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British Airways parent firm issues profit warning on £121m strike hit

British Airways parent firm issues profit warning on £121m strike hit

Business
The parent firm of British Airways has issued a profit warning on the back of costly strikes at the airline and weaker bookings.International Airlines Group (IAG) said the 48-hour action by pilots earlier this month, which forced the airline to scrap almost all its flights over the two days, cost it an estimated €137m (£121m). It also pointed to a €33m (£29.2m) cost from further passenger disruption as a result of threatened strikes by staff at Heathrow Airport.
Israeli fighter planes participate in British air exercises

Israeli fighter planes participate in British air exercises

Business
Sept. 20 (UPI) -- Israeli fighter planes returned home Friday after their first deployment to Britain for air exercises with planes of the United States and European countries. F-15 planes of the Israel Air Force flew in combat simulations with those of the United States, Germany, Italy and Britain in Exercise Cobra Warrior, a 20-day annual event at the RAF base in Waddington. It was Israel's first participation in the aerial drill and its first time in British airspace. Although the two forces have worked together extensively, the visit by the IAF marks a shift toward a more open relationship with the RAF. Over 50 aircraft, including support aircraft, participated in the event. Israel sent seven F-15 planes, as well as a KC-707 tanker and a C-130J Hercules cargo plane used for logistics...
British Airways strike due to start at midnight

British Airways strike due to start at midnight

Business
British Airways pilots will begin a two-day strike at midnight in their ongoing dispute over pay and conditions. Passengers are being told not to go to airports and BA says most have made alternative arrangements. Both BA and the pilots' union Balpa have indicated that they are willing to start new talks.Nonetheless the vast majority of BA flights taking off from the UK on Monday and Tuesday have been cancelled.There will also be a knock-on effect to flights before and after the strike, because planes and pilots need to be in position for prior and subsequent journeys.Pay disputeIn its most recent announcement, BA said: "we remain ready and willing to return to talks with Balpa." Meanwhile Balpa indicated that "BA pilots could call off strike if airline a...
British aircraft carrier HMS Queen Elizabeth sails to U.S. for exercises

British aircraft carrier HMS Queen Elizabeth sails to U.S. for exercises

Business
Aug. 30 (UPI) -- The British aircraft carrier HMS Queen Elizabeth sailed for the Untired States on Friday, leading a four-vessel squadron to an operational testing exercise. The annual event, this year named WESTLANT 19, will be conducted on the east coast of the United States. The British ships will also visit Canada on the four-month tour. The state-of-the-art aircraft carrier, preparing for operational deployment in 2021, is carrying seven F-35 Lightning II fighter planes and four helicopters, and is accompanied by the frigate HMS Northumberland, the destroyer HMS Dragon and the tanker RFA Tideforce. "It's a massive enterprise of thousands of people that will deploy on this next deployment who will take the next step from being able to operate Lightning aircraft from this ship and put...
Hundreds of jobs saved as British Steel unit sold

Hundreds of jobs saved as British Steel unit sold

Business
By Mark Kleinman, City editor Hundreds of jobs at a British Steel subsidiary will be saved on Friday when a French engineering giant confirms the acquisition of TSP Projects, an infrastructure design consultancy.Sky News has learnt that Systra, which has been engaged in talks to buy TSP for three months, has clinched a deal to buy the business, along with its £70m-plus pension liabilities. The agreement is expected to be announced by Systra and the Official Receiver, which has been managing British Steel since it collapsed into compulsory liquidation in May.A much larger transaction involving the sale of British Steel's wider business, including its vast steelworks in Scunthorpe, remains subject to several weeks of due diligence by Atae