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Philippine Airlines hires Morgan Stanley to help find investors

  Manila / Bloomberg Philippine Airlines Inc. hired Morgan Stanley to help look for an investor as it seeks to become a five-star carrier, President Jaime Bautista said. The airline, wholly owned by billionaire Lucio Tan, plans to find a “specific equity investor” as early as next year, Bautista told reporters in Manila. “There are on-going talks with possible investors,” ...

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United Airlines flight-attendant top pay to rise as much as 31%

  Washington / Bloomberg Top pay rates for United Airlines flight attendants would rise as much as 31 percent, a union spokeswoman said, under a proposal to bring the 25,000 members under a single labour contract for the first time. The maximum pay for veterans with at least 13 years of experience would be set at $62 an hour, the ...

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Shrinking pool of future pilots keeps major airlines on edge

  New York / Bloomberg After coping with terrorism, bankruptcies and consolidation, the largest US airlines are facing a new problem: They may start running out of pilots in as soon as three years. That looming pilot deficit will soar to 15,000 by 2026, according to a study by the University of North Dakota’s Aviation Department, as more captains reach ...

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