United-Continental merger receives clearance from European Commission
Wed 28th July 2010
United Airlines and Continental Airlines have received unconditional clearance from the European Commission on the airlines’ proposed merger. The Commission noted its investigation found the proposed transaction would not raise any specific concerns in Europe or the transatlantic. “We are pleased to have received this clearance from the European Union, a significant market for our combined new company, and we continue to work co-operatively with the U.S. Department of Justice toward an expeditious completion of our merger, which will benefit our customers, our people, our shareholders and the communities we serve,” said Glenn Tilton, UAL Corporation chairman, president and CEO. The companies announced plans for an all-stock merger of equals in May and expect the transaction to close in the fourth quarter of 2010.Related Articles from News
Green light for transatlantic joint business
Tue 27th July 2010
 British Airways, American Airlines and Iberia have received the regulatory green light to operate a joint business on transatlantic flights. Following European Union approval on July 14, the airlines have now been granted anti-trust immunity from the US Department of Transportation. British Airways chief executive, Willie Walsh, commented, "This final approval is fantastic news for all three airlines and the oneworld
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Lack of progress frustrates IATA
Mon 28th June 2010
 IATA says it's frustrated by the "lack of progress" on key aviation issues during last week's meeting of European Union Transport Ministers. Giovanni Bisignani, the association's director general and CEO, stated: "In April, Europe's over-reaction to the Icelandic volcano cost the European economy EUR 5 billion. This embarrassment of global
proportions was a wake-up call for two key areas. Europe needs to
develop
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AC launches Copenhagen service
Fri 25th June 2010
 Air Canada has introduced non-stop service between Toronto and Copenhagen, marking the fourth new European city its added to its international operations this year. According to Ben Smith, executive vice-president and chief commercial officer for the carrier, "Air Canada is building its Toronto hub and this year we have launched long-haul service to four new, major European destinations. The addition of Copenhagen
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Franklin leaving European Travel Commission
Wed 23rd June 2010
 Rob Franklin, executive director of the Brussels-based European Travel Commission, has announced his departure from the organization, effective June 30. Following six years at the helm of the ETC, his term of office is coming to an end and he has decided to seek other endeavours. "I have had a wonderful time working at the European Travel Commission, but the time has come to move on and seek new challenges,"
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Globus puts Europe on sale, protects agents’ commission
Thu 13th May 2010
 It's a win-win situation. Globus has announced a spring sale saving $150 p.p. off its European tours, as well as a 10% discount off the land portion. And, at the same time, Globus will pay agents the full commission on the brochure price. "This is a wonderful opportunity for agents," says Stéphanie Bishop, managing director of the Globus family of brands in Canada. "Where else can you earn your full commission yet
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Related Articles from Airlines
Merger would create one of the world's largest airlines
Mon 30th August 2010
 South American carriers LAN and TAM say their planned merger will create one of the largest airlines in the world. The new carrier would be called the LATAM Airlines Group. Together, LAN and TAM now serve over 115 destinations in 23 countries. "Based on our three-year history of codeshare partnership and our prior cooperation in procurement and maintenance activities, we are confident that we will be able to successfully
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United, CO sign merger deal
Mon 3rd May 2010
 United Airlines and Continental Airlines are merging. The two carriers have signed a 'definitive' merger agreement that will see the new airline operating to 370 destinations, with the deal providing "a platform for improved profitability and sustainable long-term value for
Shareholders."
UAL's chairman, president and CEO, Glenn Tilton will serve as non-executive chairman of the combined company's Board of
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IATA: Carriers hit hard by shutdown
Wed 21st April 2010
 IATA is estimating that the cost to airlines as a result of the shutdown of airspace over Europe due to the eruption of the Icelandic volcano will be over $1.7 billion in lost revenues. Giovanni Bisignani, director general and CEO for IATA, said: "Lost revenues now total more than $1.7 billion for airlines alone. At the worst, the crisis impacted 29% of global aviation and affected 1.2 million passengers a day. The
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Porter files preliminary prospectus
Mon 19th April 2010
 Porter Aviation Holdings Inc. has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with a proposed initial public offering of its shares. No existing Porter shareholders will sell shares in the initial public offering. The underwriting syndicate is led by RBC Capital Markets Inc. and also includes National Bank Financial Inc.,
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BA aims for Tuesday service resumption
Mon 19th April 2010
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British Airways says it's aiming to resume some of its flights into and out of London's airports beginning at 7 p.m. on Tuesday, April 20 following the proposed reopening of UK and European airspace by the aviation authorities. The carrier says it's working on detailed plans to help as many of its customers as possible who have been unable to fly due to the unprecedented circumstances that have faced all airlines operating
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