Ryanair will leave Skavsta, Sweden, mid-4Q21; can come back
Ryanair challenges Polish state aid worth 650 million euros to LOT
03.08.2021 – 13:15 UTC
Ryanair (FR, Dublin Int’l) has filed yet another complaint with the Court of Justice of the European Union (CJEU) against mainland airlines receiving state aid, this time targeting 650 billion euros ($ 772 million) in public funds that LOT Polish Airlines (LO, Warsaw Chopin) received, reported Puls Biznesu and Gazeta Wyborcza.
The Irish carrier has so far challenged aid to 20 airlines, which it says have received a total of 30 billion euros ($ 35.7 million). The European Commission approved the sum to LOT in December, to compensate it for losses suffered during the Covid-19 pandemic.
The aid will consist of a soft loan of 400 million euros ($ 475 million) from the Polish state-owned Development Fund (Polski Fundusz Rozwoju) and a capital injection of 250 million euros ( $ 297 million) through newly issued shares taken over by the Polish Treasury.
“We appealed the decision in the LOT case to the CJEU in early July. The case is pending. The next step is the response of the European Commission and probably the …
Ex-IndiGo, the leaders of Jet Airways join the start-up “Indian Ryanair”
01.08.2021 – 23:47 UTC
Aditya Ghosh, president of IndiGo Airlines (6E, Delhi Int’l) for ten years from August 2008 to July 2018 and known during that time as one of India’s most successful airline executives, will join a plans to launch a new airline with up to 70 planes under the Akasa Air nickname, multiple sources told The Economic Times.
He will work with Indian billionaire investor Rakesh Jhunjhunwala and former Jet Airways (JAI, Mumbai Int’l) CEO Vinay Dube to establish the airline, using Ryanair’s (FR, Dublin Int’l) business model as inspiration. , the sources mentioned.
Ghosh was first general counsel for InterGlobe Enterprises, owner of IndiGo, for four years before becoming president of IndiGo, making the neophyte carrier the country’s largest airline in terms of market share. Since leaving, he has been a board member of a variety of companies, none of them in aviation, and completed an advanced management program at Harvard Business School.
However, one of the sources said that Ghosh will hold a stake of less than …
Brussels re-approves € 525 million German state aid to Condor
29.07.2021 – 01:13 UTC
The European Commission has re-approved the 525.3 million euro (US $ 620 million) German bailout of Condor (DE, Frankfurt Int’l), after the European Court rejected an earlier approval following a challenge of Ryanair (FR, Dublin Int’l).
The measures would allow Berlin to compensate the charter carrier for losses directly suffered as a result of travel restrictions imposed due to the COVID-19 pandemic, EC Executive Vice-President Margrethe Vestager said in a statement. .
The Commission’s new approval comes after Ryanair obtained the European Union General Court’s overturn of an earlier EC decision. Under its terms, the Commission had approved compensation to Condor for the period March 17 to December 31, 2020, in the form of two loans, with a nominal amount of € 550 million (US $ 648.6 million). and an aid amount of 267.1 euros. million ($ 314.9 million), based on damage estimates. The new decision was based on the actual damage suffered. Condor will reimburse anything over the actual amount, plus interest.
The Irish low-cost company has also sought to cancel Lufthansa’s rescue plans …
Swedish Amapola Flyg wins Irish PSO contract for Donegal
26.07.2021 – 06:42 UTC
Amapola Flyg (HP, Stockholm Arlanda) won the Public Service Obligation (PSO) air services contract for the Dublin Int’l route to Donegal and vice versa after it was left vacant as a result of the collapse of Stobart Air (RE, Dublin Int ‘l) in June.
An Irish government statement said the Swedish regional carrier would use a Fokker 50 to make the route twice a day, every day from July 26.
“I am pleased to announce that Swedish operator Amapola has won the seven month contract to operate on the government funded Donegal – Dublin PSO route,” said Transport Minister Eamon Ryan. “In order to ensure continuity of service on the Donegal Road after the expiration of this temporary contract, I plan to launch a new procurement process this summer to provide for a longer term contract of up to four years on the road.
Amapola Flyg operates a fleet of twelve Fokker aircraft split evenly between Fokker 50 passenger propellers and Fokker 50 cargo ships. It currently operates seven PSO routes in …