Breaking News
Crossrail delays caused by desire to cling to ‘unrealistic’ timeframe
Team made choices that damaged public value, says National Audit Office report. Crossrail was driven over its budget and schedule because its management team clung to an unrealistic opening date, according to a National Audit Office report into the delayed transport project.
ScotRail punctuality up for fifth time in six months
ScotRail passengers have seen punctuality improve for the fifth time in the last six months, new figures showed today.
HS2 coupled with £700m pension risk, Stagecoach warns bidders [subscription]
The government is demanding that bidders to run the trains on HS2 take on potential workforce pension liabilities of nearly £700 million, Stagecoach says.
Friday, 03 May 2019
BBC News
- Bombardier to sell NI operationsThe Canadian aircraft manufacturer employs about 3,600 people in Northern Ireland.
The Telegraph
- Heathrow expansion is bad for the environment, bad for the economy, and a social injustice [subscription]he legal decision to permit the continuation of plans for a third runway at Heathrow – and the original plan itself – is utter madness. It will be regarded as the worst decision ever made by the Department for Transport (DfT), and cannot justifiably go ahead if politicians are committed to the climate emergency declarations and the zero carbon 2050 recommendation from the Committee on Climate Change announced this morning. In the meantime, while we wait for what seems like its inevitable cancellation, billions of pounds of taxpayer’s money is being wasted.
Times Online
- Bombardier leaves staff up in the air [Subscription]Things are looking up: a big story out of Northern Ireland and no mention of the backstop. And guess what? It’s still a political nightmare for Theresa May — news that Bombardier is hoisting the for-sale sign over its Belfast aircraft wing-making factory, putting 4,000 jobs at risk.
City AM
- Budget airlines Ryanair and Wizz Air report soaring passenger numbers in AprilBudget airlines Ryanair and Wizz Air both boosted passenger numbers last month
Aviation Industry
- Bombardier's plant sales will further reduce its airliner business Bombardier has announced plans to divest its aerostructures businesses in Belfast, Northern Ireland, and Morocco and to form an integrated Bombardier Aviation unit with manufacturing operations in Canada, Mexico and the US.
- China Eastern posts 1.2% 1Q net income hike, 12% traffic growthChina Eastern Airlines posted a 2019 first-quarter net income of CNY2 billion ($298 million), a 1.2% increase from CNY1.9 billion in the year-ago quarter.
- Spirit AeroSystems suspends 2019 guidance after MAX production slowdownAerostructures provider Spirit AeroSystems has suspended its financial guidance for 2019 and shelved stock buybacks, executives announced May 1, as the Wichita manufacturer tries to get a handle on costs and challenges from the Boeing 737 MAX production slowdown and groundings.
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