Parvus Asset Management has increased its shareholding in Ryanair Holdings PLC, parent entity of Ryanair (FR, Dublin International), to in excess of 7%, the airline disclosed in a TR-1 filing to the UK's Financial Conduct Authority. The Irish Times newspaper said the activist hedge fund spent almost EUR230 million euros (USD251.5 million) last week to [...]
Ryanair (FR, Dublin International) Group CEO Michael O’Leary and Irish Transport Minister Eamon Ryan have failed to find common ground on their differences regarding Dublin International's 32 million passenger traffic cap, the Irish Times newspaper reported. After meeting on March 7, the minister confirmed that they still disagreed on the cap and that he could [...]
Universal Air (VO, Malta International) has announced plans to operate scheduled flights out of its home airport in Malta, on top of the previously announced routes out of Pecs in Hungary. The airline will connect the island with: Athens (weekly from May 6, 2x weekly from May 27); Kerkyra (3x weekly from June 1); Ibiza [...]
Source: ch aviation Read more: Slovenia's Alpavia to launch leisure charters from France
Using one of its A300-600STs, Airbus Beluga Transport (BCO, Toulouse Blagnac) has operated its first cargo flight to the United States after securing a Foreign Air Carrier Permit (FACP) earlier this year. The freight carrier transported an Eutelsat 36D satellite on March 11 using F-GSTF (msn 796). It is the third time the European manufacturer [...]
Source: ch aviation Read more: Foreign ownership of South Africa's FlySafair under scrutiny
Source: ch aviation Read more: Bulgaria's Cargo Air suspends fleet renewal
The supervisory board of Air Austral (UU, St. Denis de la Réunion) approved a restructuring plan presented by the airline's management at a meeting on March 7, according to a statement from the carrier. The plan includes cutting payroll by 10% , reducing supplier expenses and reorganising government debt. The airline will also try to [...]
LAM - Linhas Aéreas de Moçambique's new interim chief executive, Theunis Crous, plans to review the airline's existing partnerships with OEMs and lessors as part of a new strategic plan for the state-owned carrier until 2030. Crous told the Lusa news agency he would continue to review the loss-making airline's assets and oversee its financial [...]
Source: ch aviation Read more: Western Air Bahamas ends Saab 340 operations