Europe – Page 84
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NewsRolls-Royce overhauls executive team as transformation ramps up
Rolls-Royce has announced several changes to its executive team following the launch in February of a business transformation effort by new chief executive Tufan Erginbilgic.
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NewsBritish Airways CFO leaving to take role at soft drinks firm
British Airways chief financial officer Rebecca Napier is to take up the same role at Britvic, the soft drinks company.
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Airline BusinessWhy Lufthansa chief likens Europe’s airlines to German cars, Swiss watches and French handbags
The Airlines for Europe (A4E) Aviation Summit on 29 March saw the chief executives of Europe’s biggest airlines make familiar pleas to the European Commission for action on topics such as sustainable aviation fuel, EU261 and air traffic management.
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NewsRussia claims stealth material breakthrough
Russia’s Roselectronics claims to have made a breakthrough in low observable materials, with a composite capable of absorbing a wide range of radar frequencies.
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NewsVirgin Orbit laying off 85% of workforce, plans to cease operations
Cash-strapped Virgin Orbit is laying off 85% of its workforce – about 675 employees – after struggling to operate in recent weeks and ultimately failing to “secure meaningful funding”.
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NewsAegean and CAE to launch Greece’s ‘most advanced’ pilot training centre
Greece’s Aegean Airlines plans to establish the country’s first advanced flight training centre through a partnership with Canada’s CAE, a top provider of flight simulators for pilot training.
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NewsITA Airways board backs business plan
ITA Airways appears to have taken a further step towards securing a deal with would-be investor Lufthansa after the Italian carrier’s board approved a business plan “shared” with the German airline group.
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NewsChatGPT already offering ‘immediate-term business benefits’ for airlines
The leaders of Air Baltic and Finnair have joined other industry chief executives in talking up ChatGPT’s potential to positively impact their businesses across a range of functions.
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NewsFailed Flybe was ‘losing millions per month’, say administrators, as total deficiency tops £82m
Birmingham-headquartered Flybe was losing an average of up to £5 million ($6.1 million) during each month of its brief existence, the administrators of the collapsed UK regional carrier have disclosed.
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NewsEuropean SAF development ‘put back a decade’ by US IRA measures
Aviation stakeholders have urged the European Commission to consider improving its sustainable aviation fuel (SAF) incentives in light of the measures included US Inflation Reduction Act, which one airline chief executive described as a global “game-changer”.
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NewsRyanair's O'Leary rounds on regulators for failing to act on ATC strikes
Ryanair chief executive Michael O’Leary fears improved service reliability this summer from higher staffing levels across the airport ecosystem could be offset by the impact of air traffic control strikes and continued airspace restrictions because of the war in Ukraine.
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NewsLufthansa CEO positive on ITA deal but says price must reflect €486 million loss
Lufthansa Group chief executive Carsten Spohr is confident a deal can be reached on taking an ITA Airways stake before an exclusivity period ends, but says the latter’s valuation must reflect its newly announced full-year loss.
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NewsBRA lends support to ZeroAvia’s Swedish hydrogen push
Swedish carrier Braathens Regional Airlines (BRA) is to supply turboprop aircraft to ZeroAvia for conversion to hydrogen fuel cell power as part of an agreement to develop zero-emission routes in the northeast of the country.
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NewsITA cites macroeconomic ‘deterioration’ as it posts €486 million net loss in 2022
ITA Airways blames high fuel costs and ongoing effects of the pandemic for its €486 million ($527 million) full-year net loss in 2022, noting that the result was “consistent” with its “start-up status” in a weak market.
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NewsUSA has ‘thrown down the gauntlet’ on SAF investment: European airline chiefs
The USA has “thrown down the gauntlet” when it comes to investments in sustainable aviation fuel (SAF) and Europe must act in kind, according to the chief executives of Europe’s largest airlines.
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News‘Time for excuses is over’ on European airspace reform: airline chiefs
The chief executives of Europe’s largest airlines have renewed calls for Europe’s airspace to be reformed, including through a new approach to financing air traffic management (ATM) services.
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NewsNATO adds order for its tenth Airbus A330 tanker/transport
A pooled fleet of Airbus Defence & Space A330 multi-role tanker transports (MRTTs) operated by a group of six NATO nations will grow to 10 aircraft by late 2026.
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NewsLoganair to expand Heathrow operations after leasing slots
UK regional carrier Loganair has reiterated its call for slots at London Heathrow airport to be made permanently available for domestic connectivity after announcing it will expand its fledgling operation at the congested hub by leasing more slots.
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NewsFormer Eurocontrol director general to join Ryanair’s board
Ryanair Holdings has appointed former Eurocontrol director general Eamonn Brennan and former Austrian MEP Elisabeth Kostinger to join its board from 1 April as non-executive directors.
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NewsA310 MRTT controls drones autonomously in Auto’Mate air-to-air refuelling demo
Airbus Defence & Space has successfully demonstrated in-flight autonomous guidance and control of a series of unmanned air vehicles using an A310 Multi Role Tanker Transport (MRTT) flying testbed.