Within the meeting, attended by Jacob Isaac, the Handling Director and Chen Chiang, the CFO, a 2nd alternative was presented which entailed a direct shareholder money injection of involving US$100 million to US$150 million (by mid Nov) to stabilize the group, avoid more erosion of assurance and loss of shoppers.The expense of the buyout was so ter
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A recurring concern in Northwest's record was its troubled labor relations. In 1998, Northwest walked faraway from the bargaining table, locked out its pilots (represented with the Air Line Pilots Affiliation, International) and shut down the airline for more than two weeks.The ecosystem chief goes on to convey, “The Petition is highly detrimenta