News Bonanno crime family leader Vincent Asaro is escorted by FBI agents; the Bonanno crime family committed acts of extortion and arson, including the airport heist, a brazen crime made famous by the 1990 film 'Goodfellas'

For more than 35 years the mobsters behind one of the largest cash thefts in US history – a heist so brazen it was used as one of the central themes of the film Goodfellas — seemed to have got clean away.

THE INVESTMENT COLUMN: Record profits but BA hits pockets of turbulence

British Airways discovered long ago that it takes more than another set of record profits to make its shares fly and yesterday was no exception. The market chose to disregard the 9 per cent climb in pre-tax profits last year to pounds 640m, preferring to concentrate instead on the pockets of turbulence that BA is encountering.

Warning on sterling hits BA shares

British Airways shares fell sharply yesterday as the airline warned that the strength of sterling could knock more than pounds 100m off its profits this year.

Lufthansa sale gets green light

The German government is poised to press ahead with enabling legislation that will allow it to sell its remaining 37.5 per cent stake in Lufthansa by the summer.

Airlines boost link

One of the world's largest international air alliances will announce closer ties this week with the launch of an umbrella brand for the grouping, writes Ian Griffiths.

Branson attacks BA's control of Terminal 5

The tussle for Terminal 5 went public yesterday after Richard Branson, chairman of Virgin Atlantic Airways, attacked the decision to hand over the proposed pounds 1.2bn development at Heathrow Airport to British Airways.

travel & outdoors: Sikkim and Bhutan fact file

Getting there

Strike blocks open skies flight path

Ready for take off? Some French aircraft may be grounded but the great EU monetary-union Jumbo is trundling down the runway

Obituary: Otto John

It was something of an international sensation when Otto John turned up on 11 August 1954 in East Berlin.

Maximising the benefits of frequent-flyer schemes

"Ladies and gentlemen, we don't have enough food for everyone, so we are offering the choice of a turkey sandwich or 500 frequent-flyer miles."

Letter: US clouds in `open skies'

Sir: Does Matt Paxton (letter, 9 December) really believe for a moment that a level playing field exists, when an American carrier can fly into London and then on to a European Union market bigger than the United States, but a British carrier can only fly from the US to destinations such as Ottawa and Bogota?

Hijacker jailed for 1977 attack

Suhaila Andrawes, the only Palestinian terrorist to have survived the hijacking of a Lufthansa plane to Mogadishu in 1977, was jailed for 12 years yesterday by a Hamburg court.

Proms: Handel: Semele; Tan Dun: On Taoism, Orchestral Theatre II Royal Albert Hall, London

Monday's Prom, a memorable account of the the oratorio Semele given by William Christie and Les Arts Florissants, was the latest fixture in what is surely proving a perfect summer for lovers of Handel's music. Conducting the work at the Lufthansa Baroque Festival some months back, Ivor Bolton chose to stress the score's strands of character development, chiefly in the figure of the scheming Juno. This performance took up the theme, mezzo Kathleen Kuhlmann's goddess vocally not quite right for the role, but full of theatricality. Into the part of Semele herself, a flat-as-cardboard character, soprano Rosemary Joshua poured so much life and feeling that the music was several times interrupted by spontaneous applause, and no wonder: the liquid embellishments to her Act 3 aria "Myself I shall adore" were as fluent as a nightingale.

Industry view: Airline alliances causing turbulence in open skies

The last limp weeks are dragging before the mass fly-out commences. Gatwick to Majorca, Heathrow to Bangkok, Stansted to Florence - holiday flights rather than business travel are weighing heavily on even the most efficient corporate minds at this time of year.

BA tie-up causes rift over EU rules

There were signs of a rift between the British government and the European Commission last night over who should investigate the proposed alliance between British Airways and American Airlines. The President of the Board of Trade, Ian Lang, said he was altering the law to enable UK authorities to examine the deal under EC competition rules. The DTI said the move, which does not need to be referred to Parliament, would be made by the end of the week.

Rivals say open skies is no answer to BA tie-up

An open-skies agreement to liberalise access to Heathrow Airport would do nothing to curb the monopolistic implications of British Airways' proposed alliance with American Airlines, rival airline operators told MPs yesterday.
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