Boeing warns of further job cuts as coronavirus sends planemaker to $2.4bn loss July 29, 2020 Aerospace giant Boeing warned that it was considering further job cuts due to the coronavirus pandemic as the planemaker fell to a $2.4bn (£1.9bn) second quarter loss. In a letter to employees, chief executive Dave Calhoun wrote that the prolonged impact of the disease had caused “further reductions in our production rates and lower demand [...]
Q&A: Why electric trucks could help EU meet CO2 targets July 29, 2020 | City Talk To meet new EU regulations on CO2 emissions for trucks, manufacturers will have to ramp up production of battery electric trucks and then hydrogen fuel cell trucks. Trucks emit between 6-7% of total CO2 emissions globally. The European Union (EU) introduced its first ever CO2 emissions regulations for heavy duty trucks last year. This followed [...]
Belgium and Croatia may be next on UK’s quarantine list July 29, 2020 People travelling to the UK from Belgium, Luxembourg and Croatia may face 14-day quarantines as coronavirus infection rates rise across the continent. Boris Johnson said yesterday that he feared mainland Europe was beginning to experience the first stages of a second Covid-19 wave. Infection rates have been recorded as rising in 11 European countries over [...]
Wizz Air shareholders revolt against CEO bonus July 29, 2020 Wizz Air shareholders have voted down its directors’ executive pay for the year, a week after shareholders raised concerns about a possible bonus payment to its chief executive. CEO Jozsef Varadi was set to receive a £485,000 bonus despite Wizz Air missing its profit target for the year to 31 March. More than half of [...]
Government mulling two-test system to cut quarantine time July 28, 2020 People entering the UK from red-listed countries may be allowed to leave quarantine early if they test negative twice for coronavirus in a limited number of days. The BBC reported that the government was close to giving the go-ahead to a trial programme of double testing in order to ease pressure on the travel sector. [...]
Jet2 cancels flights to Spanish islands after ‘contradictory’ advice July 28, 2020 Budget carrier Jet2 has now cancelled its flights to the Balearic and Canary Islands after the Foreign Office updated its advice to warn against any non-essential travel to the destinations. Until 10 August, the carrier will not operate flights to Gran Canaria, Tenerife, Fuerteventura, Lanzarote, Menorca, Majorca and Ibiza. Yesterday the package holiday group took [...]
Airlines push for regional approach after ‘foolish’ Spain quarantine July 28, 2020 The UK’s aviation industry has called on the government to implement focused quarantines on specific regions of overseas countries in a bid to prevent further damage to the sector. Over the weekend, ministers decided to make it mandatory for all travellers returning from Spain to self-isolate for 14 days after a spike in infections in [...]
Local Tories urge Grant Shapps to save ‘vital’ Bakerloo Line extension July 28, 2020 Conservative councillors have urged transport secretary Grant Shapps to guarantee the future of long-awaited Bakerloo Line extension to Lewisham after it was thrown into doubt. Transport for London (TfL) warned last week that the Bakerloo Line extension may “be unable to progress” unless a new funding model is agreed. It is one of four major [...]
UK considers regional quarantine rules for overseas countries July 28, 2020 The government is considering putting in place quarantine measures for certain regions of foreign countries rather than the whole country, transport minister Baroness Vere confirmed. Speaking in the House of Lords today, Vere said: “For the time being we are taking the approach by country for border measures, but it is the case that it [...]
Alstom set for green light for €6bn Bombardier rail deal July 27, 2020 French giant Alstom is set to get approval from the EU’s competition watchdog to buy Bombadier’s rail business, paving the way for the creation of the world’s second largest rail firm. Reuters reported that regulators were set to give the deal the go-ahead after Alstom made a number of concessions due to antitrust fears. In [...]