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Holland-Kaye: Heathrow expansion best for Britain, backed by Britain

LONDON, England - LHR Airports Limited CEO John Holland-Kaye today set out why expansion at Heathrow, Britain’s only hub airport, is the best option for the whole of the UK and is backed by organisa | eTurboNews | Travel News |

Landmark deal signed to save jobs at Essex airport | East Anglian Daily Times

Unite national officer Oliver Richardson said the deal should act as a benchmark for the sector. “Unite calls on other companies in the sector to agree to similar job saving agreements which has been achieved despite the absence of a clear plan from government for the restart of the sector.” He called for the government to extend the Job Retention Scheme (JRS) for aviation beyond September to avoid thousands of job losses. A MAG spokesman said the last year had been “the most challenging in our history” and the industry had been hit harder than any other. Tens of thousands of people had already lost their jobs and MAG had “significantly” reduced in size, he said.

Rolls-Royce: Manufacturing giant with Barnoldwick plant reports losses of £3 9 billion

ROLLS-ROYCE has reported a net loss of nearly £4 billion and has warned job losses could be on the horizon. The manufacturing company, which has a major plant in Barnoldswick, saw revenue fall from £15.4 billion to £11.7 billion over the course of 2020, a loss of £3.9 billion. This comes with the aviation industry across the country devastated by the impact of the coronavirus pandemic. Rolls-Royce chief executive Warren East said: “We have taken decisive actions to enhance our financial resilience and permanently improve our operational efficiency, resulting in a regrettable, but unfortunately very necessary, reduction in the size of our workforce. “With the support of our stakeholders we successfully secured additional liquidity with a rights issue, bond issuance and further credit facilities put in place during the year.

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