Athens - Hundreds of workers with Greek state carrier Olympic Airlines blocked the main runway at Athens International Airport Tuesday over plans to privatise the airline.
The demonstrators, including pilots, air stewards and technicians, prevented planes from taking off and landing on the runway.
Airport officials said the protest forced air traffic controllers to divert planes to a second runway. The demonstration did not affect any flights, they added.
Tuesday's airport protest was the second in one week.
The European Commission last week approved a government plan to privatise the airline while ordering the current company to pay back more than 1 billion dollars in illegal state aid.
Air India has signed a financial pact worth $550 million with the Export-Import Bank of US (Exim Bank). The company would use the amount to purchase eight new aircraft. The pact was signed between the chairmen of Exim Bank and Chairman and Managing Director of National Aviation Company of India Limited (NACIL), Raghu Menon.
Air India would buy three 777 aircraft and five 737-780 aircraft and the guarantee for the amount would be provided by the bank to Standard Chartered Bank.
Vijay Mallya-promoted Kingfisher Airlines is all set to cut 300 jobs. It would also return additional aircrafts to reduce the expenses. The move by the company indicates the turmoil in the aviation sector.
It is recalled that Kingfisher Airlines has started its international operations in last fortnight. The move is part of the cost savings and restructuring plans of the company. The carrier has already returned two redundant aircrafts. The company has total of 86 aircrafts at present.
Country’s national carrier Air India has signed a financing arrangement worth $550 million with the US Exim Bank, to finance the purchase of three Boeing 777 and five Boeing 737-800 aircrafts.
Under the deal, the bank would give guarantee for the amount, which would be provided by Standard Chartered Bank to the national carrier to buy aircrafts.
Palma de Majorca, Spain - The Spanish civil aviation authorities have suspended the operating licence of Futura International Airways after it sought bankruptcy protection, the charter carrier said Monday.
The licence could, however, be reactivated if Futura found an investor to finance its savings plan before 2009, the airline quoted the aviation authorities as saying.
Futura chairman Roman Pane earlier said the airline would reduce its staff of nearly 1,200 by half and trim its high-season fleet from 22 to about 12 aircraft.
London - British Airways has "indefinite
of US (Exim Bank). The company would use the amount to purchase eight new aircraft. The pact was signed between the chairmen of Exim Bank and Chairman and Managing Director of National Aviation Company of India Limited (NACIL), Raghu Menon.
return additional aircrafts to reduce the expenses. The move by the company indicates the turmoil in the aviation sector.
Country’s national carrier Air India has signed a financing arrangement worth $550 million with the US Exim Bank, to finance the purchase of three Boeing 777 and five Boeing 737-800 aircrafts.
Palma de Majorca, Spain - The Spanish civil aviation authorities have suspended the operating licence of Futura International Airways after it sought bankruptcy protection, the charter carrier said Monday.
