Finance and economy
3,155 news found
AirlinesDenied boarding: EU Court defends air passengers
Airlines not exempt from paying compensation to passengers informed in time
The Court of Justice of the European Union has ruled in favor of a German passenger who had turned to a national court to ask for 250 euros in compensation from the air carrier Latam Airlines, which had... more
Civil aviationAirplanes and helicopters. Boeing reports third quarter results
Company still expects to deliver 70-80 B-787 and now 375-400 B-737 airplanes
The Boeing Company recorded third quarter revenue of $18.1 billion, GAAP loss per share of ($2.70) and core loss per share (non-GAAP) of ($3.26). Third quarter results were impacted by unfavorable defense... more
AirlinesPoland finds partner for new airport
Franco-Australian consortium puts 1.79 billion euros on the table
Poland has selected a Franco-Australian consortium (Vinci Airports and Ifm Global Infrastructure Fund) as an investment partner in the construction project of a large and modern airport. This is Solidarnosc... more
AirportsFrance: intermediate airports in danger
The Court of Auditors has questioned the usefulness and effectiveness of State subsidies
Intermediate airports in France feel threatened. After the Cour des Comptes questioned the usefulness and effectiveness of state subsidies last June, the auditors put the performance of each individual... more
AirportsRome-Fiumicino Airport: who is the new handler
Operator Airport Handling is a subsidiary of Dnata (Emirates Group)
The awarding of the airport handling service at the "Leonardo da Vinci" airport of Rome-Fiumicino is at the center of international interests. While the operator Swissport announces a complaint against... more
Civil aviationIndia will purchase another 156 military helicopters
"Prachand" light combat aircraft for China-Pakistan border deployment
The Indian Air Force is planning an order for 156 more light combat helicopters "Prachand", made by local manufacturer Hindustan Aeronautics Limited. This is an initiative that has a dual objective: to... more
AirlinesWhich airlines carried the most passengers
Around 3 billion customers have bought a ticket to fly in 2022
The 2023 "Big Book of Travel Data" study commissioned by the insurance group Allianz Partners and carried out by IdeaWorksCompany has lined up companies from all over the world based on passenger traffic... more
DefenseTrilateral aircraft exercise in Asia
First joint training between Japan, South Korea and the USA
The defense ministries of South Korea and Japan have announced that the first joint exercise involving the Tokyo, Washington and Seoul air forces has successfully concluded. The joint training took place... more
Civil aviationUSA: airline industry has production problems
Investors fear about possible losses and achieving goals
The US airline industry continues to experience a number of snags in its component supply chain, limiting factories' production capacity. Investors are therefore wondering whether the main players in the... more
DefenseUK: aircraft carrier tests new armaments
These are Training Variant Torpedos launched from a helicopter
The British Royal Navy aircraft carrier "Hms Queen Elizabeth" recently carried out new tests with torpedo launches and tests on new armaments. This occurred during some naval and air exercises of the Carrier... more
DefenseIndia modernizes military fleets
Army will receive first new generation aircraft in 2024-2025
India is pursuing the modernization of its military aircraft fleet. The program envisages the decommissioning starting from 2027 of the "Cheetah" rotary wing aircraft developed by the national company... more
DefenseRed Sea: American ship shoots down missiles
Washington puts forward various hypotheses: directed against Israel and against the "USS Carney"
The US military shot down three missiles launched from Yemen and headed north. Washington assumes that they were directed against Israel, but at the moment there is no confirmation and it is only a hypothesis.... more
AirlinesCroatia Airlines purchases new planes
Deliveries of the first ones in June 2024 and then will end in 2027
The management of the national carrier Croatia Airlines has announced that it will buy 15 new aircraft: 12 A-220/300 airplanes with 149 seats and three A-220/100 aircraft with 127 seats. The company is... more
Civil aviationItalian strike today: the situation in the airports
Up to 20% of flights cancelled at the two Milanese airports
The 24-hour general strike at national level in the public and private sectors starts today, Friday 20 October. The air transport sector is also involved. Possible interruptions to local public transport,... more
AirlinesPortugal: towards privatization of TAP carrier
The Government plans to sell at least 51%, but will evaluate proposals
The privatization of the national carrier Transportes Aéreos Portugueses (Tap) comes to life. The Government plans to sell at least 51% of the airline's capital, but in recent hours it has made it known... more
AirlinesAeroitalia. The logo "is different in every way" (2)
The Company response to ITA's complaint asking it to renounce the trademark
The Aeroitalia company responded to the complaint made today by the national carrier ITA Airways, which asked the Italian airline to renounce its brand, as it "obviously" recalls the one present on old... more
Airlines"Aeroitalia gives up its brand"
The request to the Patent Office by the company ITA Airways
The Italian ITA Airways has requested that the company Aeroitalia give up its trademark. A move that would aim to protect the intellectual property of the national flag airline. It emerges from a letter... more
AirlinesAustralia: stop to the Qantas-Alliance Aviation deal
Decision following a negative opinion from the Sydney Competition Commission
The management of Australia's national airline, Qantas Airways, will abandon its acquisition of national charter operator Alliance Aviation Services. The value of the deal was 387 million dollars. The... more
AirlinesFrance: Ryanair attack Government
Irish company is targeting the minimum prices it would like to introduce in Paris
The low-cost airline Ryanair returns to attack ticket prices regulation by European governments. After having threatened retaliation on the Italian market (the cancellation of 10% of flights scheduled... more
AirlinesFrance: bomb alerts at eight airports
The alarm has been lifted at the Nice-Côte d'Azur airport
Bomb scares multiply throughout France. Today the airports of Lille-Lesquin, the "Saint-Exupéry" of Lyon, that of Toulouse-Blagnac, Biarritz--Basque Country, Pau-Pyrenees, the "Saint-Jacques" of Rennes-Bretagne,... more
AirlinesBrussels: aid to the former airline Alitalia was regular
EU judges reject two appeals presented by Ryanair
The European Union court has ruled that the economic subsidies granted by Italy during the Covid-19 pandemic to the former national airline Alitalia, now in extraordinary administration, constitute aid... more
AirlinesFiumicino Airport: handling services awarded
Cub announces mobilization to ask for renewal of the national labor contract which has expired seven years ago
Turnaround after the closing of the tender for the assignment of the airport handling service at the Italian "Leonardo da Vinci" airport of Rome-Fiumicino. The international operator Swissport is out:... more
Civil aviationElectric planes and helicopters: the future is hybrid
Just look at what is happening in Philadelphia's industrial district
The most recent developments in the civil aviation sector clearly show a growing interest in drones, small precision electronics and the use of alternative energy such as batteries, hydrogen and solar.... more
Finance and economyPutin in China (2) and Beijing's pawns
Moscow's increasingly close economic and diplomatic dependence on the Dragon
Over 40 meetings in the last 10 years. Numbers that make it clear how deep the relationship between Russian President Vladimir Putin and his Chinese counterpart Xi Jinping is today. The plane with the... more
DefenseMalaysia purchases Turkish helicopters
At least 12 aircraft to be allocated to the military air force
The Malaysian government will soon finalize the acquisition of 12 Turkish-made military helicopters. These aircraft will be destined for the Royal Malaysia Air Force (RMAF), that is the Air Force. This... more
AirlinesGeneral strike on Friday 20 October in Italy
Public, air, rail, motorway and maritime transport are affected
A 24-hour general strike at Italian level in the public and private sectors proclaimed for Friday 20 October. The mobilization is called by the unions Confederazione Unitaria di Base (CUB), Unione Sindacale... more
AirlinesAthens Airport on the stock market in 2024
A 30% stake will be privatized for a value of up to one billion euros
By the end of 2023, Greece is expected to start the sale of a major stake in the management company of the "Eleftherios Venizelos" international airport in Athens. This is an operation that is part of... more
DefenseSpain puchases military helicopters
MH-60R will be destined for the Iberian Navy
The Government of Spain has signed an agreement with the American company Sikorsky (Lockheed Martin Group) for the purchase of eight MH-60R "Seahawk" amphibious military helicopters. The combat aircraft,... more
DefenseIsrael determined to enter Gaza
Egypt opens its borders to send humanitarian aid and welcome Palestinian refugees
Israel's armed forces will attack Gaza following the exodus of Palestinians from the northern part of the Strip to the south. Meanwhile, the Egyptian government opened the Rafah passage on the border between... more
DefenseNigeria: joint military exercise begins
18 African countries and French and Brazilian naval ships were present
A series of joint military exercises between France and Nigeria has begun in recent days and will continue until October 15th. For this purpose, Paris has sent naval assault ships and amphibious vehicles... more
AirlinesIndia: thousands of jobs at the airport
Manager announcement after opening of new Terminal 2
After the opening last September 12th of the new Terminal 2 of the "Kempegowda" international airport in Bangalore, India, a modern building equipped with new technologies, the airport company announced... more
AirlinesEasyJet will purchase 157 planes
The announcement at the close of the financial year
British low-cost airline EasyJet today announced an agreement to purchase 157 new aircraft produced by the European Airbus Group. The proposal contains an option to acquire an additional 100 aircraft,... more
AirlinesIsrael: repatriation to Oslo failed
Norwegian Air's insurance does not cover flights to and from Tel Aviv
The low-cost carrier Norwegian Air today cancelled a flight organized specifically for the planned evacuation of Norwegian citizens. The reason? The airline's insurance company no longer covers routes... more
AirlinesSpain: hacker attack on airline
Air Europa has suffered a payment system breach
The Spanish airline Air Europa has suffered a cyber attack on its on-line payment system in recent hours. The company said the breach allowed hackers to reveal the credit card details of some of its customers.... more
AirlinesIsrael (4): flights suspended until December
The announcement from American Airlines
American Airlines announced in the last few hours that it had temporarily suspended all air connections between the US airports and the "David Ben Gurion" international airport in Tel Aviv. It's a move... more
Civil aviationIsrael (3): civilian planes to bring soldiers back to Tel Aviv
Airlines such as El Al, Israir and Arkia have organized additional flights
In recent days, Israel mobilized around 300,000 reservists with the aim of regaining "full control" of the border with the Gaza Strip and "restoring the level of security". For this reason, the Israel... more
DefenseIsrael: AH-64 Apache helicopters in action
Aircraft deployed to fight Hamas militants
Tension continues in the Middle East. After the hail of missiles launched by the Palestinians against Israel, Tel Aviv's harsh response does not stop. In the early hours, the government led by Prime Minister... more
AirportsLondon: fire at Luton airport
The flames have devoured a car park - VIDEO
Operations suspended at London-Luton Airport until 4pm Italian time. All flights to and from the British airport are cancelled until this afternoon, according to what was communicated by the management... more
AirlinesVirgin Australia Airlines sees again profit
For the first time in 11 years the carrier reports a profitable balance sheet
Virgin Australia Airlines today communicated the official economic data recorded by the company for the fiscal year 2023 (from 30 June 2022 to 30 June this year): revenues amounted to 3.21 billion dollars,... more
AirlinesAircraft and transport: sector at pre-covid levels
In four years operating costs have grown dramatically
The number of air passengers transported around the world has returned to the same record level recorded in the period before the pandemic. However, in these four years operating costs have grown dramatically... more
Civil aviationEIB loan of EUR 160 million to Italian ENAV
For the modernization and digitalization of the infrastructures
Investments aimed at the evolution of air traffic management systems more
DefenseUSA: possible aid to Kiev and Israel
Kirby: "We are a strong country to support both Ukraine and Tel Aviv"
The US administration led by President Joe Biden is considering including funding for Ukraine in the urgent request for aid to be sent to Israel, following the escalation of violence with the Palestinians.... more
Civil aviationJapan invests in hydrogen planes
Government allocates 194 million euros to develop batteries, technology and engines
Japan will invest in the technological development of aircraft powered by electricity generated from hydrogen. Regarding this, the Ministry of Economy, Trade, and Industry, led by Yasutoshi Nishimura,... more
AirlinesITA-Lufthansa: an uphill privatization
The issues that could hinder the free competition commission
Uncertainty about the timing and possible obstacles in Brussels. The path that should bring 41% of the national carrier ITA Airways into the hands of the Lufthansa aviation group is becoming steeper. After... more
AirportsLiège Airport: intelligence investigates
"Possible espionage activities" by the Chinese Alibaba are under observation
The State Security Service of Belgium, that is the National intelligence, has opened an investigation into the activities carried out at the Liège-Bierset airport by the Chinese group Alibaba, which has... more
AirlinesBrussels calls for uniformity on airline baggage
Parliament wants to put order on tariffs and sizes of airlines
The European Parliament recently approved a resolution asking air carriers to define uniform standards regarding the dimensions of hand luggage and the costs of boarding them. The decision, which was adopted... more
DefenseGranada Summit: on talk about aid in Kyiv
Ukrainian President Zelensky will ask for military support, after Washington's stop
Convened by Charles Michel the informal European Council which will be held tomorrow, Friday 6 October, in Granada, Spain. Among the dossiers on the table are the enlargement of the European Union, the... more
AirlinesMoscow is betting on planes made in Russia
"Rosaviatsia" communicates: 50% of fleets produced internally by 2030
Moscow's Ministry of Transport has announced that the share of planes produced by domestic companies and present in the fleets of Russian companies could reach at least 50% by 2030. This is what emerges... more
Airlines"Travel Experience" in Rimini will start soon
Many airlines at the tourism promotion fair (11-13 October)
The "Travel Experience" fair is starting soon. The Italian tourism promotion event, now in its 60th edition, will be held in Rimini from 11 to 13 October. This year's theme is "The year of Utopia. Live.... more
AirlinesAmsterdam Airport: 3.1 billions for works
Maintenance, expansion and modernization of the airport by 2027
The Amsterdam-Schiphol airport management company plans investments of over 3 billion dollars for the 2024-2027 development program, which includes maintenance and modernization works at the airport. Infrastructure... more