Aviation Daily, July 2, 2015

In its final report published on July 1, the Airports Commission, led by Sir Howard Davies, said that of three options short-listed by the commission, the northwest runway option for Heathrow proposed by the airport’s owner was unanimously selected because it provided more economic and strategic benefits than the other two options, striking what the commission called “fair balance between national and local priorities.”

Ryanair is allowing Greek customers to buy tickets for its flights with cash, as capital controls imposed by the Greek government are causing credit and debit card transactions on the carrier’s website to be declined. “Ryanair has now provided the option for Greeks looking to travel to buy their plane tickets in cash at the Ryanair ticket desk at its airports,” the LCC said. The airline flies to and from 11 airports in Greece and operates a base at Athens International Airports as well as two smaller bases in Thessaloniki and Crete.

InterGlobe Aviation Ltd., the LCC’s owner, has filed a draft prospectus with capital-markets regulator Securities Exchange Board of India for its proposed IPO, to raise around 12.72 billion rupees ($200 million) via sale of new shares, while certain shareholders will also offer for sale more than 30 million shares.

The airline stated in the draft prospectus for its initial public offering (IPO) that “although the term sheet has expired we remain in active discussions concerning the potential acquisition of a significant number of aircraft from the A320neo family.

“Similar to the implementation of the company’s ‘Even More’ product, fare options was rolled out in a simplified fashion, with static pricing that will likely increase over time as fees become optimized via technology that varies price by time of day/flight,” Julie Yates, an analyst at Credit Suisse, wrote in a report.

Vietnam Airlines has 10 A350-900s on order. It plans to take delivery of three more this year.

Beijing may have to force reluctant carriers to accept allocations from the order, announced June 30, though Hainan Airlines and its affiliates will have stronger reasons than others for taking deliveries of what the Chinese industry generally sees as an outdated type.

The bank is an important priority for the White House, which says Ex-Im has supported $235 billion in exports over the last six years, through direct loans, loan guarantees, working-capital guarantees and export credit insurance.

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