Finance and economy
3,155 news found
AirportsNew terminal for "JFK" Airport in New York
Public-private investment of 9.5 billion dollars
New York's "John Fitzgerad Kennedy" International Airport will have a new terminal consisting of 24 gates, totaling 2,4 million square feet. The facility will be built in stages on the existing Terminals... more
AirlinesPlanes and carriers. Iberia-Air Europa seek alternative to merger
Iag and Globalia will have to find agreement with State and financiers
Spanish carriers Iberia and Air Europa are looking for an alternative after their recent failed merger. The latter was supposed to lead to the creation of one of the largest European airlines. Certainly... more
AerospaceAerospace company Ariane announces 588 dismissals
French company is facing strong competition and numerous challenges
French aerospace company Ariane will fire 588 people by the end of 2022, including 527 in France. Among the latter 264 cuts concern the three sites in the Gironde region of France: Le Haillan (75 redundancies),... more
Finance and economyUAE suspends talks on F-35 aircraft
Between geopolitical vetoes and differences on mutual purchase conditions
The United Arab Emirates officially announced in recent hours they will suspend talks with the US government for the purchase of 50 F-35 warplanes made by the US Lockheed Martin. The order would have been... more
AirlinesBritish Airways returns to Gatwick in March 2022
Euroflyer airline tickets to 35 destinations
The national air carrier of the United Kingdom, British Airways, officially announces that in March 2022 it will return to permanently operate short-haul flights at London-Gatwick airport. It will make... more
DefenseFinland chooses F-35 warplanes
Kaikkon (Defense minister): "Military performance best meets our needs"
Finland announced that it has chosen the F-35A Lightning II warplane from US-based Lockheed Martin to renew its fleet. The order by the Helsinki government covers 64 aircraft at a cost of 8.4 billion Euros.... more
CargoAir cargo costs soar to record high
Doubled prices per kilo of goods coming from Asia to Europe and North America
Around the world, air freight costs are rising to record high. As companies prepare to meet growing demand in the run-up to Christmas, they are facing with prices that have nearly doubled. That's what's... more
DefenseUS Navy commissions 7 CH-53K military helicopters
New order worth 31.2 million Euros
The US Naval Air Systems Command has asked American manufacturer Sikorsky -a subsidiary of Lockheed Martin- to build 7 new CH-53K King Stallion heavy military helicopters with integrated avionics systems.... more
AirlinesAircraft. Cash injection on air carrier Virgin Atlantic
468 million Euros to counter possible losses triggered by Omicron variant
The founder of British airline Virgin Atlantic, Richard Branson, has provided a cash injection of 468 million Euros to support the airline. The decision comes at a time when the outlook for the airline... more
AirportsFraport traffic figures in November: positive passenger trend continues
Slowdown expected for December due to pandemic
Frankfurt Airport (FRA) welcomed some 2.9 million passengers in November 2021. This represents an increase of 341.5 percent year-on-year, albeit compared to a very weak November 2020. FRA’s continued t... more
DefenseAustralia: primacy in the purchase of armaments
A one billion dollar agreement with South Korea
Australia has signed the largest ever agreement with an Asian ally for the purchase of armaments. It is South Korea, from which it will buy dozens of artillery vehicles. Confirmation came today with the... more
Finance and economySerbia will buy 29 military helicopters
It was announced by the president Republic Aleksandar Vucic
Serbia will purchase 29 military helicopters in the next two years to be used by the local Army. The order is composed by 11 twin-engine H-145 Cobra produced by the European Airbus Helicopters, 4 Mi-35... more
AirlinesAir France-Klm redeems 500 million euros of debt
Now the group aims at raise new capital
The Franco-Dutch group Air France-Klm redeemed 500 million Euros that were part of a previous State bank loan worth 4 billion Euros guaranteed by the Paris government to help the airline deal with the... more
AirlinesAircraft. Carriers meet climate commitments
United Airlines invests in Saf, start-ups and electric airtaxi
The global air transport industry is accelerating its progress on the environmental front. First of all, they are fulfilling the commitments made in October at the "Cop 26" summit -organized by the United... more
AerospaceCompany will sell diamonds sent into space
A new frontier in the commercialization of cosmos
Clothing, flags, photographs, now even diamonds. The British company The Space Collective, specialized in the sale of objects that have been in space, plans to send these precious stones aboard the International... more
DefenseSaudi Arabia has few missiles
Appeal to US and European allies to defend against Houthis
In recent months Saudi Arabia recorded a dozen weekly attacks with ballistic rockets and drones. The perpetrators are the Houthi guerrillas deployed in Yemen, who accuse them of having formed an alliance... more
Civil aviationHelicopters: Russians look at artificial intelligence
Study commissioned by State-owned company
The Russian company Russian Helicopters has commissioned a study on artificial intelligence to evaluate the possibility of developing an AI-controlled aircraft, able to fly autonomously. The goal of the... more
AirlinesTransatlantic and European air travel collaps
Restrictions on Omicron variant hit industry recovery
In the last week of November, bookings for transatlantic flights from the United States to Europe dropped 55 percent from the previous week. This is the first clear consequence of the flurry of new travel... more
DefenseFinland towards F-35 military aircraft
Eurofighter, Gripen and Rafale also in competition
Finland's Air Force is facing the task of replacing 64 F-18 C/D aircraft produced by ex-US manufacturer McDonnell Douglas, acquired by Boeing. The government's evaluation team is reportedly looking at... more
Finance and economyNew world record for weapons trade
The Report of the International Peace Research Institute of Stockholm
According to the latest report of the Stockholm International Peace Research Institute (Sipri) in 2020, the sale of armaments marks a new world record. The turnover of the 100 largest arms manufacturers... more
DefenseRussia and India sign military agreement
Contract reached during Putin's visit to New Delhi
Russia and India yesterday signed an agreement on military-technical cooperation. The understanding was reached during the visit of President of the Russian Federation Vladimir Putin to New Delhi, where... more
DefenseUAE (2) buy 12 military helicopters
It's the H-225M "Caracal"; acquired services and armaments
The Government of the United Arab Emirates has bought 12 H-225M "Caracal" military helicopters of European production. This purchase is linked to the contract stipulated with Paris, which also includes... more
DefenseUnited Arab Emirates purchase 80 Rafale military aircraft
Deliveries will begin in 2026 and last until 2030
The Government of the United Arab Emirates has purchased 80 Dassault Rafale F4 military aircraft. The contract, signed between Paris and Abu Dhabi, worth more than 16 billion Euros and also includes the... more
DefenseCanada says no to Boeing for 88 warplanes
US manufacturer ruled out. Lockheed Martin and Saab still at stake
The Canadian Government has started a modernization program with the aim to replace the aging fleet of aircraft in the world's tenth largest economy. The deal worths about 10.3 billion Euros to provide... more
DefenseNew Zealand against killer robot
Decision to prevent uncontrolled spread of weapons across the border
The government of New Zealand announced it would accelerate the international ban on autonomous weapons systems such as killer robots in recent days. A choice that places the country among the most influential... more
AerospaceNasa-private agreement for commercial space stations
The contract worth about 367 million Euros
The US National Aeronautics and Space Administration (Nasa) entered into a major agreement with three aerospace companies for the development of future commercial space stations. The contract worth approximately... more
DefenseIsrael sell armed drone aircraft to Morocco
A Tel Aviv-based company turns over 19 million euros. Many civilian casualties
Israel and Morocco have recently sealed in Rabat, capital of the North African country, an important agreement of military cooperation, on which some indiscretions are beginning to emerge. First of all,... more
AerospaceStarlink could bring internet to planes in 2022
Request for satellite connection forwarded to Federal Communications Commission
Confirmed the negotiations between the US aerospace company Starlink of Elon Musk and some airlines that would like to implement on their planes the satellite internet connection service. The company has... more
DefenseEU. Question on European defence acquisitions
The case of the Franco-German KNDS bid for the purchase of Leonardo’s OTO Melara and Wass
"Parliamentary questions 17 November 2021 Question for written answer E-005152/2021 to the Commission Rule 138Anna Bonfrisco (ID), Marco Campomenosi (ID) Subject: European defence acquisitions: the case o... more
Finance and economyIsrael authorizes purchase of new military helicopters
A 2.1 billion Euro plan for CH-53Ks
The Israeli Government has approved in these days a 2.1 billion Euro purchase plan for 10-15 Sikorsky CH-53K King Stallion helicopters developed by the subsidiary of the US group Lockheed Martin. This... more
Civil aviationOnly 10% companies well prepared against cybercrime
It emerges from a research conducted by a consulting firm
Cybercrime is at the top of the list of companies' main risks. This is what emerges from an analysis conducted by Kpmg, an Anglo-Dutch multinational that offers consultancy to companies. Experts calculated... more
Civil aviationAircraft. Russian industry towards independence from the West
At the "Dubai Airshow" the Irkut MC-21 airplane for the first time with Soviet engines
At the "Dubai Airshow", the international aviation fair which ended a few days ago, the most attentive observers interpreted a signal as the will of the Russian aviation industry to increase its efforts... more
AirlinesIta Airways Chiefs in France to purchase Airbus aircraft
The agreement for 28 airplanes worth 4.4 billion Euros
Executives from the newly national airline Ita Airways will be in France today to purchase new Airbus aircraft with which they will renew the airline's fleet. The memorandum of understanding concerns 28... more
Civil aviationAirbus and Boeing focus on flights demand
Air travels resume, but there would be a risk of overproduction
Analysts of US aircraft manufacturer Boeing and European aircraft manufacturer Airbus predict that the economic damage inflicted by the pandemic will no longer be the focus of concern. That place is now... more
Finance and economyGeneral Electric bets on aviation
This emerges from the split into three companies announced for 2024
The US company General Electric announced in recent days that starting from 2023 the group will progressively divide into three independent companies, each listed on the stock exchange: aeronautics, energy,... more
Finance and economyFincantieri. BoD approves 9m 2021 results
Total backlog at EURO 36 Billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at September 30, 2021. Consolidated 9M 2021 results2021 guidance fully... more
AccidentsBoeing recognizes responsibility for the plane crash in Ethiopia
In 2019 an Ethiopian Airlines B-737 Max crashed killing 157 people
New developments for the plane crash of 10 March 2019. The US aircraft manufacturer Boeing admitted its responsibility for the disaster occurred in Ethiopia, when an Ethiopian Airlines B-737 Max aircraft... more
Civil aviationGeneral Electric divides itself into three companies
Health, Energy and Aeronautics. The decision becomes effective in 2023
The US multinational conglomerate founded in 1892 -active in the fields of technology and services for the aviation, energy, renewables, digital, armament production, locomotives and finance- splits itself... more
AirlinesAircraft. Carriers are urgently looking for pilots
Due to increased demand for travel and cuts made during the pandemic
The US air carriers have started a wild race for the pilot hiring, who are going to sit in planes that, after being parked on the ground for tens of months due to the pandemic, have returned to operate... more
AirportsSydney Airport towards sale
The BoD agrees to USD 17.5 bn buyout deal
The Board of Directors of Kingsford Smith International Airport in Sydney, Australia, has announced that it has agreed to USD 17.5 bn buyout deal from a national consortium of local investors. The BoD... more
Finance and economyLeonardo BoD: nine months results
ATR, Airbus and other programmes improving, while B-787 is still affected by the pandemic -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results of the first nine months 2021.Alessandro Profumo, Leonardo CEO,... more
Civil aviationAustralia: air taxi and vertiport by 2032
The government wants them ready for the Olympic Games in Brisbane
Australia has announced that it will develop a new urban mobility system in view of the "Olympic Games" in Brisbane in 2032. The construction project consists of a series of vertiports and small urban... more
AirportsAutogrill signs a financing agreement
For one billion Euros for five years
Autogrill SpA announced yesterday the signing of a 5-year multi-currency, medium-long term cash financing agreement for a maximum total principal amount of one billion euros with a pool of primary banks.The... more
Civil aviationAircraft and helicopters. Airbus reports nine month (9m) 2021 results
The highlights - ATTACHMENT
Airbus reports Nine-Month (9m) 2021 results.The highlights:424 commercial aircraft delivered in 9m 20219m financials reflect deliveries as well as efforts on cost containment and competitivenessRevenues... more
Civil aviationAirplanes and helicopters. Boeing reports 3Q results
The highlights
Boeing reported third-quarter results.The highlights:Continued progress on global safe return to service of 737 MAX aircraft and focus on operational stabilityRevenue of $15.3 billion, GAAP loss per share... more
AirportsIata. Infrastructure costs increasing $ 2.3 billion in a crisis
They will stall recovery in air travel and damage international connectivity
The International Air Transport Association (IATA) warned that planned increases in charges by airports and air navigation service providers (ANSPs) will stall recovery in air travel and damage international... more
Finance and economyALA SpA: BoD approves results as at 30 June 2021
Net financial position in constant improvement; profitability grows
Ebitda of € 7.5 million (+ 7.8%); Ebit of € 6.4 million (+ 12.9%); Pre-tax profit of € 5.2 million (+ 22.3%) more
AirlinesAeroflot Group: operating results for August 2021
Key highlights and aircraft fleet update
Aeroflot announced Aeroflot Group operating results for August and 8M 2021.Key highlights of August 2021:Aeroflot Group carried 5.5 million passengers, 50.3% up year-on-year and 10.9% down vs. 2019;4.5... more
AirlinesLufthansa Group: capital increase to strengthen balance sheet
And to enable the early repayment of stabilization measures in Germany
The global rollout of vaccinations supports customers’ confidence to fly and facilitates the further lifting of travel restrictions. Lufthansa is well positioned to take advantage of the resulting rebound i... more
Finance and economyAirbus joins DAX stock exchange index in Germany
Effective today
Airbus has become a member of the new DAX40 index in Germany, effective today.On 3 September 2021, Deutsche Börse completed the expansion of the DAX from 30 to 40 companies as part of a comprehensive... more