All articles by Graham Dunn – Page 56
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Airline BusinessLift flags fresh approach as key in tough South African market
Few airline markets have been as challenging as South Africa, even before the Covid crisis hit. Yet the tough climate did not deter South African carrier Lift from joining the fray in December last year. Indeed, in many ways, it helped its entry.
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NewsFrankfurt reopens refreshed Terminal 2 for first time since pandemic
Frankfurt Airport has reopened its Terminal 2 facility this morning for the first time since the pandemic as hopes grow for increased demand this summer.
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NewsAustrian completes phase-out of Dash 8 fleet
Austrian Airlines carried out its last De Havilland Dash 8-Q400 turboprop flight on 31 May, completing the retirement of the type from its fleet.
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NewsBoeing reaches settlement with FAA over unapproved 737 sensors
Boeing will pay at least $17 million in penalties and has agreed to take corrective steps in its production processes under a settlement reached with US regulator the Federal Aviation Administration (FAA) relating issues on its 737 Max and NG aircraft.
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Airline BusinessWhy Icelandic start-up Play is taking measured approach to growth
Whilst the pandemic means Icelandic budget start-up Play has had to bide its time before launching, chief executive Birgir Jonsson says the carrier will remain patient in adding capacity in a bid to resist the pitfalls of over-expansion.
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NewsEuropean air traffic unlikely to reach pre-crisis levels until 2025: Eurocontrol
Air traffic management body Eurocontrol projects flight activity in the region will not return to pre-crisis levels until 2024 at the earliest and most likely not until 2025.
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NewsCondor set for fleet renewal after equity fund Attestor acquires majority stake
Asset manager Attestor is to acquire a 51% stake in German leisure carrier Condor, investing €200 million ($244 million) in equity capital and providing a further €250 million to modernise the carrier’s long-haul fleet. The move secures fresh financial footing for the carrier after a period in which it has ...
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Airline BusinessEasyJet mirrors European airlines in pinning hopes on late summer recovery
If there was a familiar ring to the narrative around EasyJet’s first-half results and outlook today, it’s because in many ways it has already played out across a string of European carriers across the current financial reporting season.
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NewsEasyJet ready to ‘flex up’ capacity after pandemic-hit first-half loss
Low-cost carrier EasyJet expects to fly only 15% of its capacity in the current quarter after posting a pre-tax loss of €701 million for the first half of its fiscal year.
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NewsAer Lingus details cuts at Shannon and Cork bases
Aer Lingus is to permanently close its cabin crew base at Shannon airport as part of a series of cost-savings measures after warning there will be redundancies as it emerges smaller from the pandemic.
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NewsCourt rules against KLM and TAP state aid approvals
A court has annulled European Commission decisions approving state aid for KLM and TAP Air Portugal, judging that it failed to consider all factors, though it has suspended the annulments until fresh decisions are made.
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NewsIceland’s Play to launch with Stansted service in June
Icelandic start-up Play Airlines plans to launch operations next month, debuting on the Reykjavik-London Stansted route.
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NewsNorwegian edges closer to completing financial restructuring
Low-cost carrier Norwegian aims to complete its court-approved financial restructuring later this month after a deadline passed with no objections filed against the plan.
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NewsPremium operator La Compagnie targets June scheduled restart
French all-premium long-haul operator La Compagnie is aiming to resume scheduled transatlantic flights from France to New York in June after what will have been a 15-month break because of the Covid crisis.
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NewsIcelandic start-up Play moves closer to launch
Planned Icelandic start-up Play Airlines appears closer to launching after securing its Air Operator’s Certificate and its first aircraft.
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NewsRyanair ‘cautiously’ eyes breakeven this year after €815m loss
Europe’s biggest low-cost carrier Ryanair ‘cautiously believes’ it can be close to breakeven for the financial year ahead after posting a record loss of €815 million ($990 million) for the pandemic hit year to March 2021.
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NewsRebranding Indian low-cost carrier GoAir files for IPO
Indian low-cost carrier GoAir has filed a prospectus with the Indian Capital Markets authority for a planned market listing and is rebranding as Go First.
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NewsWizz continues Italian push by launching Rome Fiumicino base in July
Central European low-cost carrier Wizz Air is to open a four-aircraft base at Rome Fiumicino airport from July.
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NewsTUI pins hopes on summer peak recovery
European travel operator TUI Group is eyeing a strong pick-up in demand this summer and intends to operate three-quarters of pre-crisis capacity in the peak holiday period.
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NewsFormer Wizz and Flybondi executive joins Volotea as CFO
European carrier Volotea has named former Wizz Air and Flybondi executive Mike Powell as its new chief financial officer.