All Europe articles – Page 304
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NewsIATA deepens projected airline revenue loss to $314 billion
IATA now forecasts airlines will lose $314 billion in passenger revenue this year amid the coronavirus outbreak, a deepening of $62 billion from its previous projection.
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NewsNorwegian share price plummets on debt conversion plan
Scandinavian budget carrier Norwegian saw its share price nosedive when markets opened on 14 April, following its 8 April proposal to convert debt to equity in order to qualify for state aid. Shortly after the Oslo stock exchange reopened following the long Easter weekend, Norwegian’s share price was at one ...
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News
Wizz Air axes one-fifth of personnel but remains upbeat on prospects
Central European budget carrier Wizz Air is cutting 1,000 personnel, nearly one-fifth of its staff, after its operation was reduced to a bare minimum by the coronavirus crisis. The airline says it has been forced to take the “difficult step” to make workers redundant, adding that it has also carried ...
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NewsRussian domestic flights rise in March as international links suffer
Russian airspace data indicates that the number of domestic services increased during March, even as coronavirus restrictions badly affected international traffic. Figures from the state air traffic management corporation show that domestic flights rose by over 11% to more than 73,000 last month. But the number of international services was ...
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NewsAn-225 recruited for coronavirus support flights
Antonov Airlines has started deploying its An-225, the world’s largest operational aircraft, on services supporting the effort to combat coronavirus. The six-engined freighter had recently been restored to flight following a substantial upgrade programme. Antonov says the aircraft departed Kiev on 11 April on the first commercial service since the ...
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NewsBrussels shields its dormant fleet from nesting birds and fading seats
Brussels Airlines has given an insight into the complexity associated with the enforced long-term parking of its aircraft fleet during the coronavirus crisis. It has newly extended the grounding until at least 15 May, and over 50 aircraft in its all-Airbus fleet are being sealed and parked at the Belgian ...
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AnalysisTop 10 aerospace mergers that never were
From Textron-Bombardier to Lockheed-Northrop and EADS-BAE, we review industrial giants that might have been, had proposed or mooted unions over the past quarter century gone ahead.
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Airline BusinessHow Air Baltic is plotting a way through – and out of – the virus crisis
There are many data points that starkly demonstrate the airline industry’s massive challenges during the coronavirus crisis, but Air Baltic is still able to offer a particularly striking one: its forward bookings in early April were down 98% year on year.
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NewsEurope’s airports to lose more than a billion passengers in 2020
European airports lost more passengers in March than in the whole of 2009 when the world was in the midst of a global financial crisis, figures released today by ACI Europe reveal.
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NewsPilots’ identical error shaved A319’s take-off distance margin
Investigators have determined that both pilots of an EasyJet Airbus A319 mistakenly selected the wrong intersection during take-off performance calculations at Nice, resulting in less runway distance being available than the crew had expected. The crew believed they had calculated take-off performance for runway 04R based on a departure from ...
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NewsAirbus chief: Crisis likely to be ‘a long one’
Airbus is expecting to review its production rates every month after reducing its output by a third in response to the coronavirus impact. Chief executive Guillaume Faury, speaking on 8 April, was unable to estimate when rates would be restored but said he thought the crisis would “probably be a ...
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NewsAirbus records 15 A350 cancellations but reveals order for 10
Airbus has recorded cancellations of 15 A350s as well as four A330neos during March, although it secured a firm agreement for 10 A350s from an undisclosed customer. Six A350-1000s and four A350-900s from Latin America’s LATAM are part of the cancellation. Five A350-900s ordered by Kuwait Airways have also been ...
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NewsAirbus cuts aircraft production by a third as 60 jets stay undelivered
Airbus is cutting monthly production of single- and twin-aisle aircraft by about a third, slashing output of A320s to just 40 aircraft. It is taking monthly production of A350s down to six and A330s down to two. “With these new rates, Airbus preserves its ability to meet customer demand while ...
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NewsNorwegian shareholders to vote on crucial debt-to-equity scheme
Scandinavian budget carrier Norwegian has called a shareholders’ meeting for 4 May to discuss plans to convert debt to equity, in order to meet criteria for the Norwegian government’s state guarantee scheme. The airline is trying to secure NKr3 billion in funding but, while it has met the requirements for ...
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NewsA330-800 obtains ETOPS clearance beyond 180min
Airbus’s A330-800 has secured European approval for extended twin-engined operations (ETOPS) running beyond 180min. The clearance was granted on 2 April according to a certificate revision from the European Union Aviation Safety Agency. EASA certified the A330-800 – the smaller member of the A330neo family – in mid-February. The aircraft ...
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NewsEuropean air navigation fee deferral aims to assist struggling airlines
Up to €1.1 billion in European air navigation charge payments is being deferred under an agreement intended to assist airlines struggling under the impact of the coronavirus outbreak. Pan-European air navigation organisation Eurocontrol says its members have agreed the deferral as part of a financial package to provide “liquidity support”. ...
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NewsSweden’s BRA files for protection to buy time for restructuring
Swedish carrier Braathens Regional Airlines has filed for protection in order to undergo a restructuring exercise. It has suspended all services with effect from 6 April with the intention of gradually resuming flights “after the summer”, it says, when conditions are expected to have improved. BRA says the decision will ...
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NewsAirbus suspends A220 and A320 assembly at Mobile
Airbus is temporarily suspending aircraft production at its US assembly line in Mobile for about three weeks, and is adapting activity at its German facilities in Bremen and Stade. The airframer assembles A320 and A220 jets at the Mobile plant. Airbus says it will “pause” production this week and expects ...
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NewsHSBC expects European airline consolidation amid Covid-19 crisis
The coronavirus crisis will speed up airline-industry consolidation across Europe as less profitable carriers fail or are taken over by leaner competitors, according to an analysis by HSBC. “We expect financially weak airlines that survive to be… significantly smaller as they exit the outbreak,” the bank writes in an update ...
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NewsEasyJet borrows from UK coronavirus fund as part of liquidity plan
Budget carrier EasyJet has taken steps to borrow funds from the UK government’s corporate financing facility, established to assist companies during the coronavirus crisis. EasyJet chief executive Johan Lundgren says the airline’s “priority” is to “safeguard short-term liquidity”. He says the company has been successful in issuing £600 million of ...