Third of Easyjet pilot roles in UK at risk of redundancy June 30, 2020 Up to a third of Easyjet’s pilot roles are at risk of redundancy as the low-budget carrier seeks to cut costs after the coronavirus pandemic. The airline revealed today that it had begun consultation with pilots’ union Balpa over the plan to reduce its staff headcount by 30 per cent. The union said the cuts, [...]
Industry reacts as Boris Johnson lays out ‘New Deal’ recovery plan June 30, 2020 Boris Johnson has today laid out his vision for rebuilding the UK after the coronavirus pandemic, pledging to “build build build” to get Britain back on its feet. Citing US president Franklin D Roosevelt’s “New Deal” as a model for the plan, the prime minister unveiled £5bn in infrastructure investment and promised to “scythe through [...]
Geneva Motor Show 2021 cancelled and conference sold June 30, 2020 The organisers of the Geneva Motor Show have said that next year’s event will also be cancelled because of the coronavirus pandemic. The show, which was due to run between 4 and 14 March 2021, will no longer go ahead until 2022, the Salon International de l’Automobile said in a statement. Instead, organisers will now [...]
Tui UK boss calls on ministers to give clarity over ‘air bridges’ June 30, 2020 The UK boss of Europe’s largest holiday company has called on the government to provide certainty on “air bridges” this week to allow Brits to go on holiday. Ministers are expected to provide further details of the plan this week, which will lift blanket 14-day quarantine measures for European countries such as France, Spain and [...]
Exclusive: UK unhappy with treatment from EU in Airbus-Boeing dispute June 29, 2020 Trade secretary Liz Truss has complained to the EU Commission that the UK is being unfairly represented by Brussels in a long-running trade dispute between Boeing and Airbus. EU sources told Morning Wire that Truss set up meetings with high-level figures from the Commission to complain that the other three European countries involved in the [...]
Lookers reveals £19m hole in suspected fraud probe June 29, 2020 Troubled car dealership firm Lookers today said that it would make a £19m adjustment to its accounts in order “to correct overstatements in profitability over several years”. The dealership chain is having its accounts reviewed by Grant Thornton and Deloitte after identifying “potentially fraudulent transitions” this year. As a result of the probe, Lookers has [...]
McLaren seals £150m in funding from Bahraini bank June 29, 2020 Supercar firm McLaren has arranged a new £150m financing facility with Bahrain’s national bank, the lender announced today. The auto company has been hit hard by the coronavirus pandemic, announcing that it would make 1,200 job cuts across its businesses last month. In a regulatory filing, the National Bank of Bahrain confirmed the new funding [...]
Boeing 737 MAX certification test flights could start today June 29, 2020 The Federal Aviation Administration (FAA) has confirmed key certification test flights for the grounded Boeing 737 MAX could begin as soon Monday. In an email to Congress, the FAA said its Type Inspection Authorization (TIA) Board completed its review “clearing the way for flight certification testing to begin”. “Flights with FAA test pilots could begin as [...]
Airbus boss warns production set to fall 40 per cent over next two years June 29, 2020 Airbus boss Guillaume Faury said today that production would drop 40 per cent over the next two years due to the coronavirus crisis, worse than the company had originally suggested. Speaking to German media, Faury said: “For the next two years – 2020/21 – we assume that production and deliveries will be 40 per cent [...]
Amazon buys self-driving startup Zoox for $1bn June 26, 2020 Amazon has acquired US self-driving startup Zoox, marking its first major step into the driverless cars market. The deal is valued at more than $1bn, the Information first reported. Amazon declined to confirm the size of the acquisition. Zoox chief executive Aicha Evans and chief technology officer Jesse Levinson will continue to lead Zoox as [...]