Article Abstract:
The Argentine and Spanish governments said that they have reached an agreement to rescue Aerolineas Argentinas from bankruptcy. The move gives the carrier some room to maneuver as it attempts to find a long-term financial solution.
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Article Abstract:
British Airways is proposing a series of new plans for reducing its costs and to increase productivity. The carrier has been hit by the drop in its premium passengers.
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Article Abstract:
Thai Airways International is reducing its costs and eliminating some routes as the carrier deals with a major slowdown in the airline industry. Thai Airways may see a decline of 10% in its revenues for the 2001 year.
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