All articles by Graham Dunn – Page 69
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NewsIndiGo aims to raise up to Rs40bn through equity placement
Low-cost carrier IndiGo’s parent Interglobe Aviatoin has outlined plans to raise up to Rs40 billion ($533 million) through a planned institutional placement.
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NewsMoscow airports top European traffic in pandemic-hit first half
Moscow Domodedovo airport was Europe’s busiest airport for passenger numbers during June, a month in which the impact of the global pandemic was further illustrated by London Heathrow falling outside the top 10 biggest airports during that time.
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Airline BusinessAirline losses mount for second quarter after revenues collapse
Airlines routinely posted losses deeper than the revenue they brought in during the April-June quarter, as the virtual grounding of international scheduled services wiped out much of their business.
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NewsCreditors to vote on Virgin Atlantic restructuring plan on 25 August
Virgin Atlantic creditors will vote on the UK carrier’s restructuring plan at a meeting on 25 August after court proceedings in London yesterday.
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NewsRyanair and Wizz claw back more traffic in July
July traffic figures released today show Wizz Air operated more than 70% of its planned capacity, while Europe’s biggest low-cost operator Ryanair saw its first significant return of passengers since the global pandemic began.
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NewsParis airports operator sees at least five years before full traffic return
Aeroports de Paris is projecting passenger traffic levels at the French capital will not return to last year’s high until the 2024-27 timeframe.
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Airline BusinessSkyTeam chief sees crisis creating fresh focus for airline alliances
SkyTeam is marking the start of its third decade with a fresh focus on supporting industry efforts to rebuild passenger confidence in flying, and on accelerating a ‘contactless’ travel experience offering across its alliance members.
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NewsAlaska eyes Oneworld membership by year-end
Alaska Airlines hopes to complete its entry into Oneworld by the end of the year after the alliance formally invited the US carrier to become its 14th member.
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NewsRyanair to axe Hahn base after pilots reject cost-savings deal
Irish budget carrier Ryanair is set to close its base at Frankfurt Hahn airport in November as part of wider cuts after failing to reach agreement on cost savings with German pilots.
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NewsUK sees health and financial assurances key in restoring air travel confidence
UK transport ministry officials are targeting work around testing as the next stage in building passenger confidence in air travel following the coronavirus pandemic. Source: Heathrow Airport Airlines have begun restoring scheduled passenger services to and from the UK since the government relaxed its quarantine rules, which ...
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NewsAirports see masks as key in virus battle until medical solution
Face coverings provide a necessary alternative to social distancing in the absence to a medical solution to the coronavirus pandemic, airport executives say
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NewsUN court rejects Gulf states appeal in Qatar blockade case
An international court has rejected an appeal by four Gulf states countering ICAO’s right to rule on a challenge to the three-year air space restrictions imposed on Qatari aircraft.
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NewsVirgin Atlantic eyes profit from 2022 after sealing vital £1.2bn refinancing
Virgin Atlantic has finalised a £1.2 billion refinancing package over the next 18 months.
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NewsDelta posts huge second-quarter loss as pandemic takes toll
Delta Air Lines posted an adjusted pre-tax loss of $3.9 billion for the second quarter, even before fleet restructuring costs and investment write-downs widened its overall coronavirus crisis losses incurred for the period.
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Airline BusinessHow Ryanair is increasingly locking horns with Wizz
While most of Ryanair’s fire is aimed in the direction of highlighting potential competition concerns resulting from the state bailouts, it has increasingly been squaring up with central European budget carrier Wizz Air.
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NewsAir China completes its maiden ARJ21 service
Air China has completed its maiden flight of a Comac ARJ21 regional jet on the domestic routing from Beijing Capital airport to Xilinhot.
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NewsStruggling Air Namibia cleared to resume flights
Under pressure Air Namibia has been cleared by the Namibian High Court to resume services after its operating licence was suspended amid continued financial concerns.
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NewsLATAM secures key funding as Brazilian unit joins Chapter 11 filing
LATAM Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.
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NewsBlue Air takes creditor protection step as it rebuilds network
Romanian carrier Blue Air has taken a preventative measure under local insolvency law as it further restores its network after the coronavirus grounding. Blue Air says it has taken the protective measure of ’concordant procedure’ - a preventative action under which companies seek to reach agreement with creditors. ...
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NewsAer Lingus staff to vote on new labour deal
Aer Lingus staff represented by the SIPTU union are to be balloted after a deal was reached on new pay and conditions at the Irish carrier.