Israel and Sri Lanka added to quarantine free travel corridors list November 19, 2020 Israel and Sri Lanka are among nine countries to have been added to the UK’s travel corridor list, meaning that people can travel to them without quarantining on return. The other countries added to the list are Namibia, Rwanda, Uruguay, Bonaire, St Eustatius and Saba, the Northern Mariana Islands, and the US Virgin Islands. It [...]
Jet2 cagey on next summer after passenger numbers collapse November 19, 2020 Travel firm Jet2 said it remained cautious in its outlook for next summer after falling to a pre-tax loss of £119.3m for the first half of the year. With travel bans and quarantine restrictions in place for much of the six months to 30 September, the package holiday company swung from a £337m profit the [...]
Road pricing can level up the nation and take our outdated transport system into the twenty-first century November 19, 2020 If the leaks from the Treasury this week are to be believed, Rishi Sunak has been presented a study on road pricing by his civil servants. He’d be a fool not to take it seriously. Shifting towards a comprehensive system of road pricing would help the chancellor level up the regions, drive down pollution, and [...]
Crossrail 2 ‘still needed in the future’ despite cash drought November 18, 2020 London’s Crossrail 2 is “ready to be restarted” in the future despite London mayor Sadiq Khan earlier this month agreeing to shelve the £33bn project in return for a bailout for Transport for London (TfL). Khan agreed to put the north-south rail project on ice as part of a last-ditch financial package from Westminster to [...]
Norwegian Air files for bankruptcy protection to save fleet in a bid to survive November 18, 2020 Norwegian Air files for bankruptcy protection to save fleet in a bid to survive
Boeing 737 Max cleared to fly again but industry warns of demand dearth November 18, 2020 Boeing has today won approval from US regulators to begin flying its 737 Max again after the aircraft was grounded due to two fatal crashes. But industry figures warned that the engineer would struggle to ramp up production of the model for several years due to the coronavirus pandemic. It has been nearly two years [...]
London startup Arrival valued at $5.4bn in US listing through Spac deal November 18, 2020 Electric vehicle startup Arrival has merged with a blank-check company to go public in the US at a listing valued at around $5.4bn. The London-based company, which was founded in 2015, has agreed to merge with Nasdaq-listed CIIIG Merger Corporation, a special purpose acquisition company (Spac). This year there has been somewhat of a frenzy [...]
Rail passenger numbers will only hit 75 per cent of pre-pandemic levels in future November 18, 2020 Rail passenger numbers will only return to 75 per cent of pre-pandemic levels in the future, lawmakers were told today. Dominic Booth, the managing director of Abellio Group, told MPs from the Transport Select Committee that rail firms were “very confident about winning the majority of passengers back” when the crisis ends. However, he added [...]
Halfords doubles profit after lockdown cycling boom November 18, 2020 Retailer Halfords more than doubled its profit in the first half of the year after capitalising on the lockdown cycling boom. The FTSE 250 firm, which sells motoring and cycling products, reported pre-tax profit of £56m in the six months to 2 October, up from £25.9m in the same period last year. There has been [...]
European car sales fall in October as new restrictions kick in November 18, 2020 The European car market fell again in October having only recorded its first increase this year the month before, new figures today showed. Last month sales of new cars declined 7.8 per cent to 953,615 units as governments across the continent began to impose new lockdown restrictions. The figures, from trade body the European Automobile [...]