Reading Time: 2 minutes Lufthansa, the largest German airline, has made a non-biding offer for Thomas Cook’s airline Condor Germany, confirmed Lufthansa’s CEO during Lufthansa’s annual general meeting in Bonn. During the meeting of the management board it was also decided on the option to extend this bid to the remaining airlines of the British travel group. Thomas Cook […]
Reading Time: 2 minutes After several attempts and re-negotiations, the Icelandair Group has finally arrived at the decision not to get involved in WOW air operations and not to invest into the struggling airline. WOW air, the Icelandic low-cost carrier, has been going through the hard times since autumn 2018. Reducing some destinations, fleet, number of employees, WOW air […]
Reading Time: < 1 minute Thomas Cook, one of the world’s leading travel groups, announced a strategic review of its Group Airline in order to get greater financial flexibility and invest in its focus area – own-brand hotel portfolio. Selling the Group Airline could become one of the options. Group Airline consists of 4 airlines: Thomas Cook Airlines UK, Condor Germany, […]
Reading Time: < 1 minute Air France, the French flag carrier and a subsidiary of the Air France–KLM Group, has announced rebranding its HOP! brand under which regional flights connecting France to Europe are operated. From now on, HOP! becomes Air France HOP. The airline revealed that such a change is expected to help airline’s customers “link the regional flight offer […]
Reading Time: < 1 minute Germania, an independent German airline, has announced about successful negotiations on financing issues. In the statement, the airline said it managed to find a solution to cover its short-time liquidity needs to keep the airline operable. Just in the beginning of January Germania released the information about the year 2018 which appeared to be very […]
Reading Time: < 1 minute Icelandair, the flag carrier of Iceland, announced its plans to purchase it rival WOW Air, an Icelandic low-cost carrier. Therefore, the acquisition is still a subject to approval by Icelandair Group shareholders. Both airlines will continue their operations under separate brands and operating approvals. Icelandair as a full-service airline, while WOW Air as a budget airline. […]
Reading Time: 4 minutes The International Air Transport Association (IATA) released full-year 2017 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 9.0%. This was more than double the 3.6% annual growth recorded in 2016. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 3.0% in 2017. This was […]
Reading Time: < 1 minute Ryanair welcomed SITA’s independent baggage report which confirmed Ryanair’s outstanding baggage performance, mishandling far fewer bags than any other airline. The 2015 SITA Baggage Report showed a worldwide average of 6.5 mishandled bags per 1,000 customers, while in Europe, the average figure was even higher at 7.8 mishandled bags per 1,000. Other European airlines 14 […]