Thursday , 21 October 2021

Daily Archives: November 2, 2008

Lufthansa to take control of British Midland

Kevin Done in London and Gerrit Wiesmann in Frankfurt of the Financial Times report that, Lufthansa is taking majority control of BMI British Midland, which will give it the second largest share of take-off and landing slots at London Heathrow airport, behind British Airways. The deal marks an important step in the restructuring of the European airline industry with the …

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Fuel prices reduce, air fares do not

Thanks to the global reduction in crude oil prices, and reductions in Customs duty (in response to desperate pleas by airlines), Aviation Turbine Fuel (ATF) prices in India, have retreated back to earlier levels of 8 months ago. Today, ATF is priced almost the same as in March 2008, but air fares show no sign of retreating. Airlines had almost …

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