The board of Irish airline Aer Lingus has urged shareholders to ignore the latest takeover bid mounted by low-cost rival Ryanair. Under Irish law, the board of the former government-owned flag carrier had until the end of July to respond to Ryanair’s July 17 bid to buy remaining stock at €1.30 ($1.60) per share, valuing the company at €694 million ($833 million).
AIN Air Transport Perspective » July 23, 2012
The final report on the crash of Air France Flight 447 is giving ergonomics specialists food for thought. One area of particular focus has been the stall warning, which the report says the crew ignored.
Development of the Airbus A350XWB could lag by another month amid questions about problems with a machine in Broughton, UK, used to drill holes in the airplane’s composite wings.
Conditional labor contracts offered to employees of bankrupt American Airlines by its would-be merger partner, US Airways, provide for only marginal improvements over offers they have received through the bankruptcy process, according to US Airways chairman and CEO Doug Parker.
Unionized pilots with United Airlines and the former Continental Airlines voted overwhelmingly on July 17 to authorize a possible strike, remaining, in the words of the Air Line Pilots Association (ALPA), “wholly dissatisfied” with the pace of contract negotiations since the two airlines agreed to merge in May 2010.