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 ...illion debt for an
equity stake in the organisation.
The decision allows MyTravel to
convene a meeting of sharehold
ers and creditors on 13
December to discuss alternative
restructuring plans.
MYAIR FLIES
MyAir, a new Italian low-cost car
rier which started operations
earlier this month, has been set
up by a group of former senior
managers of the defunct Volare
Group. The airline is o...
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 ... prime site
and is the reason that we all sat
down together, but that doesn't
mean that there can't be other sites
in other areas", says Condit.
Two other big aerospace
e-commerce initiatives - MyAir-
craft.com from Honeywell/United
Technologies and SITA/AAR's
aerospan.com - are set for launch
by mid-year.
Honeywell says: "We believe this
new [Boeing, BAE, Lockheed
Martin, Raytheon] ve...
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 ...Frag
mentation of the markets will
deliver limited value," says Simon
Jeacock, vice-president aerospace
and defence at 12 Technologies,
which is establishing the Honey
well/United Technologies' MyAir-
craft.com exchange. "Unless we get
the airlines to play, we don't get any
one for original equipment manu
facturers to sell to," he adds. •
26 FLIGHT INTERNATIONAL 25 April - 1 May 200...
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 ...nable customers to buy
and sell air transport industry
products and services online.
• United Technologies and
Honeywell have linked with elec
tronic commerce specialist i2
Technologies to form MyAir-
craft.com, a venture focusing on
the aerospace aftersales market. It
is expected to be launched during
the second quarter of the year.
• BAE Systems is to use Aspect
Development's eCommerc...
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