Babcock & Brown, the US finance group, has emerged as a possible bidder for all or part of Railtrack, the privatised UK rail network operator. The group has been considering financing packages for Railtrack for months.
The proposals, which considered ways that areas of Railtrack could be financed more cost-effectively, had not reached formal discussions when Railtrack was put into administration three weeks ago.
Read MoreQantas, the Australian airline, is to form a strategic alliance with American Airlines and is to buy up to 75 Boeing 737 aircraft ordered by the US carrier to help it meet demand in the domestic market.
The decision, announced on Sunday, is a blow to Airbus which had hoped Qantas, one of only a handful of airlines around the world that is expanding, would choose its A320 rather than the next-generation Boeing 737-800.
Read MoreEasyJet, the UK-based low-cost airline, reported a sharp rise in full-year profits on Monday and announced plans for a share issue to fund its expansion.
The company said pre-tax profits for the 12 months to the end of September jumped 82 per cent to £40.1m ($57m), from £22.1m last year and said it was well positioned to take advantage of the crisis facing most of its full-service rivals.
Read MoreJim Goodwin, chairman and chief executive of United Airlines, resigned on Sunday, becoming the first senior executive casualty of the crisis in the US airline industry.
Two of the largest unions at UAL, which is 55 per cent owned by employee shareholders, called for Mr Goodwin’s resignation last week, after he sent a letter to employees warning that the airline could “perish” next year.
Read MoreVia its subsidiary Hultberg Inrikes Transporter (HIT), Posten has purchased the Dutch carriers Starintex Road Cargo and Gendringen Expedite. The companies operate within forwarding and in-night transportation in the Netherland, Belgium and Germany.
Read MoreIn August 2002, we will open the international communications
market up and intercity connections in 2003. In 2004 the fixed telephony
market will be completely open. Regarding public operators, the Post Office
and Algerie Telecom, we are preparing for competition. Internationally, in
November 2001 the underwater Algiers-Palma cable will be ready. We already
have an underwater Algiers-Marseille cable.
TOKYO, Oct. 28 (Kyodo) _ The Ministry of Public Management, Home Affairs, Posts and Telecommunications plans to open the mailing service to private businesses in a step-by-step manner in fiscal 2003 when a new public entity is to take over the state-run postal service, ministry officials said Sunday.
At present, the Postal Services Agency monopolizes the mailing service, drawing strong calls from parcel delivery firms and other businesses to open the service to the private sector.
Read MoreGovt to abolish funds for special post offices Yomiuri The government announced Friday it would abolish the practice of providing general promotional funds, or watakiri, to about 19,000 government-designated special post offices, beginning in fiscal 2002.
The announcement was made by Public Management Minister Toranosuke Katayama after a Cabinet meeting. Earlier he had said that the practice would be discontinued in fiscal 2003.
Read More
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