Iberia and Vueling have signed two syndicated financing contracts for a maximum amount of 750 and 260 million euros, respectively, with the endorsement of the Official Credit Institute (ICO), informed IAG, an air group that includes both companies, to the Commission National Stock Market (CNMV). Thus, the financing entities will request the ICO to grant […]
Categoría: AIRLINES
Brussels states that aid to airlines will have to be granted without distorting the internal market
The European Commission has pointed out that member states can grant aid to airlines affected by the coronavirus crisis, such as those that France and the Netherlands intend to adopt with Air France and KLM, but recalled that any support must respect the rules of the internal market to do not distort competition. When asked […]
Airbus develops a solution to adapt wide cabin aircraft to cargo operations during the pandemic
Airbus is developing a solution for the A330 and A350 families aircraft that will allow airlines to install cargo pallets directly on the rails of the economy class seats, thus being able to adapt the aircraft to the cargo transport operations that are being carried out. developing during the pandemic. With this modification, the manufacturer […]
More than 95% of Norwegian shareholders approve the recapitalization plan
More than 95% of Norwegian shareholders have voted in favor of the company’s recapitalization plan at the extraordinary shareholders’ meeting, held this Monday in Oslo. The recapitalization plan includes the conversion of debt into shares worth NOK 10 billion (€ 878 million), as agreed with bondholders and aircraft lessors. The recapitalization plan includes the conversion […]
An Iberia plane lands for the first time in history in Australia
An Iberia plane landed for the first time in its history at the Australian airport, as announced on Twitter on Thursday by the Spanish Embassy in Australia, which days earlier had announced on its website that the plane would take the special route to facilitate the return of Spanish to Madrid. The efforts of the […]
La aerolínea brasileña Gol pierde 381 millones en el primer trimestre por el impacto del Covid-19
The Brazilian airline Gol registered net attributable losses of 2,288 million Brazilian reals (381 million euros) in the first quarter of the year, due to the impact of flight restrictions derived from the Covid-19 coronavirus crisis, as reported by the company it’s a statement. The company has highlighted that, as a consequence of the pandemic, […]
Boeing cancels the ‘joint venture’ with the Brazilian manufacturer Embraer
The Brazilian manufacturer will take action for the breach The US aircraft manufacturer Boeing has canceled the agreement to create a joint venture with the Brazilian firm Embraer in the midst of the coronavirus crisis, citing «breaches», which the second has denied in a crossroads of communications from both companies. The deal, which was originally […]
Emirates increases its ability to process refunds
Emirates has increased its ability to process refunds, reaffirming its commitment to customers and business partners for trips affected by the Covid-19 pandemic. With nearly half a million rebate requests pending, the airline has taken proactive steps to restructure its administrative procedures and increase resources to expedite reimbursement processing. Before the pandemic, Emirates processed an […]
Norwegian Launches Proposal to Capitalize 1.1 Billion Debt
The company thus hopes to meet the requirements to access state aid Norwegian will present a proposal for the conversion of debt into equity of up to $ 1.2 billion (€ 1.1 billion), under the agreement based on negotiations with lessors and bondholders. The plan proposes the conversion of 60% of the debt into equity […]
The Court of Justice of the European Union rules against Ryanair for hiding part of the «inevitable» cost of the ticket at the beginning of the online sale
The Court of Justice of the European Union has ruled this Thursday against the low-cost airline Ryanair in a case that confronts it with the Italian authorities for hiding in the starting price offered in online sales part of the cost considered «inevitable» or «foreseeable» of a ticket, such as VAT on domestic flights or […]