Russia’s TMH Group, a supplier of rolling stock, has agreed to buy Norway-based Bergen Engines from Rolls-Royce for a net price of €150 million (US$180 million). The deal is one of a number of sales involving its smaller businesses in an attempt to mitigate the financial hardship the conglomerate is suffering as a result of […]
Russia’s TMH Group to buy Bergen Engines from Rolls-Royce Read More »
Deutsche Lufthansa AG has successfully issued a bond with a total volume of €1.6 billion. The bond with a denomination of €100,000 was placed in two tranches with a term of four and seven years respectively: The tranche with a term until February 11, 2025, has a volume of €750 million and bears interest of
Lufthansa issues bond of €1.6 billion, repays KfW loan Read More »
SIA Group revenue fell S$3,404 million (-76.1%) year-on-year to S$1,067 million during the third quarter, as all three passenger airlines within the Group (SIA, SilkAir, Scoot) recorded a sharp drop in passenger flown revenue due to low traffic. This was partially offset by improvements in cargo flown revenue, as the global airfreight capacity crunch continued
SIA Group posts S$142 million net loss in third-quarter Read More »
Pegasus Airlines CEO, Mehmet T. Nane, has been elected as Chair of the Audit Committee of the International Air Transport Association (IATA) by the members of the IATA Board of Governors. Nane will serve as the Chair of the Audit Committee for a three-year term, which began on January 19, 2021. Commenting on the subject,
Pegasus Airlines CEO Mehmet T. Nane elected Chair of IATA Audit Committee Read More »
SITA announced the launch of ‘Health Protect’ – an industry solution, to help airlines, airports, governments, and passengers safely and securely share information on health tests or vaccinations needed during travel. Successful trials have already been undertaken with travelers to the United Arab Emirates, and soon to start at Milan Malpensa Airport. For many countries,
SITA launches ‘Health Protect’, a secure way for airlines to share health information Read More »
In January, Finnair carried 85,600 passengers, which was 92.4% less than in the corresponding period of 2020 and 7.5% less than in December 2020. The COVID-19 impact, including the exceptionally strict travel restrictions imposed by several countries, still affected all passenger traffic figures. It was especially visible in the North Atlantic figures (no scheduled passenger
Finnair traffic performance in January 2021 Read More »
