Chelsea takeover battle: Broughton and Coe gain favour within government March 19, 2022 Sir Martin Broughton and Lord Coe’s takeover bid for Chelsea has received a warm welcome from within the government, it has been reported. Broughton and Coe are heading a consortium endeavouring to buy Chelsea after sanction-hit owner Roman Abramovich was forced to slash ties with the club. Treasury officials are to review the preferred bidder [...]
Government puts ball in Chelsea’s court: sellers asked to nominate buyer and home for proceeds March 17, 2022 The government is taking a hands-off approach to the sale of Chelsea as the Premier League club’s extraordinary auction enters its final few hours. Despite freezing Roman Abramovich’s assets and only allowing the club to operate within the parameters of a strict licence, the government has indicated that it will not get involved in assessing [...]
IAG offers €100m loan to Globalia for 20 per cent stake in Air Europa March 17, 2022 British Airways’ owner IAG offered today a €100m loan to Air Europa in exchange for a 20 per cent stake in the company. The airline said the seven-year unsecured loan would be offered to the carrier’s owner Globalia and, following regulatory approvals, it could be turned into the 20 per cent share. “This agreement will [...]
BA’s South African franchisee Comair returns to the skies following suspension lifting March 17, 2022 British Airways’ (BA) South African franchisee Comair announced today it had restarted operations after a suspension by the country’s aviation authority was lifted. “After a thorough review of Comair’s documentation, the SACAA has lifted the precautionary suspension of Comair’s licence,” said chief executive Glenn Orsmond. “We’re pleased that the situation is finally resolved.” The regional carrier said [...]
Lord Coe enters race to buy Chelsea from Abramovich and eyes seat on the board March 17, 2022 World Athletics chief and long-time Chelsea fan Lord Coe has joined Sir Martin Broughton’s bid to buy the club. London 2012 boss Coe, 65, would take a seat on the club’s board if the consortium is successful, according to reports. Best bids are due in tomorrow with US bank the Raine Group, which is selling [...]
BA’s South African franchisee Comair sees fleet grounded over safety concerns March 16, 2022 The fleet of British Airways’ (BA) South African franchisee Comair was grounded over safety concerns. The South African Civil Aviation Authority (SACAA) decided to revoke the regional carrier’s right to fly indefinitely on Sunday, after a 24-hour ban issued the day before due to fears of engine failures and landing gear malfunctions. “The suspension follows [...]
Covid no more: Heathrow removes mask requirements as BA and Virgin Atlantic prepare to follow suit March 15, 2022 Heathrow announced it has dropped the requirement for passengers and employees to wear a face mask. Travellers, from tomorrow, will no longer need to wear face coverings while passing through the airport, as the policy applies to all Heathrow’s terminals, bus and railway stations. The airport will continue to suggest that its workers – especially [...]
Virgin Atlantic reaps the rewards from oil bet in pandemic rebound March 13, 2022 Virgin Atlantic will offer the same number of seats for customers as this summer as it did in 2019 - prior to the pandemic.
Investors hunt for bargains amid global market turmoil March 9, 2022 Investors have piled into flagging equities in the past week as they hunt for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Jet2 becomes first UK carrier to drop mandatory mask policy March 3, 2022 Passengers are no longer obliged to wear a face mask aboard Jet2 flights, as Jet2 was the first UK carrier to drop the requirement. “It’s no longer a legal requirement to wear a face mask at our airports or onboard our planes,” the airline said in a statement. “However, as per UK government guidance, we [...]