Europe – Page 229
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NewsAustrian plans further restructuring amid stalled recovery
Austrian Airlines is planning to implement further restructuring measures in response to lower-than-predicted travel demand amid the current wave of Covid-19 infections. The Lufthansa Group carrier says it is currently operating around 15% of pre-crisis capacity. It had previously forecast that the level would reach 50% during the winter season ...
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NewsAeroflot losses hit $1.3 billion in 2020
Russian flag carrier Aeroflot incurred a net loss in 2020 amid slumping revenue as passenger numbers were hammered by the Covid-19 crisis.
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NewsSkyGuardian’s UK visit to showcase Protector, maritime capabilities
General Atomics Aeronautical Systems will deploy a company-owned and -operated MQ-9B SkyGuardian unmanned air vehicle to the UK in July.
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NewsAirbus intends ETOPS for BelugaXL to support transatlantic operations
Airbus is to seek extended twin-engined operations (ETOPS) approval for the BelugaXL outsize transporter, in order to support commercial services involving overwater flights. Three BelugaXLs, based on the A330, have been built, the most recent introduced in October 2020. Another three will be manufactured, the last two of which will ...
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NewsRAF welcomes fifth Poseidon MPA at Lossiemouth base
The UK Royal Air Force’s P-8A Poseidon MRA1 maritime patrol aircraft fleet has been boosted by the arrival of its fifth example of the adapted Boeing 737NG.
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Airline BusinessAirline coronavirus recovery tracker: February 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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NewsRival bidders link up to secure $4.7bn Signature Aviation takeover
Rival bidders for fixed-based operations specialist Signature Aviation have agreed a combined acquisition of the company, prompting the withdrawal of a previously-recommended takeover offer. A newly-formed UK-registered company, Brown Bidco, is being formed by investors Global Infrastructure Partners, Blackstone, and Cascade. GIP and Blackstone will each indirectly hold 35% of ...
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NewsLessors raise concerns over Norwegian aircraft returns
Law firms representing Norwegian’s lessors and creditors have raised concerns over the airline’s bid to repudiate 36 aircraft leases under its restructuring process.
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NewsWizz to close Trondheim base
Wizz Air is to close its recently opened Tronheim base as Covid-19 continues to disrupt air travel in Norway.
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NewsLufthansa repays KfW loan early after €1.6bn bond issue
Lufthansa Group is to pay back early its loan from financial firm KfW following the German airline company’s issuing of €1.6 billion in bonds. The group says it has placed the bonds in two tranches, with terms of four and seven years. Lufthansa’s initial tranche of €750 million runs to ...
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NewsNorwegian flew eight aircraft on average in restriction-hit January
Restructuring low-cost carrier Norwegian operated an average of just eight aircraft in January as a result of services curtailed by travel restrictions.
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NewsAirline passenger traffic saw sharpest decline in history during 2020
The coronavirus-ravaged airline industry experienced its sharpest-ever decline in passenger demand during 2020, as global traffic fell 65.9% from 2019 levels, according to full-year data released by IATA today.
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NewsSpanish long-haul start-up World2Fly plans transatlantic services
Newly-established Spanish operator World2Fly is seeking to open transatlantic services to US destinations. The airline – which has ambitions to operate Airbus A350s – has obtained an A330-300 formerly used by Spanish carrier Air Europa. This aircraft (EC-LXR) is powered by Rolls-Royce Trent 700 engines and was originally delivered to ...
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NewsNew Belavia chief prepares for 737 Classic withdrawal
Belarusian flag-carrier Belavia is intending to stop operations with its older-generation Boeing 737s as it looks towards taking the 737 Max. Belavia has appointed a new general director, former marketing director Igor Cherginets, to succeed long-term airline chief Anatoly Gusarov. Cherginets says the airline is planning to modernise with the ...
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NewsAir cargo demand decline in 2020 ‘worst since records began’
The air cargo sector – touted as the airline industry’s bright spot during the coronavirus crisis – saw its largest year-on-year fall in demand since IATA records began during 2020, although the final quarter brought signs of the gap closing.
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NewsWizz to open Sarajevo base in May
Central European budget carrier Wizz Air is establishing a base in Sarajevo, in an effort to boost its market position in Bosnia and Herzegovina.
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NewsIATA outlines scenario where Covid variants pummel 2021 traffic
The global airline industry might only see traffic growth of around 13% from 2020 levels this year amid the impact of new variants of Covid-19, according to a potential scenarios presented by IATA.
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NewsAirbus separates A321XLR aft-fuselage work to avoid disrupting assembly line
Airbus is establishing a separate production line at its Hamburg Finkenwerder plant which will be dedicated to assembling the aft fuselage of the long-range A321XLR. This fuselage section is heavily modified from the regular A321neo, featuring a newly-designed integrated large rear centre tank and fuel-mangement system which will be specific ...
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NewsUK advertising body rules Ryanair vaccine claims ‘misleading’
The UK Advertising Standards Authority has ruled that Ryanair “Jab and go” television advertisements must not be broadcast again in forms that attracted more than 2,300 complaints.
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In depthKiev blocks Chinese bid for engine manufacturer Motor Sich
Ukrainian president Volodymr Zelensky appears to have shut down China-backed firm Skyrizon’s long-running effort to acquire engine maker Motor Sich.