Flybe, the largest operator of UK domestic routes, with almost two in five flights, has been saved from the brink of collapse after the government reached agreement on a rescue deal for Europe’s largest regional airline. Andrea Leadsom, business secretary, confirmed a deal with the troubled airline’s owners after days of talks. The deal includes…
A Ukrainian Boeing -737 PS752 flight to Kyiv carrying 176 people has crashed in Iran at 06:12 local time (02:42GMT) Debris and engine parts from the Boeing 737-800Ng plane were found 10km from the Tehran Imam Khomeini airport. The majority of passengers were from Iran and Canada.
Google has overhauled its global tax structure and consolidated all of its intellectual property holdings back to the US, putting an end to the winding-down of a loophole estimated to have saved the US groups hundreds of billions of dollars. The company said this week that the move was designed to simplify its corporate tax…
The Bek Air passenger has crashed in Kaxakhstan at 07:22 (01:21 GMT) killing 12 people leaving dozens of survivors. The Fokker 100 aircraft was flying from Almaty – Kazakhstan’s largest city to the capital Nur-Sultan when it smashed into a building just after take off with 93 passengers and five crew on board. The…
Dennis Mullenburg CEO of Boeing has been replaced after he repeatedly failed to gain control of the crisis that followed the fatal crashes of two of its 737 MAX jets. Mr David Calhoun a board director for the past decade who replaced Mr Mullenburg as chairman two months ago, will take the helm from mid-January,…
28 people have died after a passenger plane crashed into houses in Goma City in eastern Democratic Republic of Congo according to locals. Nine family members on the ground and 17, passesngers and two crew members were among the victims. The small aircraft went down in the Mapendo neighbourhood after “missing” its take-off from the…
Thomas Cook’s CEO Peter Frankhauser tells MPs that government refused to support rescue plan led the178-year-old travel company’s collapse. He had spoken to ministers in the government of Bulgaria, Spain, Greece and Turkey in Thomas Cook’s final week – but not the UK as the company tried to piece together a rescue plan. A committee…
When Thomas Cook folded suddenly leaving customers and staff stranded all over the world. Certain airlines wanted to charge Thomas Cook staff £10, 000 each to return home. But Virgin Atlantic flew Thomas Cook crew home free of charge in upper class. Employers would not go this far to help staff let alone staff…
Thomas Cook would have run out cash within days according to a court witness statement by its Chief Executive. The travel group was facing demands of almost £500m from a long list of hotel partners and creditors at the end of September 2019 according to insolvency documents filed by the company. It was left with…
Andrea Leadsom, business secretary, wrote a letter to Dean Beale CEO of Insolvency Service has asked to launch a probe into the collapse include the role of management who were criticised for taking big salaries while overseeing the group’s decline. CEOs at Thomas Cook took home £18.7m of pay over the past 10 years, according…