Europe – Page 108
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NewsAir France-KLM repays €1bn of state loan early after strong results
Air France-KLM Group has repaid early part of the outstanding state-backed loan granted to support the company during the pandemic.
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NewsPessimism over inflation risk to Ryanair’s business ‘exaggerated’: O’Leary
Ryanair chief executive Michael O’Leary insists that concerns over rising inflation and recession on its business have been “greatly exaggerated”. O’Leary shrugged off pessimistic forecasts as the budget carrier group unveiled strong second quarter net profits of €1.2 billion. “As the lowest-cost producer in Europe, we expect to grow strongly ...
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NewsRyanair to retrofit scimitar winglets on 737-800 fleet to cut fuel-burn
Budget carrier Ryanair is to retrofit scimitar winglets across more than 400 Boeing 737-800s in its fleet, in order to trim fuel consumption. The retrofit programme will commence during the winter season, the airline states, and represent an investment of more than $200 million. Scimitar winglets are an evolution of ...
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NewsScotland’s Loganair takes more ATRs to replace Saab 340 fleet
Scottish carrier Loganair is to modernise its fleet, phasing out Saab 340B turboprops in favour of additional ATRs. It will introduce eight ATRs for next summer, while shedding its remaining eight 34-seat Saabs by July. The carrier says the Saabs will be replaced with 48-seat ATR 42s. Loganair states that ...
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NewsIsraeli carrier Israir lines up bid for Czech operator Smartwings
Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...
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NewsRomania signs $385m deal to acquire 32 surplus Norwegian F-16 fighters
Romania’s defence ministry has signed a €388 million ($385 million) contract to acquire 32 surplus Lockheed Martin F-16A/Bs from Norway, with the jets to be transferred from late 2023.
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PodcastAirline Business Podcast: Record revenues, cargo concerns, ICAO deal and Latin latest
Graham and Lewis discuss a strong third-quarter results season for airlines in Europe and North America, as constrained capacity met surging demand. They also examine the recent ICAO agreement on emissions and the latest in the Latin American airline industry
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NewsFirst RAF Wedgetail gains its MESA radar array
The first of three Boeing 737NG airframes undergoing modification into the E-7A Wedgetail airborne early warning and control configuration for the UK has had its distinctive “top hat” radar array installed.
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NewsConfirmation bias over incorrect altitude put executive jet at risk of terrain collision
French investigators have emphasised the risk of confirmation bias following an incident in which a Cessna 525 executive jet suffered a simultaneous failure of an air-data system and the left-side primary flight display. Immediately after take-off from Paris Le Bourget on 14 August 2020 the left-hand primary display blanked, prompting ...
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Airline BusinessWhy airline confidence is high despite headwinds
A quote from Lufthansa Group chief executive Carsten Spohr seemed particularly pertinent during the European airline results bonanza at the end of last week.
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NewsTurkish Airlines reports Q3 net profit of $1.5bn as passenger revenue surges
Turkish Airlines has reported a net profit of $1.5 billion for the third quarter of 2022, as capacity, traffic and yields – as well as costs – surged beyond pre-Covid levels.
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NewsEmbattled Flyr optimistic of positive earnings from mid-2023
Norwegian carrier Flyr is optimistic that its revised business plan will be sufficient to nurse the airline through the winter season, and that earnings margins will start to turn positive from June next year. Despite a strong summer market, Flyr turned in a third-quarter operating loss of NKr231 million ($22 ...
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NewsFlyr seeks NKr530m through share issues to relieve ‘very strained’ finances
Norwegian budget carrier Flyr is looking to reinforce its financial position with share placements which would potentially raise NKr530 million ($50 million). This scheme comprises a private placement for NKr430 million and a possible subsequent placement, for those unable to participate in the private issue, aimed at raising another NKr ...
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NewsGreater consideration of risks might have averted BA 787 nose-gear collapse
UK investigators believe a British Airways Boeing 787-8 nose-gear retraction accident at London Heathrow might have been prevented if health and safety risks in an airworthiness directive had been given greater attention by the operator. The accident occurred when a nose-gear locking pin was inserted in the wrong location on ...
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NewsRussian lessor GTLK renegotiates debts with several carriers
Four Russian carriers have renegotiated lease debts with the state lessor GTLK, in the wake of pressure from sanctions and the aftermath of the pandemic. IrAero and Azimuth, along with the regional operators SiLA and Aeroservis, have settled debts on “mutually beneficial terms”, says the lessor. It adds that the ...
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NewsTAP chief welcomes acquisition interest as carrier reports record Q3 revenue
TAP Air Portugal’s chief executive has welcomed the interest from Air France-KLM – and potentially others – in acquiring a stake in the Star Alliance carrier as it reported its highest-ever third-quarter revenue and forecast a “good” full-year performance.
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NewsRolls-Royce to hike spare-engine sales to reinforce fleet resilience
Rolls-Royce large civil engine flying hours are gradually increasing but still remain about one-third down on pre-crisis levels, the company has disclosed. The flying-hours figure reached 65% of 2019 levels in the four months to the end of October, and 62% for the year so far. Rolls-Royce says this is ...
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NewsVirgin to support Heathrow on capacity peaks but cancelling flights ‘not an option’
Virgin Atlantic is hopeful “lessons have been learned” to avoid a repeat of this spring’s operational challenges at London Heathrow airport next summer.
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NewsAeroitalia signs for three 737 Max 8s from Air Lease
Aeroitalia is to take three Boeing 737 Max 8 jets on long-term placements from Air Lease, as the Italian start-up carrier seeks to expand its operations in the coming years.
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NewsRyanair reports October traffic up 14% on 2019, while Wizz sees 22% rise
Ryanair exceeded its pre-Covid passenger numbers by nearly 2 million in October this year, while rival Wizz Air reported traffic up by around 800,000 passengers on the same basis.