Section 1113 Appeals Are Also Settled, Vote Later This
Month
Frontier Airlines and the International Brotherhood of Teamsters
(IBT), Local 961, Thursday entered into a consensual, long-term
labor agreement and a comprehensive settlement of the
Company’s litigation under Section 1113 of the Bankruptcy
Code.
Bombardier reportedly will receive a $173 million (US) loan
from the Canadian government so that it can deliver as many as 8
aircraft to Scandinavian Airlines of Sweden (SAS).
Salaried Employees And Administrative Support Will Be
Targeted
Following a $2.1 billion dollar decline in operating revenue in
the 2nd quarter, Delta Airlines CEO Richard Anderson said more job
cuts are coming among salaried personnel, which could have a large
impact on the company's Atlanta headquarters.
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