All Europe news – Page 174
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NewsOptimistic SAS lifts long-term financial forecast over strong demand
Scandinavian carrier SAS is reviewing long-term financial projections for 2024-26, with preliminary indications that stronger-than-expected demand will generate higher revenues and earnings towards the end of this period. SAS had previously estimated revenues of SKr49 billion ($4.7 billion) for 2026 but believes this figure will be greater, while it is ...
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NewsNew Rolls-Royce chief tears into underperformance and strategic weakness
New Rolls-Royce chief executive Tufan Erginbilgic has given a withering assessment of the company’s strategic and financial performance as it unveiled its full-year results. Rolls-Royce has been “underperforming for an extended period”, he said during a presentation on 23 February. “Cash generation is unsatisfactory. Our debt is still too high. ...
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NewsBAE reports record order intake, as chief executive eyes future growth
BAE Systems secured orders worth £37 billion ($44.5 billion) in 2022, up from almost £21.5 billion during the previous 12 months.
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NewsRolls-Royce civil aerospace profits up but company 'capable of much more': CEO
Large engine flying hours for Rolls-Royce increased further last year, but remain 35% below the pre-crisis level of 2019, the manufacturer has disclosed. But it expects this gap to reduce to 10-20% this year following the easing of travel restrictions in China. Rolls-Royce large civil engine deliveries reached 190 – ...
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NewsLufthansa shuffles management as commercial chief takes group role
German carrier Lufthansa has named Heiko Reitz as it new chief commercial officer, with incumbent Stefan Kreuzpainter taking up a Lufthansa Group role with responsibility for network alliance and partner management.
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NewsConsortium to explore conversion of manure into sustainable jet fuel
Ten consortium partners are to investigate the conversion of agricultural residue, including manure and straw, into sustainable aviation fuel. The partners are participating in a four-year European Union-funded project called Circulair, formally launched at the beginning of January. It will develop innovative conversion technologies to turn plentiful residues into fuel ...
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NewsRacer and AW609 to highlight high-speed capabilities for EU militaries
Military demonstration flights of a pair of European high-speed rotorcraft – the Airbus Racer and Leonardo AW609 – are being contemplated for later this decade under an EU-funded programme.
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NewsFlyr administrator pessimistic over creditors’ claims
Collapsed Norwegian carrier Flyr’s administrator believes there will be no funds available for non-priority creditor claims, once it has addressed those with greater precedence such as wage arrears. Flyr was placed in bankruptcy by an Oslo court on 1 February. Law firm Kvale held an initial creditor meeting on 16 ...
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NewsNMH bidders wait on updated timeline from UK MoD
Contenders for the UK’s New Medium Helicopter (NMH) requirement are due to meet with defence officials on 24 February where they will likely be told of a further delay to the procurement process.
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NewsTajikistan’s Somon Air considers possible L-410 acquisition
Tajik carrier Somon Air appears to be considering potential acquisition of Let Aircraft Industries L-410s for regional operations. Somon Air says a delegation from the airline has conducted a familiarisation visit to the Czech plant of the company. It says representatives aimed to become acquainted with the production process of ...
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Airline BusinessAtlanta heads the pack as US airports lead traffic growth in 2022
Atlanta Hartsfield airport handled just under 94 million passengers last year, still short of pre-pandemic highs but enough to see it retain its crown as the busiest airport in the world.
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NewsSaab pitches GlobalEye for NATO AWACS successor deal
Saab is pitching a version of its GlobalEye surveillance aircraft as a potential successor for NATO’s aged fleet of Boeing E-3A Airborne Warning and Control System (AWACS) aircraft.
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NewsPitch-up after tailwind shift led to SAS A320neo tail-strike at Split
Croatian investigators believe a late shift in tailwind preceded an SAS Airbus A320neo’s loss of lift just before touchdown in Split, leading to a tail-strike. The aircraft, arriving from Bergen, had been stabilised during an ILS approach to runway 05. But winds were varying from 170-245°, and a 10kt change ...
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NewsITA debuts third new Airbus type inside a year
ITA Airways has launched scheduled flights with its first Airbus A320neo aircraft, the third new type the Italian carrier has debuted within the last year.
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NewsFrankfurt Hahn administrator issues new invitation to acquire airport
Frankfurt Hahn airport’s administrator has re-issued an invitation for potential investors in the German facility. Administrator Jan Markus Plathner says the invitation follows “refused approvals” and “new expressions of interest”, after previous options failed to materialize. A prospective bidder for Hahn, Swift Conjoy, had been discussing acquisition but did not ...
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NewsHans Airways' start-up struggles persist as AOC delays hit launch hopes
UK start-up Hans Airways is set to relinquish its only aircraft, an Airbus A330-200, and open talks with potential new investors after delays in securing its air operator’s certificate.
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NewsRheinmetall to take central role in F-35 programme
Germany’s Rheinmetall could become a second source of F-35 centre fuselages after striking an initial agreement with Lockheed Martin and incumbent supplier Northrop Grumman.
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NewsSiberia’s Yakutia restores ‘dismantled’ Superjet to flight
Siberian carrier Yakutia has restored an Irkut Superjet 100 to flight after extensive maintenance, giving the operator additional jet capacity. Russian lessor GTLK says the aircraft was one of two it leased to the airline which, is says, were in a “dismantled state” at the end of last year. Yakutia ...
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NewsKorean Air-Asiana competition investigation focuses on four Seoul-EU routes
Korean Air’s proposed merger with Asiana is to be scrutinised by European Union regulators concerned that the tie-up will reduce or eliminate competition on Korean-European routes. The European Commission is opening an in-depth investigation which will focus on four particular connections from Seoul. Korean Air and Asiana both operate to ...
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NewsAzul to launch Sao Paulo-Paris flights in April
Brazil’s Azul plans to launch non-stop flights to Paris, its second continental European destination, from Sao Paulo in late April.