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09/09/2010  
 Headlines: Senate told Seven airports shut in country,     ISB: The Senate was informed Friday that seven airports in different cities have been closed due to suspension of PIA flights.     The PIA suspended the flights due to a daily loss of Rs19 million during last year.     Suprem Court orders arrest of Gilani’s ex-PRO,     ISB: SC has asked the FIA to arrest former media coordinator of the prime minister, Khurram Rasool.     Present him in the court on 24th January otherwise action would be taken against the Agency.     Khurram Rasool is accused of corruption of Rs530 million.     Musharraf denies delay in return,     LONDON/KARACHI: Former military ruler & chief of (APML) Pervez Musharraf has rejected reports about suspension of programme to return home.     he would be back in Pakistan according to the scheduled programme.     SBP injects Rs 242.5bn in market,     Trade thru dry port fetches Rs1bn tax,     India SC rejects army chief’s plea,     100 more engines by year-end: Bilour,
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www.thefinancialdaily.com



 Continental recalling pilots sent on furlough



HOUSTON: Continental Airlines Inc is recalling 132 pilots who were furloughed in 2008, saying it needs them to offset retirements and handle an increase in international flying. Continental spokeswoman Julie King said the additional pilots would cover the company's needs over the next 18 months.
So far this year, Continental's traffic is running about 3 percent higher than a year ago due to international traffic, which is up 6.5 per cent. Domestic traffic has fallen 1 percent compared with the same months in 2009.
Revenue is surging thanks to higher fares and fees on many services. Second-quarter revenue jumped 19 per cent compared with a year earlier.
The move could help Houston-based Continental build labor support as it carries out a plan to combine with UAL Corp's United Airlines. Continental is the nation's fourth-largest airline and United is third. Together, they would create the world's biggest airline.
US regulators approved the deal last week, and shareholders for both airlines are scheduled to vote in two weeks.
Earlier this year, Continental recalled 15 of the 147 pilots it furloughed in September 2008. The latest group to be recalled are expected to start retraining in the last three months of the year.
Jay Pierce, chairman of the Continental branch of the Air Line Pilots Association, said the latest callbacks were "good news for all of our pilots and their families" and needed to maintain the airline's flight schedule. Continental shares rose 18 cents to close Friday at $23.68. -Agencies