1.
Companies team for technologies
HOUSTON, Dec. 28 (UPI) -- Houston-based Continental Airlines, the world's sixth-largest airline, said Wednesday it would cut by 25 percent the capacity of its regional jet service.
The airline said it planned to begin by January 2007 withdrawing 69 of
274 regional jet aircraft from its capacity purchase agreement with ExpressJet
Holdings Inc. and ExpressJet Airlines Inc.
Continental said ExpressJet, currently the exclusive operator of regional jet services for Continental Airlines, was charging rates that "are above the current market."
Continental will request proposals from numerous regional jet operators to provide regional jet service to replace the withdrawn capacity.
"We didn't want to take this action, but we were not able to reach an agreement with ExpressJet to lower our cost," said a Continental spokesman.
"Continental will continue to take the difficult actions necessary to remain competitive and protect the jobs and retirement security of our 42,000 employees."
|
|
|
|
|
|
| Additional Business News Stories | |
THE HAGUE, Netherlands, May 23 (UPI) --
Plans by Shell to expand operations in oil fields in the Canadian province of Alberta are threatening the environment, a tribal group said.
|
ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
