"When we go in, prices fall," said David Cush, President and CEO of Virgin America, discussing competition in the airline industry; the future of flight and how bigger carriers have driven themselves into bankruptcy, with Sir Richard Branson, Founder & Chairman of Virgin Group. Sir Richard also shares some personal thoughts about former British Prime Minister Margaret Thatcher.
The FAA, which oversees the nation's air-traffic system, said it would keep funding the towers until June 15 in order to resolve legal challenges brought by airports. The FAA must trim roughly 10 percent of its budget by the end of the Sept. 30 fiscal year.
The FAA, which oversees the U.S. air traffic system, must trim roughly 10 percent of its budget by the end of the Sept. 30 fiscal year. The FAA said the decision would not compromise safety because those smaller airports only handle about one percent of commercial air traffic.
*FBI says Rajaratnam arrested Sunday at New York airport. NEW YORK, March 25- Rengan Rajaratnam was arrested Sunday at John F. Kennedy International Airport in New York after FBI agents escorted him on a flight from Brazil, a spokesman for the agency said on Monday.
*FBI says Rajaratnam arrested Sunday at New York airport. NEW YORK, March 25- Rengan Rajaratnam was arrested Sunday at John F. Kennedy International Airport in New York after FBI agents escorted him on a flight from Brazil, a spokesman for the agency said on Monday.
LONDON/ BARCELONA, March 20- Spanish infrastructure firm Abertis is expecting non-binding offers for its airports business before the end of March, in a deal worth about 900 million euros, two sources familiar with the process said on Wednesday.
But many small airports across the United States face losing this extra pair of eyes starting April 1, as budget cuts at the Federal Aviation Administration threaten closure of 189 air traffic control towers.
*700 flights canceled at Washington area airports. Washington could get slammed by its biggest snowfall in as much as two years, with 6 inches to 12 inches expected after the storm moved eastward into the mid-Atlantic states, the National Weather Service said.
*Napolitano says long security lines in Chicago, L.A., Atlanta. Napolitano said mandatory spending cuts ordered on Friday by President Barack Obama have led to the elimination of overtime for Transportation Security Administration officers and customs agents.
*Napolitano says some long lines in Chicago, LA, Atlanta. Secretary of Homeland Security Janet Napolitano on Monday cautioned airline passengers to get to the airport extra early because U.S. spending cuts have already led to long lines at some security checkpoints, and said the coming furloughs will only make the situation worse.
*Napolitano says some long lines in Chicago, LA, Atlanta. WASHINGTON, March 4- Secretary of Homeland Security Janet Napolitano on Monday cautioned airline passengers to get to the airport extra early because U.S. spending cuts have already led to long lines at some security checkpoints, and said the coming furloughs will only make the situation worse.
MADRID, March 4- Workers at Iberia were set to protest at Madrid's Barajas airport at midday on Monday as part of a strike over job and pay cuts at the loss-making airline that will ground nearly 1,300 flights this week.
*Napolitano says some long lines in Chicago, LA, Atlanta. WASHINGTON, March 4- Secretary of Homeland Security Janet Napolitano on Monday cautioned airline passengers to get to the airport extra early because U.S. spending cuts have already led to long lines at some security checkpoints, and said the coming furloughs will only make the situation worse.
MADRID, March 4- Workers at Spain's Iberia were set to ground nearly 1,300 flights in a second round of five-day strikes launched on Monday to protest against deep job and wage cuts at the loss-making airline. Union members clashed with police at Madrid's Barajas airport when the first round of strikes began on Feb. 18.