Europe – Page 256
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NewsEuropean budget carriers retain traffic momentum in October
Wizz Air passenger levels remained steady at just under 3 million in October as stronger travel demand was sustained into the shoulder season.
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NewsReshaped CargoLogicAir looks for expansion avenues after turning profitable
UK-based freight operator CargoLogicAir turned around heavy losses to post a full-year pre-tax profit of $41.2 million for 2020 – a year in which it underwent a management overhaul and a strategic review of its business. CargoLogicAir, which has ties to Russia’s Volga-Dnepr Group, generated a net profit of $45.4 ...
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NewsSmartLynx to add another pair of A321 freighters in early 2022
Wet-lease specialist SmartLynx is introducing another pair of Airbus A321 freighters to its fleet early next year, as it seeks to take its total to eight by the end of 2022. SmartLynx will receive the aircraft, both registered in Malta, through leases from Cross Ocean Partners, a financial firm whose ...
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NewsAerCap completes GECAS acquisition to create leasing giant
Irish-based lessor AerCap has completed its acquisition of US leasing giant GECAS, a transaction which gives General Electric around a 46% shareholding in AerCap. Closure of the deal turns AerCap – which had previously absorbed lessor ILFC – a fleet of over 2,000 aircraft and 900 engines, plus more than ...
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NewsRyanair 737 Max 8-200 fleet ‘exceeding expectations’
Ryanair Group generated an operating profit of €254 million ($294 million) and a net profit of €225 million for the second quarter, evidence of a recovering summer period for the budget operator. Its main carrier, Ryanair, contributed a net profit of €164 million while Malta Air achieved a profit of ...
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NewsPressure-setting risk highlighted after serious 737 incident at Irkutsk
Russian authorities are emphasising the need for crews to understand barometric pressure calculation and setting procedures, following a serious low-approach incident at Irkutsk involving a Boeing 737-800. The aircraft, operated by Korean carrier Air Incheon, had been conducting an approach to runway 30 when it descended to an altitude of ...
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NewsRyanair considers post-Brexit delisting from London stock exchange
Ryanair is considering a potential delisting from the London stock exchange, following the UK’s ‘Brexit’ withdrawal from the European Union. The airline has a primary listing on the Euronext Dublin market and says its board is “considering the merits” of retaining its London listing. “Migration away from the London stock ...
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NewsDomestic lift helps Aeroflot turn a profit for the third quarter
Aeroflot turned a group profit under Russian accounting standards for the first time since the pandemic in the third quarter, driven by a strong domestic traffic performance during the period.
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NewsPressure mix-up preceded altitude alert for CRJ1000 approaching Nantes
French investigators have indicated that a minimum safe altitude alert for a Bombardier CRJ1000 was triggered after its crew misunderstood a pressure setting. The aircraft was being operated by Air France regional division Hop on a domestic service from Lyon to Nantes on 20 October. According to investigation authority BEA ...
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Airline BusinessWhat might COP26 mean for the airline industry?
On the eve of the UN climate change conference COP26, the airline industry is braced to discover what the eventual outcomes will mean for its growth path.
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NewsWizz dismisses executive over undisclosed share trading
Wizz Air has dismissed its chief supply officer over a series of undisclosed share dealings following an investigation by the Financial Conduct Authority, the UK’s finance regulator.
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NewsProfitable Transavia reflects rebound in European leisure activity
Budget carrier Transavia’s third-quarter operating profit of €105 million ($123 million) reflected strong recovery in leisure demand within Europe. Transavia’s capacity returned to around 85% of the pre-crisis level for the same quarter, and load factor exceeded 78%. Parent company Air France-KLM adds that the budget airline’s yield over the ...
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NewsAir France-KLM awaits Asia re-opening as it turns in third-quarter operating profit
Air France-KLM Group is expecting its overall capacity for the fourth quarter to be some 25-30% down on the same period in pre-crisis 2019. The company gave the estimate as it demonstrated gradual recovery by posting a third-quarter operating profit of €132 million ($154 million). But it is not giving ...
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NewsNorwegian solves fleet ‘winter problem’ and focuses on crew after cash-positive quarter
Scandinavian low-cost carrier Norwegian is working to introduce flexibility among its air crew to cope better with low-season demand, having established fleet flexibility for the coming winter seasons.
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NewsPD-14 engine for MC-21 passes landmark volcanic ash exposure test
Russia’s United Engine has conducted volcanic ash ingestion tests of the Aviadvigatel PD-14 powerplant for the Irkut MC-21-310. State technology firm Rostec says the tests – using ash from the Shiveluch volcano in eastern Kamchatka – are the first to have been carried out for a Russian-built engine. Testing of ...
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NewsAirbus to upgrade Chinese line for A321neos as first XLR nears assembly
Airbus is to ensure that all four of its A320neo-family assembly centres, including its Chinese facility, are capable of producing the larger A321neo variant. The airframer’s chief executive, Guillaume Faury, disclosed the plan during a third-quarter briefing, as the company prepared to start final assembly of the latest version of ...
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NewsBlue Panorama faced suspension procedure over financial difficulties
Italian carrier Blue Panorama’s suspension of commercial services follows measures initiated by the country’s civil aviation authority over financial issues. Civil aviation regulator ENAC states that Blue Panorama has notified the authority of its decision to suspend commercial activity from 28 October. ENAC reveals it had commenced procedures on 22 ...
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NewsAirbus wrestles to reverse dip in monthly delivery rates
Airbus is striving to restore aircraft delivery rates following a dip in the last couple of months, but believes supply-chain hitches are temporary and its broader ramp-up of aircraft production is under control. The airframer’s monthly delivery figure slipped back to 40 aircraft in August and September, its lowest level ...
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NewsAirbus cranks up single-aisle production but postpones A350 hike
Airbus has signalled that it plans to raise production rates across its range, although the output for single-aisle jets will remain the priority. It is intending to hike monthly A320-family production to 65 aircraft by summer 2023, up from a previous figure of 64, while the A220 rate will be ...
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NewsUnions claim leisure carrier Blue Panorama services suspended
Italian transport unions are claiming that leisure carrier Blue Panorama has suspended operations, adding to a list of airline casualties in the country. Blue Panorama has a fleet which includes Airbus A330s and Boeing 737-800s, according to Cirium data. The carrier has had a turbulent history, having been resurrected in ...