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Finnair is letting 620 employees go

Posted by in airlines

A strike broke out at Helsinki Vantaa airport after Finnair announced that they’re going to subcontract the ground support to contractors and give notice to 620 employees. -“By creating solutions based on strategic alliances, we can transform fixed costs to variable costs and focus on Finnair’s core business” says CEO Lars Heinonen. The tasks will move to companies Barona or Suomen Transval. Baggage handling is on temporary agency Barona, which is said to be the main reason for a utmarsch among employees on Monday. The strike continued well into Tuesday…read more

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Stay 3 Nights At Circus Circus Las Vegas Promotion Code

Posted by in deals, hotels

If you are planning to stay 3 or more nights at a hotel in Las Vegas, this promotion code for Circus Circus Las Vegas could be for you. It basically gives you 15% off on the online rates. “Reserve your 3 night reservation and receive an additional 15% off our already discounted online rates. Rates are subject to change, so Book early to ensure the best deal.” Promotion Runs: November 30, 2009 – January 31, 2010 Offer Expires: January 31, 2010 Promo Code: 3night Link: Circus Circus Las Vegas Promotion…read more

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Japan Airlines offered one billion U.S. dollars in order to leave Oneworld

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Skyteam member Delta Airlines offers distressed Japan Airlines one billion U.S. dollars in order to leave the Oneworld airline alliance in favour of Skyteam. Skyteam group wants to save Japan Airlines, if they leave Oneworld and joins Skyteam instead. Delta plans to open routes to Japan and would like to secure cooperation with a Japanese airline. The offer from Skyteam consists of Skyteam buying shares of Japan Airlines for 500 million U.S. dollars and 300 million U.S. dollars would ensure that any losses the airline could make by switching alliances…read more

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Lufthansa Will Have To Wait For Airbus A380

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Airbus‘ new super jumbo is late once again. This time, it is for German airline Lufthansa, which will have to wait for their new aircraft. Just a month ago, the airline hoped to get the 15 ordered aircrafts in March, but the planes are delayed. According to Bloomberg, Airbus have informed Lufthansa the delivery will not happen until the summer. Lufthansa plans to use these planes between Frankfurt and New York. Airbus was supposed to deliver 18 aircraft this year, but will only manage to deliver 13. During the next…read more

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British Airways And Iberia Merge

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The deal is estimated to be worth 7 billion dollars and the airlines hope to finish it before the end of next year. Spanish Iberia and British British Airways has signed a preliminary agreement to merge, Airwise writes. The merger creates the world’s third largest airline in terms of yield. British Airways is to extend their service between the U.S. and Europe with Iberia flights to South America. The transport network is further strengthened by a planned alliance with American Airlines. BA’s shareholders get 55 percent of the new company….read more

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The World’s Best Airlines At World Travel Awards

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It was Etihad Airways from the UAE who won the award for best airline at the World Travel Awards this year. 180,000 people in the travel industry had their say on which players are best in their respective niches. The most prestigious prize in the aviation industry was taken by Etihad Airways, which became the first airline from the Middle East to win the title for best airline in the world. Etihad Airways also managed to take home the prize for best first class offering, making the airline take home…read more

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Disneyland to open in Shanghai, China

Posted by in miscellaneous

Disney gives China a second chance. While the amusement park in Hong Kong has been somewhat of a failure so far, the company believes that a Shanghai Disneyland will be a success. The first information about the U.S. entertainment giant planning another site in China came at the beginning of the year. Since then there has been virtually silent, until now. Authorities in Shanghai have given Disney the green light to start building. The location is the district Pudong where the city’s international airport is located. While the Disneyland in…read more

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Airbus sued for accident in the Atlantic

Posted by in airlines, miscellaneous

Air plane manufacturer Airbus is getting sued in U.S. for the big plane crash off the coast of Brazil last summer. Behind the lawsuit are the relatives of 8 of the 228 who died in the accident. Airbus are the ones that made the Air France plane that should had flown from Rio de Janeiro to Paris on May 31. The summons concerns Airbus, among others. Investigation of the accident is still being done. There are no answers to be had yet.

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Norwegian collects money by issueing new shares

Posted by in airlines

Norwegian, in a effort to collect money, issues new shares to a value of up to 260 million Norwegian crowns. The airline Norwegian will issue up to 1.62 million shares, reports the news agency Direkt according to DI. That represents about 5 percent of outstanding shares, at a value of between about 250 and 260 million Norwegian crowns according to the current exchange rate. Norwegian’s CEO Björn Kos and chairman Björn Kises HBK Investcorp company will offer up to 970 000 shares. Thereby reducing its holding company by 3 percent…read more

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SAS beats expectations for third quarter 2009

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SAS reported a profit, before tax, of half a billion SEK more than analysts’ expectations. During last year’s third quarter SAS reported a profit of 110 million SEK before tax. This year the airline reported a profit before tax of 114 million SEK for the same quarter. That is more than half a billion over the analyst’s expectations. Analysts expected a loss of 403 million SEK before taxes on average. Turnover fell by 16.6 percent and the number of passengers decreased by 14.7 percent. The profit is thus explained by…read more

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