He started his journalism career in 1992 as a freelance writer for Sueddeutsche Zeitung, Germany’s largest daily national newspaper and soon specialised in air transport. Jens joined Aviation Week and Aviation Daily in 2000 as one of the European correspondents. Later his role was expanded to cover international air transport. In 2013 he was named Managing Editor Commercial.
Jens frequently appears on radio and TV to comment on industry matters. In 2003, he received the Hugo Junkers Award of the German aviation press for his coverage of Fairchild Dornier’s bankruptcy. He was named the country’s top travel and air transport writer by the Travel Industry Club three times. Jens graduated from the Munich School of Journalism.
International Airlines Group (IAG) CEO Willie Walsh has reaffirmed that IAG would consider investing in a restructured American Airlines. The company, however, would only go ahead “if there is some additional strategic and financial value to do so,” Walsh told investors at IAG’s Capital Markets Day on Friday. IAG currently has no concrete plans to invest, but it is open to the possibility. Walsh also stressed his support of American's CEO Tom Horton, noting he “is the right person to take American through Chapter 11.”
EADS witnessed massive cash outflow in the first nine months of the year and hopes it will be break even on free cash flow for the full year, but is dependent, in part, on achieving targeted Airbus A380 delivery numbers. The company reported a €3.2 billion ($4 billion) negative free cash flow in its third-quarter results briefing for the year to date, with net cash falling from €11.3 billion to €8 billion. This is in sharp contrast to previous cash flow projections.
International Airlines Group (IAG) will make a takeover offer to acquire a 100% stake in Barcelona-based, low-fare airline Vueling. IAG is offering €7 ($8.90) per share in the planned transaction and would spend €113 million for the 54% stake not currently held by IAG subsidiary Iberia. The offer is expected to be made in the first quarter of 2013, and the deal is scheduled to close in the second quarter, says IAG.
