All Europe articles – Page 68
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Airline BusinessTop 100 airline group financial rankings 2022
Robust revenues as passenger markets reopened enabled many of the world’s leading airlines to restore profitability in 2022 – but the scars of the pandemic were still evident. FlightGlobal’s analysis of the airline industry financial performance in 2022 based on the top 100 airline groups by revenue.
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NewsAirbus launches work on Wunstorf MRO site for German A400M fleet
The German air force’s A400M tactical airlifter fleet will receive enhanced in-service support from later this decade, with work having started on a new facility at its Wunstorf air base.
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NewsBrazil and Poland send military transports to evacuate citizens from Israel
Military transport aircraft from Brazil and Poland have been dispatched to Israel to evacuate visiting citizens, after war erupted on 7 October following a surprise assault by the militant group Hamas sparked a new war in the region.
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NewsAirbus faces another fourth-quarter rush to meet delivery target
Airbus will need to hand over 232 aircraft in the final quarter to achieve its aim of 720 commercial deliveries for the full year, having shipped 488 jets by 30 September – two-thirds of the target.
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NewsEasyJet enters formal pact with Airbus to offset emissions through carbon-capture
UK budget carrier EasyJet has signed up to Airbus’s new carbon-capture programme, the first operator to reach a formal agreement over the initiative. EasyJet had been revealed last year as one of seven operators which had tentatively agreed to explore the Airbus carbon-removal scheme. It is based on direct air ...
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NewsGreece in talks to purchase up to 49 Black Hawks from Sikorsky
The producer of the iconic combat utility helicopter says Athens formally submitted a purchase request to the US government in April for nearly 50 UH-60s, to update the Hellenic Army’s fleet of Bell UH-1s.
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Airline BusinessAirline Business Covid-19 recovery tracker: October 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsFinnair to cut debt costs and reinforce finances with €600m share issue
Finnair is intending to reinforce its financial position with a share issue aimed at raising €600 million ($632 million) during the fourth quarter of this year. The airline says the Finnish government, its main shareholder, is supporting the rights issue, along with other interested parties. Finnair says it will use ...
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NewsIsraeli authorities ‘effectively’ mitigating conflict risks to air traffic: EASA
Israeli authorities are sufficiently addressing potential risks to civil aviation from the outbreak of conflict on 7 October, the European Union Aviation Safety Agency believes. But EASA is advising that operators should ensure they have carried out a “robust” risk assessment with a “high level” of contingency planning, adding that ...
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NewsLOT to expand fleet, and refit 787s, as part of five-year strategy
Polish flag-carrier LOT aims to increase its fleet by 50%, to around 110 aircraft, over the next five years, part of a newly-unveiled strategic path. The airline adds that, over the 2024-28 period, it seeks to lift passenger numbers by 70% to nearly 17 million. LOT intends to add another ...
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NewsLoganair owners halt moves to sell carrier
Scottish regional carrier Loganair’s shareholders Stephen and Peter Bond are to remain as owners of the company “for the foreseeable future”, a year after detailing plans to look to sell their stake.
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NewsUK air traffic control failure review to assess balance of cost-sharing
Independent panellists are to consider the balance of cost-sharing between air navigation service NATS and its customers following the air traffic control system failure on 28 August which led to severe disruption to airline operations. This aspect will form part of a review into the incident during which a flight-data ...
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Airline BusinessEuropean consolidation wave spreads north with Air France-KLM move for SAS
Consolidation within Europe post-pandemic has largely focused on opportunities for the big three airline groups to bolster their presence in the south of the continent.
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NewsPutin reveals 'hand grenade fragments' found in victims of Wagner Embraer crash
Russian president Vladimir Putin has disclosed that investigators discovered fragments of hand grenades during examination of the victims of an Embraer Legacy 600 crash near Moscow. Putin was speaking at a meeting of the Valdai Discussion Club, a high-level conference forum, on 5 October. The Legacy 600 had been carrying ...
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NewsCFM scrutinises data from suspect distributor in hunt for unapproved engine parts
Powerplant manufacturer CFM International has identified 126 engines, including a number in its overhaul facilities, which contain parts sourced from AOG Technics – the company embroiled in controversy over allegations of distributing unapproved parts. CFM and its partner GE Aerospace have identified 92 falsified European Union Aviation Safety Agency forms ...
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NewsMalta puts hopes on higher load factors and profitable routes for successor carrier
Malta’s government believes an eight-strong fleet together with a right-sized network and staff levels will enable its planned successor carrier to Air Malta to be profitable.
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NewsAir France-KLM has potential avenue to becoming controlling SAS shareholder
While Air France-KLM Group would initially have a non-controlling stake in Scandinavia’s SAS, the company has indicated that the investment agreement includes a potential avenue to becoming a controlling shareholder. Air France-KLM’s emergence as a participant in the investment consortium for SAS underlines its strategy to help drive consolidation, and ...
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NewsRussia’s Aeroflot Group reaches fleet settlement with another lessor
Russian operator Aeroflot Group has disclosed a settlement with Irish lessor SMBC Aviation Capital, covering 17 aircraft. The settlement relates to foreign-built aircraft which were retained by Russian airlines in the aftermath of international sanctions imposed over the Ukrainian conflict. Aeroflot says that, under the agreement reached, the lessor has ...
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NewsSAS to leave Star for SkyTeam after picking Air France-KLM and Castlelake as investors
Scandinavian carrier SAS has identified Air France-KLM, and financial firms Castlelake and Lind Invest – along with the Danish government – as participants in the successful consortium to provide investment under the company’s equity solicitation process. SAS will eventually become a member of the SkyTeam alliance, leaving its position in ...
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NewsAzerbaijan’s Silk Way West receives first 777F
Azerbaijani cargo operator Silk Way West Airlines has taken delivery of its first Boeing 777 freighter, following an order disclosed two years ago. The Baku-based carrier signed for five 777Fs and, a year ago, supplemented the agreement with a pair of 777-8Fs, with combined deliveries running to 2030. Its first ...