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Business News Archive - September 18, 2008

By JULIA BRADSHAW City councillors have backed a draft plan to expand Exeter International Airport, subject to a package of measures including guarantees on noise reduction and limits on night flights.

By Matt Chorley London Editor Nick Clegg was last night facing the wrath of Westcountry pensioners after claiming the retired are forced to get by on just pounds30-a-week. Wally Cotgrave, who will be 70 tomorrow, used a TV phone-in to ask Mr Clegg if he knew the level of the basic state pension.

By The Associated Press NEW YORK - The Federal Reserve forged an extraordinary $85 billion rescue Tuesday night of insurance giant American International Group Inc., offering a respite from two days of chaos in the American financial system.

The owners of East Midlands Airport may be poised to put in a bid for Gatwick Airport after it was put up for sale. BAA, which owns Gatwick, announced that it had put it up for sale this morning.

CBS teams up with Sojern to promote "The Amazing Race" via online boarding passes from its leading airline partners. This national advertising campaign, which kicked off earlier this month, promotes the Sunday, Sept.

KOTA KINABALU: Malaysia Airlines' subsidiary, MAS-wings, affirmed its role in providing greener travel options when its new low- emission aircraft, the 68-seater ATR 72, took to the skies yesterday. The use of the aircraft also fitted in with Sabah's focus on eco- friendly tourism.

Business News IN BRIEF *The European Commission has endorseda partial privatisation of Greece's loss-making flag-carrier, Olympic Airways, but with the proviso that 850m (671m) of state aid be repaid.

Business News IN BRIEF *Britain's second-largest airport, Gatwick, was put up for sale yesterday as its owner, BAA, sought to present itself as "realistic" and "pragmatic" in the face of calls for it to be broken up.

Business News IN BRIEF *Andy Harrison, above, the chief exeuctive of easyJet, predicted a contraction of between 2 and 4 per cent in the aviation industry this winter, as the budget airline confirmed forecasts of a 40 per cent drop in its profits.

By Graeme Brown The cost of a break in the sun is set to rise as the holiday sector struggles against high fuel costs and weak consumer confidence.

Word of the Day
swell-mobsman
  • A member of the swell-mob; a genteelly clad pickpocket. Sometimes mobsman.
Use of the word 'swell-mobsman' dates at least to the early 1800s.