London transport freedom passes for all – but at what cost? September 11, 2020 Earlier this week it was reported that senior London business figures were pressing the mayor and Transport for London (TfL) to offer free travel on public transport to encourage the public, in their guise as potential consumers, to venture into the city and make free with their hard-earned pounds. Ewan Venters, CEO of Fortnum and [...]
Mainland Portugal added to England’s quarantine list September 10, 2020 Portugal has been added to England’s quarantine list after a consistent rise in new cases, transport secretary Grant Shapps has confirmed. From four o’clock on Saturday morning, travellers from mainland Portugal, Hungary, French Polynesia and Reunion will have to self-isolate for 14 days. In a tweet Shapps said: “Data shows we need to remove PORTUGAL [...]
Exclusive: Private jet flights soar back as commercial recovery lags September 10, 2020 The European private jet industry has recovered at a far quicker rate than its commercial counterpart, City PM can reveal, in a rare glimmer of light for global aviation, which has been hammered by coronavirus. According to data from business jet brokers Colibri Aircraft, the number of European business aircraft departures in July was only [...]
Bring in airport testing by end of the month or risk ‘ruin’, airline bosses warn September 10, 2020 The bosses of the UK’s largest airlines have called on the government to implement an airport testing regime by the end of the month, warning that the country risks “economic ruin” otherwise. In a letter to Boris Johnson, the chief executives of British Airways, Easyjet, Ryanair, Virgin Atlantic, and Tui, among other, said that the [...]
McLaren puts iconic Woking HQ up for sale for £200m September 10, 2020 Sports car maker McLaren has put its iconic headquarters near Woking in Surrey up for sale in a bid to shore up its balance sheet amid the ongoing coronavirus crisis. Sky News first reported that the firm has instructed property agent Colliers to begin marketing a sale-and-leaseback of the McLaren Technology Centre, with offers in [...]
British Airways owner IAG to cut more flights over winter September 10, 2020 British Airways owner IAG will cut more flights over the coming months than it had previously planned as the recovery in international air travel from the coronavirus pandemic stalls. In an operations update, IAG said that it would now fly at 40 per cent capacity through the autumn, down from past estimates of 54 per [...]
Saga launches £150m raise as former owner returns September 10, 2020 Cruise and insurance firm Saga today launched a £150m capital raise this morning as the company reported a £55.5m loss for the first half of 2020. As part of the deal, former boss Roger de Haan will return to the company his father founded as non-executive chairman. He will invest up to £100m into the [...]
One in five Londoners will not go back to pre-Covid levels of Tube usage September 10, 2020 A little more than one in five Londoners do not believe they will use the Tube at the same frequency as they did prior to the coronavirus pandemic, according to a new survey. A newly released YouGov survey, seen exclusively by City PM, showed that 22 per cent of Londoners expect their decreased use of [...]
Hammersmith Bridge: Government thinks TfL inflated £140m repair estimate September 9, 2020 The government is refusing to fund repairs for the closed Hammersmith Bridge because it believes the £140m price tag has been inflated by the local council and Transport for London (TfL), City PM can reveal. A source close to transport secretary Grant Shapps said the government wants to fund the restoration of the 133-year-old West [...]
Hammersmith Bridge: Sadiq Khan in fierce row with government over closure September 9, 2020 City Hall and the government have today locked horns over who is responsible for the closed Hammersmith Bridge in what is becoming a heated row. The government announced today it was creating a Hammersmith Bridge taskforce that will be responsible for getting the West London river crossing open again. The group, which will be led [...]
