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News aggregatorUAL CEO Paid $39.7M in 2006 (AP)The chairman, chief executive and president of UAL Corp., parent of United Airlines, received compensation worth $39.7 million in 2006, the company's first year as a standalone company after emerging from three years of bankruptcy protection.
Northwest Airlines Withdraws $129 Million Claim for Salaried Employees (Business Wire)EAGAN, Minn.----Northwest Airlines Corporation announced today that it has withdrawn a $129 million salaried employee unsecured claim from its Plan of Reorganization.
Equity Groups Finalize Raytheon Aircraft PurchaseRaytheon has completed the sale of its general aviation unit to Hawker Beechcraft Inc., a new company formed by Canadian buyout firm Onex Corp. and Goldman Sachs affiliate GS Capital Partners.
Northwest reorganization plans approved to exit bankruptcy (at CNNMoney.com)A federal judge requires the No. 5 U.S. airline to provide information on equity compensation, revisions.
Northwest Can Begin Plan Vote Process (AP)Northwest Airlines can begin seeking creditor approval of a plan to exit bankruptcy that values the company at an estimated $7 billion, a judge ruled Monday.
Airline Stocks: JetBlue upgraded; sector weakens as oil closes in on $63 a barrel (at MarketWatch)JetBlue Airways Corp. gained on an upgrade Monday, though most shares in the airline sector sagged under the weight of rising fuel costs as crude-oil futures closed in on $63 a barrel.
Delta Air Lines to Host Investor Day Conference in Atlanta, Georgia Via Webcast On March 27, 2007 (PrimeNewswire)ADVISORY, March 26, 2007 --
Wall Street drops on housing data, higher oil (Reuters)Stocks slid on Monday, putting the Dow industrials on course to snap a five-day string of gains, as weaker-than-expected new-home sales data and higher crude oil prices fanned worries about economic growth and profits.
Savings in Bloom - Spring Into the Season With a Fare Sale on United Airlines (PR Newswire)United is celebrating spring by offering customers special low-fare tickets today for travel to many favorite worldwide destinations.
Merrill Lynch Sees Gold Mine In Heathrow SlotsSlot-holding airlines at London Heathrow are sitting on a goldmine thanks to the provisional U.S.-European Union open-skies deal, say Merrill Lynch analysts.
Merrill Lynch Sees Gold Mine In Heathrow SlotsSlot-holding airlines at London Heathrow are sitting on a goldmine thanks to the provisional U.S.-European Union open-skies deal, say Merrill Lynch analysts.
General Says AF Not ''Collegial'' On UAVs, JCAAn Army general says the U.S. Air Force was not being "collegial" in the operation of unmanned aerial vehicles and the development and procurement of the Joint Cargo Aircraft program.
Airline Stocks: JetBlue upgraded; air sector's weaker as oil tops $63 a barrel (at MarketWatch)JetBlue Airways Corp. gained on an upgrade Monday, though most shares in the airline sector sagged in afternoon trading under the weight of rising fuel costs as crude-oil futures topped $63 a barrel.
House Aviation Leaders Call For ''Decent Burial'' Of User Fee ProposalThe Federal Aviation Adminstration's proposal to overhaul the aviation tax structure is unlikely to move forward in the House as the leader of the House Transportation and Infrastructure Committee vowed to give the user fee package a "decent burial."
US Airways Refinances $1.6B in Debt (AP)US Airways Group Inc. on Monday said it completed a $1.6 billion debt refinancing, which the airline expects will improve liquidity over the next seven years.
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