Breaking News
Work at Bombardier Transportation ‘to cease’ without state aid [subscription]
The owner of Britain’s biggest train factory has told the government that it will be “unable to continue production” without support as it burns through cash during the lockdown. Bombardier Transportation, which makes train carriages, has asked for contractual charges to be suspended after it was forced to halt production. The bond repayments and penalties for delivery delays that it wants paused total about £20 million a month.
Tuesday, 26 May 2020
Financial Times
- German government agrees €9bn bailout for LufthansaState fund will take 20% stake in the airline in long-awaited rescue package
The Guardian
- BA planning to rehire sacked staff on worse terms, union saysUnite accuses airline of using coronavirus crisis as cover for betraying its workforceThe Unite union has claimed that British Airways plans to fire the vast majority of its workforce and rehire them on reduced pay and worse terms.BA informed unions last month that it was holding a consultation on as many as 12,000 job cuts. The notice under section 188 of the Trade Union Act means workers could be made redundant as soon as 15 June.
The Telegraph
- EasyJet finance chief resigns days after surviving Stelios voteAndrew Findlay is expected to stay in the role until May of next year in adherence with contractual obligations
Mail Online
- British Airways passengers complain about packed flights in EuropeImages emerged on Twitter of a packed BA flight with passengers appearing to be seated directly next to each other rather than the government-advised two metres apart.
- British Airways 'will lay-off thousands of cabin crew then re-hire them on HALF PAY'In a letter sent to staff just two weeks ago, BA sent out new terms and conditions due to the coronavirus crisis which has severely damaged the aviation industry.
The Mirror
- Richard Branson's Virgin Orbit rocket fails on debut space launch attemptControllers were forced to abort the launch seconds after the rocket ignited its engines due to currently unknown technical problems - with SpaceX's Elon Musk offering his condolences
Belfast Telegraph
- Virgin Orbit unsuccessful in first rocket launch attemptSir Richard Branson’s Virgin Orbit has failed in its first test launch of a new rocket carried aloft by a Boeing 747 and released over the Pacific Ocean off the coast of Southern California.
London Evening Standard
- Virgin Orbit: Historic test flight of LauncherOne vehicle delayed due to equipment problemsVirgin Orbit has delayed the historic first orbital test flight of its LauncherOne vehicle due to equipment problems.
Other Regional Press
- Jet2 holidays and flights secured with emergency £172 million cash boostThe Leeds-based airline has grounded all flights since March
C.N.N.
- Virgin Orbit rocket experiences anomaly during launch demoVirgin Orbit experienced a hiccup Monday with the launch demo of its two-stage orbital rocket from a 747 aircraft.
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