Paris Air Show cancelled in blow to aviation industry December 7, 2020 Next year’s Paris Air Show has been cancelled in a blow for the embattled aerospace industry, it was announced today. It is the first time that the prestigious event, which alternates with the Farnborough Air Show, has been cancelled since the Second World War. The event, which tends to attract over 300,000 visitors, was due [...]
Ryanair buys 75 newly cleared Boeing 737 Max planes December 3, 2020 Ryanair has ordered 75 new 737 Max aircraft from Boeing, just weeks after the plane was finally cleared to fly again. The new order means that Ryanair will buy 210 of the planes in total, with a value of over $22bn. Until last month the 737 Max had been grounded for nearly two years after [...]
Ryanair and Wizz Air passenger numbers plunge 80 per cent amid lockdown December 2, 2020 Ryanair and Wizz Air both said that passenger numbers had dropped over 80 per cent in November, with international leisure travel banned under the UK’s second national lockdown. The Irish carrier said that it flew just 2m passengers last month, down from nearly 11m for the same month in 2019. For the year to date, [...]
Gatwick Airport demand takes off after quarantine rule change November 27, 2020 Gatwick Airport is preparing to ramp up flights after the government said quarantine rules will be relaxed in the run-up to Christmas. Chief executive Stewart Wingate said the airport had already seen boosted demand and was expecting to handle around 100 flights per day by mid-December. This is compared to just four a day during [...]
Aviation groups push for airport slot waiver extension November 26, 2020 Leading aviation organisations have pushed for airport slot rules to be waived into the summer as airlines continue to battle the coronavirus downturn. Under the existing rules, which have been suspended since March, airlines which do not use 80 per cent of their take-off and landing slots have to cede them to rival carriers. The [...]
Covid-19: Travel quarantine restrictions to be relaxed in time for Christmas November 24, 2020 Transport secretary Grant Shapps has scrapped blanket travel quarantine restrictions in time for Christmas so that people can travel to high-risk "red list" countries to visit relatives.
Airline stocks take flight again on Moderna vaccine success November 16, 2020 Airline stocks took flight in the last few minutes as Moderna revealed that its coronavirus vaccine was 95 per cent effective. For the second Monday in a row, shares in listed carriers have soared on the back of announcements regarding vaccines. Last week Pfizer said that its vaccine, which it has developed with Biontech, was [...]
Heathrow passenger numbers fall for eighth straight month November 11, 2020 Passenger numbers at Heathrow Airport fell for the eight month in a row in October as the government’s travel quarantine regime continued to hammer aviation. The number of people passing through the UK’s largest airport fell 82.4 per cent last month to just 1.2m passengers. The figures came with warnings that November would see an [...]
Ryanair back at 80 per cent passenger capacity by summer, O’Leary predicts November 10, 2020 Ryanair boss Michael O’Leary today said that he expected the airline’s passenger numbers to return to 75 per cent to 80 per cent of pre-pandemic levels next summer. Speaking to a travel conference this morning, the Irish businessman said that he expected to see a surge in tourism as soon as travel restrictions are lifted. [...]
Market surge crashes trading platforms on ‘busiest ever day’ November 9, 2020 Investors trying to cash in on today’s market surge were left disappointed after some of the major trading platforms crashed due to overwhelming demand. Pharma giant Pfizer today announced that early studies of its coroanvirus vaccine are 90 per cent effective which sent markets into a frenzy. The FTSE 100 shot up, closing up 4.67 [...]