Europe – Page 45
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Airline BusinessWhy the airline industry’s net-zero effort is likely to push fares higher
More airline leaders are starting to openly acknowlege that the extra costs associated with the industry’s net-zero transition through to 2050 are almost guaranteed to increase in ticket prices for consumers and impact the pace of the sector’s growth.
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NewsDufour Aerospace targets medevac and cargo missions with tilt-wing Aero3
Hybrid-electric aircraft developer Dufour Aerospace is aiming its proposed vertical take-off and landing vehicle at pre-existing helicopter markets, hoping to leave competitors behind with a fast and efficient cruise stage.
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NewsNorwegian cuts weight of on-order Max jets as it ‘pushes hard’ on costs
Scandinavian low-cost carrier Norwegian is working on raft of measures to offset the impact of the high-cost environment, including through the removal of certain “add-ons” from its incoming Boeing 737 Max jets.
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NewsNorwegian cautiously positive on booking trends after strong summer
Scandinavian low-cost carrier Norwegian has reported “encouraging” booking trends through to the end of the year, after it achieved its second-highest-ever operating profit during the third quarter.
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NewsTurkish Airlines lifts Q3 profits by one quarter
Turkish Airlines’ profits climbed by around one quarter for the three months ended 30 September as improving passenger revenues outweighed a drop in cargo turnover during the period.
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NewsStretched Ilyushin Il-96-400M carries out maiden flight
Russia’s United Aircraft has carried out the maiden flight of its Ilyushin Il-96-400M, a stretched and modernised version of the four-engined airliner. The Il-96-400M – rolled out in the aerospace firm’s corporate livery earlier this year – took off from Voronezh on 1 November for a 26min sortie. United Aircraft ...
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NewsLufthansa sticks to full-year outlook after Q3 profits climb to €1.5bn
Lufthansa Group is sticking to its full-year profit expectations despite rising fuel costs, after posting a third quarter operating profit of €1.47 billion ($1.55 billion) on continued strong demand.
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NewsNorse Atlantic aims to shore up liquidity as it turns in profitable third quarter
Scandinavian long-haul operator Norse Atlantic Airways is looking at additional financing to support the company through the winter season, while also embarking on a strategic review to explore opportunities with industrial players. Norse Atlantic says it is considering supplementary fundraising of up to $45 million to “improve liquidity” through the ...
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NewsLufthansa completes sale of remaining catering business
Lufthansa Group has finalised the sale to private equity firm Aurelius Group of the remaining part of LSG Group, completing the divestment of its catering business.
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NewsPolish army formally receives first two AW149 helicopters
The Polish army’s first two Leonardo Helicopters AW149s were handed over to its 25th Air Cavalry Brigade on 30 October.
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NewsIAG positive on outlook but ‘mindful’ of geopolitical issues
While IAG gave relatively little away in terms of its full-year guidance after posting a strong set of third-quarter profits, this perhaps reflects confidence in the return of the fundamentals of the business more than a lack of visibility. IAG lifted operating profits 43% to €1.75 billion ($2.05 billion) in ...
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NewsFrench general underlines importance of stealth, manoeuvrability for NGF
A French general has underlined that the New Generation Fighter (NGF) being developed by France, Germany and Spain will rely heavily on stealth and manoeuvrability, even though it will be far more than a traditional fighter aircraft.
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NewsRussian developer starts shipping domestically-built avionics for MC-21
Russian state technology corporation Rostec has shipped the first domestically-built avionics equipment for the Yakovlev MC-21. The equipment – system control panels and lighting for the cockpit – has been developed by radio-electronic specialist KRET’s Ulyanovsk instrumentation design bureau. Russia’s government has been pursuing a programme of import substitution, to ...
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NewsNorway orders six MH-60R Seahawks from Sikorsky to replace NH90s
Oslo’s purchase of Seahawk helicopters for the Norwegian coast guard comes just weeks after Madrid signed a deal with Sikorsky to supply MH-60Rs for the Spanish navy.
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NewsAirbus details range expectations from latest A350-1000 weight increase
Airbus expects the range of its A350-1000 to increase by around 180nm following a hike in the twinjet’s maximum take-off weight. The airframer is raising the take-off weight to 322t – an increase of 3t – and says this will stretch the aircraft’s range to some 8,900nm at maximum passenger ...
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NewsLufthansa Group carriers aim to source 2,000 pilots over next two years
Lufthansa Group is aiming to recruit more than 2,000 pilots over the next two years in order to meet increasing demand. The company – which is commencing services with its new City Airlines operation next year – has embarked on a promotional campaign to source more cockpit crew. Lufthansa Group ...
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NewsAir France-KLM foresees ‘biggest benefits’ from SAS joining transatlantic JV
Air France-KLM sees SAS’s eventual membership of its transatlantic joint venture as the “biggest benefit” from its investment in the carrier, arguing that the Scandinavian operator has been “held back” from from fully capitalising on its strengths.
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NewsIAG carriers top pre-Covid levels as group posts Q3 profit of €1.7bn
IAG posted a 43% jump in operating profits to €1.75 billion ($2.05 billion) for the third quarter on continued strong demand which drove passenger revenues up a fifth for the period.
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NewsAir France-KLM cites strong summer demand as Q3 operating profit hits €1.3bn
Air France-KLM saw its operating performance hit record levels during the peak summer months amid strong passenger demand, prompting it to maintain a positive outlook for the rest of the year.
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NewsBaltic operator Heston Airlines obtains investment from lessor Genesis
Lithuanian operator Heston Airlines has obtained investment from Irish-based lessor Genesis, which is taking a minority shareholding. Neither the size of the investment nor that of the share has been disclosed. But the agreement underpins a partnership which has been in place since 2020. The Vilnius-based carrier commenced flights in ...