Emirates orders $9bn worth of Boeing jets despite safety concerns November 20, 2019 Gulf airline Emirates has unveiled a $9bn order for 30 Boeing 787 Dreamliners, while reducing its deal for the delayed 777x plane from 150 to 126. The order was struck after 11th hour talks at the Dubai air show, which has been taking place this week. It follows comments from Emirates president Tim Clark that [...]
Easyjet boss bullish about package holiday move, despite tumbling profit and ‘difficult’ aviation market November 19, 2019 Easyjet has unveiled a new-look package holiday business just months after the collapse of Thomas Cook, despite profit plunging more than a quarter over the last year. The budget flyer said the new business, Easyjet Holidays, will launch in the UK just in time for customers to pencil in a Christmas getaway, with bookings open [...]
Stobart Group shares fall after dividend suspended November 14, 2019 Shares in Stobart Group fell as much as five per cent this morning after the company said it would suspend its dividend in order to invest in growing its aviation and biomass energy divisions. The Group reported strong revenue growth for the first half of the year, with an increase of over a third to [...]
Wizz Air is planning to expand in London ‘no matter what happens to Brexit’ November 13, 2019 Low cost flyer Wizz Air is planning to spread its wings in its key London market, “no matter what happens … to Brexit,” its chief executive said today. Jozsef Varadi, who co-founded the Hungarian carrier, said this morning he “absolutely” plans to expand in the capital, despite missing out on Thomas Cook’s take-off and landing [...]
Revealed: Ryanair named as dirtiest airline in UK by passengers, says Which November 9, 2019 Ryanair has been named as the filthiest flight operator in the UK by passengers, according to a Which survey. Having surveyed 7,901 people who had taken 12,459 flights between them, more than half rated the level of hygiene in Ryanair plane cabins negatively. Read more: Jet2 buys Thomas Cook’s slots at Stansted, Manchester and Birmingham [...]
Ryanair has grounded three Boeing 737 planes due to cracks November 6, 2019 Ryanair has grounded three planes due to cracks between the wing and fuselage, but has not disclosed it to the public. Three of the airline’s Boeing 737s have been affected by so-called “pickle fork” cracks, which have led to 50 planes being grounded since 3 October across the aviation industry. Read more: Ryanair will ask [...]
Ryanair will ask for IAG divestments in €1bn Air Europa deal November 4, 2019 Ryanair boss Michael O’Leary is ready to ask competition regulators to intervene in British Airways owner IAG’s purchase of Air Europa, he said today. IAG is primed to buy the Spanish airline for €1bn (£860m) but O’Leary said he will ask the Competition and Markets Authority (CMA) to force the firm to make divestments to [...]
What Thomas Cook’s collapse tells us about the power of disruption November 4, 2019 Whilst the failure of UK holiday firm Thomas Cook was sudden and a considerable shock to many, the writing has been on the wall for some time now. Driven by technology and specifically by the advent of online booking and reservation systems, the travel industry has long been undergoing a radical transformation across each of [...]
British Airways owner IAG pays €1bn for Air Europa November 4, 2019 British Airways’ parent company, IAG, has reached a €1bn deal to acquire rival Air Europa in a bid to bolster its presence in the South Atlantic. The deal means IAG can turn its Madrid hub into “a true rival” to the four European hubs of Amsterdam, Frankfurt, Heathrow and Paris Charles De Gaulle airports, the [...]
UK firms urged to review reward schemes October 20, 2019 British companies should reconsider their use of long-term incentive plans in favour of restricted share awards, according to recommendations by a management think-tank. Long term incentive plans are designed to boost performance, however the system has faced criticism as the rewards are often not tied to a company’s share price. Read more: Berkeley Group faces [...]