Ryanair traffic soars while O’Leary pushes for Spain and Italy to join UK travel green list June 2, 2021 Ryanair traffic soars more than 2,400 per cent year-on-year in May as EU skies begin to reopen
Transport for London secures £1.08bn emergency funding deal June 1, 2021 Transport for London has secured a £1.08bn emergency funding deal with the government to provide financial support during ongoing Covid-19 restrictions. The latest cash injection, agreed with the Department for Transport, will cover the period from 29 May until 11 December. The funding package is designed to contribute to the organisation’s revenue loss due to [...]
Ryanair boss calls for open travel to all EU countries June 1, 2021 Ryanair boss Michael O’Leary has urged the government to open up travel to all EU countries to enable Brits to enjoy restriction-free summer holidays abroad. The budget airline chief called on transport minister Grant Shapps to ease international travel rules within the bloc for anyone who has been fully vaccinated at the next review of [...]
Heathrow Airport finally separates red-list country flights from lower-risk arrivals June 1, 2021 Heathrow Airport finally separates flights from red list countries from green and amber arrivals
Heathrow boss calls for government to reveal likely summer green list countries May 30, 2021 Heathrow’s chief executive has urged the government to reveal which countries are likely to be included on its travel green list in summer in order to give holidaymakers time to prepare. John Holland-Kaye said today that he thought Spain would eventually be “coming into the green zone” as it has low infection rates, but that families [...]
Ryanair’s O’Leary hammers Irish government over ‘untold damage’ to aviation May 27, 2021 Ryanair boss Michael O’Leary has accused the Irish government of bringing “untold damage” on the aviation and tourism sector. The budget airline’s chief executive also criticised transport minister Eamon Ryan for having no “plan, policy or commitment” on aviation, and said the government should announce an “immediate rescue plan” for the sectors. The carrier recently [...]
Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London May 27, 2021 Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening. If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The [...]
Tui sells minority take in Riu Hotels for €540m May 27, 2021 Holiday giant Tui said this evening that it had agreed to sell its 49 per cent stake in Spain’s Riu Hotels SA to co-owner Riu-Group for €540m (£463.8m). The deal gives the joint venture, which comprises of 21 properties, an enterprise value of €1.5bn. The Anglo-German firm said that its separate 50/50 hotel management joint [...]
End the political games, TfL and DfT urged, as new funding deadline looms May 27, 2021 London’s politicians and business leaders called on the government and Transport for London (TfL) to end the “political games” and agree a long-term funding deal for the network as the latest round of negotiations reached their final hours. Tomorrow the latest extension to the last funding deal runs out, leaving the operator once again without [...]
First Group bus sale squeaks through as investors give green light May 27, 2021 Shareholders have this afternoon narrowly approved the sale of First Group’s US operations to Scandinavian fund EQT despite a strident campaign against the deal. At today’s AGM 61.3 per cent of investors backed the $4.6bn (£3.3bn) deal, with 38.7 per cent voting against it. The results means that Coast Capital’s attempts to derail the sale [...]
