Virgin puts back deadline for BA
A spokesman for Virgin said: 'If we reach a successful settlement next week we will not take action in the US. But otherwise we will, in the next week or two.' The deadline had been set for last Friday evening.
He said the company was furious that proposals for a settlement leaked out over the weekend. Both sides had agreed not to comment until the end of their talks.
Mr Branson is seeking financial compensation from BA for 'serious commercial damage' done by the dirty tricks affair, as well as the transfer of some BA slots at Heathrow to Virgin and a written undertaking by BA not to repeat its behaviour.
It is understood that during last week BA offered a three-part plan including a pounds 3m payment to cover earlier maintenance delays. Virgin says that its claim is for pounds 6m and that this issue is unconnected to the present dispute.
BA offered to go to arbitration over passenger poaching, but Virgin has rejected this suggestion as unacceptable.
BA also offered to use its influence with the Civil Aviation Authority to help Virgin expand international routes.
A Virgin spokesman said: 'It (the leak) was certainly not from us. We are furious about it.' It is understood that BA was also angry that information about an exchange of letters had emerged before negotiations were complete.
The row is expected to overshadow British Airways' results, due tomorrow. On the day of his appointment as chairman, on the sudden resignation of Lord King, Sir Colin Marshall warned that business had slowed.
BA has new planes starting flying in the spring, as part of its expansion plans. Sir Colin expected business to pick up by the time additional planes arrive.
- 1 Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
- 2 iOS 8 apps and features: eight iPhone settings you need to look at after you install the update
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Scotland could still declare independence – even without referendum, says Alex Salmond
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Khorasan: Muhsin al-Fadhli - the man leading a terror group more feared by US officials than Isis
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Alicia Keys leaks own nude photo 'to create a kinder and more peaceful world'
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...