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Article: Aircraft Finance & Leasing News - Europe.
- Article from:
- AirGuide Business
- Article date:
- May 4, 2009
CopyrightCOPYRIGHT 2009 Pyramid Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 3, 2009
Aer Lingus
Aer Lingus admits that it is to review its long-haul aircraft orders as the Irish flag-carrier reshuffles its senior management in order to cope with a severe downturn in its business. The carrier is forecasting full-year losses for 2009 that will be "materially below" the bottom of the range of current expectations. "Ongoing cost reduction is critical for the viability of Aer Lingus in the current difficult market environment," it says, adding that the board is reviewing options to generate a "sustained" reduction in operating costs. Apr 27, 2009
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