Articles tagged “budget carriers”

Airlines

Saudi Budget Airline Flynas in Talks to Buy $15 Billion Worth of Aircraft

Saudi Arabia needs to invest heavily in airports and aircrafts if it's to hit its lofty tourism goals, which would help the country wean away from an economy centered on oil.

Lina Najem and Nayera Abdallah, Reuters | 2 months ago
Saudi Budget Airline Flynas in Talks to Buy $15 Billion Worth of Aircraft

Airlines

Wizz Air Expands in Western Europe

Wizz Air expects passenger volume to recover next year, so it's expanding. Meanwhile, larger rival EasyJet says air travel won't rebound until 2023, so it's cutting deeper. Who's right?

Sarah Young, Reuters | 2 years ago
Wizz Air Expands in Western Europe

Airlines

EasyJet Faces a Shareholder Vote Showdown With Its Founder Over Plane Order

EasyJet founder Sir Stelios Haji-Ioannou owns 35 percent of the airline's shares, and he only needs 50 percent of shareholders casting votes to defeat the company's management and force the budget carrier to kill a plane supply deal with Airbus. We can see why he likes his odds of winning.

Sarah Young, Reuters | 2 years ago
EasyJet Faces a Shareholder Vote Showdown With Its Founder Over Plane Order

Airlines

Ryanair CEO Mulls Further Cuts While Slamming Virgin Atlantic’s Bid for State Aid

The always lively Ryanair CEO Michael O'Leary said it's "almost inevitable" that his budget airline will make workforce reductions of up to 20 percent for its winter schedule. Layoffs may come sooner if flights don't resume at the level he is hoping for in June.

Alistair Smout and Vera Eckert, Reuters | 2 years ago
Ryanair CEO Mulls Further Cuts While Slamming Virgin Atlantic’s Bid for State Aid

Airlines

Cathay Takes the Helm at Hong Kong Express Airways

Cathay says HK Express will remain a standalone low-cost airline, but it has put a longtime Cathay executive, Ronald Lam, in as its chief in one of its most strategic buys.

Bloomberg News | 3 years ago
Cathay Takes the Helm at Hong Kong Express Airways