Aston Martin’s chief executive ousted as part of management shake-up May 24, 2020 Aston Martin chief executive Andy Palmer is reportedly set to be ousted from the role as part of a management shake-up. The luxury carmaker confirmed it is reviewing its management team. It will name Mercedes-AMG chief executive Tobias Moers as Palmer’s replacement in an announcement tomorrow, the Financial Times reported. Palmer had not been informed [...]
Lufthansa to resume flights to 20 more destinations next month May 24, 2020 German airline Lufthansa will resume flights to 20 destinations next month, including some holiday hotspots, the company announced today. The airline, which is in talks with the German government over a £8.1bn bailout, will resume flights from mid-June, with Mallorca, Crete, Rhoades, Faro, Venice, Ibiza and Malaga among the destinations. The flights will operate from [...]
Car rental firm Hertz files for US bankruptcy protection May 24, 2020 Car rental firm Hertz has filed for bankruptcy protection in the US after the coronavirus pandemic caused demand to collapse. The firm, whose largest shareholder is billionaire investor Carl Icahn, said the “sudden and dramatic” impact of coronavirus on travel demand had caused a “abrupt decline” in revenue and future bookings. A large portion of [...]
Stelios accuses Easyjet of ‘voting fraud’ after failing to oust management May 22, 2020 Easyjet founder Sir Stelios Haji-Ioannou accused the airline of “voting fraud” today after his attempt to oust key management figures was defeated. Haji-Ioannou launched the attempt to remove the management team after a row over Easyjet’s continuation of a deal to buy 107 Airbus planes for £4.5bn which Haji-Ioannou says puts the future of the [...]
Easyjet woes grow after it is hit with massive group action claim over data breach May 22, 2020 Struggling budget airline Easyjet suffered another blow today after it was hit with a massive group action claim following its data breach which was announced earlier this month. Law firm PGMBM today said it had issued the group action claim in the High Court on behalf of customers whose details were exposed in the breach. [...]
Easyjet says it has defeated Stelios in crunch board vote May 22, 2020 Easyjet today said that its founder Sir Stelios Haji-Ioannou has failed in his bid to oust key management including the chief executive, according to the initial result of a shareholder vote. Haji-Ioannou launched the attempt to remove the management team after a row over Easyjet’s continuation of a deal to buy 107 Airbus planes for [...]
Nissan weighing 20,000 job cuts as car sales struggle May 22, 2020 Japanese car company Nissan is reportedly considering cutting 20,000 jobs with a focus on Europe and developing countries as car sales plunge following coronavirus crisis. The potential cuts come as Nissan prepares to announce its updated mid-term strategy next week. Profits at Nissan have been struggling for the last three years and the coronavirus has [...]
Khan and Bailey clash over congestion charge hike May 21, 2020 A row has erupted between Sadiq Khan and one of his challengers to be the next Mayor of London over the conditions of the government’s bailout of struggling Transport for London. Yesterday, the Mayor said that the government had forced him to reinstate and expand the congestion charge as a condition of the £1.6bn rescue [...]
Easyjet to restart flights from 15 June, passengers to wear face masks May 21, 2020 Easyjet today committed to restarting some domestic flights from 15 June, with all passengers and crew required to wear face masks. The budget airline will resume a “small number” of flights mainly on domestic routes in the UK and France where “there is sufficient customer demand to support profitable flying”. Easyjet said it plans to [...]
US arrests two men over escape of former Nissan boss Carlos Ghosn May 20, 2020 US authorities today arrested two men wanted by Japan on charges of aiding the escape of former Nissan boss Carlos Ghosn from the country. Prosecutors have accused former US special forces soldier Michael Taylor and his son Peter of helping Ghosn flee to Lebanon last year to avoid trial in Japan over alleged financial misconduct. [...]