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.
SAirGroup has discounted plans, at least for now, to pull out of charter carrier LTU despite continuing red ink and fierce competition in the leisure travel market. Last week, LTU reported a 224-million-euro ($202-million) loss in 2000, after a 129-million-euro deficit 12 months earlier, and expects ``a rocky road'' ahead this year and next, SAirGroup Chairman/CEO Mario Corti said. The loss was twice as large as had been anticipated.
Faced with daunting losses, and the prospect of more to come, SAirGroup may be forced to reduce its holdings in several major operating units, threatening their chances of survival.
Spanish officials have been forced to lower the maximum price for shares in Iberia and are making more available to retail investors due to weak demand for the initial public offering from international institutional investors. The moves come against a backdrop of investor concerns about a slowing U.S. economy, uncertain prospects for growth among European airlines and ongoing labor talks with pilots.
