American Airlines on Thursday stepped up efforts to save its partnership with Japan Airlines by pledging $1.1bn in financial support for the troubled Asian carrier.The investment, much of which would be provided by TPG, the US private equity group,
Airlines across Europe reacted sharply on Wednesday night to moves in Brussels to force them to set up acompensation fund for passengers stranded by failed carriers. They said that the move would be a costly response to an “infinitesimally small pro
Japan Airlines on Friday scrapped its earnings forecasts for the fiscal year to next March, citing uncertainty about a government-led rescue plan for its floundering business.JAL, which had previously forecast a Y63bn ($699m) net loss for the year,
LONDON - A United Airlines pilot has been charged after being arrested at London's Heathrow Airport on suspicion of being drunk shortly before he was about to fly a transatlantic airliner, police said on Wednesday. Erwin Washington, 51, from Lakewo
LONDON - A United Airlines pilot who was pulled from his trans-Atlantic flight to Chicago shortly before takeoff has been charged with having too much alcohol in his system, British police said Tuesday. Scotland Yard said that 51-year-old Erwin Verm
TOKYO - Japan Airlines said Monday its executives would receive no pay in December as the struggling carrier needs to cut costs in the face of massive losses. The move will affect JAL president Haruka Nishimatsu and some 70 other company officials
American Airlines’ top executive has delivered his most pointed attack yet on Delta Air Lines’ bid to form a joint venture with Japan Airlines, arguing that Delta would face an uphill battle in convincing US regulators to approve the partnership.Ame
Airlines and banks were among the worst performers on Monday as European bourses held steady after heavy losses last week.Ryanair was down 4.4 per cent to €2.82 after Michael O’Leary, chief executive, warned growth could stagnate by 2012. While the
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