Europe – Page 300
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Airline BusinessNorwegian counts costs of 737 Max and Trent 1000 disruptions
Norwegian estimates that disruption from the Boeing 737 Max grounding and ongoing issues with the Rolls-Royce Trent engines on its 787 fleet have led to a combined NKr1.7 billion ($183 million) net loss for 2019.
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NewsA330-800 secures joint European and US certification
European and US authorities have granted joint type certification to the Airbus A330-800, the smaller variant of the re-engined A330neo family. FlightGlobal had earlier reported that the aircraft was set to receive European Union Aviation Safety Agency and US FAA certification on 13 February. Airbus has confirmed that both authorities ...
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NewsAirbus takes €100m charge to restructure key fuselage supplier
Among the charges disclosed by Airbus in its full-year financial results is a €103 million figure relating to efforts to turn around German aerostructures firm Premium Aerotec. Airbus says the charge relates to a restructuring plan for the Augsburg-based company which is intended to improve the company’s position. “We want ...
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NewsNorwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.
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NewsAirbus to cut A330 output and keep A350 rate level
Airbus is to cut production of its A330 line to 40 aircraft this year, and will keep A350 monthly output to between nine and 10 aircraft. The decision is a consequence of “overall customer demand” in the twin-aisle sector, says the airframer. Chief executive Guillaume Faury, speaking in Toulouse on ...
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NewsAegean reveals rebrand as first A320neo arrives
Aegean Airlines has unveiled its new livery on the first Airbus A320neo to be delivered.
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NewsAirbus sees ‘clear path’ to small hike in A320 production
Airbus indicates that it sees potential for a further small hike in A320-family monthly production rates beyond the 63 already planned for 2021. The airframer says it “sees a clear path” to increasing the rate by one or two aircraft per month for 2022 and 2023 – potentially taking the ...
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NewsPenalties cut into Airbus full-year performance
Heavy penalties on Airbus imposed under the €3.6 billion deferred prosecution agreement, as well as other charges, have cut into the company’s full-year results, leading to its formally reporting a consolidated net loss of €1.36 billion. The penalty is part of an overall €5.6 billion negative impact on the full-year ...
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NewsAirbus takes 75% of A220 programme as Bombardier exits
Airbus is increasing its share in the A220 programme to 75%, with the Canadian government’s Investissement Quebec holding the 25% balance, as Bombardier exits from the former CSeries partnership. The European airframer has confirmed that, under the revised ownership agreement for Airbus Canada Limited Partnership, the Investissement Quebec share will ...
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NewsNew Air Baltic A220 latest to suffer engine failure
Investigators have disclosed that a new Air Baltic Airbus A220-300 which diverted to Bordeaux on 12 February had suffered an engine failure. While the details of the failure, in the left-hand Pratt & Whitney PW1500G powerplant, have yet to be disclosed, the incident follows a series of engine failures on ...
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NewsTurkey’s AtlasGlobal reportedly set to halt flights again
Turkish media are reporting troubled local operator AtlasGlobal is to cease operations again, less than two months after restoring flights.
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NewsEngine pylons completed for first PD-14-powered MC-21
Russian airframer VASO has completed the first engine pylons for the Irkut MC-21 intended for installation of Aviadvigatel PD-14 powerplants. The Voronezh-based manufacturer says the latest assemblies bring the total number of pylon sets to 12. While MC-21s so far assembled have all comprised Pratt & Whitney PW1400G-powered airframes, Irkut ...
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NewsEurowings promotes sales head to chief commercial officer
Eurowings has promoted its vice-president of sales Oliver Schmitt to become chief commercial officer of the Lufthansa low-cost unit.
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NewsVirgin Atlantic to resume Cape Town flights after six year absence
Virgin Atlantic is resuming seasonal service to Cape Town, six years after axing the South African city from its network.
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NewsMetal Master readies production-conforming Flaris LAR 1 for flight-testing
Polish start-up Metal Master is preparing the production-conforming Flaris LAR 1 flight-test aircraft for its maiden sortie in early April, as it set its sights on Polish certification for the five-seat, high-performance personal jet in the fourth quarter.
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Airline BusinessHow low-cost carriers have capitalised on Italian airline failures
No European country’s carriers have struggled to secure or retain a leading presence in their own market more than Italian operators, as the collapse of Air Italy further illustrates.
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Airline BusinessWhy did Air Italy fail?
Air Italy’s collapse on 11 February reflects its inability to overcome a number of challenges in an Italian market that continues to be as tantalising for new entrants as it is punishingly tough on them.
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NewsAir Italy to cease operations despite Qatar Airways support
Italian operator Air Italy, part-owned by Qatar Airways, is to cease operations, with services being taken over by other operators effective immediately. Air Italy’s shareholders have opted to place the carrier in liquidation following an 11 February meeting. Source: Air Italy Air Italy’s long-haul fleet includes A330s but ...
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NewsRegional aircraft lessor NAC picks former ATR chief for CEO role
Former ATR chief Patrick de Castelbajac is set to head Nordic Aviation Capital (NAC) from the second half of 2020 as Soren Overgaard leaves the role.
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NewsTUI extends 737 Max replacement to full year
Leisure operator TUI has opted to obtain replacement capacity for its Boeing 737 Max fleet for the entire current financial year. The company is expecting the costs for the prolonged grounding to reach €220-245 million for 2019-20, a slightly narrower range than it had predicted during 2018-19 full-year results in ...