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Hitachi unveils first UK built commuter train at Newton Aycliffe facility

Hitachi will unveil its first ever UK-built commuter train which was built at the firm's Newton Aycliffe site.

New £48 billion funding for Britain’s railways

Railway investment to boost reliability and punctuality, for major upgrades and for new, faster, more comfortable trains.

Oxford will be first British city to ban all polluting vehicles [Subscription]

Petrol and diesel vehicles will be banned from the centre of Oxford under plans to create Britain’s first “zero-emission zone”.

Speculation grows about Network Rail funding

THE government is expected to reveal details of its delayed Statement of Funds Available for railway maintenance and enhancements between 2019 and 2024 by the end of the week. Network Rail is waiting to see which projects could be restarted, after a cull of electrification schemes which was prompted by sharply rising costs. Both the Office of Rail and Road and NR now need to know where they stand, because several crucial budget landmarks will fall in 2018. Network Rail CEO Mark Carne has already said that he wants more private sector investment in the railway, and fair contributions from thir...

Thursday, 12 October 2017

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  • Monarch: MP urges change in law to protect pension schemesFrank Field reacts to report that airline owner Greybull Capital could collect ‘bumper profit’ while workers lose outThe chair of parliament’s work and pensions committee has called for a change in the law following reports that the owners of collapsed airline Monarch may end up with a profit while the company’s pensioners lose out.The Labour MP Frank Field expressed concern over claims that private equity group Greybull Capital could avoid losing money while the carrier’s pension fund – which is owed £7.5m – could be among creditors left with nothing. Continue reading...

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Aviation Industry

  • Aircalin firms Airbus orderAircalin, the Noumea-based carrier in the French territory of New Caledonia, has firmed up its order for two Airbus A320neos single-aisle and two A330-900 widebody aircraft. read more
  • Icelandair joins economy fares trendIcelandair has joined the increasing number of airlines segmenting their economy-class fares with the announcement of a new pricing structure. read more
  • CityJet posts losses as expansion continuesIrish carrier CityJet posted a pre-tax loss of €30.2 million ($35.8 million) for 2016, as a result of financing new aircraft, acquiring airlines and creating a new base in Scandinavia. read more
  • CBP testing biometric facial recognition with TSA at JFK Terminal 7US Customs and Border Protection (CBP) initiated a 30-day test of facial recognition biometric technology at a TSA international checkpoint at New York-JFK airport’s Terminal 7, the agency said Oct. 11. read more

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