Saturday, 18 November, 2017

Air Berlin sees flight operations stabilizing on Thursday: staff memo

Air Berlin cancels dozens of flights after filing for sick many pilots Pilot action forces Air Berlin cancellations
Saul Franklin | 14 September, 2017, 00:56

Last month, Air Berlin, the Germany's second-largest airline filed for bankruptcy protection shortly after its principal shareholder Etihad Airways announced the withdrawal of funding for the carrier.

"I think Air Berlin is in a decidedly hard situation at the moment and the pilots, with their behaviour, are putting at risk a reasonable handover or sale".

The airline's chief executive, Thomas Winkelmann, accused pilots of "playing with fire" as the cancelled flights would cost the company several million euros, making it less attractive to potential buyers.

Because the carrier no longer offers compensation for cancelled flights, customer advice centres recommended that people affected by the strike book replacements at their own expense.

Duesseldorf and Berlin-Tegel airports were worst hit by the cancellations, she said, advising affected passengers "not to come to the airport".

The German government has provided the insolvent company with a credit facility of 150 million euros (179.8 million US dollars) to ensure continuity of operations until a buyer is found.

Benchmark Holdings PLC's (BMK) "Under Review" Rating Reiterated at Numis Securities Ltd
In related news, insider Nazneen Rahman acquired 39 shares of the firm's stock in a transaction on Thursday, July 27th. Finally, Peel Hunt reissued a "buy" rating on shares of Compass Group plc in a research note on Tuesday, August 22nd.

Amber Tamblyn, Armie Hammer slam James Woods for age gap double standard
She says she told him she was 16, and he allegedly replied: " Even better ". "It scared me", Hammer said . "The first is illegal". Woods later dropped the suit after receiving a letter signed by the user acknowledging that he didn't know if Woods used cocaine.

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The federation had asked for a 2.8% increase to basic pay, while the Prison Officers Association had called for a 5% increase. Last month, Scottish First Minister Nicola Sturgeon announced the 1% cap would be scrapped from next year.

"A stable operation is an essential precondition for successful negotiations", Mr Winkelmann said.

The airline had for years struggled for survival, and booked losses amounting to 1.2 billion euros (USD1.4 billion) over the past two years. At least 32 were canceled Wednesday, though Air Berlin said more pilots were returning.

Christine Behle, the federal president of the United Service Union, Verdi, claimed talks about a sale of Air Berlin had not focused on the 8,000 employees and that workers were "increasingly perceived as part of a game of purely economic and political interests".

"The fear and anger among Air Berlin staff is escalating because the future of whole families are at stake".

The airline has experienced financial difficulties for years, and it's only operating by a Government loan.

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