London Gatwick News
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Ryanair Holdings Plc, Europe’s biggest discount airline, boosted full-year profit 13 percent as it added routes and planes to target short-haul markets in which full-service operators are struggling to stem losses.
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EasyJet Plc, Europe’s second-largest discount carrier, said it will deliver improved returns and profitability in the full year after a drive to secure more business travelers helped pare fiscal first-half losses.
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Flybe Group Plc rose 13 percent, leading advancing stocks on the FTSE All-Share Index, after Europe’s biggest regional airline said it’s in talks to sell take-off and landing slots at London Gatwick airport.
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London’s Heathrow Airport will need to cap airline charges at 1.3 percent below inflation over the next five years, following a decade of price increases, the U.K.’s Civil Aviation Authority said.
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Deutsche Lufthansa AG will resume flights from London’s Gatwick airport after a two-decade absence as the German carrier seeks to feed its expanding Frankfurt hub.
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British Airways could add more wide- body planes at London’s Gatwick airport in a review of capacity at a base dominated by aging single-aisle jets that generate lower profit margins than operations at its main Heathrow hub.
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Kareem Serageldin, Credit Suisse Group AG’s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion trading book.
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EasyJet Plc Chief Executive Officer Carolyn McCall said Boeing Co. stands a realistic chance of winning a large fleet order to reclaim a customer that it lost to Airbus SAS more than a decade ago.
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BAA Ltd., the owner of London’s Heathrow airport, will likely have to sell two of its U.K. airports after the Supreme Court refused to hear an appeal of a decision by a competition regulator.
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BAA Airports Ltd., the owner of London’s Heathrow Airport, will disclose “shortly” whether it plans to sell Edinburgh or Glasgow airport.
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