Shortly after 10 p.m. in Frankfurt, Peter Meany settled into his seat on Qantas Airways Ltd. flight QF6, looking forward to reuniting with his family in Sydney for his son’s birthday after a two-week business trip across Europe.
Michael O’Leary, who built Ryanair Holdings Plc into Europe’s biggest discount airline over two decades, pledged to stay another five years and render its dominance complete as competitors exit short-haul flying.
A group of Turkish builders led by Limak Holding AS won the bid to operate Istanbul’s new airport for 25 years, beating three other parties with its 22.13 billion-euro ($29 billion) offer, as Turkey aspires to create an aviation hub to rival booming operations in the Middle East.
Aer Lingus Group Plc, Ireland’s national carrier, said it’s working on plans to fly short-haul routes for major European airlines keen to exit unprofitable services while retaining feeder traffic to their hubs.
Etihad Airways PJSC’s purchase of a 24 percent stake in Jet Airways (India) Ltd. boosts its position in a high-growth market that’s being targeted by new entrants including AirAsia Bhd. as the state invites foreign investment.
London Heathrow airport is close to completing a 2.5 billion-pound ($4 billion) building project that seeks to boost service standards and repel the challenge of fast-growing rivals to a hub with little scope for more flights.
Virgin Atlantic Airways Ltd.’s new chief executive officer has given himself two years to cut costs and restore Richard Branson’s best-known brand to profitability without damaging its reputation for doing things differently.