IAG Chief Executive Officer Willie Walsh said a turnaround for its Iberia unit in Spain will lead to a profit next year at the subsidiary, which has weighed on group earnings as the company cuts thousands of jobs.
Heathrow Airport Ltd., the owner of London’s biggest aviation hub, said that rival Gatwick airport lacks the connections to support long-haul services to emerging markets as the two vie for the right to add runways and flights.
A controversy over a gift from Libya to the London School of Economics and Political Science shouldn’t stop universities from involvement in countries with autocratic regimes, said Howard Davies , the school’s departing director.
Britain isn’t about to lose its AAA credit rating, and spending cuts to be announced today will show the new government’s resolve to tackle the budget deficit, former Bank of England Deputy Governor Howard Davies said.
Howard Davies said he resigned as director of the London School of Economics and Political Science , where U.S. President John F. Kennedy and billionaire George Soros once studied, to protect the university’s reputation.
London Mayor Boris Johnson said he’ll submit plans to close the U.K. capital’s Heathrow airport on the grounds that it’s too noisy and replace it with a four- runway hub in one of three locations east or north of the city.
London’s Heathrow airport, facing calls for its demolition, should remain Britain’s aviation hub and be allowed to build one more runway to add capacity while diminishing the impact of aircraft noise, its owner said.
The U.K. government commission exploring the future of London Heathrow, Europe’s busiest hub, said it’s pressing ahead to narrow options on how to develop the airport infrastructure around the U.K. capital.