Classic cars and super-yachts at Mallorca’s most luxurious rally event, the Oris Rally Clásico at Puerto Portals May 6, 2016 Thanks to its clubbing capital Magaluf, Mallorca has developed an unfair reputation as a place full of barely-clothed, sunburnt Brits, all clambering over each other to contract the latest, greatest sexually transmitted disease. There are a few locations actively attempting to repair that perception, though, by attracting lovers of sport and culture to the island, [...]
Virgin Atlantic seeks to raise cash from Heathrow runway slots November 29, 2015 Virgin Atlantic has been given an air operator certificate for a new corporate entity called Virgin Atlantic International (VAL), sparking rumours the airline is looking to raise money against its slots on Heathrow's runways. The company said it did not comment on “market speculation”. Virgin, owned by Sir Richard Branson and Delta Air Lines, will reportedly [...]
IAG share price soars after Iberia turnaround and British Airways profit deliver record results February 27, 2015 The figures International Airlines Group's stock rose more than five per cent in early trading after the group which owns carriers British Airways and Iberia, among others, announced a 95.3 per cent rise in operating profit after exceptional items in 2014 to €1.03bn (£750m), from €527m last year. The group now expects to make operating [...]
Ted Baker buys Ugly Brown Building headquarters for £55m December 17, 2015 Ted Baker's founder Ray Kelvin and his staff have become very attached to their quirky King’s Cross offices they call the Ugly Brown Building. So much so, the fashion brand has bought the freehold to the property, formally known as Block B, Canal Reach on St Pancras Way, for £55.25m through its subsidiary, Big Lobster, after [...]
Finally: Foreign secretary Philip Hammond confirms China and UK will offer each other multiple entry visas January 6, 2016 Foreign secretary Philip Hammond has confirmed that China and the UK will offer one another two-year multiple entry visas for the first time. The news comes after years of cajoling from business organisations to allow Chinese tourists to visit the UK without going through the complicated process of applying for a visa each time. "From [...]
Qatar Airways takes stake in British Airways and Iberia owner IAG becoming largest shareholder January 30, 2015 Qatar Airways has bought a 9.9 per cent stake in British Airways and Iberia owner International Airlines Group (IAG) becoming its largest shareholder. The state-owned carrier said it would consider increasing this stake as it expands further into European markets, however this is limited by EU rules on ownership by non-EU companies. The flag carrier [...]
British Airways flight BA49 from London Heathrow to Seattle lands safely after it declares mid-air emergency March 6, 2015 A British Airways flight from London to Seattle was forced to turn around after it declared a mid-air emergency. The flight was just under two hours into an eight-hour flight to the city, in the North West of the US. UPDATE EMERGENCY #BA49 Boeing 777 is continuing to London LHR. Live: http://t.co/mzKkQjjfiX pic.twitter.com/PVZ5nFG6RU — AIRLIVE [...]
British Airways owner IAG makes third Aer Lingus takeover offer January 24, 2015 International Consolidated Airlines (IAG) has increased its takeover offer for Aer Lingus. The owner of British Airways and Spain’s Iberia has submitted a revised proposal to the Aer Lingus board that values the Irish carrier at €1.34bn (£971m) according to Sky News. IAG has already had two cash takeover bids of €2.30 and [...]
British Airways owner rejected by Aer Lingus December 18, 2014 Irish flag carrier Aer Lingus yesterday revealed that it had knocked back an offer from international rival IAG, owner of British Airways. Despite the knock-back, IAG is expected to come back with an improved offer, which could be supported by Ryanair. The budget carrier is a major shareholder in Aer Lingus, although it may soon [...]
Paris attacks: Air France, Ryanair, EasyJet, ICA share prices fall in wake of Islamic State attack on French capital November 16, 2015 Airlines' share prices were down on Monday, the first day of trading since the terrorist attacks in Paris on Friday night, in which 129 people were killed. Asia Pacific-listed airlines were the first to feel the brunt, amid concerns over consumer reactions to the coordinated series of attacks, in which gunmen targeted a music venue, a [...]