Mitsubishi considers Renault investment to prop up Nissan alliance March 26, 2020 Japanese conglomerate Mitsubishi is considering investing in Renault in one of a number of schemes being discussed to prop up the French carmaker’s alliance with Nissan. French media reported today that Mitsubishi was considering taking a 10 per cent stake in Renault, with other options including restructuring and cost savings plans. Sources told Les Echos [...]
Coronavirus: Airports hit back at Rishi Sunak over aviation rescue u-turn March 26, 2020 The UK’s airports have hit back at chancellor Rishi Sunak’s choice to “row back on [his] vital decision to stand by the aviation sector”, saying that the chancellor seems to have “little recognition” of the fact that airports have different operating models to airlines. On Tuesday Sunak said that state aid would only be given [...]
Coronavirus: London Southend Airport to close for four days a week March 26, 2020 London Southend airport will shut for more than half of the week from Monday due to the complete collapse in passenger demand caused by the coronavirus outbreak. From next week, the airport will only be open between 16:30 and 21:30 on Tuesdays, Thursdays and Sundays due to severely reduced service. Due to the onset of [...]
US senate unanimously approves $58bn package for airlines March 26, 2020 Late last night the US senate voted unanimously in favour of a $58bn (£49bn) rescue package for its struggling aviation industry, which has been decimated by the plunge in travel demand caused by coronavirus. Almost half – $25bn of the total package – comes in the form of grants, which airlines will use to continue [...]
Coronavirus: UK airlines ask government to waive regulatory charges March 25, 2020 The UK’s airlines have again called for the government to implement rescue measures to protect the industry against the impact of coronavirus, which has decimated the sector. The plea comes despite chancellor Rishi Sunak yesterday telling firms that state aid would only be considered as a “last resort” after they had exhausted other means of [...]
Brompton Bikes boss: long-term thinking is needed after coronavirus March 25, 2020 Coronavirus may have stopped everyday life in its tracks, but the boss of one of London’s manufacturing success stories says employers must adopt long-term strategies now for when the wheels start turning again. Will Butler-Adams, the boss of Brompton Bikes, says this applies to macro: the future of transport, as well as the micro: the [...]
Coronavirus: What if I want to cancel a flight? March 25, 2020 The coronavirus pandemic has effectively brought global air travel to a standstill, leaving thousands of Brits wondering what to do about future flights. The Foreign and Commonwealth Office’s advice against all foreign travel until 16 April means that airlines and travel agents are obliged to cancel flights and holidays, and issue refunds or allow passengers [...]
Logistics industry calls on government to extend Brexit transition period to ease pressure on sector March 25, 2020 The UK’s logistics sector body the Freight Transport Association (FTA) is calling on the government to extend the current Brexit transition period to allow firms to concentrate on tackling the coronavirus pandemic. In a statement, the industry body said that “the challenges posed by the Covid-19 virus will make the effective implementation of any new [...]
Coronavirus: Bring back retired Tube drivers, says Tory mayoral candidate March 25, 2020 Almost 150 recently retired Tube drivers should be brought back to reduce rush hour overcrowding during the coronavirus crisis, according to Tory mayoral hopeful Shaun Bailey. Bailey, a London Assembly member, said 139 drivers could be brought back to increase the number of Tube services, similar to what the NHS has done with retired doctors [...]
Coronavirus: London City Airport suspends all flights March 25, 2020 London City Airport has suspended all flights in and out of the airport for the foreseeable future. The airport will stop all commercial and private flights from this evening due to the fallout from the coronavirus. The airport only had a handful of flights today, with numbers sharply decreasing due to the travel restrictions imposed [...]
