EU court adviser green-lights airline passenger data law January 27, 2022 The European Court of Justice’s advocate general Giovanni Pitruzzella has given the green light to a law that allows the gathering of airline passengers’ information. According Pitruzzella, under the 2016 Passenger Name Record Directive, authorities should access passengers’ information on all flights to and from the EU only in security matters, including terrorism and other [...]
MSC goes in for majority stake in ITA, telling ‘the Germans’ to settle for minority share January 27, 2022 Shipping giant MSC has made clear it wants a majority stake in the takeover of Italian airline and Alitalia successor ITA Airways, leaving Lufthansa with a minority share of the company. “The most important thing for us is to have a majority share in ITA Airways. The Germans can come in as a commercial partner [...]
EasyJet remains optimistic about 2022, as UK spearheads booking growth January 27, 2022 EasyJet’s chief executive Johan Lundgren has said the airline remains optimistic about 2022, following a recovery in customer confidence. “Customers are more confident in their ability to travel due to our flexible policies,” Lundgren told investors this morning following the company’s first quarter results. In the UK, bookings initially jumped off on 5 January, when [...]
Commercial vehicle output grows amid ‘dismal year’ for UK car manufacturing January 27, 2022 The UK commercial vehicle output has grown 11.3 per cent in 2021, despite a ‘dismal year’ for the British automotive industry. According to figures released today by the Society of Motor Manufacturers and Traders (SMMT), over the course of the year production climbed 27.3 per cent. As a result of the lockdown-induced surge in home [...]
Go green or go home: Renault, Nissan and Mitsubishi invest £19.2bn in EV development January 27, 2022 A consortium formed by automotive giants Renault, Nissan and Mitsubishi will invest €23bn (£19.2bn) within the next five years to develop electric vehicles (EV). As part of its Alliance 2030 electrification strategy, the consortium will increase the number of common EV platforms from four to five, developing 35 new EV models by 2030. The car [...]
Rail operators to lure commuters back to trains with bacon rolls January 27, 2022 Commuters are being lured back to trains via Greggs bacon rolls, as low passenger numbers spell crunch time for rail operators. A new complimentary breakfast rewards scheme has been hauled in by the Rail Delivery Group, with Omicron continuing to weigh on commuter levels. Those who sign up can also get their hands on free coffees [...]
Ola injects £100m into UK engineering and design innovation January 27, 2022 Ola Electric, India’s leading manufacturer of EVs, today announced Ola Futurefoundry, its global centre for advanced engineering and vehicle design.
Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
EasyJet CEO confident ‘testing will become a thing of the past’ January 27, 2022 EasyJet said this morning it is seeing a boost in bookings from the move to scrap Covid travel tests, after the spread of the Omicron variant hit passenger demand last month. The low-cost airline said Omicron saw its load factor – a measure of how well it fills its planes – slump to 67% in [...]