Topic: Transportation and Logistics Sector
SAS to raise cash, cut 700 jobs after Q4 loss
AP News
SAS to cut 700 jobs, raise $670M in share issue after posting quarterly lossScandinavian airline group SAS on Tuesday asked shareholders for a 5 billion kronor ($670 million) cash injection, saying it needs more liquidity to emerge from the economic downturn after reporting a loss in the fourth quarter. The ...
Japan Airlines rejects Delta, stays with American
AP News
Japan Airlines spurns Delta Air Lines, opts to keep alliance with American AirlinesJapan Airlines, wooed for months by Delta Air Lines with promises of cash and a broad global network, spurned the world's biggest carrier and opted to keep its alliance with American Airlines. The Japanese carrier said Tuesday ...
Airline safety problems
Las Vegas Sun
Report shows passengers at risk because of lax airplane maintenance Over the past six years, the Federal Aviation Administration levied more than $28 million in fines against 25 airlines. ItÕs no wonder. USA Today reported Tuesday that more than 65,000 flights during the same period, carrying millions of passengers ...
JAL to stay with American, end Delta talks: source
Reuters US Online Report Business News
TOKYO (Reuters) - Japan Airlines Corp <9205.T> has decided to maintain its partnership with American Airlines <AMR.N> in the Oneworld alliance and end talks with Delta Air Lines <DAL.N>, a source with knowledge of the matter said. JAL's new management team ...
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