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Tilton to groom US Airways chief if deal goes ahead

United Airlines’ chief executive Glenn Tilton has offered to make US Airways’ Doug Parker a top contender to succeed him should the two carriers agree to merge, people familiar with the matter said.

Heathrow slots could help to lift value of BMI

BMI British Midland is expected to become the first airline to place a balance sheet value on its holding of take-off and landing slots at London Heathrow airport

FirstGroup completes placing

FirstGroup, Britain’s leading bus and rail operator, completed a £236m share placement as it positioned itself for further US expansion

Fresh model for Royal Mail funding

The service should be allowed to raise capital from the private sector to gain access to the finance and expertise it needs to survive, says the UK postal regulator

Enterprise Inns hit by smoking ban

Pressure on consumer spending also weighs as pre-tax profit falls by a third

Demand proves resilient for Tui

Summer holidays appear to be one luxury Britons are unwilling to forgo

BAA replaces Heathrow chief

Mark Bullock, managing director of Heathrow airport since November 2006, has become the first senior executive to leave BAA since the appointment of a new group chief executive

Open skies negotiators check in for round two

The European Union and the US will lock horns in Slovenia in a renewed attempt to break down long-standing barriers to a full liberalisation of transatlantic aviation

FirstGroup moves to raise £200m

Bus and rail group in equity placing aimed at bolstering its balance sheet after £1.9bn acquisition of Greyhound operator Laidlaw last year

Fuel system is focus of 777 crash inquiry

Investigators probing the BA jet crash in January are looking at problems in fuel systems both within the aircraft and inside the engines themselves as the possible cause

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Editorial comment

Low fare, high cost

Oasis Hong Kong Airlines

It is an unpleasant time to own an airline. Yet the romance of aviation lures entrepreneurs to keep launching them and financiers to keep backing them

LEX

London’s airports

Lex

Breaking up BAA’s ownership is being seen as an answer to problems suffered by passengers using London’s airports. But would it really help?

SPECIAL REPORTS

Transport and Logistics 2008

Inside this issue: three big companies are seeking ways to respond to the US slowdown while big things are planned for the Atlantic-Pacific link

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