All Europe news – Page 259
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NewsAerCap takes over from GE as partner in largest CFM engine lessor
Lessor AerCap has become the new joint-venture partner of Safran in the Irish-based engine-leasing company Shannon Engine Support, following its acquisition of US lessor GECAS. AerCap has signed a 20-year agreement covering the 50:50 venture. Chief executive Aengus Kelly describes Shannon Engine Support – the largest lessor of CFM International’s ...
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NewsLufthansa sees positive trend after returning to profit in third quarter
Lufthansa Group posted a positive adjusted operating profit for first since the pandemic and expects to avoid cash drain in the seasonally tough final quarter of the year.
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NewsUK regional Loganair narrows full-year loss
Scottish regional carrier Loganair’s turnover for the 12 months to 31 March more than halved to £81 million ($110 million) compared with the previous year, but the airline has credited its adaptability amid the Covid-19 pandemic with helping it reduce its full-year pre-tax loss.
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News‘Pathetic’: UK prime minister slams global sustainable aviation fuel target at COP26
UK prime minister Boris Johnson believes the air transport sector needs to be more ambitious in its targets for sustainable aviation fuel (SAF) useage.
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NewsMaersk orders first 777Fs and leases more 767-300Fs for cargo unit Star Air
Danish logistics firm Maersk has ordered two Boeing 777 Freighters and will lease three more 767-300 Freighters.
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NewsCroatia Airlines reduces losses but still faces liquidity pressure
Croatia Airlines recorded 11% more flights over the course of the first nine months of this year, with a 20% increase in turboprop activity offsetting a slight reduction in jet operations. The carrier operated a fleet of 13 aircraft – including seven Airbus single-aisle jets and six Bombardier Q400s – ...
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NewsEuropean budget carriers retain traffic momentum in October
Wizz Air passenger levels remained steady at just under 3 million in October as stronger travel demand was sustained into the shoulder season.
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NewsReshaped CargoLogicAir looks for expansion avenues after turning profitable
UK-based freight operator CargoLogicAir turned around heavy losses to post a full-year pre-tax profit of $41.2 million for 2020 – a year in which it underwent a management overhaul and a strategic review of its business. CargoLogicAir, which has ties to Russia’s Volga-Dnepr Group, generated a net profit of $45.4 ...
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NewsSmartLynx to add another pair of A321 freighters in early 2022
Wet-lease specialist SmartLynx is introducing another pair of Airbus A321 freighters to its fleet early next year, as it seeks to take its total to eight by the end of 2022. SmartLynx will receive the aircraft, both registered in Malta, through leases from Cross Ocean Partners, a financial firm whose ...
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NewsAerCap completes GECAS acquisition to create leasing giant
Irish-based lessor AerCap has completed its acquisition of US leasing giant GECAS, a transaction which gives General Electric around a 46% shareholding in AerCap. Closure of the deal turns AerCap – which had previously absorbed lessor ILFC – a fleet of over 2,000 aircraft and 900 engines, plus more than ...
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NewsRyanair 737 Max 8-200 fleet ‘exceeding expectations’
Ryanair Group generated an operating profit of €254 million ($294 million) and a net profit of €225 million for the second quarter, evidence of a recovering summer period for the budget operator. Its main carrier, Ryanair, contributed a net profit of €164 million while Malta Air achieved a profit of ...
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NewsPressure-setting risk highlighted after serious 737 incident at Irkutsk
Russian authorities are emphasising the need for crews to understand barometric pressure calculation and setting procedures, following a serious low-approach incident at Irkutsk involving a Boeing 737-800. The aircraft, operated by Korean carrier Air Incheon, had been conducting an approach to runway 30 when it descended to an altitude of ...
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NewsRyanair considers post-Brexit delisting from London stock exchange
Ryanair is considering a potential delisting from the London stock exchange, following the UK’s ‘Brexit’ withdrawal from the European Union. The airline has a primary listing on the Euronext Dublin market and says its board is “considering the merits” of retaining its London listing. “Migration away from the London stock ...
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NewsDomestic lift helps Aeroflot turn a profit for the third quarter
Aeroflot turned a group profit under Russian accounting standards for the first time since the pandemic in the third quarter, driven by a strong domestic traffic performance during the period.
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NewsPressure mix-up preceded altitude alert for CRJ1000 approaching Nantes
French investigators have indicated that a minimum safe altitude alert for a Bombardier CRJ1000 was triggered after its crew misunderstood a pressure setting. The aircraft was being operated by Air France regional division Hop on a domestic service from Lyon to Nantes on 20 October. According to investigation authority BEA ...
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Airline BusinessWhat might COP26 mean for the airline industry?
On the eve of the UN climate change conference COP26, the airline industry is braced to discover what the eventual outcomes will mean for its growth path.
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NewsWizz dismisses executive over undisclosed share trading
Wizz Air has dismissed its chief supply officer over a series of undisclosed share dealings following an investigation by the Financial Conduct Authority, the UK’s finance regulator.
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NewsProfitable Transavia reflects rebound in European leisure activity
Budget carrier Transavia’s third-quarter operating profit of €105 million ($123 million) reflected strong recovery in leisure demand within Europe. Transavia’s capacity returned to around 85% of the pre-crisis level for the same quarter, and load factor exceeded 78%. Parent company Air France-KLM adds that the budget airline’s yield over the ...
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NewsAir France-KLM awaits Asia re-opening as it turns in third-quarter operating profit
Air France-KLM Group is expecting its overall capacity for the fourth quarter to be some 25-30% down on the same period in pre-crisis 2019. The company gave the estimate as it demonstrated gradual recovery by posting a third-quarter operating profit of €132 million ($154 million). But it is not giving ...
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NewsNorwegian solves fleet ‘winter problem’ and focuses on crew after cash-positive quarter
Scandinavian low-cost carrier Norwegian is working to introduce flexibility among its air crew to cope better with low-season demand, having established fleet flexibility for the coming winter seasons.