Rail union bosses who called for biggest train strike in 25 years take home £280,000 in pay and perks July 12, 2022 With the transport unions having voted on the ‘biggest rail strike in 25 years’, it has been revealed that two Aslef trade union bosses had a combined total remuneration of £281,601 in 2021. Aslef’s general secretary, Mick Whelan, took home £151,371 in total remuneration in 2021. While Aslef’s Assistant General Secretary, Simon Weller, received £130,230 in the same year, the TaxPayers’ Alliance said [...]
Exclusive: Lime sets eyes on future US IPO, but timeline still unclear July 12, 2022 US electric bike and scooter company Lime continues to have its eyes set on becoming a public listed company, but London looks set to miss out on the float. “We are always working to be in a position in which we would be ready,” Lime’s president Joe Kraus told City PM during an exclusive interview. [...]
Railway ticket office and platform staff vote to back strike action at Southeastern and Network Rail July 11, 2022 Ticket office and railway platform staff working for Southeastern and Network Rail have voted in favour of industrial action, in ballots by the TSSA union. According to the union, which announced the ballot’s result today, 73.9 per cent of Southeastern members balloted voted in favour of walking out while 85.1 per cent said yes to [...]
Train drivers at eight railway firms vote in favour of industrial action July 11, 2022 Train drivers will join the wave of industrial action that has brought the country to a standstill as members of the union Aslef at eight operators have voted in favour of industrial action. No dates have been announced yet, but if it were to go ahead, the industrial action will hit services on Chiltern, GWR, LNER, [...]
Heathrow apologises for poor service as it continues to battle travel chaos July 11, 2022 Heathrow has apologised for unacceptable service levels as it continues to battle the ongoing travel chaos. In a trading update published today, the west-London hub said that while it started recruiting staff in November, rebuilding capacity quickly following the end of travel restrictions had been “very challenging.” Over the last few weeks, travellers have reported [...]
Go-Ahead’s bidder weighs options following group’s optimistic outlook July 11, 2022 Australian tour operator Kelsian said it was still weighing its options over the possible takeover of Go-Ahead as the transport powerhouse remained optimistic following a surge in passengers. Kelsian, which has until 1 August to make a firm offer, is going up against the £647.7m offer made by an Australian-Spanish consortium. The consortium – made [...]
Menzies’ boss blames government’s inaction for travel chaos July 11, 2022 The government’s inaction has contributed to the ongoing travel chaos, according to Philipp Joeinig, boss of aviation services firm Menzies. The chief executive blamed specifically former Chancellor Rishi Sunak and transport secretary Grant Shapps, as he said industry requests didn’t translate into “forthcoming help” from the government’s side. Both Shapps and Sunak have thrown their [...]
Wizz Air to cut additional flights as it posts €285m operating loss July 11, 2022 Wizz Air has announced it will cut an additional 5 per cent of services to guarantee smoother operations amid the ongoing travel chaos, which has affected the aviation industry in the UK and in Europe. The Hungarian airline, listed in London, said it had improved the “agility and resilience” of its network, adjusting its schedule [...]
Half of Brits in favour of scrapping HS2 July 9, 2022 Half of Britons are in favour of scrapping the HS2 project as costs continue to mount. Around 52 per cent of those who voted Conservatives in the 2019 election are against the project, compared with 17 per cent who think the high-speed rail from London to the Midlands should go ahead, the Telegraph first reported. [...]
Aircraft lessor writes off $1.1bn loss as planes remain in Russia July 9, 2022 Aircraft leasing company SMBC has written off a $1.1bn loss as 34 of its planes remain stranded in Russia following the invasion of Ukraine. The Dublin-headquartered company, one of the biggest in the world, decided to expense the fleet’s value this financial year, as the war in Ukraine is expected to continue for some time [...]
