Flybe’s last flight: How Europe’s biggest regional airline met its demise March 9, 2020 At 8.30pm on Wednesday evening, passengers were still being ushered onto planes bearing the indigo livery of Flybe. Half an hour later, members of the cabin crew on one of its last ever flights, from Manchester to Belfast, were crying, having just lost their jobs. “Staff in tears. This is so grim,” tweeted Holly Hamilton, [...]
Norwegian under scrutiny amid concerns over carrier’s debt pile March 8, 2020 A number of hedge funds have increased their bets against Norwegian Air amid concerns that the low-cost carrier could follow Flybe into bankruptcy due to the slump in demand due to the coronavirus outbreak. According to IHS Markit data obtained by the Sunday Telegraph, nearly 16 per cent of the airline’s stock is on loan [...]
Jaguar Land Rover boss says Greta Thunberg’s criticism ‘not justified’ March 8, 2020 The boss of Jaguar Land Rover (JLR) has hit out at Greta Thunberg, saying that climate activists like the Swedish teenager and Extinction Rebellion make “no contribution” and have “no ideas”. Speaking to the Sunday Times, Ralf Speth, JLR’s outgoing boss, described Thunberg’s campaigning as “doing wrong in many areas” by raising issues but not [...]
Budget 2020: Pilots call for air passenger duty tax suspension March 6, 2020 The British Airline Pilots Association (Balpa) has called on chancellor Rishi Sunak to suspend air passenger duty in next week’s budget to protect the struggling aviation industry and avoid another airline collapsing like Flybe. Global airlines have been severely damaged by the coronavirus outbreak, with international trade body IATA predicting a 24 per cent reduction [...]
Nissan puts £400m into Sunderland factory despite Brexit tariff fears March 6, 2020 Nissan will invest £400m into its Sunderland plant in a much needed boost for the facility, the future of which has been in doubt due to fears over possible tariffs post Brexit. The investment comes as Nissan ramps up its preparations for its new Qashqai model, including a £52m new press line, which was unveiled [...]
Economy will stall without London investment, says Centre for Cities March 6, 2020 A failure to invest in London’s transport infrastructure will constrain the UK’s economy going forward, according to a new report. The Centre for Cities transport report found London was “outgrowing its transport capacity” and that a lack of transport investment would result in a “hard [economic] landing”. The think tank calls for £31bn investment in [...]
Flybe collapse: Virgin Atlantic refused to put more cash into beleaguered airline March 5, 2020 Virgin Atlantic refused to put any more money into collapsed regional airline Flybe due to the effect of the coronavirus outbreak on its own bookings. In a witness statement filed by Mark Anderson, chief executive of Flybe owner Connect Airways, first reported by Sky News, Virgin Atlantic had told the airline on Tuesday evening that [...]
HS2 could have planning problems without Crossrail 2, says HS2 boss March 5, 2020 HS2 could run into planning problems if Crossrail 2 does not get the go-ahead, according to HS2’s chief executive. Speaking to the Public Affairs Committee yesterday, Mark Thurston said HS2 chiefs had expected Crossrail 2 to be approved when drawing up plans for the high speed train line. He added that the new Crossrail 2 [...]
Flybe collapse: Loganair to take on 16 of Flybe’s routes March 5, 2020 Scottish regional carrier Loganair has said that it will cover 16 of failed airline Flybe’s routes, which will mean adding around 400 flights per week. The 16 routes – from existing Loganair base airports at Aberdeen, Edinburgh, Glasgow, Inverness and Newcastle – will be launched progressively over the next three months, with the majority starting [...]
Car industry calls for electric vehicle tax break as new sales decline March 5, 2020 The Society of Motor Manufacturers and Traders (SMMT) has called for a tax break on all new battery electric, plug-in hybrid electric and hydrogen fuel cell electric cars in order to encourage the take up of more environmentally friendly models in the UK. According to the SMMT, cutting VAT on such models would reduce the [...]