Waterloo station disruption: Commuters warned travel chaos will hit Friday rush hour March 22, 2019 Travel chaos at Waterloo this morning is set to drag on into this evening’s rush hour, causing more misery for commuters, National Rail has now warned. Tens of thousands of London workers were hit by travel disruption coming into Waterloo train station this morning after overrunning engineering works forced rail operators to halt all lines. [...]
TfL awards controversial £1bn ‘sale and leaseback’ Crossrail fleet deal to Natwest-backed group March 22, 2019 Transport for London (TfL) has awarded a controversial £1bn "sale and leaseback" deal for a fleet of Crossrail trains to a rail company backed by Natwest and Japan's second largest bank. 345 Rail Leasing, which was set up in January this year and comprises Equitix Investment Management, Sumitomo Mitsui Banking Corporation and Natwest, will own the [...]
Indonesian airline Garuda ditches order for Boeing planes after deadly crash March 22, 2019 Indonesia’s national airline has become the first to cancel an order for the Boeing jet which has crashed twice in recent months. Garuda Indonesia’s finance chief said the company had asked Boeing to change an order of 49 Boeing 737 Max 8 planes, valued at around $6bn (£4.6bn). The firm plans to stick with Boeing [...]
Energy supplier owed £12m to customers when it went out of business March 21, 2019 Failed supplier Economy Energy owed nearly £12m to customers when it went out of business earlier this year, according to new documents. Filings with Companies House show the company was £67.6m in debt when it entered administration at the beginning of January. Read more: Ofgem bans E from buying customers from failed provider Economy Energy [...]
Boeing’s grounded 737 Max jets ‘set for extra cockpit safety alarms’ in wake of Ethiopia crash March 21, 2019 Boeing will reportedly install extra safety alarms in the cockpits of all its 737 Max planes after the model suffered its second fatal in five months earlier this month. The 737 Max range, Boeing’s new flagship plane designed to be a mainstay for decades to come, has been grounded by authorities across the globe after [...]
Ford continues shift in focus towards tech by hiring former finance boss at Snap March 21, 2019 Ford has appointed the former CFO of social media giant Snap as its new finance boss, as part of a leadership overhaul. The second-biggest car manufacturer in the US said its chief financial officer Bob Shanks will retire at the end of 2019 to be replaced by Tim Stone, a 20-year veteran of Amazon and [...]
Sadiq Khan confirms TfL will remove controversial Michael Jackson bus adverts March 21, 2019 Controversial adverts that express support for Michael Jackson are to be removed from the side of Transport for London's (TfL) buses, Sadiq Khan has confirmed. The adverts, which bear the tagline "Innocent", were pushed by a Jackson fan group in response to a two-part Netflix documentary, Leaving Neverland, in which the late singer is accused of abusing young boys [...]
Boeing Embraer joint venture ready for take off as leadership team named March 20, 2019 Boeing has named two executives to head up its proposed $4.2bn (£3.2bn) joint venture with Brazilian aerospace firm Embraer. John Slattery, Embraer’s current commercial aviation boss, will become chief executive of the partnership, which is still waiting for approval by Brazilian antitrust regulators. Read more: Lion Air 737 Max plane pilots 'scoured handbook' before crash [...]
TfL slashes £1bn deficit in ‘relentless’ cost-cutting drive but warns of continued economic woes March 20, 2019 Transport for London (TfL) has halved its near £1bn budget deficit thanks to an aggressive cost-cutting drive. The transport body said a "relentless focus on efficiency" and "tight financial management" will help it to get the £968m deficit – partially caused by the loss of the government grant and Sadiq Khan's fare freeze for single journeys – [...]
Toyota defies Brexit blues to produce new model at UK factory March 20, 2019 Toyota has given Britain’s car manufacturing industry a much-needed boost today, announcing it will produce a new model for Suzuki at its plant in Derbyshire. The car will be based on a Toyota Corolla model which is already built at the plant, and comes as part of a wider global partnership announced by the two [...]