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Search resuls for: "Stephen Furlong"


4 mentions found


☆ Feel-good war on short flights misses the mark
  + stars: | 2023-09-04 | by ( Rebecca Christie | ) www.reuters.com   time to read: +4 min
REUTERS/Bryan Woolston Acquire Licensing RightsBRUSSELS, Sept 4 (Reuters Breakingviews) - Short flights within Europe are frequent flyers on wish lists of things to ban. But not all short flights are alike, and banning commercial hops makes less sense than targeting private jets. Limiting private jet travel would make a bigger difference, with fewer broad-based disruptions. Reuters GraphicsFollow @rebeccawire on XCONTEXT NEWSCountries such as France, Spain, Belgium and Germany have enacted or are considering measures to reduce or ban short flights. More than half of 2022 private jet travel was for distances of less than 750 km.
Persons: Bryan Woolston, Marjan, Davy, Stephen Furlong, George Hay, Oliver Taslic Organizations: Airbus, LaGuardia, REUTERS, Bryan Woolston Acquire, Rights, Reuters, Greenpeace, International Energy Agency, KLM, Institute for Policy Studies, Air, Brussels Airlines, European Commission . Aviation, Thomson Locations: New York City , New York, U.S, Rights BRUSSELS, Europe, Germany, Spain, France, Africa, Belgium
☆ Pent-up demand, supply-chain restraints still affecting aviation industry, says analyst
  + stars: | 2023-05-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPent-up demand, supply-chain restraints still affecting aviation industry, says analystStephen Furlong from Davy Capital Markets discusses the latest in the aviation industry, easyJet earnings and the difficulties facing VistaJet.
☆ Air France issues bonds convertible into shares for 300 mln euros
  + stars: | 2022-11-16 | by ( Silvia Aloisi | ) www.reuters.com   time to read: +2 min
The shares plunged 13% in early trading as the issue dilutes current shareholders in Air France if the bonds are converted into new shares unless they buy into it. Air France said in February that it was considering options for a capital raising of up to 4 billion euros, including a rights issue and quasi equity debt issues. The bonds, which can also be exchanged with existing Air France shares, will be offered through a placement to qualified investors, the airline said. Air France-KLM received 10.4 billion euros in support in 2020 when the coronavirus pandemic hit, including through direct French and Dutch state loans. "The company is not aware of any subscription intention from its other main shareholders," Air France said.
☆ Wizz Air eyes more growth, sees travel demand holding up
  + stars: | 2022-11-02 | by ( Sarah Young | ) www.reuters.com   time to read: +2 min
Wizz's upbeat forecast chimes with the outlook from other European airlines including British Airways-owner IAG (ICAG.L) and Lufthansa (LHAG.DE), which have all said they are seeing continued growth in ticket sales. Chief executive Jozsef Varadi said on Wednesday that bookings were holding up strongly: "So far we are seeing no indication of a drop in demand so we remain confident." But it is lower than the 40% capacity growth that analysts had been expecting, reflecting Wizz's caution over the resilience of its operations following airport disruption which hurt it last spring, and partly to protect unit revenues. "You obviously have a company which is going for a lot of growth in this type of market," he said. "I don't think we are a target, or we can be a target on that basis," he said.
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