Finance and economy
3,155 news found
CargoIran announces new alliance in the Gulf
Maritime cooperation for the geopolitical security of trade
The Government of Iran has announced the birth of a new naval alliance in the Persian Gulf. This is a maritime cooperation which should include Saudi Arabia, the United Arab Emirates, Oman, Qatar, Iraq... more
Airlines"Amsterdam Airport has no shame"
Gibes from dg Walsh (Iata) against rate increases and slot management
The global aviation industry has experienced a period of robust recovery in the last year after a long recession due to the covid-19 pandemic, followed by the Russo-Ukrainian war and the increase in the... more
AirlinesAircraft. Air strike on June 4 in Italy
A 24-hour mobilization of the airport sector
Sunday 4 June 2023 will be a 24-hour strike in the airport sector in Italy. Numerous inconveniences are expected for passengers travelling to or from Italy, dealing with delayed and cancelled flights,... more
AirlinesAircraft and transport: problems with animal fats for Saf
T&E ong denounces: by 2030 consumption could triple
The non-governmental organization Transport & Environment (T&E), specialized in the transport and environment sectors and which promotes sustainable transport in Europe, has published a new study which... more
AerospaceFirst NASA "Ufo team" meeting
The 1st report on the investigations is expected in July
The National Aeronautics and Space Administration (NASA) UFO expert group met publicly yesterday for the first time. At the center of the meeting was the study of "unidentified aerial phenomena" (Uap,... more
AirportsSpain: over 17 billion euros for airports
Management company Aena launches tenders to upgrade airports
The Spanish airport operator Aeropuertos Españoles y Navegación Aérea (Aena) has been awarded four concessions (out of the total of six tenders) for the management of duty-free shops in 23 airports th... more
Civil defenseUSA: laser against helicopter, arrested
Point blinding light after the discovery of a clandestine car race
A 21-year-old man was arrested for being the suspected perpetrator of a stunt against a Metro Nashville Police Department (Mnpd) helicopter. According to the indictment, he allegedly aimed a laser at an... more
CargoAircraft and transport. IATA: cargo demand decline slows in April
Key factors influencing it
The International Air Transport Association (IATA) released data for April 2023 global air cargo markets, showing a continued, but slower, decline against the previous year’s demand performance.Global d... more
Civil aviationHill Helicopters will introduce first helicopter
On display at the Imperial War Museum, Duxford, UK in December
The British aircraft manufacturer Hill Helicopters has announced the presentation of its first helicopter, called the HX-50, during an event at the Imperial War Museum in Duxford, in the United Kingdom,... more
Finance and economyPoland arms new helicopters
Agreement with the USA on Hellfire missiles for military aircraft
The governments of Poland and the United States signed a contract for the purchase of American-made Lockheed Martin AGM-114 II air-to-ground missiles yesterday. These are armaments purchased by Warsaw... more
DefenseUK celebrates the "HMS Prince of Wales" aircraft carrier
City of Bristol grants "Freedom of the City" on Saturday 10th June 2023
The British "HMS Prince of Wales" aircraft carrier, the largest warship of the Royal Navy, will obtain the "Freedom of the City" on Saturday 10 June 2023. It is an honor conferred by the administration... more
Civil aviationIndia: new guidelines on Himalaya helicopter travel
Decision on the occasion of 70 years of conquering the highest mountain in the world
The Directorate General of Civil Aviation (DGCA) India, has introduced from this season "an additional take-off control for pilots operating on helipads at 10,000 feet" to reach the Himalaya. The decision... more
AirlinesITA-Lufthansa: a long-awaited turning point
Spohr: "ITA is not the old Alitalia" and "we will make this operation a success"
The privatization of 41% of the air carrier ITA Airways by the Lufthansa Group (which put 325 million euros on the plate) represents a turning point for the Italian aviation market. Thus ends, after decades,... more
AirlinesAsiana Airlines focuses on safety
It will not sell tickets for seats located near emergency hatches
The South Korean company Asiana Airlines has declared that it will no longer sell tickets to passengers for seats located near the emergency exit aboard the A-321/200 aircraft. It is a decision that comes... more
AirlinesLondon City Airport investigating hacker attack
Looking for a flaw that allowed the stopover website to be put out of action for a few hours
The management company of the British London-City airport has launched an in-depth investigation into the IT breach suffered on the morning of Sunday 28 May, which put the airport's website out of action... more
AirlinesIn the skies the first C-919 aircraft with passengers
A historic moment for Chinese aviation - VIDEO and PHOTO GALLERY
First commercial flight with passengers of the C-919 narrow-body aircraft manufactured by the Chinese State-owned Commercial Aircraft Corporation of China (Comac). The connection (MU-9191) between Shanghai-Hongqiao... more
AirlinesSummer 2023: customer complaints rise
Global airlines are pushing lawmakers to take action to limit chaos
As the Summer high season approaches, the demand for travel is getting stronger. And while the number of air connections made every day in the world increases, so does the number of disputes between travelers... more
AirlinesC-919 aircraft first commercial flight
Maiden takeoff in the world with China Eastern Airlines livery on Sunday, May 28
The Asian carrier China Eastern Airlines, first customer of the C-919 narrow-body aircraft produced by the Commercial Aircraft Corporation of China (Comac), will take off the first commercial flight (MU-9191)... more
DefenseRussia increases production of drones
UAV among the most used in the war in Ukraine by the armed forces of Moscow
The Russian weapons company Kalashnikov announced that it is opening a specialized division for the production of kamikaze drones today. It is a decision linked to the pragmatic analysis that these weapons... more
AirlinesLufthansa Group reached agreement on the acquisition of a stake in ITA Airways
41% through a capital increase of EUR 325m
Deutsche Lufthansa AG reached yesterday an agreement with the Italian Ministry of Economy and Finance (Ministero dell’Economia e delle Finanze, MEF) to acquire a minority stake in the Italian national c... more
AirlinesItalian Mef. Lufthansa and ITA confirm agrement
Today meeting at MEF between minister Giorgetti, CEO Spohr and Chairman Turicchi
Minister of Economy and Finance Giancarlo Giorgetti and Deutsche Lufthansa CEO Carsten Spohr met today at MEF to confirm the conclusion of the agreement: Lufthansa's investment in ITA Airways to take over... more
Civil aviationRobinson helicopters celebrate 50 years
To date it has produced more than 13,500 aircraft in three versions
Less than a month is missing to celebrate the 50th anniversary of Robinson Helicopter Company, the US aircraft manufacturer founded on June 20, 1973 by Frank Robinson, who had the idea of a new type of... more
AirlinesAircraft and safety. USA: FAA invests in prevention
Initiatives against "unexpected incursions" on runways - VIDEO
The US Federal Aviation Administration (FAA) has communicated the allocation of over 100 million dollars to a dozen airports. The aim is to strengthen the air accident prevention mechanism. The funds will... more
DefenseAmerican aircraft carrier in Norway
NATO showdown in a moment of maximum tension with Russia
North Atlantic Treaty Organization (NATO) showdown at a time of heightened tension with Russia over the war in Ukraine. The largest aircraft carrier in the world, the "USS Gerald R. Ford" of the US Navy,... more
AerospaceVirgin Orbit: all assets up for auction
After bankruptcy it closes its business, on the market for 36 million dollars
The former US aerospace company Virgin Orbit, specialized in the launch of satellites and now in bankruptcy, has announced that it will close permanently after the sale of all assets. These include its... more
DefenseItaly increases military spending
To strengthen the Eastern European front of the Atlantic Alliance in an anti-Russian function
The Italian economic commitment to support the missions of the North Atlantic Treaty Organization (NATO) is growing. In the first months of 2023 were allocated 314 million euros to the defense sector (there... more
DefenseDenmark joins Pesco cooperation
Borrell: "It allows member states to invest, develop capabilities and prepare armed forces"
The European Council confirmed Denmark's participation in the Permanent Structured Cooperation (PESCO), the permanent structured cooperation in European defense and security matters. Copenhagen thus becomes... more
Civil aviationThe eVtol for Switzerland-Italy routes are arriving
Agreement between German manufacturer and Swiss company
The German company Lilium, developer of the of the homonymous eVtol (Electric Vertical Take-Off and Landing), has announced a purchase agreement with the Swiss company Air-Dynamic, which operates connection... more
DefenseIsrael wants 20 new military helicopters
Consider agreement with USA for Apache or next generation aircraft
Israel Defense Forces (IDF), that is the Israeli armed forces (army, navy, air force), are evaluating the purchase of new US-made helicopters by 2025 to modernize the military aircraft fleet. In particular,... more
AirlinesITA Airways-Lufthansa (2): agreement by May
Rome is getting ready for the wedding with excellent financial forecasts and doubles the number of passengers transported
The Italian Minister of Economy and Finance (MEF), Giancarlo Giorgetti, whose ministry is the sole shareholder of the national air carrier ITA Airways, would like to formalize the agreement with the German... more
AirlinesITA Airways-Lufthansa: negotiation at the final rush
As anticipated by AVIONEWS, the last details are defined: in particular management aspects
The negotiation between the German aviation group Lufthansa and the Italian Ministry of Economy and Finance (MEF) for the purchase of 40% (value 250-300 million Euros) of the national air carrier ITA Airways... more
Finance and economyG7 Hiroshima: "Yes" to F-16 planes in Kiev
The green light from US President Joe Biden, ready to train Ukrainian pilots
At the G7 summit in Hiroshima (May 19-21), US President Joe Biden "informed his counterparts" that he will allow their North Atlantic Treaty Organization (NATO) allies to supply American-made warplanes,... more
AirlinesUSA-Europe: airline tickets skyrocketing
Double-digit price increases on one of major carrier for transatlantic flights
US carrier United Airlines increased the price of all tickets for travel between the US and Europe by +33%. It emerges from the monitoring of the offers intended for loyal customers of the "United MileagePlus"... more
Civil aviationRussia: Utair helicopters at risk
One major operator could shut down 30% of its fleet
A major Russian aircraft operator could be forced to ground a third of its fleet of more than 200 helicopters: This is Utair, a company that operates scheduled and charter flights in its vast network of... more
Civil aviationZimbabwe receives Kazan Ansat helicopters
18 Russian aircraft used as air ambulances and for police forces
The government of Zimbabwe received 18 Kazan Ansat light multi-purpose helicopters yesterday (12 air ambulances and six for the police), produced by the Russian company Kazan Helicopters and sold by the... more
AirlinesAircraft and carriers. Lufthansa starts hiring
Announced recruitment campaign for 8,000 workers by 2023
The German aviation Group Lufthansa recently announced that it will soon launch a maxi recruitment campaign for 8,000 people. They are looking for specialist professional figures such as technicians, experts... more
DefenseIsrael-Dutch military agreement
Tel Aviv will supply 20 artillery missile systems
The Israeli Defense Ministry, led by Yoav Galant, announced the signing of an agreement with the Dutch Ministry of Defence for the purchase of Puls (Precise & Universal Launching System) artillery missile... more
AerospaceSpain will launch first private space rocket
The test should be carried out by May 31 in the south of the country
The Spanish company Payload Aerospace (Pld Space), specialized in the construction of the Miura 1 and 5 space launch vectors, announced in the past few hours the launch of its first reusable suborbital... more
AirlinesAircraft and transport. Strike in Italy: what happens tomorrow
List of disruptions caused by the national mobilization on May, Friday 19
National airstrike of up to 24 hours in Italy tomorrow, May, Friday 19. The mobilization was called by the unions Filt Cgil, Fit Cisl, Uiltrasporti and Ugl air transport. The reason for the protest is... more
AerospaceVirgin Orbit in talks with Stratolaunch
Initial offer presented for the acquisition of aeronautical activities
After declaring bankruptcy in April, the US company Virgin Orbit, specialized in the launch of satellites, recently announced that it had entered into an agreement with the US space company Stratolaunch... more
AirlinesSingapore Airlines says no to B-737 MAX 8
Asian company cancels order for eight new aircraft
The Singapore Airlines aviation group announced that it has cancelled an order for the purchase and sale of eight B-737 MAX 8 aircraft in the past few hours. The announcement came after a positive confrontation... more
DefenseGermany thinks about H-145M helicopters
Decommissioned old Tigers by 2038
Germany's Defense Ministry has announced in recent days that it will begin the gradual decommissioning of the old Tiger combat helicopters. By 2038 they will be replaced by H-145M multi-role light aircraft,... more
DefenseRussia-Ukraine: France trains Kiev pilots
President Macron announced during an interview with the national TV station
France will send missiles and ammunition to Kiev, offering training to aircraft pilots. The goal of Paris is to increase the resistance capabilities of the Ukrainian armed forces in the near future, explained... more
AirlinesUSA: carriers customers would avoid
American survey of travel enthusiast consumer opinions
The website "The Vacationer", specialized in providing information on the air transport and leisure travel sector, conducted a survey to understand which are the worst air carriers according to US consumers... more
AirlinesITA Airways: agreement with neighboring Lufthansa
The deal could close as early as next week
The negotiation between the German aviation Group Lufthansa and the Italian Ministry of Economy and Finance (MEF) for the privatization of the national airline ITA Airways could be completed shortly in... more
AirlinesTurkish Airlines: "We will order 600 new aircraft"
The announcement by company president Ahmet Bolat
The top management of the Turkish Airlines air carrier have announced that they are ready to order 600 new aircraft. The order will be finalized in June 2023 and the aircraft will be delivered within ten... more
DefenseAirplane-helicopter. USA: four tiltrotors for the Navy
Agreement for the production of Osprey V-22B
The United States Navy has signed a contract with Bell Textron and Boeing companies for the production of another four Osprey CMV-22B tiltrotor aircraft (helicopter-airplane). The deal is valued at an... more
AirlinesVirgin Atlantic at pre-covid levels
Record turnover compensates for high costs, but profit will return in 2024
The British airline Virgin Atlantic communicated its economic results for 2022 these days. The company announced a total turnover of 2.9 billion pounds, which marks an almost coincident performance (-2%)... more
DefenseUSA: 60 military helicopters to Germany
Green light from the US State Department to the CH-47F Chinooks
After the announcement by Germany to purchase 60 military CH-47F Chinook heavy transport helicopters, the go-ahead from the US State Department arrived in the last few hours. The sale has an estimated... more
AirlinesBrussels airport tests green landing
First experiment in an operational environment of the mechanism
The Brussels airport management company and Skyes are working together to develop new landing procedures that can improve environmental quality. The research will be conducted with the support of Eurocontrol,... more