Telematics will make you safer and save you money – by disrupting the disrupters July 14, 2016 Telematics – the technology for collecting and analysing driver behaviour – has been transforming the face of car insurance for a long time. Now it is set to play a key role in how people engage with market disrupters such as Uber and Zipcar. These new entrants give people a great deal of flexibility in how [...]
Wizz Air is spending $2.5bn on new engines in deal with Pratt & Whitney July 13, 2016 Budget airline Wizz Air is has agreed a deal with US manufacturer Pratt & Whitney to install new engines in 110 of its planes. The deal, worth $2.5bn (£1.9bn), will see Wizz Air's 110 Airbus A321neo aircraft equipped with Pratt & Whitney’s PurePower Geared Turbofan engines, with deliveries to start in 2019. The agreement also covers an additional 90 [...]
Farnborough Airshow: These are the aircraft deals announced today July 12, 2016 Despite the Farnborough Airshow being called off due to inclement weather yesterday, it was back up and running today – and a number of deals have been announced since take-off this morning. Tui Group The London-listed travel firm, owner of the Thomson and First Choice brands, has finalised an agreement worth £1.1bn to buy 10 Boeing 737 [...]
Victoria Line part-suspended and Finsbury Park station closed after a woman was struck by a train July 12, 2016 Finsbury Park station has reopened, and the Victoria Line is running with minor delays, after a passenger was injured earlier this morning. The station was evacuated in the middle of the morning rush-hour today and the Victoria Line was suspended between Walthamstow and Kings Cross after a person was struck by a train Fire engines and a [...]
SEC investigating Tesla over failure to disclose driverless car crash – reports July 12, 2016 The US Securities and Exchange Commission (SEC) is investigating Elon Musk's Tesla Motors – in particular, looking at whether the tech firm broke the law by failing to disclose a fatal accident involving one of its driverless cars in May. The accident, which happened in Florida on 7 May, resulted in the death of 40-year-old Joshua Brown. [...]
It’s high time Southern Rail got its act together July 12, 2016 Commuters on the troubled Southern rail franchise have had enough, and rightly so. The London and south-east England service has been beset by delays and cancellations caused by engineering works and industrial action. Yesterday, long-suffering commuters demonstrated in Victoria station during the evening rush-hour in protest at the lamentable service they’re forced to endure. The protest [...]
Airlines will spend around $5.2 trillion on 33,000 new planes over the next 20 years July 11, 2016 The world's airlines will spend over five trillion dollars on new aircraft over the next twenty years. Airbus has added 500 planes to its previous forecast, taking total demand over the next two decades to 33,070, with a price tag of a cool $5.2 trillion (£4 trillion). By 2035, the world’s aircraft fleet will have doubled [...]
Volkswagen under pressure from European Commission over compensation in wake of diesel scandal July 7, 2016 The European Commission is putting pressure on Volkswagen (VW) after it refused to compensate car owners in Europe while at the same time paying compensation in America. The commission is voicing its frustration at the carmaking giant after it offered up to $10,000 each to owners in the US, while offering nothing to European counterparts. The [...]
Farnborough Airshow: Boeing soars above Airbus ahead of week-long industry event July 7, 2016 Boeing is soaring above rival Airbus ahead of the week-long Farnborough Airshow, which analysts expect to be a "damp squib". Airbus said this week it had booked 27 new plane orders in June and delivered 64, marking a difficult road ahead to meet full-year targets. It goes into the week-long industry event having booked 183 new orders in [...]
Private jet flights from China to Europe soar as sterling falls to Earth July 6, 2016 The number of private jets flying into Europe from China has taken off this year, climbing by 43 per cent on the same period last year. Data from private jet company Magnus Aviation has shown that in June, private jets flying in to Europe from China increased by 41.7 per cent from same month last year. [...]