Currently VAT (sales tax) is levied at the rate of 20% in the UK. At airports where there is a ‘duty free zone’ the majority but not all retailers pass on a 20% reduction in price to the consumer if they are travelling outside the European Union (EU) according to revelations in a major UK […]
Airport retailers requested to pass on tax savings to customers Read More »
Waypoint Leasing, an independent global helicopter leasing company, announced the opening of its Latin American office in January 2016, which will be headed by Waypoint Leasing executive, Steffen Bay. Waypoint Leasing’s Latin American office, which will be located in Rio de Janeiro, will further bolster the firm’s presence across the region, where the company has
Waypoint Leasing opens Latin American office, expanding global reach Read More »
Despite assurances that further job cuts would be a last-resort measure, Thai Airways International has announced the loss of 1,400 jobs from its original workforce of 25,000, with the possibility that that number could be further reduced to 20,000. This reduction in numbers is described by Thai Airways as “part of a cost-reduction exercise …
Thai Airways cuts 1,400 jobs as it struggles to become profitable Read More »
SkyWest Airlines’ pilots accepted a three-year pay agreement, securing top compensation and work rules in the regional industry. The agreement, for which the strong majority of pilots voted in favor, is effective immediately and runs through mid-2018. The new agreement provides salary increases for all pilots, a substantial increase to first-year pay, guaranteed profit sharing
Known as the Sage of Oregon, Warren Buffet, owner of investors Berkshire Hathaway, has continued his heavy investment in American companies. This time he has used over half of his company’s financial resources of $67bn with the purchase of Portland, Oregon-based Precision Castparts, which manufactures nuts, bolts and other fasteners, commercial and military airframe aerostructures,
Buffet makes biggest ever investment in buying Precision Castparts for US$37.2bn Read More »
United Airlines launched United Ground Express, a wholly owned subsidiary, to provide ground handling services at select airports. Although it is a separate company from United Airlines, United Ground Express will align with United’s flyer friendly customer service philosophy. United Ground Express recently began recruiting to place qualified applicants in available positions and launched a
United Airlines launches 'United Ground Express' Read More »
BGS, an international provider of ground handling and aircraft fuelling services, announced its expansion to the Estonian market. The company is expecting to service its first customers at Tallinn Airport already in October, 2015. The newly established subsidiary of BGS named Baltic Ground Services EE OÜ will launch its operations by offering JET A-1 into-plane
BGS expands to Estonia Read More »
Africa has been a dormant market for the Chinese airline industry since the loss-making China Southern’s Beijing-Dubai-Lagos route was suspended back in 2009 after the airline made a loss of CNY400m (US$64m). However a change in Chinese government policy now sees the implementation of a number of measures to break into the African market. China
Chinese carriers face severe challenges over African market expansion Read More »
After an extensive integration process following the association of LAN Airlines and TAM Airlines – during which the Group made great advances in achieving synergies for internal processes, network optimization, and fleet restructuring and modernization – LATAM Airlines Group has decided to adopt a single name and identity and announces that the new brand for
LATAM, the new brand for LAN Airlines and TAM Airlines Read More »
Aberdeen-based bmi regional and Glasgow-based Loganair, two regional UK carriers, are to merge and form a new holding company, Airline Investments Limited (AIL). AIL now becomes a regional airline group having 46 aircraft which carry approximately 1.5 million passengers on an annual basis. The two airlines currently turn over around £200 million (US$310m). The combination
Economies of scale see bmi regional and Loganair merge to create new airline group Read More »
