Benelux

German airline company group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks. The airline is 20% owned by BA-parent IAG, which revoked taking complete ownership last year due to regulatory concerns. Air Europa is seeking funds to pay an impressive bundle of loans worth a total of 475 million euros ($ 491.8 million). given by the federal government throughout the pandemic. According to Spanish newspaper el Economista, the discussion. with Lufthansa has to do with the German flag carrier taking a 20%....

GE Aerospace on Thursday forecast a stronger full-year revenue as need for its high-margin parts and services got a. boost from airline companies flying older jets to avoid a relentless. lack of brand-new airplane. The company's shares increased 6.5% in trading before the bell. after GE Aerospace likewise announced strategies to increase its share. buybacks to $7 billion in 2025 and dividend by 30%. Production challenges at Boeing and Airplane. have led to longer wait times for airline companies to take delivery. of brand-new jets, triggering them to run older,. maintenance-intensive aircraft to satisfy demand for air travel. That has...

GE Aerospace on Thursday forecast earnings for the existing year above quotes, as consistent shortage of new aircraft forces airline companies to fly older jets, developing strong demand for its highmargin parts and services. The company also revealed strategies to increase its share buybacks to $7 billion in 2025 and dividend by 30%. Production difficulties at Boeing and Airplane have led to longer wait times for airlines to take delivery of new jets, prompting them to operate older, maintenance-intensive aircraft to fulfill demand for air travel. That has helped companies such as GE Aerospace, which usually sells its engines to...

Concerns about conflict in the Middle East have prompted airline companies to suspend flights to the region, but with the ceasefire between Israel and Hamas in place, some are meticulously resuming their services Below are some of the airline companies that have actually suspended services. and those that have recently begun resuming them: AEGEAN AIRLINES The Greek airline company in August cancelled flights to and from Beirut until March 29. AIR ALGERIE The Algerian airline has actually suspended flights to and from Lebanon up until additional notification, it said on Aug. 1. AIRBALTIC Latvia's airBaltic has actually cancelled flights to...

The CEO of Europe's Airplane has informed personnel that the group ended 2024 in much better shape than it feared when releasing a revenue warning last summer, while caution of a deteriorating global environment and newly increased organization dangers. Referring to group-wide performance, Guillaume Faury said in a memo seen : From a functional viewpoint, we ended up the year in a better state than we feared when we altered our guidance to the monetary markets in July. An Airplane representative stated it never comments on internal correspondence. Airbus this month reported 766 jet deliveries, just shy of a. targeted...

China's drive to burglarize foreign aviation markets with its homegrown COMAC jets has intensified, with a push to persuade Vietnam to authorise its airplanes in the nation, according to two people with understanding of the talks and files. COMAC's actions in Vietnam demonstrate how the state-owned firm has in the past year started a more deliberate marketing method to regulators and airlines as it seeks to contend worldwide with leading Western planemakers Airbus and Boeing. After months of talks, Vietnam's leading personal airline VietJet was supposed to start on Jan. 15 the short-term lease for a domestic path of two...

PostNL's president called for urgent federal government action to secure the Dutch postal service on Monday, after the group cautioned on 2024 profit partly due to what she called an unsustainable service design. Shares of the postal operator fell as much as 8.4% in early trading, nearing their all-time low seen in March 2020. Slow to broaden their parcel networks and at times in monetary trouble, conventional postal services in Europe are having a hard time to keep up with competitors from other parcel locker operators such as Poland's InPost or Amazon. In a statement, outgoing CEO Herna Vernhagen called...

Chinese planemaker COMAC prepares to raise production capability for its homegrown C919 singleaisle planes to 50 this year, a COMAC executive informed a. media outlet supported by the Shanghai federal government. COMAC Deputy General Manager Shen Bo likewise stated the. Shanghai-based state-owned firm intends to manufacture 30 C919. airplane this year, in an interview with The Paper released on. Saturday. COMAC is seeking to complete internationally with leading. Western planemakers Airplane and Boeing, which. produce lots of their single-aisle A320neo family and 737 MAX. jets per month. Scaling up production and getting certification from. foreign aviation regulators are crucial to...

The following are the leading stories on the business pages of British papers. Reuters has not confirmed these stories and does not guarantee their precision. The Times - British transport operator FirstGroup is campaigning to avoid plans by the new transportation secretary to end private operations on the government's renationalised trains. - Plane is offering financial backing to secret suppliers to enhance production in 2025, after missing delivery targets last year due to supply chain disruptions, including concerns with engine provider CFM. The Guardian - UK medics carried out a groundbreaking operation, getting rid of a. formerly inoperable brain tumor...

Issues about dispute in the Middle East have triggered worldwide airline companies to suspend flights to the area, though some are resuming the routes as a ceasefire agreement between Israel and Hamas was announced. Below are a few of the airline companies that have suspended services to and from the region: AEGEAN AIRLINES The Greek airline company in August cancelled flights to and from Beirut till March 29. AIR ALGERIE The Algerian airline has suspended flights to and from Lebanon up until more notice, it said on Aug. 1. AIRBALTIC Latvia's airBaltic has actually cancelled flights to and from Tel...

The chief executive of Jet said he was positive the business would reach its target of making 75 singleaisle airplane a month in 2027, offered its financial investment, focus on its supply chain and the hiring of people ahead of time. By 2027 we will be with the capability rate 75 totally in location, which's something we are very confident of, CEO Guillaume Faury informed press reporters on Wednesday. The European planemaker had in July cut its annual shipment target to around 770 aircraft from 800 after Faury said he had been blind-sided by a drop in products from enginemaker...

Issues about dispute in the Middle East have triggered global airlines to suspend flights to the region or to avoid affected airspace. Below are some of the airline companies that have suspended services to and from the area: AEGEAN AIRLINES The Greek airline company in August cancelled flights to and from Beirut up until March 29. AIR ALGERIE The Algerian airline company has suspended flights to and from Lebanon until further notice, it said on Aug. 1. AIRBALTIC Latvia's airBaltic has actually cancelled flights to and from Tel . Aviv until Jan. 28. It announced the suspension in late. September....

Dutch postal operator PostNL cut its 2024 operating earnings projection for the second time on Monday, with its top executive mentioning less seasonal mail than expected in December and an unsustainable organization model. The Amsterdam-listed stock fell 3.2% in early trading. Slow to broaden their parcel networks and at times in financial difficulty, traditional postal services in Europe are having a hard time to keep up with competitors from other parcel locker firms such as Poland's InPost and Amazon. Immediate action to change the USO responsibilities (universal. service commitments) as well as a financial contribution from. federal government are inevitable...

Poland's InPost will invest an extra 600 million pounds ($ 731 million) by 2029 to broaden its operations in the UK, the UK federal government stated on Thursday. This will bring the parcel locker company's total investment in the UK to 1 billion pounds, supporting approximately 12,000 brand-new tasks, the government said in a declaration. InPost plans to broaden its network of automated lockers and logistics facilities in the country, the business said in a. declaration on Friday. The lockers, dubbed automated parcel devices or APMs, allow. customers to gather or drop off plans when it matches them. Britain is...

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

European shares were on course to post their worst week in three months on Friday, as U.S. Presidentelect Donald Trump's comments about prospective tariffs on the European Union even more startled investors currently stressed about the rate outlook. The pan-European STOXX 600 index fell 0.8% by 0812 GMT, trading at its lowest in nearly a month and on course for its most significant weekly decrease considering that early September. Trump stated that the EU should acquire U.S. oil and gas to offset its remarkable deficit with the world's biggest economy, or face tariffs. All the major European subsectors remained in...

U.S. Postmaster General Louis DeJoy protected plans to buy a rising number of electric delivery lorries and said he did not plan to return funding allocated for zeroemission models without legislation from Congress. In 2023, Congress provided USPS $3 billion as part of a $430. billion environment expense to buy EVs and charging infrastructure--. consisting of $1.2 billion for electrical cars. It prepares to purchase. some 66,000 electrical cars by 2028. DeJoy stated at a U.S. Legislature hearing on. Tuesday that the EV purchase strategy makes service sense for USPS. Reuters reported recently that Donald Trump's shift. group is thinking...

Donald Trump's transition group is considering canceling the U.S. Postal Service's agreements to energize its delivery fleet, as part of a wider suite of executive orders targeting electric cars, according to three sources knowledgeable about the strategies. The relocation, which could be unveiled in the early days of Trump's administration that begins on Jan. 20, is in line with Trump's project guarantees to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. change-- a program Trump has actually stated is unnecessary and possibly. damaging to the economy. Reuters has previously reported that Trump is preparing to....

Donald Trump's transition group is considering canceling the U.S. Postal Service's contracts to amaze its shipment fleet, as part of a more comprehensive suite of executive orders targeting electric automobiles, according to three sources acquainted with the strategies. The move, which might be revealed in the early days of Trump's administration that begins on Jan. 20, remains in line with Trump's project assures to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. modification-- a program Trump has stated is unneeded and possibly. harming to the economy. Reuters has previously reported that Trump is planning to....

Donald Trump's transition group is thinking about canceling the United States Postal Service's. agreements to electrify its shipment fleet, as part of a broader. suite of executive orders targeting electrical lorries, according. to 3 sources knowledgeable about the strategies. The relocation, which might be revealed in the early days of. Trump's administration that starts on Jan. 20, is in line with. Trump's campaign promises to roll back President Joe Biden's. efforts to decarbonize U.S. transportation to combat environment. change-- an agenda Trump has stated is unneeded and potentially. damaging to the economy. Reuters has formerly reported that Trump is planning...

Donald Trump's shift group is thinking about canceling the United States Postal Service's. contracts to energize its shipment fleet, as part of a wider. suite of executive orders targeting electrical cars, according. to 3 sources acquainted with the strategies. The move, which could be revealed in the early days of. Trump's administration that starts on January 20, remains in line. with Trump's campaign assures to roll back President Joe. Biden's efforts to decarbonize U.S. transportation to fight. environment modification-- a program Trump has said is unneeded and. potentially damaging to the economy. Reuters has previously reported that Trump is preparing...

An Indian antitrust examination has concluded there was no cost collusion between the domestic systems of delivery business DHL, United Parcel Service and FedEx, according to three sources and a file seen . The Competitors Commission of India (CCI) ordered an examination in 2022 into more than a lots shipment companies for alleged collusion on discount rates and tariffs and had reviewed thousands of emails to examine the fees business charged for airport services, Reuters reported in January. The case was filed by the Federation of Indian Publishers, which grumbled that international business, together with lots of domestic companies, were...

Boeing stated on Tuesday it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers throughout the exact same month in 2023, after a weekslong strike stopped the majority of its aircraft production. The U.S. planemaker is needing all of its West Coast factory employees to be back at work on Tuesday after the strike ended on November 5, but added in a statement that it will be numerous weeks before aircraft production gets fully in progress. Boeing is dealing with heightened oversight by the U.S. Federal Aviation Administration (FAA) as it...

PPF Group, the investment lorry owned by main Europe's wealthiest family, will look for more acquisitions across its portfolio consisting of possibly some United Group assets in southeast Europe and other telecom companies, its CEO Jiri Smejc told Reuters. Billionaire investor Smejc took control of managing PPF in 2022 on behalf of the household of his long-time business partner Petr Kellner after his death in a heli-skiing crash. He has actually since led a shift away from Russia and Asia to Western markets, taking stakes in German TV group ProsiebenSat.1. , parcel box company InPost, streaming. companies Viaplay and other...