Page 63 - Abd News Today

Qantas Airways reopens majority of regional and domestic lounges Qantas opened (01-Mar-2021) 30 of its 35 domestic and regional lounges across its network. The airline has also been progressively "waking up" its domestic and regional aircraft to support new operations, with the vast majority of the airlines regional fleet expected to be operational by early 2021. [more - original PR] Want More News Like This? CAPA Membership provides access to all news and analysis on the site, along with acces...

SIAEC to consolidate all engine related services into new division SIA Engineering Company (SIAEC) established (24-Feb-2021) an engine services division (ESD), a new business unit to grow its engine services business. Key changes include: All SIAECs engine related services will be consolidated and developed under ESD, which will be the lead business channel to complement SIAECs network of engine JVs in ESD will develop and provide a comprehensive portfolio of engine related value added service...

Direct News Source Despite an encouraging start to 2020 passenger numbers at Gatwick fell 78% in the year ended 31 December, 2020 due to the impact of COVID-19. The airport remained open throughout the pandemic, however all revenue streams were impacted and the collapse in passenger demand led to a £465.5m loss for the twelve-month period and negative EBITDA at -£25.1m.   Decisive and swift action was taken to protect the financial strength of the business.  A strategic reduction in capital...

London Gatwick Airport cut staff by 40% in 2020 London Gatwick Airport stated (26-Feb-2021) the airport reduced operating costs by more than GBP140 million in 2020 through a variety of actions, including reducing staff by more than 40%, renegotiating contracts and consolidating all air traffic and passengers into one terminal. A strategic reduction in capital expenditure resulted in the deferral of over GBP380 million from the investment originally planned in 2020 and 2021. [more - original PR]...

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25-Feb-2021 9:59 AM Aena records its first loss since 2012 after 2,262.9 million euro revenue drop due to COVID-19 Direct News Source Passenger traffic in the Spanish airport network falls by 72.4% in 2020 to 76.1 million. Aeronautical activity revenue drops by 67.1%. Commercial revenue shows a decrease of 16.4%, although it includes uncollected booked Minimum Annual Rent coming to 635.5 million euros. The company has set out a general framework of agreements with commercial operators for even-...

26-Feb-2021 3:52 PM London Heathrow Airport CEO: 2020 pax numbers declined to levels we haven’t seen since the 70s London Heathrow Airport CEO John Holland-Kaye said (24-Feb-2021) "2020 has been one of our most challenging years" and the airport declined "to passenger levels we havent seen since the 70s". Mr Holland-Kaye said the resumption of travel will "save thousands of jobs and reinvigorate the economy", and the airport will collaborate with "the Global Travel Taskforce to develop a r...

24-Feb-2021 6:12 PM Heathrow prepares for safe restart of travel and trade in 2021 - Results for the year ended 31st Dec Direct News Source Heathrow prepares for safe restart of travel and trade in 2021 - Results for the year ended 31st Dec Keeping passengers and colleagues safe – We have only been able to remain open throughout the pandemic by maintaining high safety levels.  We helped to develop international standards for safe travel through airports and invested in cutting-edge COVID-sec...

AENA approves extraordinary incentive package to recover operations during summer 2021 AENA announced (24-Feb-2021) its board signed off a new extraordinary incentive package to recover operations for the 2021 summer season. The measure will apply between 01-Apr-2021 and 31-Oct-2021 and incentivises recovery rates above specified thresholds. For the first three months the recovery threshold is 30% while for the last four months it is 45%. All operations above these percentages will be incentivi...

The deal is expected to contribute (post-closing) revenues of around EUR30million p/a to Frequentis. In addition to such acquisitions, L3Harris and Frequentis have entered into cooperation agreements under which Frequentis will provide voice communication products for use in L3Harris large-scale solutions and services business. [more - original PR] Want More News Like This? CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive...