Business News Archive - August 29, 2008

Tributes have been paid to Jim Cameron, chief executive of Air Southwest, who died in hospital in Glasgow on Saturday after a period of illness. Mr Cameron joined Plymouth-based Air Southwest in April 2007 from BA franchise Loganair, where he had been managing director for five years.

By Nick Clark; Sarah Arnott The beleaguered airline industry was rocked by more crises yesterday as the Italian government was forced to change the law to save its national carrier and Aer Lingus reported losses for the first half and predicted worse to come.

Home News IN BRIEF *Hundreds of air passengers are facing chaos after a transatlantic low-fare airline ceased operations after one of its planes was detained by UK authorities.

Tributes have been paid to Jim Cameron, the chief executive of Air Southwest, who died in hospital in Glasgow on Saturday after a long period of illness. Mr Cameron, who was in his early 60s, leaves a wife, Jane, a daughter and two sons.

By Presenna Nambiar MALAYSIA Airports Holdings Bhd registered a 19 per cent increase in second quarter net profit as it made more money from running its airports as well as from non-airport operations. The group also operates oil palm estates and an auction business.

Zoom Airlines, a carrier offering discount flights between Canada and Britain, said Thursday it is filing for bankruptcy. Airline officials announced in the afternoon that all planes were being grounded, the Toronto Star reported.

BUDGET carrier AirAsia Bhd says it has settled the amount owed Malaysia Airports Holdings Bhd (MAHB) for its operation at the Low- Cost Carrier Terminal (LCCT) in Sepang. "We have reached an amicable resolution with MAHB.

By The Associated Press CHICAGO (AP) - When a computer system that distributes flight plans nationwide came rolling to a halt this week because of a software glitch, so did airplanes on tarmacs from Orlando to Chicago.

By Ambrose Clancy It's been a long flight with delays. You finally land at night and disembark at an unfamiliar airport. Fortunately, you've booked a room at a hotel that's only a five-minute cab ride away. You and your companion claim your bags and go looking for a taxi in the pouring rain.

United Airlines, the world's second-largest carrier, will eliminate 1,550 flight attendant jobs as it shrinks operations to stem losses from record fuel bills. The layoffs cover about 10 percent of Chicago-based United's attendants and take effect Oct.

Word of the Day
  • Growing in low tufty patches.
The word 'cespitose' comes from a Latin word meaning 'turf'.