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Category Airlines

Grounding MAX fleet costs TUI at least 200mln

Major European travel and airline TUI Group is expecting the grounding of its Boeing MAX 8-fleet to cost €200mln. That is when the grounding lasts until the Summer. If extended until September, another €100mln impact on its before-tax results is…

WOW dream ends after troubled few years

Almost seven years since starting its first flight, Iceland’s long-haul low-cost airline WOW Air has thrown the towel. The airline announced on March 28 that it has ceased all operations, following months of uncertainty over its future. WOW failed to…