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Cheap flights and low cost airline bmibaby is set to close later this year, and with it the possibility that hundreds of jobs could be axed. The carrier transferred to International Airlines Group, the owners of British Airways, last month, but consultations have now started with unions about its closure in September. The GMB union [...]
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Thomas Cook is near finalising a £1.2 billion refinancing agreement that will give the company another two years of breathing room to turn its business around. A group of 17 banks that includes Barclays and Royal Bank of Scotland is anticipated to approve loan extensions until 2015. The deal is seen as good news by [...]
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