‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Coronavirus: London City Airport suspends all flights March 25, 2020 London City Airport has suspended all flights in and out of the airport for the foreseeable future. The airport will stop all commercial and private flights from this evening due to the fallout from the coronavirus. The airport only had a handful of flights today, with numbers sharply decreasing due to the travel restrictions imposed [...]
Electric cars can transport Britain to a greener future March 25, 2020 As the UK lockdown begins, now is a chance to pause, to take a step back, and consider how our world moves forward when the Covid-19 crisis is over. Right now, we are all staying at home, but when we can travel once again, what does the future of transportation look like? Britain is still [...]
Qantas raises over AU$1bn to guard against coronavirus disruption March 25, 2020 Australian flag carrier Qantas has secured over AU$1bn (£501m) worth of new funding as the airline seeks to bolster its financial position against the ongoing coronavirus disruption. The debt, which has been taken out against seven of the airlines’ 787-9 planes, will hold for 10 years at an interest rate of 2.75 per cent. This [...]
Boeing plans to restart production of 737 Max in May March 25, 2020 Planemaking giant Boeing is planning to restart production of the grounded 737 Max in May, sources told Reuters, despite disruption caused by the coronavirus outbreak. The US manufacturer, which is currently in negotiations with the federal government about state aid to help it through the current crisis, suspended production of the model in January due [...]
One-third of Tube staff off sick as Underground trains still packed March 25, 2020 Mayor Sadiq Khan has urged more Londoners to stay at home today amid the coronavirus lockdown as he repeated his call for the government to ban construction work in the capital. Khan warned London’s Tube and bus transport network is approaching breaking point, with almost a third of Transport for London (TfL) workers off sick [...]
Australian authorities investigating Qantas over Virgin claims March 24, 2020 Australian competition authorities are investigating claims from Virgin Australia that rival carrier Qantas has been briefing the media that it is not financially viable and should be excluded from any state bailout of the struggling sector. The Financial Times reported that Virgin has sent a letter to Australian Competition and Consumer Commission (ACCC) chairman Rod [...]
Coronavirus: Global airlines body says disease will cost industry $252bn March 24, 2020 Industry body the International Air Transport Association has more than doubled its previous estimates of the revenue damage that the coronavirus epidemic will do to the world’s airlines, now setting the figure at $252bn (£214bn). Due to the stringent travel bans and border closures that have been implemented around the world as the result of [...]
Coronavirus: Tory mayoral hopeful Shaun Bailey calls for more Tube services March 24, 2020 Conservative mayoral candidate Shaun Bailey has urged Sadiq Khan to increase Tube capacity to alleviate rush hour overcrowding. Pictures and videos of overcrowding on Tube carriages flooded social media for the second day in a row this morning, despite the government’s new draconian restrictions. Khan and train drivers’ union Aslef have both been quick to [...]
Coronavirus: Government will not provide industry-wide airline rescue package March 24, 2020 The government will not provide a single support package for the UK’s airlines and airports, but will instead provide aid on a case-by-case basis. The decision is an apparent u-turn on the government’s original plan. Last week chancellor Rishi Sunak said he would be discussing a potential package for “specifically airlines and airports”. Instead, Sunak [...]
Crossrail construction suspended over coronavirus lockdown March 24, 2020 Construction on Crossrail and all Transport for London (TfL) projects has been stopped due to the coronavirus lockdown. TfL commissioner Mike Brown MVO made the call today, after Boris Johnson effectively placed the country in lockdown last night. The halt to work on Crossrail means the new £18.25bn train line will almost certainly not be [...]