All articles by Graham Dunn – Page 70
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NewsKLM secures €3.4bn in state support
Dutch carrier KLM has sealed state backed financing of €3.4 billion to help it through the coronavirus crisis under an agreement which is tied to conditions around cost reductions and environmental performance. The Dutch government had in April pledged an aid package to KLM in the form of state guarantees ...
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NewsLufthansa shareholders confirm bailout approval
Lufthansa shareholders have approved a €9 billion ($10.1 billion) financial rescue from Germany’s economic stabilisation fund (WSF) at an extraordinary general meeting today. The vote in favour of the financial package was expected after the airline’s biggest shareholder Heinz-Hermann Thiele indicated he would support the deal. Under the financial plan ...
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Airline BusinessIATA chief De Juniac on challenges ahead for airline recovery
Airlines have been at the sharp end of coronavirus crisis as air travel markets locked down, but the bigger challenge is in how quickly and effectively they reopen. IATA chief executive Alexandre de Juniac believes implementing common standards will be key in global efforts to restore confidence in safe air ...
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NewsLufthansa poised for bailout as key shareholder set to back plan
A vital €9 billion ($10.1 billion) state bailout of Lufthansa is set to be approved at an extraordinary general meeting today after key shareholder Heinz-Hermann Thiele indicated he would support the deal. Lufthansa had earlier this month said the €9 billion financial support package agreed with the German government to ...
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NewsIATA sees industry billings system holding firm
IATA believes its billings and settlements plan (BSP) system that supports air travel industry transactions has held firm during the liquidity strain facing airlines and travel agents during the Covid-19 crisis.
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Airline BusinessEuropean carriers put emphasis on reach in short-haul return
As European carriers lay out their plans for restoring passenger services, one of the most notable aspects has been a desire to rebuild the spread of networks ahead of volume.
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NewsDe Juniac sees fresh state role in airlines as short-term measure
IATA director general Alexandre de Juniac expects those governments that have taken stakes to help prop up cash-strapped airlines during the crisis will not be long-term investors in the carriers.
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NewsAer Lingus set to cut up to 500 jobs
Irish carrier Aer Lingus is warning it expects to cut up to 500 jobs citing the ‘catastrophic effect’ the coronavirus crisis having on the aviation industry.
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NewsWizz continues post-crisis push with St Petersburg base
Central European budget carrier Wizz Air has continued its post-crisis base expansion by disclosing plans to open a single-aircraft operation from St Petersburg’s Pulkovo airport.
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NewsNorwegian to restore some European short-haul flights from July
Norwegian is to deploy a further a dozen aircraft from the start of July as it reopens short-haul European links from Scandinavia The restructuring low-cost carrier has been operating only a network of 13 domestic routes since the pandemic hit using eight aircraft. But it now plans to expand its ...
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Airline BusinessHow states have stepped in to support European carriers
Faced with an immediate drop in revenues from the virtual of grounding of international scheduled passenger flights, governments around the world have stepped in to find ways to keep carrier in business through the coronavirus crisis and beyond.
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NewsState to consider integrating some Air Italy assets into new Alitalia
Italy’s transport and infrastructure minister Paola de Micheli has indicated the state is considering the possible of integration some Air Italy assets into its renationalised Alitalia. Sardinia-based AIr Italy collapsed in February after shareholders could not agree on further investment to keep the struggling airline operational, though 49% owner Qatar ...
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NewsZeitfracht sells stake in Romania’s Blue Air
German logistics firm Zeitfracht Group has divested its stake in Romanian low-cost operator Blue Air.
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Airline BusinessJune share price uptick strikes brighter note for airlines
Tentative signs of the opening of international air travel markets for this summer and the sealing of stabilisation measures have coincided with an uplift in airline share prices in June which will have the hard hit carriers hoping the worst may be over.
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NewsAlbrecht and Browne proposed for Norwegian board
Experienced airline executives Jaan Albrecht and Chris Browne, together with Aercap’s chief risk officer Anton Joiner are among nominations to join the board at Norwegian.
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NewsAirlines to post record net loss of $84bn this year: IATA
IATA is projecting airlines will post their largest ever collective net loss this year, totalling $84.3 billion, and will remain in the red in 2021, as the association made its first projection of the scale of industry losses since the coronavirus crisis hit.
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NewsSwissport pulls the plug on loss-making Belgian ground handling unit
Swissport Belgium is to file for bankruptcy after the coronavirus crisis pushed the struggling operation over the edge.
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NewsCroatia Airlines studies potential Ljubljana base
Croatia Airlines has held preliminary talks with Slovenian government and airport officials over potentially beginning flights from Ljubljana.
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Airline BusinessMiddle East carriers aim to get back on track
Much of the attention on airlines in the Middle East during the coronavirus crisis has focused on the big three Gulf operators and the struggles of Israeli carrier El Al.
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Airline BusinessHow the airline industry has been hit by the crisis
After years of record traffic growth and unprecedented profitability, the airline industry is facing the sharpest and most sustained fall in air traffic demand as the coronavirus pandemic has brought international travel to a virtual standstill.