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Air UK
Air U.K. Limited, branded as AirUK, was a regional airline in the United Kingdom formed in 1980 as a result of a merger involving four rival UK-based regional airlines.World Airline Directory
'''' 26 July 1980 pages 272, 280, 295
British & Commonwealth Holdings owned British Island Airways (BIA) and Air Angli ...
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British Isles
The British Isles are an archipelago in the Atlantic Ocean, North Atlantic Ocean off the north-western coast of continental Europe, consisting of the islands of Great Britain, Ireland, the Isle of Man, the Inner Hebrides, Inner and Outer Hebrides, Outer Hebrides, the Northern Isles (Orkney and Shetland), and over six thousand smaller islands. They have a total area of and a combined population of almost 72 million, and include two sovereign states, the Republic of Ireland (which covers roughly five-sixths of Ireland), and the United Kingdom, United Kingdom of Great Britain and Northern Ireland. The Channel Islands, off the north coast of France, are normally taken to be part of the British Isles, even though geographically they do not form part of the archipelago. Under the UK Interpretation Act 1978, the Channel Islands are clarified as forming part of the British Islands, not to be confused with the British Isles. The oldest rocks are 2.7 billion years old and are ...
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Early 1980s Recession
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, the US savings and loan crisis, and a general adoption of neoliberal economic policies throughout the 1990s. It is widely considered to have been the most severe recession since World War II until the 2008 financial crisis. Background The recession had multiple causes including the tightening of monetary policies by the United States and other developed nations. This was exacerbated by the 1979 energy crisis, mostly caused by the Iranian Revolution which saw oil prices rising sharply in 1979 and early 1980. The sharp rise in oil prices pushed the already high rates of inflation in several major advanced countries to new double-digit highs, with countries such as the United S ...
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Flag Carrier
A flag carrier is a transport company, such as an airline or shipping company, that, being locally registered in a given sovereign state, enjoys preferential rights or privileges accorded by that government for international operations. Historically, the term was used to refer to List of government-owned airlines, airlines owned by the government of their home country and associated with the national identity of that country. Such an airline may also be known as a national airline or a national carrier, although this can have different legal meanings in some countries. Today, it is any international airline with a strong connection to its home country or that represents its home country internationally, regardless of whether it is government-owned. Flag carriers may also be known as such due to laws requiring aircraft or ships to display the state flag of the country of their Flag state, registry. For example, under the law of the United States, a U.S. flag air carrier is any ...
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Air Transport
Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' include fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air aircraft such as hot air balloons and airships. Aviation began in the 18th century with the development of the hot air balloon, an apparatus capable of atmospheric displacement through buoyancy. Clément Ader built the "Ader Éole" in France and made an uncontrolled, powered hop in 1890. This was the first powered aircraft, although it did not achieve controlled flight. Some of the most significant advancements in aviation technology came with the controlled gliding flying of Otto Lilienthal in 1896. A major leap followed with the construction of the ''Wright Flyer'', the first powered airplane by the Wright brothers in the early 1900s. Since that time, aviation has been technologically revolutionized by the introduction of the jet engine which enabled aviation ...
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European Union
The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The union has a total area of and an estimated population of over 449million as of 2024. The EU is often described as a ''sui generis'' political entity combining characteristics of both a federation and a confederation. Containing 5.5% of the world population in 2023, EU member states generated a nominal gross domestic product (GDP) of around €17.935 trillion in 2024, accounting for approximately one sixth of global economic output. Its cornerstone, the European Union Customs Union, Customs Union, paved the way to establishing European Single Market, an internal single market based on standardised European Union law, legal framework and legislation that applies in all member states in those matters, and only those matters, where the states ...
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Liberalisation
Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used most often in relation to economics, where it refers to economic liberalization, the removal or reduction of restrictions placed upon (a particular sphere of) economic activity. However, liberalization can also be used as a synonym for decriminalization or legalization (the act of making something legal after it used to be illegal), for example when describing drug liberalization. In economy and trade Economic liberalization refers to the reduction or elimination of government regulations or restrictions on private business and trade. It is usually promoted by advocates of free markets and free trade, whose ideology is also called economic liberalism. Economic liberalization also often involves reductions of taxes, social security, an ...
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Ian Allan Publishing
Ian Allan Publishing was an English publisher, established in 1942, which specialised in transport books. It was founded by Ian Allan. In 1942, Ian Allan, then working in the public relations department for the Southern Railway at Waterloo station, decided he could deal with many of the requests he received about rolling stock by collecting the information into a book. The result was his first book, ''ABC of Southern Locomotives''. This proved to be a success, contributing to the emergence of trainspotting as a popular hobby in the UK, and leading to the formation of the company.Ian Allan…the man who launched a million locospotters '' The Railway Magazine'' issue 1174 February 1999 pages 20-27 The company grew from a small producer of books for train enthusiasts and spotters to a large transport publisher. Each year it published books covering subjects such as military and civil aviation, naval and maritime topics, buses, trams, trolleybuses and steam railways, includi ...
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Controlling Interest
A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the majority of the voting shares, other present circumstances can be considered to determine whether that party is still considered to hold a controlling ownership interest. In the United States, Delaware corporations have a 2/3 vote requirement for a motion to pass. In theory, this could mean that a controlling interest would have to be over two-thirds of the voting shares. A 2019 study published in the Virginia Law Review said dual-class stock structures, common to newly public technology companies, creates governance risks and costs, including the potential loss of economic value for non-voting shares held by public investors. See also * Consolidation (business) * Holding company * Minority interest * Parent company * Subsidiary A subsi ...
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Eagle Star Insurance
The Eagle Star Insurance Company plc (formerly Eagle Star Insurance Company Limited) was a leading British insurance business. It underwrote the full range of risks including liability, fire, accident, marine, motor, life, contingency and Pluvius (weather) insurance. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. History The Company was founded by Edward Mountain in 1904 as the ''British Dominions Marine Insurance Company'', which operated as a marine insurance office in the five principal overseas Dominions. It started writing fire and accident policies in 1911 and life assurance policies in 1916. It expanded rapidly in its early years acquiring ''the Eagle'' (founded by Sir William Rawlins in 1807) in 1916 and both ''the Sceptre'' (founded in 1864) and ''the Star'' (founded in 1843) in 1917. It was renamed the ''Eagle Star & British Dominions'' in 1917 and ''Eagle Star'' in 1937. For many years its Head Office was at the prestigious ...
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British United Airways
British United Airways (BUA) was a private, independentindependent from government-owned corporations airline in the United Kingdom formed as a result of the merger of Airwork Services#Origins, Airwork Services and Hunting-Clan Air Transport in July 1960, making it the largest wholly private airline based in the United Kingdom at the time. British and Commonwealth Holdings, British and Commonwealth Shipping (B&C) was the new airline's main shareholder. At its inception, BUA assumed the aircraft and operations of its predecessors. These included a fleet of 90 assorted fixed-wing aircraft and helicopters that continued to operate mainly non-scheduled services. Gatwick Airport, Gatwick became BUA's main operating base while Stansted Airport, Stansted was the main base for trooping flights until 1964. An order for ten BAC One-Eleven jet aircraft in May 1961 launched BUA's fleet re-equipment programme in support of its long-term policy to develop primarily as a scheduled airline. ...
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International Air Transport Association
The International Air Transport Association (IATA ) is an airline trade association founded in 1945. IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing. According to IATA, the trade association represents 317 airlines, including major carriers, from over 120 countries. The IATA's member airlines account for carrying approximately 82% (2020) of total available seat miles air traffic. IATA supports airline activity and helps formulate industry policy and standards. It is headquartered in Montreal, Canada, with executive offices in Geneva, Switzerland. History IATA was formed in April 1945 in Havana, Cuba. It is the successor to the International Air Traffic Association, which was formed in 1919 at The Hague, Netherlands. At its founding, IATA consisted of 57 airlines from 31 countries. Much of IATA's early work was technical and IATA provided input to ...
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