Europe – Page 290
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NewsSpain’s Volotea grounds fleet until 8 April
Volotea has announced the temporary grounding of its entire fleet until at least 8 April, sending home 1,100 of its employees in Spain, France and Italy over this period.
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Airline BusinessWhich European carriers are suspending all flights because of coronavirus
European carriers have over the past week been announcing increasingly large cuts to their services, as country’s tighten their border controls. A number have called a halt to flights altogether for the coming weeks - or will just operate a few flights to accomodate returning nationals
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NewsGovernments could offer certainty by taking Airbus deliveries: research note
Governments should buy up to 600 aircraft from Airbus over the next three years, as a measure to sustain the airline and aerospace industries, according to a research note from US financial services firm Jefferies Group. Airbus deliveries might fall to some 600 aircraft per year – compared with 863 ...
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NewsLondon Heathrow operations to ‘shrink’ during outbreak
London Heathrow is to restructure and “shrink” the hub’s operations while the coronavirus situation persists, the airport’s operator has advised. The airport will remain open, enabling vital freight services – as well as a limited number of passenger services – to continue. But the operator warns that its financial performance ...
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NewsLuxair to suspend flights from 23 March
Luxair has become the latest European carrier to announce it will temporarily suspend flights, calling a halt to its operations from 23 March.
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NewsSAS in line to benefit as Sweden approves credit guarantees
Sweden’s national legislature has rapidly approved a proposal to issue credit guarantees of up to SKr5 billion ($488 million) to airlines, of which SKr1.5 billion will be allocated to SAS. Under the agreement the state will guarantee commercial loans to airlines affected by the coronavirus crisis. “The matter was decided ...
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NewsFinnish government agrees to guarantee €600m loan to Finnair
Finland’s government has provisionally agreed to provide a state guarantee of up to €600 million to assist flag-carrier Finnair, although the measure still needs parliamentary consent. Its economic policy committee met to consider the guarantee on 19 March. Finnair is state-controlled, with nearly 56% of the carrier owned by the ...
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NewsAir Baltic joins calls for sector-wide support
Air Baltic is urging government assistance for the airline industry amid the coronavirus crisis. As the Latvian carrier reported a net loss of €7.7 million ($8.2 million) for 2019, chief executive Martin Gauss noted that, given the sector’s vulnerability to the outbreak, “state support for airlines in general might be ...
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News‘This is really about industry survival’: EasyJet chief
EasyJet chief executive Johan Lundgren has warned that the aviation industry is facing its worst crisis in history – one that is threatening many carriers with bankruptcy. “This is really about industry survival,” he told ITV’s Robert Peston in a television interview on 18 March. “What we have been asking ...
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NewsNorwegian offered largest share of airline state guarantee package
Norway’s government is providing a conditional state loan guarantee for its aviation industry amounting to NKr6 billion ($533 million), and is securing a minimum level of flight operations in the country. Half of the funding, NKr3 billion, will be directed at embattled budget operator Norwegian, with another NKr1.5 billion for ...
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NewsMeggitt races to develop coronavirus ventilator
UK manufacturer heads an aerospace team looking to meet urgent government need for life-saving kit
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NewsSwiss ponders full operational stop amid ‘draconian’ restrictions
Swiss International Air Lines is considering a full suspension of flights, following the lead of other carriers within Lufthansa Group, which as a whole has shed 95% of its planned capacity.
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NewsIATA blasts new EU passenger rights guidance during pandemic
Airline passengers whose flights are cancelled as a result of the coronavirus outbreak will be able to choose between having the cost of their ticket reimbursed or rebooking on to a later flight under new European Union guidelines, a move that has prompted “dismay” at IATA.
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NewsThree runways to close at main Paris airports
Paris Charles de Gaulle airport is set to close two runways within days, providing additional space on which to park aircraft grounded by the coronavirus crisis. NOTAM information issued for the French capital hub on 19 March states that both runway 08R/26L and the parallel 08L/26R will be shut from ...
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NewsJet2 parent pulls profits guidance as carrier suspends flights until May
Parent of UK leisure carrier Jet2 has pulled its full-year financial guidance after the operator was forced to cancel all flying until 1 May following the widespread introduction of travel restrictions across Europe.
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NewsLufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to counter this ...
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NewsThomas Cook failure crippled passengers' protective trust fund
Leisure firm Thomas Cook Group’s collapse resulted in a £481 million drain on the protective Air Travel Trust Fund, leaving the fund with sparse resources, a UK National Audit Office investigation states. While the Civil Aviation Authority expects the fund to remain in surplus, the investigation points out that it ...
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NewsRyanair may shut down all operations from 24 March
Ryanair is cutting 80% of its scheduled flights and could ground its entire fleet in response to the coronavirus.
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NewsAir Malta to suspend all flights as government imposes travel ban
Air Malta is suspending operations, following a decision by the Maltese government to ban all commercial air travel to the country because of the coronavirus outbreak.
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NewsEBAA calls on governments to support Europe’s business aviation community
The European Business Aviation Association (EBAA) is calling on the continent’s governments and legislators to support the sector throughout the current crisis as the COVID-19 pandemic forces the grounding of many aircraft and the livelihoods of a host of firms.