Ryanair, Europe’s favourite airline, today (3 Mar) released February traffic statistics as follows: • Traffic grew 28% to 7.4m customers. • Load factor rose 4% points to 93%. • Rolling annual traffic to Feb grew 17% to 104.6m customers. Ryanair’s Kenny Jacobs said: “Ryanair’s February traffic grew by 28% to 7.4m customers, while our load factor jumpe...
FLY Leasing Limited , a global leader in aircraft leasing, today announced that it has closed a $385 million blind pool aircraft acquisition facility. The facility has a three-year revolving period followed by a three-year term and will bear interest at LIBOR plus 2.00% during the revolving period. The lenders include Commonwealth Bank of Australia New York Branch, MUFG’s bank...
AN AER LINGUS flight has been evacuated after fireworks were found on board. This happened on a flight bound from Dublin to Paris earlier on 28 of February. Flight EI 523 was stalled on the stand and passengers left the plane after the discovery was made. It is understood that the fireworks were children’s paper bangers, sold popularly as ‘Fun Snaps’, and not a serious t...
Ryanair boss Michael O'Leary became Ireland's latest billionaire when as the 54-year-old saw his worth grow from €755m (£595m, $832m) in 2015 to €1.08bn this year. In January, the budget airline said it carried over 100m passengers for the first time in a year (2015), while its monthly traffic in December 2015 surged as the carrier cut fares to encourage passengers to tr...
And he warned that Britain leaving the EU could raise fares. Michael O’Leary, CEO of Ryanair, has built a reputation on his quotability and unapologetic pursuit of cost cutting, which has made the discount airline one of Europe’s most successful. (He’s especially famous for calling a customer an “idiot” when she complained about having to pay to print her boarding...
Ryanair has announced a number of new international destinations from Scotland in its 2016 winter schedule. The budget airline will launch six new twice-weekly services from Edinburgh later this year. Destinations from the capital will include Bologna, Bordeaux, Bratislava, Gran Canaria, Palma and Poznan. There will also be more flights in the winter schedule to Alicante, Barcelona, Copen...
Ryanair, Europe’s favourite airline, announced 3 new daily winter services from Manchester to Berlin, Hamburg and Nuremberg, beginning at the start of November. Ryanair celebrated its new Manchester winter routes by releasing seats for sale from just £19.99 for travel in November. These low fare seats are available for booking on the Ryanair.com website until midnight Tuesday (16 Fe...
ASL Aviation Group has reached agreement to acquire the airline operations of TNT Express N.V. (hereafter TNT), comprised of TNT Airways (Belgium) and Pan Air Líneas Aéreas (Spain). The agreement is conditional on the completion of the intended acquisition ofTNT, which is expected in the first half of 2016. The change of ownership and control of TNT&r...
Ryanair, Europe’s favourite airline, today (Feb 1) announced Q3 profits of €103m, a 110% increase on prior year. Traffic grew 20% to 25m as ave. fares fell 1% to €40 (load factors rose 5% points to 93%) while unit costs fell by 5% (ex-fuel down 1%). Ryanair’s CEO, Michael O’Leary, said: “We are pleased to report that our low fares policy delivered stron...
Dublin Aerospace is pleased to announce the appointment of Michael Tyrrell as the Chief Executive Officer. With over 20 years’ experience in airline MRO Michael joins us from Vector Aerospace where he has been the Managing Director of the UK division since 2011. He started his career in the construction industry with Kentz UK, working on various projects in the London area as he...
Swissport is to create 100 new jobs at Belfast International Airport in a number of areas including cargo handling. The Northern Irish airport is in the process of a major recruitment drive to increase its workforce to about 350 employees. The expansion should be worth about £1.6 million ($2.3 million) in annual wages to Northern Ireland’s economy. Belfast International Airport o...
Last week, two major events in Dublin brought the biggest guns from the aviation finance community together to swap notes, debate the major issues and assess the outlook for 2016. Flightglobal – as ever – was close to the action, and these are four key themes we believe will set the agenda for the industry for the year ahead. 1. This is (still) as good as it gets At last year...
