All articles by Graham Dunn – Page 64
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NewsGreek state set to contribute €120m to Aegean Airlines capital increase
Greece is set to provide up to €120 million ($142 million) in state support for Aegean Airlines as part of a wider capital increase for the Greek carrier.
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Airline BusinessDe Juniac on why IATA focus is still on crisis management
The association’s director general Alexandre de Juniac will address the AGM on 24 November with IATA very much still in crisis management mode.
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Airline BusinessIATA’s Mikosz on testing challenge for airline restart – and beyond
One of the risks for the airline industry when some kind of normality returns is states using the cover of public health to protect struggling carriers by restricting market access.
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Airline BusinessChanging faces leading the airline industry’s bid for recovery
A number of long-standing airline leaders have either announced their intention to or stepped down over the past six months leaving their successors with the challenge of taking over during the toughest of challenges
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NewsJet2 sees winter capacity at half previous-year levels
UK leisure carrier Jet2 expects its winter seat capacity to be about half the levels of last year amid the continued impact of the pandemic after today posting an operating loss of £111.2 million ($147.3 million) for the six months to September 2020.
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NewsNorwegian seeks financial protection as units file for Irish restructuring
Norwegian has initiated a formal financial restructuring for its Norwegian Air International subsidiary and aircraft leasing unit Arctic Aviation Assets under an Irish examinership process. The cash-strapped low-cost carrier says the purpose of the process is to reduce debt, rightsize the fleet and secure new capital. In initiating an examinership ...
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NewsLufthansa network carriers to end free meals on short-haul flights
Lufthansa, Swiss and Austrian Airlines are to switch to a buy-on-board meal service for economy passengers on short- and medium-haul flights next year.
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NewsUK seals fresh air services deal with USA
UK and US officials have today signed an air services agreement to ensure flights can continue between the two countries once the existing EU transition period ends this year. Currently flights are covered under the existing air services agreement between the EU and the USA. But the UK’s Brexit transition ...
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NewsSouth Africa’s Airlink underlines independence with new livery
South African carrier Airlink has unveiled a new livery to mark its move to standalone operations.
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NewsKLM keeps focus on retaining destinations despite capacity cuts
Dutch carrier KLM now expects to operate around 40% of its pre-crisis levels of capacity on European routes over the coming months as a result of fresh travel restrictions imposed to counter the coronavirus. It expects to serve around 90-95% of the European destinations it flew to pre-crisis. The majority ...
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NewsPandemic drives Emirates to its first half-year loss
Emirates Group posted a loss of Dh14 billion ($3.8 billion) for the six months ended 30 September as revenues slumped 74% during the first half of its pandemic-hit financial year.
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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. ...