The impending transformation of Olympic Airlines into a new venture called Olympic Air will spell the end of the Greek flag carrier's long haul routes, including its Athens (ATH)-New York (JFK) service.
American Airlines on Wednesday announced that it will relocate its operations to San Francisco International Airport's (SFO) new Terminal 2 in spring 2011 from its current location in Terminal 3.
Lockheed Martin on Friday announced that around 1,500 employees across its Aeronautics business area will be let go as part of the company's "affordability" plan.
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