Grounded commercial flights create a boon for private jets April 20, 2010 A RAFT of private jet and helicopter companies have cashed in on the chaos generated by thousands of grounded commercial liners as they transported stranded business passengers to and from mainland Europe. Operators, including NetJets, Ocean Sky and Jet Aviation have seen the number of requests sky rocket as most of Europe continues to face [...]
Insurers lobby to avoid paying out to cover airline losses April 20, 2010 UNCERTAINTY over who will foot the losses generated by the flight restriction mounted yesterday as it remained unclear how insurance cover would be given to the airlines. Airlines impacted by the closure of airspace could have cover, according to Holman Fenwick Willan lawyer Paul Wordley, but only if they have business interruption triggers in their [...]
Bangalore blasts will concern ICC April 20, 2010 THE blasts in Bangalore at the weekend were not only a worry for Indian Premier League chiefs, but will also be pretty disturbing for the ICC ahead of next year’s World Cup on the sub-continent. Bangalore is historically a very friendly town, but so anxious are the IPL, they have been forced to move this [...]
BAA loses up to £6m a day from airport closures April 20, 2010 AIRPORTS operator BAA yesterday said that the flight ban sparked by the volcanic ash cloud is costing it between £5m and £6m a day. The operator runs six airports in the UK, including Heathrow and Stansted but all have remained out of action since air traffic control group NATS closed British air space to commercial [...]
ICELAND’S VOLCANIC ASH COMES FULL CIRCLE April 20, 2010 YOU’RE not going to believe this, ladies and gentlemen, but that’s the beauty of pure irony. A little bird whispers in The Capitalist’s ear that the latest victim of the Icelandic volcano belching ash over Europe is none other than Malcolm Walker, who runs – you guessed it – frozen food supermarket chain Iceland. It [...]
Villa boss ‘irked’ by Milner City link April 20, 2010 ASTON VILLA boss Martin O’Neill has hit out over rumours linking James Milner with a summer move to Manchester City. The England midfield ace has impressed with a number of eye-catching displays this season, leading to talk of a £24m move to the mega-rich Eastlands club. “It is irksome at this stage of the season,” [...]
Pompey thought to owe £119m, including £9m alone to agents April 20, 2010 PORTSMOUTH delayed publication of their accounts last night amid reports that their debts are far higher than previously thought. The club, who are in administration and already condemned to relegation from the Premier League, are thought to owe £119m. Previous estimates put the figure at around £90m. Andrew Andronikou, the administrator, said the figures were [...]
TUI seeks to raise £500m for warchest April 20, 2010 TUI Travel, Europe’s biggest travel firm, says it plans to raise £500m in new financing to fund acquisitions. The company behind Thomson and First Choice has taken a hit of £26m as a result of the subsequent disruption caused by the volcanic ash. But the group remains bullish and said yesterday the fund-raising would ensure [...]
SPORT | IN BRIEF April 20, 2010 Lumb handed England call-up CRICKET: Hampshire’s Michael Lumb is the only uncapped player named in a 27-man England performance squad, announced yesterday. Lumb, 30, scored 442 runs in 11 domestic Twenty20 matches this season and joins fellow limited-overs specialists Craig Kieswetter, Joe Denly and Michael Yardy in the squad. Fast bowlers Steven Finn and Ajmal [...]
Swine flu booster for Novartis April 20, 2010 SWISS drugmaker Novartis is confident about meeting its 2010 goals after governments buying up its vaccines during the H1N1 pandemic lifted the group to forecast-beating first-quarter results. Earnings per share rose to $1.29 (84p) in the first quarter, beating anaylysts estimates of $1.11, thanks also to strong sales of new blood pressure drugs Exforge and [...]
