Emirates to Operate Limited Passenger Flights in May
Emirates is set to operate limited passenger services to Frankfurt (02, 04, 06, 09, 11, 13 May), London Heathrow (03, 05, 07, 10, 12, 14 May), Manila (3, 6, 8, 10, 13, 15, 16 May),…
Category: European News
Airbus to Furlough 3,200 Staff at Broughton Factory in Wales
LONDON (Reuters) - Airbus <AIR.PA> will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survival at…
Airbus Warns Staff on Jobs With its ‘Survival at Stake’
FILE PHOTO: Airbus CEO Guillaume Faury poses before Airbus's annual press conference on full-year results By Tim Hepher PARIS (Reuters) - European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis,…
Boeing Terminates Joint Venture Agreement With Embraer
Boeing (NYSE: BA) announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a new level of strategic partnership. The parties had planned to create…
Norwegian Air Could Run Out of Cash Unless Debt Plan Approved
OSLO (Reuters) - Norwegian Air <NAS.OL> could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday. If approved by bondholders,…
EasyJet Says Can Ride Out 9 Month Shutdown and Slow Recovery
FILE PHOTO: EasyJet planes parked at Luton airport after the airline grounded its entire fleet LONDON (Reuters) - EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and…
German Carmakers to Resume Production as Lockdowns Ease
FILE PHOTO: VW hosts photo workshop at Zwickau plant FRANKFURT (Reuters) - German carmakers including Volkswagen <VOW.DE> and Mercedes-Benz <DAI.DE> will restart production at some German factories next week after the country eased restrictions designed…
Norwegian Air Shares Plummet 60% After Proposed Rescue Plan
OSLO (Reuters) - The shares of Norwegian Air plunged by more than 60% on Tuesday as they resumed trade after the airline proposed a financial rescue package on April 8 that would significantly dilute existing…
Luxembourg Armed Forces A400M Makes Maiden Flight
The Airbus A400M new-generation airlifter ordered by the Luxembourg Armed Forces has made its maiden flight, marking a key milestone towards its delivery. The aircraft, known as MSN104, took off from Seville (Spain), where the…
EasyJet Founder Says Will Not Inject Fresh Equity Into Company
FILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport (Reuters) - Stelios Haji-Ioannou, the founder of easyJet Plc <EZJ.L>, has warned that he will…