Airbus‘ new super jumbo is late once again. This time, it is for German airline Lufthansa, which will have to wait for their new aircraft. Just a month ago, the airline hoped to get the 15 ordered aircrafts in March, but the planes are delayed. According to Bloomberg, Airbus have informed Lufthansa the delivery will not happen until the summer. Lufthansa plans to use these planes between Frankfurt and New York. Airbus was supposed to deliver 18 aircraft this year, but will only manage to deliver 13. During the next…read more
The deal is estimated to be worth 7 billion dollars and the airlines hope to finish it before the end of next year. Spanish Iberia and British British Airways has signed a preliminary agreement to merge, Airwise writes. The merger creates the world’s third largest airline in terms of yield. British Airways is to extend their service between the U.S. and Europe with Iberia flights to South America. The transport network is further strengthened by a planned alliance with American Airlines. BA’s shareholders get 55 percent of the new company….read more
It was Etihad Airways from the UAE who won the award for best airline at the World Travel Awards this year. 180,000 people in the travel industry had their say on which players are best in their respective niches. The most prestigious prize in the aviation industry was taken by Etihad Airways, which became the first airline from the Middle East to win the title for best airline in the world. Etihad Airways also managed to take home the prize for best first class offering, making the airline take home…read more
Air plane manufacturer Airbus is getting sued in U.S. for the big plane crash off the coast of Brazil last summer. Behind the lawsuit are the relatives of 8 of the 228 who died in the accident. Airbus are the ones that made the Air France plane that should had flown from Rio de Janeiro to Paris on May 31. The summons concerns Airbus, among others. Investigation of the accident is still being done. There are no answers to be had yet.
Norwegian, in a effort to collect money, issues new shares to a value of up to 260 million Norwegian crowns. The airline Norwegian will issue up to 1.62 million shares, reports the news agency Direkt according to DI. That represents about 5 percent of outstanding shares, at a value of between about 250 and 260 million Norwegian crowns according to the current exchange rate. Norwegian’s CEO Björn Kos and chairman Björn Kises HBK Investcorp company will offer up to 970 000 shares. Thereby reducing its holding company by 3 percent…read more
SAS reported a profit, before tax, of half a billion SEK more than analysts’ expectations. During last year’s third quarter SAS reported a profit of 110 million SEK before tax. This year the airline reported a profit before tax of 114 million SEK for the same quarter. That is more than half a billion over the analyst’s expectations. Analysts expected a loss of 403 million SEK before taxes on average. Turnover fell by 16.6 percent and the number of passengers decreased by 14.7 percent. The profit is thus explained by…read more
German airline Lufthansa recently announced that they will soon begin offering both wireless LAN and cellular networks on it’s long distance flights between Europe and USA. On Monday, the airline Lufthansa announced that they plan to improve job opportunities for those who fly between Europe and America. The company will offer its passengers both wireless and mobile networks, writes Electronist. The airline has worked with Panasonic to develop the service, which will offer both support for mobile calls and SMS. Price land at approximately $3 per minute for calls, $12…read more
The airline Norwegian will start low cost flights to the USA, South America and Asia. Preferably as early as next year. If the demand is there, Norwegian will launch its first long-haul routes next year. Fifteen routes from Scandinavia to major cities in the U.S., Asia and South America are on the wish list, writes Financial Avisen according to news agency Direkt and E24. -“Norwegian is continuously examining profitable routes and I can confirm that we have carefully looked at long-haul, ” says Ann-Sisel Skånvik, Norwegian’s communications director. The routes…read more
Finnair‘s passenger traffic plummeted by 13.7 percent in September, measured in RPK. Finnair flew 13.9 percent fewer passengers in September. Measured in RPK, revenue passenger kilometers, passenger traffic declined by 13.7 percent, writes the news agency Direkt according to Dagens Industri. Capacity decreased by 12.2 percent and passenger load factor by 1.3 percent to 76.6 percent. Finnair expects a further decline in holiday travel and further capacity reductions are therefore waiting.
SAS sells its entire stake in BMI to Lufthansa. SAS Group sells its 20 percent of the airline British Midland, BMI to the holding company LHBD. LBDH already owns 80 percent of the airline. LHBD on the other hand is owned 35 percent by Lufthansa. The price for the shares is approximately 19 million pounds. In addition, Lufthansa pays an additional 19 million pounds to SAS for SAS termination of rights under the shareholders agreement of 1999. In total SAS will receive 38 million pounds in cash, resulting in a…read more