Airlines
Shares in British Airways shot up as takeover rumours swept the airline industry, driven by an offer for Qantas Airways from Macquarie Bank and Texas Pacific Group. This move was partly welcomed by BA shareholders, who had anticipated a potential bid from Qantas. Meanwhile, Air France-KLM and Alitalia announced exploratory
Airlines
European sharemarkets experienced mixed results on Wednesday, with various sectors affected by mergers, earnings reports, and softer US consumer sentiment. Airlines found strength following the Qantas bid news, while major players in the aerospace industry, such as Airbus and EADS, saw significant gains. The Qantas bid news saw Lufthansa shares
Airlines
Atlanta, known as the city that was built on transportation, faces a daunting prospect with Delta Air Lines, its dominant carrier, potentially leaving its headquarters in the city. The airline's bankruptcy and a takeover bid from US Airways have sent shockwaves throughout the community, threatening the very core
Airlines
IBM, a US-based multinational technology company, is reportedly considering joining a Citigroup-led consortium bidding for Guangdong Development Bank, a state-owned Chinese lender. This move is seen as a strategic attempt to acquire a larger share of the bank's IT budget. However, the tactic is unusual, as it involves
Airlines
Airbus, already grappling with production issues for its A380 superjumbo, has suffered a significant blow as FedEx, its first customer to place an order for the jet, has cancelled its plans to purchase 10 freighter versions of the aircraft. The decision, made due to repeated delivery delays, is a major
Airlines
Airbus parent EADS has announced a third-quarter operating loss after taking a $1.28 billion charge due to production problems with its A380 super-jumbo. The cancellation of FedEx's entire A380 order has sent shockwaves through the industry, leaving airlines like Emirates Airlines worried about the fate of their
Airlines
Qantas is designing a program that will enable passengers to offset the carbon emissions from their flights, joining a growing trend in the airline industry. This move is motivated by the increasing importance of environmental programs due to climate change. Qantas' code-share partner, British Airways, has already implemented a
Airlines
Barry Diller, the American entrepreneur behind internet conglomerate IAC/InterActiveCorp, is reportedly exploring several potential acquisitions in the UK, including targets in the travel space. In an interview with the Guardian, Diller mentioned that his company is "looking at several things in the UK" and is particularly interested
Airlines
As the aviation industry continues to evolve, we're seeing a revolution in business travel, with aircraft designs that offer unprecedented luxury and convenience. From the extended-range Boeings to the superjumbo Airbus A380, the gap between commercial and private air travel is narrowing. Airlines are now offering features such
Airlines
Air New Zealand has reassured its Cook Islands staff that they will not be affected by proposed changes to ground handling staff in New Zealand. According to Air New Zealand Manager Cook Islands David Bridge, the airline will continue "business as usual" in the Cook Islands, where it
Airlines
Page Group, a renowned aerospace components manufacturer, is poised to be acquired by United Technologies Corporation (UTC) in a deal valued at approximately £50m. The Sunbury-on-Thames-based company has a legacy dating back to the Second World War, with a rich history of designing and manufacturing cockpit controls for the commercial
Airlines
British Airways has invited Boeing and Airbus to compete in a bid to supply aircraft worth at least $10 billion, marking a significant shift in the airline's previous preference for Boeing. The competition, which is the first stage in a purchasing plan that could take nearly a decade
