Finance and economy
3,201 news found
AerospaceAvio: first half 2021 results
Vega returned to flight with two missions -ATTACHMENT
The Board of Directors of Avio SpA, reference aerospace company listed on the STAR segment of the Italian Stock Exchange, today reviewed and approved the HY 2021 results.The highlights:Continuity of operations... more
AirlinesState aid. European Commission finds new carrier ITA is not Alitalia's economic successor
And Italy's capital injections into ITA are market conform
The European Commission has found that Italia Trasporto Aereo SpA (“ITA”) is not the economic successor of Alitalia and, hence, it is not liable to repay illegal State aid received by Alitalia. It als... more
AirlinesEuropean Commission concludes Italian loans to Alitalia are illegal aid
Worth €900 million
The European Commission (EC) has concluded that two State loans for an amount of €900 million, granted by Italy to Alitalia in 2017, are illegal under EU State aid rules. Italy must therefore recover t... more
AirlinesEasyJet announces a 1.4 billion euros capital increase
The carrier wants to recover from the drop in traffic caused by the pandemic
EasyJet announces a 1.2 billion pounds (1.4 billion euros) capital increase to recover from the pandemic. At the same time, the low-cost company will activate a new four-year senior secured revolving credit... more
AirlinesAirplanes and carriers: merger of Korean Air-Asiana authorized
Awaiting the green light from foreign authorities including Europe, UK, Australia, China and USA
The Civil Aviation Authorities of Malaysia (CAAM) have authorized the merger between Korean Air and Asiana Airlines. This was reported by the information site "Flightglobal.com". For now, no official confirmation... more
AirlinesAir New Zealand announces 2021 financial results
The data continue to have Covid-19 impacts
Air New Zealand has announced 2021 financial results.SummaryOperating revenue of $2.5 billion, down 48 percent on the prior yearCargo revenue up 71 percent on the prior yearLoss before other significant... more
AirlinesQantas Group: significant loss from full year of Covid
The hightlights
Qantas Group published today financial results that recorded significant loss from full year of COVID.The highlights are: Underlying Loss Before Tax: $1.83 billionStatutory Loss Before Tax: $2.35 billion$12... more
Finance and economyEmbraer aircraft: 2Q2021 results
The industry delivered 14 and 20 jets
Embraer earnings results 2nd Quarter 2021.Highlights • The industry delivered 14 commercial jets and 20 executive jets (12 light/8 large) in 2Q21, bringing the year-to-date deliveries to 23 commercial j... more
AirlinesPlanes and carriers. Virgin Atlantic's IPO is approaching
It was already close almost a year ago
Richard Branson continues to stay on the crest of the wave. After the first space tourist trip in orbit with his Virgin Galactic (read also the article published by AVIONEWS), in the last few hours there... more
AirportsTibet inaugurates the region's largest airport terminal
Beijing's infrastructure investments continue
Tibet continues to be the ideal region for enhancing air transport. In the last few hours, the newly built terminal 3 of Lhasa-Gonggar airport has been opened, not a simple infrastructure (read also the... more
AirlinesTui unifies five aeronautical divisions in a single Group
Previous management entailed high economic costs
Tui, a German Group active in the tourism sector, has decided to unify its management in a more logical way. The latest move was to unify the five aeronautical companies with which it usually operates... more
AirportsFinal agreement to expand Barcelona Airport
Total economic investment of almost 2 billion
Government has decided that the “Josep Tarradellas” Barcelona-El Prat airport will be expanded in the coming months, a project that has been talked about for some time (read also the article published by... more
AirlinesAircraft. United Airlines will outsource catering operations
In October: partners of air carrier are still unknown
There are some signs, apparently secondary, that make it clear how much the air carriers are in difficulty at the moment. For example, in the last few hours United Airlines has made it known that it intends... more
Finance and economyFincantieri's BoD: 1H 2021 results approved
Total backlog at EUR 37 billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the Half year report at June 30, 2021, prepared in accordance with the international financial reporting... more
AerospaceLeonardo: BoD approved the results of the first half 2021
Back on growth path -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results of the first half 2021.Solid first half results, back on growth... more
AerospaceAirplanes and helicopters. Airbus reports H1 2021 results
297 commercial aircraft delivered in these six months
Airbus reports Half-Year (H1) 2021 results297 commercial aircraft delivered in H1 2021H1 financials reflect deliveries as well as continued efforts on cost containment and competitivenessRevenues € 24.6 b... more
AirlinesPlanes and carriers. Iberia relies on auction to sell long-haul tickets
Trend has been growing since the pandemic broke out
A particular trend that is increasingly gaining the upper hand. The air carrier Iberia is increasingly relying on the sale of tickets for its scheduled flights through auction. The Spanish media have begun... more
AirlinesITA: shareholders’ meeting approves capital increase
For EUR 700 million
The Shareholders' Meeting of ITA (Italia Trasporto Aereo), which met today, approved a capital increase of € 700 million, as proposed by the Board of Directors of the company. Today's resolution follows the... more
AirportsState aid. EC approves Italian scheme to compensate airports and ground-handling operators
For EUR 800m for the damage suffered due to the coronavirus outbreak
The European Commission has approved, under EU State aid rules, a €800 million Italian scheme to compensate airports and ground-handling operators for the damage suffered due to the coronavirus outbreak a... more
AirlinesAirbus vs Boeing for future ITA planes
Air carrier will increase aircraft by 2025
The debut of the ITA carrier (Italy air transport) also represents a very open challenge between Airbus and Boeing, as far as the fleet is concerned. The take-off is scheduled for next October and the... more
AirlinesAircraft and carriers. IAG asks EU more time for Iberia-Air Europa operation
Still doubts about the acquisition of the Spanish airline
International Airlines Group (IAG) has contacted the EU Commission in the last few hours to request more time regarding the acquisition of the air carrier Air Europa by another Spanish company, Iberia... more
AirlinesElectric aircraft, United Airlines acquires Heart Aerospace stake
It is expected to debut no later than 2026
Air carrier United Airlines has decided to focus its attention not only on the United States, but also on a European country. We are talking about Sweden, the Nation where a start-up with the “romantic” nam... more
Civil aviationStrong rise in stock market for Airbus after half-year deliveries
The goal to be achieved in 2021 is increasingly realistic
A respectable performance that recorded in the last few hours on the Stock Exchange by Airbus. The transalpine industry, in fact, gained 3.6 percentage points in Paris, touching the 113 Euro of quotation,... more
AirlinesAir carriers. Iberia close to 60% of pre-covid capacity
Demand and the increase in bookings are encouraging
The levels preceding the coronavirus pandemic, therefore those of 2019, are still quite far away, but the air carrier Iberia can look to the future with confidence. Its goal for the next few weeks is to... more
AirlinesEU, Vestager: "We support Italian Government on Alitalia tickets"
A solution must be found for flights of the old company
The European Commissioner for Competition and Executive Vice President of the EU Commission, Margrethe Vestager, has returned to talk in the last few hours on the issue relating to the air carrier Alitalia. According... more
AirportsPlanes. Tibet, construction of new airports continues with great rhythm
The focus is on better infrastructural connectivity
China continues to "bet" on Tibet. The autonomous region of the former celestial empire is in fact considered the ideal place to build infrastructures of all kinds (read also what published by AVIONEWS),... more
AirlinesPlanes and carriers. EC approves Italian aid measure to compensate Alitalia
For further damages suffered due to coronavirus outbreak
The European Commission (EC) has found that an Italian aid measure of €39.7 million to support Alitalia is in line with EU State aid rules. This measure aims at compensating the airline for the damages s... more
AirlinesPlanes. Saudi Arabia wants to create a new carrier
Aim is to diversify the economy beyond oil
Saudi Arabia is seriously thinking about the creation of a new airline, a flag carrier that would become an integral part of a much larger plan of the Asian Kingdom in terms of local infrastructure (not... more
AirlinesAirplanes and carriers. EU's doubts about Iberia-Air Europa deal
Brussels launched a formal investigation into the takeover
The European Commission wants to see clearly about the acquisition of the Spanish airline Air Europa by another company from the same country, Iberia. In fact, in the last few hours, the investigation... more
AirlinesUnited Airlines expands fleet with 270 new planes
Both Airbus and Boeing: it's the largest order in its history
Air carrier United Airlines has made it known in the last few hours that it has completed an order for 270 planes, to be precise both Airbus and Boeing (read also the article published by AVIONEWS). For... more
AirportsChina, Chengdu-Tianfu airport begins operations
It will handle an annual flow of 60 million passengers
Yesterday, Sunday June 27, 2021, the Chengdu-Tianfu International Airport officially began its commercial operations, a highly anticipated moment for the Chinese air transport sector (read also the article... more
AirportsUSA: 1,200 billion dollars plan for airports, railways and roads
President Biden's announcement on Twitter
The latest announcement from the White House suggests a maximum infrastructure investment plan. As US President Joe Biden explained through his Twitter account, the country is preparing to experience a... more
AirlinesDelta Air Lines looking for over a thousand new aircraft pilots
American carrier recruiting campaign
Almost two percentage points earned on the stock market and just under $ 46 of economic value for what concerns the equities. These are the financial consequences of the recruiting plan of the air carrier... more
Civil aviationNext Generation EU: EC endorsed Italy's recovery and resilience plan
For EUR 191,5 bn
The European Commission has yesterday adopted a positive assessment of Italy's recovery and resilience plan. This is an important step towards the EU to disbursing €68.9 billion in grants and €122.6 bil... more
AirportsGreece, new measures for people arriving at the airport
Quick covid test will be considered valid for disembarking
Summer officially began today, Monday June 21st, 2021, and there are not a few nations that are looking with extreme interest to the hottest season of the year to revive the domestic economy. A clear example... more
AirlinesAssoutenti: "Air carriers have monetized covid fears"
Association survey on recent tariff policies
Assoutenti, association for the protection of consumers, information activities, social solidarity and protection of civil rights, consumer education, conducted a survey on the rates charged by the main... more
AirlinesAir carriers. Lufthansa will return state aid by September
The promise of CEO Carsten Spohr
Air carriers all over the world are not equipped with lungs, but everyone is confident in this period in a breath of fresh air. Lufthansa is a clear example of this. Carsten Spohr, managing director of... more
AirportsAci Europe. Airport financial stress and investment crunch call for regulatory revamp
The analysis during Airport Economics Symposium of today
Systemic financial weakness across Europe’s airport industry will result in an investment crunch with far reaching consequences for decarbonisation, consumers, businesses and regional communities across t... more
Civil aviationPlanes. Airbus and Boeing withdraw their mutual cross complaints
Dispute concerns US and EU customs duties
In the last few hours, the European Union and the United States have announced a five-year truce to resolve once and for all a long-running conflict that has to do with the aeronautical industry, the one... more
AerospaceBlue Origin mission, $ 28 million after first flight auction
An unknown person won last seat
A passenger seat that could not fail to cost a significant amount. The mission that will have as main protagonist Jeff Bezos, founder and number one of the e-commerce portal Amazon, one of the richest... more
AirlinesLufthansa's proposal for an alliance with ITA
Three main requests from the German carrier
There are basically three pivots in the proposal of the air carrier Lufthansa for a successful partnership with Ita (Italy air transport). The two companies have often been associated in the same news... more
AirportsParis airports employees ready to strike in July
Unions ask for five days of demonstration
French trade unions are very angry in relation to air transport: the request of the local unions is that of a five-day strike in the course of next July, as part of the negotiations concerning the country's... more
AirportsAutogrill Group: results for the four months 2021
New openings at airports in North America
The Board of Directors of Autogrill SpA, which convened today, reviewed and approved the consolidated revenue performance for the four months ended 30 April 2021.30 April 2021 results YTDRevenue: €530.7m (... more
AirlinesAircraft. Walsh (Iata): "Carriers will become smaller"
President believes in the competitiveness of the sector
Willie Walsh, number one of Iata (International Air Transport Association), released today, Monday May 24, 2021, a television interview in which he spoke, as was inevitable, of the air transport of the... more
AirlinesITA, agreement between Rome and Brussels is closer
Aircraft fleet and personnel are the two crucial points
The actual agreement does not exist yet, but a minimum of optimism is filtering out on the ITA (Italy air transport) carrier, which is still struggling to take off. The agreement with Brussels has not... more
AirlinesAircraft and airlines. The debut of Play, new Icelandic carrier, is approaching
It will take over from Wow Air
More than two years have passed since the carrier Wow Air decided to cease its operations (read also the article published by AVIONEWS). Iceland wanted to focus on a top-level low-cost company, it is a... more
Finance and economyLeonardo: how will the Italian Government take sides in the assembly against Profumo?
The domain of appointments starts from the company
Tomorrow, on Wednesday May 19 could become a historic date for Leonardo. The shareholders' meeting gathers and there are already those who speak of "high noon". Guns aimed at Alessandro Profumo: by now... more
AirlinesRyanair reports full year loss of EUR 815 million
As traffic falls 81% due to Covid-19 travel restrictions
Ryanair Holdings plc today (17 May) reported a full year loss of €815m (excl. hedge ineffectiveness), compared to a PY profit of €1,002m. Features of FY21 included:FY21 traffic fell 81% from 149m to 27.... more
Finance and economyFincantieri: BoD approves 1Q2021 results
Total backlog at Euro 34.4 billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at March 31, 2021.Consolidated Q1 2021 results2021 guidance confirmed:... more
AirlinesIta, negotiations with EU are still stalled
Two weeks from Vestager appeal
When it's necessary thinking of a recurring word that accompanies the updates relating to the air carrier Ita (Italy air transport), “stall” immediately comes to mind. In fact, negotiations with the Eur... more