Financial crisis: AIG sells stake in London City airport
In an earlier post, we noted some of the effects of the AIG demise on the world of travel. Now, a new page has been turned in AIG’s reach into the travel world — the sale of their surprising 50 percent stake in London City Airport.
More international cuts for American Airlines as alliance repositions
The demise of American Airlines’ JFK-Stansted (London) service appears to have taken no one by surprise. The canceled route served its purpose — to drive the new all-business-class airlines into bankruptcy — and is no longer needed.