Airlines lobby to axe levy on passengers November 17, 2011 FOUR of Britain’s biggest airlines put aside their differences yesterday to lobby the government to scrap its air passenger duty (APD), which they slammed as uncompetitive. Ryanair, EasyJet, British Airways and Virgin Atlantic have written to the chancellor arguing the tax on passengers, set to rise by twice the rate of inflation in 2012, puts [...]
Germans eye stake in UK’s air controller December 11, 2011 GERMAN air traffic controller Deutsche Flugsicherung (DFS) is preparing to make a bid for the government’s stake in British equivalent Nats, according to reports. The state-owned German business is believed to have approached London investment banks earlier this month about advising on a deal to acquire the government’s 49 per cent stake in Nats, which [...]
Germans eye stake in UK’s air controller December 11, 2011 GERMAN air traffic controller Deutsche Flugsicherung (DFS) is preparing to make a bid for the government’s stake in British equivalent Nats, according to reports. The state-owned German business is believed to have approached London investment banks earlier this month about advising on a deal to acquire the government’s 49 per cent stake in Nats, which [...]
Virgin attacks IAG’s BMI bid November 6, 2011 VIRGIN Atlantic has lashed out at British Airways owner International Airline Group’s (IAG) bid to buy the loss-making BMI from Germany’s Lufthansa, warning that it still faces competition concerns before it can proceed. Virgin responded to IAG’s announcement on Friday that it had “reached an agreement in principle” to buy BMI by confirming it had [...]
Virgin attacks IAG’s BMI bid November 6, 2011 VIRGIN Atlantic has lashed out at British Airways owner International Airline Group’s (IAG) bid to buy the loss-making BMI from Germany’s Lufthansa, warning that it still faces competition concerns before it can proceed. Virgin responded to IAG’s announcement on Friday that it had “reached an agreement in principle” to buy BMI by confirming it had [...]
Bank stocks lead the way as the FTSE continues its climb January 19, 2012 BRITAIN’S top share index closed higher yesterday, led by banks after bullish earnings from their US peers and with hopes building that the recent coordinated action by central banks and the IMF would be enough to avoid an economic crisis. The FTSE 100 index rose 38.78 points, or 0.7 per cent, to 5,741.15, after breaking [...]
Bank stocks lead the way as the FTSE continues its climb January 19, 2012 BRITAIN’S top share index closed higher yesterday, led by banks after bullish earnings from their US peers and with hopes building that the recent coordinated action by central banks and the IMF would be enough to avoid an economic crisis. The FTSE 100 index rose 38.78 points, or 0.7 per cent, to 5,741.15, after breaking [...]
IAG targets £1bn profit by 2015 November 11, 2011 British Airways and Iberia owner IAG said it had increased its growth and cost savings targets and expected to make an operating profit of around 1.5bn euros (£1bn) in 2015. Europe’s second-biggest airline group by value behind Germany’s Lufthansa (LHAG.DE) said it expected to achieve annual synergies of 450m euros in 2015, the fifth year [...]
BAA appeals to airlines to slash passengers as Heathrow strike looms November 25, 2011 Heathrow airport operator BAA has asked airlines to halve the number of international passengers arriving into the UK on 30 November, when border staff strike over pensions. BAA, owned by Spanish infrastructure group Ferrovial, on Friday warned of significant disruption to passengers arriving at Heathrow next Wednesday with delays that could last up to 12 [...]
BAA appeals to airlines to slash passengers as Heathrow strike looms November 25, 2011 Heathrow airport operator BAA has asked airlines to halve the number of international passengers arriving into the UK on 30 November, when border staff strike over pensions. BAA, owned by Spanish infrastructure group Ferrovial, on Friday warned of significant disruption to passengers arriving at Heathrow next Wednesday with delays that could last up to 12 [...]