Baby you can’t drive my car: 6.7m motorists at risk of driving uninsured February 18, 2022 Around 6.7 million UK motorists are currently at risk of driving uninsured, according to a new research from automotive insurance Direct Line. Only 38 per cent of the 14 million people who have driven someone else’s car in the last year checked they were insured to do so, while 32 per cent said they were [...]
Sadiq Khan “hopeful, but not confident” about TfL deal as funding expires tomorrow February 17, 2022 London mayor Sadiq Khan said today he is “hopeful, but not confident” of securing a long-term deal for Transport for London (TfL) as government funds are set to expire tomorrow. “It’s really important for the government to realise, these sticking plasters in the short, medium and long term cost us more,” the Evening Standard reported [...]
Shell becomes Singapore’s first supplier of sustainable aviation fuel February 17, 2022 Shell has become Singapore’s first supplier of sustainable aviation fuel (SAF), the company announced today during the Singapore Airshow. “We have delivered some (SAF) to our customers SIA Engineering Company and the Republic of Singapore Air Force,” said Shell’s head of aviation Asia Pacific and Middle East Doris Tan. While the first batch of SAF was blended [...]
Menzies shares rocket after NAS buys stake February 17, 2022 Shares of aviation services firm Menzies soared today 23.94 per cent after the company’s Kuwaiti suitor NAS acquired a stake in the Edinburgh-based company. NAS’s parent company Agility said today in a statement it has entered into contracts to purchase 13.2 per cent of Menzies’ total share capital at 605p per share, becoming the majority [...]
Air France-KLM shares tank following €4bn repayment promise February 17, 2022 Shares of aviation colossus Air France-KLM have tanked 7.94 per cent after the group said today it would repay €4bn of pandemic state aid. The announcement overshadowed the positive results obtained in the fourth quarter because of the easing of restrictions, including a 3.7 per cent increase in the company’s core profit and a €4.8bn [...]
US investigates 416,000 Tesla cars over braking defect February 17, 2022 The US investigation into Tesla’s malfunctions shows no sign of easing, as the agency in charge of vehicle safety evaluated today 416,000 cars over braking defects. The National Highway Traffic Safety Administration (NHTSA) said today its primary evaluation will focus on 2021-2022 Model 3 and Model Y, following more than 300 complaints of braking issues. [...]
Former IAG boss Willie Walsh calls for removal of all travel restrictions following sales boom February 17, 2022 Former IAG boss Willie Walsh has called for the removal of all travel restrictions following a boom in international tickets sold. In the last few weeks the International Air Transport Association (IATA), of which Walsh is the director general, has registered an 11 per cent increase in sales. In the week to 8 February tickets [...]
RAC calls on drivers to delay trips as Storm Eunice takes over UK February 17, 2022 Automotive service company RAC has called on drivers to avoid trips this weekend, as Storm Eunice prepares to take over the country with a Met red weather warning. “It’s vitally important drivers don’t set out during Storm Eunice unless it can’t be avoided,” said RAC’s breakdown spokesperson Rod Dennis. “It might be better to make [...]
HGV market accelerates while buses and coaches fall to lowest level ever February 17, 2022 The growth of industry sectors such as construction has led to a year-on-year increase in the HGV market. Lorry registrations increased 12.9 per cent in 2021, up from a 32.2 per cent lockdown-induced slump in 2020, according to data from the Society of Motor Manufacturers and Traders (SMMT). As demand outran supply, 37,163 units were [...]
Airbus reports strong results amid hopes of amicable resolution to Qatar Airways feud February 17, 2022 Plane manufacturer Airbus has managed to consolidate its financial situation amid legal troubles. In 2021, the company’s revenues increased four per cent, going from €49.9bn to €52.1bn, while both its order intake and value increased to €62bn and €398bn. Helicopter was among the sectors that performed best as, with its 414 net orders, it achieved [...]