Europe – Page 234
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NewsAir travel demand flatlined in November: IATA
Air travel demand remained sharply down in November, IATA’s latest industry statistics show, as resurgent Covid-19 cases and renewed travel restrictions battered passenger confidence.
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NewsLufthansa raises €500 million with A350s and A320s as security
Lufthansa has used eight of its aircraft as security in a range of financing transactions which have raised €500 million ($614 million) since last July.
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NewsFrance conducts improved ASMPA nuclear missile test shot from Rafale
France has performed a first test firing of an updated MBDA ASMPA nuclear missile from a Dassault Rafale fighter.
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NewsUK signs Spear 3 missile production deal for F-35 fleet
The UK Ministry of Defence has awarded MBDA a £550 million ($750 million), seven-year demonstration and manufacturing contract for its Spear 3 air-to-surface missile, which will arm its Lockheed Martin F-35Bs.
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NewsUK’s Titan receives first of three converted A321 freighters
UK operator Titan Airways’ is to introduce three Airbus A321 converted freighters to its fleet, with the first one newly redelivered from modification specialists ST Engineering and EFW. Powered by CFM International CFM56 engines, the aircraft, MSN1238, was originally delivered to MyTravel Airways in 2000, and subsequently operated by Thomas ...
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NewsRyanair cuts passenger forecast as it condemns latest travel restrictions
Ryanair has cut its full-year activity forecast after tighter travel restrictions in the UK threatened to limit its passenger numbers over its fiscal fourth quarter. The airline expects to have transported 26-30 million passengers by the end of the year, compared with its previous forecast of up to 35 million. ...
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NewsGovernment deposits initial funding for Montenegro Airlines successor
Montenegro’s government has acted swiftly to start establishing a successor to the country’s defunct flag-carrier Montenegro Airlines. The carrier ceased operations on 26 December after the government refused to continue supporting the heavily-indebted company. But the government has formally registered a new company, depositing €4 million ($4.9 million) in founding ...
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NewsEasyJet to slash network amid UK lockdown
EasyJet is paring back its operations to just “essential connectivity” between key UK cities and select international routes, as the low-cost carrier’s home country enters a further national lockdown. Existing operations will run up to and including 10 January, to enable passengers to return to the UK, after which the ...
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NewsAirbus UK's Bennett to head technology initiative HVM Catapult
Airbus senior vice-president Katherine Bennett is to step down from heading the airframer’s UK division, to lead HVM Catapult, a specialist organisation developed to provide a manufacturing gateway for promising technologies. Bennett, who will succeed retiring chief executive Dick Elsy later this year, says the organisation will contribute to the ...
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NewsEC clears Germany to provide TUI with up to €1.25 billion
Germany’s plan to contribute up to €1.25 billion ($1.53 billion) to TUI’s recapitalisation has been approved by the European Commission, which says the Hannover-headquartered group is facing “a risk of default and insolvency”. The state recapitalisation includes a €420 million silent participation, convertible into shares, by German government fund WSF, ...
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NewsEasyJet restricts voting power of shares held by non-EU interests
Budget carrier EasyJet has started suspending voting rights for certain shares which are still held by non-European Union interests, in order to comply with EU ownership regulations. EasyJet holds an EU operating licence and, as a result, needs to be majority-owned by EU and associated nationals. But EasyJet’s shareholder structure ...
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NewsRyanair, Wizz ended 2020 with traffic still in the doldrums
Low-cost carriers Ryanair and Wizz Air saw another month of heavy traffic decline in December, as respective passenger numbers fell by 83% and 80% against the same month in 2019.
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NewsBombardier completes acquisition of Berlin service center
Bombardier has acquired 100% of an aircraft service centre in Berlin, buying out partners amid a broader effort by the Canadian company to expand its aircraft service business.
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NewsRecovery in flight numbers not likely until 2026: Eurocontrol
Eurocontrol does not expect flight numbers in European airspace to recover to 2019 levels until 2026, according to its latest projection.
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NewsGovernment reinforces Air Serbia as turbulence rocks Balkan carriers
Serbia’s government has reinforced its position in flag-carrier Air Serbia, as the air transport system of the former Yugoslavia continues to suffer with the collapse of Montenegro Airlines. Air Serbia emerged in 2013 as the former Jat Airways – a successor to Yugoslav operator JAT – underwent a revamp through ...
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NewsNordica to buy out LOT stake in regional unit Xfly
Estonian carrier Nordica has reached agreement with LOT Polish Airlines to acquire its 49% share in Xfly, making it the sole owner of the regional capacity provider.
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NewsIAG welcomes UK-EU liberalisation clause as it adapts ownership structure
British Airways and Iberia parent IAG has welcomed the recognition of airline ownership liberalisation contained within the text of the new UK-European Union trade agreement. Ownership has been an issue for IAG during the UK’s withdrawal from the EU, because IAG controls both UK and EU carriers. IAG has been ...
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NewsSwedish debt authority grants guarantee to regional carrier BRA
Sweden’s national debt office has given a guarantee for a SKr200 million ($24 million) loan intended for Braathens Regional Airways. The guarantee covers 90% of the principal for the loan, which will run for five years. Sweden’s government has mandated the debt office to provide the guarantees to mitigate the ...
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NewsUS hits Europe with new tariffs on aircraft parts
The Office of the US Trade Representative (USTR) has placed new tariffs on aircraft manufacturing parts as well as some alcohol products from the European Union in an ongoing transatlantic spat about aerospace subsidies.
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NewsVolga-Dnepr starts restoring An-124 fleet to operation
Russian outsize freight specialist Volga-Dnepr is resuming commercial operations with its Antonov An-124 fleet, a month after suspending use of the type. The operator temporarily withdrew the cargo transporter from service after the 13 November accident at Novosibirsk in which one of its An-124-100s suffered an uncontained engine failure and, ...