Business Point Today

Norse Atlantic Airways has begun selling tickets for flights between London and New York as the budget carrier seeks to take market share on one of the world's busiest long-haul routes. Round-trip fares for journeys between London's Gatwick and John F Kennedy International Airport will start at £255 ($322), including taxes, the airline said. Daily flights on the route begin on August 12 using Boeing 787 Dreamliner aircraft. Norse Atlantic will offer a daily service, with other US destinations to be announced soon, the company said. The airline, which has its maiden flight scheduled for Oslo-New York on June 14, hopes to succeed where Norwegian Air failed, offering transatlantic flights at budget rates after securing cheap leases during the pandemic. Read More : https://www.thenationalnews.com/world/uk-news/2022/05/27/norse-atlantic-airways-offers-budget-flights-from-gatwick-to-new-york/

 Air Lease Corporation announced it would be writing off the value of the remaining 27 aircraft it has in Russia, which is expected to lead to charges of around $802 million. The Los Angeles-based lessor said in a filing to the US Securities and Exchange Commission on Friday the move involves 21 company-owned planes and six jets in its managed fleet. The write-off in Russia – severely hit with sanctions because of its military offensive in Ukraine – will be reflected in the company's first-quarter earnings report, which is scheduled for May 5, it said. "The United States, European Union, United Kingdom and others have imposed, and may continue to impose, economic sanctions and export controls against certain industry sectors and parties in Russia in connection with the ongoing conflict between Russia and Ukraine," it said in the filing. "In response to the sanctions, the company terminated the leasing of all aircraft leased to Russian airlines. The company has determ...