Karen's Feed
Dec 11, 2012

Delta buys 49 percent Virgin Atlantic stake for $360 million

LONDON/ATLANTA (Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) is buying Singapore Airlines’ (SIAL.SI: Quote, Profile, Research, Stock Buzz) 49 percent stake in Virgin Atlantic VA.UL for $360 million and has agreed to a transatlantic joint venture with the British carrier, expanding its access to London’s capacity-constrained Heathrow airport.

Under the joint venture announced on Tuesday, Delta and Virgin would share costs and revenues on routes between Britain and North America.

Dec 11, 2012

Delta buys 49 pct Virgin Atlantic stake for $360 mln

LONDON/ATLANTA (Reuters) – Delta Air Lines is buying Singapore Airlines’ 49 percent stake in Virgin Atlantic for $360 million and has agreed to a transatlantic joint venture with the British carrier, expanding its access to London’s capacity-constrained Heathrow airport.

Under the joint venture announced on Tuesday, Delta and Virgin would share costs and revenues on routes between Britain and North America.

Dec 6, 2012

Bombardier’s Delta, China deals give it edge on Embraer

By Brad Haynes and Karen Jacobs

(Reuters) – Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) won up to $3.6 billion in regional jet orders from Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) and an undisclosed Chinese client on Thursday, recovering momentum in a segment that had slipped to Brazilian rival Embraer (EMBR3.SA: Quote, Profile, Research, Stock Buzz).

Delta said it would buy 40 Bombardier CRJ900 regional jets, with the option to buy an additional 30 planes, in a deal worth up to $3.29 billion. Later on Thursday, Bombardier said a Chinese customer had ordered seven CRJ700 jets in a $330 million deal.

Dec 6, 2012

Boeing 787 suffers two bruising days of problems

Dec 5 (Reuters) – Airlines flying Boeing Co’s new 787
Dreamliners need to take extra steps to ensure the planes don’t
have engine failures or fires because of a manufacturing fault
in the fuel line, a U.S. regulator said Wednesday.

Improperly assembled parts in Boeing’s newest jet could
cause the planes to run out of fuel, experience “engine power
loss or shutdown, or leaks on hot engine parts that could lead
to a fire,” the U.S. Federal Aviation Administration said in
issuing a formal rule requiring U.S. carriers to inspect the
fuel systems.

Dec 4, 2012

American Air passenger service agents vote on unionizing

By Karen Jacobs

(Reuters) – American Airlines passenger service agents, the only major employee group at the carrier not unionized, began voting Tuesday on whether to be represented by the Communications Workers of America (CWA) union.

About 9,700 airport agents and reservations representatives are eligible to cast ballots in a vote being conducted by the National Mediation Board (NMB), said Chuck Porcari, a CWA spokesman. Voting ends January 15.

Nov 29, 2012

Analysis: U.S. pilots vote on deals, other staff agitate

By Karen Jacobs

(Reuters) – Pilots at United Airlines (UAL.N: Quote, Profile, Research, Stock Buzz) and American Airlines are due to vote in coming weeks on new labor contracts that in some cases offer the first significant raises in almost a decade.

The pay gains reflect better financial times at airlines, and partially offset years of concessions the pilots made as airlines went through bankruptcies and endured huge losses.

Nov 29, 2012

US pilots vote on deals, other staff agitate

Nov 28 (Reuters) – Pilots at United Airlines and
American Airlines are due to vote in coming weeks on new labor
contracts that in some cases offer the first significant raises
in almost a decade.

The pay gains reflect better financial times at airlines,
and partially offset years of concessions the pilots made as
airlines went through bankruptcies and endured huge losses.

Nov 28, 2012

US pilots vote on deals, other airline staff agitate

By Karen Jacobs

(Reuters) – Pilots at United Airlines and American Airlines are due to vote in coming weeks on new labour contracts that in some cases offer the first significant raises in almost a decade.

The pay gains reflect better financial times at airlines, and partially offset years of concessions the pilots made as airlines went through bankruptcies and endured huge losses.

Nov 28, 2012

Analysis: U.S. pilots vote on deals, other airline staff agitate

By Karen Jacobs

(Reuters) – Pilots at United Airlines and American Airlines are due to vote in coming weeks on new labor contracts that in some cases offer the first significant raises in almost a decade.

The pay gains reflect better financial times at airlines, and partially offset years of concessions the pilots made as airlines went through bankruptcies and endured huge losses.

Nov 15, 2012

Housing not yet out of the woods: Bernanke

ATLANTA (Reuters) – The improving housing market is “far from being out of the woods,” Federal Reserve Chairman Ben Bernanke said on Thursday, arguing that overly tight lending standards are part of the problem.

The Fed, which has focused on mortgage bonds in its latest round of asset purchases, will continue to do what it can to support the housing market, Bernanke said in a speech that avoided policy specifics.