Finance and economy
3,216 news found
AirlinesITA-Lufthansa: what Brussels values
Arrigo: "Who guarantees that the EU antitrust is independent and guarantees not large competitors?"
By 6 June 2024, the European Competition Commission, led by Margrethe Vestager, will take a decision on the agreement signed between the German aviation group Lufthansa and the Italian Ministry of Economy... more
AerospaceAirplanes and helicopters. Airbus reports FY2023 results
735 commercial aircraft delivered
Airbus reported consolidated Full-Year (FY) 2023 financial results and provided guidance for 2024.Gross commercial aircraft orders totalled 2,319 (2022: 1,078 airplanes) with net orders of 2,094 aircraft... more
AirlinesAirports raise alert on Dengue fever
In January 2024 global infections exceeded 600,000 cases
The World Health Organization (WHO) recently invited travelers to check themselves if they show particular symptoms. This is due to Dengue infections which are growing rapidly globally, particularly in... more
DefenseNew Zealand cuts funding for aircraft
Kaman SH-2 "Seasprite" military helicopters at risk of grounding
Warning from the leaders of the armed forces against the New Zealand government's decision to cut spending in the defense sector. The risk is that cost savings could ground maritime military helicopters... more
AirlinesUAE urge SAF
Accelerate Sustainable Aviation Fuel production
The UAE government is pushing for the production of Sustainable Aviation Fuel (SAF) among Gulf countries. The goal is twofold: to produce fuel to gain market share in a sector dominated by Western industry,... more
AirlinesAircraft and transport. Ethanol industry against Brussels
Legal action vs rules introduced in the aviation sector
Some European ethanol producers are taking legal action against rules introduced to the aviation sector by the European Union's ReFuelEU Aviation plan. The accusation is that of improperly excluding biofuels,... more
AirlinesBrussels approves Korean Air-Asiana airline merger
Airport slots sold for flights to Barcelona, Paris, Rome and Frankfurt
The European Competition Commission, led by Margrethe Vestager, has approved the merger between the South Korean carrier Korean Air and the Asiana Airlines. This is the 13th approval by a guarantor authority... more
AirlinesFAA slows Boeing aircraft production
Deliveries -29% after incident on board Max 9 aircraft
The American aviation group Boeing recorded deliveries falling by -29% after the plane crash that occurred on January 5th on flight AS1282, when a plug door burst in flight on a B-737 Max 9 aircraft (registration... more
AirportsDengue alarm: checks in ports and airports
Prevent epidemic with advent of hot season
There is a Dengue alarm in Italy. Security checks on board planes and ships carrying passengers and goods could soon begin in ports and airports. If necessary, disinfestations will also be carried out... more
Civil defenseUSA: 21 million dollars for fire-fighting helicopters
San Diego (California) invests in rotorcraft and infrastructure
The US city of San Diego has approved an investment of 21 million dollars to strengthen the fire service. The funds allocated will be used for the purchase of a new Subaru-Bell 412 EPX helicopter and for... more
AirlinesBrazil: tug of war between airlines
Gol accuses Latam of trying to take possession of its aircraft
Judge Martin Glenn of the bankruptcy court in Manhattan, in the United States, has authorized the launch of an investigation into the alleged attempt by the Latin American carrier Latam Airlines to take... more
AirlinesCroatia Airlines towards full recovery
Fleet modernization starting in Summer 2024 with rental of 15 aircraft
The flag carrier Croatia Airlines is expected to record full recovery in 2024 compared to the period before the pandemic. The Croatian government announced this, excluding the possibility that in the near... more
AirlinesFlight attendants in revolt in Anglo-Saxon countries
Protests organized in front of 30 airports in the US and UK
The Association of Flight Attendants (AFA) union, together with other acronyms, has called for a mobilization which today involves thousands of flight attendants. Protests were organized in front of 30... more
Finance and economyPoland: investigation into military helicopters
Request for Polish Parliament after penalty paid to Airbus
The Polish Court of Auditors could soon open an investigation into the purchase contract, signed in 2015 between the Warsaw Government and the European manufacturer Airbus Helicopters, for 50 H-225M "Caracal"... more
AirlinesTurkish Airlines bets on Italy
Announced increase in flight frequencies to and from four airports on the Peninsula
The management of the flag carrier Turkish Airlines is betting on Italy. The company has in fact announced a significant increase in flight frequencies to and from four airports: the "Karol Wojtyla" of... more
DefenseRed Sea: Italy leads "Atalanta" mission
Crosetto (Defence minister): "At least three ships, intelligence and logistical support. We evaluate air assets offer"
Italy assumed command of the European military mission "Atalanta". The aim is to guarantee the security of the trade routes on the Red Sea, for which Rome has planned the continuous deployment of at least... more
AirlinesITA Airways: two workers reinstated
Rome Court of Appeal confirms discrimination for a pregnant woman and a mom
The Court of Appeal of Rome has confirmed the reinstatement of two ex-Alitalia workers in the national carrier ITA Airways. Along the same lines as what was stated by the judges at first instance, the... more
AirlinesSuzuki-Maruti bet on eVtol
It is expected to start joint production by 2024
The Indian car company Maruti continues the development of eVtol (Electric Vertical Take-Off and Landing) in collaboration with the Japanese company Suzuki. According to the latest rumors, these aircraft,... more
AirlinesCarrier seeks damages from Boeing
Copa Airlines has cancelled 1700 flights operated by 737 Max 9
The management of the Latin American Copa Airlines has requested compensation for damages from the Boeing Group due to the over 1700 cancelled flights in total (around 20%) due to the operational block... more
DefenseDefense: Swedish Saab makes profits
Sales growth of up to +16% expected in 2024
The Swedish Saab Group, specialized in the automotive and defense sectors, has communicated its financial data for the fourth quarter of 2023. The data shows an increase in operating profit to 135.6 million... more
AirlinesNo seat on plane, risk of missing kidney transplant
Alessandro Cocuzza: "It's absurd that companies don't reserve one or two seats for such situations"
An Italian 64-year-old retired professor, Alessandro Cocuzza, who lives in the province of Messina (Sicily), was supposed to leave for Bologna for a double kidney transplant at the "Sant'Orsola" hospital.... more
AirlinesThai Airways orders 45 new planes
Indiscretion will be confirmed by the end of this month
Thailand's national carrier Thai Airways has reportedly placed an order for 45 B-787 aircraft. The order would also contain an option that provides for the potential purchase of another 25 aircraft of... more
AirlinesITA Airways: MSC hypothesis
Plan B while waiting for the European Competition Commission to decide
The President of the Italian Council of Ministers Giorgia Meloni would have met in recent days in Rome Gianluigi Aponte, the founder of the Mediterranean Shipping Company (MSC) Group, specialized in the... more
AirlinesBrussels against State aid to the air carrier KLM
EU Court reiterates that the government's 3.4 billion euros were not justified
The European Union court has accepted the appeal presented by the low-cost airline Ryanair against the 3.4 billion euros given by the Dutch government to the Dutch airline KLM. Amsterdam wanted to save... more
AirlinesAthens Airport sparks on the stock market
On the first day of stock trading +13%
Stock market debut with sparks for the "Eleftherios Venizelos" international airport in Athens. On the first day of financial trading, the value of the airport management company's stock recorded a +13%,... more
AirlinesAirport strike on February 9th in Italy
A 24 hour mobilization involves handling service company staff
A 24-hour national strike in the airport transportation industry has been called for Friday, February 9, 2024. Postponed and canceled flights expected, with inconvenience and long waits at the boarding... more
AirlinesUSA: almost all 737 Max 9 planes checked
FAA reports: 94 of Boeing aircraft have been inspected
The US Federal Aviation Administration (FAA) announced in the last few hours that the two main American airlines operating B-737 Max 9 aircraft have inspected almost 94% of these planes in their fleets.... more
AirlinesITA Airways will no longer fly to Heathrow
The last take-off from the main London airport is scheduled for March 30th
The Italian carrier ITA Airways will no longer operate flights to and from London-Heathrow airport. The last flight is scheduled for Saturday 30 March 2024, when an A-320neo (flight AZ-207) will take off... more
DefenseRed Sea: Rome responds to Houti threats
Craxi (Defense commission): "We will defend national interests, even with weapons if necessary"
Italy Government responds to the warning of one of the prominent leaders of the Houthis, Yemen's pro-Iranian rebel militias, Mohamed Ali al-Houti, according to whom "Italy will become a target if it participates... more
AirlinesItaly starts investigation into Ryanair Holdings
Possible abuse of dominant position against travel agencies
The Italian investigation started to ascertain a possible abuse of a dominant position has been extended to the company Ryanair Holdings "consisting in precluding purchases by travel agencies, both physical... more
Defense"World Defense Show 2024" kicks off
Running in the Saudi capital Riyadh until February 8th
The "World Defense Show 2024" is underway, which will be held in Riyadh, the capital of Saudi Arabia, from 4 to 8 February. This is the second edition of the international exhibition, in which the latest... more
AirportsRed Sea: Iran-United States tension
Tehran urges Washington not to attack two of its ships off the coast of Yemen
Iran has called on the United States not to attack its merchant ships in the Red Sea. These are the "Behshad" and "Saviz" maritime units which Washington suspects are operational bases for Tehran's military... more
AirlinesAir strike ends in Germany
Pilot representatives ask for more protections for Discover Airlines (Lufthansa) workers
The air strike proclaimed in Germany over the week-end will end this afternoon, Monday 5 February. The 48-hour mobilization was called on Saturday 3rd by the Vereinigung Cockpit (VC) pilots' union. The... more
DefenseSpain receives first NH-90 Mspt helicopter
It will enter service with six others in the Armada Española fleet by 2026
The first NH Industries NH-90 amphibious military helicopter in MSPT (Maritime Spanish Tactical Transport) version has arrived in Spain in recent days for flight tests. In total, Madrid has commissioned... more
AirlinesBinter purchases 11 aircraft
Company expansion plan that also wants to operate from Madrid
The Spanish regional air carrier Binter, which operates connections to, from and between the Canary Islands, has announced the allocation of 800 million euros for the purchase of 11 latest generation aircraft.... more
AirlinesAnother air strike in Germany
Hamburg airport ground assistance staff protest
Another bad day for transport in Germany. A Strike is ongoing from 3:00 tonight until 11:59 pm today, Friday 2 February 2024, at Hamburg-Fuhlsbüttel airport. The ground assistance staff working in the... more
AirlinesUSA: 600 American Airlines workers at risk
Carrier wants to fire them to provide more 'efficient' customer service
The US carrier American Airlines recently announced the dismissal of 656 employees. It's a move that is part of initiatives with which the company seeks to reorganize and improve its customer support team.... more
AirlinesFAA inspectors at Boeing factories
Meanwhile, investigations continue into the explosion of the door on board an aircraft
The US Federal Aviation Administration (FAA) has made public part of the contents of the hearing of the US Boeing Group regarding the safety of the production procedures of the 737 MAX aircraft. During... more
DefenseTürkiye also wants Eurofighter military planes
European aircraft under consideration, as well as US F-16s
Turkey would still be interested in purchasing 40 European-made Eurofighter Typhoon military aircraft. In detail, it would have already discussed the details with Germany, a member of the consortium that... more
Defense"Aspides": European mission in the Red Sea begins
Italy employs soldiers and at least one ship for 12 months
Italian Defense Minister Guido Crosetto was heard this morning, Thursday 1st February, at the joint Defense commissions of the Italian Chamber of Deputies and the Senate. At the center of the face-to-face... more
AirlinesGerman strike: 200,000 passengers on the ground
The estimate of the German airport federation; today 1100 flights cancelled
At least 1100 flight connections will be cancelled at 11 German airports. This is due to a strike called for today, February 1, 2024, which is being joined by security staff working in numerous airports.... more
AirlinesRussia: agreement on aircraft leasing
Moscow will shell out more than 2.5 billion dollars to buy more than 100 airplanes
The Russia government has entered into agreements with foreign aircraft leasing companies to take possession of planes leased by Russian air carriers. In detail, the Moscow state insurance company NSK... more
AirlinesGreen light for Korean Air-Asiana merger
Japanese antitrust authority approves 1.2 billion euro deal
Japan Fair Trade Commission (JFTC) has approved the merger between South Korean airlines Korean Air and Asiana Airlines. This is the 12th approval by a competition authority out of the 14 needed to make... more
DefenseCybersecurity: Italian undersecretary Mantovano audited
Minardo (Defense commission): "It is necessary to strengthen awareness and cooperation between cyber defense actors"
Undersecretary of State at the Italian Presidency of the Council of Ministers, Alfredo Mantovano, who holds the delegation for cybersecurity and anti-drug policies, heard today in the Italian Chamber of... more
AirlinesAir strike in Germany
Airport security personnel will stop on Thursday 1st February 2024
Black Thursday for the air transport sector in Germany. In fact, a strike has been called for tomorrow, February 1, 2024, which will be joined by German airport security staff. Serious service disruptions... more
AirlinesTurkish Airlines leases 10 planes
New B-737/800 aircraft in the fleet by 2025
The Emirati company Dubai Aerospace Enterprise (Dae), specialized in aviation services and aircraft leasing, announced in the last few hours that it has signed an agreement with the National flag carrier... more
AirlinesBoeing withdraws exemption request for B-737 MAX 7 aircraft
"We will incorporate new engineering solution completed during certification process"
The US Boeing Group, specialized in the aerospace and defense sectors, has confirmed in recent hours that it will withdraw the application submitted in 2022 to the US Federal Aviation Administration (FAA)... more
DefenseCroatia: US approves sale of military helicopters
Eight "Black Hawks" could soon arrive in Zagreb
The United States has approved the potential sale to Croatia of eight UH-60M "Black Hawk" military helicopters produced by the American company Sikorsky (Lockheed Martin Group). The sale includes the supply... more
AirlinesMalaysia Airlines: 12 new aircraft arriving
The first A-330neo is expected to be delivered in the 3Q of this year
The Asian Malaysia Airlines will see the entry into its fleet of 12 new aircraft in 2024, including the first A-330neo, which is expected to be delivered in the third quarter of this year. A total of four... more
AirlinesUSA: airlines ask Boeing for answers
Severe blow to profits resulting from stoppage of B-737 Max 9 deliveries
Management at several US airlines has expressed frustration over problems with the quality of Boeing's safety assessments of the aircraft it produces. This had a negative impact on airline costs, due to... more