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Wednesday, 16 July 2008

BBC News

Financial Times

  • GM's survival planRick Wagoner says GM faces a crisis and he is pulling out the stops to survive it. So bang goes the dividend, executive cash bonuses, truck plants and more white-collar jobs
  • PIA offers property swap for debt aidPakistan International Airlines plans to ask the government to assume its debts in return for taking control of a global portfolio of the carrier's properties worth $1bn
  • Fuel costs threaten BA dividendAirline's chairman warns investors it is 'up to its neck in perhaps the biggest crisis the aviation industry has ever known'

The Guardian

  • The low-carbon road out of povertyThe government's current transport policy fosters oil dependence and exacerbates problems for the poorest households
  • Full steam againIn 1946 Paul Kiefer, chief mechanical engineer of the New York Central Railroad, set his latest steam locomotive, the potent, coal-burning 6,700hp Niagara class 4-8-4, against General Motors' brand new diesel-electrics.
  • BA: Winter flights put on iceBusiness & money: British Airways is to cut capacity by 5% and impose a partial hiring freeze in an attempt to avoid losses

The Scotsman

  • Rail attraction is on the right trackRAIL enthusiasts are pressing ahead with work to extend Scotland's largest heritage line as it reaches a significant milestone today when it leaves Boat of Garten station.

The Telegraph

Times Online

  • Investors should opt to remain in the BA departures lounge Apologies are easy, especially if, like British Airways, you are repeatedly in the public relations dog house. And at yesterday’s annual meeting, both Willie Walsh and his chairman Martin Broughton were quick with the guilty pleas on a range of mishaps and cock-ups — most notably Terminal 5 — in the hope, no doubt, of receiving a lighter sentence.

Reuters News

  • BA and Ryanair to cut capacityDUBLIN/LONDON (Reuters) - Ryanair and British Airways will cut flights next winter due to the rising cost of fuel which is threatening to wipe out their profits this year, the two companies said on Tuesday.
  • BA to advertise virtues of Terminal 5LONDON (Reuters) - British Airways is launching an advertising campaign to try to rescue the reputation of Terminal 5, its new home at Heathrow Airport, which opened to chaotic scenes of lost baggage and cancelled flights in March.

Transport Briefing

Daily Post (North Wales)

Edinburgh Evening News

London Evening Standard

Manchester Evening News

  • U-turn over council car parkPRO-CONGESTION charge councillors have put the brakes on plans to build themselves an underground car park next to Manchester town hall.

Newcastle Evening Chronicle

The Press and Journal (Aberdeen)

This Is Local London Network

Yorkshire Evening Post

Bucks Free Press

Western Daily Press

  • Airport cash nosediveProtesters are celebrating after discovering the South West Regional Development Agency has withdrawn financial support for airport expansion in the region.

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