Flybe’s chief executive Saad Hammad quits and sends shares plummeting October 26, 2016 Flybe's chief executive Saad Hammad has quit unexpectedly after a three-year stint. The Exeter-based firm said Hammad had left "with immediate effect" and that it was "time for a new CEO to lead the next phase of Flybe's long-term development". As the news broke, the company's shares dropped 14.8 per cent. Hammad said in the company [...]
Boeing profit soars as it bumps up delivery and revenue forecasts October 26, 2016 While Airbus reported dipping profits earlier today, rival Boeing has reported third quarter results that beat profit and sales expectations, boosted by a tax benefit. It reported a 33.7 per cent rise in quarterly profit. The figures Boeing earned $2.28bn or $3.60 a share, up from $1.7bn in the same period a year ago. Core earnings [...]
Combined Tube and Southern strike action to set up Christmas chaos October 26, 2016 More good news for Christmas commuters: not only has the Rail, Maritime and Transport (RMT) union confirmed it will ballot 3,500 London Underground workers for strike action, it’s also balloting drivers on Southern Rail. The ballot will open next Friday on the 4 November and close on the 18 November, mirroring the timetable planned for [...]
Female bosses get blamed more than their male counterparts for a company crisis October 26, 2016 Ever thought Yahoo chief executive Marissa Mayer seems to get an awful lot of critical headlines compared to some of the male bosses out there? Well, according to research by The Rockefeller Foundation, 80 per cent of news reports relating to female bosses dealing with corporate troubles suggested they were a source of blame. In [...]
BT’s giving London’s phone boxes a revamp and they’ve got free Wi-Fi October 26, 2016 BT’s made a rather bold decision – it’s giving London’s phone boxes a makeover. The telecoms group has announced plans to replace the traditional boxes with kiosks called Links, in a new service LinkUK, offering free calls to UK landline and mobile phones, free Wi-Fi access and charging facilities. Hundreds of users within range of [...]
Airbus profit nosedives after production troubles and choppy helicopter sales October 26, 2016 Supplier headaches and a turbulent switch to newer models have taken a toll on Airbus Group's third quarter profit, which slumped 21 per cent. The figures Airbus may have been celebrating the delivery of its 10,000th aircraft last week (an A350-900 for Singapore Airlines, in case you were wondering), but it had less to enjoy today, posting lower than expected [...]
Chris Grayling says Heathrow’s considering a “ramp runway” over the M25 October 26, 2016 As debate rages on over Heathrow’s expansion and how deliverable it is, transport secretary Chris Grayling said the idea of building a ramp for the new Heathrow runway is being considered. The “ramp runway” would be built over the M25 and the transport secretary says it would be “cheaper and quicker” than moving the M25. Speaking on BBC [...]
The Heathrow expansion decision has made other UK airports antsy October 25, 2016 The government giving Heathrow expansion the green light has sparked demands from other UK airports. The likes of Gatwick, Birmingham and Stansted all have growth aspirations and have stressed the need for a new aviation policy that consults them so future decisions aren’t so drawn-out. Ken O’Toole, chief executive of Manchester Airport, noted that airports across [...]
Gatwick boss: Heathrow is not the right answer for Britain October 25, 2016 Gatwick has criticised the government's decision to give Heathrow expansion the go-ahead, but said it "stands ready to proceed when the time comes". The airport had been mulling over its response to the news and a few hours after the story broke, chief executive Stewart Wingate said: "We are disappointed as we do not believe this is the right [...]
The winners and losers of Heathrow expansion October 25, 2016 The airport expansion decision has finally been made, with Heathrow getting the go-ahead after numerous delays. And while many have welcomed the announcement, others haven't been quite so supportive. Here are some of the biggest winners and losers of the government's decision. WINNERS Heathrow (obviously) It's been a tense wait for the airports involved, with [...]
