All articles by Graham Dunn – Page 62
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NewsRyanair, Wizz ended 2020 with traffic still in the doldrums
Low-cost carriers Ryanair and Wizz Air saw another month of heavy traffic decline in December, as respective passenger numbers fell by 83% and 80% against the same month in 2019.
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Airline BusinessVaccine rally takes edge off tumbling airline share prices in 2020
Share prices of many leading airline groups ended 2020 down between a third to a half during a torrid year for the sector.
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NewsNordica to buy out LOT stake in regional unit Xfly
Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.
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Airline BusinessWhich airlines launched, failed or merged during 2020
Such has been the magnitude of the pandemic impact on air travel demand that the airline industry has to some extent been in a stasis since March - and with it so too has much of the normal merger activity, start-ups and airline failures.
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NewsNew China Eastern unit OTT carries out debut flight
China Eastern Airlines’ new Shanghai-based start-up OTT Airlines launched flights on 28 December. The SkyTeam carrier in February detailed plans to launch the carrier, which will operate Comac’s ARJ21 and C919 aircraft on routes in mainland China. Source: China Eastern OTT Airlines launched flights on 28 December 2020 ...
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NewsSecond Alitalia Covid package cleared as earlier state aid probes continue
European competition regulators have cleared a second tranche of Italian aid to national carrier Alitaila as compensation for disruption to travel caused by the pandemic, though its existing state aid probes into Italy’s earlier support for the carrier continue.
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NewsAirAsia agrees to sell 32.7% of Indian carrier to Tata
AirAsia has agreed terms on the sale of a 32.7% stake in its joint venture carrier AirAsia India to the carrier’s existing co-shareholder Tata Sons
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NewsRyanair restricts voting rights to meet EU ownership after Brexit
Irish low-cost carrier Ryanair is implementing voting-right restrictions on all shares in the company owned by non-European Union nationals from 1 January 2021 to ensure the airline complies with ownership rules once the UK leaves the EU. The measures date back to resolutions put in place in March 2019 to ...
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NewsLufthansa agrees savings deal with pilots until March 2022
Lufthansa has struck a cost savings deal with its pilots which will avert layoffs until March 2022.
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NewsGreece cleared for €120m state contribution to Aegean
European regulators have approved Greek plans to contribute €120 million ($146 million) as part of recapitalisation plans for Aegean Airlines. Greece notified the European Commission of plans for an aid measure to compensate Aegean for damage suffered from travel restrictions imposed between 23 March 2020 to 30 June 2020. The ...
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NewsEasyJet readies Brexit ownership contingency plan
Low-cost carrier EasyJet has confirmed it will activate a contingency plan if non-EU nationals’ ownership of the carrier remains above 49.5% when the UK’s Brexit transition period expires at the end of the month.
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NewsRyanair to restore Shannon base next summer
Ryanair has confirmed it will reopen its base at Shannon airport this summer and called on the Irish government to act to incentivise travel to secure at capacity at Cork and Dublin.
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NewsPoland secures EC approval for LOT rescue package
European regulators have cleared the Polish government’s request to provide national carrier LOT Polish Airlines with around PLN2.9 billion ($787 million) in financial support under the temporary easing of state aid rules.
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NewsEC urges states to allow essential travel from the UK
European regulators are calling for a “coordinated approach” from states under which borders should remain open to essential travel from the UK rather than blanket bans which several countries around the world have implemented in response to the emergence of a new strain of the coronavirus. The European Commission is ...
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NewsEasyJet defers deliveries of 22 more A320neos
EasyJet has pushed back delivery of 22 more Airbus A320neo originally set for delivery during its next three financial years, meaning the airline is set to take 33 new aircraft over the coming four years.
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NewsCAA hits back as Ryanair blames ‘policy shift’ for cancelling UK routes
Irish carrier Ryanair cites a ’sudden change of policy’ from the Civil Aviation Authority for cancelling 12 UK domestic and non-European Union international routes, although the regulator insists it has a long-standing policy that UK-licensed operators should not heavily rely on wet-leasing foreign-registered aircraft for such services. Ryanair says the ...
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Airline BusinessWill airline failures increase when crisis subsides?
One of the most striking aspects of what is the deepest and most sustained crisis to ever hit commercial air transport is that it has resulted in relatively few airline collapses thus far.
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Airline BusinessWhy wider airline consolidation may have to wait
IAG has reportedly agreed fresh terms to acquire Spanish carrier Air Europa, but further deal activity across the industry may be delayed by the crisis.
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NewsSignature Aviation in sale talks with Blackstone after rejecting rival approach
Signature Aviation is in talks with private equity firm Blackstone over a possible cash offer for the company, after rejecting a rival approach from Global Infrastructure Partners (GIP).
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NewsShareholders back Norwegian rights issue plan
Norwegian shareholders have backed a proposed rights issue as part of the carrier’s continuing restructuring efforts at an extraordinary general meeting today.