Carlos Ghosn launches executive training programme in native Lebanon September 29, 2020 Former Nissan and Renault boss Carlos Ghosn is set to launch a management and business programme at a Lebanon university nine months after fleeing to his childhood home from Japan where he faced trial. Ghosn escaped to Beirut after being charged with financial wrongdoing by Japanese prosecutors but denies the allegations. He has now revealed [...]
AA extends takeover offer deadline as interim profits slip September 29, 2020 AA has extended the deadline for private equity suitors to make a takeover offer for the company, as the roadside assistance group reported a drop in profit as the pandemic hit its operations. The company confirmed last week that it was in talks about a possible all-cash offer from a consortium made up of private [...]
Car dealer Pendragon returns to profit after first half loss September 29, 2020 Car dealer Pendragon said that trading had shown a “significant improvement” in July and August after the company posted a smaller loss for the first half of the year. The London-listed firm said that though the outlook for the rest of the year was uncertain, it was confident that it was “well-positioned” in the long [...]
Sadiq Khan warns of return to ‘bad old days’ without new TfL bailout September 28, 2020 Sadiq Khan has warned that Transport for London (TfL) will return to the “bad old days” of crumbling infrastructure and unreliable services if the government does not provide it with a second bailout. City Hall officials are currently in negotiations with government over a new financial support package for the transport operator, which has had [...]
Norwegian Air in talks over potential nationalisation September 28, 2020 Norway’s government is considering taking a stake in Norwegian Air in a step that would see the embattled carrier temporarily nationalised. The airline’s bosses have been meeting with government officials over the last week, the Telegraph first reported. The meetings come after Norwegian’s chief executive said that the budget flier would need an additional injection [...]
Uber wins bid to regain London operating licence September 28, 2020 Uber has won its legal bid to regain its licence to operate in London after a long-running court battle. Deputy senior district judge Tan Ikram said that despite its previous failings, the firm was now “fit and proper” to hold a licence. Ikram decided to give the firm a licence to operate for 18 months, [...]
Easyjet avoids compulsory redundancies as pilots opt for part-time work September 25, 2020 Easyjet has avoided making any compulsory redundancies to its pilots despite plans earlier this summer to cut up to a third of jobs. The airline has been engaged in consultation with the British Airline Pilot Association (Balpa) since the coronavirus pandemic hit the UK in March regarding job cuts. Despite rejecting several proposals, a breakthrough [...]
Car production plunges as surge in cases slams breaks on sector recovery September 25, 2020 Car production plunged again in August, falling 44.6 per cent year on year as factory output stalled amid ongoing disruption caused by the coronavirus crisis. Just 51,039 models were built last month, down from 85,000 in July, according to figures from the Society of Motor Manufacturers and Traders (SMMT). Weaker demand for British-built cars in [...]
Heathrow Airport operating at a fifth of normal levels September 23, 2020 The boss of the UK’s largest airport has said that Heathrow is operating at 15 to 20 per cent of its normal levels for this time of the year. Speaking at today’s World Aviation festival, which is being held virtually, John Holland-Kaye reassured listeners that demand would return despite the current downturn in traffic. He [...]
IATA calls for worldwide airport testing to replace quarantine September 22, 2020 Global airline body the International Air Transport Association (IATA) has said that all international passengers should be given coronavirus tests before departing in order to scrap current quarantine measures. Speaking at an online briefing, IATA director Alexandre de Juniac said that there was no alternative solution that was “less challenging or more effective”. He said [...]