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.
Air Berlin’s financial situation is becoming increasingly worrisome after the airline posted a massive loss for the first quarter, when equity declined from €505 million ($722 million) at the end of last year to €376 million ($537 million) by the end of March.
EasyJet’s pre-tax loss in the first half of its financial year widened to £153 million ($250 million), as the airline was hit by rising fuel costs and additional air service taxes. Revenues grew by 8.1% to £1.26 billion, with passenger numbers increasing by 11.6% to 23.9 million.
Emirates will not launch an initial public offering (IPO) this year or next, according to Chairman Sheikh Ahmad bin Saeed Al-Makhtoum. “There is no need to do it today and nothing will happen this year and next,” he said at the Emirates annual news conference in Dubai on Tuesday. The carrier also deferred its plans for a bond offering “because we don’t need the money and the price did not suit us.” Emirates has cash reserves of $4.4 billion.
