Category: Europe

AerCap
EU Approves AerCap’s and GECAS Merger

Reading Time: < 1 minute The European Union has officially given its approval for AerCap’s merger with GECAS. The transaction marks part of an ongoing consolidation in the leasing market in the wake of Covid-19.  “The transaction is therefore unlikely to give rise to serious competition concerns in the markets for aircraft and aircraft engine leasing,” European Commission said. The […]

parked aircraft
IATA Disagrees with European Commission Regarding Slot Rules

Reading Time: < 1 minute International Air Transport Association (IATA) has called the European Commission decision on slots “out of touch with reality.” The European Commission has decided that for winter 2021/2022, airlines will need to use at least 50% of their airport slot allocations, or otherwise, they will be deprived of them. When speaking about the decision in an […]

Marijus Ravoitis, new BAA Training CEO
BAA Training Appoints Marijus Ravoitis As Its New CEO

Reading Time: 3 minutes BAA Training today announced the confirmation of Marijus Ravoitis as a new CEO of the company, who will supervise all its business operations globally. Egle Vaitkeviciute steps away as a CEO and progresses her career taking a more advanced role as a Strategic Advisor for BAA Training. The transition comes into force on the 3rd […]

Icelandair Boeing 737 MAX
Icelandair Is Satisfied with Its Boeing 737 MAX Aircraft

Reading Time: < 1 minute Icelandair has taken deliveries of three new Boeing 737 MAX aircraft in the most recent quarter, bringing its total fleet to nine MAX aircraft. Seven are already in service, and the rest are expected to start flying from August. The airline is so far very pleased with the performance of the MAX: “The aircraft is […]

hailstorm_emirates
Hail Damaged Emirates Boeing 777 Departing Milan

Reading Time: < 1 minute An Emirates flight EK205 was disturbed by the hailstorm making the aircraft turn around shortly after it took off on Tuesday, 13th July. As JACDEC reports, the incident occurred on Emirates flight EK205 from Milan Malpensa to New York JFK on Tuesday. The Boeing 777-300ER departed Milan at 16:23 local time. However, minutes after it […]

Goncalo
Forward-looking Plans of Avia Repair Co

Reading Time: 4 minutes A newly established maintenance, repair and overhaul (MRO) company Avia Repair Co based at Lleida-Alguaire International Airport in Spain, will start its operations shortly. BAA Training is its founder and anchor client, but a more expanded customer and service portfolio are expected to follow over the next years. Initially, Avia Repair Co will be serving […]

Ryanair
Ryanair Is to Recruit 2,000 New Pilots

Reading Time: < 1 minute Ryanair says it is going to recruit 2,000 pilots over the next three years. Having additional flight crews will be necessary as the industry’s recovery is imminent and the airline is healing from the Covid-19 impact. The main trigger for a recruitment drive Ryanair has just announced is that the carrier is taking 210 new […]

Turkish Airlines
Turkish Airlines Raises Employee Wages

Reading Time: < 1 minute Turkish Airlines is getting stronger and is restoring wages to its employees. It has also received financing from US-based Castlelake backed by four new Boeing 737 MAX aircraft. Turkish Airlines, just like any other airline, was hit hard by the pandemic and had to cut wages in 2020. The wages were reduced by 30% for […]

Finnair
Finnair’s Passenger Levels Doubled

Reading Time: < 1 minute Finnair has said its passenger numbers doubled from May to June. The Finnish airline carried 127,900 passengers in June, which stands for a 131.5% increase on its 2020 figure. As Europe keeps recovering from the third coronavirus wave, it also marks a 54.5% increase month on month. The increase in passenger numbers wasn’t spread equally […]

Lufthansa
Lufthansa Has Secured €1 Billion In Liquidity

Reading Time: < 1 minute Lufthansa has raised cash after issuing a bond worth €1 billion. As of March 31, the carrier had around €10.6 billion in cash and cash equivalents at hand. Lufthansa raised the first €500 million due to a series of €100,000 three-year bonds with an annual interest rate of 2.0%. Another €500 million came via eight-year […]