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Finnair Oyj issues 200 million euros hybrid bonds

9:45am EDT

Finnair Oyj:200 million euros ($227.5 million) hybrid bonds have been issued and admitted to trading on Helsinki Stock Exchange.

American Airlines Group Inc reaffirms Q3 2015 PRASM guidance

Friday, 9 Oct 2015 08:00am EDT

American Airlines Group Inc:Says that it continues to expect Q3 2015 consolidated passenger revenue per available seat mile (PRASM) to be down about 6 to 8 pct year over year.

Air France KLM SA - Air France pilot union says ready to resume talks with management - Reuters

Wednesday, 7 Oct 2015 08:00pm EDT

Air France KLM SA:Air France's Amain pilot union SNPL is ready to resume talks with the carrier's management over a planned restructuring, a union spokesman said on Thursday - Reuters.Air France-KLM Chief Executive Alexandre de Juniac is expected to meet SNPL leaders alongside some of the company's executives on Friday - Reuters.A majority of SNPL's council voted in favour of a resumption of talks with management, spokesman Emmanuel Mistrali said - Reuters.

Air France KLM SA - Alarmed by prospect of more Air France strikes, KLM staff speak out - Reuters

Wednesday, 7 Oct 2015 08:00pm EDT

Air France KLM SA:Dutch employees of Air France-KLM, wary of becoming collateral damage in the company's escalating labour conflict, launched a petition on Wednesday calling on their French colleagues not to carry out any more strikes - Reuters.The petition, which quickly garnered more than 1,000 signatures, is the latest sign of Dutch discontent with the trajectory of Air France-KLM - Reuters.Air France, whose parent is Franco-Dutch group Air France-KLM, announced 2,900 job cuts on Monday, prompting violent protests among its staff, including an incident in which two managers had their clothing torn by angry workers - Reuters.KLM spokesman Joost Ruempol said the petition by KLM cabin crew, which was not sponsored by the company, called on Air France employees to enter a "constructive" dialogue with management and not to further alienate the public - Reuters.Dolf Polders, the representative for KLM cabin and ground crew at the CNV Labour union, said KLM workers had been following the conflict at Air France "intensely." - Reuters.He said KLM, which has already undergone one restructuring in the past two years, is prepared "to make further sacrifices." - Reuters.

Air France KLM SA - Air France may cut 5,000 more jobs in new restructuring - sources - Reuters

Monday, 5 Oct 2015 08:00pm EDT

Air France KLM SA:Air France will cut a further 5,000 jobs if a second phase of its cost-cutting plan goes ahead, on top of an already announced plan to cut 2,900 jobs, two union sources told Reuters on Tuesday, although the French company denied these figures - Reuters.Air France, having failed to secure pilots' agreement for a plan to increase working hours for the same pay, had to come up with a more draconian one earlier this week, unveiling 2,900 job cuts and prompting violent protests among staff - Reuters.That could be just the first phase of the so-called "plan B", union sources said - Reuters.On Monday, Air France said the long-haul business would be reduced by 10 percent, with the fleet down by 14 aircraft to 93 - Reuters.Union sources told Reuters that each aircraft taken out represents 100 stewards, 50 pilots and 200 ground workers, as well as other productivity savings, suggesting total cuts may eventually reach almost 8,000 - Reuters.

AirAsia Bhd says entered into share sale agreement with Tune Money International Sdn Bhd

Monday, 5 Oct 2015 08:00pm EDT

AirAsia Bhd:Entered into a share sale agreement with tune money international sdn bhd.Tmi agreed to sell to AirAsia and AirAsia agreed to acquire from TMI a total of 81 million ordinary shares of 0.10 rgt each.Acquisition financed by the company's internally generated funds.Deal for cash consideration of 6.36 million rgt.Transaction is expected to contribute positively to the earnings and cash flow of AirAsia in the future.

Air France KLM SA - France urges pilots facing new job cuts to back reforms - Reuters

Thursday, 1 Oct 2015 08:00pm EDT

Air France KLM SA:France's Socialist government stepped up the pressure on Air France unions on Friday saying the nation's flag carrier must cut costs to survive and pilots should negotiate a deal to boost productivity - Reuters.Economy Minister Emmanuel Macron said the airline, part of Franco-Dutch group Air France-KLM, had no choice but to tighten its belt further because of the modernisation already well under way at its rivals - Reuters."Air France must carry out reforms," Macron told reporters after meeting Air France-KLM Chief Executive Alexandre de Juniac, adding that "the door to negotiations remains open" - Reuters.After failing to win pilot approval by the end of September for productivity plans supported by the bulk of its 64,000 staff, Air France is preparing to outline a "Plan B" to unions at a meeting on Monday - Reuters.De Juniac said the plan would include "significant" job cuts and Macron said they would be "tougher" than previous proposals - Reuters.A union source said de Juniac had told the board, which includes labour representatives, the airline was prepared to cut 2,900 jobs as a result of the failure to reach a deal with pilots over its "Perform 2020" restructuring plan - Reuters.That would equate to 4.9 percent of the workforce of Air France, or 3.1 percent of the entire Franco-Dutch company formed from the merger of Air France and KLM in 2004 and in which the French government owns 17.6 percent - Reuters.

United Continental Holdings Inc - United Airlines and maintenance workers' union pause contract talks - Reuters

Thursday, 1 Oct 2015 08:00pm EDT

United Continental Holdings Inc:United Continental Holdings Inc and its maintenance workers' union said on Friday that they paused talks on a new contract after a rival airline tentatively agreed to a wage increase - Reuters.United said in an online message to employees that it met with the International Brotherhood of Teamsters for the last two weeks and made headway on healthcare, sick time and hours of service - Reuters.Chicago-based United is assessing how that deal, which increased pay for American's passenger service agents, affected industry wages, the message said. It will reconvene talks with the Teamsters in two weeks - Reuters.The message, posted on, said the company offered significant pay increases, but a deal that the Teamsters reached Wednesday with American Airlines Group Inc "reset the market." - Reuters.The pause reflects the company's challenge in reaching labor deals and integrating its workforce since United and Continental merged in 2010. Each still has its own contracts with flight attendants and maintenance technicians - Reuters.

SAS AB enters into agreements with Cityjet for wet lease and sale of Blue1

Thursday, 1 Oct 2015 02:00am EDT

SAS AB:Begins collaboration with Cityjet on regional jet services.Says as part of this collaboration, Cityjet is also acquiring 100 pct. of shares in SAS subsidiary Blue1.To adapt size of production to traffic flows SAS utilizes hired capacity, known as a wet lease, with smaller regional jet and turboprop aircraft.

Transasia Airways updates change of general manager

Thursday, 1 Oct 2015 12:47am EDT

Transasia Airways Corp:Says Wu Husheng will no longer serve as general manager due to resignation and Wu Husheng will serve as counselor.Appoints Chen Weizhou as acting general manager, with effective date Oct. 5.


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