Flybe to fly again next year after administrators agree sale to Cyrus Capital October 19, 2020 Collapsed regional airline Flybe will take to the skies again next year after its administrators agreed for it to be sold to a firm controlled by hedge fund Cyrus Capital. Administrators from EY said they had agreed to a sale of Flybe’s business and assets, including the brand, intellectual property, stock and equipment, to Thyme [...]
British Airways boss piles pressure on the government to scrap quarantine October 19, 2020 The new British Airways boss has called on the government to introduce pre-departure testing warning the UK risks being left behind in the economic recovery. Sean Doyle, who became chief executive of the airline last week, said the UK needed to get the economy going again but “this just isn’t possible when you’re asking people [...]
McLaren boss says operating costs now ‘break even’ following fundraising and redundancies, and downplays second wave fears October 19, 2020 McLaren CEO Mike Flewitt has described his “horrible” 2020 in an exclusive interview with City A.M., but says he is “cautiously optimistic” despite the second wave of coronavirus. Flewitt was forced to make 1,200 redundancies – almost a quarter of the company’s 4,000-strong workforce – and carry out a sale and lease-back of the McLaren [...]
McLaren CEO Mike Flewitt on a difficult year and an electrified future October 19, 2020 We have coffee with McLaren CEO Mike Flewitt, discussing the new 765LT, a "horrible" year and McLaren’s plugged-in hybrid future.
London’s new cycle lanes are causing traffic chaos, says transport secretary October 19, 2020 An influx of new cycle lanes in London and across the country has led to increased traffic congestion, according to transport secretary Grant Shapps. Shapps has written to local council leaders, warning them that badly designed road closures and new cycle lanes were causing havoc for communities and that he “would not be prepared to [...]
ICO fines British Airways £20m for data breach October 16, 2020 The ICO has fined British Airways £20m for a data breach affecting more than 400,000 customers. The watchdog found that the airline was processing personal data “without adequate security measures in place” breaking data protection law. Subsequently BA suffered a severe cyber attack in 2018, which it did not detect for more than two months. [...]
Serco lifts annual outlook after Covid contract wins October 16, 2020 Serco (SRP) raised its full-year forecasts after contract extensions in the UK and cost-cutting measures boosted its third quarter results. In an unscheduled trading statement, the contractor said it had achieved strong revenue growth in the third quarter, with all regions performing better than expected. Serco said it had seen a strong performance in the [...]
Railway bailout could cost taxpayer nearly £10bn this year October 16, 2020 It could cost the taxpayer almost £10bn to keep the railways running this year, Department for Transport (DfT) officials revealed today. Speaking to the Public Accounts Committee this morning, permanent secretary Bernadette Kelly said that thus far, the government had spent £4.3bn. For the rest of the financial year, she forecast that an additional £3bn [...]
Italy added to quarantine list as Crete travel ban lifted October 15, 2020 Italy has been added to the UK’s quarantine list after cases surged to more than three times the set threshold for admission. From 4am on Sunday morning, people entering the UK from the country will have to self-isolate for 14 days. According to the latest figures, Italy is now reporting 64.4 cases per 100,000 over [...]
Virgin Atlantic launches new Manchester to India flights October 15, 2020 Virgin Atlantic will launch two new routes to India from its base at Manchester Airport in the coming months. The carrier will fly three times a week to Mumbai from December and begin twice weekly flights to Delhi in January. It already flies the the two cities from its base at Heathrow Airport. Juha Jarvinen, [...]