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18/09/2001
Airline bosses in crisis talks with Transport Secretary
UK Transport Secretary Stephen Byers has met with airline bosses to discuss the damage that last week’s terrorist attacks in the US has caused to the industry.
The meeting follows news that the UK’s second largest long haul airline, Virgin Atlantic is to shed 1,200 jobs - 13 per cent of its workforce - and that over 60,000 employees at British Airways are awaiting a similar announcement of job cuts.
The bosses of both companies have called on the UK government to give financial support to the airlines. Responding to the calls, Mr Byers has promised to set up a committee immediately to examine issues including airport tax, insurance and fuel costs.
Discussions to offer financial aid packages are already underway in the US and the European Union. The British Airline Pilots Association (BALPA), which represents almost all Britain’s airline pilots, said the UK government should give financial support to the airlines. US airlines have requested $24bn in financial aid from the American government.
According to the White House, President Bush has ordered a ‘comprehensive’ package to support the industry, although details of precise measures have not yet been revealed. (CD)
The meeting follows news that the UK’s second largest long haul airline, Virgin Atlantic is to shed 1,200 jobs - 13 per cent of its workforce - and that over 60,000 employees at British Airways are awaiting a similar announcement of job cuts.
The bosses of both companies have called on the UK government to give financial support to the airlines. Responding to the calls, Mr Byers has promised to set up a committee immediately to examine issues including airport tax, insurance and fuel costs.
Discussions to offer financial aid packages are already underway in the US and the European Union. The British Airline Pilots Association (BALPA), which represents almost all Britain’s airline pilots, said the UK government should give financial support to the airlines. US airlines have requested $24bn in financial aid from the American government.
According to the White House, President Bush has ordered a ‘comprehensive’ package to support the industry, although details of precise measures have not yet been revealed. (CD)
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25 September 2001
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Ryanair, one of Europe’s leading budget airlines, has spoken out about the need for smart economic strategies rather than state aid as the solution to the current crisis facing the airline industry.
18 October 2011
Etihad To Buy Govt Aer Lingus Stake?
Talks are reportedly underway between the Irish Government and a Middle Eastern airline, which have expressed interest in the Governments 25% stake in Aer Lingus. According to the Financial Times, a meeting between James Hogan,the Chief Executive of Etihad and Taoiseach Enda Kenny,at an investment conference in Dublin, sparked interest.
Etihad To Buy Govt Aer Lingus Stake?
Talks are reportedly underway between the Irish Government and a Middle Eastern airline, which have expressed interest in the Governments 25% stake in Aer Lingus. According to the Financial Times, a meeting between James Hogan,the Chief Executive of Etihad and Taoiseach Enda Kenny,at an investment conference in Dublin, sparked interest.
03 April 2002
German firm to create 50 new jobs for Waterford
Up to 50 new jobs are to be created in Waterford over the next four years following a €10 million investment by German firm, Guehring oHG Albstadt.
German firm to create 50 new jobs for Waterford
Up to 50 new jobs are to be created in Waterford over the next four years following a €10 million investment by German firm, Guehring oHG Albstadt.
19 March 2002
Airline sector exhibits first signs of recovery in traffic
Tentative signs of recovery in the airline sector have been bolstered by British Airways’ decision to restore part of its transatlantic services. From April, BA is to reinstate its transatlantic Concorde flights during the week, which will see Heathrow-US air traffic levels back to normal after the events of September 11.
Airline sector exhibits first signs of recovery in traffic
Tentative signs of recovery in the airline sector have been bolstered by British Airways’ decision to restore part of its transatlantic services. From April, BA is to reinstate its transatlantic Concorde flights during the week, which will see Heathrow-US air traffic levels back to normal after the events of September 11.
16 October 2001
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
Irish government lobby EU to permit airline aid
The Irish government has stepped up its pressure on the European Commission to allow it to aid troubled airline Aer Lingus. Public Enterprise Minister Mary O`Rourke has been fighting for the right to provide financial assistance for the national carrier at a meeting of the European Union Transport Council in Luxembourg.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
