Budget airline Norwegian axes its long-haul network, leading to 1,100 job losses at Gatwick Airport The carrier said it will operate a ‘simplified business structure’ Its entire Boeing 787 Dreamliner fleet has been grounded since March 2020 Customers with affected bookings will be contacted by the airline and refunded By City & Finance Reporter for … Read more
British Airways owner IAG had a torrid 2020, to put it lightly, but things are looking up for Britain’s flag carrier after it secured a £2billion loan yesterday that it will be able to start tapping into this month. The facility has been underwritten by banks and partly by UK Export Finance, a Government arm … Read more
A report by a global aviation data firm has revealed the ‘shocking’ impact of worldwide Covid-19 travel restrictions on aviation. The report, by Cirium, shows that the pandemic and its consequences wiped out 21 years of global aviation growth in a matter of months, reducing passenger numbers this year to levels last seen in 1999. … Read more
Airline stocks plunged as travel bans were introduced following the emergence of a new strain of coronavirus. On a bleak day for investors that saw the FTSE100 dive 1.7 per cent, or 112.86 points, to 6416.32, shares in British Airways owner IAG fell 8 per cent, or 12.45p, to 143.9p. Easyjet was down 7.2 per … Read more
Airline stocks plunged as travel bans were introduced following the emergence of a new strain of coronavirus. On a bleak day for investors that saw the FTSE 100 dive 1.7 per cent, or 112.86 points, to 6416.32, shares in British Airways owner IAG fell 8 per cent, or 12.45p, to 143.9p. Easyjet was down 7.2 … Read more
MR MONEY MAKER: Airline shares are prepared for take-off in 2021, let’s hope there’s clear skies ahead, says JUSTIN URQUHART STEWART By Justin Urquhart Stewart For The Daily Mail Published: 21:50 GMT, 18 December 2020 | Updated: 22:35 GMT, 18 December 2020 What’s Happening? Locked down, fed up and thoroughly brassed off. Not exactly the … Read more
New suspect to be charged over 1988 Lockerbie airline bombing which killed 270 people – as it’s revealed he was bombmaker for late Libyan dictator Muammar Gaddafi Abu Agila Mohammad Masud faces extradition to the United States, reports say Masud was allegedly a bombmaker for late Libyan dictator Muammar Gaddafi The Justice Department expects to unseal … Read more
Ryanair is declared Europe’s BEST-PERFORMING airline of the past 10 years in Decade of Airline Excellence Awards One judge declaring that it had ‘revolutionised air travel within Europe’ ‘Ryanair has upped its game this decade,’ said frequent flyer Rob Burgess ‘With Ryanair, the joy of travelling by air has been removed’ – William Hanson By … Read more
Actor Daniel MacPherson finds himself stranded in Ireland after his airline unexpectedly cancelled his flight back home to Australia By Demeter Stamell For Daily Mail Australia Published: 05:44 GMT, 26 November 2020 | Updated: 05:44 GMT, 26 November 2020 Daniel MacPherson may not make it home to Australia in time for Christmas after his airline … Read more
Airline shares soar as ministers prepare to slash coronavirus quarantine period for arrivals in the UK from 14 days to just FIVE from mid-December Transport Secretary Grant Shapps is set to announce quarantine rules overhaul The self-isolation period for arrivals is in line to be slashed from 14 days to five People from non-exempt countries … Read more