All Europe articles – Page 122
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NewsVirgin strikes deal for 20% of 2030 SAF requirements
Virgin Atlantic has struck a deal to purchase 10 million gallons annually of sustainable aviation fuel (SAF) produced by US firm Gevo and supplied via the carrier’s joint-venture partner and shareholder Delta Air Lines.
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NewsVirgin chief prepped for ‘subdued’ 2023 but no sign yet of bookings impact
Virgin Atlantic chief executive Shai Weiss is braced for a ”subdued” year in 2023 given global economic headwinds and recession in the UK, though he notes the airline has not yet seen these challenges filter through to forward bookings.
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NewsIATA cites importance of post-war return to Russian airspace for all airlines
A post-war reopening of Russian airspace is an important target for the airline industry, given the congestion and competition concerns created by the current situation, in the view of IATA director general Willie Walsh. Speaking during a media briefing on 6 December, Walsh explained that congestion over Europe is being ...
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NewsGroupe ADP stock price sinks as Schiphol cross-shareholding unwinds
French airports operator Groupe ADP’s share price dropped by nearly 15% in early trading, after Royal Schiphol Group sold its remaining stake in the company.
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NewsIATA forecasts global airline industry will return to profit in 2023
The global airline industry is forecast to achieve a net profit of $4.7 billion in 2023 as the recovery from the Covid-19 crisis continues, according to IATA. That would mark the industry’s first positive result since the pandemic hit in 2020, with airlines on course for a loss of $6.9 ...
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NewsEmbraer names Binter as customer behind previously disclosed E195-E2 order
Embraer has revealed that Spanish airline Binter Canarias is the customer behind an order for five E195-E2s disclosed by the manufacturer several days ago.
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NewsThree domestic routes meet criteria for French short-haul flight ban
European Commission regulators have approved a French ban on flying certain short-haul domestic routes, but only three initial connections will meet the criteria. The three routes are all from Paris Orly – to Bordeaux, Nantes and Lyon – will be “prohibited for any carrier”, according to the Commission’s adoption. France’s ...
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NewsLufthansa takes first A380 out of storage
German carrier Lufthansa has today taken an Airbus A380 aircraft back out of storage for the first time since the pandemic.
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NewsRapid pace of Ryanair traffic growth slows in November
Ryanair’s recent run of sharp traffic growth slowed a little in November as it carried 11.2 million passengers.
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NewsGetJet granted air operator’s certificate in Latvia
Lithuanian wet-lease carrier GetJet has been granted an air operator’s certificate for a division based in neighbouring Latvia. GetJet Airlines Latvia obtained the AOC on 30 November from the Baltic state’s ministry of transport. Both operators will conduct flights using single-aisle Airbus A320 and Boeing 737 twinjets, with the Latvian ...
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NewsMilitary certification approval clears Gripen E for operational debut
Saab has secured a Military Restricted Type Certificate for its Gripen E from the Swedish and Brazilian authorities, clearing the way for the type to enter operational use.
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NewsUK Royal Navy reviewing specifications for struggling Crowsnest AEW system
The UK Royal Navy is reviewing its required capabilities for the Crowsnest airborne early warning and control system, after experiencing early shortcomings with the technology.
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NewsSAS expects SKr9.5bn equity raise to slip to end-January
Scandinavia’s SAS expects to commence its crucial SKr9.5 billion ($907 million) equity raise around the end of January, after the schedule for its ‘SAS Forward’ restructuring programme slipped. The airline is re-organising under US Chapter 11 protection and expects to exit the process in the second half of next year, ...
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NewsGlobal Knafaim to raise equity for Tus Airways loan repayment
Israel’s Global Knafaim Leasing is injecting additional capital into Cypriot carrier Tus Airways, via a share issue, the lessor reveals in its third-quarter financial statement. It says that the board approved the extra investment of $2 million on 30 November. Investment partner Kenneth Woolley has similarly contributed in order to ...
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NewsAirbus Helicopters to fly new fuel-efficient demonstrator by year-end
Airbus Helicopters has revealed a new clean-sheet concept rotorcraft to validate a selection of new technologies it hopes will collectively deliver a fuel-burn reduction of up to 50%.
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NewsWashington approves Finland purchase of Raytheon air-to-air, air-to-ground missiles
The government in Helsinki received approval for an official Foreign Military Sales request to purchase 40 AIM-9X Block II Sidewinder missiles and 48 AGM-154 Joint Standoff Weapons from Raytheon.
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NewsA400M on track to assume UK special forces support role, Airbus says
Airbus Defence & Space is making good progress against an accelerated capability development plan for the UK Royal Air Force’s (RAF’s) A400M Atlas fleet, a senior company official says.
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NewsUK Wedgetail AEW delivery schedule slips to 2024
The UK will face a longer than expected operational gap until the reintroduction of a dedicated fixed-wing airborne early warning aircraft capability, with prime contractor Boeing Defence UK confirming a slip to the delivery schedule for its E-7A Wedgetail programme.
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NewsEasyJet chief sees consolidation through retrenchments not mergers
EasyJet chief executive Johan Lundgren believes consolidation in Europe is more likely to happen through legacy carrier retrenchments rather than merger and acquisition (M&A) activity, in part because of state support keeping failing carriers in operation.
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NewsALAFCO seeks shareholder approval for $2.2bn Macquarie acquisition
Kuwaiti lessor ALAFCO is to convene a shareholder meeting to approve a substantial acquisition by asset management firm Macquarie AirFinance. ALAFCO states that its board discussed and reviewed, on 29 November, a proposal for the acquisition – valued at $2.215 billion – which includes sale of 53 aircraft from its ...