January 26, 2023

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January 26, 2023

Ex-Etihad boss Douglas is already gone again at Ria

Former Etihad Airways boss Tony Douglas did not last long at the new Riyadh International Airlines. Just a few weeks after taking office at Ria, he has already vacated his chair. Douglas became Chief Executive Officer of Etihad Airways in 2018 and moved to the new company in Saudi Arabia last year. He was considered the preferred candidate, although he was unable to fulfill the hopes placed in him in the Emirates. The manager was tasked with making Etihad profitable again, but that was not the case between 2015 and the first half of 2022. At Ria, which, at least on paper, had not yet been founded as an airline, it was an extremely short stint. The usually well-informed magazine "Arabian Business" reports, citing people familiar with the matter, that Ria and Douglas are going their separate ways again. Thus, the manager has left Saudi Arabia's planned major airline after just a few months. The reasons are currently not publicly known. The government of the desert state intends to use the Public Investment Fund to build a new airline. This will operate from Riyadh. Around 30 billion US dollars will be invested in a new network carrier that will be able to compete with Etihad, Qatar and Emirates. Now the company must look for a new managing director.

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Bergamo: Neos leases Boeing 737-800 from ETF Airways

The Croatian ETF Airways will fly for the Italian airline Neos as part of a wet lease agreement. The Boeing 737-800 aircraft, including its crew, will be stationed at Bergamo Airport and will serve various Neos routes from this airport in the 2023 summer flight schedule. The contract period is initially limited to the warm season of 2023.

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Trend: Almost every second vacationer books all-inclusive

In recent years, there has been repeated discussion about whether all-inclusive holidays are still up to date in terms of sustainability and environmental protection. However, customers seem to have a clear view, because according to tour operators, all-inclusive offers are in greater demand than ever before. The reason behind this is probably that many people want to protect themselves in view of the recent price increases in everyday life. You pay one price and have pretty much all drinks and food included during your stay. Sales have increased massively not only in "classic AI countries" such as Egypt or Turkey, but also in other countries. Some hotels are not introducing all-inclusive until the upcoming summer season - probably also due to pressure from tour operators. The Tui Group says it offers around 6.000 accommodations with AI. It has never had so many in its portfolio in the entire history of the company. Numerous hotels will be offering all-inclusive packages for the first time in summer 2023. The tour operator believes that holidaymakers are relying on "full cost control on holiday" precisely because of the rising prices in everyday life. To put it simply: travelers want to protect themselves against any additional costs at the holiday destination with the all-inclusive price, which includes all food and drinks. Tui Germany boss Baumert admitted to the FAZ that average prices for the 2023 summer season have risen. This circumstance is also likely to contribute to the fact that more all-inclusive trips are being booked. The share of these is now around 50 percent and even higher in Egypt and Turkey.

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MDF AG extends with service provider Klüh

Mitteldeutsche Flughafen AG, which is behind the Leipzig/Halle and Dresden airports, has extended an existing service contract with the company Klüh for five years. In Leipzig/Halle, this company provides security services in various areas. In Dresden, it is also active in parking space monitoring and baggage cart services.

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Aircraft not accepted: AerCap loses lawsuit against Laudamotion

The lessor AerCap, based in Dublin, Ireland, has suffered a legal defeat in the London High Court against Ryanair and its Austrian subsidiary Laudamotion. The case concerned four Airbus A320s that had not been taken delivery of in 2020 due to the coronavirus pandemic. The dispute was over a sum of around 7,4 million euros. AerCap took the view that the money was due as compensation for lost leasing income and other expenses. However, the High Court rejected this. However, claims made by Ryanair and Laudamotion in the course of the proceedings were also rejected. The Austrian company Laudamotion no longer operates as an airline. The AOC and operating license were returned at the end of 2020. A Ryanair subsidiary, which was newly established at the time and is based in Pieta, Malta, is active under the name Lauda Europe. This company took over the leasing fleet, which was previously registered on the Laudamotion AOC, and registered it in Malta. The four Airbus A320s that were being tried in court in London were supposed to be handed over to Laudamotion in 2020. The contracts would have had a term of 60 months and were signed in July 2019 by the Laudamotion management. Ryanair was involved in this process because it acted as a financial guarantor. The A320 with the serial number 3361 was supposed to be handed over to the then Austrian carrier in May 2020, but the acceptance was not completed, just like the three other examples that were scheduled for June 2020. Laudamotion was already a customer of AerCap before these disputed contracts. Here, too, Ryanair acted as a guarantor for

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VIE board advises again not to accept the IFM offer

After the Austrian Ministry of Economic Affairs gave the green light for the Australian pension fund's planned increase in shares in Flughafen Wien AG, the airport's management board is again advising shareholders not to accept the offer. As early as August 17, 2022, the management and supervisory board spoke out against the Australians' plan. The core argument is that the amount offered per share is too low. Now, in a statement, it is also written that this is all the more true since Flughafen Wien AG is debt-free for the first time in decades and a net result of around 2023 million euros is forecast for 150. A possible impending withdrawal from stock trading (delisting) is also considered to be not in the company's interest.

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