[7552] The fallout from the global slowdown in the airline industry is still casting a shadow over airline suppliers, despite the resurgence of budget airlines. L Gardner, the engineering company, said yesterday that it had got rid of its final dividend a

[7552] The fallout from the global slowdown in the airline industry is still casting a shadow over airline suppliers, despite the resurgence of budget airlines. L Gardner, the engineering company, said yesterday that it had got rid of its final dividend and would cut 250 staff in the face of uncertain short-term prospects after the events of September 11. The supplier to Boeing and Rolls-Royce said that it would cut about 10 per cent of its workforce in a cost-cutting drive, announced last month, to pre-empt lower business levels. The group, which generates two-thirds of its income from making aircraft components, also said it felt that it was inappropriate to pay a dividend. Brett Welch, the finance director, said the cost-cutting exercise would help the company when the airline industry returned to normality. Separately, Ryanair, the no-frills Republic of Ireland airline, is expected to confirm Frankfurt as its second European hub today. The move, eagerly anticipated by observers in the airlines sector, would enable the budget airline to step up its efforts to take cost-conscious business passengers from the flag carriers. A 'cost-conscious passenger' wants....

Top Staff.

Fewer fellow passengers.

Night service.

Cost-effective service.