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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.