Tag Archives: airline

Shares of Tui, IAG, Lufthansa rose after Johnson plans to end the lockdown | Instant News


The city of Ermoupolis (also called Ermoupoli) is located on the Greek island of Syros.

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LONDON – European travel stocks surged early Tuesday as customers scrambled to make new bookings after Britain announced its four-step plan to end coronavirus restrictions.

Shares from Tui, Germany’s travel group, up nearly 7% in early European trading hours. The International Airlines Group, owner of British Airways and Iberia, also jumped more than 6% and shares in the German airline Lufthansa jumped more than 4%.

The sector has been particularly hard hit by coronavirus restrictions, with people advised not to travel abroad and having to deal with strict quarantine policies if they do.

However, on Monday afternoon, British Prime Minister Boris Johnson announced his four-step plan to lift all social restrictions by June 21 and that led to a spike in new bookings.

EasyJet said on Monday evening it experienced a 337% increase in UK flight bookings and a 630% increase in holiday bookings following the government announcement. Tui also said bookings jumped 500% overnight.

There is a desire to be out there and see the world and pent up it will come back, it’s only a matter of time.

Keith Barr

CEO of IHG Hotels & Resorts

Greece, Spain, Turkey and Portugal were among the top destinations in the new bookings.

Johan Lundgren, CEO of easyJet, said in a statement: “We have consistently seen that there is a latent demand for travel and this surge in bookings shows that the signal from the Government that they are planning to reopen travel is what British consumers have been doing. waiting.”

Andrew Flintham, managing director of TUI UK and Ireland, said in an email that the announcement from the prime minister “was positive and suggests that by working with the travel industry on a risk-based framework, our customers will have the opportunity to travel abroad this summer. “

The UK is lifting coronavirus restrictions in four stages starting March 8 with schools reopening, but the entire process will depend on how the epidemiological situation develops.

The government also said it was reviewing restrictions on international recreational travel and would announce changes on April 12.

“We know that there are customers who want to travel, there is a passionate desire to be out there and see the world and pent up it will come back, it’s only a matter of time,” Keith Barr, CEO of IHG Hotels & Resorts told CNBC’s Squawk Box Europe on Tuesday. .

“Am I going to take a one-day trip from London to New York for the three-hour meeting? Probably not, so there will be an impact on business travel,” Barr said when asked how the sector is likely to change in the post. -Covid world, but he added that “but most of the plantations will get through this (crisis).”

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National Aviation Policy amended at PM directive: source | Instant News


KARACHI: The Civil Aviation Authority (CAA) has decided to make amendments to the 2019 National Aviation Policy at the direction of Prime Minister Imran Khan, citing sources, ARY News reported on Saturday.

The 2019 National Aviation Policy is being reviewed by higher authorities at the prime minister’s direction, a source closer to CAA told ARY News, adding that CAA’s air transport director was given the responsibility of reviewing it.

Sources said that the amendment to the national aviation policy would make it easier for airlines in addition to encouraging the aviation industry. After the necessary policy changes, the tourism sector will benefit from adding more airlines in the country.

Read: CAA notifies the elimination of three divisions, new positions

The CAA director general will send the full report to the aviation secretary after completing the review process. Later, the draft National Aviation Policy 2021 bill will be presented to Prime Minister Imran Khan for final approval.

It is likely that more amenities and perks will be provided to boost airline business under the new aviation policy, whereas, the federal government is also considering increasing the validation period of regular public transport permits.

It will also contain guidelines for private airlines, regulations for regional integration permits for tourism promotion, airport and air navigation infrastructure, economic development and chapters of environmental regulations.

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Cities in New Zealand will be under lockdown for 3 days after the virus is discovered | Instant News


New Zealand’s largest city of Auckland will be under lockdown for three days starting before midnight Sunday following the discovery of three unexplained coronavirus cases in the public.

Prime Minister Jacinda Ardern announced the move after an urgent meeting with other prominent lawmakers in the Cabinet. He said they decided to take a cautious approach until they found out more about the outbreak, including whether it was from a more contagious variant.

The lockdown is New Zealand’s first in six months and represents a significant setback in the country’s largely successful efforts to contain the virus.

New Zealand has successfully eradicated community spread, and many people elsewhere in the world look enviously when New Zealanders return to work and start attending concerts and sporting events without needing to wear masks or take other precautions.

Indeed, Ardern had planned on Sunday to attend Big Gay Out, an Auckland festival that celebrates the rainbow community and attracts tens of thousands of people. He finally abandoned the plan and returned to Wellington to deal with the outbreak.

“I ask New Zealanders to continue to be strong and kind,” Ardern said at a hastily arranged press conference on Sunday evening. “I know we all feel the same way when this happens. We all feel ‘Not anymore’. But remember, we’ve been here before and that means we know how to get out of this again, and that together. “

New Zealand’s greatest vulnerability is at the border.

New cases are regularly found among returning travelers, all of whom are required to undergo a two-week quarantine. Despite precautions, there have been several times the virus has leaked out of the border before being brought under control again, and officials are trying to determine if it is happening again.

In the most recent case, an Auckland mother, father and daughter contracted the disease. Officials said her mother worked for a catering company that washed clothes for airlines, and officials were investigating whether there was a link to the infected passenger. Officials said the woman did not board the plane herself.

Officials said all of New Zealand outside of Auckland would also be placed under increased restrictions, although they would not be isolated.

“We are gathering all the facts as fast as we can, and the system that served us so well in the past is really ready to do it again,” said COVID-19 Response Minister Chris Hipkins.

He described the cases as new and active. He said scientists were doing genome sequencing to see if it was a variant, and also to see if it matched the infected passengers.

“New Zealand has been keeping COVID-19 better under control than almost any other country,” said Hipkins. “But as we keep saying, there is no such thing as no risk.”

New Zealand, with a population of 5 million, has reported a total of more than 2,300 cases and 25 deaths since the pandemic began.

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Network Renewal Routes for Swiss easyJet | Instant News


Switzerland suspended most of its Geneva hub operations due to the COVID-19 action

03.02.2021 – 01:32 UTC

Switzerland (LX, Zurich) has announced that it will suspend nearly all of its flights from its secondary hub at Geneva in response to new tighter border restrictions, including a requirement for all arriving travelers to show a negative PCR test.

“The action was taken because the Swiss service ‘Geneva is a point-to-point operation that does not generate additional business through the feeder function (as was the case in Switzerland’ Zurich center). Geneva airport also currently lacks tourist testing facilities, “the airline said.

As a result, the airline said that until the end of February, it would only link Geneva with Zurich (13x weekly) and Frankfurt Int’l (every day) to ensure hub connectivity for western Switzerland. It underscored its long-term commitment to Geneva as a secondary hub and said that as soon as travel restrictions allow more travel and return requests, they will rebuild the point-to-point network of the city.

The carrier added that it has also reduced its frequency from Zurich and is currently operating at about 10% of capacity last February.

easyJet Switzerland

easyJet raised $ 400 million through sales / lease-backs

02.11.2020 – 15:16 UTC

easyJet (U2, London Luton) have raised USD398.6 million through a sale / leaseback agreement covering nine aircraft sold to two lessors.

The British low-cost carrier said in a stock market filing that the first transaction was made with Wilmington Trust SP Services (Dublin) Limited and included four A320 Family aircraft, with a net value of $ 191.1 million, against the aircraft’s net book value at the time. sales of USD116.2 million. The trust name does not allow the lessor to be identified because it is used by multiple entities.

The other transaction is with Sky High 112 Leasing Company Limited, a trust for owned aircraft ICBC Financial Leasing, and includes five A320s with a total consideration of USD207.5 million against the aircraft’s net book value of USD140.2 million.

easyJet said the planes would be leased back for an average period of 116-117 months and would incur an additional net annual cost of about GBP 15 million (USD 19.4 million).

“After these two transactions are completed, easyJet will maintain its 152 fully owned aircraft and be unencumbered, …

easyJet demands more British state help, adjusting bases in Europe

12.10.2020 – 06:32 UTC

easyJet (U2, London Luton) has demanded that the UK government provide a “bespoke package of measures” for airlines as warned in a trade renewal on October 8 that it will likely post the first annual losses in its 25 year history.

The low-cost carrier expects to record a pre-tax loss of between GBP815 million and GBP845 million (USD1.06-1.09 billion) for the year to September 30, 2020.

“The British government urgently needs to scale up with a bespoke package of measures to ensure airlines can support the economic recovery when it comes,” said Johan Lundgren, its chief executive, in the filing.

As “easyJet has adapted and rises to face the challenges presented by the pandemic by taking decisive action to minimize losses,” he added, it is expected to “deliver better than expected cash burn results in Q4 and […] minimize cash losses and losses during the first half of 2021. “

The company spent nearly GBP 700 million (USD907 million) in cash during the fourth fiscal quarter, July to September, which …

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Kairos Air Italia, EGO Airways in talks | Instant News


Stobart Air Ireland will go on sale this month – Esken

05.02.2021 – 07:05 UTC

Esken Limited, known as Stobart Group until officially changing its name on February 3, remains committed to releasing the production airline based in Ireland Stobart Air (BACK, Dublin Int’l) at the end of February.

A spokesman for the British company told the Irish Independent newspaper that they had committed last year to sell the aircraft carrier, which operates Aer Lingus Regional service, by the end of the group’s financial year on February 28.

“The strategy and guidelines remain unchanged. “The strategy is to get out of Stobart Air, and the company says they will be disappointed if it doesn’t make it out of business by the end of this financial year,” he said.

Esken is known to be eager to escape the approximately USD100 million in liabilities associated with Stobart Air and its affiliates. Rent closer.

As previously reported, Esken – who also runs a business like London Southend The airport, Stobart Aviation Services ground handler, and Stobart Energy biomass fuel supplier – have been in talks to sell Stobart Air and Propius to …

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