Welcome to our weekly aviation business briefing for the week beginning Monday 16 October 2017.
Air Berlin confirmed last week that it is to suspend operations from Saturday 28 October 2017. The airline has already suspended long-haul operations. Its frequent flyer programme TopBonus, which operated as a separate legal entity, had also closed. Flights operated by NIKI will continue. easyJet announced late on Friday afternoon that negotiations are still underway for it to acquire a substantial part of Air Berlin’s operation at Berlin Tegel airport. Lufthansa is due to acquire a substantial number of Air Berlin aircraft and its subsidiaries Niki and LG Walter. It is now something of a given that the Air Berlin brand will not survive. Oneworld has yet to announce when Air Berlin will leave the alliance. For legal reasons, it may not officially leave the alliance until some time after it has suspended operations (this was the case with former member Mexicana). Continue reading “Monday Briefing: 16 October 2017”
The big story last week was of course the collapse of Monarch (Financial Times) which now joins bmi British Midland, Flyglobespan, XL Airways, and Zoom in the great airline graveyard in the sky. The Civil Aviation Authority fielded an impressive rescue to operation to bring passengers back to the UK. As of Saturday 7 October 56,000 Monarch customers have returned to the UK.
It now falls on KPMG to complete the administrative process. As no buyer could be found, it is near certain that the Monarch brand will not take to the skies again.
Here’s the first of our weekly round-up of aviation business news, published every Monday at 07:00 UK time.
A major theme in European aviation this year has been another wave of consolidation in Europe. This time it has been forced by Air Berlin, Alitalia and Monarch entering into administration procedures. easyJet, International Airlines Group, Norwegian and WizzAir have all been identified as potential buyers for Monarch’s short-haul business. However, the main value to these airlines will be its slot portfolio at London Gatwick. Full details of the Civil Aviation Authority’s plans to bring stranded passengers back to the UK are on its website.