All Europe articles – Page 64
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NewsSAS to replace debtor-in-possession finance pact as it enters investment agreement
Scandinavian operator SAS has entered a formal investment agreement with a Castlelake and Air France-KLM consortium, and will replace its debtor-in-possession financing from Apollo with a new arrangement with Castlelake. SAS is under US Chapter 11 bankruptcy protection and restructuring through implementation of its ‘SAS Forward’ programme. As part of ...
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NewsNorse Atlantic expands share offering after strong investor demand
Norse Atlantic Airways is looking to issue another 9.1 million shares to investors, following the successful completion of a private share placement which raised gross proceeds of NKr613 million ($55 million) – higher than the NKr501 million originally sought. The private placement – aimed at shoring up liquidity for the ...
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NewsUS government approves US airlines’ complaints about Amsterdam capacity cuts
The US government has approved complaints by JetBlue Airways and trade group Airlines for America against the government of the Netherlands and European Union for alleged violations related to capacity cuts at Amsterdam Schiphol airport.
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NewsTitan A321neo lost windows in flight after thermal damage from high-power floodlights
Investigators believe intense heat from film floodlights concentrated on the exterior of an Airbus A321neo caused the aircraft’s windows to suffer thermal damage, before a number of window panes fell from the jet during a flight from London Stansted. The Titan Airways aircraft had been conducting a positioning service to ...
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NewsAll Lufthansa airlines to be profitable for first time in 2023: Spohr
Improved performance across all its carriers means Lufthansa expects all its airline units to be profitable for the first time this year.
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NewsNorwegian extends 737NG contracts to counter Max delays and tight leasing market
Norwegian is signing lease extensions for some of its Boeing 737-800s amid delays in the delivery of 737 Max 8 jets and a tightening market for leased aircraft caused by groundings related to Pratt & Whitney geared turbofans
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NewsTurkish turns to lessors to meet short-term fleet requirements
Turkish Airlines is turning to the lessor market to ensure its growth plans remain on track amid delays in finalising its major fleet order and aircraft availability.
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Airline BusinessWhy the airline industry’s net-zero effort is likely to push fares higher
More airline leaders are starting to openly acknowlege that the extra costs associated with the industry’s net-zero transition through to 2050 are almost guaranteed to increase in ticket prices for consumers and impact the pace of the sector’s growth.
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NewsDufour Aerospace targets medevac and cargo missions with tilt-wing Aero3
Hybrid-electric aircraft developer Dufour Aerospace is aiming its proposed vertical take-off and landing vehicle at pre-existing helicopter markets, hoping to leave competitors behind with a fast and efficient cruise stage.
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NewsNorwegian cuts weight of on-order Max jets as it ‘pushes hard’ on costs
Scandinavian low-cost carrier Norwegian is working on raft of measures to offset the impact of the high-cost environment, including through the removal of certain “add-ons” from its incoming Boeing 737 Max jets.
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NewsNorwegian cautiously positive on booking trends after strong summer
Scandinavian low-cost carrier Norwegian has reported “encouraging” booking trends through to the end of the year, after it achieved its second-highest-ever operating profit during the third quarter.
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NewsTurkish Airlines lifts Q3 profits by one quarter
Turkish Airlines’ profits climbed by around one quarter for the three months ended 30 September as improving passenger revenues outweighed a drop in cargo turnover during the period.
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NewsStretched Ilyushin Il-96-400M carries out maiden flight
Russia’s United Aircraft has carried out the maiden flight of its Ilyushin Il-96-400M, a stretched and modernised version of the four-engined airliner. The Il-96-400M – rolled out in the aerospace firm’s corporate livery earlier this year – took off from Voronezh on 1 November for a 26min sortie. United Aircraft ...
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NewsLufthansa sticks to full-year outlook after Q3 profits climb to €1.5bn
Lufthansa Group is sticking to its full-year profit expectations despite rising fuel costs, after posting a third quarter operating profit of €1.47 billion ($1.55 billion) on continued strong demand.
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NewsNorse Atlantic aims to shore up liquidity as it turns in profitable third quarter
Scandinavian long-haul operator Norse Atlantic Airways is looking at additional financing to support the company through the winter season, while also embarking on a strategic review to explore opportunities with industrial players. Norse Atlantic says it is considering supplementary fundraising of up to $45 million to “improve liquidity” through the ...
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NewsLufthansa completes sale of remaining catering business
Lufthansa Group has finalised the sale to private equity firm Aurelius Group of the remaining part of LSG Group, completing the divestment of its catering business.
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NewsPolish army formally receives first two AW149 helicopters
The Polish army’s first two Leonardo Helicopters AW149s were handed over to its 25th Air Cavalry Brigade on 30 October.
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NewsIAG positive on outlook but ‘mindful’ of geopolitical issues
While IAG gave relatively little away in terms of its full-year guidance after posting a strong set of third-quarter profits, this perhaps reflects confidence in the return of the fundamentals of the business more than a lack of visibility. IAG lifted operating profits 43% to €1.75 billion ($2.05 billion) in ...
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NewsFrench general underlines importance of stealth, manoeuvrability for NGF
A French general has underlined that the New Generation Fighter (NGF) being developed by France, Germany and Spain will rely heavily on stealth and manoeuvrability, even though it will be far more than a traditional fighter aircraft.
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NewsRussian developer starts shipping domestically-built avionics for MC-21
Russian state technology corporation Rostec has shipped the first domestically-built avionics equipment for the Yakovlev MC-21. The equipment – system control panels and lighting for the cockpit – has been developed by radio-electronic specialist KRET’s Ulyanovsk instrumentation design bureau. Russia’s government has been pursuing a programme of import substitution, to ...