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Flybe: Government strikes a deal to rescue troubled airline

Flybe: Government strikes a deal to rescue troubled airline

Business
The government has agreed a rescue plan for troubled regional airline Flybe.Ministers agreed to work with Flybe to figure out a repayment plan for a significant tax debt that is thought to top £100m.Meanwhile, the firm's owners have agreed to pump more money into the loss-making airline.Business Secretary Andrea Leadsom said the deal would keep the company operating.That will be a relief to many of the eight million passengers who fly with the airline each year.Flybe services dozens of UK domestic routes that are not flown by other airlines, making it the largest carrier to fly out of some regional airports like Newquay."Flybe plays a critical and unique role in the UK aviation system, supporting the development of the regions, providing essential connect
German airline Lufthansa grounds 1,300 flights amid flight attendant strike

German airline Lufthansa grounds 1,300 flights amid flight attendant strike

World
Nov. 7 (UPI) -- German airline Lufthansa grounded 1,300 flights on Thursday as thousands of flight attendants launched a strike. The strike over pay, pensions and working conditions is expected to last through Friday evening and affects about 180,000 passengers, NPR reported. The flight attendants' union, UFO, agreed to preliminary talks over the weekend but was not expected to end the strike early. UFO issued a statement accusing the airline of not working with them earlier to avoid the need for a strike. "Instead of averting the strike, plans were changed on a massive scale and additional standby services were acquired for the day of the strike," the union said. Lufthansa condemned the strike in a statement before it took effect and offered affected customers the opportunity to rebook ...
Climate change: Which airline is best for carbon emissions?

Climate change: Which airline is best for carbon emissions?

Science
EasyJet has come top of the league for airlines trying to cut carbon emissions to tackle climate change.A report suggests that by 2020 its emissions per passenger kilometre will be less than half that of some rivals.The firm's performance is partly down to its modern, efficient fleet and its push to fill every seat.Companies named as having the weakest plans to cut emissions are Air China; China Southern; Korean Air; Singapore Airlines and Turkish Airlines.EasyJet's aircraft are expected to be emitting 75g of CO2 per passenger km by 2020, compared with 172g for Korean Air.International Airlines Group (IAG), which includes British Airways, is expected to emit 112g. The industry has volunteered to freeze its overall emissions by 2020, and halve emissions by...
Arizona airline Mesa backs rival Flybe proposal

Arizona airline Mesa backs rival Flybe proposal

Business
By Mark Kleinman, City editor An Arizona-based commuter airline is backing a proposal to shore up the finances of Flybe, the struggling regional carrier, in a last-ditch effort to scupper a takeover led by Virgin Atlantic Airways.Sky News can exclusively reveal that Mesa Air Group, which is headquartered in Phoenix, is part of a consortium which has tabled an offer to inject £65m of new equity into Flybe. The rival proposal is understood to have been submitted to Flybe's board, chaired by Simon Laffin, on Tuesday afternoon. Image: Flybe chairman Simon Laffin People close to the company said the refinancing plan was being led by Bateleur Capital, an investment firm which focuses on industries inc...
UK regional airline Flybmi ceases operations

UK regional airline Flybmi ceases operations

Business
British regional airline Flybmi has cancelled all its flights and filed for administration, the airline has announced.The company said it had been badly affected by rises in fuel and carbon costs and uncertainty over Brexit.The East Midlands-based airline, which has 376 staff, operates 17 planes flying to 25 European cities.Affected passengers have been told to contact their travel agents or insurance and credit card companies.A Flybmi spokesman said: "It is with a heavy heart that we have made this unavoidable announcement. "The airline has faced several difficulties, including recent spikes in fuel and carbon costs, the latter arising from the EU's recent decision to exclude UK airlines from full participation in the Emissions ...