NEWSAir France KLM eyes full Alitalia acquisition in 2013

Air France KLM (AF KLM) is aiming to buy Alitalia (AZ) in 2013 through a share swap, La Tribune reported. However, using shares instead of cash to finance the acquisition will require a rebound of its share price, which is trading at around €4 ($5.27), and a swift execution of its three-year “transformation plan” to bring the company back to profitability.
LinkAir France-KLM Swings To Full-Year Loss
Air France-KLM swung to a full-year loss, scrapped its dividend for 2011 and opted not to give a profit forecast for this year because of uncertainty over the high cost of fuel.
LinkFAA proposes Colgan Air fine for crew rest duty violations
The FAA is seeking a civil penalty of $153,000 alleging that Colgan Air operated 17 flights without giving pilots or flight attendants the required minimum amount of rest. The US regional carrier is seeking to have the fines reduced or eliminated.
LinkAMR warns not much time is left for new labor contracts
AMR Corp., the parent company of American Airlines, may seek court intervention in crafting labor contracts with its unions. "Every day that passes without new agreements introduces more risk to our situation," said AMR in a notice to employees. Separately, a bankruptcy judge denied a motion by American Airlines pilots to form their own committee to represent them in AMR's bankruptcy proceedings.
LinkVirgin America to apply for beyond-perimeter slots at DCA
Virgin America will apply to the US Department of Transportation (DOT) for the authority to fly from its San Francisco base to Washington National Airport in the third quarter.
The airline is proposing to fly two daily roundtrip flights on the route using its 119-seat Airbus A319 aircraft.
The proposed flights would complement Virgin's existing service to Washington-Dulles, which the carrier launched in 2007. The carrier currently operates four daily flights between Dulles and San Francisco, along with twice-daily Los Angeles service.
LinkSpirit is unconcerned about other low-cost carriers in Denver
Spirit Airlines is not concerned about competition from other low-cost carriers when entering new markets, as long as it can offer fares 25% lower than the competition, it says. Florida-based Spirit plans to launch service to and from Denver on May 3. "We're not there to steal anybody's share, but just to grow the market and take up the growth," said Spirit Chief Marketing Officer Barry Biffle.
LinkFrontier Airlines CEO has plenty to tackle
David Siegel, the new CEO of Frontier Airlines, has a lengthy list of items to prepare the carrier for success. "[W]e need to figure out how we can treat our best customer even better and give our price-sensitive customers options that they can choose from," he said. Siegel is also meeting with Colo. Gov. John Hickenlooper and Denver Mayor Michael Hancock this week to discuss tax incentives for the Denver-based carrier.
LinkEU investigates SkyTeam alliance over possible antitrust violations
The European Union is looking into a trans-Atlantic airline partnership between Air France-KLM, Alitalia and Delta Air Lines. Regulators are investigating whether the SkyTeam alliance formed in 2009 and 2010 violates antitrust laws.
LinkLufthansa Posts Surprise 2011 Loss On bmi

Lufthansa posted a net loss of EUR€13 million (USD$17.05 million) in 2011, after taking a larger-than-expected charge on the sale of its UK unit bmi.
LinkAMR Offers To Freeze, Not Terminate, Pensions
AMR, the bankrupt parent of American Airlines, on Wednesday proposed a plan to freeze pensions covering many of its workers, retreating from an earlier proposal to terminate them and leave them to government insurers, which could result in lower payouts.
LinkAir Canada Braces For March Break Strike
Air Canada braced for the possibility of a strike during next week's busy March Break travel period as the government indicated it may stop or limit any action if necessary.
LinkIATA Suspends Kingfisher Airlines
The International Air Transport Association (IATA) has suspended India's Kingfisher Airlines from its account settlement system due to non-payment of fees, dealing a fresh blow to the carrier as it seeks funds to stay aloft.
LinkAir France Suspends All Flights To Damascus
Air France said on Wednesday it was suspending all its flights to Damascus due to the worsening security situation in Syria.
LinkSaudi Airlines Cargo adds Asian flights
Saudi Airlines Cargo is expanding its Asian services with new freighter flights out of Vietnam and China.
The carrier will launch twice-weekly Boeing 747-400 freighter service from Saigon, Vietnam March 25.
LinkLoose wire caused Afghanistan Global Hawk crashIn-flight electrical failure caused a Northrop Grumman EQ-4 to crash in Afghanistan on 20 August, says a newly-released accident investigation report. The aircraft crashed approximately 195km (120 miles) northwest of Kandahar.
Specifically, an electrical connector to an unidentified line replacement unit partially separated. This caused electrical damage inside the LRU, which cut power to the actuators that controlled ailerons and spoilers. Within 1min of the power failure, the aircraft lost control after hitting minor turbulence.
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