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Saturday, 07 November 2009

BBC News

Financial Times

  • GM™s Europe chief steps downCarl-Peter Forster, head of General Motors in Europe, is to leave the company just days after the US carmaker decided to hold on to its Opel/Vauxhall operations
  • Hopes of stability boost confidence at BADespite poor results, investors are impressed by figures showing the fall in business class passengers, on which the airline depends heavily, is finally easing

The Guardian

  • British Airways loses record £292mBA intends to cut a further 3,000 jobs over the next six months; around 1,900 employees have left the airline since AprilBritish Airways has plunged to a record pre-tax loss of £292m over the past six months, traditionally its most profitable trading period, as the airline fights to stave off Christmas strike action that will deepen its financial woes.British Airways chief executive, Willie Walsh, warned BA's 38,690 staff that the airline's worst first half results since privatisation made further cost reductions
  • Train service renationalised¢ Train service taken over from next Saturday¢ Public ownership will last for at least 18 monthsBack in the day, British Rail was synonymous with soggy sandwiches, late trains “ or no services at all. Deserved or not, it was a reputation that became immortalised in the comedy, the Fall and Rise of Reginald Perrin “ every morning, his train to Waterloo was reliably late, but always for a different reason.From next Saturday, though, the government will get a chance to make some amends, when it returns as a long distance train operator for the first time since privatisation in the mid-90s.Passeng...

The Telegraph

Times Online

Daily Express

Daily Record

Network Rail

Belfast Telegraph

  • Scrappage scheme helps new car sales jump 31% There was good news for the motor industry yesterday as new car sales figures for October showed a sharp rise. Related StoriesBuilding industry declines by £45m on 2008ITV predicts ad revenue will growManufacturers’ warning over rising energy costsBT commits to Northern IrelandBank votes for £25bn boost and rate freeze

Daily Post (North Wales)

Journal Live

London Evening Standard

Metro

The News (Portsmouth)

The Press and Journal (Aberdeen)

The York Press

Yorkshire Evening Post

Blackpool Gazette

Carlisle News & Star

Northants Evening Telegraph

Peterborough Telegraph

The Shields Gazette

International Herald Tribune

Washington Post

  • VRE plan to oust Amtrak up for vote Two Virginia transportation commissions voted Thursday night to approve Virginia Railway Express's plan to end its 17-year relationship with Amtrak and give an international company a start in the U.S. transportation industry.
  • BA hints worst over for business travel, shares up LONDON (Reuters) - British Airways signaled business is stabilizing, eclipsing news of a worse than expected first half loss and a prediction that revenue would slump by 1 billion pounds ($1.7 billion) this year.
  • Opel chief leaves following failed deal FRANKFURT (Reuters) - General Motors Co said on Friday the head of its European operations, Carl-Peter Forster, is leaving, three days after the automaker's decision to scrap a planned sale of its Opel unit.
  • China's nascent jet industry has Boeing, Airbus in its sights BEIJING -- Along with plans to put a man on the moon and develop its own aircraft carrier, China's sky-high ambition now includes building its own Made-in-China jumbo jet, to one day compete with Boeing and Airbus for a share of the lucrative commercial aviation marketplace.

Railnews

  • News: Rail travel reaches new peacetime record DESPITE the recession, passenger travel on National Rail is continuing to grow. Latest figures from the Office of Rail Regulation show total passenger kilometres travelled in 2008-09 increased by 3.4 per cent on the previous year to 50.7 billion – an all-time record in peacetime.
  • News: Remembrance Sunday trains cancelled as problems escalate at First Capital Connect First Capital Connect has cancelled nearly all Great Northern services on Sunday 8 November, as drivers continue their unofficial ban on rest day working. The company said it was 'disappointed' that there would be hardly any GN trains on Remembrance Sunday, and it has been contacting local officials of the Royal British Legion to warn them of the problem.

Aviation Industry

  • More BA jobs to go after £292m lossBritish Airways is to cut an extra 1,200 jobs, taking the total reduction to 4,900 by next year, it was revealed.
  • British Airways sees record $482 million loss in first halfLONDON: British Airways Plc. fell to a worse-than-expected first-half loss and forecast annual revenues 1 billion pounds lower than last year, but said traffic volumes and yields had stabilized.
  • Sector Snap: Airline shares riseAirline stocks rose Friday as oil prices tumbled, easing the carriers' fears over jet fuel costs.
  • BA announces pre-tax loss of £292m Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow...

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