Finance and economy
3,201 news found
DefenseDraghi's speech to the Europarliament
"War is a humanitarian, security, energy, economic crisis. Italy is working on a diplomatic solution"
The President of the Italian Council of Ministers, Mario Draghi, spoke today for the first time in his career at the plenary assembly of the European Parliament in Strasbourg, where he spoke about the... more
AerospaceRussia will leave International Space Station
Rogozin (Roscosmos): "On the exact date we will warn our partners in advance"
The Russian space agency Roscosmos announced that it will end prematurely the international collaboration on board the International Space Station (ISS) in recent hours. It is a decision that is the direct... more
AirlinesAVIONEWS interviews Robert Carey of Wizz Air
The president talks about the expansion of the airline -VIDEO
Wizz Air, Hungarian airline, has achieved great results in recent years. Its constantly expanding routes form a network of very important connections also for Italian tourism. With a fleet that is under... more
AirlinesAeroitalia: a new Italian style company
AVIONEWS interviews the team -VIDEO
Green and red are the new black. These are the colors of Aeroitalia, a new italian style company, that very soon will become part of the civil aviation market in the coming months. AVIONEWS was present... more
AirportsMunich Airport: dynamic traffic growth paves way out of crisis
The results during an annual press conference of today
In fiscal year 2021, traffic development at Munich Airport was still heavily influenced by the effects of the global COVID-19 pandemic. At 12.5 million, the number of passengers at the airport increased... more
DefenseIndia cancels purchase of 48 Russian military helicopters
Stop Mi-17s to favor domestic aircraft production
The government of India cancelled an order of 48 Mil Mi-17 V5 helicopters of Russian manufacture in the last days. It is a decision taken with the aim of encouraging the local production of aircraft. Those... more
AirlinesAlia-250 raises 800 million dollars in investment
This US-made eVtol sparks American Army interest
US company Beta has announced that it has raised 796 million dollars in investment for the development of an electric vertical takeoff and landing (eVtol) aircraft called Alia-250. The goal is to receive... more
AirlinesAircraft. Ukrainian war: Russian carrier out of Oneworld alliance
S7 Airlines temporarily suspended due to sanctions against Moscow
The Russian carrier S7 Airlines has been temporarily suspended from the Oneworld global alliance which includes, among others, American Airlines, British Airways, China's Cathay Pacific, Spain's Iberia,... more
DefenseFinland invests two billions in defense
Objective of Helsinki is to strengthen park means and to enter in the NATO
On April 13, the political leaders of Finland and Sweden, Prime Minister Sanna Marin and her counterpart Magdalena Andersson, respectively, made official the desire to join the Atlantic Alliance. A historic... more
Finance and economyCDP (2): appointments for the renewal of corporate bodies in investee companies
The list of candidates for Fincantieri, Autostrade per l'Italia, Ansaldo Energia
The board of directors of Cassa Depositi e Prestiti SpA (CDP), which met today, approved, in view of the renewal of the Board of Directors of Fincantieri SpA, on the agenda of the Shareholders' Meeting... more
AirlinesDelta Air Lines announces March quarter 2022 financial results
The highlights
Delta Air Lines today reported financial results for the March quarter 2022.March quarter 2022 financial results • Adjusted operating loss of $793 million excludes a net gain of $9 million • Pre-tax loss... more
AirportsHeathrow Airport: record number of passengers in March
Holland-Kaye: "It is good to see the airport return to normal after two years"
The number of passengers passing through London-Heathrow Airport in March 2022 is the highest since the start of the pandemic: 4.2 million travellers in one month. Demand was driven primarily by Britons'... more
Civil aviationAirbus shareholders approve 2022 AGM resolutions
Guillaume Faury was reappointed CEO of the industry
Airbus shareholders approved all resolutions proposed at the 2022 Annual General Meeting (AGM), including the appointment of a new director and the renewal of three Board members among them the Chief Executive... more
AirlinesFrance: resumption of recruitment in the aviation sector
Airbus starts: at least 6000 new employees worldwide
With the increase in travel demand swelling the volume of air traffic, employment of workers in the aviation sector in France is also on the upswing. That's why Ryanair has launched a program to recruit... more
AirlinesUsa: airlines reduce Wi-Fi costs
Internet services on board at fixed rates between 5 and 10 dollars, but some give free access
Over the past year, many US airlines announced a general reduction in prices and a concomitant improvement in Wi-Fi connectivity service on board the fleet aircraft. This has made it cheaper and faster... more
DefenseChina confirms sending arms to Serbia
NATO: "An attack on democracy". Beijing: "NATO does not create chaos in Asia too"
The recent delivery of HQ-22 anti-aircraft missile systems to Serbia by China has been confirmed in these hours by the government in Beijing. The sale has fueled the suspicions of the Atlantic Alliance... more
AirportsUkraine war: 12 airports out of action
Kubrakov (infrastructure minister): "One in three infrastructures is destroyed"
The war in Ukraine continues unabated. After the end of the siege in Kiev the Russians are preparing the second phase of the conflict with an expected massive attack against the city of Kharkiv, in the... more
DefenseUkrainian war: a long confrontation
Stoltenberd (Nato): "We must maintain sanctions and strengthen defense"
The end of the siege of the capital Kiev by the Russian Army, which is retreating to Belarus and the east of Ukraine, suggested a turning point in the armed conflict. However, it should not be forgotten... more
AirlinesTwo Turkish Atak helicopters in the Philippines
It is the first delivery of this aircraft to a foreign country
Turkey has delivered 2 T-129 ATAK military attack helicopters built by Turkish Aerospace Industries (Tai) to the Philippines. This was announced by the director of the Turkish Defense Industries Bureau... more
Finance and economyEU: launched the fifth package of sanctions against Russia
Ursula von der Leyen "Sharper measures to hit economy", but someone disagrees
The EU recently gave birth to the fifth package of EU sanctions against Russia for the war in Ukraine. In fact, there is nothing new compared to what was anticipated yesterday. Coreper, the Committee of... more
Finance and economyBulgaria buys 8 F-16 fighter planes
Washington confirms; value of deal is 512 million dollars
The government of Bulgaria will purchase from the United States 8 fourth generation F-16 Block 70 fighter aircraft, produced by the US company Lockeed Martin. It's a big blow for the American company,... more
DefensePoland buys 250 tanks
Invested 4.74 billion dollars to acquire U.S. Abrams SEPv3s
The government of Poland has signed in recent hours a contract for the purchase of 250 new M1A2 Abrams SEPv3 tanks produced by the U.S. company General Dynamics. The value of the order is around 4.74 billion... more
DefenseUkrainian war: Washington sends money and weapons to Kiev
The US authorized other aids to contrast the armed offensive of Russia
The United States has authorized in recent hours a new package of economic and military aid to Kiev and aimed at countering the military offensive against the Russians. Among the supplies there are anti-tank... more
AirlinesUSA: FBI bounty on laser attacks on planes
Federal police offer 10,000 dollars for info on Seattle airport incidents
The office of the Federal Bureau of Investigation (FBI) in Seattle has announced that it will offer a reward of 10,000 dollars for information leading to the arrest of persons responsible for pointing... more
AirlinesWhy British Airways ticket prices go up and down
Cancellations and inconveniences: air carrier makes up for ticket costs, then backs down
After the numerous cancellations and delays of air connections, there has been a sharp increase in ticket prices for the U.K. national airline British Airways. This decision comes after the inconveniences... more
Civil aviationRussia: aircraft rental will be paid in rubles
The Kremlin's decision for leasing companies based in "unfriendly" countries
Russian President Vladimir Putin has recently signed a decree-law to regulate the fulfilment of financial obligations of Russian companies operating in the transport sector, including the aviation sector.... more
Civil aviationAirline tickets: high fuel prices rise
Some companies increase fares, others wait for answers from the market
The rise in fuel prices, despite increased demand for travel on the part of passengers, is threatening the recovery of the air transport sector. For this reason, the heads of the main airlines are considering... more
AirlinesUnited Airlines focuses on biofuels
Company is investing 5 million dollars in research start-ups
US air carrier United Airlines announced yesterday an initial 5 million dollar investment in a technology start-up specializing in applied environmental research. The airline's goal is to screen and test... more
AirlinesUnited States protects slots for international flights
Government extends economic aid to air carriers by allowing cutting of routes
The US Federal Aviation Administration (FAA) has extended to the 2022 summer season the temporary exemption on the minimum requirements to be able to operate international flights at US airports. Under... more
DefenseUnited States: Biden proposes increases to defense budget
An 813.3 billion dollars plan is now under consideration by Congress
The White House unveiled in recent hours its new defense investment plan for fiscal year 2023. Specifically, US President Joe Biden has proposed spending of 813.3 billion dollars. A figure that marks... more
AerospaceMan on Mars by 2040
Washington asks for 1.93 billion dollars to fund space programs
The White House has requested the US Congress to allocate a budget of 26 billion dollars in 2023 for the National Aeronautics and Space Administration (Nasa). Of that 1.93 billion dollars would be used... more
AirlinesMoody's: demand for air transport remains strong
Fears of conflict widening or interruption of oil and gas exports
The US company Moody's, which specializes in financial research and analysis, has announced that the outlook for the global air transport sector remains positive. Indeed, despite the Russian-Ukrainian... more
AirlinesNew software optimizes fuel consumption and air traffic
Over three million gallons of fuel saved by carriers in four years at one airport
More than 1 million gallons of fuel have been saved by air carriers in four years of testing at a US airport, thanks to software that reduces airport congestion during busy periods. That's according to... more
AirlinesMoody's: the environmentalism of air transport
Air carriers ability to reduce their CO2 emissions is limited
The US company Moody's, which specializes in financial research and analysis, has stated that the ability of airlines to reduce their harmful CO2 emissions is very limited. This situation is due to two... more
AirlinesIreland helps carrier Aer Lingus
Another injection of public money equal to 200 million Euros
The Irish Government has provided an injection of public funds amounting to 200 million Euros via the Irish Strategic Investment Fund (ISIF) to help the national flag carrier Aer Lingus, a company controlled... more
Finance and economyFincantieri: BoD approves 2021 consolidated financial statements and draft financial of the parent company
Results, operations, strategic initiative, sustainability -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has approved the draft financial statements of the parent company at December 31, 2021, the Consolidated financial statements at... more
AerospaceA solar sail for space transportation
A French company raises two million Euros. First launch in October
French start-up Gama has announced that it has raised 2 million dollars from investors who believed in its project to develop a solar sail that will be used in future space exploration and interplanetary... more
Finance and economyGES sold for USD 450 million
Closing for the 2H2022 and is subject to approvals
Leonardo announced today its US subsidiary Leonardo DRS has signed a definitive agreement to sell its Global Enterprise Solutions business (GES) to SES for $ 450 million, gross of taxes, subject to customary... more
AerospaceSpaceX will take OneWeb satellites into orbit
Agreement signed today after suspended collaboration with Russian Soyuz due to war
After the decision to suspend the entrusting of launch services of OneWeb satellites to the Russian company Soyuz, today the space company based in Great Britain has signed a new collaboration agreement... more
Civil aviationRussian luxury aircraft under Western sanctions
From Moscow aircrafts for sale, western manufacturers and maintainers scrutinize market
Private and luxury aircrafts attributable to Russian owners are under the under investigation worldwide. The reason is to be found in the economic sanctions imposed by Western governments against the Kremlin,... more
AirportsChina: an airport cluster in Chengdu-Chongqing
Civil Aviation Administration of China announces it to strengthen economic district
Civil Aviation Administration of China (CAAC) has announced that it will accelerate the process for the realization of an international airport cluster in the economic district of Chengdu-Chongqing, where... more
AerospaceHigh inflation impacts SpaceX
Musk: "Better to own physical things in these cases, but I'm not selling my cryptocurrencies"
US entrepreneur Elon Musk has let investors know that two companies he founded, space company SpaceX and electric vehicle specialist Tesla, are facing high inflationary pressure, however he has no plans... more
AerospaceAvio: 2021 results in line with its guidance
Backlog improved, stable cash position -ATTACHMENT
The Board of Directors of Avio SpA yesterday reviewed and approved the company and group financial statements of Avio SpA as of December 31, 2021. HighlightsSuccessful return to flight for Vega: 3 missions... more
Civil aviationUkraine conflict: Israel regulates migration of Russian oligarchs
Maximum 48-hour limit for stopovers of aircraft arriving from Moscow
Israel's government will prevent Russian oligarchs holding dual passports from travelling to the Middle Eastern country to save themselves from economic sanctions. Following the Kremlin-led Army's invasion... more
DefenseRussia-Ukraine: Kiev formalizes economic aid
Martial law: Zelensky increases security and defense fund by 1.57 billion euros
Fifteen days after the start of the armed conflict between Russia and Ukraine, a rift has been created in Europe with Western countries providing armaments, humanitarian aid and economic support to Kiev,... more
AerospaceLeonardo BoD examined and approved the draft of Group results 2021
And guidance 2022-ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements at 31... more
Finance and economyPhilippines will buy Russian military helicopters
Despite condemnation of invasion in Ukraine, confirmed buyout
The Philippines will finalize the purchase agreement for 17 Russian-made Mil Mi-17 military transport helicopters. An arrangement signed and partially paid for prior to the invasion in Ukraine. The contract... more
AirlinesAirbus increases production of H-160 helicopters
Enhanced and digitized assembly line to create 35 units per year
European manufacturer Airbus Helicopters said that it will boost its production capacity for twin-engine H-160 helicopters. After seven years of development 2021 was a turning point, with 52 aircraft ordered... more
AirlinesITA Airways: interest from Delta Airlines and Air France-Klm
Joint expression of interest on the Mise table, then opening of the data room
The US air carrier Delta Airlines and the French-Dutch Air France-Klm have formalized a joint expression of interest to acquire the majority of the flag carrier ITA Airways, thanks to the support of an... more
AirlinesRussia promises help to domestic air carriers
The announcement just days after Boeing and Airbus suspended services
The Russian government will help domestic air carriers so that they can keep their foreign aircraft fleets operational. The initiative comes just days after the announcement of the suspension of services,... more