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British Airways reports £164m loss

British Airways has revealed a steep loss for the April-to-June quarter after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.

Bike hire scheme starts in London

More than 12,450 keys are handed out to Londoners for the Barclays Cycle Hire scheme which starts later.

Electric buses on the way to Liverpool city centre

A FLEET of nine electric buses is to be introduced on a circular route around Liverpool city centre.

Friday, 30 July 2010

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  • Fast rail link risks derailing Franco-German relations The so-called Franco-German special relationship has long been regarded as an essential pillar of European integration. But like all relationships it has had its regular ups and downs.
  • Avis Budget offers $1.3bn for Dollar ThriftyThe battle for the Oklahoma car-rental operator intensifies with the New Jersey-based group making a cash-and-shares bid valued at $46.50 a share “ a 17% premium to Hertz's proposal
  • National Express back in the blackThe coach, bus and rail operator reports a rise in profits at its north American operations, thanks to a cost-cutting regime put in place by Dean Finch, its new chief executive

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  • A mixed week for consumers as airlines edge closer together The airline world has had a busy week, with the Oneworld alliance gaining a new member in Air Berlin and two major members of the Star Alliance - United and Continental - given the green light to merge by EU authorities
  • 'Games lanes' for OlympicsNew traffic lanes will be introduced on key roads to speed athletes and officials to the 2012 London Olympics under plans announced yesterday.

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  • BA posts £164m losses after crises British Airways said cabin crew strikes and Iceland's volcanic ash cloud have sent the beleaguered airline £164 million into the red for the three months to June 30.

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  • National Express plans to resume dividend payout National Express took another step towards its recovery today, telling shareholders it would bring back the long-suspended dividend this year - as long as trading doesn't collapse.
  • BA to reveal first-quarter detailsBritish Airways will reveal the full impact of a nightmare first quarter on Friday when it publishes financial results for the three months to June during which it was hit by Iceland's volcanic eruption and cabin crew strikes.

Manchester Evening News

  • Optare rival bus maker to take 26 per cent stake Lancashire bus maker Optare said larger Indian rival Ashok Leyland would take a 26 per cent stake in the company to strengthen its financial base. Optare, which makes zero-emission vehicles, will issue 99.4m shares to the Indian truck and bus maker for about £5m.
  • Manchester Airport Group posts big drop in profits Manchester Airport Group today posted another big drop in annual profits but said they would have been even lower without a tight rein on costs and an investment programme which helped to shore up revenues.

Metro

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The York Press

  • ˜Taxibus™ idea to beat congestion SHARING taxis with other passengers for a flat £1 fare is the latest idea to be considered by councillors looking to ease traffic congestion in York.

Wales Online

  • National Express turns the corner BUS and coach firm National Express flagged the return of its dividend yesterday, in a further sign it has turned the corner after a turbulent couple of years.

Yorkshire Post

  • National Express returns to profit BUS and train operator National Express Group returned to the black and said it plans to restart dividend payments at the end of the year.

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Campaign for Better Transport

Chartered Institute of Logistics and Transport

  • London Underground to show glimpse of tube network's futureThe future of the tube network will be unveiled as part of an exhibition organised by London Underground.Scheduled to take place at the historic Aldwych station, the showpiece is intended to outline how investment in the capital's subterranean infrastructure can produce long-term economic advantages for the city.From the launch of air-conditioned trains to the redesign of the Victoria line, the exhibition will highlight a number of rail improvement strategies which are targeted for completion by 2018.Mayor of London Boris Johnson stated:

Railway Gazette

  • Deutsche Bahn to run ICE3 to Britain this yearEUROPE: 'This autumn we will send an ICE3 test train through the tunnel beneath the English Channel as part of our preparations for possible train service to London', Deutsche Bahn Chairman & CEO Dr Rüdiger Grube said during his presentation of the German national rail company's half-year results on July 28. Grube said DB is also in talks with SNCF to launch a passenger service from Frankfurt to Lyon and Marseille from 2012, and will organise a Swiss-German rail summit in the second half of this year to build on the July 9 memorandum of understanding to expand cross-border traffic in part...

Aviation Industry

Other News Sources

News from Europe

  • Keeping trains on trackProf. Lev V. Eppelbaum of Tel Aviv University's Department of Geophysics & Planetary Sciences and his colleagues are collecting high-tech sensing data from satellites, airplanes, magnetic and soil sensors, and unmanned aircraft to devise a solution that will provide a reliable early-warning system for train operators. It's all part of the European Project FP7 research, "Integrated System for Transport Infrastructures Surveillance and Monitoring by Electromagnetic Sensing," which includes participants from Israel, Italy, France, Sweden, Norway, Switzerland and Romania.
  • Floating TrainA new East-West 350 mph floating bullet train connecting Russia to Berlin in just three hours has been unveiled by scientists.
  • Croatians often heading the wrong way on roads The alarming number of vehicles driving in the wrong direction on Croatian highways has become the hot topic of conversation this summer in local media.
  • Booming freight, logistics businesses powers Deutsche Bahn profit Berlin - German rail giant Deutsche Bahn reported Wednesday a jump in first-half earnings as its key freight operations bounced back from the recession to post a 40-per-cent surge in business.

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