Reuters
Latvia’s airBaltic has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York, alongside selected subsidiaries, as part of a financial restructuring intended to reduce its debt. The airline says operations will continue normally during the proceedings.
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Latvia’s airBaltic has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York, alongside selected subsidiaries, as part of a financial restructuring intended to reduce its debt. The airline says operations will continue normally during the proceedings.
Avio reported a 17.5% revenue increase and a 7.3% rise in adjusted EBITDA for the six months ended June 30. Two-thirds of its newly added backlog came from solid rocket motors for defense applications, while the company said additional funding is needed to increase Ariane 6 and Vega launch cadence.
Czech competition authorities have provisionally approved Pegasus Airlines’ acquisition of Smartwings, subject to surrendering summer slots on the Prague–Antalya route. Turkey had already authorized the €154 million transaction announced in December, bringing the deal closer to completion while addressing overlap concerns in the market.
Eutelsat has signed agreements to replenish and expand its OneWeb low-Earth-orbit network while supporting the LEO segment of Europe’s forthcoming sovereign IRIS² multi-orbit constellation. The commitments connect commercial broadband service continuity with Europe’s emerging secure-connectivity infrastructure.
Twenty-six Russian airports, stretching from Kaliningrad to Petropavlovsk-Kamchatsky, have introduced restrictions on aircraft refueling. The measures are set to remain in place for one to seven months, signaling a broad and sustained disruption to aviation fuel availability across the country.
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Vilnius Airport suspended operations and Lithuania issued a national air alert after radar signatures and unidentified objects were initially assessed as a possible drone. At least one NATO fighter was scrambled before authorities determined the objects were a flock of birds.
TAROM has appointed a new interim general director, placing the Romanian airline under temporary leadership as it manages its next phase of corporate and operational planning.
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Europe’s space sector is entering a period of visible momentum: Isar Aerospace reached orbit on its second Spectrum flight, the UK published a new space strategy, and PLD Space unveiled a larger reusable launcher. Together, the developments signal growing commercial and national ambition across Europe’s launch market.
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