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Jan 30, 2015

Qatar Airways takes $1.7 billion stake in British Airways: owner IAG

LONDON/BERLIN (Reuters) – Qatar Airways has bought a stake worth about 1.15 billion pounds ($1.7 billion) in the owner of British Airways and Iberia, aiming to forge closer links to a group with two major European hubs and strong transatlantic networks.

The Gulf airline, which disclosed a 9.99 percent holding on Friday, already partners International Consolidated Airlines Group (IAG) (ICAG.L: Quote, Profile, Research) in the oneworld alliance and has limited code-sharing deals and a freight partnership with BA.

Jan 30, 2015

Qatar Airways takes $1.7 bln stake in British Airways-owner IAG

LONDON/BERLIN, Jan 30 (Reuters) – Qatar Airways has bought a
stake worth about 1.15 billion pounds ($1.7 billion) in the
owner of British Airways and Iberia, aiming to forge closer
links to a group with two major European hubs and strong
transatlantic networks.

The Gulf airline, which disclosed a 9.99 percent holding on
Friday, already partners International Consolidated Airlines
Group (IAG) in the oneworld alliance and has limited
code-sharing deals and a freight partnership with BA.

Jan 22, 2015

Ryanair’s ascent can’t be repeated, says former finance boss Millar

DUBLIN, Jan 21 (Reuters) – Having been at the financial
controls since Ryanair’s traffic has climbed from under
1 million passengers a year to over 90 million, Howard Millar is
confident no upstart can repeat that performance.

“That (low-cost) train has left the station a long time ago
and I think it will be increasingly difficult for start-ups to
gain any traction,” he told Reuters on the sidelines of an
annual aviation finance gathering in Dublin.

Jan 21, 2015

Ryanair says may return to bond market in next 12-18 months

DUBLIN, Jan 21 (Reuters) – Ryanair could return to
the bond market in the next 12-18 months after its debut bond in
June was well received, the airline’s chief financial officer
told Reuters on Wednesday.

“This is a market that we will come back to at some stage
over the next 12-18 months,” Neil Sorahan said in an interview.

Jan 20, 2015

Financiers urge airlines not to squander oil price windfall

DUBLIN (Reuters) – Airlines enjoying a $100 billion windfall from lower oil prices this year are being urged not to let up on cost controls which helped them survive the recent oil price boom.

Gerry Laderman, treasurer at United Continental Holdings (UAL.N: Quote, Profile, Research), said that if oil prices stayed low, airlines could find themselves generating more cash than they expected. “For us, we have a goal of certain gross debt targets, and as treasurer I would vote for taking some of that cash and accelerate the timing to get down to those levels,” he said at an Airline Economics conference.

Jan 19, 2015

Oil price fall gives lease of life to old planes

DUBLIN, Jan 19 (Reuters) – The slump in oil prices has given
a new lease of life to passenger jets that until recently were
destined for the scrap yard, aircraft financiers said on Monday.

Aircraft such as the four-engined Airbus A340 or earlier
models of the Boeing 747 which have been sentenced to desert
storage or to be dismantled, are winning a stay of execution
because lower oil prices make them economic for some carriers.

Jan 14, 2015

Airlines prepare to hedge more jet fuel to lock in huge savings

SINGAPORE/BERLIN (Reuters) – Global airlines, looking to lock in huge savings, are preparing to hedge more jet fuel to fix prices as they bet a slide in crude oil to six-year lows may peter out near $40 a barrel.

Some airlines have already stepped up hedging, especially after benchmark Brent crude slipped below $50 a barrel earlier this month, fuel traders and brokers said.

Jan 12, 2015

Lufthansa sees 2015 fuel bill down 13 percent, shares rise

BERLIN, Jan 12 (Reuters) – German airline Lufthansa
expects its fuel bill to fall by 13 percent in 2015
because of lower oil prices, setting it on course for higher
profit this year and boosting its shares.

Airlines hedge jet fuel purchases as a way to give them
greater control over spending on an item that typically accounts
for around a third of their cost base, meaning it takes time for
them to gain the benefits of the 50 percent plunge in oil prices
since last June.

Dec 14, 2014

Commercial aviation’s tragic centenary year highlights new threats

GENEVA (Reuters) – Airlines need co-operation from governments to address security threats raised by aviation disasters this year, but would like to see a quicker relaxation of economic controls, Tony Tyler, head of the International Air Transport Association, said.

The former Cathay Pacific boss, who represents a majority of the world’s airlines, reflected on a turbulent centenary year for commercial aviation, darkened by the disappearance of a Malaysian airliner, the downing of another and the Ebola crisis.

Dec 12, 2014

EU may scrap plans for more competition in airport ground handling

BRUSSELS/BERLIN (Reuters) – The new European Commission may scrap plans to open up airport ground handling services to more competition amid criticism from airports, which say such a move could hit the quality of services.

The reform would give airlines more choice of service providers and increase the minimum number of providers at large airports.

    • 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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