CDB Aviation Lease Finance DAC (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced the completion of the delivery of two Boeing 737-800 aircraft to Ukraine’s flag carrier Ukraine International Airlines (“UIA”). The aircraft delivered from CDB Aviation’s order book with...
Irelandia Aviation (Irelandia), the investment group behind several low cost airline carriers, has today (26 November 2017) announced the establishment of a new division, AerDrone International, a platform dedicated to commercial drone leasing. AerDrone International will be based in Dublin which is now well established as a global leader in aviation finance and leasing. AerDrone International...
After messing up with planning pilots‘ holidays schedules, in the next 6 weeks Ryanair announced cancelling from 1680 to 2100 flights. The massive cancellations will affect around 400 thousand passengers. The grand plan was said to fight Ryanair’s low punctuality rate, but the day after, airline spokesman had to admit that it were staff holiday management mistakes what caused cancelati...
Ryanair confirmed that it has published the full list of flight cancellations (now less than 50 per day) between Thurs 21st Sept. to Tues 31st Oct. next. These cancellations have been allocated where possible, to Ryanair’s bigger base airports, and routes with multiple daily frequencies so that Ryanair can offer these disrupted customers the maximum number of alternate flights and routes in...
Ryanair announced that it would cancel 40-50 flights daily for the next six weeks (to the end of October) to improve its system-wide punctuality which has fallen below 80% in the first two weeks of September through a combination of ATC capacity delays and strikes, weather disruptions and the impact of increased holiday allocations to pilots and cabin crew as the airline moves to allocate ann...
Norwegian will open a new pilot base at Dublin Airport later this year to support the airline’s growing international operations, including the new transatlantic routes from Dublin, Cork, Shannon and Belfast. Recruitment is now underway for new pilot positions for the Dublin base. Earlier this summer, Norwegian launched 24 weekly transatlantic flights from Cork, Shannon, Dublin and Belfas...
Ryanair, Europe’s No. 1 airline, reported a 55% rise in Q1 profit to €397m. This result is distorted by the timing of Easter in Q1 with no holiday period in the prior year comparative. Traffic grew 12% to 35m as Ryanair’s lower fares and “Always Getting Better” (AGB) programme delivered a record 96% load factor. Ryanair’s CEO Michael O’Leary said:&nb...
Ryanair, Europe’s No.1 airline, unveiled its 2017/18 customer experience improvement plan which forms Year 4 of its “Always Getting Better” (AGB) programme, including service, digital, ancillary and inflight developments. The new initiatives to be rolled out over the coming year include: Connecting flights – on Ryanair’s network, then on other airlines Even lower...
Ryanair announced that it has issued a 6.5 year, €750m, Eurobond at a fixed coupon of 1.125%. Ryanair is rated BBB+ (stable) by both Standard & Poor’s and Fitch Ratings. These ratings reflect the ratings of Ryanair’s business model which as a long established track record of profitability, cash generation, and an industry leading balance sheet. The bond will be listed on the I...
THE glass office blocks of Dublin’s docklands still stand proud; the banks that built them no longer do. The financial crisis of 2008 took down Ireland’s six biggest lenders. Within five years Dublin slid from being rated by Z/Yen, a London-based business think-tank, as the world’s tenth-best financial centre to its 70th. Britain’s readiness to leave Europe’s single m...
Ryanair could abandon the UK domestic market following Brexit the Irish LCC's Chief Financial Officer (CFO), Neil Sorahan, has told Bloomberg. Speaking a day after Prime Minister Teresa May confirmed the United Kingdom would be leaving the European Single Market, and by extension the European Single Aviation Market, Sorahan said the anticipated need for a UK AOC would be considered in light...
Passenger numbers at Dublin Airport increased by 11% to a record 27.9 million last year – more than four times the population of the island of Ireland. Last year’s traffic performance exceeded the previous record, which was set in 2015, by more than 2.8 million passengers. The airport experienced significant growth across both its short-haul and long-haul networks last year. &ldq...
