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Top StoriesBritain Tells Airlines to Stop Selling Flights They Can’t Deliver
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German Airline Condor Eyes Return to Profitability Next Year
Date: May 19, 2022
By Zuzanna Szymanska and Ilona Wissenbach FRANKFURT (Reuters) – German leisure airline Condor may return to profitability from next year and aims to boost its fleet capacity as people rush to book long-awaited holidays after the lifting of COVID-19 restrictions. The carrier’s announcement adds to the positive news coming from the travel sector, including strong...
UK Sanctions Russian Airlines to Prevent Them Selling Landing Slots
Date: May 19, 2022
LONDON (Reuters) – Britain said on Thursday it was introducing new sanctions against the Russian airline sector to prevent state-owned Aeroflot, Ural Airlines and Rossiya Airlines from selling their unused landing slots at British airports. The British government said it estimated the landing slots were worth 50 million pounds ($61.9 million). “We’ve already closed our...
British Airways Owner Iag to Order 50 Boeing 737 Max Jets
Date: May 19, 2022
(Reuters) -British Airways owner IAG said on Thursday it has agreed to order 50 Boeing 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the struggling U.S. planemaker. The order for 25 737-8-200 and 25 737 MAX 10 jets to be used for short-haul operations at IAG-owned airlines is...
Bhutan Looks to Taxis to Jump-Start Stalled Electric Vehicle Push
Date: May 18, 2022
By Namkhai Norbu THIMPHU (Thomson Reuters Foundation) – As night sets in, Dorji Wangchuk plugs his electric car into a charging station, then starts thumbing his rosary and mumbling prayers while he waits the half hour before he can continue driving his taxi around Bhutan’s capital, Thimphu. He swapped his petrol taxi for an electric...
Air France-KLM Agrees Cargo Deal With French Shipping Firm Cma Cgm
Date: May 18, 2022
By Tim Hepher and Gus Trompiz PARIS (Reuters) -French shipping firm CMA CGM will take a stake in Air France-KLM as part of an air cargo partnership, betting on growing demand for flying goods around the world as supply chains remain snarled in the wake of the pandemic. CMA CGM will take up to 9%...
Aircraft Leasing Faces Shake-Up as Risks Cloud Recovery
Date: May 18, 2022
By Tim Hepher PARIS (Reuters) -Global aircraft leasing faces a new shake-up this week after SMBC Aviation Capital’s deal to buy smaller rival Goshawk Aviation for $6.7 billion. The move comes as firms report a stronger than expected U.S.-led recovery — but one increasingly overshadowed by inflation, rising borrowing costs and the effects of the...