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Union agrees Olympics bonus deal

Engineers, electricians and managerial staff on the Tube agree to a £850 bonus for working during the Olympics.

IAG hurt by fuel costs and BMI charges

Carrier created by British Airways-Iberia merger reports worse than expected €249m quarterly operating loss and expects only to break even in 2012

£300m to be spent replacing every Merseyrail train

MORE than £300m is to be spent replacing every single train on the Merseyrail network.

Gatwick Airport Welcomes Air China - Helping the UK Become Better Connected

Air China launches its first non-stop service from Gatwick to Beijing.

Saturday, 12 May 2012

BBC News

Financial Times

  • IAG hurt by fuel costs and BMI chargesCarrier created by British Airways-Iberia merger reports worse than expected €249m quarterly operating loss and expects only to break even in 2012
  • AMR agrees to consider merger optionsThe parent company of American Airlines has responded to pressure from creditors to take a more open view of a potential tie-up with rival US Airways

The Herald

The Telegraph

Daily Express

  • Fuel heads whammies stopping IAG take-offTHE owner of British Airways said it will only break even this year as it suffers turbulence from soaring fuel prices, Government taxes, striking Spanish pilots and its recent takeover of the BMI Group.

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Forbes

Bus and Coach.com

  • Bus and coach growth at National ExpressNational Express says that commercial revenue in its UK Bus business remains strong, growing by 4 per cent year-on-year in the first three months of 2012.
  • Norman Baker to attend Euro Bus ExpoTransport minister Norman Baker will attend the opening day of Euro Bus Expo, 6 November.
  • New operators lined up as FirstBus cuts Services being withdrawn next month by First Scotland East in East Lothian and Midlothian will be covered by a mixture of new commercial and tendered services to be introduced by Lothian Buses, and services contracted by East Lothian and Midlothian councils to a number of smaller operators.

Global Rail News

  • Bombardier awarded Scandanavian locomotive contractBombardier Transportation announced today that it has won an order from Bure for seven TRAXX F140 AC locomotives. The locomotives are designed for freight transport in Sweden and Norway, with delivery expected in the fourth quarter of 2012. The contract is valued at approximately €24 million. Bure has purchased these locomotives to lease them to [...]
  • TfL issues Jubilee travel adviceCelebrations marking The Queen’s Diamond Jubilee will be taking place at various locations across London between Saturday 2 June and Tuesday 5 June, and Transport for London has issued travel advice to enable Londoners and visitors to get around the city. TfL is advising everyone intending to be in central London to use public transport, [...]

Aviation Industry

  • IAG losses deepen as fuel costs riseInternational Consolidated Airlines Group (IAG), parent company of British Airways (BA) and Iberia (IB), reported a pre-tax loss of €263 million ($340.5 million), worsened from a €47 million loss in the year-ago period, despite revenue rising 7.8% to €3.9 billion.
  • Bombardier 1Q revenue, profit fall on lower aircraft deliveriesBombardier™s first-quarter net profit dropped 13.6% to $190 million from $220 million in the corresponding year-earlier period, partly as a consequence of lower commercial aircraft deliveries.

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