All Europe news – Page 104
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NewsALAFCO seeks shareholder approval for $2.2bn Macquarie acquisition
Kuwaiti lessor ALAFCO is to convene a shareholder meeting to approve a substantial acquisition by asset management firm Macquarie AirFinance. ALAFCO states that its board discussed and reviewed, on 29 November, a proposal for the acquisition – valued at $2.215 billion – which includes sale of 53 aircraft from its ...
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NewsMore oversight progress needed to lift Armenia blacklisting: Commission
European regulators believe Armenian authorities have made “limited progress” with improving safety oversight, but stress that more effort is needed to lift a blanket blacklisting of the country’s airlines. Newly-established carrier Fly Arna – a joint venture between Air Arabia and the Armenian National Interests Fund – commenced operations in ...
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NewsSAS progresses with restructuring but full-year losses remain heavy
Scandinavian operator SAS is aiming to complete its court-supervised restructuring process in the second half of next year, as it releases its first full-year figures since entering US Chapter 11 protection. Its Chapter 11 process is intended to enable the airline to progress with its extensive ‘SAS Forward’ restructuring programme. ...
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NewsIsrair details updated bid for Smartwings
Israeli carrier Israir has detailed its binding offer for Czech operator Smartwings, but has yet to discover whether it will be successful. Israir says the transaction, if accepted, would be valued at €44 million which includes €8 million for the entire share capital of Smartwings. Another €12 million would be ...
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NewsEasyJet positions to meet summer restoration of capacity
UK budget carrier EasyJet is taking steps to ensure it and suppliers have sufficient labour to meet a further pick-up in demand, as it aims to return to pre-pandemic capacity levels next summer.
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NewsNorse Atlantic to open Paris-New York service next year
Norse Atlantic Airways is to open transatlantic services to New York JFK from Paris Charles de Gaulle next year. The airline states that the operation – which will be daily – will commence on 26 March. Norse Atlantic uses a fleet of Boeing 787s for its services. The airline’s route ...
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NewsStrong summer quarter helps EasyJet cut full-year losses
Despite remaining in the red, EasyJet is pointing to a record earnings performance in the quarter ended 30 September, which helped to wipe £1 billion ($1.2 billion) off its full-year losses.
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NewsCroatia Airlines to operate up to 15 A220s as it places firm order
Croatia Airlines has formally ordered six Airbus A220-300, and aims to lease a further nine of the type. The carrier is intending to build a fleet of 15 of the twinjets under a modernisation programme. Airbus says the A220s will replace earlier-generation aircraft in the fleet. Croatia Airlines operates a ...
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NewsMSC Mediterranean launches air cargo operation with first Boeing 777 freighter
MSC Mediterranean Shipping stepped into the air cargo industry on 28 November as its operating partner Atlas Air took delivery of a Boeing 777-200 freighter, which Atlas will operate on behalf of MSC.
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NewsFlyr chief steps down as carrier bids to overcome financial strife
Norwegian carrier Flyr’s chief executive, Tonje Wikstrom Frislid, has opted to step down from her post having led the airline since it commenced operations last year. Chief financial officer Brede Huser is taking over, the carrier states. The transition comes at a crucial point in the airline’s development, because Flyr ...
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NewsAir Baltic posts profitable third quarter
Latvian carrier Air Baltic posted net profit before exceptionals in the third quarter as it sees an improvement in its financial results.
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NewsLoganair chief eyes Heathrow opportunity
Scottish regional carrier Loganair’s chief executive Jonathan Hinkles believes a shift in thinking at Heathrow airport may help support development of regional connectivity at the London hub after securing permanent slots there. Loganair began flying the Isle of Man-Heathrow route in late 2021, using slots temporarily vacated at Heathrow during ...
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NewsUkraine conflict: East European states to benefit from Eurocontrol fund
Pan-European air navigation organisation Eurocontrol is pursuing an initiative for solidarity funds aimed at assisting member states affected by the Ukrainian conflict. The voluntary funds will be established to assist, in particular, Ukraine and Moldova as well as the Baltic states and Poland. Eurocontrol says Ukraine and Moldova will receive ...
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NewsAir Moldova quarrels with civil aviation regulator over safety inspections
Air Moldova has clashed with the country’s civil aviation regulator in an extraordinary spat over the results of inspections at the airline. The Moldovan civil aviation authority has declared that, during unannounced inspections, it found “serious deficiencies” in the airline’s finances which could potentially interfere with air safety and the ...
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NewsNorse Atlantic issues new shares to raise funds for UK operation
Norse Atlantic Airways has raised NKr300 million ($30 million) through a private placement aimed to generate funds required for its UK operation. The airline, having completed the placement, is turning its attention to a subsequent offering to other shareholders, intended to generate further proceeds – as well as “limit the ...
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NewsUkraine’s SkyUp secures third-country approval for UK operations
Ukrainian carrier SkyUp Airlines has obtained the third-country approval required to open services to the UK. The airline, which has been using a fleet of Boeing 737-700s and -800s, says it has obtained the approval from the UK regulators. Operators which were previously able to access the UK under the ...
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Airline BusinessIndustry seeks ‘more carrot’ if UK to rise to SAF challenge
While it is hardly unique to the UK for aviation industry leaders to be calling for the government to provide ”more carrot than stick” when it comes to sustainable aviation fuel (SAF) production, recent interventions are timely given the mandate for it to comprise at least 10% of its airlines’ fuel by 2030
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AnalysisWhich types departed our World Air Forces fleet listing?
We highlight some of the most notable national fleet retirements recorded in the 12 months since we published our last World Air Forces directory at the end of 2021.
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AnalysisHow year of conflict affected World Air Forces inventory
Our annual World Air Forces directory – published in association with Embraer – details the military aircraft fleets of 162 nations, and analyses the main events of the last 12 months.
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Airline BusinessAirline start-ups still see opportunities as Norwegian legacy lives on
Despite a largely chequered history of results, the airline industry has never been short of new entrants seeking to make their mark in the business.