Airbus shares cruising as planemaker ups production targets May 27, 2021 Planemaker Airbus today upped its jet production targets, saying that the sector’s recovery from the Covid-19 pandemic had now begun. The European aerospace giant said that a recovery in single-aisle planes would lead the commercial market back to pre-Covid levels between 2023 and 2025. Investors flocked to the firm’s bullishness, with shares in Airbus up [...]
Canada saw most commuters since beginning of pandemic last week May 27, 2021 The most people travelled into Canada last week than at any point since the pandemic began last March as life in the capital continues to edge back to normality. According to the latest figures from Transport for London, there were 258,461 trips made in-and-out of stations in the Square Mile and Canary [...]
Stop, go, stop: Easyjet and Jet2 bosses slam ministers over traffic light travel ‘guessing game’ May 27, 2021 The CEOs of Easyjet, Jet2, and the owner of Stansted airport have slammed the UK Government for its handling of the return of international holidays via a traffic light system where a country must be on the green list in order to facilitate return travel.
Gama Aviation suffers $14.7m loss but focuses on emergency service flights May 27, 2021 British aviation company Gama Aviation, like most airline businesses, suffered a gruelling financial year after the Covid-19 pandemic grounded flights across the globe. Gama reported a statutory loss of $14.7m this morning, down from a loss of $11.5m in 2019, in the year to 31 December. While unable to fly commercially across borders, the group [...]
Car production bounces back on 12-month anniversary of factory shutdowns May 27, 2021 UK car production returned to near normality in April compared to the same month a year before as automakers continued to struggle with the shortage of semiconductor chips. Britain made 68,306 cars last month, up from 197 a year ago when factories were shuttered due to the initial Covid-19 lockdown. Compared to April 2019, the [...]
Uber strikes deal with GMB union over driver representation May 26, 2021 Union GMB will now represent Uber drivers after striking a deal with the ride-hailing firm, it was announced this evening. The firm’s 70,000 drivers will now be able to choose to be represented by the union if they wish, in a first for the sector. The deal comes months after Uber said it would treat [...]
Airline SAS gets £255m loan guarantee from Denmark and Sweden May 26, 2021 Sweden and Denmark said today that they had agreed to offer ailing airline SAS, in which both countries own stakes, a 3bn Swedish crown (£255m) loan guarantee. The Covid-19 pandemic has seen air travel collapse, plunging the industry into crisis and leaving carriers scrambling to secure funds to weather the slump. SAS said the credit [...]
Ford aims for 40 per cent electric car sales by 2030 May 26, 2021 Ford today said that it was aiming for 40 per cent of its sales to be of electric cars by 2030, sending shares up 7.0 per cent today. The announcement came as the Michigan-headquartered firm unveiled a new strategy, call Ford+, that will see it put $30bn into electrification over the next decade. That is [...]
Nissan ‘in talks’ to build Sunderland battery gigafactory May 26, 2021 Nissan is reportedly in talks with UK ministers over plans to build a new battery gigafactory at its existing site in Sunderland. The new facility, the FT reported, would be run by the Japanese car giant’s subsidiary Envision AESC, and would produce enough batteries for 200,000 electric cars each year. Nissan said it had “no [...]
Island time: Mykonos, Ibiza and Canaries set for UK green list even if mainland Greece and Spain stay amber May 26, 2021 Island time: Mykonos, Ibiza and Canaries set for UK green list even if mainland Greece and Spain stay amber
