Challenges and Chances Ahead for Greece’s Coastal Shipping

By admin 11 Αυγούστου 2021 No comment

Greece’s coastal shipping sector suffered a blow in the last year due to the ongoing Covid-19 pandemic with the renewal of its fleet being an urgent priority, said the 2021 Greek shipping report released this week by XRTC Business Consultants. According to the report’s findings, fleet renewal will cost shipping companies nearly 3 billion euros in the next

EasyJet Says ‘Yes’ to Five-year Loan Facility

By admin 11 Ιανουαρίου 2021 No comment

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Photo source: easyJet PLC British low-cost carrier easyJet PLC agreed to a new 1.87 billion dollar five-year term loan with a syndicate of banks which will boost company liquidity in the aftermath of Covid-19. The airline added that it would repay and cancel part of its shorter-term debt in the first quarter of the year, […]

Billionaire Shareholder Saves the Day for Ailing Lufthansa

By admin 25 Ιουνίου 2020 No comment

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German carrier Lufthansa was saved at the 11th hour on Wednesday, after its top shareholder stepped in backing a 9-billion-euro rescue package put up by Germany’s Economic Stabilisation Fund (WSF). German billionaire Heinz Hermann Thiele told Frankfurter Allgemeine Zeitung newspaper that he would “vote for the agreement” one day before today’s extraordinary general

PwC: Economic Impact of Covid-19 Key Concern for Top Execs

By admin 23 Ιουνίου 2020 No comment

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Top executives worldwide are concerned about the impact of Covid-19 on the economy and fear a second wave of the virus, a study conducted by services provider PwC revealed this week. PwC surveyed 989 CFOs in 23 countries as companies worldwide resume operations and employees gradually return to their offices after coronavirus lockdowns. More specifically, […]

Airlines, Travel Agents Say EU Covid-19 Guidelines for Vouchers are ‘Confusing’

By admin 14 Μαΐου 2020 No comment

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Photo Source: IATA Europe’s airlines and travel agents are up in arms over a set of much-awaited Commission guidelines with regard to travel and tourism in coronavirus (Covid-19) times, noting that the recommendations are confusing, unclear and non-binding. The Commission’s four-point “Communication on Travel and Tourism”, issued on Wednesday, will “create further

Germany Gradually Eases Covid-19 Border Controls

By admin 14 Μαΐου 2020 No comment

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In an attempt to facilitate business and family travel and restart tourism, Germany said it would be easing coronavirus (Covid-19) border restrictions in the coming period reopening first for Luxembourg on May 15. Most of Europe has been awaiting Germany’s actions, which also include easing border measures for France, Austria, and Switzerland as of Friday. […]

TUI Ready for Travel but Needs to Cut Costs

By admin 13 Μαΐου 2020 No comment

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TUI Group announced this week that it was ready to resume travel activities and due to the coronavirus (Covid-19) crisis has decided to move ahead with a global realignment of its plan and to cut costs. The company said its hotels in Europe were “ready to go” with a 10-point catalogue of increased hygiene and […]