Airlines will spend around $5.2 trillion on 33,000 new planes over the next 20 years July 11, 2016 The world's airlines will spend over five trillion dollars on new aircraft over the next twenty years. Airbus has added 500 planes to its previous forecast, taking total demand over the next two decades to 33,070, with a price tag of a cool $5.2 trillion (£4 trillion). By 2035, the world’s aircraft fleet will have doubled [...]
Volkswagen under pressure from European Commission over compensation in wake of diesel scandal July 7, 2016 The European Commission is putting pressure on Volkswagen (VW) after it refused to compensate car owners in Europe while at the same time paying compensation in America. The commission is voicing its frustration at the carmaking giant after it offered up to $10,000 each to owners in the US, while offering nothing to European counterparts. The [...]
Farnborough Airshow: Boeing soars above Airbus ahead of week-long industry event July 7, 2016 Boeing is soaring above rival Airbus ahead of the week-long Farnborough Airshow, which analysts expect to be a "damp squib". Airbus said this week it had booked 27 new plane orders in June and delivered 64, marking a difficult road ahead to meet full-year targets. It goes into the week-long industry event having booked 183 new orders in [...]
Private jet flights from China to Europe soar as sterling falls to Earth July 6, 2016 The number of private jets flying into Europe from China has taken off this year, climbing by 43 per cent on the same period last year. Data from private jet company Magnus Aviation has shown that in June, private jets flying in to Europe from China increased by 41.7 per cent from same month last year. [...]
Sadiq Khan is to institute a £10 charge for London’s most polluting vehicles, while accelerating the planned expansion of the ultra-low emission zone July 5, 2016 Sadiq Khan has fleshed out his proposals to tackle London's air quality, including specifying new charges for drivers in environmentally unfriendly vehicles. Khan made tacking the city's pollution a key plank of his election platform, and figures last month showed that Londoners living in the capital’s most deprived boroughs are significantly more likely to die [...]
Southern is going to cut 341 trains a day in a revised timetable July 5, 2016 Southern Rail is to cut 341 trains a day as it revises its timetable to respond to prolonged cancellations and delays. The new schedule, which allows the cancellation of 15 per cent of trains, will start on Monday amid growing tension with RMT union, which has said the firm is in "crisis management". Southern Passenger Services [...]
Balfour Beatty wins £170m Heathrow Airport contract to upgrade baggage screening systems July 5, 2016 Infrastructure firm Balfour Beatty has won a £170m contract to upgrade baggage screening and handling systems for Heathrow Airport. The project will involve upgrading and installing baggage screening and handling systems at Heathrow's eastern baggage facility. The company's share price fell 2.03 per cent in early trading. Balfour Beatty boss Leo Quinn said: "This contract award is testament [...]
Work and pensions secretary Stephen Crabb and Tory backbencher Liam Fox have both lent their support to expansion for Heathrow July 4, 2016 Work and pensions secretary Stephen Crabb has promised an immediate green light for Heathrow expansion if he is selected as the new Conservative leader. Crabb has committed to expanding the South West London airport “as soon as possible” after his selection. A decision on Heathrow was expected this summer, but was again delayed last week [...]
Ryanair has cancelled over 100 flights due to more French strikes on Tuesday 5 July July 4, 2016 Budget airline Ryanair has called on the European Commission to take action over striking air traffic controllers (ATC) in France, after being forced to cancel more than 100 flights. The company has had to call off 102 flights due to take place tomorrow, and said the cancellations will affect over 18,000 customers – with 100,000 more [...]
RMT union says Govia Thameslink Railway franchise is being given permission to cancel 350 trains a day July 4, 2016 Govia Thameslink Railway (GTR) has been given permission by the government to introduce an emergency timetable from next Monday, allowing them to cancel 350 more trains a day, a union has warned. The RMT union said the figures were confirmed to the union at a GTR meeting on Friday, and that the emergency timetable will [...]