Aer Lingus shares are to be de-listed, and control and ownership of the Irish flag carrier is moving to International Airlines Group (IAG) after Ryanair’s formal acceptance of the IAG offer. Ryanair’s board voted unanimously to sell its near-30% shareholding in Aer Lingus on July 10; however, the LCC refrained from accepting the IAG offer at the Aer Lingus last month. It also deliberately missed the July 30 deadline for Aer Lingus shareholders to accept the offer.
LOT Polish Airlines CEO Sebastian Mikosz has announced his resignation after the government delayed privatization of the airline yet again. The airline said Mikosz will leave Sept. 17 after little over 18 months on the job. The CEO, who has been in the airline’s top job twice, says he is leaving because the Polish government will not go ahead with the planned sale of the national carrier. Mikosz was hired back with a mandate to turn around and sell the airline.
Sydney Airport has struck a deal with Qantas to buy back the lease on one of the main terminal buildings, which will give the airport more flexibility in its redevelopment plans. Qantas currently has a lease on Terminal 3 through 2019, but the airport will pay A$535 million (U.S.$392 million) to end the arrangement this year. Under the deal, Qantas will continue to use the entire terminal for its domestic operations until 2019, and will occupy most of the facility from 2019 to 2025. The airline will pay usage fees in the same way as other airline tenants.
The two major carriers in the Philippines have both recorded strong increases in net profits for the first half of the year, although Philippine Airlines (PAL) improved the most and overtook its LCC rival Cebu Pacific. Cebu this week posted a net profit of 5.2 billion Philippine pesos ($53.98 million) for the six months through June 30, up by 64% over the same period last year. However, it was below the P5.9 billion profit predicted by PAL in a recent stock exchange filing.
The remote British outpost of St. Helena is preparing for the first fixed-wing aircraft to land at the South Atlantic island’s new airport. The calibration flights, using a Beechcraft Super King Air, are due to take place in mid-September, following approval from Air Safety Support International, a company set up by the U.K. Civil Aviation Authority to provide aviation regulations for U.K. overseas territories.
Marginal weather costs airlines billions of dollars related to ceiling and visibility issues; now rules and guidance systems on the horizon could greatly reduce that amount
Finnair Group improved second-quarter financial results as the effects of its cost-cutting program set in, but it still remained in the red. “While we cannot be satisfied with our loss-making result, our financial position and liquidity are very strong,” Finnair CEO Pekka Vauramo said on Friday.
Turkish Airlines says it has no intention to slow capacity growth and is planning to increase available seat-kilometers (ASKs) by 15% this year compared with 2014. The carrier said it is not changing its capacity guidance for this year.
India’s biggest and most profitable privately owned airline, IndiGo, has finalized its order for 250 Airbus A320neo aircraft, ending months of uncertainty stemming from the expiration of the term sheet. The airline “firmed up” its commitment to buy the 250 A320neos on Aug. 15. “This new order further reaffirms IndiGo’s commitment to the long-term development of affordable air transportation in India and overseas,” IndiGo President Aditya Ghosh says.