UK airport operator bought by Canadian pension fund for £1.5bn November 13, 2024 An operator of UK airports has been bought by Canadian pension fund PSP, with the firm set to take over Glasgow, Aberdeen and Southampton airports in the £1.5bn deal. AviAlliance, a private airport operator which is wholly owned by the Public Sector Pension Investment Board (PSP Investments), announced the takeover of AGS Airports today. The [...]
Top court rejects metro operator’s pay case against Unite and Lynch’s RMT November 13, 2024 The Supreme Court dismissed a Northern rail operator case over transport workers pay against two unions, including one headed by Mick Lynch
Jet2 takes on Easyjet as it launches new routes from UK airport November 13, 2024 Jet2 is parking its tanks firmly on Easyjet’s lawn as it announced its expansion into London Luton Airport – where its rival is headquartered. The Leeds-headquartered carrier is to start operating flights from the transport hub from next April. London Luton Airport will become Jet2’s 13th UK base and will offer 17 destinations. Jet2 said [...]
Avanti West Coast boss insists ‘laser focus’ will help cut cancellations and delays November 11, 2024 Avanti West Coast needs to maintain a “laser focus” on cutting cancellations and delays to its train services, its boss has said. Managing director Andy Mellors also insisted that the operator is “making progress” in improving its performance but that there is “still more to do”. The MD was speaking to the PA news agency [...]
Eurostar’s £39 fare promotion blasted for being misleading – again November 6, 2024 Eurostar has been scolded by the advertising regulator for the second time this year, over how it presented Instagram and Facebook ads for £39 fares.
Plans for new £100m Liverpool train station submitted November 5, 2024 Proposals to build a £100m train station in Liverpool have been formally submitted. Construction work on the Liverpool Baltic station scheme would start next year, if plans are approved, with the site expected to be open by 2027. The station would be located on Merseyrail’s Northern Line and would come after the £80m Headbolt Lane [...]
Eurovision boosts Liverpool John Lennon Airport ahead of Jet2 expansion November 5, 2024 Eurovision helped significantly cut the annual loss at the company behind Liverpool John Lennon Airport as a spike in passenger numbers helped turnover take off. The airport has reported a pre-tax loss of £352,000 for the 12 months to 31 March, 2024, having made a loss of £4.8m in its prior financial year. Newly-filed accounts [...]
How will Reeves’ Budget impact London transport and TfL? November 4, 2024 Debate over Rachel Reeves' first budget has dominated the media. How will it impact Londoners looking to get around the capital?
Ryanair profit tumbles as prices fall and Boeing delivery delays hit capacity November 4, 2024 Ryanair’s half-year profit has fallen 18 per cent amid a dip in the average price of its ticket fares and ongoing Boeing delivery delays. The budget airline reported a post-tax profit of €1.79bn (£1.5bn), even as passenger demand reached a record 115m, up nine per cent year-on-year. Revenue increased one per cent to €8.58bn. However, [...]
Ryanair to cancel one in ten UK flights in 2025 after Budget tax hike November 1, 2024 Ryanair has revealed plans to cut flights to and from UK airports by 10 per cent in 2025. The low-cost airline has said it is making the move after Labour’s decision to increase the tax on airline tickets in the autumn Budget. Criticising the spending statement, Ryanair’s CEO Michael O’Leary said it has “damaged” UK [...]