WTO tells EU it can slap $4bn of tariffs on US over Boeing subsidies October 13, 2020 The EU has been given the go-ahead to slap tariffs on $4bn (£3.1bn) of US goods in the latest development in the subsidy saga involving Boeing and Airbus. It comes after the World Trade Organization (WTO) last year allowed Washington to tariff $7.5bn of EU goods over state support for European aeroplane manufacturer Airbus. The [...]
Four ferry firms sign £80m post-Brexit freight deal October 13, 2020 Four ferry firms have signed contracts with the Department for Transport (DfT) worth a combined £77.6m to provide freight services after Brexit. Brittany Ferries, DFDS, P&O and Stena Line will between them provide extra capacity for the equivalent of 3,000 heavy goods vehicles a week. The new contracts will ensure that vital medical supplies and other [...]
Global airlines get nearly £100bn in state aid and bailout funding October 13, 2020 Easyjet last week became the latest airline to indicate that it may need more money from the state to deal with the financial hammering it has taken at the hands of coronavirus. Around the world, governments have already splashed out a whopping £98.7bn on airlines, a figure that could jump by another $25bn (£19.3bn) if [...]
Mercedes recalls ‘compelling evidence’ of nitrogen oxide problem, lawyers say October 12, 2020 Lawyers building a class action against Mercedes alleging that the carmaker has deliberately engaged in emissions fraud said that the firm’s latest recall of diesel vehicles is “compelling evidence” that it has a nitrogen oxide emissions problem. London law firm Fox Williams says that the auto giant programmed an emission defeat device during test conditions [...]
Alex Cruz: Five days to forget for the outbound British Airways boss October 12, 2020 The travel world awoke to a shock this morning as it was announced that British Airways boss Alex Cruz would leave the firm with immediate effect. He departs with aviation mired in the deepest crisis in its history, with passenger numbers still at historic lows due to the coronavirus pandemic. The decision is the first [...]
PM to launch ‘Office for Investment’ in a bid to lure foreign investors October 12, 2020 The Prime Minister will reportedly launch a new Downing Street operation to secure foreign investment for infrastructure projects amid the UK’s economic recovery. Number 10 is working on a new “Office for Investment” which will be tasked with identifying and coordinating major infrastructure initiatives, according to Sky News. Chief among these projects will be delivering [...]
National Express appoints Fedex veteran as new chief exec October 12, 2020 Bus and coach operator National Express has today appointed a new chief executive as it seeks to move forward amid the coronavirus pandemic. Jose Ignacio Garat will take the top job at the FTSE 250 company from the 1 November, with interim chief exec Chris Davies remaining as group finance director. Davies was appointed after [...]
Heathrow Airport passenger numbers plummet over 80 per cent in September October 12, 2020 Just 1.3m passengers travelled through Heathrow Airport in September, down 82 per cent on the same month last year, as the coronavirus pandemic continued to hammer aviation. With blanket quarantine restrictions limiting long-haul travel, over half the passengers came from destinations in the EU, the figures showed. However, since the government laid out its travel [...]
British Airways boss Alex Cruz steps down amid industry’s ‘worst crisis’ October 12, 2020 Alex Cruz will step down as chief executive and chairman of British Airways with immediate effect, owner International Airlines Group said. IAG chief Luis Gallego said the management shake-up came as the firm navigated “the worst crisis faced in our industry” in his first major announcement since taking over from Willie Walsh. The pandemic has [...]
London City boss: Airport testing can be ‘shot in the arm’ for economy October 12, 2020 The boss of London City airport has urged the government’s new travel taskforce to lay out how it will implement a coronavirus testing regime. Robert Sinclair said that doing so would “deliver a much-needed shot in the arm for business air travel, boosting economic growth across every region and every sector.” “We know the demand [...]