Saturday , August 18 2018

Aviation

Cathay plans job cuts overseas amid competition from China

Bloomberg Cathay Pacific Airways Ltd. offered a voluntary early retirement package to employees in Japan as part of a three-year restructuring effort to revive earnings growth. Cathay is undergoing a “comprehensive review” of regional organisation including Northeast Asia, which consists of Japan, Taiwan and Korea, the airline’s Japan office said ...

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American Airlines relents on allowing carry-on bag with discount airfare

Bloomberg American Airlines Group Inc. is ending the carry-on bag fee for customers of its “basic economy” discount fare, caving in to pressure from competitors’ more generous policies. The change, which applies to domestic and short-haul international flights, takes effect from September 5, Fort Worth, Texas-based American said as it ...

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Air Canada warns of ‘short fuse’ on Aimia rewards plan offer

Bloomberg Air Canada’s top executive turned up the heat on Aimia Inc. to accept its buyout offer for a Canadian frequent-flyer programme, warning that $1.5 billion in unpaid rewards liability would scare off any other suitors. The airline’s chief executive officer, Calin Rovinescu, said he’ll immediately restart talks with credit-card ...

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