EasyJet plans Brexit shareholder shake-up that could force UK nationals to sell their shares November 21, 2017 EasyJet has set out plans that could force UK shareholders to sell their stakes after Brexit, as it looks to get ready for Britain’s departure from the bloc and comply with foreign ownership rules. Under EU law, the airline needs to ensure majority control and ownership by EU nationals for when Britain leaves the bloc, [...]
Monarch dethroned: Rival budget airlines’ shares take off as firm collapses and Greybull gets set to lose £170m October 3, 2017 Monarch collapsed into administration yesterday, affecting the journeys of 860,000 passengers in the largest UK airline failure in history. The failure of the Luton-based company led to transport secretary Chris Grayling ordering the “country’s biggest ever peacetime repatriation” to fly back 110,000 passengers stranded abroad. The rescue operation will cost around £60m, the Civil Aviation [...]
Easyjet, Ryanair and IAG share price jumps in the wake of Monarch’s failure October 2, 2017 Shares in some of Monarch’s airline rivals jumped this morning after the news that Britain’s fifth biggest carrier had ceased trading. Easyjet, which was reported to be one of a number of parties in talks with Monarch to save the airline, led the way and was this morning’s biggest FTSE 100 gainer. Shares were up [...]
Ryanair cancellations: Airline suspends 34 winter routes including London Gatwick to Belfast and London Stansted to Edinburgh September 27, 2017 Ryanair has announced today that 34 routes will be suspended from November through to March 2018 as it seeks to bring an end to its flight cancellation troubles. The decision means routes including London Gatwick to Belfast, and London Stansted to Edinburgh and Glasgow have been suspended, with up to 18,000 flights and 400,000 more [...]
Ryanair issues defamation proceedings against the Guardian and a pilots union – reports September 21, 2017 Irish airline Ryanair is said to be suing pilots union IALPA and the Guardian for defamation, as it continues to deal with the scheduling crisis that has led to hundreds of flights being cancelled. Responding to reports from a local journalist that Ryanair was taking legal action against both parties, a spokesperson for the budget [...]
Ryanair’s already precarious reputation may be grounded by its spate of cancellations September 20, 2017 As Ryanair – and its passengers – begin to count the cost of its decision to cancel 40 to 50 flights every day for the next six weeks, YouGov BrandIndex data suggest that the saga is already denting the airline’s long-term efforts to improve its public perception. The brand blames poor planning of pilots’ holidays [...]
Ryanair latest: The updated list of flight cancellations to and from UK airports this week September 19, 2017 Ryanair has published a comprehensive list of flight cancellations to the end of October, after facing customer anger over a lack of detail. The Irish carrier is scrapping between 40 and 50 flights a day for six weeks, after admitting to messing up planning for pilots' holidays. Up to 400,000 passengers will be affected. The [...]
Ryanair flight cancellation troubles to cost airline up to €25m as boss Michael O’Leary bemoans ‘mess of our own making’ September 19, 2017 Ryanair is set to foot a €25m (£22m) bill following a wave of flight cancellations set to take place over the next six weeks. The airline said over the weekend that it will cancel 40 to 50 flights every day until the end of October after “messing up” its pilots’ holidays, the fallout from which [...]
Norwegian has quietly been poaching dozens of Ryanair pilots amid flight cancellation chaos September 18, 2017 Low-cost airline Norwegian has poached a chunk of pilots from the Irish airline since the start of the year, it emerged today. It comes amid the news that Ryanair has announced a slew of flight cancellations over the coming six weeks after messing up the planning of pilot holidays. The airline, which has been bolstering [...]
EasyJet submits offer to acquire part of insolvent Air Berlin September 15, 2017 Budget airline EasyJet has this afternoon announced a proposal to take over parts of Air Berlin’s short haul business. EasyJet submitted the suggestions to the firm overseeing Air Berlin’s insolvency, saying they were “consistent with EasyJet’s focused, city-based strategy in Germany”. Read more: Air Berlin plans to agree asset sale deals with at least two [...]