Virgin Group boss Sir Richard Branson has said he intends to fight a deal between Lufthansa and British Airways owner International Airlines group for the control of BMI. The agreement, which is worth £172.5 million, would see IAG increase its share of the take-off and landing slots at Heathrow significantly exceed the 50 per cent [...]
Leading car hire firm, Avis Rent A Car, has confirmed that customers will soon be able to book and drive away in MG Motor UK’s brand new MG6 models. The company announced that it has already taken delivery of 100 MG6 Magnette sports saloons, and MG6 GT fastbacks. Once the models are introduced to fleets [...]
As of next year, train journeys will cost an average of just below six per cent more than they do at the moment, with some fares topping a nine per cent hike in price. Campaign for Better Transport’s Sophie Allen described the hikes as eye watering. She added that the UK already has some of [...]
The threat of severe winter weather, Tube strikes and engineering work across the rail networks, has caused Sixt UK to experience a large increase in the number of enquires being made for cars over the festive season. In London, bookings have shot up by 38 per cent compared to the same period last year. Boss [...]
A new report suggests that the balance of spending on transport projects is unfairly weighted by the government in London and the south-east. The Institute for Public Policy Research North claims that in London, the average spent per person is £2,700, whereas in the north-east the figure works out at just £5 per head. According [...]
The UK government has said that it will be cutting some of the red tape for drivers by getting rid of the paper driving licence. The phase out will take place in 2015, and the authorities have also said that motorists will no longer be required to hold an insurance certificate. Justine Greening, the transport [...]
The high cost of insuring a car in the UK is to be investigated by the Office of Fair Trading after it has discovered that, in the past two years, the price has increased by 21 per cent. The watchdog will be paying close attention to the suspected restriction on competition being deliberately forced by [...]
Contour Aerospace Ltd, based in Cwmbran, could be taken over by a French rival, if everything goes smoothly with the competition regulators. The manufacturer of airline seats is in negotiations with Zodiac Aerospace SA, and a final announcement is expected early in the new year. Contour opened in Wales in 2000, and employs around 1,000 [...]
Lufthansa has confirmed that it now has separate deals with both International Airlines Group, parent British Airways and Iberia, and Virgin Atlantic for the sale of Castle Donington based carrier Bmi. A deal was signed with IAG at the beginning of November, but the German airline said that it was not exclusive and confirmed a [...]
If Sir Richard Branson manages to retain the contract to run the west coast railway line, then it is likely that banks will be opened in a number of stations along the route. The plans follow Virgin Money’s agreement to pay £747 million to acquire Northern Rock. Following a meeting in which the entrepreneur outlined [...]
