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Stock impact report

British Airways opens new Gatwick hangar to cut summer holiday delays [Yahoo! Finance]

INTL CONSL AIRLNS S/ADR (ICAGY) 
NASDAQ:AMEX Investor Relations: iagshares.com
Company Research Source: Yahoo! Finance
British Airways is to open a new maintenance hangar at Gatwick airport as it scrambles to reduce delays to its European summer holiday flights. The £88m hangar, bought from Boeing, will allow BA to carry out repairs at the airport rather than sending planes to facilities scattered around the UK, as it has done in the past. The move to speed up repairs comes after BA was rated the second-worst performer in Europe for cancelled flights last year, with more than 7,000 services lost, according to a survey by Cirium. Disruption has been caused by an aircraft availability crisis, triggered by the grounding of Boeing 787s for unscheduled repairs to their Rolls-Royce engines While the Gatwick hangar will not service the 787s, it will provide much-needed addition Read more
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