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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

airline

Airline SAS names Avianca's Van der Werff as CEO
Business & Finance

Airline SAS names Avianca's Van der Werff as CEO

  • SAS said in a statement Van der Werff would join SAS on July 15 at the latest, while Avianca said it had appointed him to its board of directors and promoted Adrian Neuhauser to replace him.
  • Van der Werf, who is Dutch, has previous experience in Europe, having worked at Air France KLM for a decade, including as regional manager for Sweden, Finland and the Baltics.
Updated 28 Apr, 2021 07:40pm
Air France-KLM eyes further recapitalisation in 2021
Business & Finance

Air France-KLM eyes further recapitalisation in 2021

  • We do have heavy debt that is holding back our balance sheet, so this may have to get looked at again later in the year.
  • The capital hike sees the French government more than double its stake in the airline group to almost 30% as part of a total recapitalisation package worth about 4 billion euros announced earlier this month.
Published 19 Apr, 2021 04:46pm
Delta to spend $30mn to offset most of its 2020 impact on climate
Business & Finance

Delta to spend $30mn to offset most of its 2020 impact on climate

  • The Atlanta-based company said its medium-term goal is to replace 10% of its jet fuel, which is currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.
  • That followed moves in Europe by easyJet to offset emissions on all its flights and by British Airways and Air France to do the same on their domestic flights.
Updated 04 Mar, 2021 09:52pm
Ryanair hopes for 60-70pc of normal traffic this summer
Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

  • "We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
  • "We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."
Published 03 Mar, 2021 06:39pm
Easyjet to hold investor calls for euro bond as travel hopes rise
Business & Finance

Easyjet to hold investor calls for euro bond as travel hopes rise

  • No details were provided on how much the airline is looking to raise from the sale, but a "benchmark" euro bond issue typically has a deal size of about 500 million euros or more.
  • EasyJet said that bookings for flights for this summer had soared over 300% since Britain's announcement, and holidays by more than 600%, compared to their levels last week.
Published 23 Feb, 2021 08:21pm
Irish court grants extension to Norwegian Air's debt restructuring
World

Irish court grants extension to Norwegian Air's debt restructuring

  • The extension to Feb. 25 was granted after a lawyer representing the Irish examiner told the court that the examiner believed the budget carrier had a reasonable prospect of survival.
  • I will grant that application and extend the time for reporting... to the 25th of February.
Published 22 Jan, 2021 07:18pm