Abandoning third runway would be bad for UK, Istanbul airport boss warns Aviation The UK risks missing out on a “positive cycle in the economy” if it fails to approve Heathrow’s third runway, the boss of Istanbul airport has said, adding that a phased approach to development could help keep a lid on the mega-project’s eye-watering costs. Selahattin Bilgen, chief executive of Turkey’s iGA Istanbul Airport, told City [...]
On this day: Concorde first breaks the sound barrier Opinion On this day, the 1st October, in 1969, Concorde first showed off its real party trick - breaking the sound barrier, writes Eliot Wilson.
British Airways defeats HMRC in £5.8m Heathrow cabin crew tax dispute Tax British Airways has won a tax battle against HMRC over whether costs tied to cabin crew accommodation at London Heathrow Airport were subject to £5.8m in income tax and national insurance contributions. Following an appeal in June, the Upper Tribunal ruled in favour of the airline on Monday, dismissing the tax authority’s claim and finding [...]
Exclusive: Easyjet shareholder rights to be watered down under Apollo deal August 13, 2026 Easyjet shareholders risk having their stake in the airline seized from them unilaterally and are highly unlikely to be paid a dividend if they opt to retain their stake in the carrier once Apollo’s takeover is complete. According to documents filed by the private markets juggernaut last Thursday, investors who roll their investment into the [...]
Apollo snaps up Easyjet after Castlelake walks away August 6, 2026 Easyjet has agreed a £5.7bn takeover deal with Apollo after rival bidder Castlelake pulled out of the bidding process. In a joint announcement with the low-cost airline on Thursday, the American private markets juggernaut said it had “reached an agreement on the terms and conditions of a recommended cash acquisition”. The offer has the backing [...]
Easyjet extends window for another Castlelake bid August 3, 2026 Easyjet has extended the window for another takeover bid from asset manager Castlelake after its offer was usurped by investment giant Apollo last month. The budget airline said on Monday that it was still set to recommend the Apollo deal to shareholders, which values its stock at £7.15 per share, but would extend Castlelake’s deadline [...]
Passengers to foot bill for Heathrow third runway bidding process July 29, 2026 Heathrow will be allowed to pass the vast bill it has racked up preparing its third runway bid onto passengers, the aviation watchdog has said, in a ruling that promises to extend the airport’s position as the most expensive in the world. The Civil Aviation Authority judged that Heathrow Airport Limited (HAL) will be allowed [...]
Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles July 24, 2026 The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]
World Cup demand pushes price of private jet charters up 30 per cent July 16, 2026 The price of chartering a private jet between some US cities has surged by up to 30 per cent due to “exceptionally strong demand” during the World Cup. Corporate groups, wealthy football fans and syndicates of supporters travelling together have turned to private charters in increasing numbers to navigate the biggest and most geographically dispersed [...]
Easyjet proves too tempting a bargain for gatecrasher Apollo July 10, 2026 Apollo has gatecrashed Castelake’s cut-price Easyjet bid – setting up a potential buyout behemoth battle for the skies, writes Ali Lyon, Stelios Haji-Ioannou, the colourful force behind London’s Easyjet, founded his low-cost carrier on a simple philosophy: promise travellers cheaper fares, and open up budget air travel for millions of customers who for decades had [...]