Friday

29th Mar 2024

Ticker

Europe to see launch of new low-cost airline

UK carrier British Airways is to launch a low-cost airline in Europe by the summer of 2022 to compete with rivals Easyjet and Ryanair, according to a leaked internal memo, CNN reports. The firm confirmed it was working "on proposals for a short-haul operation at Gatwick", but declined to comment further. It made a loss of €2.3bn last year, but expects the short-haul market to quickly recover after the pandemic.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us