£3bn tax loss fuels travel ban backlash: Grounding of planes has blown a huge hole in Treasury coffers, new figures show Figures show the Treasury received £582million in APD between April ’20 and ’21 Wider economy has taken further hit of billions of pounds due to travel shutdown There is hope more European hotspots will … Read more
Dramatic footage shows RNLI lifeboats battling 20ft waves to stop 4,000-tonne cargo ship being dashed against rocks during Storm Barbara The 4,000-tonne Lily B lost power during Storm Barbara while off the Irish coast Three RNLI lifeboats raced through 20ft waves to attach tow lines to the vessel At one stage the Lily B, with … Read more
Tui strikes compensation deal with Boeing for grounding of the 737 Max plane By Daily Mail City & Finance Reporter Published: 21:50 BST, 3 June 2020 | Updated: 22:38 BST, 3 June 2020 Tui said Boeing would provide compensation for a significant portion of the financial impact of the grounding of the 737 Max Tour … Read more
British Airways has struck a deal with its unions to suspend more than 30,000 cabin crew and ground staff in one of the airline industry’s most dramatic moves yet to survive the coronavirus pandemic. With global travel in turmoil as the virus takes hold around the world, BA’s owner, IAG, said it would also cut … Read more
British Airways is expected to announce it will suspend around 36,000 staff as it battles to survive the coronavirus crisis. The airline has reached a broad deal with the Unite union that will include the suspension of 80 per cent of BA’s cabin crew, ground staff, engineers and those working at head office. Crucially however, no staff … Read more