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
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
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
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
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
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
