Croatia Airlines delays Q1 results

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Condor makes Airbus order

German leisure airline Condor said it would order sixteen Airbus A330neo jets to replace its existing wide-body fleet of Boeing 767 aircraft. "The first aircraft is expected in autumn 2022, whilst the replacement of the entire long-haul fleet is scheduled to be completed by mid-2024. As the German launch customer for the Airbus A330neo, Condor is thus focusing on latest technology, maximum efficiency and the highest level of customer comfort", Condor said. It did not say how it would acquire the planes but market sources said it was expected to buy an unspecified number from Airbus with the rest to be rented from leasing companies. The deal comes a day after EU regulators approved 525.3-million euros in German aid for Condor that will help the airline restructure after an earlier decision was annulled by a European court. It follows a competition between Airbus and Boeing to provide the A330neo or Boeing 787 to Condor, the sources said. Condor has a mixed fleet of planes from both planemakers but relies solely on its ageing 767s for long-haul needs. The A330neo is an upgraded version of the A330 passenger plane with recent Rolls-Royce RR.L engines. It competes with the newer but more expensive Boeing 787 Dreamliner. Sources said the deal will provide a home for undelivered A330neo jets originally earmarked for Indonesia's Garuda or Malaysia’s AirAsia. Both carriers are debt-strapped and their finances have worsened during the pandemic, raising doubts over A330neo deliveries. Airbus is also in talks to replace Boeing jets at another European leisure carrier, British airline and holiday group Jet2. If confirmed, the deal could involve the purchase of around 50 Airbus jets, worth some $5 billion before industry discounts of at least 50%. But while Airbus is seen as a front-runner, talks between Jet2 and suppliers are said to be ongoing.
Source: Reuters

Croatia Airlines delays Q1 results

NEWS FLASH

Croatia Airlines has delayed the publication of its first quarter financial report due to the coronavirus Covid-19 pandemic. The report, which was to be published by May 1, will now be made public “on June 30 at the latest”. In a statement, the company said, “Taking into consideration the ongoing situation caused by the Covid-19 pandemic, and changes at the workplace, Croatia Airlines is unable to meet its lawful obligation to deliver its annual and quarterly financial reports to the Croatian Financial Services Supervisory Agency and the Zagreb Stock Exchange within the set deadlines”.

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Anonymous10:32
Shame
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Bel Cielo 12:07
What Q1 results??!!! Have they even posted the results for the entire 2019???
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