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Read previewBritish Airways unveiled a host of new initiatives at a media event in London on Monday, as part of a $9 billion "transformation." The UK flag carrier was named the world's best airline by Skytrax in 2006, but its reputation has since faltered. With a new seat design, new routes, and upgrades to the Airbus A380, here's how BA is changing. British Airways is rolling out the new seat design to its Airbus A320neo and A321neo jets, used on its short-haul flights. The business-class configuration on BA's new short-haul seats.
Persons: , Sean Doyle, Pete Syme, it's, There's, that's, Neil Chernoff, Francisco —, Chernoff Organizations: Service, British Airways, Skytrax, Business, Airbus, Delta Air Lines, Boeing, Washington Dulles, Dubai Airport, Beta Locations: London, Dallas , Los Angeles, Miami, Dubai, Johannesburg, South Africa, Boston, Washington, Singapore, London Heathrow, Malaysian, Kuala Lumpur, London Gatwick, Bangkok
Shares of oil giants and European infrastructure companies can act as a hedge against inflation while also delivering strong annual growth, according to fund manager Freddie Lait. Lait manages two funds — the Latitude Horizon Fund and the Latitude Global Fund — with more than $750 million of assets collectively and holds all three stocks in both funds. BP SHEL 1Y line The fund manager explained that with oil currently around $85 per barrel, and his assumption of $70-75 long-term, his oil and gas stock picks can generate nearly double-digit annual returns for shareholders. 'Phenomenally interesting' stock Beyond energy names, Lait said his favorite inflation-linked stock is Vinci which he described as "phenomenally interesting." The company operates a mix of toll roads and civil engineering projects with long-term inflation adjustment mechanisms.
Persons: Freddie Lait, Lait, Vinci, Goldman Sachs Organizations: Latitude Investment Management, Shell, CNBC Pro, International Energy Agency, London Gatwick, Atlantic City International, Vinci Locations: Saudi Arabia's, Aramco, Burbank, United States
Read previewA man boarded a plane without a ticket at the UK's second-busiest airport, a second such incident in under two months at London airports. This story is available exclusively to Business Insider subscribers. In a statement shared with Business Insider, Sussex Police, which has jurisdiction over Gatwick, described the event as a "medical incident." The incident is the second time in under two months that a passenger has managed to board a plane at a London airport without a ticket. In December, a British man managed to fly without a passport from London Heathrow Airport to New York.
Persons: , Craig Sturt, Sturt wasn't, Sturt Organizations: Service, Norwegian Air Shuttle, Business, Gatwick Airport, Police, Passengers, BI, Boeing, Sussex Police, Gatwick, Airport, British Airways, Sun, London's Metropolitan Police Locations: London, London Gatwick, Copenhagen, Denmark, Flightradar24, British, New York
A Spanish judge cleared Aditya Verma of a public-disorder charge on Thursday. He had joked about blowing up a plane and faced paying $120,000 after fighter jets were scrambled. But the judge said Verma "could not even remotely assume" his Snapchat message would cause such drama. British security services flagged the message to Spanish authorities, who sent two F-18 jets to follow the plane until it landed. One question left unanswered in the case was how the security services saw Verma's Snapchat message.
Persons: Aditya Verma, Verma, Organizations: Service, BBC, Spanish Defence Ministry, Gatwick, Reuters Locations: London, Spain, British
Per the BBC, he sent a Snapchat: "On my way to blow up the plane (I'm a member of the Taliban)." He is currently facing public disorder charges in Spain after the country's air force scrambled jets. AdvertisementAn airline passenger who prompted the Spanish Air Force to scramble fighter jets after he joked about blowing up the plane he was on appeared in court on Monday, the BBC reported. Advertisement"The intention was never to cause public distress or cause public harm," Verma told the court. According to the Telegraph, Verma told the court he first thought the jets were flanking the plane as part of a military exercise related to the Russia-Ukraine war.
Persons: Aditya Verma, , Verma, Aditya didn't Organizations: BBC, Service, Spanish Air Force, London Gatwick Airport, Facebook Locations: Spain, easyJet, London, Menorca, Russia, Ukraine
This all comes as Larry Fink, 71, is entering what is likely the last chapter of a successful career as cofounder and chief executive of $10 trillion BlackRock. Here's everything you need to know:BlackRock is set to buy Global Infrastructure Partners in its biggest deal in 15 yearsThroughout 2023, Fink signaled that a "transformational deal" was on the cards. He found his target in private equity firm and infrastructure investor Global Infrastructure Partners, the firm announced on Friday. Jessica Tan, head of BlackRocks' sustainability and transitions strategy, will head the global product solutions team in the Americas. Charles Hatami, global head of the financial and strategic investor group that focuses on relationships with large investors like insurers and sovereign wealth funds, will join BlackRock's global executive committee.
Persons: Larry Fink, Fink, Rob Kapito, BlackRock iShares, GIP, Kapito, Goldman Sachs, Goldman, David Solomon's, Ogunlesi, Wells, Mike Mayo, Larry, Stephen Cohen, Salim Ramji, Jessica Tan, Jane Sloan, GIP's, Edwin Conway, Conway, Rachel Lord, Lord, Charles Hatami Organizations: Business, BlackRock, Global Infrastructure Partners, GIP, London Gatwick, Wall Street, Asia Pacific, Securities, Exchange Commission Locations: Sydney, Bayo, Ogunlesi, BlackRock, Americas, Europe, East, India, Asia, Pacific
He's been CEO of European airline easyJet for the past six years. AdvertisementIn a parallel universe, Johan Lundgren would have become a professional musician and never ended up as CEO of one of the world's biggest airlines. "I like people, and I like travel," Lundgren tells Business Insider in a faint Swedish accent during an interview in central London. He spent many years at TUI, one of Europe's biggest travel companies, rising to deputy CEO by the time he left in 2015. AdvertisementIt's the UK's biggest airline and is first or second in many other markets too.
Persons: Johan Lundgren, He's, Lundgren, , Swede, easyJet, Charles de Gaulle, Charles de, It's, I've, didn't, Bob Jordan, EasyJet, Stelios Stelios Haji, he's, that's, Michael O'Leary, Filipo Monteforte, Ryanair's Michael O'Leary, O'Leary Organizations: easyJet, Service, Royal College of Music, Soviet Union, SAS, Southwest Airlines, Ryanair, British Airways, London Gatwick, Southwest, UK's, Airbus, Getty Locations: Britain, London, Stockholm, Leningrad, Russia, Soviet Union, Soviet, TUI, Majorca, Europe, Charles, Paris, Charles de Gaulle, easyJet, Ukraine, Sweden, Canada, Toronto, AFP
CNN —An easyJet flight was canceled and its passengers made to disembark after someone onboard the aircraft apparently defecated on the airplane bathroom floor. As the delay extended, the atmosphere on the packed flight was characterized by “suspense and anger,” Gedhu said. So that’s when the stairs reconnected, and the cleaners came on to deep clean the flooring.”According to Gedhu, passengers remained in their seats during the cleaning process. In September, a Delta Air Lines flight from Atlanta to Barcelona was forced to turn around after a passenger had diarrhea. CNN Travel has also reported on an incident on board an Air France flight from Paris to Toronto in which a passenger discovered potentially toxic blood and feces left over from an incident from a previous flight under his seat.
Persons: Aaran, ” Gedhu, , okayish, , Gedhu, ’ Gedhu, Kitty Streek, ” Streek, EasyJet Organizations: CNN, London Gatwick, CNN Travel, Delta Air Lines, Air Canada, Air Locations: Spanish, Tenerife, London, Atlanta, Barcelona, Air France, Paris, Toronto
CNN —Travelers have been warned that the chaos brought about by a UK air traffic control failure earlier this week will continue for days. After waiting at the airport for an update, Palladino, who lives in the UK, was informed that the flight was canceled. “Due to yesterday’s technical issues suffered by UK Air Traffic Control, there may be some continuing disruption on some routes, including flight cancellations,” reads a statement from London’s Heathrow Airport on Tuesday. Passengers are however advised to check the status of their flight with the airline before travelling to the airport. “Our priority is always to ensure that every flight in the UK remains safe and we are sincerely sorry for the disruption this is causing.
Persons: Mark Harper, ” Harper, NATS, Rosa Palladino, Palladino, , Lee Vanstone, Organizations: CNN — Travelers, Transport, BBC, Air Traffic Services, CNN Travel, Gatwick Airport, Pisa Airport, UK Air Traffic Control, Gatwick, Gatwick LGW, British Airways Locations: Naples, Italy, Pisa
The United Kingdom's air traffic control systems have grounded thousands of flights on one of the busiest travel days of the year. LONDON — A technical glitch which has caused hundreds of U.K. flights to be disrupted could take "days" to fix, causing chaos for passengers during the busy summer travel period. Hundreds of flights were delayed and canceled Monday after a systems failure at the U.K.'s air traffic control services left operators unable to automatically process flight plans. Britain's National Air Traffic Service said several hours later that it had resolved the issue, but warned that it would take time for normal flight schedules to resume. The issue comes during the U.K.'s busy public holiday travel period, with many people returning from summer vacations.
Persons: Juliet Kennedy, Kennedy, Mark Harper, Harper Organizations: LONDON, Air Traffic Service, London's, London Gatwick, BBC Radio, Civil Aviation Authority Locations: Heathrow, Manchester
A TUI plane was meant to fly from the south of Italy to the United Kingdom. But an unscheduled diversion meant it took a detour and stopped off in northern Africa. Passengers had to wait on the runway in Tunisia while the airline delivered a part for another plane. TUI passengers on board a flight from Italy to the UK found themselves unexpectedly diverted to northern Africa, where they remained on a runway for an hour while the airline delivered a plane part. Last December, TUI passengers were left stranded in the wrong country overnight, after their plane made an unscheduled stop due to staff scheduling issues.
Persons: TUI Organizations: Passengers, London Gatwick Airport, Boeing, Google, Independent, Gatwick Airport Locations: Italy, United Kingdom, Africa, Tunisia, Lamezia Terme, Terme, London, Enfidha, Hammamet
Illustration by Yukai Du Strikes, Delays and Lost Luggage: How to Survive Air Travel This Summer With the travel season in full swing, we compiled a guide to help you navigate the year’s most hectic time in the skies. If you don’t care which beach, shop around.” If you haven’t booked summer flights, do it now. For one, avoiding the airports with the highest levels of delays and cancellations last summer may be a good idea. They’re also getting longer inside airport lounges, longtime havens from the masses clogging the terminals at peak times. Standard membership in Priority Pass, a network of 1,300 airport lounges, starts at $99 a year, with each visit costing $35 at that level.
Persons: Yukai Du, we’ve, haven’t, Hopper, What’s, , Laura Lindsay, Ted Rossman, Priceline, Mr, Rossman, Charlotte Douglas, Toronto Pearson, it’s, , Carter Langston, Rhonda Lawson, C.B.P, you’ve, you’re, You’ll, Lawson, Emmanuel Macron, Tomasz Pawliszyn, Jamie Larounis, Larounis, they’re, SITA —, They’re, Eric Goldmann of Atlanta Organizations: Bureau of Labor Statistics, Google, Miami, JetBlue, Heathrow Airport, Amsterdam Schiphol, Gatwick, Air Canada, Labor, Newark Liberty International, La Guardia Airport, Kennedy Airport, Reagan, Miami International, Orlando International, Boston Logan International, Charlotte Douglas International, Toronto Pearson, Federal Aviation Administration, Washington , D.C, Customs, Western, Gulf, Phoenix, Transportation Security Administration, Global, Border Protection, Clear, PreCheck, Heathrow, Air, SNCF, U.S . State Department, Smart, Union, Travelers, New Tech, Airlines, Lufthansa, Siemens, Alaska Airlines, KLM, U.S . Bureau of Transportation Statistics, Apple, The Department of Transportation, American, Venture, Dallas Fort Worth International, JPMorgan Chase, Club, Chase Sapphire Reserve, Americas Locations: Europe, United States, Asia, San Francisco, Jacksonville, Fla, Miami, London, Amsterdam, U.S, La, New York, Washington, Charlotte, N.C, Newark, Orlando, Toronto, Sydney, Jakarta, Frankfurt, Munich, Heathrow, Washington ,, States, Denver, Seattle, Reno, Nev, Gulf Coast, Atlantic, Houston , New Orleans, Atlanta, Luton, T.S.A, , noncitizens, France, Britain, Italy, Germany, Berlin, Dutch, Swiss, Delta, United, Hong Kong, Dallas, Boston, North, Central, South America, Dallas , Newark
So without further ado, these are my top five credit cards as a frequent traveler. My top 5 credit cards as a frequent travelerI use credit card rewards to fund my flights and hotel stays around the world. HyattThe Chase Sapphire Reserve is another iconic travel credit card that took the credit card world by storm when it launched in 2016. Other travel credit cards I keep openI keep a handful of hotel cards open for the annual free night certificate. Read my article to why you should have more than one credit card for more information on creating a credit card stack that works for your needs.
Air India's plans to modernise under new owner Tata
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +3 min
2022June 15 - Campbell Wilson, the New Zealand-born former CEO of Singapore Airlines (SIAL.SI) budget offshoot Scoot takes over as Air India CEO. July 4 - Air India signs a deal to adopt Amadeus IT Group's (AMA.MC) Altea software, including for revenue management. Nov. 2 - Air India completes a deal to acquire 100% of AirAsia India and begins to integrate it with Air India Express as part of a broader restructuring of Tata's airline business. Nov. 29 - Tata says it will merge Air India with Vistara, its joint venture with Singapore Airlines. Feb. 13 - Air India resumes non-stop service between Mumbai and New York, weeks after the launch of non-stop Mumbai-San Francisco.
Online searches by Americans for flights to Europe trips are surging despite soaring air fares, a worsening economic outlook and risks of gridlock at some of the airports in Europe. The travel boom is promising record profit margins at some U.S. carriers, which are ramping up transatlantic capacity to cash in on Americans' thirst for travel to Europe. Travel website Kayak said searches for travel to Europe this summer are up 77% from last year. There is still untapped travel demand for Europe even after a busy summer last year, said Hayley Berg, lead economist at Hopper. Average fare for a round-trip flight to Europe, meanwhile, has risen 31% from last year, Hopper data shows.
LONDON, Feb 28 (Reuters) - Norway-based airline Norse Atlantic (NORSE.OL) said it will add Los Angeles, San Francisco, Washington, D.C., and Boston to its summer schedule from London Gatwick airport this year, as it seeks to benefit from the post-pandemic boom in travel. Passenger demand for travel has surged over the last 12 months and is expected to recover to pre-pandemic levels on most routes in 2023. Norse said it would fly daily to Los Angeles from Gatwick from June 30 with economy return fares from 430 pounds including taxes. When it adds the new destinations later in the summer, it will serve more U.S. cities than any other airline flying from Gatwick, Britain's second-biggest airport. Gatwick's transatlantic connections suffered during the pandemic following the failure of Norwegian and after Virgin Atlantic stopped flying from Gatwick and focused on its operations at Britain's biggest airport, Heathrow.
A train makes its way through the snow in Penistone, South Yorkshire, in March 2022. Passengers face Christmas travel disruption as workers strike over pay and working conditions. LONDON — Passengers traveling into or around the U.K. over the holiday period face significant disruption due to strikes, with the government urging people to reconsider their plans. Airport staff working for the U.K. Border Force are due to walk out from Dec. 23 to 26, and again from Dec. 28 to New Year's Eve. It will impact services at the U.K.'s busiest airport, London Heathrow, as well as London Gatwick, Manchester, Birmingham, Cardiff and Glasgow.
DUBLIN, Nov 7 (Reuters) - Ryanair (RYA.I) on Monday predicted it would eventually become Europe's only major low-cost carrier, with Chief Executive Michael O'Leary claiming a widening gap on costs would make rivals easyJet (EZJ.L) and Wizz (WIZZ.L) takeover targets. "Europe is inexorably moving towards a similar out-turn as North America where you will have three very large, somewhat higher cost, high-fare connecting carriers, and one very large low cost carrier" in Ryanair, O'Leary said. Wizz chief executive Jozsef Varadi, who has always maintained his cost base is comparable to Ryanair's, last week said he did not see his airline as a takeover target. But he said the British airline was being forced by Ryanair to retreat in other markets like Italy and Portugal. Wizz, O'Leary said, was making progress with expansion in the Middle East but was retreating in the face of Ryanair expansion in some parts of its core central and eastern Europe region.
An Easyjet flight had a "near miss" with an "unidentified flying object," according to a new report. The pilot said the plane missed the unmanned flying object by around 10 feet. A report by the UK Airprox Board said the object was likely a drone. A National Air Traffic Services investigation report said the pilot first reported the incident over the radio during the flight. After landing the flight the pilot confirmed the plane had not made contact with the drone and the thud likely came from the cabin, per the report.
On Friday, the Atlanta-based carrier announced eight transatlantic routes returning to its network next summer, including one that hasn't flown since 1993. Boxun Liu / EyeEm / Getty ImagesDelta will start flights between New York and Geneva on April 10 using a Boeing 767-400 aircraft. Getty ImagesDelta will start flights between New York and London Gatwick on April 10 using a Boeing 767-300ER aircraft. picture alliance / Getty ImagesDelta will start flights between New York and Berlin on May 25 using a Boeing 767-300ER aircraft. Getty ImagesDelta will start five-times-weekly flights between Los Angeles and Paris on May 8 using an Airbus A330-900neo aircraft.
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