Investigation finds errors in Carillion’s drain caused Stonehaven crash March 10, 2022 Errors in the Carillion-built drainage system caused the 2020 Stonehaven rail crash, the Rail Accident Investigation Branch (RAIB) said today. According to the investigation, design differences and the way the system was built meant that it was unable to sustain the amount of rail falling on the morning of 12 August 2020 in Aberdeenshire, Scotland. [...]
Gatwick reduces pandemic losses following strong end to 2021 March 9, 2022 Gatwick has reported that despite ever-changing travel restrictions, the last few months of 2021 helped the airport reduce its annual losses by 25.6 per cent. In the year ended 31 December, the London hub shrank its pandemic-induced losses from £465.5m to £370.6m, while its EBITDA remained at a negative £26.3m because of the reduced passenger [...]
Ryanair forced to slash 19 Lisbon routes as Portuguese carrier Tap holds on to airport slots March 9, 2022 Ryanair said today it was forced to slash 19 Lisbon routes after it gave up 3 aircraft due to insufficient landing slots. The move, which has led to the cancellation of 5,000 flights and 900,000 passengers, was caused by Portuguese flag carrier TAP’s decision to hold on to its unused slots. “We deeply regret all these [...]
DfT reports London tube strikes brought down passenger numbers to 4 per cent of pre-pandemic levels March 9, 2022 The RMT’s London tube strikes of last week had a devastating impact on passenger numbers, according to Department for Transport (DfT) figures. Data showed that on Tuesday and Thursday ridership numbers plummeted to 4 per cent of pre-pandemic levels – the lowest since the Covid pandemic first hit in March 2020. On 4 March, levels [...]
Elon Musk accuses SEC of forcing him to sign Tesla settlement March 9, 2022 Tesla’s chief executive and serial entrepreneur Elon Musk has accused the US Government of forcing him to sign a settlement that forced him to step down as chairman in 2018. Musk has asked a court to throw away the deal as he said the Securities and Exchange Commission (SEC) had a personal “vendetta” against him. [...]
Asset manager DWS snatches Stagecoach from National Express for close to £600m March 9, 2022 Asset manager DWS Infrastructure has, through subsidiary PEIF III Bidco, snatched Stagecoach from National Express for £594.9m. The news has sent Stagecoach’s share soaring 36.64 per cent to 104.60p. The company has offered 37.2 per cent to Stagecoach’s closing price of 76.55p per share on 8 March, causing Stagecoach’s board to withdraw the National Express [...]
UK impounds aircraft following new round of aviation sanctions against Russia March 9, 2022 Transport Secretary Grant Shapps said today UK authorities had impounded an aircraft following a new round of aviation sanctions against Russia. “There is one such aircraft on the ground at the moment at Farnborough that I’ve essentially impounded whilst we carry out further investigations for the last few days – and it’s very important that [...]
Revenue growth drives 888’s ‘record year’ March 9, 2022 Betting and gaming giant 888 has said 2021 was a “record year” for the company, as revenue surged to $980.1m. In the year ended 31 December, the group’s gross profit went up 15 per cent to $647m, while profit before tax rocketed from $26.7m to $81.3m, bringing with it a 500 per cent increase in [...]
HS2 unveils new London Euston designs March 9, 2022 HS2 has unveiled new design for its London Euston station, seven years after they were originally shown to the public. The updated concept has turned Euston from an initial 11-platform station to a 10-platform and simpler one, which will be built in one phase instead of two. According to HS2’s Euston are client director Laurence [...]
Aeroflot cancels all international flights except for Minsk as sanctions continue to bite March 8, 2022 Russian carrier Aeroflot has suspended all international flights except for Minsk after a growing number of countries imposed restrictions following the Kremlin’s invasion of Ukraine. The Rosaviatsiya, Moscow’s federal air transport agency, recommended airlines to cut down on the number of international flights because they could see their leased aircraft detained, Russian news agency TASS [...]
