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Iberia discusses an emergency cut plan

Madrid, Spain - Today the Board of the airline

Following the loss of 100 million in the first quarter 2009, today the Iberia Board of Directors will discuss the approval of a cut plan about personnel, the fleet reduction and a lower offer capability. This emergency plan, carried out along McKinsey advisor, will be presented to Unions in the next week. In details: a 4% capability reduction, a cut of five airplanes taken in wet lease with Gestair;...

AVIONEWS - World Aeronautical Press Agency - 1103391

AVIONEWS - World Aeronautical Press Agency
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