Finance and economy
3,073 news found
![European Union flag](https://avionews.it/resources/small/928ee3d9d14274b1573a95fdb33cb35f.png.webp)
AirlinesEU, other 6 months for State aid: situation of air transport
The deadline is set for June 30, 2021
Other six months, then we'll see: the last-minute decision of the European Union on State aid could be summed up with these few simplistic words. Margrethe Vestager, number two of the EU Commission with... more
![A-330neo airplane of TAP Air Portugal](https://avionews.it/resources/small/7296adf3c4e8c01b1102bb6854bcb5d3.jpg.webp)
AirlinesPlanes. Tap Air Portugal restructuring plan in November
Government will hand it over to Brussels
A fact that certainly will not please the low-cost airline Ryanair: the latter did not like the state aid granted to Tap Air Portugal (read also the article published by AVIONEWS), but Lisbon is ready... more
![McDonnell Douglas MD-11 Delta Airlines take off](https://avionews.it/resources/small/7262d219b2a15277913bdb833ec841c6.jpg.webp)
AirlinesDelta Airlines (2), carrier confident on passenger increase
CEO Bastian believes in slow and progressive recovery
Consistent losses and moderate confidence in the increase in passengers. American carrier Delta Airlines has to deal with the 5.38 billion dollars lost during third quarter of this year (July-September... more
![B-737 airplane of China Eastern Airlines in an index photo](https://avionews.it/resources/small/5c55f34c3e290ae2bf03dba277e464b3.jpg.webp)
AirlinesChina Eastern Airlines, nearly $ 5 billion in aid
Asian carrier reported heavy losses
Almost $ 5 billion. This is the amount that is about to be paid to Asian airline China Eastern Airlines (read also the article published by AVIONEWS); this sum of money is equal to 4.6 billion to be precise,... more
![Delta Air Lines aircraft](https://avionews.it/resources/small/98c1c6bd02365b269eeccaf899a309c3.jpg.webp)
AirlinesDelta Air Lines announces September quarter financial results
The carrier ended the period with $21.6 billion in liquidity
Delta Air Lines reported yesterday financial results for the September quarter 2020.September quarter financial results Adjusted pre-tax loss of $2.6 billion excludes $4.0 billion of items directly related... more
![Logo Airbus](https://avionews.it/resources/small/4f81f5cd343067cfb20f816be491917f.jpg.webp)
Civil aviationAirplanes (2). WTO to authorise tariffs on $4 billion of US exports to the EU
In the Boeing subsidies case
The WTO (World Trade Organization) has announced its decision that the European Union (EU) will be authorised to impose tariffs on USD 4 billion of US goods exported to the European Union every year. This... more
![WTO logo outside HQ](https://avionews.it/resources/small/f5c184c31de8b6e9ab2aaa9b3a6c06f8.jpg.webp)
Civil aviationAircraft. WTO arbitrator issues decision in Boeing subsidy dispute
On the level of countermeasures the EU may request with respect fo the USA -ATTACHMENT
On 13 October, a WTO (World Trade Organization) arbitrator issued its decision on the level of countermeasures the European Union may request with respect to the United States in “United States — Measures Aff... more
![Planes in airport](https://avionews.it/resources/small/9b7b8851e2eb5e2a6fdbcf3c8048d3b7.jpg.webp)
AirportsAircraft, transport and covid. New Italy's law, measures of Government
Text was launched in the last hours - ATTACHMENTS
Italian Prime Minister, Giuseppe Conte, and Minister of Health, Roberto Speranza, signed the law with new measures to combat the contagion from COVID-19. There are several measures that have to make with... more
![Norwegian Air aircraft](https://avionews.it/resources/small/201bdd9c6052f1b46a63ddb66dfac2fd.jpg.webp)
AirlinesCarriers, Norwegian Air Shuttle layoffs in London
Employees at risk are those at Gatwick Airport
Rescue of the Scandinavian airline Norwegian Air Shuttle is still a complex matter (read also the article published by AVIONEWS); meanwhile, the same company chooses a very specific path in order not to... more
![External view of Milan-Linate Airport](https://avionews.it/resources/small/a657ad4ec5c0de754188be288934fcaf.jpg.webp)
AirportsMilan mayor Sala: "Italy should help management companies, not only Alitalia"
He spoke during Assolombarda assembly
Mayor of Milan, Giuseppe Sala, spoke this morning, Monday 12 October 2020, on the occasion of the Assolombardia assembly. The association event was organized at Linate airport and the Milanese mayor took... more
![Alex Cruz, former CEO of British Airways](https://avionews.it/resources/small/89aea3a2ddc7a845598d228ee2a7e708.jpg.webp)
AirlinesCruz resigns as British Airways CEO, for IAG it is the worst crisis ever
The new manager will be Sean Doyle
The decision is official, today, Monday October 12, 2020, resignation of Alex Cruz from the role of CEO of the British Airways carrier was announced. In his place will be Sean Doyle, current CEO of Aer... more
![Polyurethane in airplane](https://avionews.it/resources/small/6d20d5c5bb173926331e7bb4cc0e141b.jpg.webp)
Civil aviationThe great rise of polyurethane in air transport
Foam is used more and more frequently in components
Microcellular polyurethane: this seems to be the future of air transport components, in particular as regards aircraft interiors. A very recent report by Allied Market Research has highlighted how this... more
![Speaker of Us House, Nancy Pelosi](https://avionews.it/resources/small/7abdf5bef741c4ae018591d72e6344df.jpg.webp)
AirlinesUSA, Nancy Pelosi: "No targeted aid for carriers"
President Trump called for new federal support
In recent days, American President Donald Trump was clear about national air transport: airlines must be supported with new federal aid (read also the article published by AVIONEWS), even if the speaker... more
![One of Thomas Cook offices](https://avionews.it/resources/small/d9b0317ef00b5719a74d637b62dc9fc6.jpg.webp)
AirlinesNo Ryanair packages from Thomas Cook: "Not flexible with refunds"
Tour operator came back after one year as on-line brand
British tour operator Thomas Cook Group is ready to return to operation as on-line brand exactly one year after sensational bankruptcy, but not all relations with air transport are idyllic and promising.... more
![Juneyao Airlines air carrier](https://avionews.it/resources/small/ffaa9a0de11cd4f8c0a2cf8ac9083e06.jpg.webp)
AirlinesNew routes to encourage China-Finland trades
Zhengzhou and Helsinki will be served by Juneyao Airlines
As announced by Chinese media, Asian country and Finland are destined to be increasingly connected thanks to air transport after officialization of the new routes. Starting from October 12, therefore in... more
![International airport of Cape Town, South Africa](https://avionews.it/resources/small/dd818dd59e2365e66884fdb097b5362b.jpg.webp)
AirportsSouth Africa, no visa required for tourists of 11 countries
Air passengers do not need to present certificates
An attempt (for some people, desperate) to favor national tourism: South Africa announced in recent hours that it wants to open foreign citizens from 11 countries without a visa to enter the national territory.... more
![Donald Trump](https://avionews.it/resources/small/aaa5a6b95f086d0d09f375e3589edfaf.jpg.webp)
AirlinesDonald Trump: "Congress must approve new aid for air transport"
American President asked it in a tweet
First day of work after his discharge from the hospital was spent tweeting for Donald Trump, a social network that American president uses very often. One of his messages focused attention on air transport,... more
![Front view of an Airbus A-320/200 of AirAsia](https://avionews.it/resources/small/e2a9b8c49e1e979849d016cf684b78ac.jpg.webp)
AirlinesAirAsia announces end of air links with Japan
Airline will no longer operate in Asian Nation
An important and strategic country to reluctantly give up: AirAsia, low-cost airline operating in the continent from which it takes its name, decided to suspend its operations in Japan with immediate effect.... more
![B-737 MAX](https://avionews.it/resources/small/b7f95652749e09411a9cc9298f10c666.jpg.webp)
AerospaceBoeing forecasts challenging near-term aerospace market
Near-term industry challenges impact demand for commercial airplanes and services
Boeing released yesterday its annual forecast for the commercial and defense aerospace market, reflecting the impact of the COVID-19 pandemic and industry's view of near-, medium- and long-term market... more
![Airport duty-free managed from Dufry](https://avionews.it/resources/small/8e63fd2b970a15741d5bc7690b818f87.jpg.webp)
AirportsAirports, Alibaba-Dufry agreement on travel retail
It aims to develop this business in China
As reported by Chinese media, on Monday October 5, 2020, an important joint-venture involving Alibaba and Dufry was signed. First Group is famous for its technological services and electronic commerce,... more
![EasyJet airplanes on apron of an airport](https://avionews.it/resources/small/e98d9ad1bf25827fa167f6facc2cbf34.jpg.webp)
AirlinesPlanes, easyJet announces layoffs in Switzerland
Total aircraft should also drop
Low-cost airline easyJet's employment cleaver is as sharp as ever. The decision adopted in Switzerland cannot be explained otherwise, specifically the 70 fewer jobs that have been made official with the... more
![Ryanair plane during a take off](https://avionews.it/resources/small/75d209ad01e68da3dcfd16377f86c5c2.jpg.webp)
AirlinesPlanes. Ryanair intends to acquire 150 B-737 Max
This order could be completed by December
According to Irish media, low-cost airline Ryanair would be very close to completing an order that includes an undefined number of B-737 Max. The exact figure should be between 150 and 200 aircraft; this... more
![Airplane and Covid-19](https://avionews.it/resources/small/4939ea234ec32ba820d3fce3f0ce6801.jpg.webp)
AirlinesIATA: looming cash crisis threatens airlines
Sector wide action needed -ATTACHMENT
The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute),... more
![One of A-321 planes of Lufthansa](https://avionews.it/resources/small/14e376cdfca3de9a3a8ba2878ba3bb7a.jpg.webp)
AirlinesPlanes. Spohr (Lufthansa CEO): "We still burn too much cash"
The situation of Deutsche carrier remains delicate
An impressive pace: the “speed” with which the Lufthansa carrier is literally burning millions upon millions cannot be defined in another way (read also the article published by AVIONEWS). Even the man... more
![Flag carrier Philippine Airlines](https://avionews.it/resources/small/dda7a7f4843b34d3016354c2b23c062e.jpg.webp)
AirlinesPhilippine Airlines ready to cut 35% of the workforce
Asian country is among the most affected by coronavirus
It's an experience: certainly Philippine Airlines cannot use its motto to describe the latest employment choices (read also the article published by AVIONEWS). Philippines flag carrier made it known through... more
![A Boeing B-737/800 aircraft of Southwest Airlines](https://avionews.it/resources/small/1a8ecf161eb64ae3efbc7bf6620034f2.jpg.webp)
AirlinesKelly, Southwest Airlines CEO, could forgo salary
Unpaid wage would last through 2021
An unpredictable first time: Southwest Airlines decided to approach the positions of unions and agree on a series of cost cuts, a fact that has never happened in the history of the company that lasted... more
![A-321Neo airplane of BOC Aviation](https://avionews.it/resources/small/d5dc0fbec45521eff04cb4a249f9853e.jpg.webp)
AirlinesBoc Aviation: operation data for the 3Q2020
Transactions summary
BOC Aviation Limited announces today its operational transactions for the third quarter ended 30 September 2020.Transactions summary A total fleet of 555 airplanes owned, managed and on orderAn average... more
![Boeing B-787 Dreamliner of Aeromexico](https://avionews.it/resources/small/1ca41fa223234d15e16b3a04057c7f02.jpg.webp)
AirportsMexico announces new airport to support economy
The chosen location is that of Tulum
Air transport can support the economic recovery of a country: it has often been repeated in these difficult moments in which it is necessary to cope with the health emergency of covid-19 and an important... more
![A Boeing B-737 MAX 8 aircraft of Norwegian Air park in an airport](https://avionews.it/resources/small/f18440f41c4c323a7ce3284b533a852c.jpg.webp)
AirlinesPossible temporary nationalization for Norwegian Air Shuttle
It wouldn't be the first time for a carrier
Nationalization, temporary but still nationalization. For the carrier Norwegian Air Shuttle we should focus on this solution, as leaked in the last hours, a temporary assumption of control that should... more
![Javier Sánchez-Prieto named Iberia’s new executive chairman](https://avionews.it/resources/small/2f3233d540cb72b3e936b30f14cc46d1.jpg.webp)
AirlinesPlanes. Sanchez-Prieto (Iberia): "Pandemic gives us no respite"
Manager recognized the carrier's difficulties
An all too sincere speech: Javier Sanchez-Prieto, CEO of the Spanish carrier Iberia, acknowledged the difficult situation of the same company in this complicated historical period. The airline's CEO sent... more
![B-787 Dreamliner of Lot Polish Airlines](https://avionews.it/resources/small/5e67b71c78d02b3f2c8889f7e97ce8ff.jpg.webp)
AirlinesIs it close the birth of a Central European Aviation Group?
Rumors become more insistent
Poland, the Czech Republic, Hungary and Slovakia. These are the nations on which attention is being focused as regards the birth of a new civil aviation group. They are not countries mentioned at random:... more
![Two Jet Airways aircraft in an airport](https://avionews.it/resources/small/8c2bd351327939457aaa3d9f001073ce.jpg.webp)
AirlinesJet Airways, final stages for insolvency process
A legal question had to be resolved
Exactly a year and a half: a long time passed since all the flight operations of Indian airline Jet Airways ceased definitively (read also the article published by AVIONEWS). In the last few hours, a legal... more
![Airplane in flight of Turkish Airlines](https://avionews.it/resources/small/8b3784a1eea8323a7c6bb7e3e475fac3.jpg.webp)
AirlinesTurkish Airlines, debt of 14 billion dollars by December
Carrier has to deal with the latest losses
A heavy debt to be managed by the end of 2020: carrier Turkish Airlines certainly cannot claim to be in good health, given that 14 billion dollars to be faced over the next three months are worrying and... more
![Next Generation 737-800s of Ryanair](https://avionews.it/resources/small/b551d52d8f1e76eccd808d07207fa8b2.jpg.webp)
AirlinesMore Italy and less Ireland for Ryanair flights
Low-cost carrier is at odds with Dublin
Less Ireland and more Italy: this seems to be the attitude of the low-cost airline Ryanair, which intends to expand its network of connections in our country with 17 weekly flights and five routes departing... more
![South African Airways A-350/900](https://avionews.it/resources/small/dc7b003149f0affdf15228e79d32f801.jpg.webp)
AirlinesPlanes. South African Airways suspends all operations
Funds for restructuring are still lacking
A paradoxical situation to say the least: South African Airways, flag company of African Nation, has been in economic difficulties for some time and the proposals for the rescue have not had any follow-up... more
![A-350/900 ULR airplane of Singapore Airlines take off](https://avionews.it/resources/small/677a25140d9a71639309040a2523abeb.jpg.webp)
AirlinesSingapore Airlines cancels flights "to nowhere"
Carrier was accused of polluting too much
In Australia they had a great success, in Singapore instead the failure was inevitable: we are talking about the so-called flights "to nowhere". Qantas, Australian national airline, achieved great results... more
![Rolls-Royce plant](https://avionews.it/resources/small/406c9232ee150207899d379a7df9cf1a.jpg.webp)
AirlinesAviation crisis, 5 billion pounds for Rolls-Royce
Recapitalization plan for industry
Bond and stock market represent one of the last resources that Rolls-Royce wants to draw on to tackle the crisis in the aviation sector linked to the Covid-19 pandemic (read also the article published... more
![B-787/8 Dreamliner airplane of American Airlines](https://avionews.it/resources/small/616f6953684db3ead5831b3f10f3aa8d.jpg.webp)
AirlinesAmerican Airlines, 19,000 job cuts
Carrier announced it in the last few hours
"The new American is arriving": the motto of carrier American Airlines is clear, too bad that something else has arrived in the last few hours. As announced yesterday, on Wednesday September 30, 2020 by... more
![Guangzhou-Baiyun international airport](https://avionews.it/resources/small/86f9a8724b85c89b3ebbd2f4ac301b79.jpg.webp)
AirportsChina, new expansion for Guangzhou-Baiyun airport
It will encourage the development of Greater Bay Area
An important airport expansion: Chinese international airport of Guangzhou-Baiyun (Baiyunport) will become even bigger in the future thanks to the expansion project that the media of the ex-celestial empire... more
![One of British Airways B-747/400 flying from London-Heathrow Airport](https://avionews.it/resources/small/d997a91ad41bfecdedc2fc25746557fd.jpg.webp)
AirlinesBritish airlines worried about "holiday tax" increase
Single passenger fares are about to change
A fare increase that should not be underestimated: UK government is serious about increasing duties provided for each passenger who traveled by plane, a move that took carriers off guard in the face of... more
![Thai Airways Boeing B-777/200](https://avionews.it/resources/small/f30e3b5fd7eb7b5aa87de38607710be1.jpg.webp)
AirlinesThailand ready to welcome foreign passengers
More air links will be authorized from October
Thailand reopens its borders. Asian Nation made it known through its covid-19 management center that it will soon be possible to authorize the access of a larger number of foreign citizens to its territory.... more
![United Airlines Boeing 767-300](https://avionews.it/resources/small/fca4c8ba708b98a2be5e3d332afb6452.jpg.webp)
AirlinesUnited Airlines, pilots avoid layoffs
Flight attendants and mechanics are still at risk
The agreement was reached and for the moment layoffs have been avoided. In the last few hours, carrier United Airlines found the decisive agreement with trade unions and pilots to prevent loss of jobs,... more
![A Boeing B-737 MAX 8 aircraft of Norwegian Air park in an airport](https://avionews.it/resources/small/f18440f41c4c323a7ce3284b533a852c.jpg.webp)
AirlinesPlanes, Norwegian Air Shuttle is closer to nationalization?
Scandinavian government is in talks with managers
One of the many ways to go, perhaps the safest at the moment: Oslo government is seriously considering nationalizing Norwegian Air Shuttle, as reported in recent hours by the Scandinavian media (read also... more
![Swiss Air Force fight planes](https://avionews.it/resources/small/eefe881ee143d1d19a99660d2857e37c.jpg.webp)
DefenseSwitzerland, voters approve increase in military aircraft
Yes prevailed for just under 10 thousand ballots
Yesterday, on Sunday 27 September 2020, Swiss citizens expressed their opinion on the increase in military aircraft (read also the article published by AVIONEWS). Swiss voters were asked to answer the... more
![A Qantas plane on the runway](https://avionews.it/resources/small/6a7f5a3ef8fc2681e9d5dcc1ad873f8b.jpg.webp)
AirlinesAustralia increases economic aid for air carriers
Plans for all national routes were renewed
“Advance, beautiful Australia”: hymn of the Oceanian nation speaks clearly and the Canberra government could not fail to take adequate measures to advance the air transport sector. It is no coincidence tha... more
![Diarmuid O' Conghaile](https://avionews.it/resources/small/0ab30ed73b8cb45b6df03d82e8f4d32a.jpg.webp)
AirlinesIreland. Appointment of new IAA leader doesn't convince
Diarmuid O'Conghaile will shortly manage the Irish Aviation Authority
A "very fresh" appointment that is immediately debated: to lead IAA (Irish Aviation Authority), Irish authority that regulates the country's aviation, Diarmuid O'Conghaile, current CEO of airline Malta... more
![One of B-777/300ER of Air France](https://avionews.it/resources/small/eabd0f497b4ae169a807d24e270cfb4d.jpg.webp)
AirlinesAir France/trade union agreement for 3640 voluntary exits
Carrier proposed this alternative to dismissal
An important reduction in ground crew: transalpine carrier Air France recently concluded an agreement with trade unions regarding the so-called "employment protection plan". This agreement was reached... more
![Plane of Israeli air carrier El Al](https://avionews.it/resources/small/23f4a7daf2640245b45c1040e19a904d.jpg.webp)
AirlinesPlanes. El Al rejects offer to buy shares of Eli Rozenberg
In this financial operation he works on behalf of his father, who is not an Israeli citizen
His father is not an Israeli citizen and the acquisition of shares in the air carrier is not possible: this is the reason with which El Al decided to reject the offer for purchasing a substantial share... more
![Airport "Fiorello LaGuardia" of New York](https://avionews.it/resources/small/e6bb81fed7e71c868888a21f8f35a717.jpg.webp)
AirportsUSA allocates 335 billion dollars for 80 airports
This plan is aimed to improve airport safety
Yesterday, on Thursday 24 September 2020, secretary of American Department of Transport, Elaine Lan Chao, formalized the allocation of 335 million dollars in favor of country's airports. These are grants... more
![An-32 plane of Peru](https://avionews.it/resources/small/c6c5c00555ff660688ea2d4eeb8e6b75.jpg.webp)
DefensePeru. New military transport planes could be Russian
They could replace Antonov An-32
It could be Russia to make military transport aircraft available to Peru that will in all probability replace aircraft currently supplied. The Fuerza Aérea del Perú, the South American country's air f... more