All articles by Graham Dunn – Page 65
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News
ICAO task force outlines guidelines for restarting air travel
An ICAO task force has published its recommendations to aid the restart of international air transport following its virtual grounding from the coronavirus pandemic. ICAO’s Aviation Recovery Task Force drew up the guidelines after consulting with countries, regional organisations, the World Health Organisation and aviation industry groups. The task force’s ...
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News
Norway to extend airline loan guarantee scheme
Norway’s government plans to extend its state loan guarantee scheme for airlines until the end of October saying the crisis is lasting longer than envisaged when the programme was intially launched.
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News
Bullish Wizz to open Milan and Larnaca bases in July
Central European budget carrier Wizz Air has given a further indication of its expansive approach to the post-crisis environment by detailing plans to open bases at Milan Malpensa and the Cypriot resort of Larnaca.
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News
European carriers take tentative steps to restoring networks
Several European operators have announced more tentative steps to restoring their networks, including the resumption of services by Lufthansa Group operators Austrian Airlines and Brussels Airlines in June. Austrian Airlines, which suspended flights on 19 March, has today announced it will resume scheduled flights to mostly European cities in mid-June. ...
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News
EasyJet to axe up to 30% of jobs as it cuts fleet
EasyJet is to begin consultations on proposals to cut staff levels by up to 30% as it expects to reduce its fleet by 51 through a mix of deferrals and returning leased aircraft by the end of 2021. In a trading update released today the UK budget carrier says it ...
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News
Kenya Airways losses widen in 2019 on higher costs
Kenya Airways pre-tax losses deepened to KSh13 billion for the year ending December 2019 despite increasing passenger levels and revenues.
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News
Administrators see ‘reasonable’ prospect of SAA rescue
Business rescue practitioners at South African Airways describe as “reasonable” the prospects of rescuing the struggling carrier, though stress this is dependent on the necessary funding.
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News
Lufthansa board delays state aid approval over EU conditions
Lufthansa’s supervisory board has postponed pushing ahead with approving crucial state-supported funding because of European Commission conditions attached to the package.
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News
IATA spells out airline failure fears from rising debt burden
IATA is warning that the increased debt levels being racked up by airlines to counter the revenue shortfall during the coronavirus grounding means a slower recovery and the potential for failures remain even though state interventions have been made.
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News
Air France terminates A380 fleet with immediate effect
Air France has accelerated plans to phase out its Airbus A380 fleet and will retire the aircraft immediately rather than in 2022 as previously scheduled.
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News
Norwegian secures key state loan after sealing equity restructuring
Norwegian has completed its financial restructuring under which it converted NKr12.7 billion ($1.27 billion) debt into equity to enable it to access NKr3 billion in lifeline state aid.
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News
Smartwings seeks support on financing not state ownership
Czech airline operator Smartwings Group insists it is only pressing for government support on financing through the crisis rather than wanting it to take a holding in the company. The group, which includes Czech Airlines as well as leisure operator Smartwings, was the focus of fresh speculation after the country’s ...
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News
India’s Indigo distances itself from shareholder move for Virgin Australia
The parent of Indian carrier Indigo Airlines has distanced itself from a move by its biggest shareholder InterGlobe Enterprises expressing interest in Virgin Australia.
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News
Branson to sell shares in Virgin Galactic to help troubled travel businesses
Richard Branson’s Virgin Group is looking to sell some of its stake in Virgin Galactic to help raise proceeds to support its troubled leisure, holiday and travel businesses.
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News
Leasing chiefs see crisis driving consolidation among aircraft lessors
Leading aircraft lessor chiefs see the coronavirus crisis increasing the likelihood of consolidation among aircraft leasing companies.
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News
Lufthansa in talks over state role in €9bn rescue package
German carrier Lufthansa is continuing negotiations for a €9 billion stabilisation package from the German government’s Federal Economic Stabilisation Fund (WSF) as it bids.
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Airline Business
How might crisis impact European carrier network thinking
A string of major permanent job cut announcements from European carriers over the past week underlines the extent to which the airline industry will be smaller when passenger services return to some kind of normality.
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News
Air Europa deal still makes sense but work to do to complete: Walsh
IAG chief executive Willie Walsh believes its planned acquisition of Spanish carrier Air Europa still makes strategic sense but notes work is still ongoing regarding pricing and competition issues before a decision on completion can be made. The Iberia and Vueling parent in early November outlined its plan to acquire ...
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News
IAG scales back planned deliveries to 75 over next three years
British Airways and Iberia parent IAG now expects to take delivery of 75 aircraft over the next three years as it reduces its fleet requirements in line with expectations that passenger demand will not return to pre-crisis levels before 2023. The new fleet plan marks a reduction of 68 on ...
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News
Walsh to step down in September as IAG eyes ‘meaningful’ return in July
IAG chief executive Willie Walsh will step down in September as the British Airways and Iberia parent aims for a “meaningful” return of services in July. Walsh, who has led the group since is inception, was originally due to step down in March but delayed the move as the coronavirus ...