Airbus hits back with $220m lawsuit against Qatar Airways in row escalation February 28, 2022 Airbus has hit back at Qatar Airways with a $220m lawsuit alleging damages over two undelivered planes. According to an Airbus spokesperson the counter-claim was a “last resort and followed many fruitless attempts to find mutually beneficial solutions.” Court documents have revealed that Airbus is also seeking to get back millions of dollars given in [...]
Exclusive: Electric vehicle fundraiser looks to put some spark into raise efforts February 28, 2022 Electric vehicle (EV) finance business WeFlex has brought in EY to drive its £60m funding effort. A mixture of debt and equity, the funding will be used to help hailing driving companies such as Uber to switch to EV, providing insurance, vehicle servicing and PCO licensing. WeFlex has already raised £2m in equity from investors [...]
Norwegian wealth fund to dump all Russian holdings following Ukraine invasion February 27, 2022 Norway’s $1.3 trillion sovereign wealth fund will drop all its Russian holdings following Russia’s invasion of Ukraine, the prime minister said today. The fund’s Russian assets consist of shares in 47 companies and government bonds worth $2.83bn, the Oslo government said. “We have decided to freeze the fund’s investments and have begun the process of [...]
EU closes airspace to Russian air traffic February 27, 2022 The EU is closing its airspace to Russian air traffic as part of a new set of measures against the Kremlin’s invasion of Ukraine, European Commission president Ursula von der Leyen said this afternoon. “We are shutting down the the EU airspace for Russians,” she said during a press conference. “We’re proposing a prohibition on [...]
Sources: World’s largest cargo aircraft destroyed by Russian air attack February 27, 2022 Sources have revealed that the world’s largest cargo aircraft, Antonov’s An-225 Mriya, has been burned by a Russian air attack on Kiev’s Hostomel cargo airport. Two Antonov employees told Ukrainian radio Radio Svoboda that Moscow’s attack had burned down the plane, which was parked at the Ukrainian manufacturer’s base. The news, confirmed by the mayor [...]
Emirates boss Tim Clark hits back against “flight shame” champions February 27, 2022 Emirates’ boss Tim Clark has hit back at those who want to “flight shame” people into avoid flying for environmental reasons. Clark said today that according to this reasoning, all discretionary spending is immoral because it has a carbon footprint. “So whether you’re flying a holiday, whether you’re flying to your second home, or whether [...]
BA disruption continues as carrier forced to cancel some short-haul flights February 27, 2022 British Airways (BA) today continues to experience disruption on short-haul flights departing from Heathrow, despite managing to fix yesterday’s IT issues. “While we have resolved the systems issues we’ve been experiencing and expect to run the vast majority of our flights on Sunday February 27, we have regrettably had to cancel a small number of [...]
France, Germany and Nordic countries close airspace to Russian planes February 27, 2022 France, Germany and the Nordic countries – Sweden, Finland, Denmark and Iceland – are joining the growing list of countries who closed their airspace to Russian aviation following the Kremlin’s invasion of Ukraine. “France is shutting its airspace to all Russian aircraft and airlines from this evening on,” tweeted French transport minister Jean-Baptiste Djebbari. “To [...]
Rail operators ramp up services following passenger demand increase February 27, 2022 Rail operators Avanti West Coast and East Midlands Railway are set to ramp up services as passenger demand is coming back post Omicron. Avanti West Coast’s services between London Euston, Manchester and Birmingham will double from tomorrow, with managing director Phil Whittingham saying the company “remains committed to supporting the ongoing recovery of our economy.” [...]
EV charging provider EO extends deadline for US SPAC merger February 25, 2022 Electric vehicle (EV) charging provider EO Charging has extended the deadline to complete a $675m merger with US special purpose acquisition company (SPAC) First Reserve Sustainable Growth. Sources said that, while the agreement is required to be finalised by 11 March, doubts on whether the company will meet the deadline have emerged, Sky News has [...]
