Easyjet to axe 30 per cent of staff as coronavirus hits airline sector May 28, 2020 Budget airline Easyjet today said it would cut up to 30 per cent of its staff and reduce its fleet in preparation for an expected slowdown in flights in the aftermath of coronavirus. Easyjet said it would launch a consultation with staff in the upcoming days. The airline said it does not expect demand to [...]
Norwegian Air loss deepens after carrier clings on May 28, 2020 Norwegian Air today reported that it made a loss of 3.3bn Norwegian krone (£270m) in the first quarter after the low-cost carrier narrowly avoided going out of business due to the coronavirus pandemic. The loss for the period was 66 per cent deeper than that reported in the same quarter last year, when the airline [...]
Nissan backs UK plant as it unveils restructuring plan May 28, 2020 Nissan’s Sunderland factory will stay open as the Japanese carmaker unveils its global restructuring plan amid the coronavirus crisis. However, the carmaker will close its plant in Barcelona, resulting in the loss of about 2,800 jobs, according to the Spanish government. The closure could cost Nissan up to €1bn (£898m), the government said. It is [...]
More than 70 travel bosses sign letter calling for end to quarantine May 28, 2020 More than 70 bosses of travel companies have signed a letter calling on the government to scrap a planned 14-day quarantine for arrivals from overseas. From 8 June travellers arriving from abroad will be asked to quarantine for 14 days or risk paying a £1,000 fine to help stop the spread of coronavirus.. Holiday and [...]
London First: Give more powers to City Hall to fund TfL May 28, 2020 Business group London First has this morning called on the government to devolve further powers to the Greater London Assembly in order to secure the long-term finances of Transport for London (TfL). In a new report produced in partnership with KPMG, the group argues that unless City Hall is given access to tax revenues via [...]
Boeing to cut nearly 7,000 jobs as coronavirus batters aircraft demand May 27, 2020 Aerospace giant Boeing will lay off 6,770 workers this week, with several thousand more set to be cut over the coming months. In an email to staff today, chief executive Dave Calhoun shared the news, saying: “I wish there was another way”. In April, the planemaker said that it would cut 10 per cent of [...]
Lufthansa board stalls bailout decision over landing slot conditions May 27, 2020 Lufthansa’s supervisory board has this afternoon postponed approval of the German flag carrier’s €9bn bailout package due to conditions imposed by the European Union. As part of the deal, the body’s executive the European Commission had asked Lufthansa to waive the rights to six out of 300 landing slots at Frankfurt and Munich airports. At [...]
Transport for London taps former New York transit chief as new boss May 27, 2020 Transport for London (TfL) has this afternoon named Andy Byford as its new transport commissioner. The former chief executive of the New York City Transit Authority will take over from his predecessor Mike Brown in July. Brown, who has held the role for five years, will take on a new position overseeing the renovation of [...]
Renault, Nissan and Mitsubishi to increase technology sharing May 27, 2020 Renault, Nissan and Mitsubishi have announced details of a new strategy to deepen cooperation in developing and producing cars, in a bid for survival. The carmakers have been hit hard by the coronavirus pandemic just as they were reworking their partnership after the arrest of chairman Carlos Ghosn. Last year Ghosn made an astonishing escape [...]
Renault to cut 5,000 jobs by 2024 – report May 26, 2020 French automotive giant Renault is set to announce plans to cut up to 5,000 jobs over the next five years in a cost-saving drive, local media reported. The company, which is still in the process of securing a €5bn state loan in order to bolster its coronavirus-stricken finances, is looking to save €2bn in costs. [...]