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18/09/2001
Airline bosses in crisis talks with Transport Secretary
UK Transport Secretary Stephen Byers has met with airline bosses to discuss the damage that last week’s terrorist attacks in the US has caused to the industry.
The meeting follows news that the UK’s second largest long haul airline, Virgin Atlantic is to shed 1,200 jobs - 13 per cent of its workforce - and that over 60,000 employees at British Airways are awaiting a similar announcement of job cuts.
The bosses of both companies have called on the UK government to give financial support to the airlines. Responding to the calls, Mr Byers has promised to set up a committee immediately to examine issues including airport tax, insurance and fuel costs.
Discussions to offer financial aid packages are already underway in the US and the European Union. The British Airline Pilots Association (BALPA), which represents almost all Britain’s airline pilots, said the UK government should give financial support to the airlines. US airlines have requested $24bn in financial aid from the American government.
According to the White House, President Bush has ordered a ‘comprehensive’ package to support the industry, although details of precise measures have not yet been revealed. (CD)
The meeting follows news that the UK’s second largest long haul airline, Virgin Atlantic is to shed 1,200 jobs - 13 per cent of its workforce - and that over 60,000 employees at British Airways are awaiting a similar announcement of job cuts.
The bosses of both companies have called on the UK government to give financial support to the airlines. Responding to the calls, Mr Byers has promised to set up a committee immediately to examine issues including airport tax, insurance and fuel costs.
Discussions to offer financial aid packages are already underway in the US and the European Union. The British Airline Pilots Association (BALPA), which represents almost all Britain’s airline pilots, said the UK government should give financial support to the airlines. US airlines have requested $24bn in financial aid from the American government.
According to the White House, President Bush has ordered a ‘comprehensive’ package to support the industry, although details of precise measures have not yet been revealed. (CD)
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25 September 2001
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18 October 2011
Etihad To Buy Govt Aer Lingus Stake?
Talks are reportedly underway between the Irish Government and a Middle Eastern airline, which have expressed interest in the Governments 25% stake in Aer Lingus. According to the Financial Times, a meeting between James Hogan,the Chief Executive of Etihad and Taoiseach Enda Kenny,at an investment conference in Dublin, sparked interest.
Etihad To Buy Govt Aer Lingus Stake?
Talks are reportedly underway between the Irish Government and a Middle Eastern airline, which have expressed interest in the Governments 25% stake in Aer Lingus. According to the Financial Times, a meeting between James Hogan,the Chief Executive of Etihad and Taoiseach Enda Kenny,at an investment conference in Dublin, sparked interest.
03 April 2002
German firm to create 50 new jobs for Waterford
Up to 50 new jobs are to be created in Waterford over the next four years following a €10 million investment by German firm, Guehring oHG Albstadt.
German firm to create 50 new jobs for Waterford
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19 March 2002
Airline sector exhibits first signs of recovery in traffic
Tentative signs of recovery in the airline sector have been bolstered by British Airways’ decision to restore part of its transatlantic services. From April, BA is to reinstate its transatlantic Concorde flights during the week, which will see Heathrow-US air traffic levels back to normal after the events of September 11.
Airline sector exhibits first signs of recovery in traffic
Tentative signs of recovery in the airline sector have been bolstered by British Airways’ decision to restore part of its transatlantic services. From April, BA is to reinstate its transatlantic Concorde flights during the week, which will see Heathrow-US air traffic levels back to normal after the events of September 11.
05 November 2001
BA losses prompt doubts about future performance
British Airways has announced a 25 per cent fall in traffic in October, prompting speculation about the financial future of the company, which is currently Europe's largest airline.
BA losses prompt doubts about future performance
British Airways has announced a 25 per cent fall in traffic in October, prompting speculation about the financial future of the company, which is currently Europe's largest airline.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
