US airlines clinch $11bn mega-merger February 13, 2013 THE WORLD’S biggest airline will be unveiled this morning after the boards of American Airlines and US Airways voted late last night to merge the two businesses in an $11bn (£7bn) deal. The combined company will have 1,500 aircraft, $39bn (£25bn) in annual revenues and employ more than 100,000 people. US Airways chief executive Doug [...]
Heathrow boss defends plans to hike charges February 12, 2013 HEATHROW yesterday defended its plan to hike passenger charges from next year to pay for its upgrade work. The airport said it wants to spend £3bn between 2014 and 2019 to complete the revamp of terminal two, install more self-service check-in desks and improve punctuality. The plans, which must be approved by the Civil Aviation [...]
What the other papers say this morning – 08 October 2013 October 7, 2013 FINANCIAL TIMES Hedge fund DE Shaw limits investors One of the most profitable hedge funds has closed its doors to new clients, calling time on the industry’s ability to square vast inflows of money with the promise of market-beating returns. DE Shaw’s move means that of the largest six, only Man Group and Och-Ziff, are [...]
Will the European ruling on wearing religious symbols at work cause trouble for employers? January 15, 2013 YES Chris Fisher In contrast with the UK courts – which didn’t see the cross as a “requirement” of the Christian faith – the European Court has said that the way a belief is manifested only needs to be “intimately linked” to the belief. Once that is established, the employer will need to justify any [...]
Aviation bosses set out their stalls for London expansion February 13, 2013 TRANSPORT bosses locked horns over how to provide London with more flights yesterday, as rival firms ramp up campaigns aimed at the coalition’s Davies Commission on the future of air travel. Gatwick chief executive Stewart Wingate said his firm will propose to Davies that the UK should allow a new runway each at Gatwick and [...]
British Airways owner sees losses grow May 11, 2012 International Airlines Group, formed by the merger of British Airways and Iberia, said first quarter losses more than doubled as higher fuel costs and weakness in Spain helped wipe out any benefits from rising revenues. The company reported an operating loss of 249m euros (£199.65m) before exceptional items, up from a 102m euro loss a [...]
British Airways owner sees losses grow May 11, 2012 International Airlines Group, formed by the merger of British Airways and Iberia, said first quarter losses more than doubled as higher fuel costs and weakness in Spain helped wipe out any benefits from rising revenues. The company reported an operating loss of 249m euros (£199.65m) before exceptional items, up from a 102m euro loss a [...]
FTSE funds help raise £1bn for infrastructure February 18, 2013 A HOST of FTSE 100 retirement funds yesterday revealed they had raised £1bn to plough into the UK’s creak- ing infrastructure as inf luential investor Edmund Truell called on government to do more to boost building investment. Pension schemes run by BAE Systems, BT, Lloyds TSB and British Airways are among ten schemes launching a [...]
BRITISH AIRWAYS LAUNCHES NEW ROUTE April 25, 2012 BRITISH Airways is launching a new route between London City airport and Aberdeen, with three return flights per day. BA CityFlyer will operate the service starting in September, in addition to the seven return flights it already runs between Heathrow and the Scottish city.
BRITISH AIRWAYS LAUNCHES NEW ROUTE April 25, 2012 BRITISH Airways is launching a new route between London City airport and Aberdeen, with three return flights per day. BA CityFlyer will operate the service starting in September, in addition to the seven return flights it already runs between Heathrow and the Scottish city.