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Finnair reaches savings agreement with cabin crew

Tuesday, 7 Oct 2014 12:35am EDT

Finnair Oyj:Reaches savings agreement with cabin crew.Says agreement brings Finnair 18 million euros in permanent annual savings.Says as a result of the savings agreement, Finnair is no longer planning on further outsourcing of cabin services.

Malaysian Airline System Bhd announces dissolution of Macnet CCN (M) Sdn. Bhd.

Wednesday, 10 Sep 2014 08:00pm EDT

Malaysian Airline System Bhd:Says Macnet CCN (M) Sdn. Bhd., a subsidiary of MAS which was placed under Members' Voluntary Liquidation on Aug. 24, 2007 and held its final meeting on June 02, 2014, was dissolved on Sept. 11.

Air Berlin PLC to cut capacity and fleet and to introduce other restructuring initiatives

Wednesday, 20 Aug 2014 01:13pm EDT

Air Berlin PLC:Says has sufficient liquidity for restructuring initiatives and to deal with upcoming bond maturities.Remains committed to three segments: Europe, touristic and long haul.Says comprehensive restructuring program will be presented by the end of Sept. in full detail.Will focus on largest travel markets in the DACH region (Germany, Austria, Switzerland) as well as Palma de Mallorca and connect these high volume routes with high frequencies in point-to-point traffic.Says more focussed network design could equate to a capacity reduction in the region of 10 pct.Says wants to cooperate closer with Etihad Airways and network partners.Says will strive for narrow body jet fleet harmonization in entire network.Intends to reduce fleet by about 10 aircraft.Says has decided to close down five of smaller crew bases.Wants to enhance commercial capabilities.


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