Europe – Page 42
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NewsFinnair obtains €570m, including loan offset, from new share issue
Finnair has revealed that its rights issue – which was slightly oversubscribed – has raised just over €570 million ($620 million) in gross proceeds, including a €318 million commitment from the Finnish government. Net proceeds from the issue are around €558 million. The carrier had disclosed plans for a new ...
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NewsGeneral Atomics touts STOL wing for MQ-9B after Mojave carrier debut
General Atomics Aeronautical Systems sees the UK and several other nations as potential future customers for a version of its MQ-9B unmanned air vehicle adapted for short take-off and landing (STOL) operations.
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NewsAirbus begins derisking studies for A330neo-based tanker
Airbus Defence & Space has begun derisking studies for an A330neo-based version of its Multi-Role Tanker Transport which could begin arriving by the end of the decade.
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NewsSlovenia confirms order for second C-27J Spartan transport
Slovenia has finalised a contract to acquire a second Leonardo C-27J tactical transport, the airframer has announced.
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NewsIAG eyes operating margin of 12-15% in medium-term
British Airways and Iberia parent IAG has set itself a medium-term profits target of delivering an operating margin of 12-15%.
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NewsItalian government objects to Safran’s proposed acquisition of Collins arm
French aerospace firm Safran’s proposed acquisition of Collins Aerospace’s actuation and flight-control arm has hit a snag after the Italian government opposed part of the sale. The Italian government has objected to the acquisition of Microtecnica, a company holding relevant assets in Italy, and exercised its ‘golden power’ veto. Safran ...
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NewsItaly’s ITA Airways seals codeshare with Korean Air
Italian carrier ITA AIrways has agreed a codeshare deal with SkyTeam partner Korean Air.
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NewsRAF’s lead Protector makes debut flight from Waddington home
A Protector RG1 remotely piloted air system has made its first flight from the Royal Air Force’s (RAF’s) Waddington base in Lincolnshire.
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NewsUnmanned Mojave makes trials debut aboard UK’s HMS Prince of Wales
General Atomics Aeronautical Systems’ Mojave unmanned air vehicle has conducted an initial trial from the UK Royal Navy aircraft carrier HMS Prince of Wales.
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NewsCompetition regulator warns Norwegian it is considering blocking Wideroe merger
Norway’s competition regulator has notified Norwegian that it is considering blocking its planned acquisition of domestic carrier Wideroe.
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NewsShareholders agree loans to support war-affected Tus Airways
Cypriot-based carrier Tus Airways is to receive financial support through a shareholder loan, as the airline adjusts to disruption caused by the Israel-Gaza conflict. Tus Airways had been operating services to Israel after the outbreak of hostilities in early October – although traffic volume was low – but the cancellation ...
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Airline BusinessAirline Business Covid-19 recovery tracker: November 2023 update
Our regular examination of the latest global data for several key airline market indicators, including 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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NewsDelta and Air Baltic launch codeshare partnership
Delta Air Lines and Latvia’s Air Baltic have launched a codeshare partnership due to begin this month.
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NewsNATO to buy six Boeing E-7A Wedgetails for initial AEW&C transformation
NATO plans to acquire six Boeing E-7A Wedgetail aircraft for introduction from early next decade, as part of preparations to draw down its veteran Boeing E-3A airborne warning and control system fleet.
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NewsUS airlines welcome Dutch government’s about-face on Schiphol slot cuts
US airlines are celebrating news that the Dutch government has backed off a plan to reduce the number of flights at Amsterdam’s Schiphol airport next year.
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NewsMTU advances next-generation powertrain projects
MTU Aerospace continues to progress two next-generation propulsion concepts with that activity buoyed by the recent award of EU funding to accelerate work on a fuel cell powertrain.
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NewsLessor Abelo makes beeline for more ATRs
Recently formed regional aircraft lessor Abelo has returned to ATR for another batch of up to 20 aircraft, potentially doubling its commitment for the twin-turboprop type.
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NewsConversion momentum builds as IAI inducts more 777-300ERs for modification
Israel Aerospace Industries has completed two Boeing 777-300ER freighter conversions, and is in the process of modifying another three, with the aircraft due to enter service next year. One aircraft (N778CK) is undertaking the flight-test and certification programme, while a second (N779CK) is being displayed at the Dubai air show. ...
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Airline BusinessWhy start-up Play is not rushing for growth despite reaching profit landmark
Icelandic budget carrier Play turned its first profit in the third quarter after a bright summer, but two and half years into the project, chief executive Birgir Jonsson is making sure the airline does not drift away from the basics
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NewsLeonardo eyes sales boost from higher gross weight AW169
Leonardo Helicopters is presenting its skid-equipped AW169 at the Dubai air show, fresh from announcing a pair of performance upgrade kits for the intermediate-twin. On 30 October, the Italian airframer revealed an optional 300kg (660lb) increase in maximum take-off weight for the AW169, to 5.1t, alongside a new 11-passenger configuration ...