Finance and economy
3,155 news found
AirlinesKiev Airport: "Ready to be operational again"
CEO Dubrevskyy's announcement at "Routes Europe 2023"
The top management of the Kiev-Boryspil airport management company communicated that the Ukrainian airport is ready at any time to resume operations and commercial flights as soon as the war against Russia... more
AirlinesPhilippine Airlines order for nine new planes
Towards company relaunch; deliveries expected between 2025 and 2027
Flagship carrier Philippine Airlines announced today it will order 9 new wide-body A-350/1000s to expand its fleet and route network. This is an important decision that testifies to the sudden increase... more
AirlinesUnited States: airlines against Biden plan
No to the offer of compensation for extra costs to customers of delayed flights
US airlines are on the war path. The finger is pointed at the proposal by US President Joe Biden and his Secretary of Transport Pete Buttigieg, who intend to make economic compensation for delayed or canceled... more
DefenseUAE: stop to Airbus military helicopters
Government cancelled maxi order worth 800 million Euros
The United Arab Emirates government deleted a contract, signed in 2021, with French aircraft manufacturer Airbus Helicopters. The order, worth almost 800 million Euros, involved the purchase of 12 H-225... more
AirlinesITA Airways: Lufthansa explains negotiation to shareholders
Spohr: "Privatisation generates good prospects and will consolidate the Group in global competition"
The top management of the Lufthansa aviation Group declared in the past few hours that the talks between the German airline and the Italian Ministry of Economy and Finance (MEF) are on the right track:... more
AirportsUnited States: compensation for delays and cancellations
Biden administration proposal to compensate for extra customer expenses
The United States government has announced the introduction of a new rule regarding the obligation for air carriers to financially compensate the expenses that customers are forced to do in case of delays... more
AirlinesITA Airways launches a new service
Ticket price guaranteed for 72 hours
ITA Airways launches the new service "Time to think", that allows to lock the price of the selected flight during the ticket purchase for 72 hours by paying a small surcharge. From today, it is possible... more
AirlinesWhich are the busiest airports
World ranking lists the 10 ones in April 2023
Surprises in the world ranking of the busiest airports in April 2023. American international stopovers are absent from the top 10, while Asian and European hubs dominate the list, which divide the ranks... more
AirlinesLufthansa: on the A-380 plane saw us well
In June 2023, the giant of the skies will return to service on long-haul routes
About ten months after the first announcement of the return to service of the A-380 aircraft by the German aviation group Lufthansa, the management reiterates that this is a forward-looking decision. The... more
DefensePrague buys nove military helicopters
Green light from Washington on AH-1Z Viper and UH-1Y Venom
The government of the Czech Republic has had its request for the purchase, sale and modernization of six Bell AH-1Z Viper helicopters and three Bell UH-1Y Venom aircraft approved by the US State Department.... more
AirlinesGrowing global air traffic
IATA data for the month of March 2023
The International Air Transport Association (IATA) has communicated the data resulting from the monitoring of world air traffic for the month of March 2023. These show a strong increase in the demand for... more
AerospaceAirplanes and helicopters. Airbus reports first quarter (Q1) 2023 results
127 commercial aircraft delivered
Airbus reported consolidated financial results for its First Quarter (Q1) ending 31 March 2023.The highlights are: 127 commercial aircraft delivered in Q1 2023;Revenues € 11.8 billion; EBIT Adjusted € 0... more
AirlinesLufthansa: positive quarterly accounts
Revenues up +40% and losses reduced
In the past few hours, the German aviation group Lufthansa has communicated the company's income statements for the first quarter of 2023. The data shows a positive performance: revenues are up to 7 billion... more
DefenseUSA: Army bets on helicopters
Chief of Staff McConville asks to modernize fleets
The Chief of Staff of the Army, General James McConville, reiterated the need to invest in the modernization of military helicopters. The message was exposed these days during a speech at the annual conference... more
AirlinesFirst cargo planes for Japan Airlines
After ten years, it enhances its fleet for e-commerce freight transport
Air carrier Japan Airlines will introduce three new cargo planes to its fleet. The goal is to respond to the increase in demand from consumers in the e-commerce sector. This is the first time in more than... more
AirportsJapan invests in private planes
Nipponese Government tries to attract more wealthy foreign tourists
The Ministry of Tourism of Japan is planning to reduce to three days (today it takes 10) the deadlines within which to submit the request to use an airport to the airport authorities, allowing applications... more
AirlinesITA Airways: Lufthansa on the negotiation
Spohr: "Conversations at a good point. A move to strengthen our presence in Europe and in the world"
The CEO of the German aviation group Lufthansa, Carsten Spohr, today addressed a speech to shareholders, published on the eve of the Annual General Meeting to be held tomorrow in Munich. On the occasion,... more
AirlinesFrance: air strike until 3 May
Expected delays and flight cancellations at Paris-Orly airport
The national protest continues in France against the pension reform wanted by French President Emmanuel Macron, which provides for the increase of the retirement age from 62 to 64 years. After the big... more
AirlinesTenders for acquisitions in Europe
From the privatization of the Portuguese Tap to the sale of Air Europa
The German air carrier Lufthansa and the Italian Ministry of Economy and Finance (MEF) are finalizing the final details for the privatization of the national carrier ITA Airways. In Europe, however, two... more
DefenseCanada upgrades Cormorant helicopters
Modernization program of 13 aircraft for the national army
The Canadian executive announced that it has signed a contract with the IMP Aerospace and Defense company, specialized in services for military and civil aircraft, for the modernization (in particular... more
AirlinesChinese airlines benefit from the Ukrainian conflict
Companies save time on international routes thanks to the Moscow-Beijing agreement
The war between Russia and Ukraine continues to have a strong impact on the world aviation sector, due to the closure of airspace throughout the Eurasian area. In fact, for over a year this has prevented... more
Civil aviationAirplanes-helicopters. Boeing reports First-Quarter results
Still expect to deliver 400-450 B-737 aircraft this year
The Boeing Company recorded first-quarter revenue of $17.9 billion, GAAP loss per share of ($0.69), and core loss per share (non-GAAP) of ($1.27). The industry reported operating cash flow of ($0.3) billion... more
Civil aviationSafran: turnover higher than expected
Performance supported by increased demand for travel and motor sales
The French Group Safran, specialized in the production of engines and equipment in the aviation sector, has communicated the economic data for the first quarter of 2023. The first three months of the year... more
AirportsCanada: gold stolen at airport
Cargo worth over 13.4 million euros disappeared from the storage area
At the "Pearson" international airport in Toronto, Canada, a trunk containing gold and other precious objects worth over 13.4 million euros was stolen. The local authorities communicated it in the past... more
AirlinesAir strike in Italy
Arms crossed for 24 hours from 00:01 until 24:00 tonight
Italian strike day, today Friday 21 April, in the public and private sectors. The mobilization was called by the basic unitary confederation union (CUB) and lasts 24 hours. The transport sector is also... more
Civil aviationMexico: Presidential aircraft sold
López Obrador: "Two hospitals will be built with the proceeds from the B-787"
The government of Mexico announced in the past few hours that the luxurious 80-passenger Mexican presidential plane TP01 Boeing Dreamliner 787 has been purchased by the Tajikistan executive for 83.3 million... more
AirlinesEurope: incentives on aviation biofuel
EU Parliament approves updated CO2 compensation mechanism
The European Parliament approved the update of the compensation mechanism for CO2 emissions in the EU yesterday. The system provides for the use of the proceeds deriving from the recognition of 20 million... more
AirlinesAfrica: carriers to build the single market
Conference of the African Airlines Association (Afraa) from 7 to 9 May
The air carrier Ethiopian Airlines will organize the 11th conference of the African Airlines Association (AFRAA), that brings together the airlines belonging to the African Union. The event will be held... more
AirlinesGermany: air strike 20-21 April
Inconvenience especially at the airports of Cologne-Bonn, Duesseldorf and Hamburg
National strike by airport security personnel in Germany from 20 to 21 April. Inconvenience to be expected at numerous airports throughout the country. To avoid long queues, passengers departing from or... more
Finance and economyLeonardo. Publication of the slates of candidates for the BoD’ appointment
The Shareholders’ Meeting convened in May
With reference to the forthcoming Shareholders’ Meeting of Leonardo, convened in Ordinary session on 8 and 9 May 2023 (in first and second call respectively) in order to appoint, among other matters, t... more
AccidentsFlight AF447 crash: Air France and Airbus acquitted
The French judges: "No certain causal link with the accident has been demonstrated"
The European manufacturer Airbus and the airline Air France were acquitted of manslaughter charges. It was decided today by the criminal court of Paris. The case on which the French judges ruled is that... more
AirlinesPortugal (2): privatization of the TAP airline
Three international companies to acquire the carrier: there is also Lufthansa
At least three airlines are evaluating the partial or total purchase of the Portuguese carrier Tap Air Portugal. Potential buyers are the German Lufthansa, the Franco-Dutch Air France-KLM and the International... more
AirlinesOld planes to fly new ones
Used aircraft deprive of components while airlines wait for new jets
Deliveries of new aircraft to airlines have been subject to continuous delays due to the pandemic. The phenomenon affected all the main manufacturers: Airbus, Boeing, Embraer, Bombardier. With the beginning... more
AirlinesPortugal: new CEO for TAP carrier
Luís Rodrigues takes over the reins of the airline in a very delicate period
As of today, the national air carrier Tap Air Portugal has a new CEO. He is Luís Rodrigues. The manager takes over the reins of the airline in a very delicate period for two reasons: the financial scandal... more
DefenseChile will purchase new military helicopters
Selection is underway to replace the current Bell UH-1H Iroquois
The Chilean Government has officially started the procedure for the purchase of 14 light helicopters which will enter service in the Air Force fleet. According to national and international media reports,... more
AirlinesLazzerini (2): brand Alitalia will back to the skies
"A couple of interesting projects for the relaunch it on the aviation market"
The CEO of the national air carrier ITA Airways, Fabio Lazzerini, said yesterday that "a couple of interesting projects" are being studied for the relaunch of the old Alitalia brand, which will therefore... more
AirportsBelgrade Airport will open new terminal
Completion of all works expected in 2023
The management company of the Belgrade airport has announced the imminent opening of the central area of the new terminal. It is a space of over 11,000 square meters equipped with modern technologies capable... more
AirlinesFlight attendant boom in China
Air carriers overwhelmed by candidates CVs with travel resumed
With the intense travel demand in the post-pandemic, especially in view of the Summer 2023 high season, Chinese air carriers have launched the most massive recruitment campaign in recent years. And so... more
AirlinesTap Portugal: fired, but remains in office
Finance Minister dismisses CEO, but she sues
In Portugal there is a surreal story involving the government and is shaking up the air transport sector. After a manager of the national airline Tap Air Portugal was involved in a scandal, the public... more
DefenseUSA: V-22 Osprey tiltrotor impasse
Production doomed to a premature halt if Congress does not act
Production of the V-22 Osprey tiltrotor (airplane-helicopter), jointly developed by Bell (Textron Group) and Boeing (Lockheed Martin Group) to meet the specific operational needs of the US Marine Corps,... more
DefenseIndia: military exports to Africa
Made-in-India philosophy to expand business in 30 countries
The Indian Government has recently published the data relating to the volume of exports in the defense sector: in evaluating the 150.9 million euros in the pocket in the 2022-23 fiscal year (+24% on 2021-2022),... more
Finance and economyUSA: Government-Lockheed tensions over helicopters
Center tussle: 7 billion dollar tender won by Bell-Textron
The Government Accountability Office (GAO) has rejected to the sender the appeal made by the American Defense Group Lockheed Martin against the award procedure of the "Future Long Range-Assault Aircraft"... more
DefenseIndia: data on defense exports
Record growth announced in the last six years, but goals still far away
The Indian Defense Ministry recently released some data on the volume of exports in the defense sector. The numbers show a 10-fold increase in the last six years which determines the historical record... more
AirlinesFedEx reorganizes its structure
Towards unification of land, air and logistics activities by 2024
The multinational FedEx, a transport company specializing in the sectors of road and air shipping and logistics, has announced that it will merge almost all of its land, air and other activities within... more
DefenseUS-Taiwan meeting
Tsai: "Accelerate arms supply to Taipei in the face of Chinese threats"
The awaited face-to-face between the president of Taiwan, Tsai Ing-wen, and the speaker of the United States House of Representatives, Kevin McCarthy, was held yesterday in Los Angeles. The meeting took... more
AirlinesLufthansa sells catering company
All Lsg Group assets sold after three years
German airline Lufthansa announced yesterday evening that it will sell airline catering business LSG Group. It is bought by the private equity company Aurelius, based in Germany and other European countries.... more
AirlinesFrance: wave of strikes today
Expected delays and cancellations at Paris-Orly and other airports
A national mobilization proclaimed today in France to protest against the pension reform wanted by President Emmanuel Macron. More than a million demonstrators are expected in the streets in various cities... more
AirportsNew York airport: two workers died
The victims were working on the expansion of the "JFK" terminal
All work to expand the "John Fitzgerald Kennedy" airport in New York has been suspended. It was decided by the Port Authority of New York and New Jersey, the management company of the US airport, following... more
DefenseItaly on 2% of GDP in military spending
Crosetto (Defence): "I am the only one to have told Nato that a commitment is not easy to keep"
The Italian Defense Minister, Guido Crosetto, was today in Verona on a visit to the international "Vinitaly" exhibition, the great event dedicated to the world of wines and spirits, now in its 55th edition.... more
AirlinesUSA: Spirit Airlines hires 4,000 workers
There are 57,000 fewer employees in the United States than in 2019
The American air carrier Spirit Airlines has announced that it will hire over 4,000 new workers during 2023. Among the sought-after professional figures there are above all pilots, flight attendants and... more