Latest Boeing 737 MAX defect hit three quarters of fleet, says CFO September 7, 2023 The latest production snag at Boeing will hit nearly three quarters of its bestselling fleet of 737 MAX aircraft, its CFO has said.
GKN Aerospace owner Melrose clears way for new leadership as chief departs September 7, 2023 British aerospace supplier Melrose’s CEO and co-founder Simon Peckham will step down in March after more than 20 years and be replaced by chief operating officer Peter Dilnot, it said today, paving the way for new leadership. The owner of GKN Aerospace, publishing its first set of results after completing the spin-off of Dowlais Group in April, [...]
Network Rail pleads guilty over fatal derailment which claimed three lives September 7, 2023 Network Rail has pled guilty at the High Court in Aberdeen to health and safety failings over a rail crash that claimed three lives.
Jet2 raises profit outlook despite £13m hit from air traffic control chaos September 7, 2023 Jet2 expects to exceed profit forecasts for the year ahead, despite a summer of disruption caused by last weeks’ air traffic control shutdown and rampant wildfires on the Greek Island of Rhodes. Annual pre-tax profits on a constant currency basis are expected to hit between £480m to £520m, after the months of July and August [...]
Direct Line shares soar despite losses after £520m commercial insurance sale September 7, 2023 Direct Line continued to feel the pain of cost inflation, with new boss Adam Winslow faced with a miserable balance sheet
Brexit: Dover port chief calls for transition period ahead of new EU border checks September 7, 2023 The chief executive of the Port of Dover has called for a transition period to avoid significant disruption next year when the EU’s new border control system starts.
M&G injects £31m into holographic car display firm Envisics September 7, 2023 Global investor M&G has given a $40m (£31.9m) boost to Envisics, an augmented reality firm, to help grow their holographic car displays.
Transpennine Success? Tory minister defends nationalising rail operator September 6, 2023 Rail Minister Huw Merriman has said that nationalising Transpennine Express was the right decision after cancellation rates fell dramatically.
Hapag-Lloyd chief warns of ‘rougher seas ahead’ for container shipping September 6, 2023 The Hapag-Lloyd CEO said it is a “challenging market environment” amid “weak” demand for shipping container transport over the last year.
Aviation watchdog launches inquiry into ‘1 in 15 million’ air traffic control failure September 6, 2023 The UK’s aviation regulator has launched an independent inquiry into last week's air traffic control chaos, which grounded thousands of flights.