He started his journalism career in 1992 as a freelance writer for Sueddeutsche Zeitung, Germany’s largest daily national newspaper and soon specialised in air transport. Jens joined Aviation Week and Aviation Daily in 2000 as one of the European correspondents. Later his role was expanded to cover international air transport. In 2013 he was named Managing Editor Commercial.
Jens frequently appears on radio and TV to comment on industry matters. In 2003, he received the Hugo Junkers Award of the German aviation press for his coverage of Fairchild Dornier’s bankruptcy. He was named the country’s top travel and air transport writer by the Travel Industry Club three times. Jens graduated from the Munich School of Journalism.
EADS witnessed massive cash outflow in the first nine months of the year and hopes it will be break even on free cash flow for the full year, but is dependent, in part, on achieving targeted Airbus A380 delivery numbers. The company reported a €3.2 billion ($4 billion) negative free cash flow in its third-quarter results briefing for the year to date, with net cash falling from €11.3 billion to €8 billion. This is in sharp contrast to previous cash flow projections.
International Airlines Group (IAG) will make a takeover offer to acquire a 100% stake in Barcelona-based, low-fare airline Vueling. IAG is offering €7 ($8.90) per share in the planned transaction and would spend €113 million for the 54% stake not currently held by IAG subsidiary Iberia. The offer is expected to be made in the first quarter of 2013, and the deal is scheduled to close in the second quarter, says IAG.
SAS Group has delayed the publication of its third-quarter results, as negotiations over its latest restructuring plan and the extension and amount of its revolving credit facility are taking longer than expected. The airline was due to report detailed financial figures on Thursday, but pushed the announcement back by several days. The company stated that finalizing the plan to address its cost structure and complete asset disposals is “an essential part of these negotiations.”
