Govia upgrades old electric trains with new £240m Siemens fleet March 25, 2019 Some of Britain's oldest electric trains have been replaced with a new £240m fleet to be used by passengers on the Great Northern route between Moorgate and Hertfordshire. Train operator Govia Thameslink Railway (GTR) has invested the sum in a batch of new trains that will replace those that first came into service in 1976 between now [...]
Norwegian boss Bjorn Kjos hints at retirement after months of turbulence March 25, 2019 The chief executive of Norwegian Air Shuttle has said he is open to retiring just a week after the company’s chairman stepped down during a tough time for the carrier. “I am deep in overtime. I should have retired a long time ago. There is a time for everything, but it’s perhaps not only my [...]
Jet Airways shares jump after chairman Naresh Goyal agrees to stand down from board March 25, 2019 Jet Airways chairman Naresh Goyal is to step down from the board of the India airline, as state-run banks move in on a rescue deal. Goyal will also reduce his stake in the Indian carrier, which has run into financial trouble and is struggling to pay employees, suppliers and leasing companies. Its debt exceeds $1bn (£750m). In [...]
Qatar Airways holds off on Boeing delivery until cause of 737 Max crashes is known March 25, 2019 Qatar Airways has delayed the delivery of a Boeing 737 Max jet until the cause of the second fatal crash involving the plane in six months has been established. Chief executive Akbar al-Baker said the shipment, due in April, will not go ahead “until we know exactly what the result of the investigation is and how [...]
Wow Air cancels flights amid breakdown in takeover talks March 25, 2019 Budget airline Wow Air has cancelled flights this morning as its fate hangs in the balance. A flight from Gatwick to the Icelandic capital Reykjavik, where the airline is based, has been cancelled, the Independent reported this morning. Wow Air is struggling to stay afloat after an acquisition bid by US private equity firm Indigo Partners fell [...]
Shell switches 700,000 customers to renewables as it rebrands First Utility March 25, 2019 Energy supplier First Utility has switched more than 700,000 homes to renewable electricity this morning as the company rebrands as Shell Energy. The firm, which has been owned by Shell for just over a year, officially changed its name with Companies House on Friday, before the big rebrand this morning. Read more: Shell completes its deal [...]
Global aircraft deliveries at highest year-to-date level since 2015 March 25, 2019 Global aircraft deliveries have hit the highest level since 2015 so far this year, according to the latest figures, however, trade organisation ADS has warned that Brexit could risk the UK’s reputation in the sector. Read more: Malaysia, Singapore and Australia ban Boeing plane after Ethiopia crash Last month there were 98 deliveries by global [...]
American Airlines to cancel 90 flights a day due to grounded Boeing 737 Max jets March 24, 2019 American Airlines has extended its flight cancellation period to 24 April due to the grounding of the Boeing 737 Max planes involved in two fatal crashes in recent months. The US airline said it will cancel roughly 90 flights a day as its 24 Max jets remain grounded, while some flights scheduled for other models [...]
Tiny nuclear reactors could spring up across Britain by 2030, report says March 24, 2019 There could be hundreds of tiny nuclear reactors around the world by the end of the next decade and they may bring major economic benefits to the UK, a government-funded study has found. So-called micro nuclear reactors (MNRs) typically produce up to 30 megawatts of energy, around the same as ten wind turbines. Read more: [...]
Tesla sues former engineer for allegedly passing tech secrets to Chinese rival Xiaopeng March 22, 2019 Tesla has accused a former employee of stealing trade secrets and handing them over to a Chinese rival. Elon Musk’s firm has filed a lawsuit alleging one of its former engineers, Guangazhi Cao, copied the source code for its Autopilot self-driving technology before joining Chinese startup Xiaopeng Motors. Read more: Tesla launches new Model Y [...]