French train manufacturer Alstom has finalised its 2 billion euro recapitalisation and asset disposal programme by selling its American rail signalling business for $690 million. This sale marks the culmination
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Western airlines are significantly reducing flights to China due to several factors, including low demand, high costs related to flying around Russian airspace, and growing competition from Chinese carriers. Recently,
Boom Supersonic’s founder explains why air travel will be at 1,300mph in the future. The founder of a company that is seeking to build the successor to Concorde, has reacted
British Airways, the owner of British Airways, will pay its shareholders a dividend for the first since the outbreak of the pandemic. The company has enjoyed a successful first half
Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped
Tesla’s second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said
According to a report by the government’s watchdog on spending, the axing HS2’s 2nd leg will likely mean higher train fares along the west coast mainline between London and Manchester
As they prepare to fly off this summer, thousands of holidaymakers are going to be horrified by the cost of airport parking. Stop reading if you do not want to
The UK Transport Secretary has called for train companies to “take immediate action” to improve reliability, while launching an investigation into the “worse performance” of Britain’s railways. Louise Haigh, the
Tesla’s deliveries surpassed Wall Street expectations Tuesday, as its price cuts and incentives stimulated demand. Elon Musk’s carmaker delivered 443,956 cars in the three-month period ending June. This is a
Boeing has agreed with Spirit AeroSystems to purchase the company in an all-shares deal worth $4.7 billion as it attempts to overcome its production crisis. Spirit, a Boeing spin-off from
Coach USA, the parent company of the Megabus brand and several commuter bus lines connecting New York and New Jersey, filed for Chapter 11 bankruptcy on Wednesday. The company, which owes between 100 and 500 million to creditors, made the filing in Wilmington, Delaware.
FirstGroup the British transport operator applied for two additional “open access” services, outside of the main train operating contract. The government is trying to reduce fares and increase competition in
BYD, the Chinese electric car giant, first entered the British automobile market. It’s now taking on the traditional London bus makers. Sources said that the Go-Ahead Group will award a
Virgin Group, Sir Richard Branson’s company, is returning to Britain’s railways. The Virgin Group will launch services on the mainline west coast route — the route the billionaire had been
Eurostar is planning to purchase up to 50 new trains, and it’s considering adding more international routes to London in order to capitalize on the “huge demand” of rail travel