All articles by Graham Dunn – Page 65
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NewsLufthansa reaches savings deal with ground staff for 2021
Lufthansa has reached a preliminary €200 million ($237 million) savings deal with the Verdi union which provides employment protection for ground staff next year in return for concessions.
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NewsUK leisure carrier Jet2 to open Bristol base
UK leisure carrier Jet2 is to launch a base at Bristol airport and will offer 29 destinations next summer.
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NewsSouth African start-up Lift set to launch in December
South African start-up carrier Lift is aiming to launch domestic services in December with flights from Johannesburg to Cape Town and George.
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NewsAir Arabia posts third-quarter loss as crisis impact continues
Air Arabia made a net loss of Dh44 million ($12 million) on revenues down 80% in the third quarter, a period in which the low-cost carrier was able to resume services after the initial pandemic lockdown. The group carried 665,500 passengers in the three months to end-September across its five ...
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NewsLufthansa lifts liquidity with €600m bond issue
Lufthansa has bolstered its liquidity by placing a €600 million ($712 million) convertible bond. The German airline group says the transaction was more than six times oversubscribed. The bonds, which have an annual coupon of 2%, are redeemable in November 2025. Source: Lufthansa Lufthansa Group executive board ...
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NewsAeroflot chief Saveliev to become Russian transport minister
Long-serving Aeroflot Group chief executive Vitaly Saveliev is set to become Russian transport minister after he was nominated for the role by prime minister Mikhail Mishustin. The transport ministry says that Saveliev will take over, following a Russian presidential decree dated 10 November. Saveliev has led the Russian carrier group ...
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Airline BusinessCalm before the storm for airline failures
The relatively small number of airline failures so far is not indicative of the health of the sector.
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NewsNorwegian warns of ‘uncertain future’ after government rejects support request
Norwegian is facing “a very uncertain future” after Norway rejected requests from the airline for further financial support. Oslo notes that in respone to the coronavirus crisis the state’s extraordinary contribution to aviation in Norway so far in 2020 amounts to NKr13 billion ($1.4 billion). Source: Norwegian ...
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NewsBlue Air continues hub push by switching Paris flights to Charles de Gaulle
Romanian budget carrier Blue Air will in December begin flights to Paris Charles de Gaulle as it continues a move into Europe’s biggest hubs. In a social media post, the Romanian carrier says it will switch its existing Bucharest-Paris service from Beauvais to Charles de Gaulle from 18 December. ...
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NewsFinnair defers delivery of three remaining Airbus A350s
Finnair has reached an agreement with Airbus to defer delivery of its three outstanding A350-900s by around two years. The Oneworld carrier says the three A350-900s were originally scheduled for delivery from the second quarter of next year through to the second quarter of 2022. Finnair says the new delivery ...
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NewsEasyJet further cuts winter capacity and sells more aircraft
EasyJet will now operate no more than 20% of its planned capacity in the last quarter of the calendar year and has sealed sale-and-leaseback deals covering a further 11 aircraft as it continues efforts to counter the crisis.
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NewsFresh lockdown prompts British Airways to suspend Gatwick flights
British Airways is suspending flights at London Gatwick airport as a result of the fresh national lockdown in the UK which took effect today. The Oneworld carrier, which consolidated flights at London Heathrow airport during the first wave of the pandemic earlier this year, says it is reducing flights at ...
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NewsIberia deploys first converted Airbus A330 freighter
Iberia has put its first converted Airbus A330 freighter into service, operating on flights between Madrid and Los Angeles.
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NewsLufthansa to scale winter capacity back after further losses in third quarter
Lufthansa Group will cut capacity to no more than a quarter of previous-year levels for the rest of the 2020 after disclosing a third-quarter net loss of almost €2 billion ($2.3 billion).
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NewsStobart bids for fresh Aer Lingus deal to speed regional airline sale
Stobart Group has entered a tender to secure a long-term flying agreement with Aer Lingus beyond 2022 as part of its effort to dispose of regional carrier Stobart Air before the end of March 2021.
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NewsSpain agrees €475m Air Europa aid package
Spain’s cabinet has agreed a €475 million ($552 million) support package for Air Europa, the first funding delivered under a wider scheme established by the government in July. The funds have been released as part of a €10 billion solvency support fund for strategic companies set aside by the Spanish ...
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NewsShift to domestic markets helps Volotea limit crisis impact on traffic
European carrier Volotea is crediting a shift of its network strategy to focus on domestic flights for a July-September traffic performance in which declines in passenger levels were kept to less than a quarter. Volotea says it handled 2.4 million passengers in the third quarter, down only 23% on the ...
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NewsRyanair and Wizz traffic down 70% in October
Traffic data released this morning from European low-cost carriers Ryanair and Wizz Air for October shows passenger levels running 70% down on prior-year levels as travel restrictions across Europe took further hold.
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NewsLast Avro RJ leaves CityJet fleet
Irish wet-lease operator CityJet has withdrawn the last of its BAE Systems Avro RJ85 regional jets, ending a 27-year association with the type and its predecessor, the BAe146. The operator’s final RJ85, registration EI-RJF, left Dublin on 2 November bound for Reykjavik. The aircraft was en-route to the USA where ...
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NewsSpirit completes Bombardier aerostructures acquisition
Spirit AeroSystems has completed its acquisition of Bombardier’s aerostructures and aftermarket services businesses.