iscover
Late February saw the last American Airlines service to Australia, the airline because of low profitability, a result of deep discounting despite high load factors. Americans always said that they would withdraw from the route if it proved to be unprofitable.
Newsdesk – Commercial Aviation
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Bae Cuts Jobs, Reorganises:
Following cuts of 10,000 jobs in 1991, British Aerospace is about to make a further 2,350 workers redundant.
Of those, 900 will go from the company’s regional aircraft operation and 1,450 from its defence division. A further 350 jobs were recently cut from BAe’s guided missile operation. The western world may have “won the Cold War” (President Bush’s words) but its defence industries are certainly now losing due to massive reductions in armaments and defence spending everywhere. On the civil side, the worldwide recession is also taking a heavy toll.
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