Airlines fear chaos over digital Covid-19 passports June 29, 2021 Airlines have warned of chaos over the EU’s digital Covid certificates plan, due to start on 1 July, unless countries work together better. Watch the full report.
Jaguar Land Rover to stop Defender production due to chip shortfall June 29, 2021 Jaguar Land Rover (JLR) has been forced to pause production of its Defender 4×4 due to the ongoing global shortage of semi-conductor chips. The firm has been forced to slow down output at its factory at Nitra in Slovakia, where it makes the popular model, as a result of the shortfall,. It was scheduled to [...]
Flying cars that take off vertically will be in UK streets within ten years, says Hyundai’s UK chief June 29, 2021 UK streets should brace themselves for flying cars as a senior automotive chief claims they will be deployed within the next ten years. Michael Cole, the president and chief executive of South Korean car maker Hyundai’s UK and European operations, said the technology will cut congestion and emissions. Speaking at a conference organised by the [...]
Auto industry calls for battery gigafactory push ahead of Nissan announcement June 29, 2021 The UK auto industry has today called for the government to invest in a string of battery gigafactories or risk tens of thousands of job losses. The calls come amid reports that car giant Nissan will this week lay out plans to build such a plant in Sunderland, in what would be a huge vote [...]
United Airlines confirms $30bn aeroplane order for 270 jets June 29, 2021 United Airlines has officially confirmed it is placing an over $30bn aeroplane order for around 270 Boeing and Airbus jets today, after a flurry of reports regarding the deal yesterday. After plane prices fell amid the pandemic, the airline sought favourable prices to boost its pandemic recovery, Reuters first reported. The order includes 200 Boeing [...]
Norwegian Air slammed for dishing out bonuses weeks after court-ordered restructuring June 29, 2021 Norwegian Air has been slammed by Norway’s industry minister today for dishing out bonuses to top management just weeks after emerging from court-ordered bankruptcy proceedings. The budget airline emerged from a comprehensive restructuring process at the end of May, raising around $705m for it to exit bankruptcy protection. “That shows poor judgment,” Norwegian trade and industry [...]
US-UK travel corridor talks hit roadblocks over surge in cases – report June 28, 2021 The chance of the UK and US opening an air “travel corridor” by the end of the summer is growing increasingly unlikely due to the rise in Covid-19 cases in Britain. Citing officials involved in the talks, the FT reported that negotiations between the two nations, which had started last week, were now likely to [...]
IAG and Easyjet lead fall in travel shares as Spain and Portugal introduce quarantine for unvaccinated Brits June 28, 2021 Airline stocks including BA owner IAG, Easyjet, and Ryanair all tumbled today as more European countries imposed travel restrictions on UK holidaymakers. FTSE 100 IAG was down 5.8 per cent by the mid afternoon, while budget carrier Easyjet also dropped 5.0 per cent. Fellow blue-chip Rolls-Royce, which makes the engines used by most commercial jets, [...]
Carnival to sell $500m in shares as cruises restart June 28, 2021 Cruise giant Carnival today said that it would sell $500m (£359.6m) worth of shares as it seeks to raise yet more cash amid the coronavirus pandemic. Over the last year the firm has already raised $2.5bn in order to stay afloat while sailings were cancelled due to travel restrictions. As of last week, however, Carnival [...]
Nissan puts hundreds of factory staff back on furlough after surge in Covid-19 cases June 25, 2021 Nissan furloughs hundreds of factory staff after surge in Covid cases
