All Europe articles – Page 268
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NewsEasyJet enters leaseback agreements for nine more A320s
UK budget carrier EasyJet has agreed several sale-and-leaseback arrangements, covering nine aircraft and generating nearly $400 million to enhance its liquidity. The airline has sealed a transaction involving five Airbus A320s with Irish-based Wilmington Trust SP Services. EasyJet says this agreement, centred on leases averaging 117 months, will generate proceeds ...
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NewsIcelandair uses Boeing compensation to offset new 737 Max expenditure
Icelandair Group is expecting to take delivery of three more Boeing 737 Max jets in the first half of 2021, and has reclassified part of the compensation received for the Max grounding as reduced capital expenditure on them. The company has not disclosed the scale of the compensation settlement reached ...
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NewsRussian budget proposal cuts near-term subsidy for CR929
Russia’s government is proposing heavily reduced near-term budget allocations for the joint Russian-Chinese long-haul aircraft project, as part of a broad review of state aviation strategy funding. United Aircraft and Chinese aerospace firm Comac have been working to develop the CRAIC CR929, a 280-seat twin-engined widebody jet. The legislative proposal ...
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NewsNorwegian converts more debt into equity
Scandinavian budget carrier Norwegian has converted another SKr231 million ($26 million) of debt into equity by issuing 56.3 million new shares.
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NewsEasyJet to make 418 crew in Germany redundant
EasyJet will almost halve its fleet in Berlin amid the Covid-19 pandemic.
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NewsAir Baltic to operate 40 winter routes
Latvian carrier Air Baltic plans to maintain “essential connectivity” through the winter months, linking its Riga hub with 40 destinations.
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NewsBA heritage-livery 747-400 to become cinema and conference venue
One of the British Airways Boeing 747-400s painted in a retro livery for the airline’s centenary is to be preserved as a cinema and conference venue. The aircraft (G-CIVB) carried the Negus & Negus colour scheme initially adopted by the airline following its emergence in 1974 from the merger of ...
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NewsAeroflot Group details shareholding shifts after capital increase
Aeroflot Group has disclosed that the Russian state’s share in the airline company has reached 57.34% as a result of its capital increase. The Russian government had been prepared to maintain at least its previous 51.2% shareholding in the company during the share issue. Aeroflot Group had also been 3.5%-owned ...
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NewsDenmark and Sweden up SAS stakes to 22% in recapitalisation
The Danish and Swedish governments have each agreed to increase their stakes in SAS to 21.8% under the Scandinavian carrier’s SKr14.25 billion ($1.62 billion) recapitalisation plan, which has now been finalised. SAS obtained approval from both governments in August for its revised recapitalisation plan, which was originally disclosed on 30 ...
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NewsMinistry proposes diverting Il-96-400M subsidy to fund other programmes
Russia’s ministry of transport is tabling a legislative proposal to withdraw subsidies intended for the Ilyushin Il-96-400M programme and redirect them to support other areas of the domestic aircraft industry. The draft legislation follows a meeting on the Russian air transport industry held in May and a presidential directive in ...
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NewsTravel-warning removals prompt airline returns to Canary Islands
European airlines are increasing capacity to the Canary islands after the UK and German governments lifted travel warnings for the Spanish archipelago
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NewsState to recapitalise Finnish airports operator as traffic slumps
Finland is to provide a €350 million ($414 million) recapitalisation of state-owned airports operator Finavia amid the continued slump in air traffic demand. Passenger traffic remained 90% down in September across Finavia’s airports and 92% down at its biggest gateway, Helsinki. In response, Finavia will shut one of the three ...
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NewsRed Wings introduces Superjet fleet to establish Ekaterinburg hub
Russian carrier Red Wings is aiming to build a regional hub at Ekaterinburg’s Koltsovo airport using a fleet of Sukhoi Superjet 100s. Moscow-based Red Wings leased a Superjet from GTLK on 2 September, and another pair in the first few days of October. It says the aircraft are being used ...
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NewsParis airports operator cuts full-year traffic hopes on second wave
Paris airports operator Groupe ADP has lowered its traffic expectations for the remainder of the year and now expects passenger levels across its Parisian airports to be between 65% and 70% down on 2019. The company detailed the fresh outlook, which reflects the resurgence of the Covid-19 outbreak across Europe, ...
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NewsEx-British Airways 747-400 to be preserved as UK film set
One of British Airways’ recently-retired Boeing 747-400s is to be preserved as a film set at an airfield 40km south of London Heathrow. The aircraft (G-CIVW), manufactured in 1998, was parked in March having served its entire commercial life with the UK operator. It will be transferred on 22 October ...
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NewsLufthansa Cargo plans ‘extensive and dense’ winter operation
Lufthansa Cargo plans to operate an “extensive and dense” freighter network during the winter season as air freight demand has held up amid the pandemic.
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NewsCondor to exit ‘protective shield’ in November
Condor has disclosed that its creditors have approved a plan for it to leave ‘protective shield’ proceedings at the end of November as a “healthy company”.
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NewsIAG cuts fourth-quarter capacity levels again
British Airways and Iberia parent IAG has cut its expectations for fourth-quarter capacity, estimating that it will be 70% down on the previous year. IAG had already lowered its capacity forecast for the quarter to 60% down – from a previous 46% down – in early September. But the company ...
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NewsCrisis impedes Airbus’s progress towards 13,000 deliveries
Airbus’s reduced productivity during the air transport crisis has obstructed its progress towards 13,000 deliveries, and it would need to hand over about 70 aircraft to reach the mark in October. The airframer highlighted its 12,000th delivered aircraft in May last year, with an A220 to Delta Air Lines. Analysis ...
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NewsDeal restores flights between India and Germany
India has struck a deal to restore flights to Germany, which had ended abruptly in late September amid a row over parity of services.