Macquarie in box-seat as government prepares for total exit of Green Investment Bank October 9, 2016 The government has ignored calls for it to retain a stake in the Green Investment Bank (GIB) after it emerged that Macquarie Bank was in the final throes of agreeing a multi-billion pound deal to purchase all of the state-owned entity. The Australian-based infrastructure investor has been given preferred bidder status and while there had been hopes [...]
Boeing swoops in to save Monarch with restructured fleet deal October 9, 2016 Boeing looks set to swoop in and rescue low-cost airline Monarch, with a multimillion pound financing package. Monarch had been given a two-week extension by the Civil Aviation Authority (CAA) to its permit to sell holidays and flights in the UK, as the firm said it was on the cusp of lining up its biggest cash injection [...]
Gatwick summer delays give rise to watchdog probe October 9, 2016 A series of late take-offs at Gatwick during the summer has caught the attention of the Civil Aviation Authority. It is currently investigating the airport to find out the reasons for the drop in “on-time performance” as part of a long-planned review of Gatwick’s regulation. The CAA said a review was under way, but did [...]
The RMT tells members to accept new role but holds firm on strike action October 9, 2016 In the latest episode of the long-running dispute between the RMT and Govia Thameslink Railway, the union has advised its members to accept the new on-board supervisor role, but to proceed with strike action. RMT general secretary Mick Cash denied there had been a climb down from the union. “Our dispute remains on and the [...]
Uber on the Night Tube: We’re still here, don’t forget us October 7, 2016 Uber has released statistics today showing how its number of rides has been affected by the introduction of the Night Tube. The Jubilee Line will start running 24-hour weekend services from tonight (and we've put together a list of the best ways to make the most of it), and Sadiq Khan confirmed this morning that the Northern [...]
Delays on Bakerloo Line due to person on the tracks at Regents Park October 7, 2016 There are delays on the Bakerloo Line this morning after a woman was struck and killed by a train at Regents Park station. The line was closed between Paddington and Piccadilly Circus earlier, due to a person on the tracks. Service has since resumed but with delays on the entire line. British Transport Police (BTP) were called to [...]
Northern Line night tube launch date confirmed as 18 November October 7, 2016 The mayor of London has confirmed that the Night Tube will launch on the Northern line next month. With Night Tube services beginning on the Jubilee Line tonight, Sadiq Khan announced today that 24-hour weekend services will begin on the Northern Line on 18 November, confirming reports from last month. Northern Line night trains will run from [...]
Talks to avoid Southern Rail strikes going ahead next week have failed, according to the RMT October 6, 2016 Talks to avoid Southern Rail strikes going ahead next week have failed, according to the RMT. Southern Rail and union officials held talks from 10am in a bid to hash out their differences and avoid a series of strikes kicking off next week. The strike dates announced by the RMT are: 00:01 BST Tuesday 11 [...]
Norwegian’s flying with 14 per cent passenger growth for September October 6, 2016 Low cost airline Norwegian carried nearly 2.8m passengers in September – an increase of 14 per cent on the same month last year. A total of 2,778,806 passengers flew with the airline last month, while total traffic growth increased by 21 per cent and capacity growth was up 19 per cent. Norwegian CEO Bjørn Kjos [...]
The value of the connected car market is about to sky rocket October 6, 2016 The likelihood of driving or travelling in a car that's connected to the internet in some way will be higher than ever in the coming years, with the industry pegged to be worth billions. The value of the market for connected cars is set to sky rocket, hitting £120bn by 2022, new research predicts. PwC anticipates it will grow [...]