Brexit: Britain cannot avoid EU rules

December 14, 2017 by  
Filed under Aviation, EUROPE, News

BRUSSELS, 14 December 2017: The EU must make Britain’s air industry sign up to the bloc’s environment rules if it wants to keep access to European skies after Brexit, a campaign group warned in a report Wednesday.

Airlines should stay in the EU’s emissions trading scheme and follow rules against subsidies to prevent Britain becoming a “carbon haven”, Brussels-based group Transport and Environment said in the report seen by AFP.

The group — which has had meetings with EU Brexit negotiator Michel Barnier’s task force — warned that without a deal British planes could be unable to land in the bloc the day after the UK leaves. Read more

WTTC bullish on London’s tourism

November 7, 2017 by  
Filed under EUROPE, News

London, 7 November 2017: London generates more spend from international visitors than any other city in Europe, according to a new report released Monday by the World Travel & Tourism Council (WTTC).

In 2016, international visitors spent around UKP11.2billion (€18.9billion) in London, more than in any other city in Europe.  Visitors from within the UK spent a further UKP1.74 billion (€2.94bn). Overall Travel & Tourism directly employs 228,000 jobs in the capital and in terms of Travel & Tourism GDP contribution, London accounts for nearly 19% of the UK’s total.

Other cities which make up the top five for international spend in Europe are Istanbul (€17.5bn), Barcelona (€13.6bn), Amsterdam (€11.8bn) and Paris (€10.4bn). Read more

Wizz makes ready for Brexit

October 20, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 20 October 2017: Hungarian budget airline Wizz Air announced, Wednesday, that it has applied for a British air operator’s licence in order to make its operations “Brexit ready”.

Wizz Air said in a statement to the London Stock Exchange that it will establish a British division Wizz Air UK, which will be based at Luton Airport, north of the British capital.

Wizz Air UK will begin operations in March 2018, subject to the receipt of an Air Operator’s Certificate (AOC) and Operating Licence from the Civil Aviation Authority (CAA), it added. Read more

British pound in the doldrums

September 5, 2017 by  
Filed under EUROPE, News

LONDON, 5 September 2017: The Brexit-hit UK pound threatens to reach parity with the euro — and is already worth less than the European single currency for many travellers seeking to exchange cash at airports.

Sterling went into free-fall after Britain voted in a shock referendum last year to leave the EU, sparking fears over the nation’s economic outlook.

The pound was trading at approximately 1.3072 euros as voters headed to the polls on June 23, 2016. Read more

UK airlines face a hard Brexit

August 4, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 4 August 2017: Ryanair chief executive, Michael O’Leary, hit out at rival European airlines Wednesday, claiming they opposed Britain securing a “favourable deal” over routes following Brexit.

Britain accounts for about one-quarter of revenues earned by the Irish no-frills airline, causing O’Leary and Ryanair in general to be extremely vocal regarding perceived risks of the country exiting the European Union.

“There’s no doubt in our minds that the German and French airlines in particular are opposed to the UK getting any favourable deal,” O’Leary told a London press conference Wednesday. Read more

EasyJet secures Euro base

July 24, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 24 July 2017: EasyJet has secured an air operator’s certificate in Austria that will enable it to keep flying across the EU after Brexit, the low-cost carrier said last week, and lifted earnings guidance.

The news, which comes one week after the British low-cost airline revealed it had applied to Austrian authorities to establish a new Vienna-based EasyJet Europe division, was contained in a trading update.

“Our European AOC (air operator’s certificate) has now been awarded and the first flight by an EasyJet Europe aircraft takes place today,” said the company’s outgoing chief executive Carolyn McCall. Read more

Ryanair challenges Lufthansa

March 2, 2017 by  
Filed under Aviation, News

FRANKFURT, 2 March 2017: Irish low-cost airline Ryanair on Tuesday said it will expand routes from Germany’s Frankfurt airport in future, but warned of challenges ahead for the airline industry from Brexit.

The carrier will offer 20 new routes from Frankfurt to “sexy” destinations across Europe in its winter 2017 to 2018 flight plan, chief executive Michael O’Leary told a press conference at the airport.

Ryanair currently flies to Frankfurt-Hahn, situated about 120 kilometres (75 miles) from the city. Read more

Brexit saps Ryanair profits

February 7, 2017 by  
Filed under Aviation, EUROPE, News

LONDON, 7 February 2017: Ryanair logged sliding quarterly net profits on Monday as the Irish no-frills carrier flew into challenging headwinds facing the sector, such as Brexit, competition and overcapacity.

Profit after tax fell 8% to 95 million euros (USD102 million) in the third quarter or three months to December from a year earlier, the Dublin-based group said in a statement. That undershot expectations of 102 million euros.

Earnings sagged as the pound weakened sharply after Britain’s decision to exit the European Union in a shock referendum last June. Read more

EasyJet fears profits hard hit

January 25, 2017 by  
Filed under Aviation, News

LONDON, 25 January 2017: EasyJet expects full-year profits to suffer a bigger-than-expected hit with the pound down sharply since Britain voted to exit the European Union, the no-frills British airline said Tuesday.

At the same time, Ryanair chief executive Michael O’Leary said the Irish rival to EasyJet would postpone a plan to create more UK jobs this year as the country prepares for a “very hard Brexit”.

Ryanair created 450 UK jobs last year, while O’Leary on Tuesday also did not rule out the loss of existing posts. Read more

Rise and fall of pound and dollar

January 18, 2017 by  
Filed under AMERICAS, News

NEW YORK, 18 January 2017: The dollar tumbled Tuesday after President-elect, Donald Trump, said the American currency was too strong, while the pound rallied after British Prime Minister Theresa May released her Brexit blueprint.

The fluctuations in foreign exchange came as most larger equity markets fell as markets look ahead to Friday’s inauguration of US President-elect Donald Trump.

The greenback fell sharply against the euro, pound and other major currencies following a Trump interview, published in Monday’s Wall Street Journal, in which he called the dollar “too strong” and said China’s comparatively cheap currency was “killing us.” Read more

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