Western Europe

Ryanair has actually seen better momentum in bookings given that last month and less require to cut costs, CEO Michael O'Leary told Reuters on Tuesday, adding that yearly profit was most likely to be slightly down on in 2015 but remained extremely strong. His remarks provided reassurance after a tough few months for the industry. Shares in Ryanair spiked higher, also giving a. improve to rival European airline company groups including easyJet. , IAG, the owner of British Airways, Air. France-KLM and Lufthansa. We think we are past the worst of the 'fare scare' which. hit European airline companies this...

Wizz Air anticipates 1520% growth in guest volume next year, its chief executive informed Reuters on Monday, with new lowcost paths to the Middle East, such as from Europe to the United Arab Emirates, adding an additional boost. Internationally, we are expecting 15-20% (development), but I believe Abu Dhabi is going to grow beyond this, Jozsef Varadi said. Hungary-based Wizz Air, which brought a record 62 million travelers throughout the year ended in March 2024, set up operations in the UAE in 2019 as a joint endeavor with Abu Dhabi's third greatest sovereign wealth fund ADQ. In the Middle East,...

Space launch company Arianespace on Monday declared plans to stage the second objective of Europe's Ariane 6 launcher before the end of the year after a glitch that spoiled the inaugural launch was traced to an quickly fixable software fault. Following prolonged delays, Europe's most recent uncrewed rocket blasted off on July 9 and successfully performed a series of trials. However the mission ended with the launcher cruising in orbit without releasing its last batch of payloads. Arianespace CEO Stephane Israel said the failure to phase a. third shooting of the upper-stage Vinci engine, which led to. the final releases...

Latvian provider airBaltic is in preIPO talks with one strategic financier at the minute, President Martin Gauss told Reuters on Monday, decreasing to discuss reports that the airline remained in conversations with Lufthansa relating to an investment. In our case, we are speaking with one strategic pre-IPO financier, Gauss stated in an interview in London, including that in the IPO preparation stage, the provider could talk to other anchor and foundation investors. Gauss had formerly said that he sees airBaltic one day belonging to a larger airline group like Lufthansa, however on Monday he reiterated that he does not see...

Ryanair Group CEO Michael O'Leary stated on Saturday a prolonged Boeing employees' strike may cut the number of aircraft it receives by next summertime to 20 from an awaited 25. O'Leary said his low-priced Irish airline, one of Boeing's. biggest clients, was expected to get 30 737 MAX. aircraft before summertime 2025 however Boeing's functional problems had. already brought that number to 25. Today, with this week's Boeing's workers' strike further. threatening the airplane maker's turn-around, O'Leary stated. Ryanair may only receive 20 planes if the strike continues for. three to four weeks. I believe that Boeing will repair this...

Boeing's. initially strike in 16 years might even more compound global shortages. of jetliners that have actually been rising airfares and requiring. airline companies to keep older jets flying longer, industry executives. and experts said. The U.S. planemaker's West Coast workers went on strike at. midnight on Friday after extremely turning down an agreement. offer, stopping production of Boeing's workhorse 737 MAX. It is Boeing's descent on given that 2008, and Boeing Chief. Financial Officer Brian West warned a prolonged walkout could. hurt output and threaten our healing. Boeing is a systemically important business for worldwide. aviation, Ross O'Connor, chief...

Avia Solutions Group, which leases airplane and supplies related services, expects leasing rates to remain high for at least two more years, Chairman Gediminas Ziemelis stated on Friday, permitting the group to additional broaden and increase profits. Lease rates have actually increased around 20-22% from pre-COVID 19 levels as airlines have taken fewer deliveries of brand-new aircraft and significantly extend leases on their fleets, Ziemelis stated in an interview. Production hold-ups by aircraft producers have actually boosted carriers' need for rented planes to fulfill a spike in travel need. The need to service older airplanes and for additional pilots and...

Irish leasing giant Avolon has actually consented to acquire smaller competing Castlelake Aviation Limited, including a $5 billion portfolio of assets that consist of 118 airplane, the world's secondlargest airplane lessor said on Friday. Avolon said the deal will construct its fleet of more than 1,000 aircraft at attractive yields and is expected to close in the first quarter of next year. This deal accelerates our development prepares adding a. portfolio of properties that will even more enhance our cashflow. and profits profile, Avolon President Andy Cronin stated. in a declaration. Castlelake Air travel is owned by international alternative. investment...

Issues over a broader conflict in the Middle East have prompted international airlines to suspend flights to the area or to avoid affected air space. Below are a few of the airline companies that have actually changed services to and from the area: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon till further see. AIRBALTIC. Latvia's airBaltic cancelled flights to and from Tel Aviv till. Sept. 15. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv until Oct. 26. The Franco-Dutch group's low-priced system Transavia cancelled. flights to and from Tel Aviv till March 31,...

All flights to and from Belgium's Charleroi airport, a major center for budget airline company Ryanair, were cancelled on Friday for a second day as the airport's employees continued to strike. A joint union strike has been announced at Charleroi airport. All flights set up for this Friday are cancelled, Charleroi Airport said in a statement, advising guests to not go to the airport but to contact their airline. According to its website a minimum of 87 flights were meant to depart from the airport on Friday and 6 of those would depart from Brussels Airport instead, about 70 km...

Boeing's U.S. West Coast factory workers will stroll off the job after 96% voted on Thursday in favor of a strike, halting production of the planemaker's strongestselling jet as it wrestles with persistent output hold-ups and mounting debt. Here is a timeline of concerns surrounding Boeing: OCTOBER 2018: A Lion Air MAX aircraft crashes in Indonesia, eliminating all 189 individuals on board. NOVEMBER 2018: The FAA and Boeing say they are assessing the need for software application or style modifications to 737 MAX jets following the Lion Air crash. MARCH 2019: An Ethiopian Airlines MAX crashes, killing all 157 people...

The following are the leading stories in the Financial Times. Reuters has not confirmed these stories and does not vouch for their precision. Headlines - US and UK to discuss enabling Ukraine to utilize long-range rockets versus Russia - EU rejects Chinese EV makers' bid to avoid significant tariffs - EasyJet requires UK air traffic chief's sacking over ' continuous failure' to take on disruption - Starmer to prohibit television junk food advertisements after 9pm in public health drive Introduction - U.S. President Joe Biden will hold talks with British Prime Minister Sir Keir Starmer on Friday about whether to...

The Dutch federal government stated on Tuesday it was still weighing options for the German activities of stateowned electrical power grid operator TenneT , consisting of a possible stock exchange listing. The federal government said it would supply TenneT with an overall of 19 billion euros ($ 21 billion) in loans through 2026, after the German federal government failed to agree on a planned purchase of the Dutch company's German activities previously this year. TenneT requires capital for big investments in the grid to assist with the shift away from nonrenewable fuel sources. The fresh capital comes on top of...

Top energy executives and ministers will meet in Houston this week for the yearly Gastech conference, with U.S. markets in focus as growing melted gas (LNG) exports help wean Europe off Russian gas and as Asia moves away from coal. The U.S., when an importer of LNG, has actually gone beyond Qatar as the world's top exporter, with brand-new innovation allowing America's. shale manufacturers to tap huge reserves. Both countries have. significant LNG expansion jobs underway, playing higher. value in international markets from Europe to Asia. The conference comes to the U.S. for the first time considering that. 2019 as...

The companies announced on Monday that Apollo Global Management had signed a deal worth $1 billion with British energy giant BP in order to finance its stakes in the Trans Adriatic Natural Gas Pipeline. The U.S. asset management company will become a noncontrolling shareholder of BP's unit, which holds a 20% stake Trans Adriatic Pipeline AG. The other shareholders with 20% each are Azerbaijani state energy company SOCAR and Italian Snam. Fluxys, based in Belgium, is also a shareholder. The Trans Adriatic Pipeline operates a natural-gas transportation infrastructure between the Greek border and Turkey, as well as Southern Italy. Trans...

Germany will indication two agreements to increase oil imports from Kazakhstan for Berlin's primary Schwedt oil refinery, sources informed Reuters on Sunday. German Chancellor Olaf Scholz will be in Kazakhstan and Uzbekistan on Monday and Tuesday, on his first see to Central Asia as Berlin looks for new markets and sources of energy and minerals in the wake of the Ukraine war. Under the contract, a regular monthly supply of 100,000 metric loads of petroleum will be secured up until completion of 2025, with a. 2nd agreement for the supply of as much as 50,000 heaps per month. The PCK...

Czech gas transmission system operator NET4GAS has won an arbitration case against Russian group Gazprom Export over payments it was owed, the Czech business said. In a filing late on Thursday, NET4GAS said a tribunal had bought (Gazprom Export) to pay the claimed amount together with default interest and reimburse N4G for the costs of the proceedings. Gazprom and Gazprom Export did not immediately respond to a. request for remark. NET4GAS has said it was declaring 113 million euros from. Gazprom Export after the Russian carrier stopped working to make payments. under contracts following the halt in products to Europe...

German Chancellor Olaf Scholz starts his very first visit to Central Asia on Sunday, taking a trip to Kazakhstan and Uzbekistan as Berlin tries to find new markets and sources of energy and minerals in the wake of the Ukraine war. He currently has some key offers under his belt. Kazakh crude started streaming through the Druzhba pipeline in 2015, keeping Berlin's Schwedt refinery running after the European Union imposed sanctions on Moscow, and Russian supplies dropped off. This marked a totally brand-new instructions in bilateral cooperation, as no Kazakh oil had actually previously flowed through this pipeline, a Kazakh...

A teen has been apprehended following a cyberattack on London's public transportation body last week in which some individual consumer information was accessed, the National Crime Company (NCA) stated on Thursday. Transport for London (TfL), which operates the capital's. tube and bus networks with countless journeys each day, stated. it was getting in touch with around 5,000 customers whose bank account data. might have been accessed in the Sept. 1 event. Other customer data consisting of names and contact details had. been accessed, it included. The NCA, which is investigating the cyberattack along with. TfL and the National Cyber Security...

Germany ought to create a. centralised prepare for power providers to spur quick investment in. new gastopower plants ahead of prepared tenders, in charge of. German utility Uniper informed Reuters. Planned tenders in early 2025, approved by the EU in June,. are part of efforts to supplement periodic renewable energy. and speed up the transition to low carbon generation. The Economy Ministry on Wednesday started a six-week. consultation around a total 12.5 gigawatts (GW) of brand-new power. plant capacity, setting out four options for an accompanying. market design and itself favouring an alternative that measures. of Germany's decentralised energy industry...

Germany needs to settle on a. centralised capacity market scheme for the second half of this. decade, to stimulate fast financial investments in new gastopower plants for. which Berlin prepares tenders in early 2025, the head of utility. Uniper informed Reuters. The Economy Ministry on Wednesday started a six-week. consultation around an overall 12.5 gigawatts (GW) of new power. plant capability, setting out four alternatives for an accompanying. market style and itself favouring an alternative that takes account. of Germany's decentralised energy industry and geography. Uniper is critical of the government's favoured option of a. so-called decentralised system, said CEO...

The head of Norway's foreign intelligence service believes Russia has actually ended up being more likely to try to sabotage its facilities, such as oil and gas, than a year ago as Moscow becomes bolder in countering Western assistance for Ukraine. The threat level has changed, Vice Admiral Nils Andreas Stensoenes, head of the Norwegian Intelligence Service (NIS),. told Reuters. We believe sabotage is more likely, and we see acts of. sabotage occurring in Europe now which show that they (the. Russians) have moved a bit on that scale. Russia turns down such accusations as Western scaremongering. Its embassy in...

Oil and gas group MOL's. offers to carry Russian crude through Belarus and. Ukraine via the Druzhba pipeline abide by all European Union. and Ukrainian rules, MOL Executive Chairman Zsolt Hernadi stated. on website index.hu on Wednesday. Kyiv in June put Russian oil company Lukoil on a sanctions. list, stopping the circulation of its oil to MOL refineries in Hungary. and Slovakia, whose governments said this was a risk to. security of supply. Lukoil is set to resume oil materials in October to Slovakia. and Hungary through the Druzhba pipeline after MOL said on Monday it. secured new offers with...

Energy pipeline operator Enbridge has pulled employees from a number of offshore U.S. Gulf of Mexico platforms, the business told consumers, as Hurricane Francine advanced towards a landfall in Louisiana. Francine has shut in oil and gas production at overseas platforms operated by Chevron, Exxon Mobil and Shell. The very first official measure of the storm's effect on U.S. energy production will be launched later on Tuesday by U.S. regulator the Bureau of Security and Environmental Enforcement. Enbridge, which handles an extensive network of overseas pipelines funneling oil and gas to onshore plants, evacuated staff from 3 offshore platforms. Operations...