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Network Rail executives not awarded bonuses

Network Rail executives will not be paid annual bonuses this year, the rail infrastructure company has announced.

Subway to get £300m revamp

GLASGOW™S ageing Subway system is to get a major overhaul that could result in the introduction of driverless trains to the network within five years.

£10 million fund to plug rural bus gap

Minibuses and people-carriers could be used to link remote rural villages to nearby towns under plans unveiled by the Government.

Call to scrap high-speed rail link

The multi-billion high-speed rail link project is an "expensive white elephant" and should be scrapped, an alliance of business leaders, politicians and economists has said.

Hitachi releases statement following UNIFE™s concerns over IEP

Hitachi has released a statement following the news of UNIFE’s concerns over the UK Government’s decision to resume negotiations on the Intercity Express Programme (IEP) with Hitachi: ...

Thursday, 10 March 2011

BBC News

Financial Times

  • Lufthansa resumes dividend paymentsGerman airline to resume paying a dividend after swinging back into profit last year, in spite of costs incurred from strike action, the Iceland volcano and the higher price of fuel
  • Break up Network Rail, urge train operatorsOwner of Britain's railways should be split up rather than devlove its power regionally, says the Association of Train Operating Companies in a paper criticising the body's plans

The Herald

  • Subway to get £300m revampGLASGOW™S ageing Subway system is to get a major overhaul that could result in the introduction of driverless trains to the network within five years.
  • Petrol prices hit £6 a gallonMOTORISTS are paying £6 for a gallon of petrol for the first time as the Libyan crisis has helped push fuel prices to a new record, data published by the AA shows.

The Independent

  • No bonuses for rail executives Top managers at Network Rail will not be paid annual bonuses this year, the infrastructure group said last night after attracting criticism for making payouts last year.

The Scotsman

The Telegraph

Press Association

  • Call to scrap high-speed rail link The multi-billion high-speed rail link project is an "expensive white elephant" and should be scrapped, an alliance of business leaders, politicians and economists has said.

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Aviation Industry

  • Lufthansa Systems launches BoardConnect wireless IFE on Condor 767s Lufthansa Systems said it will launch its new wireless inflight entertainment system,  BoardConnect, on Condor’s Boeing 767s. BoardConnect is a next-generation IFE system, operating on a Wi-Fi network allowing passengers to connect to video and audio on demand—including games, e-mail and social networks—via their IFE screens or a personal Wi-Fi-equipped device.
  • Lufthansa 2010 profits soar past $1.5 billion on strong second halfLufthansa Group said that based on preliminary figures it ended 2010 with a net profit of €1.1 billion ($1.53 billion), significantly improved from a restated net loss of €34 million in 2009.
  • EADS posts 2010 profit surge driven by AirbusEADS reported 2010 net income of €553 million ($770.8 million), a major turnaround from a €763 million net loss in 2009, on 7% growth in revenue to €45.8 billion driven by a strong performance by Airbus.
  • Aeroflot orders eight 777sAeroflot placed an order for six GE90-powered Boeing 777-300ERs and two 777-200ERs, the manufacturer said Wednesday, noting the order was previously attributed to an unidentified customer on its website.
  • Cathay Pacific reports dramatic 2010 profit rise to $1.8 billion, to add 27 aircraftCathay Pacific Group reported that annual profits nearly tripled in 2010 to HK$14.04 billion ($1.8 billion) from a HK$4.69 billion surplus in 2009 on a 33.7% rise in revenue to HK$89.52 billion.
  • Cathay triples profitsThe Cathay Pacific Group has reported profits of HK$14,048 million (£1,113 million) in 2010, nearly three times the HK$4,694 (£372 million) figure for 2009
  • Stop Spanish strikes, Ryanair tells EURyanair has branded a planned strike by AENA airport workers in Spain as œselfish

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