Airline SAS gets £255m loan guarantee from Denmark and Sweden May 26, 2021 Sweden and Denmark said today that they had agreed to offer ailing airline SAS, in which both countries own stakes, a 3bn Swedish crown (£255m) loan guarantee. The Covid-19 pandemic has seen air travel collapse, plunging the industry into crisis and leaving carriers scrambling to secure funds to weather the slump. SAS said the credit [...]
Ford aims for 40 per cent electric car sales by 2030 May 26, 2021 Ford today said that it was aiming for 40 per cent of its sales to be of electric cars by 2030, sending shares up 7.0 per cent today. The announcement came as the Michigan-headquartered firm unveiled a new strategy, call Ford+, that will see it put $30bn into electrification over the next decade. That is [...]
Nissan ‘in talks’ to build Sunderland battery gigafactory May 26, 2021 Nissan is reportedly in talks with UK ministers over plans to build a new battery gigafactory at its existing site in Sunderland. The new facility, the FT reported, would be run by the Japanese car giant’s subsidiary Envision AESC, and would produce enough batteries for 200,000 electric cars each year. Nissan said it had “no [...]
Island time: Mykonos, Ibiza and Canaries set for UK green list even if mainland Greece and Spain stay amber May 26, 2021 Island time: Mykonos, Ibiza and Canaries set for UK green list even if mainland Greece and Spain stay amber
Norwegian Air emerges from restructuring with wings clipped May 26, 2021 Norwegian Air has today emerged from a six month restructuring process, defying those who thought the pandemic would spell the end for the carrier. However, despite surviving the worst aviation crisis on record, the airline will return to the skies in utterly different shape – and much smaller – than it was before the pandemic [...]
Ready, set, go: Britain is bound for the next space race May 26, 2021 The UK is bound for a seat in the next space race, the transport secretary has said today, as the government preps for Virgin’s commercial Orbit mission – the UK’s first space-bound flight. The National Space Agency (NSA) confirmed on Monday that spaceflights will soon be a reality as the government has funded spaceports that [...]
Russia and Saudi Arabia planning joint space mission May 25, 2021 Russia and Saudi Arabia are preparing for a joint manned space mission, the former’s government confirmed today, in another sign of warmer relations between the two countries. In a statement, the Kremlin said that Saudi astronauts were being trained in Russia while the mission is developed. “Speaking of the two countries’ work on the joint [...]
Airlines avoid Belarus airspace as EU mulls sanctions May 25, 2021 A growing number of airlines have stopped flying through Belarusia airspace after the “hijacking” of a Ryanair flight carrying a dissident journalist. Carriers including Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines have thus far announced they would stop flying over Belarus. The decision to stop flying comes after the EU last night called for [...]
Iceland’s startup airline PLAY will be bound for London Stansted in June May 25, 2021 Iceland’s newest airline PLAY has launched its ticket sales for seven destinations across Europe, with its inaugural flight bound for London Stansted on 24 June. Giving away 1,000 free tickets, the startup airline saw them all snapped up within 3 hours of its website going live last week. The Stansted flights are set to run [...]
Coast Capital renews campaign against First Group EQT sale May 24, 2021 Private equity firm Coast Capital has today doubled down on its campaign against the sale of First Group’s two American businesses. The firm says that the $4.6bn (£3.3bn) deal for First Student and First Transit significantly undervalues the businesses. The renewed rebellion comes ahead of Thursday’s crunch general meeting, when investors will vote on the [...]