Ceo, Airlines | featured news

A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005.

The subject of CEO compensation looks like it will get time under the microscope in American Airlines' Chapter 11 bankruptcy case. The U.S. trustee overseeing the bankruptcy case of American parent AMR has filed an objection to the $19.8 million severance package that current CEO Tom Horton is set to get when he leaves the company next year, according to Reuters. Also included in the objection are severance and retention payments slated for other company employees.

American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the two airlines, not the other way around.

Michael Conway was the founder and CEO of National Airlines. The mission of the airline was to bring tourists to Las Vegas, to visit their money I suppose. The airline started service in 1999, but was never profitable. In December 2000 it went into Chapter 11.

Rising fuel prices have forced Southwest Airlines to raise ticket prices, but the Dallas-based carrier is also focusing on efficiency measures to lower its fuel consumption, president and CEO Gary Kelly said Monday.

Indian airline Jet Airways said Chief Executive Wolfgang Prock-Schauer will step down on Oct. 15. Senior Vice President Nikos Kardassis will take over as the acting head.

The global aviation industry has agreed to cut its net carbon emissions to half 2005 levels by 2050 under a plan to be set out on Tuesday by British Airways chief, Willie Walsh.

There should be no assumed link between on-board speed sensors and the crash of Air France Flight 447 into the Atlantic Ocean last week, the airline's chief executive said Thursday.