UK: TBI ISSUES PROFITS WARNING

Article Abstract:

Airport operator, TBI was prompted to issue a profits warning on 10 March 2000 as shares in the company fell to a three-year-low of GB[pound] 59.5 and profits forecasts for 2000 were reduced from GB[pound] 23.4mn to GB[pound] 17.8mn. The company holds a 25% stake in Luton airport, which has suffered a series of problems including its recent dispute with founder of Easyjet, Stelios Haji-Ioannou.

Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables, United States, Sales, profits & dividends, Process Gas & Liquid Analysis Eqp, Instrument industry, Instrument industry (Equipment), Process control equipment, TBI Corp.

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UK: SETBACK FOR GOVERNMENT'S ATC SELL-OFF PLAN

Article Abstract:

UK government plans to partially privatise air traffic control (ATC) services were dealt a blow on 9 May 2000 when rebel Labour Party MPs voted against the plan. The indications are that the government may now suffer defeat when the Lords debates the Transport Bill. Fears have been expressed that safety could be compromised if shares in the National Air Traffic Service were sold off.

Organizational history

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UK: GOVERNMENT PLAN OVER AIRPORT SLOTS

Article Abstract:

Airlines should be given the opportunity to trade slots at crowded UK airports such as Heathrow and Gatwick, Deputy Prime Minister, John Prescott, stated on 9 November 2000. The plans are contained in a UK government study that expresses opposition to breaking up of Heathrow, Stansted and Gatwick because the dearth of capacity would hinder competitive growth, a move welcomed by owner, BAA. There are 250,000 and 450,000 take-off and landing slots per year at Gatwick and Heathrow respectively and some already trade informally for between GBu 0.5mn-GBu 2mn.

Government regulation (cont), Airports, flying fields, & services

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