Aeroflot
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Russia's Sistema lines up Segezha forestry group for potential IPO
Russia's Sistema lines up Segezha forestry group for potential IPO
Russian conglomerate Sistema is eyeing an initial public offering (IPO) for its forestry business Segezha Group, following the successful market debut of online retailer Ozon, which it co-owns, Sistema President Vladimir Chirakhov said on Wednesday.Segezha, which comprises forestry, woodworking, pulp[…]
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Created on: Nov 25, 2020 | 04:57 am
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Russia detains Aeroflot executive on suspicion of passing secrets to Britain - Russian news agencies
Russia detains Aeroflot executive on suspicion of passing secrets to Britain - Russian news agencies
Russian security services have detained a London-based executive of flagship airline Aeroflot on suspicion of passing state secrets to Britain, Russian news agencies reported, citing sources.The TASS and RIA news agencies named the executive on Thursday as Dmitry Fedotkin and[…]
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Created on: Nov 13, 2020 | 06:27 am
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Sistema, Russia-China fund raise $281 million from sale of toy retailer
Sistema, Russia-China fund raise $281 million from sale of toy retailer
Russian conglomerate Sistema said on Wednesday that it and the Russia-China Investment Fund (RCIF) had raised 20.7 billion roubles ($281 million) from the sale of 25% of shares in Russia's biggest toy retailer Detsky Mir.The sale, which follows others by[…]
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Created on: Sep 2, 2020 | 04:50 am
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The World’s Jumbo Jets Are Heading for the Boneyard
The World’s Jumbo Jets Are Heading for the Boneyard
(Bloomberg Opinion) -- The queens of the skies have fallen on hard times.As Covid-19 has frozen the international travel on which they once thrived, double-decker, four-engine planes like the Airbus SE A380 and Boeing Co. 747 are more likely to be[…]
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Created on: Jul 31, 2020 | 20:00 pm
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Exclusive: Russia plans cash injection for Aeroflot via new share issue - sources
Exclusive: Russia plans cash injection for Aeroflot via new share issue - sources
Russia has drafted a support plan for Aeroflot where the government and state bank VTB would buy into a new share issue by the country's biggest airline, which has been hit by the coronavirus crisis, two sources with direct knowledge[…]
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Created on: Jun 17, 2020 | 11:05 am
Air France
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Air France-KLM sees bigger losses before recovery
Air France-KLM sees bigger losses before recovery
Renewed COVID-19 lockdowns are pushing Air France-KLM deeper into the red, the airline group warned on Thursday, as it chalked up a 7.1 billion euro ($8.5 billion) net loss for 2020 and postponed a key mid-term profitability goal.The airline group[…]
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Created on: Feb 18, 2021 | 01:37 am
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Air France-KLM results FY 2020
Air France-KLM results FY 2020
18 February 2021 FULL YEAR 2020 Operating Result at -4.5 billion eurosCovid-19 crisis having an unprecedented impact on Air France-KLM The Covid-19 crisis severely impacted the Full Year 2020 results: Revenue at 11.1 billion euros, down 59% compared to last[…]
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Created on: Feb 18, 2021 | 01:15 am
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Air France-KLM warns of deeper pain as fresh aid set to finally land
Air France-KLM warns of deeper pain as fresh aid set to finally land
Struggling airline Air France-KLM warned there was more pain to come — but is poised to seal another volley of state aid after recording a €7.1bn net loss in 2020 owing to the Covid-19 pandemic.The protracted talks, with its two largest[…]
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Created on: Feb 17, 2021 | 19:00 pm
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FOCUS-Relaunching in a crisis, Alitalia scales back at home
FOCUS-Relaunching in a crisis, Alitalia scales back at home
Under plans shown to lawmakers, the chronically loss-makingItalian airline wants to surrender domestic routes to low-costrivals as it tries to pull out of its fourth stall in a decade.Despite political and EU regulatory hurdles, new managementled by a veteran of[…]
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Created on: Feb 16, 2021 | 07:37 am
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Need Proportionate Rules on Airline Competition: Djebbari
Need Proportionate Rules on Airline Competition: Djebbari
Feb.11 -- French Transport Minister Jean-Baptiste Djebbari discusses the idea that Air France should give up slots at Paris-Orly airport to Win European Commission approval for more state aid. He speaks exclusively on “Bloomberg Markets: European Open.”
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Created on: Feb 11, 2021 | 05:27 am
British Air.
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British Airways owner IAG says pensions deal, loan help boosts liquidity
British Airways owner IAG says pensions deal, loan help boosts liquidity
British Airways-owner IAG said on Monday it had raised total liquidity by 2.45 billion pounds ($3.4 billion) by deferring pension contributions and finalising a loan, which will help it survive the travel slump for longer."In addition to these arrangements, IAG[…]
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Created on: Feb 22, 2021 | 05:53 am
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IAG/M&B/pensions: excess baggage
IAG/M&B/pensions: excess baggage
British Airways — long derided as a pension scheme with an airline attached — has been paying £450m a year to fill its scheme’s deficit.About a tenth of the 5,500 companies with defined benefit schemes — where payouts are based[…]
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Created on: Feb 21, 2021 | 19:00 pm
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BA invests in sustainable aviation fuel as emissions pressure rises
BA invests in sustainable aviation fuel as emissions pressure rises
British Airways has invested in asustainable aviation fuel company, finding resources to back itsdecarbonisation plans despite the coronavirus pandemic, aspressure grows on airlines to cut emissions when travel restartsin earnest.British Airways, owned by IAG, said on Tuesday itwould invest in[…]
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Created on: Feb 9, 2021 | 08:00 am
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American, Alaska Airlines Expand Use Of VeriFLY App For COVID-19 Test Verification
American, Alaska Airlines Expand Use Of VeriFLY App For COVID-19 Test Verification
Two U.S.-based airlines — American Airlines Group Inc (NASDAQ: AAL) and Alaska Air Group (NYSE: ALK) — are expanding their use of VeriFLY's mobile app for international travelers who need to provide documentation of negative COVID-19 tests. How American Is[…]
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Created on: Feb 5, 2021 | 14:43 pm
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UK airline bosses criticise hotel quarantine plan, seek support
UK airline bosses criticise hotel quarantine plan, seek support
The bosses of airlines including British Airways, Virgin Atlantic and easyJet criticised on Tuesday a possible plan for mandatory quarantine in hotels for some or all arrivals to Britain and called for a support package.The government is due to announce[…]
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Created on: Jan 26, 2021 | 13:40 pm
China Southern
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JetBlue (JBLU) Reveals New Mint Cabins for Transatlantic Market
JetBlue (JBLU) Reveals New Mint Cabins for Transatlantic Market
JetBlue (JBLU) is set to debut its revamped Mint cabins, featuring 24 private suites, on its London flights this summer.
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Created on: Feb 2, 2021 | 09:23 am
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Huawei CFO’s Life on Bail: Private Dining, Jet Charter and More
Huawei CFO’s Life on Bail: Private Dining, Jet Charter and More
(Bloomberg) -- For two years, few outside the inner circle of Meng Wanzhou have known how one of China’s most powerful tech executives has whiled away her days in Vancouver while battling a U.S. extradition request.That was until a court[…]
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Created on: Jan 12, 2021 | 21:10 pm
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Here is What Hedge Funds Think About China Southern Airlines Co Ltd (ZNH)
Here is What Hedge Funds Think About China Southern Airlines Co Ltd (ZNH)
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 817 13F filings submitted by hedge funds[…]
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Created on: Nov 26, 2020 | 20:16 pm
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China's largest carrier is back buying aircraft as Southern Airlines sells bonds to fund its order of Airbus' narrow-body jets
China's largest carrier is back buying aircraft as Southern Airlines sells bonds to fund its order of Airbus' narrow-body jets
China Southern Airlines, operator of the country's biggest aircraft fleet, is back in the market buying new planes and engines, resuming its expansion mode after putting six months of an air travel slump behind it.The carrier is issuing up to[…]
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Created on: Oct 14, 2020 | 05:30 am
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Cheap seats give Chinese airlines a much-needed passenger bounce
Cheap seats give Chinese airlines a much-needed passenger bounce
Looking to travel from Beijing to Hangzhou in eastern China?Led by China Eastern Airlines Corp's June offer of unlimited weekend flights until Dec. 31 for 3,322 yuan($485), domestic carriers have fallen over themselves to woo passengers back with bargain-basement fares.At[…]
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Created on: Sep 7, 2020 | 04:14 am
