Finance and economy
3,201 news found
DefenseUkrainian war: US suspends aid to Kiev
About 16 billion dollars will be provided to pay salaries to federal employees
Ukraine will not receive an additional 6.2 billion dollars in military aid from Washington. It is what emerged in the last few hours after a heated political discussion in the United States Congress regarding... more
AirlinesHeathrow Airport: who owns precious slots?
At the top of the list are the UK and European flag carriers
London-Heathrow Airport in the UK is one of the busiest in the world with around 61.6 million passengers per year. In 2022 it even ranked eighth in the ranking of the most popular ones globally, behind... more
Civil aviationUSA: agreement pilots-United Airlines
Workers will get a salary increase of up to +40% in four years
Pilots at US carrier United Airlines will get a pay increase of up to +40% over four years, including benefits and other improvements in working conditions. It is the positive outcome of the negotiations... more
AirlinesITA-Lufthansa: a rule that locks in the agreement
Text of the Council of Ministers which reiterates Brussels' thesis on the discontinuity with Alitalia
The Italian Government has reiterated what has been expressed several times by the European Commission: there is no continuity between the air carrier ITA Airways and the former company Alitalia in extraordinary... more
AirlinesAircraft. Italian strike: reduced to four hours today
Protests of the handling sector, airline related industries and easyJet flight attendants
The Italian strike in the air transport sector scheduled for today 29 September has been reduced to four hours. The workers in the airport services sector will be the ones to fold their arms for ground... more
Civil aviationGreece purchases 4 firefighting helicopters
Green light from the Ministry of Finance to spend 100 million euros
Greece invests resources to strengthen the national public firefighting service fleet. The Hellenic Ministry of Finance, led by Kostis Hatzidakis, yesterday approved the purchase of four heavy transport... more
DefenseAustralia: NH-90 helicopters definitively grounded
Advance by one year due to recent fatal accident
The Government of Australia has announced that the Australian Defense Force's entire fleet of NHIndustries MRH-90 "Taipan" multi-role military helicopters have been taken out of service. The reason for... more
AirlinesSingapore airport: Terminal 2 reopens
Complete reactivation expected by the end of October with new shops and restaurants
The north wing of Terminal 2 of Singapore Changi International Airport reopens today with the first take-offs and arrivals scheduled. The works, lasted three and a half years, involve the renovation, modernization... more
DefensePrague will buy 24 F-35 military aircraft
This is the largest defense contract ever signed by the Czech Republic
The government of the Czech Republic has approved the plan to purchase 24 US-made Lockheed Martin F-35 fighter aircraft. The value of the deal is approximately 6.5 billion dollars. It is the largest defense... more
AirlinesOverbooking: solution or problem?
Passengers dispute it, but it helps airlines keep prices low
There is a commercial policy widely used by air carriers to increase the filling rate of aircraft and to avoid last-minute cancellations. This is overbooking, an aggressive but legal practice that has... more
AirlinesTurkish Airlines will ground 12 planes
About 700 engine problems for various companies around the world
The Turkish Airlines has announced that it will be forced to ground up 12 A-320 aircraft in its fleet due to problems on the PW-1100G engines, built by the American company Pratt & Whitney. The aircraft... more
AirlinesITA-Lufthansa: airport slots slow the pact
Germans are reportedly taking time to negotiate with Brussels to reduce flight windows
The Italian Government has intervened in recent days to save the agreement between the national carrier ITA Airways and the Lufthansa aviation Group. Brussels will have to express its opinion on the pact... more
DefenseNigeria buys 12 more attack helicopters
They will be destined for the nascent aviation department of the National Army
The Government of Nigeria has approved the acquisition of 12 MD-530F "Cayuse Warrior" attack helicopters, developed by the US company MD Helicopters. These rotary-wing vehicles will be destined for the... more
DefenseRomania will purchase 32 military aircraft
A 6.5 billion dollars deal for the sale of US F-35 fighters
Romania's defense ministry said it is planning to purchase 32 US-made Lockheed Martin F-35 military fighter planes. This is a sale that follows the agreement between the North Atlantic Treaty Organization... more
AirlinesITA-Lufthansa: Italian Government wants to save agreement
Intervention after rehiring ex-Alitalia workers decided by some judges
The Italian Government reiterated what has been expressed several times by the European Commission: there is no continuity between the air carrier ITA Airways and the former company Alitalia in extraordinary... more
AirportsGatwick Airport limits number of flights
Temporary measure due to shortage of air traffic control personnel
London-Gatwick Airport in the United Kingdom has temporarily limited the number of scheduled flights this week. This is a temporary measure due to the shortage of air traffic control personnel. The aim... more
AirlinesBristol Airport invests in transport and parking
Funds for 70 million euros; the works should last 18 months
Bristol Airport in the UK is investing more than 69 million euros to create a new multi-storey car park and intermodal public transport hub. It's an initiative that is part of the plan to expand the operational... more
AirlinesExpensive flights: on talk about it in Brussels
Urso (Italian Mimit): "I have a specific mandate: to protect the weakest, citizens, consumers and businesses"
The Competitiveness Council, which brings together the competent ministers of all the Member States in the fields of the Internal market, Consumer protection and information, Industry, Space, Technical... more
DefenseNorway: agreement on F-35 aircraft
The production of components for military planes entrusted to a European company
The US defense and security group Lockheed Martin signed an agreement today with the Norwegian military equipment manufacturer Kongsberg Gruppen. The contract concerns the supply of components for the... more
Finance and economyGcap aircraft: London will invest 2 billions
Program headquarters in the UK, coordination in Japan
The United Kingdom has committed to spending 2 billion pounds on the development of the Global Combat Air Program (Gcap) military aircraft, the project for the creation of a new generation supersonic fighter... more
Finance and economyArgentina could regenerate old helicopters
Out of service CH-46 military aircraft could return to service
Argentina is considering the purchase of remanufactured Boeing Vertol CH-46 "Sea Knight" military transport helicopters. These are aircraft, retired from service, which were part of the fleet of the United... more
AirportsAmsterdam Airport: hotel with solar power plant opens
New structure inaugurated that focuses entirely on sustainability
An innovative hotel equipped with its own solar power plant opened recently near Amsterdam-Schiphol airport. It is called "The Florian Hotel" and is located inside a structure that in the past housed the... more
DefenseThe Gcap plane headquarters will be in London
The indiscretion in the press filters from Japanese sources
The headquarters of the Global Combat Air Program (Gcap), the development project of the sixth generation combat aircraft carried out jointly by Japan, Great Britain and Italy, will probably be in London.... more
AirportsUK: Sheffield airport about to reopen
New manager expected in 2024, after rescue plan approved by the municipality
The British "Robin Hood" airport in Doncaster-Sheffield could soon return to operation. In fact, negotiations will begin next week to find an investor who believes in the airport. Closed for a year, estimates... more
AirlinesITA-Lufthansa: pressure on Rome
Wedding between airlines not at risk, but ex-Alitalia workers' lawsuits raise costs
Some verdicts of the Labor Court of Rome, which ordered the reinstatement of approximately 250 workers of the former Alitalia company in the new air carrier ITA Arways, had an immediate effect. The negotiation... more
AirlinesUSA: Spirit Airlines expands routes
It will strengthen the Winter connections network from November
The management of the US low-cost Spirit Airlines has announced that it will expand its route network in the Winter 2023 season. Five new routes will be added in November, focusing in particular on the... more
AirportsSingapore Airport: travel without a passport
It will be replaced by biometric technology and extended to various security procedures
Passengers departing from Singapore-Changi International Airport will no longer need to present their passport. It will be one of the first countries in the world to introduce automated boarding authorization.... more
Finance and economyWhy Nigeria invests in helicopters?
Government is strengthening Navy and Air Force fleets
Nigeria is upgrading and modernizing its armed forces' fleet of military aircraft. Last August it announced that in September it would take delivery of 18 new attack helicopters: 12 US Bell AH-1Z Vipers... more
AirlinesUSA: fake engine components discovered
Manufacturer CFM International starts legal action against a supplier
US carriers United, Southwest and Virgin have identified the presence of faulty components inside some CFM International engines, supplied by the manufacturer AOG Technics. The airlines said they were... more
DefensePrague celebrates new military helicopters
Czech Republic remembered him on the occasion of "Nato Days 2023"
The government of the Czech Republic has celebrated the delivery of the first four new attack helicopters produced by the US manufacturer Bell Textron. These are three AH-1Z Viper aircraft and one UH-1Y... more
DefenseTaiwan-China tensions: air violations
Highest number of aircraft ever recorded in over two years of daily monitoring
Another incursion by Chinese military aircraft into Taiwan. Taipei's defense ministry said today it had detected 103 Beijing plane flying over the airspace around the island in the last 24 hours. This... more
AirlinesUSA: flight attendants threaten strike
Unions are calling for wage increases, after record earnings from airlines in the post-covid period
In the United States, the hostesses and stewards of the main American airlines could down tools due to a pay dispute in the coming weeks and at Christmas. The unions that protect the interests of flight... more
AirlinesITA-Lufthansa: wedding expected within the year
Spohr (CEO): "Nowadays everyone in Italy is a supporter of this operation. They are enthusiastic about us"
The CEO of the German aviation group Lufthansa, Carsten Spohr, said he was confident that the European Commission's approval for the privatization of the national carrier ITA Airways could arrive before... more
Civil aviationChina Helicopter Exposition (2): Beijing looks to EU
European rental company-manufacturer agreement signed during the show
The Chinese company Wanjiang Financial Leasing, specialized in the provision of financial services and rental of aircraft, ships and work vehicles, has signed a letter of intent to start a strategic cooperation... more
Defense"China Helicopter Exposition" kicks off (14-17 September)
The event inaugurated yesterday in Tianjin continues until Sunday - VIDEO
The sixth edition of the "China Helicopter Exposition" helicopter show is underway. The event opened yesterday, September 14th, in the city of Tianjin, in northern China, and continues until Sunday 17th.... more
Defense"DSEI 2023": trilateral on GCAP aircraft
Meeting between defense ministers of Italy, the UK and Japan
A trilateral meeting between Italy, the United Kingdom and Japan was held in London in the last few hours to take stock of the development program of the VI generation GCAP (Global Combat Air Program)... more
AirlinesFrance: air strike cancelled on Friday 15th
Union announces agreement with DGAC on salaries for traffic controllers in the skies
Air traffic controllers' strike averted in France. The workers' mobilization was initially scheduled for tomorrow, Friday 15 September. In recent hours, the Syndicat Majoritaire des Contrôleurs Aériens (... more
Finance and economyKim-Putin meeting in Russia
Russian ministers and members of the North Korean government committee were present at the talks
The bilateral meeting between President Vladimir Putin and North Korean leader Kim Jong-Un continues in Vostochny, a city located in the Far East of Russia. The face-to-face is underway at the cosmodrome.... more
AirlinesITA-Lufthansa in contact with Brussels
EU Commission: "Pre-notification communications underway to evaluate complex transaction"
The European Commission has made it known that it "remains in close contact with the parties" (pre-notification phase) involved in the privatization of the Italian national carrier, namely ITA Airways... more
Defense"Dsei 2023" exhibition kicks off (September 12-15)
The Defense and Security Equipment International in London
The "Dsei" (Defense and Security Equipment International) exhibition kicks off today, taking place in London from 12 to 15 September 2023. The event will host more than 1,500 companies and businesses operating... more
AirlinesITA-Lufthansa (2): Italian Government wants to speed up the procedure
Lollobrigida (Agriculture): "Every day of delay means not having stability in the strategic sector" such air transportation
The Italian Minister of Agriculture, Food Sovereignty and Forests, Francesco Lollobrigida, expressed the hope that with regard to the agreement between the air carriers ITA Airways and Lufthansa "the procedure... more
AirlinesITA-Lufthansa: Italy-Brussels tensions
Meloni Government presses European antitrust to get the green light for airline privatization
The Italian Prime Minister, Giorgia Meloni, points the finger at the European Commission regarding the ITA Airways-Lufthansa agreement, which provides for the privatization of the national carrier. The... more
AirlinesUSA: 100 years of Boston airport
Inaugurated on 8 September 1923, it is today one of the 50 busiest ones in the world
Boston's "Edward Lawrence Logan" International Airport celebrates 100 years today. Inaugurated on 8 September 1923, it is now one of the 50 busiest airports in the world, with around 40 million passengers... more
Finance and economyUK: agreement on Puma helicopters
Extended maintenance contract until 2028
The Ministry of Defense of the United Kingdom, led by Ben Wallace, has formalized the extension of a contract with the company Airbus Helicopters, to provide logistical support and assistance on the Puma... more
AirlinesAircraft and transport: another encounter at the Italian Mimit
EasyJet, Neos, SkyAlps and Assaeroporti delegations audition
The delegations of the air carriers easyJet, Neos, SkyAlps and of the Assaeroporti confindustria association, which brings together some Italian airport management companies in the "Bel Paese", will be... more
AirlinesAircraft and transport: meeting at Italian Mimit
Face to face between Minister Urso, some airlines and airport managers
The Ministry for Business and Made in Italy (Mimit), led by Adolfo Urso, meets today with the delegations of the airlines WizzAir and AeroItalia, as well as the Aeroporti 2030 association which brings... more
AirlinesUK government against "drip pricing"
Public consultation launched to find solutions against airline speculation
A public consultation has started in the United Kingdom to find solutions to prevent airlines from profiteering through baggage fees and other extra costs. It is a business practice known as "drip pricing".... more
AirlinesTerritorial continuity: summit in Brussels with the Sardinia Region
Meeting between President Solinas, Transport Councilor Moro and European Commissioner
The president of the Sardinia Region Christian Solinas and the Councilor for Transport Antonio Moro are today in Brussels to participate in a meeting on the issues of air territorial continuity (that is... more
DefenseRussia-Ukraine: American secretary in Kiev
Blinken will announce new billion-dollar military aid package
The US Secretary of State, Antony Blinken, is currently in Kiev for a surprise visit, according to the national newspaper "Ukrainskaja Pravda". The US government announced that the senior official will... more
AirlinesSardinia: more controversy over high flight prices
Today Cagliari-Linate at 678 Euros; Olbia-Roma in December at over 400 Euros
The letter sent to the Competition and Market Authority (AGCM) by the Transport Department of the Sardinia Region fuels the debate on air ticket prices, considered "vexatious" towards the island and the... more