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Ferrovial debt restructuring to spark shake-up

Less than a year after nailing down a complex £13bn refinancing for its UK airports business, Spanish infrastructure group Ferrovial is back in a huddle with bankers trying to secure new terms on more than €3bn of parent group debt.

Investors climb aboard indebted National Express

National Express , the heavily indebted bus and rail operator, was in demand yesterday. Its shares advanced 7.3 per cent to 299¼p on rumours of a deal to...

GE develops aid to reduce airport noise fines

General Electric has developed an automatic computation and throttle control method that could help airlines or business jets avoid fines levied when takeoff noise exceeds predefined dB levels measured by noise monitoring stations around certain airports.

Sunday, 24 May 2009

BBC News

Financial Times

  • Buoyant outlook for airlinesEuropean equity markets gained ground this week - with airlines and automakers grabbing the headlines - though progress was fitful. Indices across the region opened...
  • Ferrovial debt restructuring to spark shake-upLess than a year after nailing down a complex £13bn refinancing for its UK airports business, Spanish infrastructure group Ferrovial is back in a huddle with bankers trying to secure new terms on more than €3bn of parent group debt.
  • Investors climb aboard indebted National ExpressNational Express , the heavily indebted bus and rail operator, was in demand yesterday. Its shares advanced 7.3 per cent to 299¼p on rumours of a deal to...
  • BA plunges to record £401m lossThe UK airline plunged to a record pre-tax loss of £401m in its financial year ending March, forcing it to cancel management bonuses and scrap its dividend as part of a drive to cut costs

Times Online

  • Volvo launches virtual test-driving of new car Buckle up, all you Volvo-driving parents: the staid Swedish car maker is promising you the drive of your life. From this week buyers will be able to go online and take a virtual test-drive of its newest car, which won’t be in showrooms until the end of summer.
  • Sir Moir Lockhead: busman riding the recessionBroad and burly, Sir Moir Lockhead doesn™t so much roll with the punches as calmly absorb them. Yes, he says in his flat County Durham accent, we are taking taxpayers™ money to support our First Great Western rail franchise, but what™s the problem?

Daily Express

Daily Post (North Wales)

Liverpool Echo

Newcastle Journal

The Press and Journal (Aberdeen)

The York Press

  • Safety blitz on North Yorkshire™s roads SAFETY chiefs will today launch a speed-busting day of action on North Yorkshire™s roads in a warning to motorists to drive responsibly during the school holidays.

Yorkshire Evening Post

Carlisle News & Star

The Economist

  • The oil price: Bust and boomThe price of oil has leapt to nearly $62 a barrel. Another spike may be on the wayRISING oil prices, believes Ali al-Naimi, Saudi Arabia’s oil minister, may soon “take the wheels off an already derailed world economy”. On the face of things, this concern is absurd. The plunge of $115 in the price of oil from its peak last July to its nadir in December was the most precipitous the world has ever seen. Demand for oil is still falling, as the world economy atrophies. Rumours abound of traders hiring tankers to store their excess oil. Rich countries’ stocks ...

Transport for London

Aviation Industry

Other News Sources

  • Committee Approves Transportation PackageSALEM, Ore. -- Lawmakers have moved out of committee a $300 million-per-year transportation package funded by increases in the gas tax and registration, title and license plate fees. Legislators estim...
  • High Speed Rail Could Come to U.S.high-speed rail network proposed by President Obama boost the nation's economy, cool the climate, and bring US transportation into the 21st century? Or is it a boondoggle waiting to happen?
  • Funding Shortfall May Bring an End to Tri-Rail Service in South FloridaMIAMI | Tri-Rail officials rolled out a budget Friday that calls for reducing service from 50 to 30 trains a day, ending weekend and holiday runs and shutting down the system altogether by early 2011.
  • Europcar Launches Free Home Delivery and CollectionEuropcar has announced the launch of its new weDeliver service, offering free deliver and collection for car and van hire
  • GE develops aid to reduce airport noise finesGeneral Electric has developed an automatic computation and throttle control method that could help airlines or business jets avoid fines levied when takeoff noise exceeds predefined dB levels measured by noise monitoring stations around certain airports.

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