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Largest Boeing 737 MAX model takes off on maiden flight
  + stars: | 2021-06-18 | by ( Eric Johnson | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Paulo WhitakerSEATTLE, June 17 (Reuters) - Boeing Co’s (BA.N) 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step toward recovering from the safety grounding of a smaller model. Boeing has carried out design and training changes on the MAX family, which returned to U.S. operations in December. Boeing Commercial Airplanes CEO Stan Deal said the company is producing about 16 737 MAX jets a month at its Renton factory. While the smaller MAX 8 is Boeing's fastest-selling jet, slow sales of the MAX 9 and 10 models have put Boeing at a disadvantage to the A321neo. Boeing has abandoned plans to tinker with the 737 MAX 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the MAX family.
Persons: Paulo Whitaker, Stan Deal, Eric M, Johnson, David Gregorio, Leslie Adler Organizations: Boeing, American Business Aviation Conference, Airport, REUTERS, Paulo Whitaker SEATTLE, Washington State, Renton, Boeing Commercial, tinker, Ryanair, Customers, United Airlines, Airbus, Thomson Locations: Sao Paulo, Brazil, Seattle, China, U.S, Renton
Largest Boeing 737 MAX model set for maiden flight -source
  + stars: | 2021-06-18 | by ( Eric Johnson | ) www.reuters.com + 0.00   time to read: +2 min
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. The first voyage of the 737 MAX 10, expected around 10 a.m. local time from the Seattle area, the person said, heralds months of testing and certification before it enters service in 2023. However, the market opportunity for the 737 MAX 10 is constrained by the jet's range of 3,300 nm (6,100 km), which falls short of the A321neo's 4,000 nm. Relatively slow sales of the 737 MAX 10 and slightly smaller MAX 9 have given Boeing a strategic headache, analysts say. Even so, Boeing is stepping up efforts to sell the 737 MAX 10, with key targets including Ireland's Ryanair (RYA.I).
Persons: Lindsey Wasson, Eric M, Johnson, David Gregorio, Leslie Adler Organizations: Boeing, MAX, Boeing Field, REUTERS, SEATTLE, Boeing Co, Airbus, tinker, Ryanair, Thomson Locations: Seattle , Washington , U.S, Seattle, China
The domestically focused mid-cap index (.FTMC) advanced 0.2% after three straight sessions of falls and outperformed the blue-chip FTSE 100 (.FTSE) and pan-European STOXX 600 (.STOXX). Among industrials, Rotork Plc (ROR.L) climbed 2.3% and was one of the biggest gainers after Morgan Stanley upgraded the stock to "overweight". Inchcape (INCH.L) jumped 3.8% to the top of the index after the car dealership said its current-year earnings would beat market estimates. read moreThe FTSE 100 index (.FTSE) fell 0.4%, dragged down by heavyweight oil majors BP (BP.L) and Royal Dutch Shell (RDSa.L), and life insurers (.FTNMX303010). British retail sales fell unexpectedly by 1.4% last month as a lifting of lockdown restrictions encouraged spending in restaurants rather than shops, with food stores suffering the biggest hit.
Persons: Toby Melville, Morgan Stanley, James Smith, Devik Jain, Subhranshu Sahu Organizations: London Stock Exchange Group, City of, REUTERS, Rotork, BP, Royal, Shell, Tesco, Sainsbury, Morrisons, ING, U.S, U.S . Federal, Bank of England's, Ryanair, Wizz, HSBC, Aegon, Thomson Locations: City, City of London, Britain, U.S ., Bengaluru
Largest Boeing 737 Max model takes off on maiden flight
  + stars: | 2021-06-18 | by ( ) www.cnbc.com + 0.00   time to read: +2 min
Boeing's 737 Max 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step towards recovering from the safety grounding of a smaller model. However, the market opportunity for the 737 Max 10 is constrained by the jet's range of 3,300 nautical miles (6,100 km), which falls short of the A321neo's 4,000 nm. Boeing has carried out design and training changes on the Max family, which returned to U.S. operations in December. While the smaller Max 8 is Boeing's fastest-selling jet, slow sales of the Max 9 and 10 models have put Boeing at a disadvantage to the A321neo. Boeing has abandoned plans to tinker with the 737 Max 10 design, but is weighing a bolder plan to replace the single-aisle 757, which overlaps with the top end of the Max family.
Persons: Max Organizations: Boeing, tinker, Ryanair, Customers, United Airlines, Airbus Locations: Renton, Seattle, China, U.S
Miners drag FTSE 100 from 16-month highs
  + stars: | 2021-06-17 | by ( Devik Jain | Amal S | ) www.reuters.com sentiment -1.00   time to read: +2 min
(Reuters) - Miners knocked London’s FTSE 100 index off 16-month highs on Thursday as a hawkish turn by the U.S. Federal Reserve hit commodity prices, although Britain’s plans to ease travel restrictions allowed airline shares to buck the trend. FILE PHOTO: A man walks through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File photoThe blue-chip index ended 0.4% down, snapping its five-day winning streak and marked its biggest percentage fall in two weeks. Base and precious metal miners slid 3.0% and 3.5% respectively, as commodity prices slipped after the Fed signalled it could raise rates earlier than expected. Trainline climbed 5.1% after the rail operator’s group net ticket sales hit the highest since the start of the pandemic.
Persons: Suzanne Plunkett, , Danni Hewson, AJ Bell, won’t, Martens, IAG, Whitbread, Trainline Organizations: Reuters, Miners, U.S . Federal Reserve, London Stock Exchange, REUTERS, BP, Royal, Shell, COVID, Wizz Air, British Airways, EasyJet Plc, Ryanair Holdings, TUI AG, InterContinental Hotels Group PLC Locations: London, Britain
(Reuters) -European shares fell from record highs on Thursday, tracking declines on Wall Street after the Federal Reserve surprised investors by taking a hawkish tone to its policy, while CureVac sank 40% after failing in a pivotal COVID-19 vaccine trial. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 16, 2021. [.N]Mining stocks shed 1% as the U.S. central bank’s comments lifted the dollar and dented commodity prices. In company news, German biotech CureVac NV said late on Wednesday its COVID-19 vaccine missed the main goal in a late-stage trial, raising doubts about the potential delivery of hundreds of millions of doses to the European Union. The company’s shares sank 44.3% and were on course for their worst session since their August 2020 U.S. IPO.
Persons: CureVac, , Michael Hewson, IAG Organizations: Reuters, Federal Reserve, REUTERS, Staff, CMC, CureVac NV, European Union, COVID, British Airlines, Ryanair, Bank, Spanish bourse Locations: Frankfurt, Germany, U.S, Britain, easyJet
Miners drag FTSE 100 from 16-month highs; airlines soar
  + stars: | 2021-06-17 | by ( Devik Jain | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Suzanne Plunkett/File photoSummary Whitbread tops FTSE 100 after signs of demand pick-upTrainline surges after higher group net ticket salesFTSE 100 down 0.3%, FTSE 250 off 0.4%June 17 (Reuters) - Miners knocked London's FTSE 100 index off 16-month highs on Thursday as a hawkish turn by the U.S. Federal Reserve hit commodity prices, although Britain's plans to ease travel restrictions allowed airline shares to buck the trend. The blue-chip index (.FTSE) fell 0.3% and was on track for its biggest percentage fall in two weeks. read moreLarge dollar-earning consumer staples companies Unilever (ULVR.L), Diageo (DGE.L) and Reckitt Benckiser Group (RKT.L) fell between 0.5% and 1%. Banks (.FTNMX301010), which tend to do well in a rising rate environment, were the biggest boost to the FTSE 100. read moreTrainline (TRNT.L) climbed 5.5% after the rail operator's group net ticket sales hit the highest since the start of the pandemic.
Persons: Suzanne Plunkett, Ipek, Banks, Martens, IAG, Whitbread, WTB.L, Devik Jain, Subhranshu Sahu Organizations: London Stock Exchange, REUTERS, Whitbread, FTSE, Miners, U.S . Federal Reserve, Unilever, Diageo, Swissquote Bank, Chartered, Barclays, HSBC Holdings, COVID, Wizz, British Airways, EasyJet, Ryanair Holdings, TUI AG, Thomson Locations: London, Britain, Bengaluru
June 16 (Reuters) - Ryanair Holdings Plc (RYA.I) and the owner of three major English airports said on Wednesday they would sue the UK government over the 'traffic light' system it has put in place for international travel. In April, the British government proposed a traffic light system, with countries falling into red, amber or green categories based on the perceived degree of COVID-19 risk. Britain removed Portugal from its quarantine-free travel list earlier in June, leaving fewer than a dozen countries on the 'green list' and sparking outrage from embattled airlines. read moreThe court papers will argue that the British government should clearly explain how it makes decisions on categorising countries, given the "dramatic" impact these decisions have on the aviation industry. Britain will provide an update on its list of destinations which do not require quarantine on June 24. read moreThe news was first reported by The Daily Telegraph on Wednesday.
Persons: Akriti Sharma, Rosalba O'Brien Organizations: Ryanair Holdings, Manchester Airports Group, MAG, Britain's Department, Transport, Reuters, The Daily Telegraph, Thomson Locations: Britain, Portugal, Bengaluru
Ryanair planes at Dublin Airport after the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. The industry has repeatedly criticised the government's traffic light system for international destinations, saying it is unpredictable and doesn't make scientific sense. "We recognise this is a challenging period for the sector, as we seek to balance the timely reopening of international travel while safeguarding public health and protecting the vaccine roll-out," the government said in a statement. Britain allowed vacations again from May after months of lockdown but discourages travel to popular holiday destinations such as Spain, France, Greece and the United States, classifying them as "amber" under its traffic light system. read moreReporting by Akriti Sharma in Bengaluru, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.
Persons: Jason Cairnduff, Akriti Sharma, Rosalba O'Brien Organizations: Ryanair, Dublin Airport, REUTERS, Manchester Airports Group, Irish, Britain, England's, MAG, European Union, Reuters, Thomson Locations: Dublin, Ireland, COVID, Spain, France, Greece, United States, European, Portugal, British, Bengaluru
Ryanair set to receive first Boeing 737 MAX -Flightradar24 data
  + stars: | 2021-06-16 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Ryanair Chief Executive Michael O'Leary gestures during a signing ceremony at the 50th Paris Air Show, at the Le Bourget airport near Paris, June 19, 2013. REUTERS/Pascal Rossignol/File PhotoDUBLIN, June 16 (Reuters) - Ryanair's (RYA.I) first Boeing (BA.N) 737 MAX jet was en route to Dublin from the U.S. planemaker's base in Seattle on Wednesday, flight tracking website Flightradar24 showed. A 737 Max jet with the tail number EI-HEN and registered to Ryanair was about three hours from Dublin over Greenland, the website showed. Since then, the Irish airline has announced repeated delays, cutting its planned deliveries in time for use in summer 2021 from 40 to 16 to possibly zero. read moreReporting by Padraic Halpin; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael O'Leary, Pascal, Padraic Halpin, Alexander Smith Organizations: Ryanair, Paris Air, REUTERS, Boeing, Irish, Thomson Locations: Le Bourget, Paris, DUBLIN, Dublin, Seattle, Greenland
Ryanair set to receive first Boeing 737 MAX
  + stars: | 2021-06-16 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
Ryanair Chief Executive Michael O'Leary gestures during a signing ceremony at the 50th Paris Air Show, at the Le Bourget airport near Paris, June 19, 2013. REUTERS/Pascal Rossignol/File PhotoDUBLIN, June 16 (Reuters) - Ryanair's (RYA.I) first Boeing (BA.N) 737 MAX jet will arrive in Dublin on Wednesday afternoon after the airline took possession of the plane earlier in the day in Seattle. "We are delighted to take delivery of our first new technology Gamechanger aircraft," Group Chief Executive Michael O'Leary said in an emailed statement. The company said it expected to take delivery of 12 Boeing 737-8200s this summer, with 6 delivered in Ryanair colours and 6 in Malta Air colours. It expects an additional 50 to be delivered before summer 2022.
Persons: Michael O'Leary, Pascal, Padraic Halpin, Alexander Smith Organizations: Ryanair, Paris Air, REUTERS, Boeing, Malta Air, Irish, Thomson Locations: Le Bourget, Paris, DUBLIN, Dublin, Seattle, Malta
FILE PHOTO: Ryanair Chief Executive Michael O'Leary attends the Europe Aviation Summit in Brussels, Belgium March 3, 2020. REUTERS/Johanna GeronLONDON (Reuters) - Ryanair’s chief executive Michael O’Leary said that he did not support a ban on Belarusian airspace in the long term and called on international authorities to restore unrestricted access to airways as soon as possible. Belarus scrambled a fighter jet on May 23 and flagged what turned out to be a false bomb alert to force a Ryanair plane to land in Minsk, then detained a dissident journalist who was on board, drawing international condemnation. O’Leary told a British parliamentary committee that while he supported the short-term ban on Belarusian airspace, the aviation industry depends on unrestricted access to all airspace and this must be restored. “We need to have an outcome where the European and the UK authorities, hopefully assisted by international partners, received appropriate assurances from the Belarusian, and or Russian authorities, that this will never happen again,” he said on Tuesday.
Persons: Michael O'Leary, Johanna Geron LONDON, Michael O’Leary, O’Leary, Organizations: Ryanair, Europe Aviation, REUTERS Locations: Brussels, Belgium, Belarus, Minsk, British, Belarusian
Ryanair: Belarusian airspace ban is not a long-term solution
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: Ryanair Chief Executive Michael O'Leary attends the Europe Aviation Summit in Brussels, Belgium March 3, 2020. REUTERS/Johanna GeronLONDON (Reuters) -Ryanair does not support a ban on Belarusian airspace in the long term, its chief executive said on Tuesday and called on international authorities to secure assurances from the country that there would be no repeat of last month’s forced landing. Belarus scrambled a warplane to force a Ryanair flight to land in Minsk on May 23. Ryanair boss Michael O’Leary told a British parliamentary committee that while he supported those measures, the aviation industry depended in the long term on unrestricted access to all airspace and that this must be restored. “We need to have an outcome where the European and the UK authorities, hopefully assisted by international partners, receive appropriate assurances from the Belarusian, and or Russian authorities, that this will never happen again,” he said.
Persons: Michael O'Leary, Johanna Geron LONDON, Michael O’Leary, , ” O’Leary Organizations: Ryanair, Europe Aviation, REUTERS, European Union, EU, United Nations ’ International Civil Aviation Organization Locations: Brussels, Belgium, Belarus, Minsk, British, Belarusian
BRUSSELS—The U.S. and the European Union agreed to suspend their trade dispute over government subsidies to Boeing Co. and Airbus SE, significantly easing trade tensions amid a broader effort to improve trans-Atlantic relations. The agreement would suspend for five years tariffs that have been authorized by the World Trade Organization, U.S. Trade Representative Katherine Tai told reporters on Tuesday. Defusing the aircraft trade fight would mark a tangible achievement for his week of European diplomacy. Setting aside trans-Atlantic differences on the aviation dispute allows the allies to jointly focus on China. “Instead of fighting with one of our closest allies, we are finally coming together against a common threat,” Ms. Tai said.
Persons: Katherine Tai, ” Ms, Tai, Ursula von der Leyen, Ms, von der Leyen, Biden, kenzo tribouillard, Donald Trump, Antony Blinken, Gina Raimondo, Trump, WSJ’s Jaden Urbi, George Downs, — Paul Hannon, Daniel Michaels, Andrew Restuccia, Doug Cameron Organizations: European Union, Boeing Co, Airbus, World Trade Organization, . Trade, EU . European, Twitter, Biden, Agence France, Seven, Boeing, Street, EU, U.S, WTO, Delta Air Lines Inc, Ryanair Holdings PLC’s Boeing, MAX, Ryanair Locations: BRUSSELS, The U.S, Brussels, China, Russia, Iran, U.S, Washington, France, Germany, doug.cameron
Boeing and Airbus Meet New Competition: Their Own Used Planes
  + stars: | 2021-06-14 | by ( Jon Sindreu | ) www.wsj.com sentiment -0.93   time to read: +1 min
Vaccination campaigns are finally giving airlines the visibility they need to buy jets again. This is of particular relief to Boeing , which back in July had about 100 of its 737 MAX planes in storage without an owner. Irish low-cost carrier Ryanair , which is known for scooping up cheap planes at moments of crisis, ordered 75 units last December. The MAX’s tarnished reputation gives Boeing a particular reason to prioritize sales over margins. But a broader factor also is at play, including for European manufacturer Airbus : It is extremely cheap to buy their planes—particularly bigger models—in the secondhand market.
Organizations: Boeing, United Airlines, Alaska Airlines, Ryanair, Airbus
Jailed Belarus journalist attends news conference in Minsk
  + stars: | 2021-06-14 | by ( ) www.reuters.com sentiment -0.99   time to read: 1 min
Opposition blogger and activist Roman Protasevich, who is accused of participating in an unsanctioned protest at the Kuropaty preserve, arrives for a court hearing in Minsk, Belarus April 10, 2017. REUTERS/Stringer/File PhotoJailed Belarus journalist Roman Protasevich appeared in front of reporters in Minsk on Monday at a press conference by local officials about the forced landing in Minsk of the Ryanair passenger plane on which he was travelling. He was shown on a Youtube live broadcast entering a conference hall without any obvious escort and taking a seat. Our Standards: The Thomson Reuters Trust Principles.
Persons: Roman Protasevich, Stringer Organizations: REUTERS, Ryanair, Thomson Locations: Minsk, Belarus
Belarus could be used as a Russian 'weapon' against NATO, Lithuania president says
  + stars: | 2021-06-14 | by ( Silvia Amaro | ) www.cnbc.com sentiment -1.00   time to read: +1 min
Russia is extending its influence into Belarus and could use it as leverage against NATO countries, Gitanas Nausėda, the president of Lithuania told CNBC in an exclusive interview Monday. "We see the military buildup of Russian forces in Ukraine, in [the] Kaliningrad region and of course we see what's happening in Belarus right now. Lithuania, a nation in the Baltic region, shares a border with Belarus and has been a member of NATO since 2004. The president has previously described the relationship between Belarus and Russia as another Crimea — in reference to Russia's annexation of the Crimean Peninsula from Ukraine in 2014. Previously, Moscow has criticized the deployment of NATO troops in Eastern Europe and separately Russia has denied involvement in the landing of the Ryanair flight in Belarus.
Persons: Gitanas Nausėda, , Nausėda Organizations: NATO, CNBC, Ryanair Locations: Russia, Belarus, Lithuania, Ukraine, Kaliningrad, Baltic, Crimea, Crimean, Greece, Latvia, Minsk, Moscow, Eastern Europe
Ryanair, Europe's largest budget airline, is expanding to more than 100 domestic routes this summer from 60 before the pandemic. It could move ahead of Alitalia on its home turf in the second quarter, according to consulting firm AlixPartners. "We are now moving to the next level" in Italy, by building outbound bases and moving into the "very significant" domestic market, Wizz Air CEO Jozsef Varadi told Reuters. Wizz is set to grow from zero to 10% of the domestic market this summer, AlixPartners said. "Since they have no competitors, the low-cost airlines do what they want," said Franco Gattinoni, chairman of major Italian travel firm Gattinoni.
Persons: Kacper, AlixPartners, Jozsef Varadi, Franco Gattinoni, Gattinoni, Eddie Wilson, Wilson, Michele Mauri, James Halstead, Fabio Lazzerini, Davy Stockbrokers, Stephen Furlong, Furlong Organizations: Air Airbus, London Luton Airport, REUTERS, Alitalia, Ryanair, Italia, European Commission, Wizz, Reuters, Air, Lufthansa, Ryanair DAC, Ryanair Group, AlixPartners, Aviation, ITA, Thomson Locations: Luton, Britain, Rome, Italy, Milan, EU, Italian, AlixPartners Italy, Europe
Jailed Belarusian journalist Roman Protasevich appeared at a news conference in Minsk on Monday saying he felt fine and had not been beaten, in what the opposition said was another public appearance made under duress. Protasevich has made several appearances since his plane was forced to land in Minsk while on a May 23 flight from Greece to Lithuania via Belarusian air space. And the regime is using him as a trophy," Franak Viacorka, a senior adviser to exiled Belarusian opposition figure Sviatlana Tsikhanouskaya, wrote on Twitter. 1/4 Opposition blogger and activist Roman Protasevich, who is accused of participating in an unsanctioned protest at the Kuropaty preserve, arrives for a court hearing in Minsk, Belarus April 10, 2017. Protasevich's arrest and the forced diversion of the Ryanair plane sparked uproar in the West, feeding calls for tougher sanctions to be put on Lukashenko's government.
Persons: Roman Protasevich, Protasevich, Alexander Lukashenko, let's, Sviatlana Tsikhanouskaya, Stringer, Kafka, Orwell, Lukashenko Organizations: Ryanair, Twitter, REUTERS, Thomson Locations: Belarusian, Minsk, Greece, Lithuania, Belarus
A prominent opponent of Belarus' authoritarian president Roman Protasevich attends an opposition rally in Minsk, Belarus, Sunday, March 25, 2012. Belarusian President Alexander Lukashenko emerges from the polling booth after marking his ballot in Belarus' national referendum in Minsk, Belarus. But the August elections proved to be an inflection point of massive consequence for Protasevich, Lukashenko, and the future of Belarus. In this Sunday, July 19, 2020, file photo, Sviatlana Tsikhanouskaya, candidate for the presidential elections, reacts during a meeting with her supporters in Minsk, Belarus. In this Aug. 10, 2020, file photo, protesters carry a wounded man during clashes with police in Minsk, Belarus.
Persons: Alexander Lukashenko, Roman Protasevich, Lukashenko, Rachel Denber, Protasevich, Sofia Sapega, Franak, Svetlana Tikhanovskaya, Viačorka, Sapega, Weeks, Denber, Hanna Liubakova, Protasevich's, wasn't, Oleg Nikishin, Sergei Tikhanovsky, Tikhanovskaya, Sviatlana Tsikhanouskaya, Sergei Grits, Tikhanovskaya's, Vladimir Putin, Putin, He's Organizations: Human Rights, Central Asia Division, Ryanair, Passengers, KGB, Twitter, Telegram, New York Times, AP, European Union, Commission, Coordination, Tikhanovskaya, Rights, EU, US Foreign Relations, Viačorka, Belarus — Locations: Eastern Europe, Belarus, Europe, Athens, Greece, Vilnius, Lithuania, Minsk, Belarusian, Sapega, Poland, Warsaw, NEXTA, Soviet, United States, Korea, EU
Crisis-hit EU airlines seek 'more balanced' passenger rights
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
Airlines for Europe (A4E), which represents the region's biggest carriers, said the so-called EU261 regulation had severely exacerbated the financial crisis for many airlines. "We're looking for a more balanced approach to consumer protection," Air France-KLM Chief Executive Ben Smith said, adding that the European Union's passenger rights law was "one of the most punitive" in the world. The European Commission indicated it was not ready to consider any weakening of passenger rights. "We have always tried to strike the right balance between consumer protection and the protection of the tourism and transport industry," an EU official said. "The continued and improved protection of passenger rights is crucial to ensuring the necessary consumer trust in the transport sector."
Persons: Christian, Ben Smith, Smith, Johan Lundgren Organizations: Air, Air France Airbus, Charles, REUTERS, Christian Hartmann, Airlines for, Air France, KLM, Lufthansa, Ryanair, European Commission, EU, Thomson Locations: Air France, Gaulle, Roissy, Paris, France, Airlines for Europe
A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit TessierAirbus (AIR.PA) and Air France-KLM (AIRF.PA) have urged policymakers to use EU-backed green stimulus funds to support aircraft sales, according to documents released on Thursday by InfluenceMap, an investor-led climate lobbying watchdog. "Support could take the form of a 'green stimulus' subsidy scheme," according to an Air France-KLM "key messages" digest dated March 26. Another BNP-led demand for climate lobbying disclosures by Delta Air Lines (DAL.N) has been endorsed by influential proxy advisers ISS and Glass Lewis ahead of next Thursday's shareholder meeting. "The idea that we have 'actively lobbied' against EU climate policies to reach these targets is false," A4E said.
Persons: Benoit Tessier Airbus, InfluenceMap, Frans Timmermans, Glass Lewis, A4E Organizations: Airbus, REUTERS, Air France, KLM, European Commission, Exxon, BNP, Airlines, Delta Air Lines, Industry, Airlines for, Lufthansa, Ryanair, SAF, EU, Thomson Locations: Blagnac, Toulouse, France, Air France, Paris, Brussels, United States, Europe, Airlines for Europe, COVID
Ryanair wins court challenge against German state aid for Condor
  + stars: | 2021-06-09 | by ( Foo Yun Chee | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A Ryanair plane taxis at Lisbon's airport, Portugal September 27, 2018. REUTERS/Rafael Marchante/File PhotoBRUSSELS (Reuters) -Ryanair on Wednesday won its challenge against state aid granted to virus-hit German charter airline Condor, marking its third victory in its fight against billions of euros in support granted to its rivals as Europe’s second-top court annulled a regulatory decision. The Luxembourg-based General Court, however, said that Condor would not be required to repay the German aid for now due to the COVID-19 pandemic and pending a new decision by the European Commission. “The General Court annuls the Commission decision approving the state aid granted by Germany to the airline Condor Flugdienst on the ground of an inadequate statement of reasons,” the Court said. The EU executive last year cleared a 550-million-euro ($670 million) German state-guaranteed loan to Condor, saying the measure complied with the bloc’s state aid rules.
Persons: Rafael Marchante, Condor Organizations: Ryanair, REUTERS, Wednesday, Condor, European Commission, annuls, EU, Commission Locations: Portugal, BRUSSELS, Luxembourg, Germany, EU
UK launches action against Ryanair, British Airways over refunds
  + stars: | 2021-06-09 | by ( Paul Sandle | Sarah Young | ) www.reuters.com sentiment -0.84   time to read: +2 min
LONDON (Reuters) -Britain’s competition authority said on Wednesday it was launching enforcement action against Ryanair and British Airways over their failure to offer refunds to passengers who were barred from taking flights under lockdown rules. During COVID-19 lockdowns across Britain, instead of offering refunds to those legally unable to fly, IAG-owned British Airways offered vouchers or rebooking and Ryanair providing the option to rebook. British Airways said it had acted lawfully at all times. Both airlines said they had offered their customers flexible booking policies and British Airways said it had issued more than 3 million refunds since the beginning of the pandemic. The watchdog’s enforcement action could lead to court proceedings if a company persistently fails to comply with the its directives.
Persons: Andrea Coscelli, ” Coscelli Organizations: Ryanair, British Airways, Markets Authority, CMA Locations: Britain, COVID
UK launches action against Ryanair and BA over refunds
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com + 0.86   time to read: +1 min
Slideshow ( 2 images )LONDON (Reuters) - Britain’s competition authority said on Wednesday it was investigating whether Ryanair and British Airways had broken consumer law by failing to offer refunds for flights customers could not legally take during the COVID pandemic. “Customers booked these flights in good faith and were legally unable to take them due to circumstances entirely outside of their control. Ryanair said it welcomed the CMA’s update on its review of airline policies on refund requests made by UK consumers whose flights operated during periods of lockdown. “Ryanair has approached such refund requests on a case by case basis and has paid refunds in justified cases,” it said. “Since June 2020, all our customers have also had the ability to rebook their flights without paying a change fee and millions of our UK customers have availed of this option.”
Persons: Andrea Coscelli, Organizations: Ryanair, British Airways, IAG, Markets Authority, CMA Locations: Britain
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