Wizz Air issues new €500m bond at minimal premium to repay Bank of England financing January 13, 2022 Wizz Air Holdings (Wizz Air) has issued a €500m bond at minimal premium to pay off Bank of England financing.
ITA Airways in search for partner ‘to put money on the table’ January 12, 2022 Italian carrier ITA Airways is searching for a partner to ‘put money on the table’ and invest in the newly born airline. Speaking at a parliamentary hearing, ITA Airways’ chairman Alfredo Altavilla said Alitalia’s successor is already in talks with European and overseas potential partners and it is expected to seal the deal by June, [...]
Airlines call on government to reopen travel despite possible restrictions December 20, 2021 The aviation industry has called on the UK Government to either reopen travel or “come to the table with economic support.” Airlines UK, the trade body that represents British carriers, has lambasted the government for its lack to support, saying “offering more debt to a sector that has already borrowed billions of pounds is not [...]
Airline passenger capacity to grow 47 per cent in 2022, data shows December 8, 2021 Airline passenger capacity worldwide is expected to pick up in the next few months, as forecasts project a 47 per cent growth in 2022. Data from Cirium’s Airline Insights Review has revealed that capacity could return to 2015 levels by the end of next year, as domestic markets become the main drivers of demand. According [...]
Sunak set to hike long-haul flight costs through air passenger duty Budget ‘overhaul’ October 23, 2021 Chancellor Rishi Sunak is plotting an air passenger duty hike for flights to long-haul destinations like Australia, Japan and South Africa in his Autumn Budget next week, as a penalty for their environmental damage. Passengers flying to such destinations can expect to pay more after the Chancellor has laid out his plans next week for [...]
Goodbye Alitalia: Italy’s new carrier to join airline alliance October 16, 2021 Alitalia’s successor ITA Airways will join the Skyteam alliance from next year, reported Reuters. ITA Airways’ chairman said yesterday that the new-born company aims to renegotiate the place within the Skyteam alliance that once belonged to Alitalia, partnering up with other airlines such as Lufthansa. “ITA has been created to be a strategic element in [...]