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airlines

October 6, 2017

Monarch collapse causes chaos; family business trust on ‘foundation of sand’; and BMW told to refund bogus fee

Monarch collapse causes chaos

A brief “sorry” message on a bland website spells the end for an airline which has flown millions of Britons to exotic locations.

The UK’s fifth biggest airline was placed into administration on 2 October, stranding more than 100,000 holiday makers and forcing UK authorities to carry out the largest peacetime repatriation in history. Another 750,000 passengers had their bookings cancelled.

FB roundup: Bombardier, Dyson, and UK non-doms

September 28, 2017

US regulators side with Boeing in Bombardier row; Dyson to release “radical” EV; and non-doms flee Brexit UK.

US regulators side with Boeing in Bombardier row

Family-controlled Bombardier has called a proposed import duty on its new US fleet “absurd and divorced from reality”, in the latest chapter of its spat with American rival Boeing.

The US Commerce Department this week sided with Boeing in the dispute, proposing punitive tariffs of up to 219% on Bombardier’s C-Series jet, which Boeing claims is being sold in the US below cost thanks to subsidies and bailouts from the Quebec, Canadian and UK governments.

FB Roundup: Virgin Atlantic, Akka Technologies, and Raymond Sackler

August 3, 2017

Richard Branson sells majority stake in Virgin Atlantic, 'Dividend darling' Akka's revenue up 21%, and Pharmaceutical entrepreneur Raymond Sackler dies

Richard Branson sells majority stake in Virgin Atlantic

Richard Branson is to loosen his grip on Virgin Atlantic, selling 31% of the company to Air France-KLM for $291 million(£220 million).

The billionaire, whose flamboyance is synonymous with the Virgin brand, would retain a 20% interest, with US carrier Delta controlling the remaining 49%.

Come fly with us: The world’s best first class and business class airlines

April 4, 2017

The world’s leading airlines compete fiercely for wealthy passengers by offering the level of luxury more commonly seen in five-star hotels. But how do these experiences compare and are they what you really want? Margie Goldsmith turns left at the aeroplane door

If you think gourmet dining on fine china and heading to bed in a private accommodation with soft bedding only happens in a luxury hotel, think again. These days, you can find the most extravagant amenities on first and business class airlines.

Korean Air third-gen resigns after macadamia nut row goes public

December 10, 2014

The third-gen vice president of Korean Air has resigned after she delayed one of its flights because an air steward served her macadamia nuts in a bag, rather than on a plate.

The third-gen vice president of Korean Air has resigned after she delayed one of its flights because an air steward served her macadamia nuts in a bag, rather than on a plate.

Heather Cho, 40, is the eldest daughter of Cho Yang Ho, who is chairman of the airline, and its parent company Hanjin Group.

In a flight from New York on 5 December, Cho berated a junior steward for the way he had presented the nuts, and insisted the plane taxi back the terminal so he could be removed from the flight.

Families come together to form 11th largest airline

August 16, 2010

Two family business dynasties have come together to form a new airline in South America in a move designed to take advantage of the growing demand for air travel in the region.

Two family business dynasties have come together to form a new airline in South America in a move designed to take advantage of the growing demand for air travel in the region.

The Cueto family, who own around 34% of LAN of Chile, and the Amaro family, who have a similar holding in Tam of Brazil, will together control around 38% of the new airline, called Latam Airline Group, making them the group's largest shareholders. The Cueto family will have the largest stake of the new airline, at 24%.