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Jul 29, 2015

Lufthansa’s risky bet with booking fees: will it pay off?

BERLIN, July 29 (Reuters) – Lufthansa is about to
take a bold step to boost profits by charging a fee for tickets
booked through third parties, hoping new technology and greater
price transparency will allow it to retain customers where
others have failed.

The 16 euro surcharge from Sept. 1, is risky, given that the
German airline sells around 70 percent of its tickets via third
party channels using global distribution systems (GDS) from
providers such as Amadeus, Travelport and
Sabre.

Jul 17, 2015

EU panel urges pilot screening after Germanwings crash

LONDON/BERLIN (Reuters) – In the wake of the Germanwings disaster, all airline pilots should undergo psychological screening and allow details of medical visits to be shared in a proposed European database, according to new recommendations delivered to EU officials.

A task force of experts led by Europe’s aviation safety regulator also called for the introduction of random drugs and alcohol testing of pilots and better oversight of the doctors responsible for their regular medical checks.

Jul 14, 2015

Iran deal could unleash big pent-up commercial aircraft demand

NEW YORK/BERLIN (Reuters) – Airplane sales to Iran were cleared for take off after Tehran signed a nuclear agreement with six major powers on Tuesday, opening a potentially significant opportunity for Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) after decades of isolation.

The agreement would lift all economic commercial sanctions including those relating to commercial aviation.

Jul 8, 2015

Greece crisis hits last-minute holiday bookings

BERLIN/ATHENS (Reuters) – Greece’s debt crisis has hit tourism, with last-minute bookings falling sharply, although the impact on the industry may be limited because the flare-up has come late in the season when most summer holidays are already booked.

The Greek Tourism Confederation said it has seen a 30 percent drop in last-minute bookings, which typically account for one-fifth of bookings to the country.

Jul 3, 2015

After Tunisia attack, sun-seekers switch to Spain, Bulgaria and Greece

BERLIN, July 3 (Reuters) – Fearing for their safety in
Tunisia after a gunman killed dozens of tourists, sun-seeking
Europeans are switching to destinations such as Spain, Bulgaria
or even Greece for holidays this year.

Tunisia’s tourism industry had been recovering after the
Arab Spring unrest, and had become a popular lower-cost beach
holiday spot for Europeans. Last year, 2.8 million travelled
there, rebounding back towards 3.8 million level seen in 2010
before the uprising, according to official statistics.

Jun 30, 2015

Germanwings offers emotional damage payments to crash victims’ families

BERLIN (Reuters) – Germanwings is offering 25,000 euros ($27,958) compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday.

Evidence shows co-pilot Andreas Lubitz locked the captain out of the cockpit of Germanwings flight 4U9525 from Barcelona to Duesseldorf and deliberately steered the plane into a remote mountainside, killing all 150 onboard.

Jun 19, 2015

Supply chain wary as Airbus and Boeing push output envelope

PARIS, June 19 (Reuters) – A rare note of dissent permeated
the Paris Airshow this week as suppliers worried they might lose
out if they invest to meet higher commercial jet production
targets that ultimately prove unsustainable.

Airbus and Boeing plan to raise production rates of
best-selling single-aisle planes by 25 percent to 50-52 a month
in 2017-18 and executives at the Paris Airshow discussed the
possibility of ramping up output towards 60, or even above.

Jun 19, 2015

Helicopter makers upbeat on market despite oil-led slump

PARIS, June 19 (Reuters) – Top U.S. and European helicopter
executives said this week that the oil price-led commercial
helicopter market slump would be temporary and that they will
keep investing in new technologies given the sector’s positive
long-term outlook.

The downturn will likely last 18 to 24 months, Sikorsky
Aircraft’s new president, Robert Leduc, said at Paris Airshow,
adding that he fully expected demand to rebound at some point.

Jun 19, 2015

Airbus to resume deliveries of A400M after crash

PARIS, June 19 (Reuters) – Airbus said on Friday it
will resume deliveries of the A400M military transporter after
all remaining flight restrictions imposed following a fatal
crash last month were lifted by Spanish authorities.

The A400M crashed on May 9 in Spain on a pre-delivery test
flight, killing four out of six crew, after three of its engines
froze due to a suspected software problem, according to details
of investigations published earlier this month.

Jun 18, 2015

Airbus steals show with last-minute $14 bln Wizz deal

PARIS, June 18 (Reuters) – Airbus won the Paris
Airshow with a last-minute $14 billion deal to sell 110 jets to
Hungary’s Wizz Air on Thursday, diverting attention from a
growing industry debate over how quickly a record backlog of jet
orders can be built.

The deal, sealed in an all-night negotiating session with
ordered-in pizza, avoided a rare defeat for the France-based
planemaker at its home arena and is expected to be followed by
orders for dozens of A330 jets from China in weeks to come.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
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