Thomas Cook Hit By CEO Departure

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Published: November 26, 2014

British leisure travel company Thomas Cook’s chief executive Harriet Green has been replaced by its chief operating officer Peter Fankhauser. Shares in the world’s oldest travel company fell on news that Green was leaving plus a warning from the company that growth would slow to “a more moderate pace” in 2015, to reflect a tougher […]

Fraport, Copelouzos Win Greek Airports Tender

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Published: November 26, 2014

Fraport and Greek energy firm Copelouzos bid EUR€1.23 billion to lease and operate 14 Greek regional airports. The offer from Fraport and Copelouzos unit Slentel, was “significantly higher” than the second best bid, Greece’s privatization agency HRADF said, making the group the preferred bidder to operate airport terminals at some of the country’s most popular […]

Australia Working On MH370 Drift Modelling

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Published: November 26, 2014

Australia is working on new drift modeling to expand the geographical area in which wreckage from Malaysia Airlines flight MH370 may come ashore. Initial analysis had suggested that the first debris from the plane could come ashore on Indonesia’s Western Sumatra after about 123 days. “We are currently working… to see if we can get […]

Air France To Sell 2.2 Pct Stake In Amadeus

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Published: November 26, 2014

Air France is selling a 2.2 percent stake in travel technology company Amadeus through a derivatives deal. Air France said it will own about 2.2 percent of Amadeus following the deal and has committed to a 30-day lock up period on the remaining stake. In a separate statement, Deutsche Bank said it was placing a […]

Calls On Airlines To Lower Fuel Surcharges

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Published: November 26, 2014

Airlines should lower their fuel surcharges to reflect a recent decline in oil prices, according to Gerd Billen, Germany’s deputy minister of justice and consumer protection. “Airlines have justified price increases with high fuel costs for a long time. If kerosene prices decline, that should be passed on to customers,” he told Reuters news agency. […]

VietJet Air, CFM Sign Engine Maintenance Deal

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Published: November 25, 2014

VietJet Air has signed a USD$ 300 million engine maintenance contract with CFM International. Under the contract, CFM will maintain engines on the Vietnamese carrier’s 21 Airbus A320s for 12 years, VietJet and CFM said in a joint statement. CFM will also provide technical assistance for engines on other Airbus planes operated by VietJet, bringing […]

SkyWest Orders Seven Embraer Jets

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Published: November 25, 2014

SkyWest has booked a firm order for seven Embraer E175s, the plane maker said in a securities filing. SkyWest will operate the planes, worth about USD$ 301 million at list prices, under a deal with Alaska Airlines. Airwise News Top Stories

Ryanair Wins Court Ruling Over Air Tax

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Published: November 25, 2014

Ryanair won a victory in the European Union’s second-highest court on Tuesday regarding its complaint against Ireland’s air travel tax. The airline had argued that the tax, not levied on transit passengers, constituted state aid for the benefit of rivals Aer Lingus and Aer Arann as they had a higher proportion of passengers transferring in […]

Vienna Airport Investor Looking For Higher Bid

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Published: November 25, 2014

Vienna Airport minority investor Petrus Advisers said it is rallying support from other shareholders for a higher bid from Australia’s IFM Investors for a stake in the airport. IFM Investors is offering to buy between 20 and 29.9 percent in Vienna Airport for EUR€80 a share. The subscription period runs to December 12. “There is […]

Three In Final Stage Of Greek Airport Tender

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Published: November 25, 2014

The three groups bidding to lease and operate 14 of Greece’s 39 regional airports have met the necessary technical requirements and their offers will be opened on Tuesday. The tender to operate airport terminals at some of Greece’s most popular tourist islands such as Rhodes, Corfu, Mykonos and Santorini is part of the country’s privatization […]

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