rod eddington

We were notified this morning by the Air Accidents Investigation Bureau, an arm of the Civil Aviation Authority that in light of the latest information available to it that it and its French counterpart would tomorrow recommend that the certificate of airworthiness should be suspended. As soon as we heard this, we immediately withdrew the supersonic fleet from service.

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The British CAA (Civil Aviation Authority) was in complete agreement with our decision to resume Concorde's services shortly after the Air France crash.

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The tragic events in the USA will undoubtedly have a significant impact on the demand for air travel in the months ahead, ... We have taken the necessary steps to curtail expenditure and sadly to cut our workforce.

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BA argues that Chapter 11 is used as another form of state aid and keeps the industry bloated at a time when it would benefit from a sharp reduction in airlines. In the last four years, the U.S. airlines have soaked up 15 billion to 20 billion (a12 billion-a16 billion) of public subsidies and loan guarantees, ... They're operating in protected markets, they're hoovering up public funds and still they can't make a profit.

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The figures show our strategy is delivering results, ... Most notably, our new Club World product (flying beds)... continues to push up yields and win market share from competitors.

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In the meantime, we will continue to take steps to improve the performance of our company. Through our fleet and network strategy, through continued product improvement and by working with our established alliance and franchise partners.

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We can survive this, British Airways is a strong company, and will come through this in good shape, but we have to take the necessary tough measures.

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significant change to the size of British Airways as it takes further steps to address its cost base and sets the company on course to achieve a 10 percent operating margin.

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Taxes which doubled the cost of aviation fuel and cost airlines and their passengers 50 billion (96 billion) each year would cut less than 0.5 percent off the growth of air traffic over a 30 year period.

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The luck I've had has all been bad. I've had the Concorde crash, 911,foot and mouth, the Gulf war, Sars and high fuel prices. It might make you doubt my sanity, but I've enjoyed it.

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It's important to staff and customers, it's important to link New York and London.

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We have made real progress in managing our costs but British Airways still faces a number of other considerable challenges some of which were apparent before the terrorist attacks on the U.S.

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The encouraging yield performance shows that our strategy is serving us well and, equally important, is helping us face the difficult market conditions.

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If 50 years of post-war economics has taught us anything, it's this state subsidies preserve bad habits.

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I am confident we will have it (Concorde) back in the air by late summer.

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We are taking a ruthless approach towards poorly performing routes and assets. Those not adding value to improve performance are being removed.

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