Ryanair DAC CEO Eddie Wilson believes that some of European government state aid is blatant discrimination and could cause problems for those airlines that are well managed and well capitalised, but in the longer term it will play out.
Mt Wilson said he believes the 737 MAX aircraft is a game changer that will provide a lot of options and flexibility and will play a key part of its strategy going forward.
Falling over the precipice of a hard Brexit isn’t in anyone’s interest. Common sense will probably prevail, but Ryanair is well prepared.
Talking at the CAPA Live on 11-Nov-2020, Ryanair DAC CEO Eddie Wilson spoke with CAPA’s chairman emeritus Peter Harbison.
Speaker: Ryanair DAC, CEO, Eddie Wilson
IATA and Emirates Airline announced (19-Jan-2021) a partnership to trial the IATA Travel Pass, a mobile app allowing passengers to securely manage their travel in line with any government health requirements. Emirates is scheduled to implement Phase 1, for the validation of COVID-19 PCR tests before departure, in Apr-2021 for passengers travelling from Dubai International Airport. Emirates is one of the first airlines to launch the Travel Pass along with Etihad Airways. [more - original PR - IATA] [more - original PR - Emirates]
Global Crossing Airlines received (18-Jan-2021) its first A320 at Miami International Airport. CEO and chairman Ed Wegel reported the carrier plans to operate A321 and A330 aircraft as well and will take delivery of its first A321 freighter later in 2021. There are two aircraft deliveries scheduled to the carrier in 1Q2021. [more - original PR]
- Iberia will pay EUR500 million for the acquisition of Air Europa, a reduction from the EUR1 billion previously agreed;
- Payments will be deferred until the sixth anniversary of the acquisition completion;
- The revised terms in the amendment agreement are conditional on the satisfactory negotiation between Iberia and Spain's Sociedad Estatal de Participaciones Industriales (SEPI) regarding the non-financial terms associated with the financial support provided by SEPI to Air Europa during 2020;
- Completion of the acquisition is expected to take place in 2H2021, subject to approval by the European Commission;
- Details of Air Europa:
- Gross assets: EUR967 million as of 31-Dec-2019;
- Revenue (2019): EUR2.1 billion;
- Operating profit (2019): EUR71 million;
- Pre-tax profit (2019): EUR42 million
- Passengers (2019): 13.1 million. Passenger volumes declined approximately 70% in 2020;
- Current operating fleet: 52 aircraft, compared to 68 at the end of 2019. All aircraft except one are on operating lease.
IAG CEO Luis Gallego stated: "Being part of a large group is the best guarantee to overcome current market challenges which will also benefit Air Europa once the transaction is completed". He added: "I am pleased that we have reached agreement with Globalia to defer payment until well into the expected recovery in air travel following the end of the pandemic and when we expect to be realising significant synergies resulting from the transaction". [more - original PR]
CAPA - Centre for Aviation, in a report entitled: 'The Hiccup Effect: Australia points 2021 direction for int'l aviation', stated (19-Jan-2021) Authorities like in China and Australia, where the virus has been largely suppressed, will be slow to reopen unconditionally. The report said although there is a constant threat of new domestic outbreaks in Australia, recent history suggests that tracing competence has become so sophisticated that local surges can quickly be contained. [more - CAPA Analysis]
London Luton Airport (LLA) submitted (18-Jan-2021) an application to Luton Council to change its passenger cap from 18 million to 19 million p/a. The application, which follows a public consultation held in Oct-2020, seeks to vary five conditions of LLA's original planning permission, granted in 2014, to allow it to accommodate an additional one million passengers. The increase will not require any physical changes or new construction at the airport, and the airport will continue to operate within the existing terminal infrastructure. A full environmental impact assessment has been submitted as part of the application. [more - original PR]
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- If the first two decades of the century were transformational for the aviation industry, the 2020s will be revolutionary.