AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]
Plan to replace striking workers with agency staff branded ‘unethical and morally reprehensible’ by RMT July 12, 2022 The RMT trade union has condemned plans backed by MPs which would allow striking workers to be replaced with agency staff. The measure was voted in Commons on Monday night by a majority of 87 votes, 289 to 202, with the union’s general secretary Mick Lynch calling it “unethical and morally reprehensible”. According to the [...]
Airlines to stop selling tickets as Heathrow puts 100,000 daily passenger cap July 12, 2022 Heathrow has asked airlines to stop selling summer tickets, as it was forced to cap the number of daily passengers to deal with travel mayhem. The airport’s cap – introduced from today until 11 September – will amount to 100,000 departing passengers per day. Commenting on the decision, aviation analyst Sally Gethin told Morning Wire: [...]
TfL to open first new Overground stop since 2015 July 12, 2022 Transport for London (TfL) will open its first new Overground stop since 2015 on Monday. The 4.5km Barking Riverside extension will connect the area’s new developments to Barking city centre in seven minutes, drastically improving commuting times. A total of four trains per hour will operate along the line, connecting the riverside to the District [...]
Rail union bosses who called for biggest train strike in 25 years take home £280,000 in pay and perks July 12, 2022 With the transport unions having voted on the ‘biggest rail strike in 25 years’, it has been revealed that two Aslef trade union bosses had a combined total remuneration of £281,601 in 2021. Aslef’s general secretary, Mick Whelan, took home £151,371 in total remuneration in 2021. While Aslef’s Assistant General Secretary, Simon Weller, received £130,230 in the same year, the TaxPayers’ Alliance said [...]
Exclusive: Lime sets eyes on future US IPO, but timeline still unclear July 12, 2022 US electric bike and scooter company Lime continues to have its eyes set on becoming a public listed company, but London looks set to miss out on the float. “We are always working to be in a position in which we would be ready,” Lime’s president Joe Kraus told Morning Wire during an exclusive interview. [...]
Railway ticket office and platform staff vote to back strike action at Southeastern and Network Rail July 11, 2022 Ticket office and railway platform staff working for Southeastern and Network Rail have voted in favour of industrial action, in ballots by the TSSA union. According to the union, which announced the ballot’s result today, 73.9 per cent of Southeastern members balloted voted in favour of walking out while 85.1 per cent said yes to [...]
Train drivers at eight railway firms vote in favour of industrial action July 11, 2022 Train drivers will join the wave of industrial action that has brought the country to a standstill as members of the union Aslef at eight operators have voted in favour of industrial action. No dates have been announced yet, but if it were to go ahead, the industrial action will hit services on Chiltern, GWR, LNER, [...]
Heathrow apologises for poor service as it continues to battle travel chaos July 11, 2022 Heathrow has apologised for unacceptable service levels as it continues to battle the ongoing travel chaos. In a trading update published today, the west-London hub said that while it started recruiting staff in November, rebuilding capacity quickly following the end of travel restrictions had been “very challenging.” Over the last few weeks, travellers have reported [...]
Go-Ahead’s bidder weighs options following group’s optimistic outlook July 11, 2022 Australian tour operator Kelsian said it was still weighing its options over the possible takeover of Go-Ahead as the transport powerhouse remained optimistic following a surge in passengers. Kelsian, which has until 1 August to make a firm offer, is going up against the £647.7m offer made by an Australian-Spanish consortium. The consortium – made [...]