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Aviakompaniya UTair OAO to sell UTair ZAO to subsidiary

Friday, 27 Dec 2013 07:00pm EST

Aviakompaniya UTair OAO:Says under optimization of its corporate structure, the Supervisory Board has approved the sale of 100 percent stake in UTair ZAO to the company's subsidiary, UTair-Leasing OOO.

Star Flyer Inc changes early-retirement program period

Friday, 27 Dec 2013 01:00am EST

Star Flyer Inc:Says the early-retirement program offering period was changed to Dec. 16, 2013 to Jan. 17, 2014.Says the previous disclosed period was Dec. 16 to Dec. 26.

Southwest Airlines Co to cease operations in three cities

Thursday, 5 Dec 2013 01:30pm EST

Southwest Airlines Co:Says its decision to close three cities in the airline's network.Say on June 7, 2014, Southwest will cease operations at Branson Airport (BKG), Key West International Airport (EYW), and Jackson-Evers International Airport (JAN).

Deutsche Lufthansa AG's Lufthansa Technik Airmotive Ireland Considers Closing Down - Reuters

Friday, 15 Nov 2013 09:38am EST

Reuters reported that Lufthansa Technik Airmotive Ireland (LTAI), a unit of German airline Deutsche Lufthansa AG, is considering closing down, Lufthansa's maintenance division said on November 15, 2013. LTAI - a jet engine overhaul facility in Rathcoole with 400 employees - will begin immediate negotiations with three trade unions and employee representatives, it said in a statement. The decision follows a review of operations at LTAI, in the context of declining revenues and shrinking international market opportunities, it said.

Star Flyer Inc to Offer Early-retirement Program

Friday, 15 Nov 2013 01:00am EST

Star Flyer Inc announced that it plans to offer an early-retirement program, during the period from December 16, 2013 to December 26, 2013. The employees will be offered retirement pay and outplacement support. The Company expects approximately 30 employees to take up the offer, with retirement date of March 31, 2014.

Finnair Oyj's Subsidiaries Finland Travel Bureau and Area Plan to Merge; Company Starts Employee Consultations

Friday, 25 Oct 2013 03:00am EDT

Finnair Oyj announced that its subsidiaries Finland Travel Bureau and Area have signed a Memorandum of Understanding that, if realized, would merge the two companies into a Finnish business travel agency. The aim of the plan is to improve the possibilities to offer Finnish companies and organizations services tailored to business travellers’ needs both within the region and internationally. If implemented, the plan would see Kirsi Paakkari, Managing Director of Finland Travel Bureau, become the Managing Director of the merged company. The merging is planned for December 2013. During the planning phase, customer service and customer relationship management operations will remain unchanged. The aim of merging the two travel agencies is to achieve volume synergies and reductions in costs by eliminating overlapping functions. For this reason, employee consultations will be initiated at Finland Travel Bureau and Area regarding the plans.

AirAsia Bhd Announces Removal Of Wholly-Owned Dormant Subsidiary From Registrar Of Companies For England AND Wales

Tuesday, 18 Jun 2013 05:22am EDT

AirAsia Bhd announced that Asia Air Limited, a wholly-owned dormant subsidiary of the Company, which was duly incorporated in England and Wales on December 21, 2009 has been removed from the Registrar of Companies for England and Wales on June 18, 2013.

AK TRANSAERO OAO To Liquidate its Representative Offices in London, United Kingdom of Great Britain and Northern Ireland-SKRIN

Tuesday, 11 Jun 2013 09:03am EDT

SKRIN reported that AK TRANSAERO OAO's Board of Directors has decided to liquidate the Company's representative offices in London, United Kingdom of Great Britain and Northern Ireland.

Singapore Airlines Ltd Announces Liquidation Of Dormant Subsidiary

Thursday, 28 Mar 2013 05:28am EDT

Singapore Airlines Ltd announced that its wholly owned subsidiary, SIA Properties (Pte) Ltd (SIAP), has been placed under members’ voluntary liquidation. The voluntary liquidation of SIAP is not expected to have any material impact on the Net Tangible Assets and Earnings Per Share of SIA for the current financial year ending March 31, 2013. None of the directors or substantial shareholders of SIA has any interest, direct or indirect, in the voluntary liquidation of SIAP.


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