By the time American Eagle president Dan Garton spoke with AIN in late March, he had just presented his labor groups with a restructuring plan that called for a 5-percent reduction in the number of employees to achieve the cost savings the company would need to emerge from Chapter 11 bankruptcy.
Aviation International News » May 2012
As of April 16, Hawker Beechcraft had not released its 2011 financial report, but the obligatory 10-K form filed with the Securities and Exchange Commission paints a picture of a difficult road ahead for the company.
In a statement issued April 13 announcing the filing, CEO Steve Miller said the document reflects “the combined effect of the prolonged weakness in our market that has continued to affect our business and the heavy debt burden the company has operated under since 2007.”
Although the FAA has begun hiring and training more than 12,000 air traffic controllers to offset the large numbers of impending retirees, a disturbing number of new hires fail to complete their training, according to a January report from the DOT Office of the Inspector General (OIG).
- Page 7