A delegation of chief executives representing Europe’s major airlines met with European Commission transport commissioner and commission VP Antonio Tajani in July to emphasise the depth of the crisis facing European air transport. The Association of European Airlines (AEA) chairman for 2009, Ivan Misetic of Croatia Airlines, was accompanied by Jean-Cyril Spinetta of Air France/ KLM, Willie Walsh of British Airways, Wolfgang Mayrhuber of Lufthansa and Steve Ridgway of Virgin … [Read more...] about EUROPE & CIS: Euro airline chiefs appeal to EC
bailouts
EUROPE & CIS: Euro airline chiefs appeal to EC
A delegation of chief executives representing Europe’s major airlines met with European Commission transport commissioner and commission VP Antonio Tajani in July to emphasise the depth of the crisis facing European air transport. The Association of European Airlines (AEA) chairman for 2009, Ivan Misetic of Croatia Airlines, was accompanied by Jean-Cyril Spinetta of Air France/ KLM, Willie Walsh of British Airways, Wolfgang Mayrhuber of Lufthansa and Steve Ridgway of Virgin … [Read more...] about EUROPE & CIS: Euro airline chiefs appeal to EC
Hainan Air to get $440 million bailout
Hainan Airlines is set to get a capital injection of US$440 million from its parent company and the Hainan provincial government by selling them new shares, according to Dow Jones. Hainan Airlines' debt-to-asset ratio will fall to around 81 per cent after the injection, an un-named source was quoted as saying. The carrier had a debt-to-asset ratio of 87 per cent at the end of March. The airline joins other Chinese carriers, including China Eastern Airlines, China Southern Airlines and Shanghai … [Read more...] about Hainan Air to get $440 million bailout
