding better working conditions, higher pay, and greater participation in company decisions. Asiana Airlines, one of the country's largest carriers, has seen its operations crippled by a strike by unionized pilots, resulting
Airlines
Denver-based MarkWest Hydrocarbon Inc. received approval from the American Stock Exchange (AMEX) to return to compliance after submitting a plan of action. The company will restate its earnings for 2002, 2003, and 2004 due to an error in accounting for general partner compensations. Sprint Corp. agreed to buy US Unwired
Airlines
United Airlines is rehiring all 1,451 flight attendants currently furloughed, a decision driven by record passenger loads and higher-than-expected attrition. This move is a result of the airline's changing labor dynamics, with the company recalling 600 flight attendants by August 9, a significant increase from the initial
Airlines
The flight crew unions of South Korea's two largest passenger airlines, Korean Air and Asiana Airlines, have resumed talks with their respective management over better working conditions and job security. However, the unions' actions to demand an extension of the mandatory retirement age and withdrawal of the
Airlines
Pilots at South Korea's two major airlines, Korean Air and Asiana Airlines, are set to stage limited strikes this week in a bid to negotiate better welfare benefits. The strikes, which will significantly disrupt summer travel services, are a result of months-long negotiations between the pilots' unions
Airlines
United and Verizon Airfone have made a significant breakthrough in the aviation industry by becoming the first companies to receive Federal Aviation Administration (FAA) approval to install equipment enabling passengers and crew to use wireless technology (Wi-Fi) devices on board a U.S. domestic commercial aircraft while in flight. This
