Two of Australia’s most prominent businessmen on Thursday put together a A$3.6bn deal to rescue Ansett, the country’s second largest airline, in a lift to the government ahead of Saturday’s closely-fought federal election.
Read MoreThe plan to revive parts of the bankrupt state-controlled Belgian airline Sabena was running into difficulties on Thursday, as companies that were asked to support a new group complained the government had been premature in announcing private-sector support.
Read MoreSwitzerland’s Post Office said it will offer an internet-based payment service starting in February 2002. The ‘Yellowbill’ service will allow customers with Post Office accounts to make and receive payments through a secure internet connection. According to the Post Office, companies generating large volumes of invoices have expressed interest in using the service. Zuercher Kantonalbank has already signed a letter of intent to use ‘Yellowbill,’ it said.
Read MoreThe European Commission has given the French government two months in which to set up an independent regulatory body to ensure that fair trading reigns in the French postal services market.
Read MoreOsterreichische Post AG, the Austrian post office, is reported by well-informed circles to be seeking a possible successor to the company’s current head, Anton Wais, although sources in OIAG, the state enterprise holding which owns the company, and in Osterreichische Post itself, deny the rumour. Business consultancy Egon Zehnder, said to be involved in seeking new Post management, neither denies nor confirms the report.
Read MoreDHL Worldwide Express, the leading air express company of the country has launched three sales campaigns from November 1, 2001. The campaign involves DHL’s two premium services: Fashion 1st and Import Express; and cash shipments sent through DHL. Throughout the campaign period the users of these services would find exciting surprises awaiting them. The campaigns are designed to raise customer awareness of the various latest service offerings of DHL.
Fashion 1st is a unique service of DHL Worldwide Express tailor made for garments sector. The service offers customized packaging solutions for the garments exporters and importers. Some salient features of the service include garment-on-hanger facility for samples requiring photography; a documentation pouch for customs related papers and exclusively designed boxes that can withstand up to 300 kgf of pressure. DHL’s bonded facility and clearance-on-air technology ensures that each fashion shipment reaches its destination safe and secure.
Read MoreGrim new revenue projections could lead the U.S. Postal Service to ask Congress for more than $5 billion this week to offset higher security costs and lower revenues due to the anthrax scare and terrorism. The $5 billion figure, more than twice the amount estimated last week, is based on reports by postal officials to their board of governors on Tuesday. The postal service may have lost as much as $800 million between Sept. 8 and Nov. 2, due to a sharp drop in mail volume, said Richard Strasser, the Postal Service’s chief financial officer. On Thursday, Postmaster General John E. Potter is expected to ask a Senate Appropriations subcommittee for a one-time outlay to cover the crisis. Robert E. McLean, executive director of the Mailers Council, an Arlington, Va.-based group of corporate and non-profit bulk mailers, said Potter may seek as much as $6 billion to $8 billion. If Congress doesn’t provide the funding, Potter has said the Postal Service might need a rate increase to cover the additional costs.
Read MoreSabena, the Belgian state-controlled airline, was formally declared bankrupt on Wednesday, but not before the country’s government announced that it had raised E200m ($180m) to save up to half of Sabena’s jobs.
The government said 12 private sector groups would put E155m into a new company built around Sabena’s regional subsidiary DAT, along with E45m from state-controlled investment funds.
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