restructuring
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American Airlines’ parent, AMR files for bankruptcy
American Airlines’ parent, AMR, has filed for Chapter 11 bankruptcy in the US, marking the last of the major US legacy carriers to avail itself of bankruptcy protection as it moves to slash its cost structure in the face of intense industry competition.
01 December 2011
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JAL to sell logistics arm
Japan Airlines (JAL) is to sell its 72 per cent stake in JAL Logistics to Shizuoka-based cargo distribution centre operator Hamakyorex. JAL Logistics’ main business is the provision of land transportation and customs clearance services. The move …
17 September 2010
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ANA boss complains about government support for JAL
ANA President and CEO Shinichiro Ito questioned whether public aid for bankrupt Japan Airlines distorts Japan's competitive environment. Testifying before a government committee, Ito said JAL's turnaround program is progressing "haphazardly," accordi…
16 April 2010
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INDIA: Air India bail out, but with conditions
The Indian government has said it will help bail out the ailing state-owned carrier, Air India, but said it must restructure and cut costs and asked the National Aviation Company of India Ltd (Nacil) to present a restructuring plan for Air India wit…
01 July 2009
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INDIA: Jet posts profit, more restructuring in store
Defying the global air cargo slowdown Jet Airways has posted a net profit of US$10.4 million for the fourth quarter ended 31 March on what it said was a result of improved international performance, effects of the restructuring programme and reduced…
01 June 2009
