European Commission set to scrutinise Fiat-PSA mega-merger June 8, 2020 The European Commission may seek concessions in order to clear the proposed $50bn (£39.6bn) merger of Fiat Chrysler and Peugeot owner PSA over competition concerns. Reuters reported that the body’s antitrust regulators were worried by the potential size of the two firm’s market share in small vans. According to sources, the two firms must dispel [...]
Easyjet boss warns that more jobs could be lost due to quarantine plans June 8, 2020 Easyjet’s chief executive Johan Lundgren has warned that the budget airline may be forced into making more job cuts due to the government’s new quarantine rules. The blanket restrictions, which came into effect today, mean that almost all incoming passengers to England must quarantine for 14 days. When asked whether it could lead to more [...]
Speedy Hire says revenue picking up as construction activity begins again June 8, 2020 Construction equipment rental firm Speedy Hire said that revenue in April was ahead of expectations, but still 35 per cent down on last year due to the coronavirus pandemic. The firm said that the easing of lockdown measures throughout May had seen construction activity pick up, meaning that last week tool hire revenue was only [...]
Michael O’Leary insists Ryanair will not cancel flights despite quarantine plans June 8, 2020 Ryanair’s chief executive Michael O’Leary has said that the carrier will not cancel flights to and from the UK in light of the new 14-day quarantine rules that came into force today. Speaking to the BBC, O’Leary said insisted flights in July and August would go ahead even if the blanket measures remained in place [...]
The City View: John Holland-Kaye, Heathrow Airport CEO, on the future of aviation June 7, 2020 In this extended episode Christian is joined by Heathrow’s chief executive, John Holland Kaye, for a wide-ranging and candid conversation about the unprecedented disruption and difficulty facing the travel and aviation sector. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS What does a socially-distanced airport experience look like? When will passenger numbers recover? What does the future look like [...]
Exclusive: Heathrow warns of 25,000 job losses amid quarantine travel row June 7, 2020 Heathrow Airport’s chief executive has warned that 25,000 jobs may be lost at the airport if the government’s quarantine rules are not relaxed, or air bridges not established, within the next two weeks. Those losses would largely come from airline redundancies but speaking to City A.M.’s City View podcast, John Holland-Kaye also said a decision [...]
Astrazeneca reaches global agreements to produce 2bn coronavirus vaccine doses June 4, 2020 Drugs giant Astrazeneca has made deals that will mean it can deliver 2bn doses of Oxford University’s potential coronavirus vaccine, double the previous number. The pharmaceuticals firm today said it had signed agreements with the Coalition for Epidemic Preparedness Innovations (CEPI), Gavi the Vaccine Alliance, and the Serum Institute of India (SII) to manufacture the [...]
Night Tube to be suspended until March 2021 June 4, 2020 Transport for London have confirmed there are no plans to bring back the Night Tube in the immediate future, with transport unions saying it will not be before March 2021. Tube union RMT have been told the overnight service will not run until the new year. A TfL spokesperson said: “With the current lockdown regulations [...]
Aston Martin to cut 500 jobs as business reset continues June 4, 2020 Luxury sports car maker Aston Martin has today announced it will cut 500 jobs as the iconic brand continues with its business-wide reset. The firm said the measures were being taken to bring its cost base in line with expected lower levels of car production. The cuts, which cover nearly a fifth of Aston Martin’s [...]
Virgin Atlantic to restart passenger flights in July June 4, 2020 Embattled airline Virgin Atlantic has today announced that it will restart some passenger flights from July. The carrier said that from 20 and 21 July, it would resume services from London Heathrow to Orlando, Hong Kong, Shanghai, New York JFK and Los Angeles. It added that more routes would be announced in the next two [...]
