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Deal to double flights between London and China takes off

  Bloomberg Britain announced an agreement to double the number of flights allowed to operate between UK cities and China as Prime Minister Theresa May’s government seeks to boost inter-continental transport links following June’s vote to quit the European Union. Passenger services can now increase from the current maximum of 40 a week for carriers from each nation to as ...

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American Airlines limits growth to raise fares

  Bloomberg American Airlines Group Inc. trimmed expansion plans in an effort to bolster fares and placate investors by keeping capacity in line with demand. The carrier also joined United Airlines in providing preliminary third-quarter results of a key financial measure that were better than their forecasts, indicating that U.S. carriers are moving closer to increasing sales from each seat ...

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Monarch Airlines receives £165mn cash boost to keep flying

  London / AFP British airline Monarch on Wednesday won a cash injection from its owner, allowing the carrier to continue flying holidaymakers amid Brexit-fuelled industry turbulence. Investment firm Greybull Capital has pumped another £165 million ($203 million, 184 million euros) into Monarch, enabling the airline to retain its licence to carry on selling package holidays, it said in a ...

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