Airline SAS gets £255m loan guarantee from Denmark and Sweden May 26, 2021 Sweden and Denmark said today that they had agreed to offer ailing airline SAS, in which both countries own stakes, a 3bn Swedish crown (£255m) loan guarantee. The Covid-19 pandemic has seen air travel collapse, plunging the industry into crisis and leaving carriers scrambling to secure funds to weather the slump. SAS said the credit [...]
Airlines avoid Belarus airspace as EU mulls sanctions May 25, 2021 A growing number of airlines have stopped flying through Belarusia airspace after the “hijacking” of a Ryanair flight carrying a dissident journalist. Carriers including Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines have thus far announced they would stop flying over Belarus. The decision to stop flying comes after the EU last night called for [...]
New York-London travel bubble vital for JetBlue: Its CEO is certain US will get on UK green list May 20, 2021 New York-London travel bubble vital for JetBlue: Its CEO is certain US will get on UK green list
Air Partner profits soar as PPE shipping drives record year May 11, 2021 Aviation group Air Partner today reported a record year of growth, driven by its ferrying of PPE during the pandemic. Air Partner saw underlying pre-tax profit soar by 176 per cent to £11.6m throughout the year ended 31 January 2021. Gross profit was also up by more than 31 per cent to £44.9m, while statutory [...]
Cheap PCR tests: Where to get them and what you need to fly May 10, 2021 Borders open for international travel on 17 May, with Brits preparing to brave the Kafkaesque nightmare of the traffic light system to visit their favourite summer sun destination. But to travel to many countries, passengers will require a PCR – polymerase chain reaction – Covid test, which must meet performance standards of at least 97 [...]
Airline passenger numbers creep higher as holidaymakers await green light May 5, 2021 Covid-19 passenger restrictions continued to squeeze airlines’ passenger numbers in April, a year on from the start of the pandemic, although there were some chinks of light for the sector. Ryanair said it flew 1m people last month, twice as many as it did in March, but still millions short of its normal capacity. Compared [...]
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]
World’s airlines face losses of nearly $50bn in 2021, IATA warns April 21, 2021 Global aviation body the International Air Transport Association (IATA) today warned that the world’s airlines could be facing combined losses of $47.7bn (£34.3bn) in 2021 due to Covid-19. Planes remain grounded around the world as travel restrictions continue to limit flying to a mere fraction of pre-pandemic levels. Although such a loss is a huge [...]
Jet-set: Private jet sales caught a tail-wind in 2020 despite Covid grounding most travel March 29, 2021 Jet-set: Private jet sales caught a tail-wind in 2020 despite Covid grounding most travel
Government mulls reform of long-haul air passenger duty to balance domestic cut March 23, 2021 The government has today kicked off its consultation on reforming the air passenger duty (APD) tax regime as part of its so-called “tax day”. Ministers are looking to change the current structure of the tax to improve intra-UK travel links without compromising its 2050 net zero emissions targets. As was previously announced, it will consider [...]