Arriva holds onto the Cross Country rail franchise in “milestone” award by Department for Transport September 29, 2016 Arriva has won a three year contract extension to run the Cross Country rail franchise in a deal with the Department for Transport worth £163m. The Deutsche Bahn-owned company has run the franchise since 2007 and revealed a raft of new initiatives it intends to implement as part of the deal that starts in October. These included promising to waive [...]
Heathrow plans to increase domestic routes and eke out more flights if given the green light for expansion September 29, 2016 Britain's exit from the EU means that Heathrow Airport could be released from the euro-shackles that limit domestic flights and provide a boost to the Conservative Party's plans for a Northern Powerhouse. Under current rules, the number of domestic flights from Heathrow is limited in order that other EU destinations are fairly served. Read more: Heathrow lays claim to being Britain's [...]
Air Partner’s share price leaps after it nets bumper half-year results September 29, 2016 Air Partner's share price jumped nearly 10 per cent this morning after revealing that flying Premier League stars across the globe had helped grow half-year profits by a third. Contracts with Real Madrid, Manchester City and Leicester City, as well as an increase in business during this summer's football European Championships – where it flew four of the teams including France – led [...]
Rush hour travel disrupted by delays on the Central Line September 29, 2016 Commuters are facing delays during rush hour this morning due to delays on the Central Line. Transport for London said there are severe delays between Leytonstone and White City westbound, and minor disruption on the rest of the line. According to TfL, the delays were caused by a signal failure at Stratford. https://twitter.com/centralline/status/781386786853515264 Central Line staff on Twitter advised commuters [...]
Qatar Airways reveals next stage in its cosying-up strategy with British Airways September 28, 2016 Qatar Airways has deepened ties with the owner of British Airways after a codeshare agreement was announced by the two carriers. The news comes in the wake of Qatar Airways upping its stake in International Airlines Group (IAG) in August to 20 per cent – a move that made it IAG's largest single shareholder. Read more: Qatar Airways just bumped up its stake [...]
Lufthansa board approves plans to take over Brussels Airlines September 28, 2016 German airline Lufthansa said today that its supervisory board has approved plans to buy the remaining chunk of Brussels Airlines that it didn't already own. The carrier bought 45 per cent of Brussels Airlines owner SN Airholding in 2009 for €65m (£56m), with the option of buying the other 55 per cent from 2011 onwards. Lufthansa [...]
Tui share price jumps as it satisfies UK holiday-maker’s Mexican desires September 28, 2016 Travel company Tui's share price jumped over two and a half per cent in early trading after revealing that demand for long-haul breaks in destinations such as Mexico would bolster full year performance. The German giant – known in the UK for its Thomson holidays and airline brands – upped its operating profit guidance and said earnings growth would be between [...]
Government cycle safety campaign from THINK! provokes backlash – from cyclists September 27, 2016 A new cycle safety video from THINK! has sparked a backlash on Twitter from cyclists and motorists alike. THINK!, which is run by the Department for Transport and promotes road safety, highlighted the dangers posed to cyclists by lorries turning left at junctions in a video shared on Twitter. But the film received an immediate [...]
Easyjet shuffles non-executive in to chief operating officer role September 26, 2016 Airline Easyjet has parachuted in one of its non-executive board members as its next chief operating officer. Chris Browne, a former executive at tour operator Tui’s airline division, will take up the job from the beginning of October after stepping down from the company’s board the day before. Easyjet is working to reduce costs and [...]
Monarch Airlines owner Greybull Capital looks to refinancing deal to help company soar September 26, 2016 The investment firm behind Monarch Airlines is seeking tens of millions of pounds in refinancing for the British airline. Today, Monarch, owned by investment group Greybull Capital, said that security concerns and the devaluation of the pound against the euro resulting from the Brexit vote, had made market conditions tougher. City A.M. understands the purchase of 30 [...]