Flying taxis to slash Heathrow to City trip to 12 minutes Transport and infrastructure Commuting from Heathrow to central London may soon be a thing of the past. Vertical Aerospace, founded by the man behind OVO energy, has unveiled Valo, its next generation aircraft designed for quick, zero emission airport to city travel. While the British electric aviation giant’s shares have seen a 94 per cent decline since its [...]
Smiths Group strikes deal to offload detection business for £2bn Business London listed Smiths Group is set to offload another of its businesses, as it works to streamline its operations after bowing to increasing investor pressure. The FTSE 100 company has agreed to sell its Smiths Detection division to private equity firm CVC Capital Partners in a £2bn deal. The business manufactures threat detection technology, including [...]
Macquarie ups stake to become majority owner of London City Airport Transport and infrastructure An asset management giant has become the majority owner of London City Airport after buying out some of its fellow shareholders. Macquarie Asset Management has increased its stake in the transport airport to 75 per cent after acquiring a further 50 per cent equity stake from Alberta Investment Management Corporation and OMERS. The move comes after Macquarie [...]
London City Airport’s profit has almost doubled October 6, 2025 Profit at London City Airport almost doubled in 2024 thanks to a rise in passenger numbers, it has been revealed. For its latest financial year, the airport’s pre-tax profit increased from £6.6m to £11.8m. New accounts filed with Companies House also show its turnover rose from £102.6m to £115m. Passenger traffic increased by 4.6 per [...]
London Luton Airport: Profit more than doubles ahead of expansion October 3, 2025 Profit at London Luton Airport more than doubled in 2024 ahead of major expansion plans being signed off by the government. The airport has posted a pre-tax profit of £89.8m for its latest financial year, new accounts filed with Companies House show. The total is up significantly from the £39.9m pre-tax profit London Luton Airport [...]
Heathrow passengers hit by second day of disruption after cyber attack September 21, 2025 London Heathrow, the UK’s busiest airport, is grappling with a second consecutive day of disruption after a cyber attack on a critical airline IT system forced carriers to abandon automated check-in and boarding. The problems began late on Friday when Collins Aerospace, a US-based supplier of airline technology, confirmed its Muse system, which allows multiple [...]
Cyber attack hits Heathrow and European airports September 20, 2025 A cyber attack has caused flight delays at Heathrow and several European airports, with problems lasting for hours on end. Airports in London, Berlin and Brussels have warned passengers that their flights may be delayed due to technical issues in check-in and boarding systems. The software provider, Collins Airspace, was suffering a technical issue for [...]
Gatwick profit jumps after boost to passenger numbers August 14, 2025 Gatwick airport has reported a double-digit rise in profit in the first half of 2025, driven by a boost to passenger and aircraft traffic volume. Total revenue reached £491.4m in the first half of the year, up 0.7 per cent from 2024. Adjusted revenue – accounting for two “large one-off elements” which occurred last year [...]
Swissport creates 900 UK jobs as profit almost quadruples August 5, 2025 Swissport created 900 UK jobs as its profit almost quadrupled during its latest financial year, it has been revealed. The Cheshire-headquartered UK arm of the aviation services giant has posted a pre-tax profit of £39.8m for 2024, up from the £10.5m it achieved in the prior 12 months. That previous figure was the first time [...]
London airports paused flights due to faulty air traffic control July 30, 2025 London airports temporarily paused departures as air traffic control suffered from a “technical issue”, causing mass delays at a busy time for holidays. The UK’s National Air Traffic Services (Nats) said it had solved a problem at its centre in Swanwick, Derbyshire as it was working to resume “normal operations” around London. “We continue to [...]