All articles by Graham Dunn – Page 67
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NewsCMA CGM to take stake in French airline parent in freight push
Shipping transport and logistics group CMA CGM has signed a memorandum of understanding to take a 30% stake in Groupe Dubreuil Aero, shareholder of carriers Air Caraibes and French Bee.
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Airline BusinessWhere the airline industry was when the music stopped
Another year of strong profit and traffic growth in 2019 for leading carriers illustrates the highs the industry had reached before the coronavirus pandemic, but offered no warning of the crisis to come that has pushed airlines to the brink.
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NewsTravel restrictions prompt Wizz to put St Petersburg launch on hold
Expanding Central European carrier Wizz AIr has been forced to put plans to launch its first Russian base on hold as a result of fresh travel restrictions.
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NewsNorway extends airline loan guarantee scheme until year-end
Norway is to set extend its aviation loan guarantee scheme until the end of the year in a move it hopes will make it more attractive to airlines.
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NewsEasyJet taps TUI aviation head Jarvis for finance role
EasyJet has named TUI Group’s aviation head Kenton Jarvis as its new chief financial officer, where he will team up again with chief executive Johan Lundgren.
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NewsGulf Air chief Kucko to step down
Gulf Air chief executive Kresimir Kucko is to step down from the role at the end of September after almost three years at the helm.
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NewsSwedavia cites commercial case for early closure of Stockholm’s Bromma airport
Swedish state-owned airports operator Swedavia has set out the commercial case for the early closure of Stockholm’s Bromma airport in an impact assessment carried out for the government in the light of the global pandemic.
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NewsGreenpeace to launch legal challenge over KLM state aid
Environmental group Greenpeace is to launch a legal challenge to block the Dutch government’s planned €3.4 billion ($4 billion) rescue support for national carrier KLM arguing green conditions tied to the bailout are not strong enough.
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Airline BusinessAirports face long wait for air traffic return
Whilst the crisis facing airlines has dominated most of the headlines since the collapse of air transport demand from the global pandemic, the symbiotic nature of their relationship means airports are facing their own financial pressures from the slump in passenger numbers.
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Airline BusinessWhy transatlantic return matters so much to airlines
When Virgin Atlantic broke the news it would need to cut over 1,000 more jobs, even having secured its future within £1.2 billion ($1.6 billion) in refinancing commitments, it underlined just how damaging the failure to reignite the key transatlantic market was.
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NewsSingapore Airlines to slash 4,300 jobs across group as pandemic takes toll
Singapore Airlines Group is to cut 4,300 positions across its airlines in a further sign of the scale of the impact of the coronavirus pandemic on the air travel industry. SIA expects to only be operating less than half its capacity by the end of the current financial year in ...
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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.