Pension fund Equitix joins calls for Eurostar bailout January 31, 2021 Pension fund Equitix has added its voice to calls for ministers to help prop up the struggling cross-channel Eurostar service. The fund is one of the joint owners of HS1, the high-speed rail line linking London to the Channel Tunnel, which depends on the Eurostar for about a third of its revenues. The Times reported [...]
Tunnel vision? Why the approved Thames crossing at Silvertown could be in doubt January 30, 2021 London's new road tunnel at Silvertown was years in the making and given the go-ahead by Sadiq Khan in 2019, but ever since then opposition to the eastern crossing has grown.
Heathrow boss slams government’s ‘discriminatory’ airport support scheme January 30, 2021 The government’s financial support scheme for airports has today opened to applications but was swiftly slammed by Heathrow and fellow operators. Under the scheme, airports and baggage handlers can apply for up to £8m in business rates relief. Transport secretary Grant Shapps announced that the support was now available via Twitter. But the boss of [...]
United Airlines warns 14,000 staff could be stood down without pay January 29, 2021 United Airlines has warned some 14,000 employees could be stood down without pay when a second round of payroll support for airlines in the US expires on 1 April. The Chicago-based airline recalled 13,000 employees from furlough – a term in the US that means a mandatory suspension without pay – when the fresh payroll [...]
Jaguar Land Rover roars to profit as Bolloré era kicks off in style January 29, 2021 Jaguar Land Rover today saw profit jump to £439m in its first full quarter under new boss Thierry Bolloré. The high-end carmaker said that profit was up £121m on the same period last year, while revenue increased £1.6bn to £6bn. JLR reported that it sold 128,469 vehicles in the quarter, up 13.1 per cent on [...]
UK extends airport slot waiver through summer season January 29, 2021 The UK has extended its waiver on the “80:20” airport slot rule through the lucrative summer season, it was announced today. The decision, which was announced this morning by industry body Airport Coordination Limited (ACL), will be a much-needed boon for the UK’s embattled carriers. In a statement, it said: “The UK’s Secretary of State [...]
General Motors to quit diesel and petrol cars by 2035 January 29, 2021 One of the world’s biggest car manufacturers has announced that it will cease production of all petrol and diesel vehicles by 2035. Overnight General Motors (GM) said that it was committed to ending “tailpipe emissions” from all new cars, SUVs and light pickup trucks in the next 14 years. The announcement came as part of [...]
World’s first ‘flying car’ and drone airport to open in Coventry January 28, 2021 A pop-up urban airport that will showcase so-called “flying cars” and drones will be opened in Coventry later this year. The airport, called Air One, is scheduled to open in November and will be located close to the Ricoh Arena in the north of the City, Sky News reported. The project has received a [...]
Easyjet boss: We can ‘take advantage’ of European rivals who got state bailouts January 28, 2021 Easyjet’s chief executive has said not getting government bailouts like continental rivals during Covid-19 could benefit the budget carrier as it seeks to grow in Europe. Unlike in many European countries, the UK government has not propped up the country’s airlines despite multiple calls to do so. But Johan Lundgren said the restrictions imposed on [...]
Toyota overtakes Volkswagen to become world’s top carmaker January 28, 2021 Toyota has today overtaken Volkswagen to reclaim its crown as the world’s biggest car producer, the first time it has held the spot since 2015. The Japanese carmaker saw 9.5m cars roll off its assembly lines last year, despite an 11 per cent drop in production due to the pandemic. Volkwagen, on the other hand, [...]