Europe – Page 4
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News
Icelandair firms expectations for improved profits in 2024
Icelandair expects its EBIT profit margin to increase to between 2-4% this year on revenues rising to $1.6 billion after firming its financial guidance for 2024.
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News
Avion Express completes financial restructuring
Wet-lease specialist Avion Express has completed a corporate financial restructuring undertaken after the pandemic hit.
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News
Polish air force sharpens road-strip operating skills in latest exercise
Poland has completed its latest ‘Route 604’ road landing exercise, although challenging weather conditions restricted the scope of the activity.
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Podcast
Airline Business Podcast: Changes at the top of Boeing and Europe’s united front
In the latest episode – sponsored by Panasonic Avionics – Graham and Lewis discuss the impact of the recently announced changes at the top of Boeing, which came after several airlines voiced concerns about aspects of the airframer’s management.
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News
North Macedonia signs almost €250m contract for Leonardo military helicopters
North Macedonia has finalised a contract to acquire four Leonardo Helicopters AW149s and the same number of AW169Ms, with deliveries to start in 2026.
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News
Tus Airways’ ownership split three ways after investment transaction
Cypriot-based Tus Airways’ ownership has been equally split three ways, following completion of an investment transaction by a third party. Tus Airways had previously been owned by Global Knafaim Leasing and US entrepreneur Kenneth Woolley, with Woolley holding a stake of slightly over 50%. But Global Knafaim states that a ...
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News
Tecnam secures European certification for short take-off P2012
Italian airframer Tecnam has secured European certification for the short take-off and landing variant of its P2012 Traveller twin-engined commuter aircraft. The European Union Aviation Safety Agency lists the type certificate as having been amended from 1 March to add the STOL configuration. Tecnam has developed the P2012 STOL to ...
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News
EASA transitioning to new leadership in April
Transition to new leadership at the European Union Aviation Safety Agency will take place on 1 April, when Florian Guillermet formally takes up the post of executive director. Guillermet was identified as the successor to interim chief Luc Tytgat in December last year although a timeline had still to be ...
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News
Corsair participates in Thales-led consortium developing pilot-behaviour evaluation method
French leisure carrier Corsair is participating in a consortium, led by aerospace firm Thales, which aims to develop a new methodology for evaluating pilot behaviour. The project, known as ‘Perceval’, is a response to changes in training programmes, notably the introduction of evidence-based training. Evidence-based training concentrates on assessing core ...
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News
Acquisition targets ITA Airways and TAP Air Portugal flag improved results
European acquisition targets ITA Airways and TAP Air Portugal both flagged improved financial results for 2023, as the Italian carrier reached break-even a year earlier than budgeted and the Portuguese airline posted record profits.
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News
SAS’s parent company formally seeks Swedish re-organisation
Scandinavian carrier SAS’s parent company, SAS AB, has formally filed for re-organisation in Sweden, a measure previously indicated during SAS’s proceedings under US Chapter 11 protection. Successful completion of this re-organisation is a condition for the airline’s Chapter 11 plan, which recently secured US bankruptcy court approval. The company requires ...
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News
Patria gains F-35 landing gear door work as part of HX offsets
Finland’s Patria will shortly begin work to stand up a new production line for landing gear doors on the Lockheed Martin F-35.
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News
Electric Pipistrel to join ASL Academy training fleet at Antwerp
Training organisation ASL Academy is introducing the electrically-powered Pipistrel Velis Electro to its student pilot fleet at Antwerp.
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News
Iceland’s Play to open public share offering window in April
Icelandic budget carrier Play will aim to raise up to IcKr500 million ($3.6 million) in a public offering next month, to support funding already promised under subscription commitments. The airline will open the offer period on 9 April and it will run to 11 April. Play is prepared to issue ...
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News
UK’s Jet2 to open Bournemouth base next year
UK leisure carrier Jet2 is to establish a new base at Bournemouth, on the south coast, and unveiled a batch of destinations to be served in summer next year. The decision brings the number of UK bases for the holiday airline to 12. Jet2 says it will initially base two ...
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News
Saab gets Arexis contract for Germany’s Eurofighter EK update
Saab has received a contract to supply 15 Arexis electronic warfare systems for integration with the German air force’s future fleet of Eurofighter EK aircraft.
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News
Britten-Norman looks to the long term after restructuring
UK manufacturer Britten-Norman’s immediate future has been secured with the sale via an apparent pre-pack administration of the business and assets of five companies within the B-N Group to a private equity firm.
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News
Romania’s Bees Airlines obtains air operator’s certificate
Romanian start-up carrier Bees Airlines has secured an air operator’s certificate from the country’s regulator. The carrier is aiming to operate international non-scheduled services from Bucharest’s primary Henri Coanda airport. Bees Airlines says it plans to serve routes to holiday destinations including resorts in Turkey and Egypt. The carrier will ...
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News
European regulator flags competition concerns over Lufthansa-ITA deal
European regulators cite some short-haul routes to central Europe, long-haul routes to North America and Japan and ITA Airways’ strong position at Milan Linate airport as key areas that could restrict competition if Lufthansa completes a deal to acquire a stake in the Italian carrier.
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News
HAV reveals location of Airlander 10 production site
Hybrid Air Vehicles (HAV) has revealed that it will produce its Airlander 10 at a purpose-built factory at Carcroft Common in the north of England.