Airlines
The Chinese government is intensifying efforts to get other shareholders in China Eastern Airlines to approve an investment by Singapore Airlines, despite Air China's reservations about the deal. Sasac, a government entity that controls state-owned companies outside the financial sector, has instructed shareholders not to oppose the deal,
Airlines
British Environment Minister Ian Pearson has slammed European and American airlines for failing to take climate change seriously. Pearson criticized Irish carrier Ryanair, calling its CEO Michael O'Leary "completely off the wall" and accusing him of being irresponsible with regards to carbon emissions. The minister also
Airlines
The British government has launched a strongly-worded attack on several major airlines, including Ryanair and American carriers, for their alleged lack of concern regarding climate change. Environment minister Ian Pearson described Ryanair as "the irresponsible face of capitalism" and called the attitude of major American airlines "a
Airlines
The airline sector is experiencing a wave of consolidation, with several major players involved in merger talks or takeover speculation. In Australia, Qantas has accepted a £4.4bn bid from a private equity consortium led by Macquarie, while in the United States, United Airlines and Continental Airlines are in talks
Airlines
The UK market is on track for a substantial increase in leveraged buyouts, with private equity players expected to spend at least an additional £18 billion in 2007, according to Goldman Sachs. Several major companies have been identified as potential takeover targets, including British Airways, GKN, and Inter-Continental Hotels. The
Airlines
Persistent dense fog has brought travel to a grinding halt in southern England, with British Airways forced to cancel all domestic flights and a significant number of European short-haul services to and from London Heathrow for the third consecutive day. Over 40,000 passengers were affected by flight cancellations yesterday,
Airlines
The government's decision to allow airport expansion, despite claims of climate change targets, will likely result in a significant increase in greenhouse gas emissions. According to a report commissioned by the Department for Environment, carbon emissions from aviation will rise by between 22m and 36m tonnes by 2030.
Airlines
Amid the struggling airline industry, a flurry of confirmed talks among major carriers is signaling a potential wave of consolidation. United Airlines and Continental Airlines are exploring a possible combination, while Qantas Airways has accepted a sweetened $8.7 billion buyout offer from Macquarie Bank and Texas Pacific Group. These
Airlines
In November 2006, AMR Corporation's main subsidiary, American Airlines, reported a 1.1% decline in traffic, or revenue passenger miles, compared to the same period in the prior year. The airline's monthly capacity decreased by 3.7% to 13.4 billion available seat miles. Despite this,
Airlines
Alexander Litvinenko, a 44-year-old KGB-trained former intelligence agent, died at University College Hospital in London on November 23 due to a massive dose of polonium-210. Traces of this highly radioactive isotope were found in 12 locations in and around London, including two British Airways aircraft, two hotels, and Mr. Litvinenko&
Airlines
A report from the International Air Transport Association (IATA) has called for aviation authorities to revise arrival and departure procedures at Hong Kong's airport to save fuel and reduce carbon emissions. The changes could result in the saving of 84,000 tonnes of jet fuel every year, equivalent
Airlines
Passengers on over 40,000 flights across more than 30 commercial airlines will watch the award-winning film BEAT THE DRUM, raising awareness about the over 12 million children in Africa who have been orphaned by AIDS. The film, which tells the story of a young South African boy's
