Delta and Air France-KLM challenge MSC and Lufthansa for control of ITA March 10, 2022 Aviation giants Delta Airlines and Air France-KLM are reportedly challenging the MSC and Lufthansa’s bid for Alitalia’s successor ITA Airways. Backed by an international fund, Delta and Air France-KLM have shown their interest in acquiring a majority stake in the newly born Italian carrier, Italian Government sources told newspaper La Repubblica. The joint partnership is [...]
Moscow orders airlines to hold leased planes hostage amid growing sanctions March 10, 2022 The Kremlin today threatened to impound the aircraft leased to Russian airlines, casting doubts over the fate of 780 planes worth a total of $10bn. According to a draft law proposed by the Russian transport ministry, carriers should be required to pay leases in rubles for the whole of 2022, de facto allowing them not [...]
National Express believes Stagecoach offer was ‘compelling’ as results improve March 10, 2022 Mobility giant National Express said its £445m takeover proposal made to Stagecoach was ‘compelling’ after Stagecoach snubbed it in favour of asset manager DWS. “We continue to believe that we made a compelling offer for Stagecoach, providing both sets of shareholders with the opportunity to share in the significant value created from both the material [...]
Exclusive: London ‘insurtech’ firm Loadsure gets funding injection March 10, 2022 Insurance tech firm Loadsure announced a $11m funding injection today as it looks to ramp up its tech development for the global cargo and freight insurance market.
Investigation finds errors in Carillion’s drain caused Stonehaven crash March 10, 2022 Errors in the Carillion-built drainage system caused the 2020 Stonehaven rail crash, the Rail Accident Investigation Branch (RAIB) said today. According to the investigation, design differences and the way the system was built meant that it was unable to sustain the amount of rail falling on the morning of 12 August 2020 in Aberdeenshire, Scotland. [...]
Energy giants pump £75m into offshore wind schemes following UK ban on Russian oil imports March 9, 2022 Two energy giants will pump £75m into offshore wind projects, which could light 8.5m homes, as Britain looks to wean itself on dependence for Russian oil. ScottishPower and Shell have set aside the cash stimulus for initiatives to improve clean energy, after the duo were awarded rights to develop floating wind projects off the country’s [...]
Gatwick reduces pandemic losses following strong end to 2021 March 9, 2022 Gatwick has reported that despite ever-changing travel restrictions, the last few months of 2021 helped the airport reduce its annual losses by 25.6 per cent. In the year ended 31 December, the London hub shrank its pandemic-induced losses from £465.5m to £370.6m, while its EBITDA remained at a negative £26.3m because of the reduced passenger [...]
Ryanair forced to slash 19 Lisbon routes as Portuguese carrier Tap holds on to airport slots March 9, 2022 Ryanair said today it was forced to slash 19 Lisbon routes after it gave up 3 aircraft due to insufficient landing slots. The move, which has led to the cancellation of 5,000 flights and 900,000 passengers, was caused by Portuguese flag carrier TAP’s decision to hold on to its unused slots. “We deeply regret all these [...]
Uber joins London boroughs in £5m EV charger boost March 9, 2022 Hundreds of new electric-vehicle chargers are set to be installed across north and east London, following an agreement between Uber and three London boroughs.
DfT reports London tube strikes brought down passenger numbers to 4 per cent of pre-pandemic levels March 9, 2022 The RMT’s London tube strikes of last week had a devastating impact on passenger numbers, according to Department for Transport (DfT) figures. Data showed that on Tuesday and Thursday ridership numbers plummeted to 4 per cent of pre-pandemic levels – the lowest since the Covid pandemic first hit in March 2020. On 4 March, levels [...]
