Wizz Air: Huge shareholder revolt over plans to hand boss bumper bonus September 26, 2024 Wizz Air has suffered a huge shareholder revolt against its plans to hand its chief executive a bumper pay deal. The airline is looking to give Jozsef Váradi a restricted share award which would represent 300 per cent of his £710,534 salary. The listed company has argued that Váradi’s compensation doesn’t reflect a unique “parade [...]
Short sellers circle Wizz Air amid share price struggles September 23, 2024 The latest data from S & P shows shares out on loan represent 13 per cent of Wizz Air's stock available for trading.
Jet2 founder Philip Meeson sells millions more shares September 11, 2024 The founder of budget airline and holidays operator Jet2 has further lowered his stake in the listed business after selling a further five million shares. Philip Meeson has sold the ordinary shares to a limited number of institutional investors. The deal involves approximately 2.3 per cent of the issued ordinary share capital in Jet2. In a statement [...]
Easyjet partners with US firm developing futuristic ‘blended-wing’ plane September 4, 2024 Easyjet has announced a tie-up with a US-based firm to develop revolutionary “blended-wing” technology it claims will cut fuel burn by 50 per cent. The budget airline is the first European airline to partner with Jetzero, which has already attracted support for its project from Alaska Airlines, NASA and the US Air Force, ahead of [...]
Airspace reform is being ‘shackled by needless bureaucracy,’ Easyjet chief warns September 4, 2024 UK and European airspace reforms that would reduce flight times and emissions are being “shackled by needless bureaucracy,” according to the chief executive of Easyjet. Speaking at a Net Zero conference in Bedford, Johan Lundgren said airspace modernisation was the “quickest way to reduce carbon emissions” but warned it couldn’t be “kicked down the road [...]
Aircraft orders still lagging behind despite UK airlines hitting 2024 high August 23, 2024 The number of aircrafts being ordered by UK airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues. Some 131 orders were placed over the month, outpacing every other month in 2024 and representing the largest July delivery rate on [...]
Labour shows its pro-business credentials with London City Airport expansion August 20, 2024 The popular business travel hub was given the green light to boost its annual passenger cap from 6.5m to 9m on Monday.
Etihad Airways nets £183m as passenger numbers soar August 8, 2024 Some 8.7m passengers flew with the UAE flag carrier over the first half, as it hauled in around £2.5bn in revenue.
Air Astana eyes China routes after record passenger traffic August 5, 2024 Some 4m passengers flew with the London-listed airline over the last six months, up 14.6 per cent year-on-year.
Wizz Air passenger numbers dip as engine issues constrain capacity August 2, 2024 Wizz Air has been forced to constrain capacity due to long-running issues with the engines of some of its aircraft.