British Airways World Cargo (BAWC) has chosen to continue operating its longhaul freighter programme from London Stansted, following a tender process, which saw BAWC evaluate what it said were a number of options, including a possible relocation to Kent International Airport. “After careful evaluation and taking into account a number of factors including the need to provide the best product for our customers, cost effectiveness, service quality and speed of connection, Stansted remains the … [Read more...] about BA World Cargo keeps Stansted freighter hub
British Airways
BA soon to undertake 'far-reaching' restructuring
British Airways will soon announce far-reaching restructuring measures designed to reduce costs and increase efficiency, the carrier said in its in-house weekly newspaper, BA News. "Only through delivering fundamental change can we achieve the small profit we are targeting this year and emerge from the crisis as a strong global player," CFO Keith Williams said, warning that the shakeup will be "far-reaching, reshaping our company from top to bottom." He said BA's biggest challenge will be, … [Read more...] about BA soon to undertake 'far-reaching' restructuring
BA soon to undertake ‘far-reaching’ restructuring
British Airways will soon announce far-reaching restructuring measures designed to reduce costs and increase efficiency, the carrier said in its in-house weekly newspaper, BA News. "Only through delivering fundamental change can we achieve the small profit we are targeting this year and emerge from the crisis as a strong global player," CFO Keith Williams said, warning that the shakeup will be "far-reaching, reshaping our company from top to bottom." He said BA's biggest challenge will be, … [Read more...] about BA soon to undertake ‘far-reaching’ restructuring
India not likely to OK foreign investment
The Indian government is unlikely to allow foreign airlines to directly buy stakes in local carriers before the upcoming federal elections, Dow Jones reported. Indian carriers, like Kingfisher Airlines and SpiceJet, have urged the government to allow them to sell stakes to raise funds with foreign carriers including British Airways and Virgin Airways having expressed interest in investing in India's growing aviation sector. The finance ministry official's comments follow a recent Economic Times … [Read more...] about India not likely to OK foreign investment
Qantas, BA target US$500 million annual synergies
Qantas Airways Ltd and British Airways PLC are targeting annual synergies of at least US$500 million by 2010 as part of their merger discussions, the Australian Financial Review reported. Qantas Airways British Airways are in talks about a potential merger as airlines explore consolidation in a bid to mitigate the deepening economic downturn. Qantas confirmed on Wednesday it was exploring a potential merger via a dual-listed company structure after a similar announcement earlier by BA that sent … [Read more...] about Qantas, BA target US$500 million annual synergies
Iberia Lineas Aereas de Espana and British Airways
The share swap ratio for the merger between Iberia Lineas Aereas de Espana and British Airways hasn’t yet been agreed upon, according to a Caja Madridofficial, Dow Jones reported. The UK and Spanish carriers announced a US$5.1billion all-share merger in July, but theterms haven’t yet been worked out. Aslumping share price and a wideningpensions deficit at British Airways havefuelled speculation Iberia can get a betterdeal in the negotiations. … [Read more...] about Iberia Lineas Aereas de Espana and British Airways
