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Air Berlin CEO says expects to return to operating profit from 2018

Thursday, 29 Sep 2016 02:59am EDT

Air Berlin Plc CEO on call with journalists: Air Berlin CEO says expects to return to operating profit from 2018 Further company coverage: [AB1.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).

Finnair starts to plan EUR 20 million cost-efficiency programme

Wednesday, 17 Aug 2016 02:17am EDT

Finnair Oyj : Starts to plan 20 million euro ($22.5 million) cost-efficiency programme . Expects to finalise plans on main areas of cost-efficiency programme during next few months . Sustainable improvement in profitability is a prerequisite for Finnair's accelerated growth strategy announced in spring 2016 .Target is to achieve permanent savings through various efficiency-improvement measures, amounting to 20 million euros annually by end of June 2017.

Easyjet has opened talks with EU member states' aviation regulators about relocating its headquarters from the UK - Sky News

Friday, 1 Jul 2016 05:45am EDT

Easyjet Plc : Easyjet has opened talks with EU member states' aviation regulators about relocating its headquarters from the UK - Sky News Source: (http://bit.ly/29fKspR) Further company coverage: [EZJ.L] (Bengaluru Newsroom: +1 646 223 8780).

Virgin Australia announces outcome of capital structure review

Tuesday, 14 Jun 2016 07:28pm EDT

Virgin Australia Holdings Ltd : VAH announces outcomes of capital structure review . Proposed offer, placement to HNA Innovation to raise proceeds A$1.01 bln . Proposed fully underwritten A$852 million equity raising . Proposed equity raising in form of 1 for 1 non-renounceable pro-rata entitlement offer to shareholders at A$0.21 per share . Targeting net free cash flow savings increasing to A$300 million per annum (annualised run rate) by end of 2019 financial year . Singapore Airlines, HNA Innovation , Virgin Group, Nanshan Group and Air New Zealand made binding commitments to take up their pro-rata entitlements . Anticipates incurring cash restructuring costs of A$200-A$250 mln over period to 30 June 2019 . Anticipates non-cash balance sheet impairments of A$150 million - A$200 million over period to 30 June 2019 .

SAS to retain ground handling operations at main airports

Wednesday, 4 May 2016 02:00am EDT

SAS AB:In line with letter of intent signed in Sept. 2015, SAS and Aviator Airport Alliance Europe AB (Aviator) have agreed to continue negotiations in respect of transfer of SAS Ground Handling's stations in Gothenburg and Malmö to Aviator.SAS has decided not to outsource ground handling at airports of Copenhagen, Oslo, Stockholm.Says had in Sept. 2015 signed a letter of intent with Aviator concerning the transfer of ground handling at main airports in Scandinavia and in Gothenburg and Malmö.

Finnair plans organisational renewal in line with its growth strategy

Tuesday, 16 Feb 2016 02:30am EST

Finnair Oyj:Prepares for growth and plans an organisational renewal.‍New organisation is anticipated to take effect on March 1, 2016.Says organisational renewal plans will require consultation of employee representatives​.

Hainan Airlines to dissolve Xinjiang branch

Thursday, 24 Dec 2015 07:00pm EST

Hainan Airlines Co Ltd:To dissolve Xinjiang branch.

SAS to transfer operations at line stations in Norway to Wideroe

Thursday, 22 Oct 2015 02:00am EDT

SAS AB:SAS transfers operations at line stations in Norway to Wideroe.Says 14 line stations in Norway will be transferred to Wideroe on February 1.Says transfer corresponds to about 850 full-time positions.Says transaction in itself will have no significant impact on SAS' earnings.Says following transfer, SAS will purchase ground services from Widerøe ground, parties have entered 5-year contract for these services.

ANA Holdings to merge with subsidiary

Friday, 25 Sep 2015 02:00am EDT

ANA Holdings Inc:To merge with a Tokyo-based wholly owned subsidiary WGT, effective Dec. 1.

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