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November 14, 2004

FAA Honored For Excellence In Strategic Planning

The Federal Aviation Administration has been given an award that recognizes it as an organization “at the leading edge of strategic practice” by the Association for Strategic Planning, a California-based professional association dedicated to advancing strategic thought, development and practice.

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Aero News Quote of the Day (11.14.04)

"Our financial partners have made it very clear that we cannot expect their support and continued participation in our restructuring without a competitive cost structure, and competitive labor, pension and benefit costs are critical components of the cost structure at every successful airline. Our negotiating position is that we are seeking costs that are consistent with those at low-cost carriers that have now become the defining force in the marketplace." Source: US Airways President and Chief Executive Officer Bruce R. Lakefield, commenting on the company's bankruptcy court filing, requesting permission to reject labor agreements, reduce retiree benefits, and terminate defined benefit retirement plans as measures to reduce costs prior to an exp

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