Cathay Pacific has suffered consecutive annual losses for the first time in its history, as Hong Kong’s flag carrier remains under pressure from rivals in China and the Gulf. The company, 45 per cent owned by the British conglomerate Swire and 30 per cent owned by Air China, said yesterday that it lost HK$1.26bn ($160m) in 2017. It lost HK$575m in 2016. China’s three […]
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Entries by Barry
The UK press have reported that IAG has warned that it could opt to keep new low-cost airline LEVEL out of the UK over air passenger duty (APD). They note that IAG launched the low-cost, long-haul carrier last year with flights from Barcelona to the US, and in November announced plans to set up a new base from Paris, flying to the Caribbean and North America […]
Niki Lauda has teamed up with German holiday airline Condor to sell flights for Laudamotion, the airline created after he bought Austrian carrier Niki out of insolvency. Lauda agreed a deal to buy Niki, a unit of collapsed Air Berlin, in January, beating a rival offer from IAG. Lauda plans to restart the carrier with 15 planes by […]
Air Belgium’s first two planes were registered in mid-February, taking the airline a step further towards meeting an end-of-March target date for launching its first commercial flight. The two Airbus A340 planes were added to the national air register today. Air Belgium is still awaiting its Air Operator’s Certificate (AOC) which the airline is hoping to receive imminently.
Ukraine International Airlines plans to double its passenger volume over the next four years. By the end of 2021 the airline aims to carry 13.3 million passengers. The chairman of the corporation’s supervisory board, Aron Mayberg, announced that the company intends to boost the volume of interlining passengers by 16 percentage points, to 60.4 per cent. In 2017, the airline handled 6.9 million […]
Emirates’ president Sir Tim Clark has hit back at American carriers accusing the Gulf airline of unjustly benefiting from government subsidies, saying that his company “has nothing to hide.” Sir Tim denied charges that Emirates has violated international Open Skies agreements, as alleged by the industry trade group Airlines for America. “We have provided our financials. We […]
Ryanair is to close its base at Glasgow Airport resulting in the loss of at least 300 jobs. The airline, which also operates out of Prestwick and Edinburgh, made the announcement as it unveiled its schedule for winter 2018. The company said 11 new routes would be added to its Edinburgh schedule. Chief commercial officer David […]
Most media outlets are reporting that the aerospace giant Rolls Royce has said that parts in its Trent 1000 engines were wearing out faster than expected but that it “had a solution” to the problem. It came as Rolls-Royce reported better-than-expected results for 2017, following a record loss in 2016. However, it signalled job losses ahead as the firm continues to cut […]
In a recent interview with Ryanair chief executive Michael O’Leary, he warned that he will force British shareholders to sell their stock in the budget airline if there is a hard Brexit. O’Leary has repeatedly claimed that flights between Britain and continental Europe are likely to be grounded in April next year in the event […]
easyJet has pushed ahead with plans to protect its flying rights after Brexit following a shareholder vote in favour of legal changes to help ensure the airline meets EU ownership rules. Shareholders have recently met at easyJet’s annual meeting and approved changes to its articles of association that will ensure it is EU-owned and controlled after Brexit. […]