IATA, Eurocontrol and the Civil Air Navigation Services Organisation announced a three-way deal to “expedite efficiency improvements in European air traffic management” that will achieve annual savings of 470,000 tonnes of fuel, US$550 million and 1.5 million tonnes of carbon dioxide emissions, according to the trio. The plan calls for an airspace redesign to accommodate a 0.1 per cent reduction in routes equivalent to 4 million nautical miles per year and US$28 million in … [Read more...] about Europe/CIS: Three-way deal to reduce emissions
Air & Cargo Services
Europe/CIS: Finnair grapples to find cost-savings
Finnair said recently that it has given its employee groups two weeks to examine three possible cost-saving alternatives. A spokesperson told Reuters that one option is a salary cut of 5 per cent across the company, the second a 15-month salary freeze and the third 400 layoffs. Employees would get some money back if the airline meets certain financial targets, although it said it may report an operating loss in the second half. … [Read more...] about Europe/CIS: Finnair grapples to find cost-savings
Europe/ CIS: Cargolux adds second Miami frequency
Following the start of weekly services to Miami in April of this year, Cargolux Airlines International S.A., Europe’s largest all-cargo airline, added a second weekly frequency to Miami, with continuation to Houston, operational since 24 July. On board Cargolux’s B747-400 freighters to Miami – Houston, is mostly machinery, oil well equipment and automotive parts are loaded, contributing to the growth of local industries. Importantly, Cargolux will offer connections on … [Read more...] about Europe/ CIS: Cargolux adds second Miami frequency
Europe/ CIS: Lufthansa to take over Brussels Airlines
Lufthansa will take over Brussels Airlines, the carriers announced recently, in a deal that potentially values the Belgian carrier at €250 million (US$355.6 million) and could pave the way for its entry into Star Alliance. In a first step, LH will take a 45 per cent “strategic” stake in Brussels Airlines parent SN Airholding for €65 million. It will have the option of acquiring the remaining 55 per cent from 2011. The two-phased agreement is dependent upon approval of … [Read more...] about Europe/ CIS: Lufthansa to take over Brussels Airlines
Europe/ CIS: Airbus sells its UK wing component plant
Airbus and GKN have signed a contract under which GKN will purchase the wing component and assemblies manufacturing unit based at Airbus’ site at Filton, near Bristol, UK. This includes all operational business, assets and activities being transferred to GKN. As a result of the transaction, GKN has committed itself to make further investment in the unit in order that Filton will continue to play its important role in Airbus’ current and future programmes, Airbus said. The unit is … [Read more...] about Europe/ CIS: Airbus sells its UK wing component plant
Europe/ CIS: BAA to sell Gatwick in bid to appease watchdog
BAA put London Gatwick up for sale last month, a move it described as a “realistic response” to the UK Competition Commission’s provisional report released last month that raised concerns over the company’s ownership of seven UK airports including three serving London. Though BAA said it does not agree with the CC’s provisional fi ndings, a precursor to a fi nal decision expected early next year on whether BAA’s airport holdings should be broken up, it … [Read more...] about Europe/ CIS: BAA to sell Gatwick in bid to appease watchdog
