All Europe news – Page 223
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NewsNorwegian files restructuring plan to courts
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise.
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NewsRolls-Royce takes £1.3bn charge in fall-out from civil aerospace crisis
Rolls-Royce large engine flying hours were down by 57% last year, while deliveries of such engines almost halved to 264. The powerplant manufacturer disclosed the full-year impact of the air transport crisis as it turned in a £2.6 billion ($3.6 billion) underlying operating loss from its civil aerospace division. Production ...
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NewsNordStar-KrasAvia tie-up to support northern Russia network development
Russian carrier NordStar has entered a tie-up with regional operator KrasAvia, a consortium intended to increase air transport access for the area. President Vladimir Putin had supported a proposal to establish a base carrier at Norilsk – a designation which has been granted to NordStar – and create a co-operation ...
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NewsAeroflot Group impairs Rossiya goodwill and Aurora disposal
Aeroflot Group has disclosed a Rb6.5 billion ($88 million) write-off of goodwill for its subsidiary airline Rossiya in its full-year financial results. The company has also listed a Rb5.07 billion loss from the disposal of another subsidiary, the eastern Russian carrier Aurora which it sold for the token sum of ...
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NewsWizz Air UK to have four A321neos by end of May
Wizz Air’s UK operation will have four new Airbus A321neos in its fleet by the end of May after today carrying out its first flight with the Pratt & Whitney GTF-powered narrowbody.
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NewsCourt urges Czech Airlines creditors to file prompt claims
Czech Airlines creditors are being urged to submit claims within two months following the carrier’s filing for insolvency with a Prague court. The municipal court has ruled that an interim creditors’ committee be appointed with Czech Airlines Technics, the Czech bank Ceska Sporitelna, and the aviation general sales agent Air ...
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NewsTwo Icelandair 767s to be converted to freighters in leaseback deal
Icelandair Group has reached a sale-and-leaseback agreement for a pair of Boeing 767-300ER which will be converted into freighters. The aircraft are being sold to Atlas Air Worldwide Holdings’ associated joint venture Titan Aircraft Investments. Icelandair Group says the 767s will be converted in spring next year and be re-introduced, ...
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NewsSustainability and airline success now inexorably linked: Air France chief
The rise of sustainability as a challenge for the airline industry has been accelerated by the Covid-19 pandemic, to the point where business success is inexorably linked to carriers significantly reducing their environmental footprints, in the view of Air France chief executive Anne Rigail.
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NewsBerlin airports chief seeks to step down following Brandenburg completion
Four months after the much-delayed Berlin Brandenburg airport opened, the chief of its operating company has requested to step down from his post. Engelbert Lutke Daldrup, who took over almost exactly four years ago, is seeking to terminate his contract of employment early, in September 2021. Operating company FBB says ...
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NewsAerCap agrees acquisition of US lessor GECAS
Leasing giant AerCap has agreed to acquire US lessor GECAS, creating a leviathan with over 2,000 aircraft and more than 900 engines as well as 300 helicopters. AerCap says it has entered into a “definitive agreement” – unanimously approved by the companies’ boards – under which General Electric will receive ...
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NewsCut in UK domestic air passenger duty floated for transport consultation
Consultation is set to take place on cutting the UK’s air passenger duty scheme as part of a broad government rethink on the country’s transport network. Air passenger duty is a distance-based scheme which is pitched as a mechanism for addressing environmental concerns, but has long been controversial with airlines. ...
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NewsRecovery unsustainable without Travel Pass-style apps: IATA
Governments around the world are not moving quickly enough to plan for the reopening of international travel markets, in the view of IATA, particularly when it comes to the creation of digital standards for Covid-19 testing and vaccination records.
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NewsUK FCAS programme poised to enter concept and assessment phase
The UK’s future combat air system (FCAS) activity is on track to enter its concept and assessment phase later this year.
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Airline BusinessAirline coronavirus recovery tracker: March 2021 update
Our regular examination of the latest global data for several key airline market indicators, including international and domestic travel restrictions, traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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In depthUK’s modular trainer ready to soar, says Aeralis boss
Buoyed by a recent high-profile investment from the UK Royal Air Force (RAF), and with additional backing now being sought via its latest funding drive, modular training aircraft developer Aeralis is aiming to take its concept to pre-production flying status before the middle of the decade. In mid-February, the company ...
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NewsWizz to add new Italian base
Central European budget carrier Wizz Air is opening a new base at Palermo.
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NewsLufthansa expands rail offering through Deutsche Bahn
Lufthansa is expanding its joint product with German rail operator Deutsche Bahn as it looks to improve connectivity and reduce emissions.
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NewsUS Air Force B-1B bombers impress during Norwegian deployment
The US Air Force (USAF) says its first deployment of strategic bombers to a Norwegian air base is intended to boost allied training and readiness in the region, but the visit also underscores Washington’s commitment to protecting the Arctic “far north” from the threat of Russian interference.
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NewsFrench business icon Olivier Dassault killed in helicopter crash
French president Emmanuel Macron has announced the death of Olivier Dassault, the son of Dassault Group’s late chief executive Serge Dassault and grandson of the company’s founder. Olivier Dassault, an entrepreneur and politician who had held roles within the aerospace company, was involved in a helicopter crash in Normandy, northern ...
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NewsFour-ship Welsh flypast marks Wizz Air UK’s upcoming Cardiff base
Four Wizz Air UK Airbus A321s have marked the upcoming opening of a Cardiff base by conducting a flypast of cities in south Wales. The aircraft formation departed London Luton between 13:45 and 14:00 on 6 March. Wizz Air UK says that, ahead of the base’s opening on 17 May, ...