Finance Matters

Posts Tagged ‘International Air Transport Association’

Lufthansa has announced it is planning to save £100 million pound at airline BMI, which involves slashing almost one quarter of its capacity and the loss of 800 jobs.
The German owner also said the restructure will see BMI’s name changed back to its former name – British Midland International – believing that British Midland is [...]

It has been confirmed that British Airways (BA) and Spanish airline Iberia have signed a deal to merge their operations.
The merger, which was provisionally agreed last November, will be finalised this year and is set to create one of the world’s largest airline groups, flying to more than 200 destinations
The new company, which will have [...]

Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk.
The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business.
The Civil Aviation Authority (CAA) said operations had been suspended “with immediate effect”.
The airline, [...]

Figures published by the Civil Aviation Authority (CAA) have revealed a severe decline in passenger numbers across UK airports in 2009.
According to the CAA, the UK’s airports handled 7.4% fewer passengers in 2009 than in 2008 – marking the biggest drop since records began just after World War II.
It was also the first time levels [...]

According to the International Air Transport Association (IATA), the global airline industry is improving, with both passenger and freight numbers expected to grow this year.
In January, the industry body said 2009 saw the biggest decline in air passenger traffic since the aftermath of World War II.
The global economic downturn had a devastating impact on the [...]