Europe – Page 49
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NewsFinnair to cut debt costs and reinforce finances with €600m share issue
Finnair is intending to reinforce its financial position with a share issue aimed at raising €600 million ($632 million) during the fourth quarter of this year. The airline says the Finnish government, its main shareholder, is supporting the rights issue, along with other interested parties. Finnair says it will use ...
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NewsIsraeli authorities ‘effectively’ mitigating conflict risks to air traffic: EASA
Israeli authorities are sufficiently addressing potential risks to civil aviation from the outbreak of conflict on 7 October, the European Union Aviation Safety Agency believes. But EASA is advising that operators should ensure they have carried out a “robust” risk assessment with a “high level” of contingency planning, adding that ...
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NewsLOT to expand fleet, and refit 787s, as part of five-year strategy
Polish flag-carrier LOT aims to increase its fleet by 50%, to around 110 aircraft, over the next five years, part of a newly-unveiled strategic path. The airline adds that, over the 2024-28 period, it seeks to lift passenger numbers by 70% to nearly 17 million. LOT intends to add another ...
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NewsLoganair owners halt moves to sell carrier
Scottish regional carrier Loganair’s shareholders Stephen and Peter Bond are to remain as owners of the company “for the foreseeable future”, a year after detailing plans to look to sell their stake.
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NewsUK air traffic control failure review to assess balance of cost-sharing
Independent panellists are to consider the balance of cost-sharing between air navigation service NATS and its customers following the air traffic control system failure on 28 August which led to severe disruption to airline operations. This aspect will form part of a review into the incident during which a flight-data ...
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Airline BusinessEuropean consolidation wave spreads north with Air France-KLM move for SAS
Consolidation within Europe post-pandemic has largely focused on opportunities for the big three airline groups to bolster their presence in the south of the continent.
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NewsPutin reveals 'hand grenade fragments' found in victims of Wagner Embraer crash
Russian president Vladimir Putin has disclosed that investigators discovered fragments of hand grenades during examination of the victims of an Embraer Legacy 600 crash near Moscow. Putin was speaking at a meeting of the Valdai Discussion Club, a high-level conference forum, on 5 October. The Legacy 600 had been carrying ...
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NewsCFM scrutinises data from suspect distributor in hunt for unapproved engine parts
Powerplant manufacturer CFM International has identified 126 engines, including a number in its overhaul facilities, which contain parts sourced from AOG Technics – the company embroiled in controversy over allegations of distributing unapproved parts. CFM and its partner GE Aerospace have identified 92 falsified European Union Aviation Safety Agency forms ...
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NewsMalta puts hopes on higher load factors and profitable routes for successor carrier
Malta’s government believes an eight-strong fleet together with a right-sized network and staff levels will enable its planned successor carrier to Air Malta to be profitable.
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NewsAir France-KLM has potential avenue to becoming controlling SAS shareholder
While Air France-KLM Group would initially have a non-controlling stake in Scandinavia’s SAS, the company has indicated that the investment agreement includes a potential avenue to becoming a controlling shareholder. Air France-KLM’s emergence as a participant in the investment consortium for SAS underlines its strategy to help drive consolidation, and ...
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NewsRussia’s Aeroflot Group reaches fleet settlement with another lessor
Russian operator Aeroflot Group has disclosed a settlement with Irish lessor SMBC Aviation Capital, covering 17 aircraft. The settlement relates to foreign-built aircraft which were retained by Russian airlines in the aftermath of international sanctions imposed over the Ukrainian conflict. Aeroflot says that, under the agreement reached, the lessor has ...
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NewsSAS to leave Star for SkyTeam after picking Air France-KLM and Castlelake as investors
Scandinavian carrier SAS has identified Air France-KLM, and financial firms Castlelake and Lind Invest – along with the Danish government – as participants in the successful consortium to provide investment under the company’s equity solicitation process. SAS will eventually become a member of the SkyTeam alliance, leaving its position in ...
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NewsAzerbaijan’s Silk Way West receives first 777F
Azerbaijani cargo operator Silk Way West Airlines has taken delivery of its first Boeing 777 freighter, following an order disclosed two years ago. The Baku-based carrier signed for five 777Fs and, a year ago, supplemented the agreement with a pair of 777-8Fs, with combined deliveries running to 2030. Its first ...
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NewsUral Airlines considering flying stranded A320 out of remote field
Russian carrier Ural Airlines appears to be considering flying a stranded Airbus A320 out of the field on which it conducted an emergency landing during an attempted diversion. The aircraft had been nearing fuel exhaustion as its crew tried to divert to Novosibirsk on 12 September, following a hydraulic system ...
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NewsGKN Aerospace to complete Gripen C/D engine upgrade for Sweden
GKN Aerospace has been awarded the final instalment of a multi-year contract to develop a performance upgrade for the Saab Gripen C/D’s RM12 engine.
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NewsRyanair sees strong September traffic but delivery delays prompt winter cuts
European low-cost carrier Ryanair lifted passenger numbers 9% to 17.4 million in September with load factors unchanged at 94%.
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NewsNASA alum Deborah Diaz joins ZeroAvia’s board of directors
DIaz joins the hydrogen aviation start-up’s board as a non-executive director and will “help accelerate the company on its strategic journey from innovator to global leader and major supplier of zero-emission aircraft engines”.
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NewsPolish air force revives road-strip landing concept during ‘Route 604’ exercise
Multiple Polish air force types – including fighters and tactical transports – have taken part in the service’s first road-strip landing exercise in 20 years.
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NewsPoland’s first Saab 340 AEW aircraft unveiled in Sweden
Poland’s first of two Saab 340 airborne early warning (AEW) aircraft was unveiled for the customer at the Swedish airframer’s Linkoping site on 29 September.
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NewsPlay expects first quarterly profit but full-year loss
Icelandic budget carrier Play is expecting to post its first quarterly profit, having generated a surplus of $12 million for the peak summer months of June-August. The airline is forecasting an operating profit of $10 million and a net profit of $4 million for the third quarter, which runs to ...