Transportinfo.org.uk - today's transport news in the uk, hand picked for you each morning

Friday, 28 July 2017

BBC News

• Airbus cuts superjumbo A380 production againAirbus cuts production of its superjumbo for the second time in a year as new orders dry up.
• Air France-KLM is buying 31% of Virgin AtlanticSir Richard Branson says he will remain involved, but Virgin Group will no longer control the airline.

Financial Times

• IAG shrugs off power failure to soar to double-digit profit rise
• Etihad swings to $1.9bn loss as revenues and yields fall
• Branson gives up control of Virgin Atlantic in alliance rejigFar-reaching deal brings new investors into his UK carrier and Air France-KLM

City AM

• Heathrow's confident of keeping airport charges 'close to current levels' during expansion as first-half earnings flyHeathrow said today it is making "good progress" towards meeting the task set by the government to deliver expansion without bumping up airport charges as it unveiled solid first-half results.
• Richard Branson sells slice of Virgin Atlantic to Air France-KLM for £220m, meaning Virgin is no longer a majority shareholderSir Richard Branson's Virgin Group today relinquished control of Virgin Atlantic, selling a 31 per cent stake in the airline to Air France-KLM for £220m.

London Evening Standard

• Sir Richard Branson sells majority stake in Virgin Atlantic in Air France-KLM dealSir Richard Branson is to sell his majority stake in Virgin Atlantic, the airline has announced.

Yorkshire Post

• Heathrow confident over landing charges freeze despite expansion costsHeathrow’s landing fees are likely to be frozen despite the building of a third runway, the airport has announced.

East Anglian Daily Times

• Jet2.com adds 200,000 more seats to Stansted schedule for summer 2018Leisure airline Jet2.com has added further to its Stansted schedule for summer 2018, with three new routes and extra flights to nine other destinations.

Buying Business Travel

• Heathrow makes vow on airport chargesAirport says it will try to keep charges “close to current levelsâ€�
• Air France-KLM to buy stake in Virgin AtlanticEuropean carrier will purchase 31 per cent shareholding in UK carrier

Aviation Industry

• Air France-KLM, Delta and Virgin plan transatlantic JVAir France-KLM, Delta Air Lines and Virgin Atlantic are moving to create a new transatlantic joint venture (JV) triad that includes Air France-KLM acquiring a 31% stake in Virgin and Delta taking a 10% stake in Air France-KLM. read more
• Airbus delivery target faces supplier challenges in 1HAirbus Commercial Aircraft recorded an EBIT (adjusted) of €954 million ($1.11 billion) in the 2017 first half compared to €1.27 billion for the year-ago half. read more