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15/02/2008
Flight Refunds For BA And Virgin Passengers
Thousands of travellers who flew on long-haul flights with British Airways or Virgin Atlantic between August 11, 2004 and March 23, 2006, could receive a refund.
The two airlines have reached agreement on a compensation deal, brought about via a class action suit, brought against the airlines in the US on behalf of passengers.
The deal will now have to be approved by US courts.
Last year, British Airways was fined £121.5 million by the Office of Fair Trading and $300 million by the US Department of Justice for colluding with Virgin Atlantic on fixing fuel surcharges added to the cost of their tickets.
Virgin Atlantic did not receive a fine because it informed authorities of the price-fixing policy.
The compensation deal will see British Airways reportedly pay out £71 million, while Virgin Atlantic is understood to be paying out £30 million.
The deal will entitle individuals or businesses who purchased tickets from either airline in the UK or the US during the specified time frame to claim refunds. It is thought that the refunds would be worth a third of the surcharge on each flight – between £1 and £11.50 per flight.
A spokesperson for Virgin Atlantic said that the company believed that the settlement "draws a line" under the incident, while British Airways' Chief Executive Willie Walsh described the settlement as "fair and reasonable".
(KMcA)
The two airlines have reached agreement on a compensation deal, brought about via a class action suit, brought against the airlines in the US on behalf of passengers.
The deal will now have to be approved by US courts.
Last year, British Airways was fined £121.5 million by the Office of Fair Trading and $300 million by the US Department of Justice for colluding with Virgin Atlantic on fixing fuel surcharges added to the cost of their tickets.
Virgin Atlantic did not receive a fine because it informed authorities of the price-fixing policy.
The compensation deal will see British Airways reportedly pay out £71 million, while Virgin Atlantic is understood to be paying out £30 million.
The deal will entitle individuals or businesses who purchased tickets from either airline in the UK or the US during the specified time frame to claim refunds. It is thought that the refunds would be worth a third of the surcharge on each flight – between £1 and £11.50 per flight.
A spokesperson for Virgin Atlantic said that the company believed that the settlement "draws a line" under the incident, while British Airways' Chief Executive Willie Walsh described the settlement as "fair and reasonable".
(KMcA)
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08 August 2003
Profitable year for Virgin Atlantic
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Profitable year for Virgin Atlantic
Virgin Atlantic has reported pre-tax annual profits of nearly £16 million today – a turnaround of £108.3 million compared with the previous year.
19 November 2012
Virgin Win London To Scotland Flight Routes
Virgin Atlantic has been offered the rights to operate Heathrow links to Edinburgh and Aberdeen. Sir Richard Branson's airline bid successfully for the London landing slots formerly operated by BMI. The slots were released to others by regulators as a condition of allowing the takeover earlier this year of BMI by British Airways' owner IAG.
Virgin Win London To Scotland Flight Routes
Virgin Atlantic has been offered the rights to operate Heathrow links to Edinburgh and Aberdeen. Sir Richard Branson's airline bid successfully for the London landing slots formerly operated by BMI. The slots were released to others by regulators as a condition of allowing the takeover earlier this year of BMI by British Airways' owner IAG.
17 January 2008
Departure Delayed On Boeing's 'Most Environmentally Friendly Jet'
Passengers waiting to board Boeing's most advanced passenger aircraft to date will have to wait a bit longer. The company has been forced to delay deliveries of the new 787 Dreamliner plane due to production problems.
Departure Delayed On Boeing's 'Most Environmentally Friendly Jet'
Passengers waiting to board Boeing's most advanced passenger aircraft to date will have to wait a bit longer. The company has been forced to delay deliveries of the new 787 Dreamliner plane due to production problems.
24 August 2007
BA Fined In US For Price Fixing
British Airways has been fined £150 million for its part in price fixing fare surcharges. US investigators found BA had held talks with Virgin Atlantic over surcharges for transatlantic flights to cover rising fuel costs.
BA Fined In US For Price Fixing
British Airways has been fined £150 million for its part in price fixing fare surcharges. US investigators found BA had held talks with Virgin Atlantic over surcharges for transatlantic flights to cover rising fuel costs.
01 August 2007
BA Price-Fixing Fine Rises To £270m
The amount that British Airways has been fined for price-fixing on fuel surcharges for long-haul flights has risen to almost £270 million. The US Department of Justice fined the airline almost $300 million (£148 million) which will be added to the £121.5 million fine handed to the company by the UK's Office of Fair Trading.
BA Price-Fixing Fine Rises To £270m
The amount that British Airways has been fined for price-fixing on fuel surcharges for long-haul flights has risen to almost £270 million. The US Department of Justice fined the airline almost $300 million (£148 million) which will be added to the £121.5 million fine handed to the company by the UK's Office of Fair Trading.
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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.
