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Company Watch - British Airways.


Oct 16, 2006

British Airways British Airways
 in full British Airways PLC

International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines.
 May Raise Pension Injection To Win Deal. British Airways said on Wednesday it was prepared to increase a proposed cash injection into its pension scheme as it seeks to strike a deal with unions over plans to tackle its pension deficit. Oct 11, 2006

British Airways Commercial Director and board member Martin George resigned yesterday after admitting that "inappropriate conversations" concerning the setting of fuel surcharges on long-haul tickets occurred in his department . BA Head of Communications Iain Burns also resigned. Both executives had been on leave since June, when the UK Office of Fair Trading The Office of Fair Trading or OFT is a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforces both consumer protection and competition law, acting as the UK's economic regulator.  and the US Dept. of Justice began investigating fuel surcharges. Oct 10, 2006

Two British Airways officials resign in midst of U.K.-U.S. probe. Two top executives at British Airways have resigned amid a fuel surcharge An overcharge or additional cost.

A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty.
 and airfare air·fare  
n.
Fare for travel by aircraft.

Noun 1. airfare - the fare charged for traveling by airplane
fare, transportation - the sum charged for riding in a public conveyance
 investigation. In June, British regulators raided British Airways as part of a transatlantic investigation conducted with U.S. Department of Justice. The three other carriers that fly directly between London's Heathrow Airport and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 say they were involved in the investigation but are not direct targets. Oct 9, 2006

Editor: Aram Gesar, eMail: edit@AirGuideOnline.com

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Oct 9, 2006
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Publication:Airguide Online
Date:Oct 16, 2006
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