27 Nov 1998
By newmedia newmedia
We hear of some airlines introducing exclusion clauses in their ticket sale terms & conditions that absolve them of liability for "date-related" disasters. Others are said to be considering grounding their flights on Millennium Eve.
Alarmist nonsense? Maybe not. One FD of our acquaintance says that, whatever else he may be doing on 31 December 1999, he certainly won't be flying in one of those new, high-tech fly-by-wire jetliners, the kind that Airbus and Boeing sell in great numbers. His preferred mode of transport will be the good old Dakota, also known as the DC-3. This 1930s-era piston engined workhorse "is completely mechanical and hasn't got a microchip in it", our FD friend says.
We reckon his advice is worth heeding: the man in question is Norman Renfrew, FD of Manchester Airport plc.
advertisement
Have similiar articles delivered to your email box
advertisement
Email Newsletters
Email Newsletters
Please enter your email below to receive your profile link
advertisement
Search by job title, salary, or location - we only list senior financial roles
The Financial Director Summit 2012 will provide a unique platform in which to share, compare and contrast experiences whilst learning and networking with peers
Our experts provide practical solutions to a number of challenges associated with successful cash management
David Cameron’s veto of the EU Treaty has been hailed as protecting UK business, but will frosty relationships with the EU harm trade, asks Neil Hodge...