Lufthansa has submitted a letter of interest in Air Berlin’s Austrian budget airline Niki and other parts of the insolvent carrier, according to sources.

TUI is considering resurrecting efforts to form a joint venture with Air Berlin and Etihad by taking a bigger role in the endeavour than originally planned, according to sources.

Irish aviation is at the centre of powerful changes and it is having consequences for investments and the direction of companies in the sector.

Ryanair has been ordered to repay €500,000 to a small German airport because it was an illegal state subsidy, according to the European Commission.

Stronger travel firms and expectations of a further cut in US interest rates ensured the London market traded on the front foot today.