Airlines

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Trade union in two-year wage deal with Norwegian Air-Reuters

Friday, 5 Feb 2016 09:22am EST

Norwegian Air Shuttle ASA:Trade union Parat says signs two-year wage deal with Norwegian Air on behalf of Danish and Norwegian cabin crews-Reuters.Parat says deal includes moderate wage growth and certain guarantees on jobs.Parat says deal also includes more flexibility on work hours and changes to insurance schemes, resulting in lower costs for Norwegian Air.

Hainan Airlines announces capital injection in Azul S.A.

Thursday, 4 Feb 2016 07:00pm EST

Hainan Airlines Co Ltd:The company or its subsidiary to invest $450 mln into Azul S.A., to hold 23.6842 pct stake (31,620,950 D shares) up from 0 pct stake.

Delta Air Lines says Ed Bastian appointed CEO

Wednesday, 3 Feb 2016 04:35pm EST

Delta Air Lines:Says Ed Bastian appointed CEO.Says Anderson will be elevated to executive chairman of the Delta Air Lines board of directors.Says Richard H. Anderson has chosen to retire as CEO effective may 2, 2016.Says Dan Carp will step down as non-executive chairman and remain on the board of directors of Delta.Says Gil West is promoted immediately to senior executive vice president and chief operating officer.Says board of directors also appoints Steve Sear, president international and executive vice president global sales.

China Southern Airlines Co Ltd - Communist Party expels China Southern Airlines chairman - EFEING

Tuesday, 2 Feb 2016 08:51pm EST

China Southern Airlines Co Ltd:China Southern Airlines chairman Si Xianmi has been expelled from the Communist Party of China, or CPC, and placed under judicial investigation on charges of corruption - EFEING.Si "violated frugality rules" by playing golf with public funds and accepting gifts, and also broke financial rules in his management of the airlines, said China's anti-corruption watchdog, the Central Commission for Discipline Inspection, or CCDI, in a statement Wednesday - EFEING.It added Si's son too, was involved in the case. The statement further says Si abused his post to benefit and help family members, in addition to accepting bribes - EFEING.The CCDI also accuses Si of interfering with the Commission's inspections and of withholding certain personal information from it. - EFEING.According to a new order passed by the CPC in October, party members, especially high-ranking ones, can be prosecuted for "extravagant" activities or habits such as playing golf, throwing lavish parties, or engaging in extramarital affairs. - EFEING.

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