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Downturn may derail some train firms

A "small number" of railway franchises are in difficulty due to the economic downturn, the civil servant in charge of Britain's train services admitted yesterday.

Heathrow decision criticised by airline boss

The managing director of Monarch Airlines has denounced plans to expand Heathrow Airport due to the environmental impact on homes in west London.

Thursday, 22 January 2009

BBC News

Department for Transport

Financial Times

  • Virgin Atlantic loses lie-flat seat fightThe High Court throws out allegations that the carrier's design of its 'Upper Class Suite' was copied by the manufacturer Contour for rivals such as Air Canada and Cathay Pacific

The Guardian

The Herald

  • Cost-cutting review sparks staff fears at airportThe owner of Prestwick Airport yesterday admitted it is carrying out a fundamental cost-cutting review of operations at the Ayrshire airport raising fears that its 500-strong workforce could be reduced.

The Telegraph

Times Online

  • Stagecoach admissionDirectors of Stagecoach, the bus and trains group, were among several FTSE company board members who admitted that they had pledged shares in their respective groups against personal loans, ahead of the Financial Services Authority’s deadline of Friday to make outstanding disclosures.
  • Toyota overtakes General Motors as biggest carmaker Toyota has become the world’s biggest carmaker for the first time, knocking General Motors off the top slot after a 77-year unbroken period in pole position.

Daily Record

Mail Online

  • Stagecoach pair in £50m loans pledgeBrian Souter and Ann Gloag, the sibling founders of transport group Stagecoach, revealed they are holding £50m of the company's shares as security against 'personal banking arrangements'.

ATOC

  • ATOC comments on Guardian article rail firms ask for state helpCommenting on today™s article in the Guardian Rail firms ask Hoon for state help¦, an ATOC spokesman said: œThe story in today™s Guardian is not an accurate reflection of the discussion which actually took place at the meeting between train operators and the Secretary of State yesterday. 

Network Rail

Transport Briefing

Birmingham Post

Journal Live

London Evening Standard

  • Rail fare rises another stealth tax, say MPsTHE Government was today accused of imposing "stealth taxes" on commuters after the introduction of above-inflation ticket prices. The MP for Bexhill and Battle reminded the Commons debate on rail fares that the Government had repeatedly given assurances that rail fares would rise by only one per cent above inflation
  • Passengers welcome move to curb closure of rail ticket officesPassenger groups hailed a victory in the battle to stop the mass closure of ticket offices by rail companies across London and the South-East

Manchester Evening News

  • Bid to salvage C-charge cashTHE government will be asked to consider new transport proposals for Greater Manchester as the region fights to salvage cash from the failed congestion charge plans. Transport officials met MPs and ministers in London this week in a bid to resurrect the region's case for funds. The conference was aimed at formulating a Plan B after the congestion charge referendum ended in an emphatic `no'.

Newcastle Journal

The Press and Journal (Aberdeen)

Wales Online

Yorkshire Evening Post

  • Shake-up looms on bus servicesCHANGES to some bus services across South Yorkshire will take place from the weekend and some routes will be scrapped.
  • East Coast rail seat fee planRail passengers could soon have to pay for the privilege of reserving a seat on services on the flagship East Coast Main Line.
  • East Coast rail seat fee plan Rail passengers could soon have to pay for the privilege of reserving a seat on services on the flagship East Coast Main Line.

Blackpool Gazette

Reading Evening Post

Sunderland Echo

New Scientist

Washington Post

  • VRE Lines Up For Stimulus Locomotives As Congress and President Obama work out an economic stimulus package that is expected to include billions of dollars for mass transit and rail, one Virginia project that has been pushed by state officials and transit industry executives is the purchase of 15 locomotives for Virginia Railway Express.
  • GM gets crucial $5.4 bln in U.S. funding DETROIT (Reuters) - General Motors Corp said on Wednesday it had received a delayed payment of $5.4 billion under the emergency funding provided by the U.S. government to keep it in business.
  • Toyota Passes GM as World's Largest Automaker Toyota has snatched the title of world's largest automaker from General Motors, speeding past the Detroit front-runner for the first time in 77 years.

Aviation Industry

  • Brian King steps downNo sooner had we mentioned the 43 'really good' new buses for Derby-based trent barton, than their managing director, Brian King, announced his intention to step-down.
  • Mexician airports to mothball new terminalsTwo major new terminals are being mothballed and a third terminal is being closed in Mexico as the country's airport operators struggle to cope with a steep decline in traffic.
  • Global demand for 1st Class travel plummetsPlummeting premium passenger demand has meant that hopes of a global airline recovery have been dashed.

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