Europe – Page 141
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NewsAir France-KLM projects summer profit after cutting first quarter loss
Air France-KLM Group expects to break even at the operating level in the second quarter and to be “significantly positive” in the third after reporting strong recovery signs in the first three months of the year despite the impact of Omicron and the Ukraine crisis.
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NewsAirbus commits to building 75 A320s a month after supply-chain analysis
Airbus is committing to a substantial hike in A320 production rates to 75 aircraft monthly over the next three years. Chief executive Guillaume Faury disclosed during a first-quarter briefing that the airframer aimed to reach the output level in 2025. The company had already been moving to raise the monthly ...
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NewsAirbus pushes back A321XLR service entry to 2024
Airbus has pushed back entry into service of the long-range A321XLR, as a result of certification demands. The aircraft – which the airframer aims to fly by the end of the second quarter – had originally been intended for initial deliveries next year. But Airbus says “certification requirements” have meant ...
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NewsPent-up demand for air travel ‘finally being realised’ but IATA warns on airport delays
Demand for air travel continued its recovery in March this year, according to IATA, despite the war in Ukraine and China’s restrictive Covid-19 policies.
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NewsPobeda granted clearance to open Iranian service
Aeroflot Group’s budget carrier Pobeda has obtained permission to operate services to Iran from Russia’s civil aviation regulator. Pobeda will be permitted to fly twice-weekly between Moscow and Tehran, according to the decision disclosed by federal air transport authority Rosaviatsia. All Pobeda flights are conducted with a fleet of Boeing ...
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NewsAeroflot Group board supports increasing company’s share capital
Aeroflot Group’s board has backed a proposal to raise the authorised capital of the company, increasing it by 5.42 billion shares. Source: Aeroflot The 11-member board supported the proposal – with 10 in favour and one abstention – during a meeting on 29 April. Aeroflot Group’s authorised ...
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NewsApril traffic marks Ryanair’s busiest month since August 2019
Ryanair underlined the strength of its recovery in activity by carrying 14.2 million passengers and reporting load factors of over 90% in April, marking the low-cost carrier’s busiest month since August 2019.
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NewsUK negotiates deal for next batch of 26 F-35Bs
The UK is in negotiations to purchase 26 more Lockheed Martin F-35Bs as its next-batch commitment to the US-led programme.
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NewsAir cargo market told to brace for ‘growing challenges’ as demand falls
Demand for air cargo fell in March, according to data released by IATA on 3 May, as factors including China’s ‘zero-Covid’ policies and the Russia-Ukraine war weighed on demand and threatened to become longer-term hindrances.
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NewsAirbus tweaks A320 software to address rare go-around pitch-up anomaly
Airbus has tweaked the flight guidance software for A320-family jets to address a pitch-up issue which could occur under certain circumstances on go-around. The modification followed an incident involving an unstable approach by an A321neo during which a go-around was initiated with the autopilot engaged. According to the European Union ...
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NewsAvolon records $300m impairment over unretrieved fleet in Russia
Irish-based lessor Avolon has recorded an impairment of over $300 million against aircraft still left with Russian operators, following the imposition of sanctions over the Ukraine conflict. Avolon had previously disclosed that 10 of its owned aircraft were still located in Russia. It says the $304 million impairment reduces the ...
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Airline BusinessIcelandair chief on Covid recovery, Max jets, 757s, cargo and competition
With the group restructured during the pandemic, Icelandair under Bogi Nils Bogason is emerging as a streamlined, aviation-focused business with a decision ahead on its future fleet
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NewsAir Baltic leases jets including Ukraine International 737 amid lack of A220 spares
Global supply chain issues mean Air Baltic is looking to airlines including Ukraine International Airlines for short-term leased capacity as maintenance schedules for its own jets are extended.
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NewsTwo Russian ships destroyed by Ukranian drone strikes
Two Russian patrol boats were destroyed in the Black Sea by missile strikes launched from TB-2 Bayraktar drones, according to Ukraine.
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NewsUkrainian airspace remains contested as fighting ramps up in Donbas
US officials say Russia remains reliant on airfields and missile launch sites within its own territory.
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NewsNorse Atlantic opens bookings with JFK route starting mid-June
Scandinavian start-up Norse Atlantic Airways has commenced ticket sales for transatlantic services, with the initial flight from Oslo to New York JFK set to take place on 14 June. Norse Atlantic will also open flights to Los Angeles, Orlando and Fort Lauderdale. It says the beginning of ticket sales “marks ...
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NewsSAS struggles to obtain stakeholder backing for crucial transformation
SAS remains downbeat over progress with its ambitious transformation plan, with negotiations to overhaul its cost structure failing to yield any breakthrough. The Scandinavian operator says the ‘SAS Forward’ plan is “entirely dependent” on deleveraging the company and raising “significant amounts” of new equity. It says it needs to the ...
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NewsInvestigators yet to detail power loss behind ZeroAvia M350 forced-landing accident
UK accident investigators have disclosed few additional details of the crash involving an experimental hydrogen-electric Piper M350 a year ago, beyond stating that the aircraft suffered a power loss. The aircraft (G-HYZA) had been modified with an electric motor powered by hydrogen fuel cells, and was carrying out test flights ...
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Airline BusinessIsolation from West creates long list of challenges for Russian airlines
Russia’s airline industry is continuing to adjust to the impact of its home country’s invasion of Ukraine, with this week seeing more developments that suggest it will be fundamentally changed for the foreseeable future.
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NewsIcelandair revisits hedging as fuel prices weigh on financial figures
Icelandair Group has started rebuilding a fuel-hedging position, suspended during the pandemic, as it notes the effect of fuel prices on its first-quarter performance. The company has turned in a pre-tax loss of $62.5 million and a net loss of nearly $50 million for the three months to 31 March. ...