Virgin Atlantic eyes over 80 new routes at expanded Heathrow
LONDON (Reuters) - Virgin Atlantic is hoping to add over 80 new routes to its network after a third runway is built at London's Heathrow Airport including short-haul and domestic flights, the British airline said on Wednesday. Heathrow's expansion is due for completion in 2026 after lawmakers voted strongly in favour of the third runway in June 2018, although environmentalists and local groups are challenging the plans in court. Virgin Atlantic said it could serve up to 84 new locations from the expanded airport compared to its current 19
LONDON (Reuters) - Virgin Atlantic
Heathrow's expansion is due for completion in 2026 after lawmakers voted strongly in favour of the third runway in June 2018, although environmentalists and local groups are challenging the plans in court.
Virgin Atlantic said it could serve up to 84 new locations from the expanded airport compared to its current 19.
The plans would depend on Britain changing how it allocates slots to airlines. Currently Heathrow is dominated by British Airways owner IAG
"Heathrow has been dominated by one airline group for far too long," said Shai Weiss, chief executive at Virgin Atlantic.
"The third runway is a once in a lifetime opportunity to change the status quo and create a second flag-carrier," he added in a statement. "This would lower fares and give real choice to passengers."
IAG holds more than 55% of take-off and landing slots at Heathrow, with no other airline holding more than 5% of the remainder, Virgin Atlantic said.
The airline, part of Richard Branson's Virgin Group, currently operates long-haul routes to destinations such as New York, San Francisco, Johannesburg and Hong Kong.
But under the plans, it would add domestic routes such as Liverpool and Edinburgh, short-haul flights to Germany, Spain and France as well as long-haul flights to cities such as Jakarta and Panama City.
(Reporting by Alistair Smout; editing by Stephen Addison)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Katanga Johnson WASHINGTON (Reuters) - Global equities set both an intraday high and record close on Tuesday as markets as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation while Wall Street's main indexes wavered before ending little changed. Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn Energy shares were among the best performing during the session as the OPEC+ alliance agreed to hike output in July and gave a bullish forecast.
(Reuters) - Zoom Video Communications Inc reported better-than-expected quarterly revenue on Tuesday, benefiting from steady demand for its video-conferencing platform as people wary of the pandemic continued school and work from home. Zoom became a household name during the pandemic as businesses and schools switched to its video conferencing platform for virtual classes, office meetings and social catch-ups.
By Michele Kambas NICOSIA (Reuters) -Cyprus's ruling conservatives emerged as winners but failed to get an absolute majority in a parliamentary election on Sunday, with voters turning to smaller parties, including a right-wing party with links to Greece's now outlawed Golden Dawn.