London airports cancel flights to avoid noise on Queen’s funeral September 15, 2022 London airports such as Heathrow and London City are cancelling flights to avoid noise on Monday, the day of the Queen’s funeral. Heathrow has announced it will cut 15 per cent of its daily schedule, i.e. more than 100 flights, while London City will not fly over Westminster. The west London hub – jointly with [...]
Lufthansa in talks with investors over sale of aircraft maintenance business September 15, 2022 Lufthansa is reportedly in talks to sell a stake in its aircraft maintenance business, Lufthansa Technik. According to Reuters sources, the airline is to offload between 20 and 30 per cent of its stake and was attracting more interest from financial investors than rival firms. The airline is also expected to commence talks with private [...]
Tube open for extra hour on Monday as thousands attend Queen’s funeral September 15, 2022 Most tube lines will remain open – in their entirety or partially – for an extra hour on Monday night as hundreds of thousands are expected to attend the Queen’s funeral. The Bakerloo, Victoria, Jubilee, Circle and Hammersmith & City lines will run entire services for the extra hour, with last services leaving at 1am [...]
Rolls-Royce finalises £1.5bn sale of Spanish subsidiary to Bain September 15, 2022 Rolls-Royce has finalised the €1.8bn (£1.5bn) sale of Spanish subsidiary ITP Aero to a group of investors led by private equity giant Bain. Following the £1.5bn sale, shares went up 3 per cent. “ITP Aero will remain a key strategic supplier and partner for Rolls-Royce across both Civil Aerospace and Defence programmes,” Rolls Royce said [...]
Ryanair boss Michael O’Leary to stay until 2028 as airline sorry for ‘mishandling’ press at AGM September 15, 2022 Ryanair’s boss Michael O’Leary is in talks to extend his contract until 2028, as the company said sorry for “mishandling” the press at its AGM this morning. The chief executive told journalists on Thursday that he was hoping to sign the papers by March, subject to agreement on terms. O’Leary also apologised after reporters were [...]
End of an era: Van Beurden leaving as Shell CEO after a decade as gas chief Sawan takes over September 15, 2022 Oil and energy giant Shell confirmed this morning that its chief executive will step down later this year after close to a decade in the top job. Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan. After resigning as chief executive at [...]
Trainline ticket sales boom as travel app focuses on international expansion September 15, 2022 Trainline said group net ticket sales rocket as the travel firm makes a steady post-pandemic recovery, as it focuses on international expansion amid UK train strike disruption. The online ticketing platform said in its half year results that group net ticket sales grew 116 per cent year-on-year (YoY) to £2.2bn, 17 per cent higher than pre-COVID levels. [...]
Heathrow leads EU airports’ charge as passenger volumes treble September 14, 2022 Heathrow is leading the passenger traffic charge at EU airports, as numbers increased by more than 300 per cent in July. Data published today from aviation trade body ACI Europe showed that in July the west London hub was ahead of EU airports, as it reported 6.3 million passengers. On the other hand, Paris Charles [...]
Lufthansa returns private as Berlin offloads remaining stake September 14, 2022 Lufthansa has announced its return to private ownership after the German government sold its remaining 20 per cent in the carrier. “This brings the stabilisation of Lufthansa to a successful conclusion,” said chief executive Carsten Spohr. “Lufthansa is once again fully in private hands.” During the pandemic, the company was saved from bankruptcy by a [...]
‘Harder than the Olympics’: TfL chief on logistics of Queen commemorations September 14, 2022 Transport for London boss Andy Byford has said the network will work hard to deliver a good service for the Queen's commemorations