The forecast is not looking good for the airline industry as share prices of major airlines have plummeted this October, following the general negative trend that we have been observing since late 2019. This comes as no surprise to us, considering October is often the worst month of the year for many airlines; this is […]
Easyjet has now closed under the 0.564p level (at the SMA 50 level, 50 day moving average), which it tried to surpass for the 2nd time and failed to do. This is the 3rd time in just over a month that it has failed to go above this point, a signal that it has become […]
Aalborg-based Great Dane Airlines ceased operations on the 11th of October, filing for bankruptcy on the same day. At the time of its demise, the airline operated 3 Embraer E195 jets (with a capacity of 118 passengers) bought from Irish regional airline Stobart Air in 2019 and flew to 15 destinations across Europe. Its main […]
Easyjet has suffered its worst week in 2021, a 13.65% drop in price and a disastrous Friday close at 0.680p, down 3.87% on the day. On Thursday, the airline had rejected a takeover bid by Wizz Air, declaring it “low premium and highly conditional all‐share transaction which, in the board’s view, fundamentally undervalued the company”. […]
Despite last year’s generally appalling financial results for most airlines, it did seem that some were going to continue to operate, and that the financial aid distributed by various governments might spare some smaller airlines. But now, whatever the revenue of the airline and whichever market it is serving (apart from Asian airlines), the slow […]
Easyjet’s sudden drop to £940 early this June did incite some panic, but that was just because of the closure of the Portugal-UK corridor which spread wildfire amongst airline stock bears. We came back down to the £960s, and now are consolidating at £986, up from £967 a big almost 2% on the day. There […]
New Hünxe-based (North Ruhr Westphalia, Western Germany) start-up MeerExpress began operations on the 26th of March between Hünxe’s Schwarze Heide airfield and Norderney, an East Frisian island, using a Cessna 208 Caravan or 208B Grand Caravan (both turboprops, the 208 can seat up to 9 passengers and the 208B 11 passengers) operated by Hohenlockstedt-based (Schleswig-Holstein, […]
Launched a little over 3 weeks ago, Atlanta and Liege (a city in French-speaking eastern Belgium) based cargo airline CMA CGM Air Cargo possesses 4 Airbus A330-200Fs (freighters), 2 of which are currently in service, that are operated for them by Air Belgium, a Belgian long-haul airline. It is part of the large French shipping […]
Registered as C-GPBR for Winnipeg-based airline Calm Air International, this ATR 72-202 is different from later ATR 72 versions, as it is powered by 2 2522 eshp (shaft horsepower) Pratt & Whitney PW124B turboprops, and uses a 4-bladed Hamilton Standard propellor. Later versions of the ATR 72 mainly use more powerful PW127F and Ms (repectively […]
Under the registration number HB-AES for former Swiss airline Sky Work Airlines, this Dornier Do-328, of which only 217 were produced, has operated with 7 different airlines across 2 continents and is currently being stored at Bern Belp Airport in Switzerland. After coming out from the Dornier factory in Oberpfaffenhofen, Bavaria in February 1995, HB-AES […]
A new Brazilian airline, ITA Transportes Aéreos (Itapemirim Transportes Aéreos), received its first aircraft, a 15 year-old Airbus A320-200 previously operated by Spanair (a former Spanish scheduled airline) and Vueling (a Spanish low-cost airline) on the 20th of February and is to start operations on the 19th of March. Founded in early 2020 by parent […]
Bombardier has announced that it is to end Learjet production at the end of 2021 after 58 years of the aircraft’s production. The company wishes to pursue and develop its Challenger and Global Series business jets, which make up the majority of its revenue. This event will result in the loss of 1600 jobs. Over […]
Air India’s sale from the Indian government into private hands has been delayed to the 31st of March (the end of the 2020/2021 fiscal [business] year), as today’s deadline for potential bidders has expired. The Indian government wishes to prolong the time period for the airline’s sale so as to attract more bidders. It has […]
Tianfu Airport, an international airport under construction in the central Chinese province of Sichuan, has completed its first test flights. Major Chinese airlines Air China, China Eastern, China Southern, Lucky Air, Chengdu Airlines and Sichuan Airlines all brought their signature aircraft to test out at the new airport. Air China flew its Boeing 747-8, China […]
Vietnamese leisure start-up Vietravel Airlines began operations on the 25th of January. It flew from Ho Chi Minh City (the largest city in Vietnam) to southwestern Vietnamese island Phu Quoc. Phu Quoc is part of an archipelago of 22 islands close to the Cambodian border. The island has a permanent population of 180’000 people and […]
IAG and Spanish flag carrier Iberia have finalised a deal with Spanish travel firm Globalia on the sale price of Air Europa. Iberia completed the acquisition process of the third-largest airline in Spain yesterday from its parent company Globalia on behalf of IAG (International Airlines Group, which owns Aer Lingus, British Airways, Iberia, FlyLEVEL and […]
Spanish regional airline Canaryfly, which is based at Gran Canaria Airport (Gran Canaria is the largest island in the Canaries) in the Canaries, has announced that it will suspend all operations until the 21st of March due to low demand. The airline has a network of 6 routes, all within the Canary Islands and possesses […]
As of April this year, Italy will have a new flag carrier under the name of ITA (Italia Transporto Aereo). The airline will possess 52 aircraft (43 narrowbodies and 9 widebodies) instead of Alitalia’s 104 and will reduce operations from 114 destinations in total to 60 (domestic and international). This comes after 3 years of […]
Virgin Australia has canceled 23 Boeing 737 MAX orders. Its original order was of 48 aircraft, but that has now been lowered to 25. This is due to the economic crisis created by the coronavirus pandemic and the end of its takeover by Boston-based Bain Capital last month. All its canceled orders are for the […]
After Air Ticino, which has not yet started operations, could Geneva-based start-up La Nova be the solution to a rather poor last decade for the Swiss aviation industry? This year, we saw Swiss start-up Fly Bair begin operations this July, but it’s main route network, which consisted of flights from Swiss capital Bern to different […]
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