Global aviation to recover by mid-2023 despite uncertainty of Ukraine war April 7, 2022 Global aviation is expected to go back to 2019 levels by August 2023 despite the uncertainty caused by Russia’s invasion of Ukraine. According to aviation analytics firm Cirium, traffic at the end of the year will be between 10 and 15 per cent down on pre-pandemic levels, but a steady recovery is expected to continue [...]
Britain will become a ‘wholly owned subsidiary of China’ if sale of Newport microchip giant is approved, govt is warned April 7, 2022 If businesses like Newport Wafer Fab are sold to companies linked to the Chinese government, Britain will simply become a “wholly owned subsidiary” of China, ministers were warned today. Lord Alton of Liverpool called on ministers to reveal whether the Government had any contracts with Newport Wafer Fab, which manufacturers microchips, and whether the Government [...]
Aircraft lessors see ‘horrendous’ hike in insurance costs April 7, 2022 Lessors are already seeing a “horrendous” hike in insurance costs as the Kremlin’s retaliation against Western sanctions start to bite, said BOC Aviation’s boss Robert Martin. “Because there are going to be huge claims on these insurances this year for confiscation or theft if the aircraft aren’t given back, this will then have a knock [...]
Cazoo reports record year as company not impacted by inflationary pressures April 7, 2022 Ongoing inflationary pressures will not impact online car retailer Cazoo, its chief executive Alex Chesterman said yesterday. “Used cars have historically [pushed] in a recessionary environment, while new cars tend to be much more affected,” Chesterman told analysts during a call. “[New cars] are a luxury purchase whereas used cars are functional.” The company said [...]
Traffic chaos and road closures across Kent as queue of Dover lorries on M20 swells to staggering 25 miles April 7, 2022 A 25-mile coastbound stretch of the M20 is currently closed from junction eight near Maidstone to junction 11 around Westenhanger to store thousands of lorries heading for the Port of Dover or Eurotunnel as part of so-called Operation Brock. The queue is causing chaos on surrounding local roads with traffic on major routes in Kent [...]
Boris Johnson: ‘Nuclear is coming home as UK will have a new reactor every year’ April 7, 2022 Prime Minister Boris Johnson said this morning “nuclear is coming home” as a result of the Government’s energy strategy. In a social media video to promote the plan, which is finally being released on Thursday after repeated delays and Cabinet wrangling, the Prime Minister said: “In the country that was the first to split the [...]
Fuel robbery: Thugs manage to steal £250,000 of diesel from Babcock-run tanker on high-security Royal Navy base April 7, 2022 Thieves reportedly managed to steal a huge volume of diesel from a high-security naval base, as the Ministry of Defence has launched an investigation. They made off with fuel from tankers at HMNB Devonport in Plymouth that was used to power electricity generators at the base. The stolen fuel was due to fill up generators [...]
Travel chaos escalates as 23-mile M20 stretch closed after ferry shortage April 7, 2022 Travel chaos continued to escalate today as a 23-mile stretch of M20 was closed due to the ongoing ferry shortage. The motorway was closed from Maidstone to Westenhanger, while thousands of lorries were stuck in bottlenecks on their way for the Port of Dover or the Eurotunnel. Delays at Channel crossings were driven by a [...]
Passenger rights take off as non-EU airlines including BA and easyJet to be made liable for compensation April 7, 2022 Non EU airlines operating flights on behalf of carriers from the bloc will be liable for compensation for delayed and cancelled flights. Issued today by the Court of Justice of the European Union, the verdict represents another boost to passenger rights. “Passengers of a delayed flight may claim compensation from a non-EU air carrier where [...]
Corporate divorce battle between Airbus and Qatar Airways reaches UK judges April 7, 2022 Airbus and Qatar Airways faced each other in a UK court for the first time today since their public feud erupted. The Qatari airline asked a UK judge to prevent the plane manufacturer from revoking an order for 50 A321neo jets. The petition came as the carrier accused Airbus of cancelling the order as a [...]
