MONTREAL - Talks between Air Canada (TSX:AC.B) and the union representing its mechanics and technical staff will likely continue through the weekend as the airline tries to obtain a wage freeze and pension relief it says it needs to survive the recession.

LONDON - British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers.

OTTAWA (Reuters) - Air Canada's biggest union may push for additional job security in labor talks with the debt-heavy airline and a federally appointed mediator on Friday, but it doesn't expect a quick resolution.

LONDON (AFP) - Troubled British Airways said Friday that it would slash capital expenditure by one fifth in the current financial year after posting another sharp drop in monthly passenger numbers.

BERLIN - Austrian transport operator Linz Linien has placed a US$93-million order for another 23 trams from Bombardier Inc. (TSX:BBD.B), the Montreal-based rail and aerospace equipment maker.