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Bus deregulation outside London has been a failure thinktank report
Bus passenger journeys outside London have fallen by 32.5% since 1986, but within the capital they have risen by 99%Millions of bus passengers who rely on services outside London have been let down by a lack of competition and the failure of deregulation, a report warns. They include the poorest fifth of all households, who cannot afford cars and yet who end up taking more taxi journeys each year than any other income group because of the unreliability and high fares of their local buses.
‘Give transport power to regions’
THE regulation of trains and buses should be shifted to powerful regional transport bodies, according to a new report.
Tuesday, 26 August 2014
Financial Times
- China buys 82 Boeing jets for $8.8bnAircraft leasing subsidiary places biggest single order yet for new jets, half of which will be for the booming market for Asian air travel
- Lufthansa faces fresh strike threatFrankfurt-based airline wants to find a solution with pilots’ union, which is seeking higher pay and the option of early retirement
Aviation Industry
- Finnair closes in on Wi-Fi decisionFinnair CEO Pekka Vauramo has hinted he is on the verge of announcing aircraft connectivity plans, which could include a fleet-wide rollout of passenger Wi-Fi. read more
- Lufthansa could face another pilot strike Lufthansa pilots could go on strike again, German pilot union Vereinigung Cockpit (VC) has announced. read more
- Oil prices likely to remain stable The price of crude oil has remained roughly even over the last year and is not expected to rise in the near term. read more
- Air Canada: Strong 2Q profit sign of ‘sustainable’ turnaroundAfter years of financial struggles, Air Canada believes it has turned the corner and is positioned to be consistently profitable going forward. read more
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