LTI Vehicles - makers of the iconic London black cab has scrapped its oldest taxi to date under the government's scrappage scheme.
The 20 year old Fairway, which had managed up over 600,000 miles, was taken in by leading LTI taxi dealership, M&O London and exchanged for a £5K grant off a new model.
Scrappage grants constitute £2K towards a new car or small van for qualifying customers, but many manufacturers are also offering an additional scrappage bonus.
The taxi's owner, Sheldon Posner, said: "I buy cabs regularly from M&O as the older they get the more expensive they are to re-license, so this initiative is most welcoming.
“The TX1 had only just come out when I fondly recall my four year old daughter shouting taxi and pointing at a TX1 parked up at Tesco.
"This proves just how recognisable and distinctive the traditional London Taxi is and is so across the world.”

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