Europe – Page 226
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NewsKLM takes delivery of first Embraer 195-E2 jet
KLM Royal Dutch Airlines has taken delivery of its first Embraer 195-E2 jet for its Cityhopper subsidiary, as the carrier continues its fleet renewal with more efficient regional aircraft.
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NewsVolotea sees growth after switch to all-Airbus fleet
European carrier Volotea could add four further Airbus narrowbodies to its fleet this summer after completing the withdrawal of its Boeing 717 fleet.
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NewsUK bookings surge on lockdown exit plan
Airlines have seen a jump in UK ticket sales in the hours after the government published information on the national plan for exiting lockdown.
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NewsAir Europa negotiates lease deferrals
Lessors are discussing new rent-deferral arrangements with Air Europa as the Spanish carrier navigates towards fresh state-backed financial support, sources have told Cirium.
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NewsLithuanian start-up carrier Heston ties up with lessor Genesis
Irish-based lessor Genesis is supporting the establishment of a new Lithuanian charter and wet-lease carrier, Heston Airlines, in co-operation with consolidated aircraft trading and maintenance firm Heston Aviation. Heston Airlines is applying for a European air operator’s certificate and has obtained an initial Airbus A320, configured with 180 seats. Chief ...
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NewsEASA shapes certification basis for Liberty ‘flying car’ gyroplane
European safety authorities have finalised a certification basis for a convertible roadworthy rotorcraft, the PAL-V Liberty gyroplane, enabling its developer to accelerate compliance demonstration. The European Union Aviation Safety Agency says the certification specifications for rotorcraft are aimed primarily at helicopters and are “not fully adequate” to prescribe a basis ...
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NewsNorwegian proposes haircut for creditors
Norwegian’s creditors are set to take a significant haircut on their debts under a capital-raising exercise the carrier is planning under its restructuring processes. In a 19 February stock-exchange filing, the Scandinavian low-cost carrier says it intends to issue NKr1.88 billion ($221 million) of perpetual subordinated convertible bonds and retained ...
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Airline BusinessAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsBritish Airways secures £2bn loan facility from 11 banks
HSBC, Deutsche Bank, Credit Suisse, Standard Chartered, Santander and Citi are among the 11 banks in the syndicate that has extended a £2 billion (£2.8 billion) guaranteed loan facility to IAG-owned British Airways, Cirium understands.
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NewsUK bans operations with PW4000-powered 777s
UK regulators have imposed a ban on operating Boeing 777s fitted with Pratt & Whitney PW4000-112 engines until protective action is carried out, following the powerplant failure on a United Airlines 777-200 over Denver. The UK Civil Aviation Authority says it is taking the “precautionary measure” until “appropriate safeguards” are ...
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NewsDutch probe shedding of 747 freighter engine parts over Maastricht
Dutch investigators have opened an initial probe into an incident in which a Boeing 747-400 freighter apparently shed engine parts after departure from Maastricht. The aircraft had “engine problems” and lost several metal parts after it took off from Maastricht-Aachen airport on 20 February, before diverting to Liege, says the ...
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NewsS7 Airlines takes delivery of its first 737-800 converted freighter
Russian carrier S7 Airlines has taken delivery of the first of a pair of Boeing 737-800 converted freighters. The aircraft are being leased to the airline by GECAS. Freight division S7 Cargo will take responsibility for commercial management of the 737-800BCF aircraft’s capacity. The first aircraft (VP-BEN) was transferred to ...
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NewsAir France-KLM aims to emerge leaner from Covid-19
Air France-KLM has warned that, with no sign of a recovery from currently dire trading conditions, it plans to shrink and become a leaner, more efficient outfit.
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NewsAirbus details progress with workforce reduction programme
Airbus estimates that 7,500 personnel remain subject to the manufacturer’s restructuring plan, which involves substantially reducing its workforce, particularly in the air transport sector. The airframer says that, as of 31 December 2020, these included some 6,100 personnel in the commercial aircraft division. Airbus originally intended to cut around 15,000 ...
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NewsMontenegrin state buys two E195s from GECAS
The Montenegrin government has decided to buy two Embraer 195s on lease to Montenegro Airlines from GECAS, rather than incur charges from early cancellation of the leases.
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NewsAirbus encouraged by rising export-credit support for deliveries
Airbus is encouraged by evidence of increasing engagement with export-credit agencies to support aircraft deliveries. Chief financial officer Dominik Asam, speaking during an 18 February briefing, said the airframer was trying to “resuscitate” export-credit financing, stating that the proportion of deliveries with such support has risen to 10% from 2% ...
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NewsAirbus strives for break-even on A220 and low-rate twin-aisles
Airbus is intending to achieve break-even on its twin-aisle programmes at the reduced rate of production, while it acknowledges that a shift in demand mix puts increased pressure on its loss-making A220 lines.
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NewsFinnair looks to summer recovery as loss run continues into 2021
Finnair expects first quarter losses to be comparable to the levels lost in the three quarters since the pandemic hit after today disclosing a full-year operating loss of €595 million ($718 million).
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NewsAir France-KLM braced for tough first quarter after €7bn loss in 2020
Air France-KLM is warning of an even more challenging first quarter of 2021 before it hopes to lift capacity in the summer after today posting a group net loss of €7.1 billion ($8.6 billion) for the pandemic-hit 2020
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NewsAirbus brings year-end inventory level below 2019 figure
Airbus brought its inventory figure down to €30.4 billion at the end of 2020, below the previous year-end level of €31.5 billion. The inventory figure had sharply increased over the course of the year, reaching €37.5 billion during the first half, as deferrals and delivery difficulties meant Airbus experienced a ...