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…
Thomas Cook has approached the UK government for a bailout to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal. The travel group was locked in talks yesterday with multiple potential investors which include the government providing a lifeline of £200m as part of the demand from its…
British Airways pilots have called off the next strike in their dispute, scheduled for 27 September 2019 saying “ It was now time for a period of reflection before the dispute escalates further and irreparable damages is done to the brand. We hoped BA would now change its approach and negotiate seriously with a view…
Willie Walsh CEO of British Airways’ parent IAG, is facing grilling by investors over the handling of a 48-hour pilot strike which wipe out more than £80m from profits of the UK’s largest airline. British Airways which was forced to ground 800 flights yesterday, will be under pressure to do the same today as walkout…