Europe – Page 260
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NewsRolls-Royce weighs ITP Aero disposal as civil aerospace activity buckles
Rolls-Royce is weighing the disposal of its ITP Aero division as a halving of flying hours, depressed deliveries, and heavy exceptional charges sent its civil aerospace division into an underlying gross loss of more than £1.5 billion ($2 billion). It says it is reviewing its portfolio to identify assets “no ...
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NewsVertical Aerospace unveils gull-winged eVTOL design
UK start-up Vertical Aerospace has unveiled the design of its electric vertical take-off and landing (eVTOL) aircraft that will enter series production, and says it aiming to begin the “pioneering, affordable” gull-winged air taxi to market in 2024.
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NewsCzech carriers apply for protection to stabilise finances
Czech operator Smartwings Group has formally sought temporary creditor protection to buy time to achieve financial stability during the air transport downturn. Smartwings Group, which includes both Smartwings and Czech Airlines, says it has filed with a Prague court for an extraordinary moratorium. The temporary measure provides space to negotiate ...
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NewsLondon Gatwick operator plans to cut a quarter of workforce
London Gatwick airport’s operator is proposing to axe 600 jobs across its business, about a quarter of its employees, as a result of the air transport downturn. It will enter a formal consultation process with employees to discuss the restructuring. Gatwick is managed by a venture between Vinci Airports, which ...
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NewsAir Baltic half-year net loss grows sevenfold amid crisis
Latvian carrier Air Baltic generated a €185 million ($215 milion) net loss during the first six months 2020, representing a nearly sevenfold increase from a €26.6 million loss in the same period last year.
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NewsGermany to abandon airport testing and reimpose quarantine
Germany is expected to announce this week that it will replace Covid-19 testing at airports for passengers from high-risk countries with a mandatory quarantine period of up to 14 days, prompting dismay from airline representatives.
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NewsAviastar tests new robotic line to accelerate Il-76 assembly
Russia’s United Aircraft has introduced a new automated production line for Ilyushin Il-76MD-90A heavy transports which is intended to enhance substantially the assembly process. The technological processes are being tested at the Aviastar manufacturing facility in Ulyanovsk. Compared with the previous traditional process, the automated line will reduce by four ...
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NewsCrisis interrupts Croatia Airlines talks to cancel A320neo order
Croatia Airlines has disclosed that it has been discussing the cancellation of its Airbus A320neo order, the latest twist in a single-aisle situation dating back 12 years. Its order for four of the re-engined jets was placed in September 2015 – four months before the type entered service – with ...
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NewsVirgin Atlantic creditors back rescue plan
Virgin Atlantic’s recapitalisation efforts have been boosted after creditors voted in favour of its restructuring plan.
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NewsEurope’s air travel recovery runs out of steam
The rebound in the levels of aircraft being operated in Europe has stalled, with indications that several airlines are beginning to pull back on capacity.
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NewsFinnair to cut 1,000 jobs and continue temporary layoffs
Finnair has started negotiations to cut up to 1,000 permanent jobs – 15% of its total workforce – amid “exceptionally tight” travel restrictions in its home country.
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NewsFinnair seals A350 sale-and-leaseback to bolster cash position
Finnair has flagged an immediate positive cash effect in excess of €100 million after finalising the sale-and-leaseback of one of its Airbus A350 aircraft.
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NewsSAS impairs older fleet as it pushes back Airbus deliveries
SAS has pushed back deliveries of two Airbus A350-900s and eight A320neos, which will reduce the Scandinavian operator’s capital expenditure for 2021-24. But the company insists it is “still committed” to achieving an all-Airbus fleet by 2023, to reduce fuel consumption and maintenance costs. “We have made progress on our ...
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NewsManchester airport shuts one of its terminals again as recovery stalls
Manchester airport is to temporarily close one of its terminals again from next month in a further sign of the slower-than-hoped-for pick-up in travel demand.
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NewsCargolux paints surgical mask on nose door of Boeing 747-8F
The paint scheme is intended to highlight the ”airline’s commitment to the fight against Covid-19”.
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NewsBrussels Airlines gets approval for €290 million bailout
European competition regulators have given the green light for a €290 million ($343 million) state-support measure for Brussels Airlines to help the carrier recover from the coronavirus crisis.
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NewsAirlines walk tightrope on pilot furloughs
Airlines find themselves facing a critical dilemma as they resize their networks for a new post-coronavirus normal, and must walk a tightrope between furloughing pilots and keeping them on staff to maintain their network flexibility, experts say.
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NewsLufthansa ticket refund bill reaches €2.3 billion
Lufthansa Group has disclosed it paid more than €2.3 billion ($2.7 billion) in ticket refunds to almost 5.4 million customers so far this year.
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NewsAirline Business podcast: uncertainties prevail after bleak Q2 results
Graham and Lewis discuss a bleak financial results season, as airlines count the costs of a ruinous April-June period while grappling with a bumpier-than-expected comeback in the current quarter.
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NewsBritish Airways’ union calls for strike action
British Airways staff represented by the Unite union have “overwhelmingly” called for strike action over the airline’s plans for job losses and changes to employment terms.