Canary Wharf could move into Zone 1 in new Transport for London plan to raise fares January 16, 2021 Canary Wharf could move into Zone 1 in new Transport for London plan to raise fares
Aviation industry risks collapse without ‘urgent’ support following travel curbs January 16, 2021 The aviation industry risks collapse without “urgent” government support, industry groups have warned following the latest travel curbs. From Monday all travel corridors to the UK will be scrapped to prevent any further spread of the new strains of coronavirus. Travellers arriving in the UK must now provide a negative test pre-departure, followed by a [...]
Meggitt posts revenue fall but hopes vaccine roll-out will boost air travel January 15, 2021 Aerospace engineer Meggitt is “well placed” for recovery after it secured £1.7bn in revenue, in one of the toughest years for air travel. Despite a revenue fall of £500m compared to last year, a spokesperson for Meggitt said that it remained “well placed” for recovery. The vaccine roll-out, coupled with cabin fever, has provided Meggitt [...]
Transport for London facing £2bn a year funding gap, warns report January 15, 2021 Transport for London (TfL) is facing a funding gap of up to £2bn every year as a result of Covid-19, a new report has found. The pandemic has forced passengers off London’s transport network in record numbers, causing its finances to crumble. The operator has already received two bailout deals with a combined worth of [...]
AA shareholders approve £218m takeover by private equity firms January 14, 2021 The AA shareholders today approved the takeover deal
Middle-aged Brits look ahead to post-Covid holidays after over-50s get vaccine, says Tui January 14, 2021 FTSE-listed travel giant Tui said it has seen a jump in holiday bookings from those aged over 50 in the UK, which it hasn't seen since the Covid-19 pandemic struck
Virgin Atlantic part-owner Delta posts $12bn loss for 2020 — and is still burning $12m in cash a day January 14, 2021 Delta Airlines, which owns a 49 per cent stake in Virgin Atlantic, has posted an eye-watering $12bn (£8.77bn) loss for 2020.
Norwegian Air scraps long-haul flights, ditches Gatwick base and cuts 2,000 staff in bid for survival January 14, 2021 Norwegian Air scraps long-haul flights, ditches Gatwick base and cuts 2,000 staff
Britishvolt: The batterymaker leading the charge towards the 2030 diesel car ban January 14, 2021 2020 was a dire year for the UK car industry, but buried amid the reports of tumbling vehicle sales was one piece of promising news. For the first time ever, sales of electric vehicles comprised 10 per cent of all new car sales, figures from auto body the Society for Motor Manufacturers and Traders (SMMT) [...]
Wizz Air launches €500m debut bond January 14, 2021 Wizz Air today said that it had sold €500m in three-year bonds at an interest rate of 1.35 per cent. The budget carrier said that the bonds, which are due in 2024, are part of plans to raise €3bn from its euro medium-term note programme. The Hungarian flier said that proceeds from the sale would [...]