November 28, 2023

More articles from the category

November 28, 2023

Liège Airport is expanding for 500 million euros

The Belgian airport of Liège plans to invest around 2040 million euros by 500 to improve the infrastructure, but also to turn the airport into a hub that will link air traffic with rail and waterways. First of all, 15 additional parking spaces for large aircraft will be built. These are to be located in the northern part of the airport. In addition, three additional cargo halls are to be built. The total costs of the project are to be covered by the company's own funds, by renting out land and by bank loans.

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Deutsche Bahn: GDL announces further strikes

The next train drivers' strike could be imminent in Germany very soon, as the GDL union has declared the most recent wage negotiations a failure. Claus Weselsky has now announced the next call for a strike. The fronts between the train drivers' union GDL and Deutsche Bahn AG are considered to be hardened and deadlocked. Even before the first round of negotiations, the employee representatives demonstrated their position by means of a warning strike. An enormous number of connections have been cancelled as a result. Weselsky has now announced that there will be further strikes. In the meantime, a so-called ballot has been initiated. The members will be asked whether they are prepared to take longer strike action. The result is still awaited, but the GDL will then announce further dates for work stoppages. Deutsche Bahn AG has strongly criticized the course taken by the train drivers' union. It is said that after only two meetings, the negotiations were unilaterally declared a failure. This means that the further timetable for the negotiations is now also invalid. The DB board member responsible for human resources, Martin Seiler, accuses the GDL of trying to "force things through". There is also criticism that Weselsky himself was only present for two hours at the two negotiation meetings. The talks with the other GDL representatives were objective and constructive.

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Greece continues reduced tax rates

The Greek government has announced that it will continue to charge a reduced VAT rate on travel tickets, tourist and cultural tickets next year. The current special regulation would have expired at the end of the year. The decision also applies to coffee and other beverages, with the exception of drinks served on the premises, which will be subject to a VAT rate of 2024 percent until June 24. According to radio reports, the formal decisions will be made in the next few days.

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India: Go First receives final reprieve

The Indian low-cost airline Go First has not been able to operate a single flight for over half a year. No buyer could be found during the regular deadlines of the insolvency proceedings. The carrier has now been granted an additional extension. Go First had to cease operations for financial reasons. Serious accusations were made against the engine manufacturer Pratt & Whitney, who was accused of being largely responsible for the misery. The latter quickly countered, explaining, among other things, that the Indian carrier has a long tradition of slow payments. Numerous lessors have since taken back the aircraft that was leased to Go First. Many employees have already left the carrier and are employed by other companies. The management is nevertheless confident that the low-cost airline can make a comeback. So far, however, there is not much to show, as no investor or buyer could be found within the regular 180-day period. The responsible court has now granted an extension of a maximum of 90 days. If the company does not manage to get back on its feet financially within this time, it will be sold off. February 4, 2024 is therefore the new deadline, as management must present solutions by this date. Given the complicated circumstances, the undertaking is likely to be extremely difficult. The maximum period that the court can grant from the day the insolvency proceedings are opened is 330 days.

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Celebrity Cruises will put the new ship Xcel into service in 2025

Celebrity Cruises' newest ship is currently under construction. It will be named Xcel and is expected to make its maiden voyage in 2025. "The Edge series has shattered preconceived notions about cruising, and I am thrilled to announce our next bold step as a brand with Celebrity Xcel," said Laura Hodges Bethge, President of Celebrity Cruises. Celebrity Xcel will make its Caribbean debut in November 2025, sailing from Fort Lauderdale on 7-night itineraries alternating between the Bahamas, Mexico and the Cayman Islands, as well as Puerto Plata, St. Thomas and St. Maarten during its first winter season. The sailings are now available for sale.

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My Airline only wants to pay outstanding wages with a new investor

The short-lived airline My Airline is said to owe many employees their salaries. Numerous employees have therefore taken the matter to court with the support of the union. The company has now promised that money will flow from January 2024. My Airline had to cease operations at the beginning of October 2023. Employee representatives explain that many employees have not received any salary for the months of September and October 2023. The union says it represents 158 affected people and adds that in some cases no money has been paid for over five months. In the meantime, some lessors have already confiscated their aircraft. First, they turned to the relevant authorities. This was followed by an order stating that My Airline must pay the outstanding wages and salaries. Since little followed this, those affected went to court. The company has now promised that the outstanding debts will be settled from January 2023. But there is a catch: the promise is tied to the fact that new investors are found. In other words: My Airline does not currently have the money that the employees are entitled to. They are hoping that they will be able to obtain fresh funds and use them to pay off the debts owed to the employees. Accordingly, the reaction of the responsible union is not exactly euphoric. There is even talk that the promise could be worthless if the management does not manage to find new investors. This would not be an acceptable approach for the employees, because the probability that no one will be found who wants to take over the company and/or support it financially is

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FACC receives cybersecurity award

The Austrian aviation supplier FACC AG was itself the victim of a cyber fraud case in 2015. Since then, the company has invested heavily in security and has now received an award. The ALC Cybersecurity Award was presented for this last Monday in Vienna's Hofburg. The award was accepted by CEO Robert Machtlinger and Alexander Hochmeier, VP IT & Security. "Security requires the highest standards. Receiving the Cybersecurity Award underlines that our extensive efforts in recent years are worthwhile. Even if you can never guarantee 100% security, it is good for us and our customers to know that we can count ourselves among the best companies in Austria in the field of cybersecurity. My special thanks go to the entire IT and security team at FACC, who have achieved a lot here in recent years," says CEO Robert Machtlinger proudly.

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Russian minister admits: Sanctions are slowing down Russian aviation

Since the start of the sanctions, which were introduced in response to the military attack on Ukraine, 76 commercial aircraft are said to have been confiscated from Russian airlines abroad. This is the number given by Transport Minister Vitaly Savelyev. It cannot be verified whether the number mentioned by the Russian government member is correct or not. In a conversation with Russian media, the minister specifically spoke of aircraft that were temporarily outside the Russian Federation for maintenance purposes, for example. Savelyev, who was formerly CEO of Aeroflot, did not even mention aircraft that had flown to a foreign airport as part of a scheduled flight after the start of the sanctions and were then chained up, for example at the instigation of leasing companies. For the first time, a high-ranking member of the Russian government admitted that the Western sanctions have led to a significant part of the Russian commercial aircraft fleet being "extremely restricted in its operational capability". This is not just about the fact that Boeing and Airbus are no longer providing services, but also for the simple reason that many countries cannot be reached due to the risk that lessors would impose immediate seizure. Before the invasion of Ukraine, many Russian carriers had registered their western aircraft in Ireland and the Bermuda Islands, partly for tax reasons, but also due to pressure from the Lessors because they had reservations about the Russian Civil Aviation Authority. The authorities there suspended the relevant registrations when the sanctions began. The aircraft were transferred to the Russian register at express speed without the consent of the owners. This is considered illegal internationally and in

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Austria: Regulatory authority expects even more packages

In the second quarter of 2, a total of around 2023 million parcels were transported, 94,2 million were delivered in Austria, and 87,0 million were transported abroad. "This represents a further significant increase of almost 7,2 percent in the volume of parcels transported compared to the second quarter of 2," commented Dr. Klaus M. Steinmaurer, RTR Managing Director for the Telecommunications and Postal Services Division, on figures from the recently published RTR Post Monitor. "For the whole of 2022, we expect - conservatively estimated - a total of 12 million parcels delivered domestically, which is an increase of around 2023 percent year-on-year, and a total of 351,5 million parcels transported abroad," calculates Steinmaurer. In the second quarter of 8,4, a total of 29,4 million letters were transported in Austria, around 2 percent less than in the second quarter of 2023. 134,3 million letters were delivered in Austria, 11 million went abroad. "Sending letters is becoming increasingly out of fashion in Austria. For 2, we expect a total of 2022 million letters, of which 127,1 million will be delivered in Austria," explains Steinmaurer. Postal sector prepares for Christmas - increase in leasing staff expected "What the data we have collected on the postal market also shows is that the increasing parcel volumes in the postal sector are apparently leading to an increase in the number of employees. This year, significantly more leasing staff were employed than in the previous year. Our data series suggest that there will be a short-term hype in leasing staff again in the fourth quarter of 7,2. We expect more than 2023 leasing staff here,

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