London City Airport reports fourth consecutive busiest week March 21, 2022 Passenger numbers continue to grow at London City airport, as the hub reported today its fourth consecutive week of growth since the pandemic’s start. Following the end of all UK travel restrictions, passenger numbers have gone up 40 per cent on February’s levels, while business travel has reached 2019 figures – representing a 46 per [...]
Boeing’s shares fall following China Eastern Airlines’ crash March 21, 2022 Boeing’s shares fell 4.60 per cent today, opening at $184.40 after a 737 operated by China Eastern Airlines crashed in the country. Compared to Friday’s closure, the company’s stocks went down 8 per cent in pre-market trading but recovered slightly after the bell. Authorities said the crash’s cause was still under investigation, but the plane [...]
Govia Thameslink avoids nationalisation plans despite £23.5m Southeastern fine March 21, 2022 Railway operator Govia Thameslink is expected to avoid nationalisation plans even though its subsidiary Southeastern was slapped with a £23.5m fine. A joint venture between the Go-Ahead Group and French public transport company Keolis, Govia is reportedly being awarded a “national rail contract”, which will allow it continue operations. Whitehall sources told the Telegraph an [...]
Irish transport minister to speak with Ryanair following airfare criticism March 21, 2022 Ireland’s transport minister Eamon Ryan said today he would talk to Ryanair after the low-cost airline was accused of hiking prices of flights out of Poland. Larysa Gerasko, Ukraine’s ambassador to Ireland, told a Dublin EU committee last week that it was “unfortunate” behaviour on the airline’s side, especially as Polish airports such as Krakow [...]
Future TfL and tube contracts for factory jobs are ‘at risk’, London Mayor Sadiq Khan warns March 21, 2022 London Mayor Sadiq Khan warned this morning that future contracts for London transport schemes which support jobs across the country are at risk without long-term funding from the Government. Khan is visiting the Siemens Mobility facility, where half the 94 new Piccadilly line Tube trains are due to be built, in Goole in East Yorkshire [...]
Ferry firm ‘tore up PR handbook and flushed every page down the toilet’ March 21, 2022 Communications experts have said P&O’s decision to fire staff was”devoid of decency” and an example of”tearing up the PR handbook and flushing every page down the toilet”. Public relations agency chiefs told City PM over the weekend that the way in which P&0 let staff go could give government authorities more of a free hand [...]
Shock and horror across Asia as China Eastern Boeing 737 with 133 people on board crashes in southwest China March 21, 2022 A Chinese airliner with 133 people on board has crashed in the southern province of Guangxi, sparking a mountainside fire, state media report this morning. Broadcaster CCTV said the accident involves a China Eastern 737 plane and occurred near the city of Wuzhou in Teng county. It said rescuers have been dispatched and there was [...]
CityFibre to get £300m investment from Abu Dhabi sovereign fund for broadband infrastructure rollout March 20, 2022 One of the UAE’s biggest sovereign funds is set to plough a further £300m into the UK’s biggest fibre optic broadband company. The Abu Dhabi government’s Mubadala investment fund, which controls $243bn (£184bn) worth of assets, will give London headquartered fibre optic company CityFibre an extra £300m, after investing £500m in the firm last September, [...]
Swedish car seller thwarted in plan for £400m takeover of Pendragon March 20, 2022 One of Europe’s biggest car sellers has been thwarted in its £400m bid to takeover the UK’s second largest car dealership, Pendragon. The board of Pendragon rejected Hedin Group’s £400m takeover bid, after the Swedish conglomerate put forward a secret offer of 28p a share, according to Sky News. As Pendragon’s largest shareholder, Hedin Group, [...]
DVLA taking ‘extremely seriously’ claims hundreds of staff were on full pay but not working March 18, 2022 The DVLA is taking “extremely seriously”, claims that hundreds of staff were on full pay but not working during an application backlog crisis. The Driver and Vehicle Licensing Agency responded to an in-depth undercover investigation by The Times , insisting allegations against its 6,000-strong staff are “not representative of the hardworking culture” there. This comes [...]
