US bridge fall highlights funding gap
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Heathrow runway shut by emergency landing
©PA Travellers trying to get away early for the bank holiday weekend suffered significant disruption at Heathrow on Friday after a British Airways aircraft had to make an emergency landing…
China clears Dreamliner for flights
China has cleared the 787 Dreamliner for commercial flight for the first time, giving Boeing a boost as its prized, but problem-hit, jet gets back into regular service. The Civil…
EU accepts Star Alliance concessions
Brussels has accepted concessions from Lufthansa, United Airlines and Air Canada to address potential competition issues over a pact to share transatlantic revenues. The airlines – core members of the…
EasyJet to buy Gatwick slots from Flybe
EasyJet is seeking to strengthen its grip on Gatwick by agreeing to pay £20m for take-off and landing slots at the UK’s second largest airport that are held by Flybe.…
FirstGroup downgrade threat to rail bidding
©Newscast Many pensioners think cutting universal benefits would not decrease public spending, because of the expense of administering a means test FirstGroup faces possible exclusion from future rail bids should…
Embraer in $8bn SkyWest aircraft supply deal
Embraer is to sell up to 200 aircraft to SkyWest, the world’s largest regional airline group, in a deal valued at up to $8bn that is set to revive the…
FirstGroup chairman knew time was over
Martin Gilbert’s decision to step down as chairman of FirstGroup after 27 years at the company and its forerunners was a case of a man who could see the writing…
Little to celebrate in lowball ENRC offer
The verdict of one observer on an indicative offer for Eurasian Natural Resources is that “you can’t imagine there would be a deal completion party – and if there was,…
Rights issue plan derails FirstGroup
Shares in FirstGroup plunged 30 per cent on Monday as investors balked at a £615m rights issue and the scrapping of its dividend. Some income funds offloaded shares in the…
Ryanair seeks more growth as profit soars
©AFP Ryanair is aiming to achieve further growth at the expense of European flag carriers in the next five years, as it announced a 16 per cent increase in underlying…
Ryanair: options extra
The average ticket price last year on a Ryanair flight was about the same as the cost of 20 cappuccinos. More precisely, it worked out at €48, up 6 per…
FirstGroup shares plunge on rights issue
©Bloomberg The fallout from last year’s West Coast mainline fiasco was the “final straw” that forced FirstGroup to launch a heavily discounted rights issue on Monday, according to its chief…
Shipping: too much supply
Overcapacity and weak demand – what would you do? Cutting supply would seem obvious but container shipping lines prefer, it appears, to add it. Net, the industry is on course…
China Railway plans bond auction
The newly formed China Railway Corporation will make its capital market debut with the sale of Rmb20bn ($3.25bn) in bonds this week, raising funds that are needed to get the…