Business News Archive - August 15, 2008

By David Prosser BP HAS suffered its most serious setback so far in the battle raging over control of its TNK-BP joint venture, with a Russian court banning Robert Dudley, the unit's chief executive, from holding office in the country for two years.

By Chris Walsh United Airlines will eliminate 272 baggage handlers in Denver as part of the 7,000 jobs it plans to cut across its system. The carrier informed affected workers over the past week, telling the final group on Wednesday. The cuts, which take effect Sept.

By Sarah Arnott British Airways has sealed its alliance with American Airlines (AA) and Iberia over trans-atlantic flights - all that remains is to get past the regulators.

By David Prosser Outlook It's good to know that in a world of perpetual change, there are still a few constants to which we can all desperately cling for stability. Specifically, that come hell or high water, British Airways and Virgin Atlantic will always be at each other's throats.

By Kang Siew Li INTERNATIONAL airports, including the KL International Airport (KLIA) in Sepang, are feeling the effects of rising fuel costs that are plaguing the entire airline industry, but unlike the airlines, they have nobody to turn to.

MUMBAI: Civil aviation pilots and the Director General of Civil Aviation (DGCA), both rested their case on Tuesday in the legal fight before the Bombay high court over the curbs on the rest hours of the cockpit crew.

By CHINMAYI SHALYA MUMBAI: The Mumbai airport witnessed an unusual sight on July 25: two vehicles were ablaze on the main runway 09/27, fire brigade personnel rushed in to control the flames, and security officials ferried 'victims' to safety, first to the airport casualty centre and then to Cooper Hospital.

By Roli Srivastava HYDERABAD: Your commute to the airport just got tougher. Come August 21 and the ride to the airport would be ridden not only with potholes but also an additional detour from the main road, owing to the construction of the PVN Expressway.

By Adolfo Flores After nearly 40 years of providing cars to travel the nation's roads, Eckhaus Fleet LLC plans to travel its skies, as well. Its subsidiary, Eckhaus Leasing Group LLC, has ordered 250 corporate jets from Millennium Aerospace Corp. of Los Angeles in a deal valued at $437.5 million.

SCOTLAND'S newest airport was officially opened yesterday after long delays and escalating costs. Transport minister Stewart Stevenson opened Oban airport, which will provide a link with the isles of Coll, Colonsay and Tiree. The project was started by Argyll and Bute Council in 2002.

Word of the Day
  • A person in a secondary role, specifically the second most important character (after the protagonist).
The word 'deuteragonist' comes from a Greek word meaning 'an actor of second-class parts'.