Airline shares splutter as new EU lockdowns spook investors November 24, 2021 The share price of major airlines is on an ongoing downward trajectory as a result of the new wave of Covid-19 infections around Europe which is causing countries such as Austria and the Netherlands to impose lockdown measures. Compared with the last few days, the share price of major carriers such as IAG and Ryanair [...]
Brexit red tape: Risk of 17-mile queues at Dover due to new EU biometrics checks November 24, 2021 A new system for monitoring non-EU travellers entering the bloc’s Schengen Area is scheduled to be implemented in April next year and may lead to delays of 17 miles, an industry insider warned today. Elizabeth de Jong, director of policy at trade body Logistics UK, said it would be “very bad news” if lorry drivers [...]
Volkswagen committee still uncertain over chief executive’s future following row with unions November 24, 2021 The member of Volkswagen’s (VW) executive committee have yet to make a decision regarding the future of chief executive Herbert Diess, following clashes with union representative over his management style. “This topic is so hot, it is on a knife-edge,” a source told Reuters. “I can’t say anything further.” Diess has been at the centre [...]
Robert Courts to meet with Balpa following “completely out of touch” comments November 24, 2021 Aviation minister Robert Courts has agreed to meet with the British Airline Pilots’ Association (Balpa), after the union’s general secretary Martin Chalk criticised him for being “completely out of touch” regarding the state of British aviation “It was obvious from all the contributions on Monday’s Airlines 2021 conference that the industry is desperate for the [...]
UAE in talks with Taliban to run Kabul airport November 24, 2021 The UAE is reportedly in talks with the Taliban regime to operate Kabul airport, in a move that will put Abu Dhabi against Qatar. In an exclusive, sources told Reuters that Emirati officials are moving to assert their influence over the country, snatching it from the influence of Qatar – which alongside, Turkey, has run [...]
Musk offloads another $1.05bn crossing the halfway mark November 24, 2021 Tesla’s chief executive Elon Musk has sold another 934,091 shares for $1.05bn, crossing the halfway point in his plan to offload 10 per cent of his stake in the company US securities filings from late last night showed that Musk carried out the sale after exercising options to buy 2.15 million shares. Since 6 November [...]
Alfa Romeo Formula 1 simulator AB Dynamics booming as revenues hit £65.4m November 24, 2021 AB Dynamics, manufacturer of driving robots and simulators used by the Alfa Romeo Formula 1 team, has registered a 6 per cent increase in revenue, going up to £65.4m in the year ending 31 August. In the second half of the year, the company hit records in terms of order intake and cash generation, with [...]
Brexit: French fishermen may block British vessels’ access to French ports in action this week November 23, 2021 French fishermen may be planning to block British vessels’ access to French ports, after Britain’s refusal to grant more licences to operate in UK waters. France has accused Britain of not dishing out enough permits to French fishermen as part of a post-Brexit deal. “Action is imminent,” warned Olivier Lepretre, president of the organisation that [...]
Green second-hand: a third of Brits considering buying used EV, research reveals November 23, 2021 A third of Brits is considering buying a used electric vehicle (EV) as their next car. Research from Volkswagen Financial Services (VWFS) UK has revealed that 35 per cent of British people are more likely to consider an EV as their next car as a result of the fuel crisis, with 32 per cent stating [...]
Easyjet recruiting 1,500 seasonal cabin crew for summer 2022 November 23, 2021 Easyjet is recruiting 1,500 seasonal cabin crew roles across Europe to serve the ramp up in demand that is expected to take place next summer. Working between March and October 2022, most of cabin crew members will be based in the UK. An additional 250 members will go back to working for Easyjet having operated [...]