Flexjet: Private jet giant valued at $4bn after mega funding round July 21, 2025 Flexjet, the world’s second-largest private jet company, has been valued at around $4bn (£2.9bn) after securing $800m in new funding. The US firm’s latest funding round has been led by private equity giant L Catterton – which itself is backed by luxury group LVMH. Other backers of the round include KSL Capital Partners and J. [...]
Wizz Air to pull out of Abu Dhabi and cancels all flights July 14, 2025 Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]
Wizz Air CEO gets huge bonus despite tumbling shares and profit June 25, 2025 The chief executive of Wizz Air saw his pay take off despite the airline’s profit tumbling during its latest financial year. Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the Hungarian low-cost airline’s year to 31 March, 2025, according to its annual report. The CEO’s remuneration was boosted from the €1.3m he [...]
London Stansted Airport submits major expansion plans June 9, 2025 London Stansted Airport is seeking permission to increase the number of passengers it handles every year to more than 50m. The transport hub, which is owned by Manchester Airports Group, is hoping to up its annual passenger capacity to nearly 51m over the next two decades. The airport said it is aiming to complete the [...]
British Airways owner IAG to buy 53 new aircraft as earnings beat estimates May 9, 2025 British Airways and Aer Lingus owner, IAG, has announced the order of 53 new aircraft for its fleet, alongside better-than-expected first-quarter results. IAG announced the order of 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft for Aer Lingus, Iberia and LEVEL. [...]
Haute Maurienne Vanoise: A mindful hike in the French Alps February 17, 2025 On my climb towards the Vallonnet glacial cave in Haute Maurienne Vanoise within the Savoie region of the French Alps, the landscape was pristine and the silence profound – it was a stillness I had never experienced before. There was no wind, no animal sounds, no people, no traffic. Nothing. The snow is abundant – [...]
Boeing suffers second-biggest yearly loss in its history January 28, 2025 Boeing has reported its second-largest annual loss on record after one of the most turbulent 12-month periods in its history. The US planemaker reported an annual net loss of $11.8bn (£9.5bn) on Tuesday and burned through some $14.3bn in free cash. Revenue also fell 14 per cent to $66.5bn, while deliveries from its commercial airplanes [...]
The real White Lotus hotel: San Domenico Palace, Sicily January 28, 2025 In the world of luxury and super-luxury hotels, a new category has emerged, one that’s so exclusive it has only been bestowed upon two resorts in the entire world: the White Lotus Hotel. The White Lotus is, of course, the fictional hotel chain from the eponymous HBO drama, a place where the world’s wealthiest families [...]
Bigger airports will get growth off the ground January 27, 2025 Anyone who believes in growth should applaud rumours that Rachel Reeves will allow London’s airports to expand, says Jasper Ostle Rachel Reeves is rumoured to be throwing her authority behind the expansion of Britain’s airports, particularly Heathrow, Luton and Gatwick. It’s a courageous effort to accelerate necessary development: she will face opposition from colleagues, local [...]
Brexit has left the UK aviation sector up in the air January 24, 2025 Since Brexit, UK pilot’s qualifications are no longer recognised in the EU and planes have to fly to America or Brazil for maintenance. If the government is serious about resetting Britain’s relationship with Europe then aviation would be a good place to start, says Chris Hope In 1945, William T Piper, the founder of the [...]