All articles by Graham Dunn – Page 68
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NewsOman Air to resume scheduled flights from October
Oman Air is to resume scheduled international passenger flights next month after a six-month break because of the global pandemic.
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NewsWizz chief sees network diversification key to easing crisis impact
Wizz Air chief executive Jozsef Varadi believes the airline’s network diversification in recent months will help the low-cost carrier better ride out the coming months of the coronavirus crisis.
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NewsEasyJet latest to scale back capacity amid travel restrictions
EasyJet has become the latest European carrier to cut capacity plans in the light of demand being negatively hit by increased travel restrictions.
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NewsUK to set out ‘aviation recovery strategy’ this autumn
UK ministers intend to publish an ”aviation recovery plan” this autumn setting out how they will get the sector back on track, as industry stakeholders continue to press for action amid the stalled restoration of passenger services.
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NewsStobart confirms Falko among possible buyers for regional unit
Stobart Group has confirmed it is in ‘early stage’ discussions with a number of parties including Falko Regional Aircraft over the possible sale of its regional arm Stobart Air and aircraft lessor Propius.
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NewsVirgin Atlantic to cut 1,150 more jobs after restructuring approved
UK carrier Virgin Atlantic is to cut a further 1,150 jobs after formally securing court approvals for a restructuring plan which will unlock £1.2 billion ($1.6 billion) worth of refinancing.
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Airline BusinessWhy airline lifelines might be followed by more rescue measures
News that Virgin Atlantic has secured court approval for its planned recapitalisation marks the latest in series of rescue deals that have been struck to ensure airlines around the world can stay airborne. Some have simply secured protection from creditors while they re-organise. Others have secured fresh capital – be ...
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NewsRyanair eyes liquidity boost as it targets €400m from share issue
Ryanair is to launch a share issue aimed at raising gross proceeds of around €400 million ($475 million) to help de-risk the group’s debt repayments and better position it to capitalise on fresh growth opportunities in the market
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NewsHeathrow airport begins formal consultation on cuts as union talks stall
Heathrow airport has formally initiated consultations with unions over salary cuts as it battles the fallout of the sharp drop in traffic due to the global pandemic.
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NewsJet2 sees winter bookings slow but bright picture for summer 2021
UK leisure carrier Jet2 is hopeful of offering capacity close to 2019 levels next summer after citing encouraging forward bookings for the period.
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NewsUK court formally backs Virgin Atlantic restructuring plan
Virgin Atlantic has completed another step in its planned recapitalisation after a court today approved its restructuring plan.
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NewsAugust is strongest traffic month for Ryanair and Wizz since crisis
The two airlines are the first in Europe to report traffic figures for the month, providing an early indication of how much passenger levels returned during the summer travel peak.
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NewsArab carrier traffic seen not back to pre-crisis levels until at least 2024
Traffic among Arab air carriers is not now expected to return to pre-crisis levels until at least 2024 and could potentially not reach those levels before 2027, fresh analysis from the Arab Air Carriers Organisation (AACO) shows. In its third status report of the impact of the pandemic on the ...
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NewsVirgin Atlantic adds back five routes to network in September
UK carrier Virgin Atlantic is restoring flights to Atlanta, Lagos, Tel Aviv and the Indian cities of Delhi and Mumbai this month as the restructuring airline rebuilds its network amid coronavirus.
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NewsTravel bans prompt Wizz to freeze capacity ramp-up plans
Central European budget carrier Wizz Air is no longer expecting to further increase capacity between October and the end of the year as fresh travel restrictions temper demand.
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NewsNorwegian keeps faith in slimmed down long-haul model
Restructuring low-cost carrier Norwegian aims to stick with a scaled-back version of its long-haul business when it moves out of the hibernation phase it has been in since the coronavirus crisis hit. While the airline continues to work on financial restructuring to secure its future – and today confirmed it ...
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NewsNorwegian warns more cash needed to survive crisis
Restructuring low-cost carrier Norwegian has warned it will require further financing next year to survive the winter as coronavirus-related travel restrictions continue to hamper the recovery in air travel
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NewsVirgin Atlantic creditors back rescue plan
Virgin Atlantic’s recapitalisation efforts have been boosted after creditors voted in favour of its restructuring plan.
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NewsFinnair seals A350 sale-and-leaseback to bolster cash position
Finnair has flagged an immediate positive cash effect in excess of €100 million after finalising the sale-and-leaseback of one of its Airbus A350 aircraft.
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NewsManchester airport shuts one of its terminals again as recovery stalls
Manchester airport is to temporarily close one of its terminals again from next month in a further sign of the slower-than-hoped-for pick-up in travel demand.