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☆ The Concorde made its final flight over 20 years ago and supersonic air travel has yet to return. Here's a look back at its incredible history.
▼ + stars: | 2024-05-15 | by ( David Slotnick | Talia Lakritz | Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Co-developed by Britain and France, Concorde was the first and only supersonic commercial airliner. British Airways operated its final commercial Concorde flight in 2003, ending its 27-year career. AdvertisementFor a fleeting 30 years during the 20th century, supersonic commercial air travel was a reality. That day, British Airways operated its last commercial Concorde service from JFK International Airport to London Heathrow. Thus, it would be the Concorde's last ever commercial flight in a career that started in January 1976.

Persons: — Organizations: British Airways, Concorde, Service, JFK International, London Heathrow, Air France, Business Locations: Britain, France, Concorde, London

☆ Opinion: I’m a flight attendant. You need to get over your reclining seat rage
▼ + stars: | 2024-05-09 | by ( Opinion Heather Poole | ) edition.cnn.com time to read: +6 min

While I dread these altercations, I think some passengers need to chill out — people have the right to recline their seat. So, you’d think that 150 lighter seats per flight will certainly save an airline a ton of money. A lighter seat that doesn’t recline is also a seat that is less likely to break, which saves an airline money in repairs. But after 28 years in the job, I’ve found there’s some basic reclining etiquette that makes for a smoother flight for everyone. But on coach, middle seat passengers struggle to type because there’s no arm space.

Persons: Heather Poole, Read, ”, Coke, “, he’s, you’ll, “ I’ve, aren’t, I’ve, it’s, Shaquille O’Neal Organizations: Passengers, CNN, Air, American Airlines Locations: London, New York, Air France, Europe

☆ A Boeing 787 full of passengers was stranded in Canada's deep north after a burning smell forced an emergency landing
▼ + stars: | 2024-05-08 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

An Air France plane diverted after a burning smell was detected in the cabin. The airline had to cancel a different flight to reroute a Boeing 777 to rescue the passengers. AdvertisementAir France has been working to get passengers back on track after their plane made an emergency landing in the deep north of Canada on Tuesday. The Boeing 777 was scheduled to fly from Montreal to Paris, but that flight was canceled. Nearly 11 hours after the passengers had landed in Iqaluit, the 777 departed for New York.

Persons: — Organizations: Boeing, Service, CBC, New York, Seattle, Delta Air Locations: Air France, Canadian, Nunavut, reroute, France, Canada, Paris, Seattle, Iqaluit, Canada's Nunavut, Frobisher Bay, Montreal, New, New York

☆ Airlines That Offer 'Stopover' Programs, Some With Free Hotels
▼ + stars: | 2024-04-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +12 min

Airlines capitalize on this trend with "stopover" programs, some even offering free hotels and food. Airlines have jumped on this growing trend with built-in "stopover" programs, which can come with free or discounted hotels, excursions, transportation, and food at the layover destination. Essentially, you can't intentionally book a longer layover to quality for the free stopover hotel. Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty ImagesSingapore Airlines' stopover program is available via the multi-city tool, similar to other carriers, where travelers can add hotels, transfers, and activities. Urbanandsport/NurPhoto via Getty ImagesTurkish Airlines' stopover program gives economy travelers a one-night free hotel stay and business flyers a two-night free stay if the period between their connecting flights in Istanbul exceeds 20 hours.

Persons: —, Robert Smith, Markus Mainka, Liang Xu, Nicolas Economou, Thomas Mukoya, Suparat, Finnair, Shutterstock Icelandair, Marcio Rodrigo Machado, Bauer, Griffin, Alexi Rosenfeld, CHARLY TRIBALLEAU, Massimo Insabato, It's, Matheus Organizations: Service, Airlines, Travelers, An Air Canada Boeing, Getty Images Air, Air France, KLM Air France, KLM, Air, China Southern Airlines, China Southern Airlines Airbus, Getty Images China Southern Airlines, Copa Airlines AP Copa Airlines, Copa, Emirates, Emirates Airbus, Getty Images Emirates, Dubai Connect, Ethiopian Airlines Ethiopian Airlines, Reuters Ethiopian Airlines, Etihad Airways, Etihad Airways Airbus, Shutterstock.com Etihad Airways, Fiji Airways Fiji Airways, Shutterstock Fiji Airways, Iberia Airbus, Japan, Japan Airlines Boeing, Japan Airlines, Latam Airlines Boeing, Latam Airlines, Hotels, An Oman Air, Getty Images Oman Air, Qantas, Getty, JAL, Oneworld, Qatar Airways, Qatar Airways Boeing, Getty Images Qatar Airways, Royal Jordanian Airlines Royal Jordanian Airlines Boeing, Getty Images Royal Jordanian Airlines, Air Lines, Swiss International Air Lines Airbus, Getty Images Swiss, Singapore Airlines, Airbus, Getty Images Singapore Airlines, Portugal, TAP Air Portugal Airbus, TAP Air Portugal, Turkish Airlines, Turkish Airlines Airbus, Getty Images Turkish Airlines Locations: Getty Images Air Canada, Canada, Air France, Xinhua, Panama, Panama City, Emirates, Dubai, UAE, Addis Ababa, Abu Dhabi, Fiji, Australia, New Zealand, Pacific, Helsinki, Iberia, Iberia Airbus Iberia, Madrid, Icelandair, Reykjavik, Tokyo, Osaka, Kyoto, São Paulo, Brasilia, Fortaleza, Recife, Manaus, Curitiba, Belem, Oman, Muscat, layover, Bangkok, San Francisco, AFP, Switzerland, Singapore, Lisbon, Porto, Portuguese, Azores, Madeira, Istanbul

☆ A startup wants to fly passengers in its supersonic plane by 2029, but high costs and unproven technology have some experts raising their eyebrows
▼ + stars: | 2024-04-03 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Read previewColorado aerospace company Boom Supersonic is building the world's latest faster-than-sound passenger plane, called the Overture. This story is available exclusively to Business Insider subscribers. Related storiesBragg said a supersonic plane would be much more effective if it could be used on cross-country flights rather than just transoceanic. Boom told Business Insider it has seen a market appeal for the Overture as a corporate plane for sports teams. According to Boom, Overture will be able to fly Mach 0.94 over land, which is "20% faster than subsonic flight."

Persons: —, Boom, Michael Bragg, I'm, Bragg, There's, Henry Hardevelt Organizations: Service, Concorde, Business, Boom's, American Airlines, Japan Airlines, United Airlines, University of Illinois, Air, British Airways, Royce, Pratt & Whitney, Aviation Locations: Colorado, Air France

☆ TikTokers want to 'normalize' flying economy, arguing most influencers give way too much prominence to business class
▼ + stars: | 2024-03-28 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

AdvertisementTikTokers are striving to "normalize" flying in economy, fighting back against influencers who make out that first or business class is the only way to travel. "Normalize flying in economy," the content creator Hybee, who covers beauty and lifestyle, wrote as the caption of a recent video. Flying business class wasn't "worth the extra cost" to Elizabeth and her boyfriend, she said, because they would rather spend that money on the actual vacation. Advertisement"Don't let anybody make you feel bad for not flying business or first class, because we're all going to the same place anyway." While some noted that economy travel is already "normalized" because most people do it, others appreciated the candor.

Persons: —, influencers, Hybee, Influencers, Jessica Dante, Elizabeth Organizations: Travel, Service, Air France Locations: London, Detroit, Paris, Japan

Bilt, the company that awards points when you pay rent, adds Alaska Airlines as a transfer partner. However, Bilt will lose American Airlines as a points transfer partner in June 2024. Noteworthy Alaska Airlines partners include oneworld alliance partners American Airlines, British Airways, Cathay Pacific, Japan Airlines, Qantas, and Qatar. In addition to Alaska Airlines, Bilt partners with American Airlines, Aer Lingus, Air Canada, Avianca, British Airways, Cathay Pacific, Emirates, Air France-KLM, Hawaiian AIrlines, Iberia, IHG, Marriott, Turkish Airlines, Virgin Atlantic, United Airlines and Hyatt. Bilt and American Airlines will part ways in June, three years after their partnership initially began.

Persons: Bilt, — Organizations: Alaska Airlines, Alaska Airlines cardholders, American Airlines, Service, oneworld, British Airways, Cathay, Japan Airlines, Qantas, luxe, Air, Singapore Airlines, Mastercard, Aer Lingus, Air France, KLM, Hawaiian AIrlines, Turkish Airlines, Virgin Atlantic, United Airlines, Hyatt Locations: Alaska, Cathay Pacific, Qatar, Air Canada, Emirates, Air, Iberia, IHG, Marriott

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The information for the following product(s) has been collected independently by Business Insider: Wells Fargo Autograph Journey℠ Visa® Card. The new Point Transfer program launches April 4, and is available to all points-earning Wells Fargo credit cards, including the current Wells Fargo Autograph℠ Card. The Wells Fargo Autograph Journey℠ Visa® Card will be available for in-person applications at select Wells Fargo bank locations on March 9. Be the first to read our full Wells Fargo Autograph Journey credit card review here, or check out Business Insider's guide to the best travel credit cards, the best Wells Fargo credit cards, and other Wells Fargo products.

Persons: lifemiles, —, Wells, Wells Fargo Organizations: Business, Air France, KLM, British Airways Executive Club, AerClub, Read, Service, Airlines, British Airways Executive Club Iberia, Sapphire, Capital Locations: Iberia, Wells Fargo, Wells

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The information for the following product(s) has been collected independently by Business Insider: Wells Fargo Autograph Journey℠ Visa® Card. The new Points Transfer program launches April 4, and is available to all points-earning Wells Fargo credit cards, including the current Wells Fargo Autograph℠ Card. The Wells Fargo Autograph Journey℠ Visa® Card will be available for in-person applications at select Wells Fargo bank locations on March 9. Be the first to read our full Wells Fargo Autograph Journey credit card review here, or check out Business Insider's guide to the best travel credit cards, the best Wells Fargo credit cards, and other Wells Fargo products.

CNN —United Airlines said it will resume flights from the United States to Israel beginning in March. United is the first major US airline carrier to resume flights to Israel following the October 7 Hamas terror attack and ensuing war in Gaza. United said there will be some connecting flights from New York and Newark on March 2 and March 4 and the goal is to begin daily non-stop flights on March 6. “United conducted a detailed safety analysis in making this decision, including close work with security experts and government officials in the United States and Israel. Neither of the other major US airlines that historically offered flights to Israel, Delta and American Airlines, have resumed service yet.

Organizations: CNN — United Airlines, United, “, Air Line Pilots Association, Association of, Washington Dulles, Lufthansa, Austrian Airlines, Air, American Airlines Locations: United States, Israel, Gaza, United, New York, Newark, San Francisco, Washington, Chicago, Tel Aviv, Air France, Delta

☆ 5 airlines worth splurging on for the best first-class experience
▼ + stars: | 2024-02-19 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Jaclyn Sienna India travels often to scout airlines and locations for her luxury travel company. Air France, Emirates, and Qatar Airways are among the airlines that give her the best experience. Courtesy of Jaclyn Sienna IndiaAfter working there for five years, I wanted to bring that level of service to travel. EQRoy/ ShutterstockAir France’s first-class cabin, La Première, only has four seats per flight, and it feels like you're flying private. Like many of my other favorites, Singapore Airlines planes have room for double suites for couples and private suites with sliding doors.

Persons: Jaclyn Sienna India, —, Sienna Charles, I’ve, Le, I’m, we’ve, you’re, Jordan Tan, Shutterstock, There’s, Shutterstock I’ve Organizations: Air, Qatar Airways, Service, Air France Air France, France’s, Air France, . Emirates Emirates, Emirates, Singapore Airlines Singapore Airlines, Singapore Airlines, I’m, Etihad Airways Etihad Airways, Qatar Airways Qatar Airways, Shutterstock Qatar Airways Locations: Air France, Emirates, Beverly Hills, Philadelphia, Europe, Paris, New York, Milan, Dubai, India, Asia, Etihad’s

☆ Want to try this beef snack? Join the 43-year waitlist
▼ + stars: | 2024-02-17 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Taste of JapanIn Takasago City, Japan, a brand of frozen Kobe beef croquettes is so popular that the waiting list is longer than most mortgages. Bakery chain Kimuraya is advancing that further by using AI to produce “romance bread” targeted at the nation’s love-averse youth. The Japanese island of Kyushu is where sugar was first introduced to the country by the Portuguese in the 16th century. The island retains a sweet tooth to this day and is home to Japan’s most beloved sweet treats. Try to squeeze in as many as you can on a trip to the region.

Persons: Linda Ford, they’ve Organizations: CNN, JFK, JFK Airport, Air, Manhattan, Apple, City, Henley, of Locations: Japan, Takasago City, Kobe, Kyushu, Portuguese, Turkey’s, Georgia, Rize, Tokyo, Odawara, New, Air France, Paris, France, City of, Europe, Asia, of Malta, Superior, Costa Rica

☆ She arrived at JFK airport in 1971 and two men were waiting for her. Here’s how she ended up married to one of them
▼ + stars: | 2024-02-14 | by ( Francesca Street | ) edition.cnn.com time to read: +18 min

Linda arrived in New York City “in precisely the clothes I described.” At the airport, she glanced around, searching the throngs of people. Linda PorterThe dark-haired, mustachioed man “was George,” Linda soon realized. An introduction to New York CityLinda arrived in New York City excited to embark on a new chapter. Courtesy G. Porter and Dr. L. M. PorterLike Linda, George Porter was also a New York City transplant. Newly married, Linda – who took George’s name, becoming Linda Porter – returned to the US, once again landing in JFK airport.

Persons: John F, Linda Ford, Linda wasn’t, ” Linda, Linda, she’d, – she’d, “, ”, George, John Rooney, George Porter, –, who’d, they’d, Linda Dean, I’d, Linda Porter, Jean, Claude, Frenchman, ” Jean, “ George, New York City Linda, Porter, ” “, ” George, Linda –, he’d, “ Linda, George “, he'd, It’s, Penny, Patty, – “, Linda’s, George’s, Here's George, Porter “, we’d, Linda Porter –, Linda weren’t, ’, Max Burnell, CNN George, I’m, “ Jean Organizations: CNN, Kennedy International Airport, City University of New, CNN Travel, Kennedy International, JFK, Air, Air France, New, Riverside Park, Yorker, Atlantic Locations: JFK, City University of New York, United States, England, Paris, York City, “ New York, New York City, Air France, Southern, New York, Manhattan, Arkansas, George, Europe, –, Linda’s, midtown, NYC, Staten, of, Central Park, West Coast, “ But New York, Sevenoaks, Kent, Riverside, New Jersey, Switzerland

☆ Your next plane ride could be powered by used cooking oil. Here's how a refinery in Singapore is already helping to make it happen.
▼ + stars: | 2024-02-02 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Sustainable aviation fuel is an alternative to fossil-based jet fuel made from refining used cooking oil and waste animal fats. Further expansion efforts happening at Neste's renewable refinery in The Netherlands are anticipated to boost capacity to a whopping 2.2 million tons by 2026. The results indicated the company's readiness to incorporate renewable fuel into its fuel mix. The Association of Asia-Pacific Airlines (AAPA), comprising 14 member airlines, including Singapore Airlines, pledged to use up to 5% SAF by 2030. In 2024, Singapore plans to launch the Singapore Sustainable Hub Blueprint, aiming to bolster the market for SAF.

Persons: Kris LeBoutillier, he's, Sami Jauhiainen, Jauhiainen, Neste Organizations: SAF, Virgin, Neste, Aviation, Renewable Aviation, Research, ASTM, Jauhiainen, Innovation, Singapore Airlines, United Airlines, Air France, KLM, All Nippon Airways, The Association of Asia, Pacific Airlines, Insider Studios, Singapore Economic Development Board Locations: Finland, Singapore, Asia, London, New York City, Emirates, Tuas, Buffalo, Netherlands, Changi, Neste

☆ Air Traffic Climbs at Israel's Tel Aviv Airport in 2023 but War Weighs
▼ + stars: | 2024-01-21 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Steven ScheerJERUSALEM (Reuters) - Air travel to and from Israel plunged in the last three months of 2023 amid the Israel-Hamas conflict, but the number of passengers travelling through Ben Gurion International Airport near Tel Aviv still rose 10% in 2023. The number of international travellers reached 21.1 million in 2023, up from 19.2 million in 2022, the Israel Airports Authority (IAA) said in a report on Sunday. But since then, traffic has plunged, culminating in a 78% drop in November and 71% dive in December, the IAA said. Ryanair was third with a 5.4% share, although its number of passengers dipped 12% in 2023. In 2023, 3 million tourists visited Israel, up from 2.7 million in 2022.

Persons: Steven Scheer JERUSALEM, Ben Gurion, Oz, Israel . Bar Oz, Steven Scheer, Bernadette Baum Organizations: Ben Gurion, Israel Airports Authority, Palestinian, Hamas, IAA, Al Israel Airlines, Ryanair, Israel ., Airlines, Lufthansa, Swiss, Tel Aviv . Air France Locations: Israel, Tel Aviv, Gaza, El Al, United States, York's JFK, France, Britain, Austrian, Aegean

☆ Moms Who Fly Business Class With Babies Say It Doesn't Disturb Others
▼ + stars: | 2024-01-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +8 min

Business Insider spoke to two millennial moms who always fly business class with their babies. Magdelena, 2, has flown business class on over half of the flights she's been on since her birth. Whether babies should be allowed in business class has long been debated. Advertisement"That doesn't happen in economy," Arbelaez-Chujfi said, adding that "in business class, you feel like somebody is looking after you." Courtesy of Sara Arbelaez-Chujfi"I always tell my friends with kids that fly economy, let's say London to Bogotá.

Persons: they've, —, Magdelena, Sara Arbelaez, Chujfi —, Chujfi, She's, Lucy Cafferkey, Tom, Edward, Edward ., babysit, Cafferkey, there's, Lucy Cafferkey's, it's, she's, Mary Organizations: Service, Nails Inc, British Airways, Air France's Locations: London, Colombia, Mexico, Los Angeles, Air France, Bogotá, Paris

☆ 10 best ways to use Chase points for travel
▼ + stars: | 2023-11-29 | by ( Jennifer Yellin | Andrew Kunesh | ) edition.cnn.com time to read: +23 min

The Chase Sapphire Reserve and Chase Sapphire Preferred cards are currently offering 75,000 bonus points after you spend $4,000 in the first three months of account opening. These cards earn Chase Ultimate Rewards® points which are some of the most valuable and flexible travel rewards points out there. But before you apply, let’s take a look at some of the best ways to redeem Chase Ultimate Rewards points for travel. Best ways to redeem Chase Ultimate Rewards pointsYou can book KLM business class by transferring Chase points to Air France-KLM Flying Blue. Use the Chase Travel portal to book any flightBook flights on any airline with the Chase Travel portal.

Persons: , you’ve, Air Canada Aeroplan, Chase, Kyle Olsen, —, Holly Johnson, Ziva, Eliyahu Parypa, that’s, that’ll, You’ll, you’ll, United Chase, MileagePlus, Aeroplan, Singapore Airlines KrisFlyer, it’s, you’re Organizations: CNN, American Express, Chase Sapphire, Chase, Hyatt, United MileagePlus, Air Canada, Chase Travel, KLM, Air France, Blue, CNN, United Airlines, Aer Lingus AerClub Air Canada Aeroplan Air France, KLM Flying Blue British Airways Executive Club Emirates, JetBlue, Singapore Airlines, Rapid, United, Virgin Atlantic Flying, redemptions, you’ll, Southwest Airlines, British Airways, Images British Airways, Oneworld, Alaska Airlines, American Airlines, British Airways Executive Club, British Airways Executive, Miami . British Airways, British, Air Canada's, Air, Star Alliance, Minneapolis . Air, Midwest, Singapore Airlines ’, Aloha State, Iberia Airlines, Iberia Avios, Sapphire, Virgin Points, All Nippon Airways, All Nippon Airways One, Virgin Atlantic, ANA, Virgin, Virgin Atlantic Virgin Points Delta Air, Virgin Atlantic Virgin, Delta Air Lines, Chase Sapphire Reserve, Ink Locations: United, Japan, Iberia, Mexico, Bay, Jamaica, Cancun, Chicago, New York, United States, Caribbean, Washington, American, Alaska, Atlanta, Miami, Minneapolis, Minneapolis . Air Canada, Newark, Fort Lauderdale, Hawaii, East, Aeroplan, United Airlines, iStockphoto Hawaii, Los Angeles, Kona, Spain, Europe, United Kingdom, Madrid, Barcelona, Boston, Iberia Iberia, San Francisco, Tokyo, Amsterdam, Rome, Paris, Delta

It follows the successful transatlantic crossing by a Gulfstream G600 business jet using the same fuel last week. SAF is key toward reducing those emissions, but it is costly and accounts for less than 0.1% of total global jet fuel in use today. The fuel used to power Tuesday's flight is mostly made from used cooking oil and waste animal fat mixed with a small amount of synthetic aromatic kerosene made from waste corn, Virgin Atlantic said. Yet the 2030 target looks challenging given SAF's small volumes and its high cost, right now about three to five times as much as regular jet fuel. Virgin said the engines on the flight would be drained of SAF and tested before it returns to service using regular fuel.

Persons: Virgin, Richard Branson, Shai Weiss, Mark Harper, John F, Magdalena Heuwieser, Sarah Young, Joanna Plucinska, Tomasz Janowski Organizations: Virgin Atlantic, Virgin Boeing, Royce, Trent, Gulfstream G600, London Heathrow, Kennedy International Airport, Virgin, SAF, Boeing, BP, Aviation, British Airways, Air France, Union, Thomson Locations: London, New York, Dubai

☆ AirFrance-KLM invests in DG Fuels' US sustainable fuel production plant
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - French-Dutch airline AirFrance-KLM (AIRF.PA) has made a $4.7 million investment in DG Fuels' Sustainable Aviation Fuel (SAF) production plant in the U.S. state of Louisiana, a step towards its 10% SAF incorportation target for 2030. "Air France-KLM acquired an option to purchase up to 25 million gallons / 75,000 tons of SAF annually over a multi-year period beginning in 2029," the group said in a press release on Friday. Sustainable aviation fuels, which use waste such as cooking oils and have either net-zero CO2 emissions or lower CO2 emissions than kerosene, a fossil fuel, are seen as an option to curb air travel's carbon footprint. The European Union has adopted rules requiring flights departing from EU airports to carry a progressively increasing amount of SAF, starting from 2% of total fuel in 2025. Reporting by Stéphanie Hamel; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Persons: Stéphanie Hamel, Kirsten Donovan Organizations: AirFrance, KLM, DG Fuels, Aviation Fuel, SAF, France, European, Thomson Locations: U.S ., Louisiana

☆ How European airlines have hedged against fuel price increases
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +5 min

Spot Northwest European jet fuel prices were at $950 per metric ton on Monday, up 4% from before the assault. They also try to hedge against value changes in the U.S. dollar, in which jet fuel is priced. JET2 (JET2.L):The British leisure travel company said in July it had 81.8% of fuel hedged over the next 12 months. Lufthansa has hedged 74% of the fuel it expects to need for 2024 at an average price of $951 per ton. WIZZ AIR (WIZZ.L):The Hungarian carrier said in June it had hedged 62% of its 2024 fuel needs and 53% of the dollars it needs for that fuel.

Persons: Toby Melville, Vueling, IAG, Camilla Borri, Louis van Boxel, Woolf, Marta Frąckowiak, Milla Nissi, Edwina Gibbs Organizations: Heathrow Airport, REUTERS, Brent, U.S ., AIR FRANCE, KLM, Reuters, British Airways, LUFTHANSA, Lufthansa, NORWEGIAN AIR, RYANAIR, SAS, Thomson Locations: London, Israel, Ukraine, Franco, Dutch, Iberia, NORWEGIAN, Norwegian, Gdansk

☆ SAS secures $1.2 billion from consortium led by Castlelake, Air France for restructuring
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +2 min

The tail fin of a parked Scandinavian Airlines (SAS) airplane is seen on the tarmac at Copenhagen Airport Kastrup in Copenhagen, Denmark, July 3, 2022. The winning bidder consortium which also includes Air France-KLM (AIRF.PA), Lind Invest ApS and the Danish state, increased its proposed investment by $25.26 million. The airline's credit agreement for $505.25 million with Castlelake will be used to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, according to the statement. SAS's chief executive, Anko van der Werff, said: "By entering into this investment agreement, SAS is taking the next step in its Chapter 11 process in the U.S."The company now seeks U.S. Court approval of the investment agreement and the new debtor-in-possession financing as soon as possible in November. Castlelake and Lind Invest did not immediately respond to a request for comment.

Persons: Andrew Kelly, Lind, Castlelake, Anko van der Werff, Gursimran Kaur, Emelia Sithole, Philippa Fletcher, Ira Iosebashvili, Matthew Lewis Organizations: Airlines, SAS, Copenhagen, REUTERS, Scandinavian, Castlelake, Apollo Global Management, Air France, KLM, Lind Invest ApS, Air, U.S, Apollo Global, Lind Invest, Thomson Locations: Copenhagen, Denmark, Danish, Air France, U.S, United States, Bengaluru

☆ KLM cancels dozens of flights at Amsterdam airport due to storm
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: 1 min

AMSTERDAM, Nov 2 (Reuters) - Dutch airline KLM has scrapped dozens of flights to and from Amsterdam Schiphol airport on Thursday as storm Ciaran is expected to hit the Netherlands with wind gusts of up to 110 kilometres (68 miles) per hour. "We have decided to cancel all KLM flights to and from Schiphol from early afternoon until the end of the day," the Dutch arm of airline Air France KLM (AIRF.PA) said. Reporting by Bart Meijer; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Ciaran, Bart Meijer, Kim Coghill Organizations: Dutch, KLM, Air France KLM, Thomson Locations: AMSTERDAM, Amsterdam Schiphol, Netherlands, Schiphol

☆ European stocks mixed as investors assess global data, earnings; NatWest down 12%
▼ + stars: | 2023-10-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

European stocks had a mixed open Friday, with earnings and the state of the global economy keeping sentiment on edge. NatWest plunged as much as 17% near the open before trading around 12% lower on the prior session. Earnings on Friday are set to come from U.K. bank NatWest , airline group Air France-KLM and retailer H&M. Investors also remain focused on central bank messaging on "higher for longer" rates and economic indicators as bond yields remain elevated. The European Central Bank on Thursday held interest rates steady after an unprecedented run of 10 hikes.

Persons: Alison Rose, Christine Lagarde, Lagarde Organizations: NatWest, Authority, Deutsche Bank, Barclays, Air France, KLM, Investors, European Central Bank, CNBC, Federal Locations: Asia, Pacific, China

☆ Air France-KLM announces a 1.3 billion euros financing agreement with Apollo
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

A logo is seen on the facade of Air France-KLM building during the presentation of the group's annual results in Paris, France, February 17, 2023. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 26 (Reuters) - Air France-KLM (AIRF.PA) announced on Thursday a new financing agreement between one of its affiliate and funds and entities managed by Apollo Global Management (APO.N) in a bid to strengthen its balance sheet. The 1.3 billion euros ($1.37 billion) financing will be accounted as quasi-equity under IFRS accounting standards, the airplane carrier said in a statement. Apollo has an option to increase the nominal amount to up to 1.5 billion euros, Air France-KLM said. For Air France-KLM, this is the second cash injection from Apollo after a $560 million agreement in July.

Persons: Benoit Tessier, Victor Goury, David Gregorio Our Organizations: Air France, KLM, REUTERS, Apollo Global Management, Group, Thomson Locations: Air, Paris, France

Intra-European travel has been doing very well," said aviation analyst James Halstead, adding that limited planes meant ticket prices could stay high. Britain's easyJet (EZJ.L) said earlier this month it wanted to more than double profits and expand its fleet, even though fuel prices could mean higher ticket prices. Spot Northwest European jet fuel prices were at $957 per metric ton on Wednesday, up 5% from before the assault. JET FUELSome airlines have already warned that rising fuel costs will drive up ticket prices or dampen future earnings. He said ticket prices could go up by a mid-single digit percentage ahead of Christmas.

Persons: Charles de, Benoit Tessier, James Halstead, You've, Michael O'Leary, it's, Neil Glynn, Alexander Irving, Bernstein, Agata Rybska, Natalie Grover, Josephine Mason, Mark Potter Organizations: Lufthansa Airbus, Charles de Gaulle International Airport, REUTERS, Air France, KLM, Lufthansa, Air, Brent, JET, Ryanair, Air Control, Thomson Locations: Charles de Gaulle, Roissy, Paris, Israel, Palestinian, Europe, Air France, Ukraine, Gdansk, London

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