Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

Delta Airlines: shares in exchange for remuneration cuts

New York, USA - It would be the latest carrier board's proposal to its own employees in order to avoid the bankruptcy

Delta Airlines is trying to avoid the risk of bankruptcy in several manners and it would have decided to suggest to its own employees, in particular to pilots, a special solution, mainly aimed to encourage cost containment. Delta's board would have put forward a hypothesis for cutting salaries, for some USD 1bn per year, but counterbalanced by the transfer of company's shares to personnel. The airline...

AVIONEWS - World Aeronautical Press Agency - 101903
Rome, Italy, 08/18/2004 17:54
AVIONEWS - World Aeronautical Press Agency

Similar

AirlinesSpirit Airlines appoints Davis as President and CEO

And new team members

Spirit Aviation Holdings, Inc., parent company of Spirit Airlines, LLC, announced yesterday that its Board of Directors has appointed Dave Davis as President and Chief Executive Officer and a member of... more

AirlinesBelgium, Easter chaos at Charleroi airport: Ryanair calls for military intervention

Low-cost airline appeals to Wallonia Government to "avoid collapse"

Thousands of passengers stranded and flight connections at risk in the midst of the holidays due to "serious shortage of security personnel" more

AirlinesAzorra delivers Mongolia’s E-195E2 aircraft to Hunnu Air

The first of two new airplanes

Azorra has delivered the first of two new E-195E2 aircraft to Hunnu Air, marking a new partnership for the lessor and the first E2 to operate in Mongolia.The E-195E2 delivered from Azorra’s firm orderbook w... more