Qantas scraps $8.5bn order after first loss
Qantas has scrapped a $8.5bn order for Boeing 787 Dreamliners for its troubled international arm after the group reported its first loss since it was privatised almost two decades ago.…
Air France and Rolls-Royce in repairs tussle
Rolls-Royce, the British jet engine maker, is facing a direct challenge to its lucrative maintenance and support business from Air France-KLM, in a commercial tussle that is delaying the Franco-Dutch…
Ryanair considers purchase of Stansted stake
©Getty Ryanair is considering bidding for a 25 per cent stake in Stansted airport in the UK, in a move that would see the low cost airline take its first…
UK airports
Would those interested in buying Stansted please go to the gate, where boarding will commence shortly. BAA has given up its attempt to keep control of two London airports; on…
Flight attendants agree new AMR contracts
AMR, the bankrupt parent of American Airlines, is close to resolving the most contentious part of its restructuring after flight attendants became the last group to accept new contract terms…
Virgin enters short haul market
Virgin Atlantic is embarking on a significant change to its business strategy by starting to operate short haul flights in the UK. Some analysts expressed doubts about Virgin’s decision to…
BAA gives up fight to retain Stansted
BAA has agreed to sell Stansted airport after three years of battling a Competition Commission order for its disposal. A sale will leave the company that once owned London’s three…
Qatar lands BAA stake in £900m deal
©AFP Welcoming sign but there is concern that the Home Office is not doing enough to ease immigration queues at London’s Heathrow airport Qatar’s sovereign wealth fund is set to…
Romney’s take-off
©Getty On the rise: Mitt Romney helped double sales and jobs at Key Airlines, a small charter company The first leg of Mitt Romney’s journey to a private equity fortune…
Romney link to union suppression ruling
©AFP A company controlled by Republican presidential candidate Mitt Romney’s Bain Capital ran an unlawful campaign to suppress a potential union in the 1980s, according to US court and federal…
More wrangling delays Berlin’s new airport
The calamity-strewn story of Germany’s highest profile construction project – the new international airport being built on the edge of Berlin – is set to plumb new depths after a…
Etihad eyes Ryanair’s Aer Lingus stake
The Irish government may have to jostle with Ryanair over selling their respective stakes in Aer Lingus after Etihad, the expansionist Middle Eastern airline, said it would be interested in…
China covets a contrary indicator
An investor in a business majority-controlled by another shareholder has embarked on a mystery tour. With gold miner African Barrick, which has attracted bid interest from China, the trip has…
Airbus faces loss of $3.8bn order
Airbus faces the loss of an order for 10 A380 aircraft with a list price of $3.8bn after Hong Kong Airlines cancelled its lossmaking all-business class service to London. “Our…
EasyJet founder loses vote to oust chairman
Sir Stelios Haji-Ioannou’s attempt to oust Sir Michael Rake as chairman of easyJet has been narrowly defeated in a shareholder vote at the airline. In an emergency meeting on Monday…