Category: Air Travel | Page 170 | GTP Headlines

Delta Air Lines Heads for Bankruptcy Protection

Shares of Delta Air Lines Inc. tumbled for a time last month after the nation's third-largest carrier warned it will record a substantial loss for the rest of the year and will need to file for bankruptcy if its cash reserves fall too low, or lenders seek immediate payment of its...

Posted On 01 Jun 2005

, By GTP editing team

New Airline Reservation System Offers Airlines an Ownership Stake

A new global distribution system of sorts has emerged and travel agents are worried that it might be taken over by airlines. G2 SwitchWorks Corp., which has developed a reservation and management system and serves as a middleman between airlines and ticket sellers, announced last...

Posted On 01 Jun 2005

, By GTP editing team

Sabre Purchases Lastminute.com

Sabre Inc. reached an agreement last month to acquire lastminute.com for an estimated $1.1 billion. Sabre said the addition of lastminute.com, with its well-established consumer brands, is expected to provide Sabre's Travelocity unit with greater scale and the leading position in...

Posted On 01 Jun 2005

, By GTP editing team

Qatar Airways Begins Direct Athens-Doha Flights

Qatar Airways Begins Direct Athens-Doha Flights

Qatar Airways, one of the world's fastest growing airlines, announced last month that it would begin operating direct flights between Athens and Doha as of June 15. The airline plans six weekly flights, each with a duration of four hours.

Posted On 01 Jun 2005

, By GTP editing team

Olympic Airlines’ Bids at 30 Million Euros

From the five bids government has received in an international sale tender for a majority stake in national carrier Olympic Airlines, it appears that government coffers will be lucky to get a cash settlement of about 30 million euros.

Posted On 01 Jun 2005

, By GTP editing team

Five Bids for Olympic

The government has received five bids in an international sale tender for a majority stake in national carrier Olympic Airlines, according to a government announcement last month. The binding offers accompanied by letters of guarantee were from all groups that expressed interest...

Posted On 01 May 2005

, By GTP editing team

Lufthansa

Lufthansa Buys Out Swiss

The supervisory board of Deutsche Lufthansa AG and the board of directors of Swiss International Air Lines AG late last month approved the business model jointly developed by both companies for the takeover and integration of Swiss into the Lufthansa Group.

Posted On 01 Apr 2005

, By GTP editing team

Hellas Jet Continues Search for Buyer

Hellas Jet, a creation of Cyprus Airways, continues its search for a buyer after Dutch and British buyers backed out of a possible purchase agreement. Press reports say the airline will be forced to shut down.

Posted On 01 Apr 2005

, By GTP editing team

Lufthansa and Aegean Sign Cooperation Agreement

With the beginning of the winter schedule on October 30, Athens-based Aegean Airlines becomes a partner with Germany's Lufthansa. The airlines will offer code-sharing within their networks whereby flights of both airlines can then be combined and booked via worldwide reservation...

Posted On 01 Apr 2005

, By GTP editing team

Amadeus Signs Up Romanian Carrier TAROM

Amadeus, the travel industry technology provider and leading Global Distribution System (GDS), announced that TAROM, Romania's national airline, has successfully moved its sales and reservations to Amadeus Altea Sell.

Posted On 01 Apr 2005

, By GTP editing team

New Airline Compensation for Passengers

New rules on an airline's obligations to passengers came into effect last month. The rules change the amounts given in compensation, and redefine the circumstances where compensation must be provided.

Posted On 01 Mar 2005

, By GTP editing team

World's First Double-deck Passenger Aircraft Unveiled

World’s First Double-deck Passenger Aircraft Unveiled

The world last month took its first official look at the biggest airliner yet built during a spectacular ceremony attended by the leaders of four countries, the heads of 14 airlines and operators - Airbus A380 customers - shareholders and thousands of invited onlookers.

Posted On 01 Feb 2005

, By GTP editing team

Regional authorities made a joint appeal for a reduction in usage charges at Athens international airport.

Regional Authorities Now Urge for Lower Athens Airport Fees

The municipal authorities of the Saronic Gulf tourist islands of Aegina, Poros, Hydra and Spetses last month made a joint appeal for a reduction in usage charges at Athens international airport, Eleftherios Venizelos, which they said would encourage more charter flights to the...

Posted On 01 Feb 2005

, By GTP editing team

New Scheduled Flights for Helios Airways

Helios Airways announced recently that it would add two new flights from Heathrow to Larnaca this summer, taking direct service to Cyprus from 5 to 7 times a week.

Posted On 01 Feb 2005

, By GTP editing team

No Commissions From BA for UK Agents

British Airways last month delivered a two-punch strike to the British travel agent community. Not only does the airline plan to cease paying agent commissions, it also will block IATA agents doing less than £50,000 of business over a 12-month period, a move that will affect an...

Posted On 01 Feb 2005

, By GTP editing team

Vassilis Dallaris, British Airways' manager for the eastern Mediterranean area, with Marios Moisides, the airline's press officer for Greece.

BA Closes Athens Bookings Department

British Airways, in an ongoing attempt to cut costs, will move its bookings department from its Athens office to a call center on Cyprus.

Posted On 01 Jan 2005

, By GTP editing team

Theodoros Vassilakis, Aegean's president and managing director, flew to Vienna to accept the Airline of the Year Award during ERA's recent general assembly held there.

Aegean Airlines Europe’s Best

The European Regions Airline Association voted Aegean Airlines the Airline of the Year for 2004-2005. The 230-member association represents 70 European airline companies active in 250 European airports.

Posted On 01 Nov 2004

, By GTP editing team

Alitalia General Manager for Greece and Cyprus Francesco Scandale.

Alitalia Launches Thessaloniki-Rome Daily Flight

Alitalia last month launched a new direct daily flight from Thessaloniki to Rome. With the addition of the new Thessaloniki-Rome flight, the Italian national carrier now offers daily direct and fast access from Thessaloniki to Rome and Milan.

Posted On 01 Nov 2004

, By GTP editing team

Representatives in Athens of the new nine-member SkyTeam global alliance: Claude Maire, Air France; Francesco Scandale, Alitalia; Boris Kopecny, CSA Czech Airlines; Panagis Vassilatos, KLM and Northwest; Zoe Skreki, Continental and behind her Thanasis Cavdas, Korean Air; Dimitris Karagioules, Delta; and Dinos Frantzeskakis, Aeromexico.

SkyTeam Alliance Welcomes New Members

Airline alliance SkyTeam solidified its position last month as one of the world's fastest growing airline alliances with the acceptance of Continental Airlines, KLM Royal Dutch Airlines and Northwest Airlines as full members. The alliance's governing board also announced that...

Posted On 01 Oct 2004

, By GTP editing team

Francesco Scandale, Alitalia's new general manager for Greece and Cyprus, who replaces Alessandro Amadeo who is now the regional manager for southern Italy, with Alitalia’s sales manager for Greece, Nikos Bolias.

Alitalia Reaches Life-saving Agreements with Unions

After Alitalia managed to reach an agreement late last month with its nine unions, its existence is no longer in question. The unions approved layoffs of one-sixth of the airline's workforce and the breakup of the carrier into two units: a separate company for ground handling and...

Posted On 01 Oct 2004

, By GTP editing team

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