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Articles tagged “european airlines”

News Blog

Scandinavia’s SAS Files for Bankruptcy Protection in the U.S.

Scandinavian airline SAS has voluntarily filed for chapter 11 bankruptcy protection in the U.S., to try and secure time and flexibility to reorganize its capital structure, reduce costs, and complete a financial restructuring under the supervision of the U.S. court system. SAS expects to complete its court-supervised process in the U.S. in 9-12 months. The airline…

Peden Doma Bhutia | 2 years ago

Airlines

Scandinavia’s Debt-Ridden SAS Airline Looks to Denmark for Survival

With Sweden and Norway not wanting to remain long-term stakeholders, the survival of Scandinavian Airlines now hinges on Denmark. However, with Copenhagen's stake set to go up to 30 percent, how much of a deterrent would that be for potential private investors?

Jacob Gronholt-Pedersen, Nikolaj Skydsgaard and Gwladys Fouche, Reuters | 2 years ago

Scandinavia’s Debt-Ridden SAS Airline Looks to Denmark for Survival

Airlines

Schiphol Airport Caps Passenger Numbers for Summer

As it grapples with labor crunch, Amsterdam's Schiphol Airport is cutting flights and limiting the number of passengers to help make the queues more manageable. Clearly, this isn't the post-Covid recovery that European airlines had been expecting.

Toby Sterling and Klaus Lauer, Reuters | 2 years ago

Schiphol Airport Caps Passenger Numbers for Summer

Airlines

Sweden Will Not Inject More Capital Into Scandinavian Airlines

Post Sweden's decision, all eyes are now on Denmark. The two governments are the largest owners of the Scandinavian airline, each holding a 21.8 percent stake.

Terje Solsvik and Stine Jacobsen, Reuters | 2 years ago

Sweden Will Not Inject More Capital Into Scandinavian Airlines

Airlines

EasyJet Continues to Struggle With Flight Cancellations

A little more than a week after cancelling around 200 flights, EasyJet is now faced with fresh flight cancellations and delays, adding to the travel chaos at European airports.

Sneha Bhowmik, Reuters | 2 years ago

EasyJet Continues to Struggle With Flight Cancellations

Airlines

Scandinavian Airlines May Get Rescued by Foreign Investors — Reports

The investment would be conditional on the airline opting for cost cuts and financial restructuring. It may not have much of a choice.

Terje Solsvik, Reuters | 2 years ago

Scandinavian Airlines May Get Rescued by Foreign Investors — Reports

Airlines

Air France-KLM to Sell $2.4 Billion Worth of Shares to Repay State Aid

Paying down its borrowings will bring Air France-KLM a step closer to meet European Union conditions for participating in any further airline consolidation. Are acquisitions on the cards?

Tim Hepher, Reuters | 2 years ago

Air France-KLM to Sell $2.4 Billion Worth of Shares to Repay State Aid

Airlines

European Airlines and Hotels See First Signs of the Recovery

After a bookings surge in the U.S., it's now over to Europe. But some airlines may be a little too eager to please and could end up promising more than they can deliver, while inflation also looks like it could spoil the party.

Paul Sandle and Shanima A, Reuters | 2 years ago

European Airlines and Hotels See First Signs of the Recovery

Airline Weekly

Airlines Demand EU Support to Help Meet Greenhouse Gas Goals

European airline leaders agree the industry needs to do more to become more sustainable, but they say they can't achieve the EU's ambitious greenhouse-gas reduction targets without government help. Airlines are calling on the EU to support the transition to sustainable jet fuel.

2 years ago
Airlines Demand EU Support to Help Meet Greenhouse Gas Goals

Airline Weekly

Aircraft Lessor AerCap Files Claims for $3.5 Billion in Assets Seized by Russia

Russia's move to seize foreign-owned leased aircraft will cost AerCap around $3.5 billion. Even if it got the aircraft back, the lessor doesn't know what condition they will be in and if they can be redeployed at non-Russian airlines.

2 years ago
Aircraft Lessor AerCap Files Claims for $3.5 Billion in Assets Seized by Russia