Finance and economy
3,201 news found
AirlinesAirplanes. Iberia-Air Europa agreement could be formalized in the Summer
Still some obstacles for both carriers
A few more months and the agreement for the acquisition of the carrier Air Europa by Iberia will be finalized. Spanish air transport was characterized by a very intense start to the year from the point... more
Finance and economyLeonardo: effectively managing COVID-19; BoD completed an initial review of performance
Continued robust response to pandemic
Leonardo's Board of Directors (BoD) completed an initial review of FY 2020 expected performance. The review showed that the Group has performed well in the fourth quarter, delivering on its expectations.The... more
AirportsEuropean airports urge revision of "wholly inadequate” State aid rules
As new forecast shows airports and tourism in systemic collapse
European airports and tourism organisations have made an urgent appeal for changes to the EU’s COVID-19 State aid framework, arguing that without it these collapsing industries will suffer irreversible d... more
AirlinesCarriers and planes. Delta Air Lines: December quarter financial results
And Full Year 2020
Delta Air Lines yesterday reported financial results for the December quarter and full year 2020. December Quarter Financial Results Adjusted pre-tax loss of $2.1 billion excludes nearly $1 billion of i... more
AirlinesUS DoT authorizes American Airlines-JetBlue agreement
Both carriers will sell various pairs of slots
A much-awaited green light that arrived in the last few hours: there are no longer any obstacles to the industrial and strategic alliance involving the carriers American Airlines and JetBlue Airways, given... more
AerospaceEIF announces investment to promote innovations into the space sector
For EUR 300 million
The European Investment Fund (EIF) is partnering with the European Commission, to announce €300 million of investments into the EU space sector, supporting ground-breaking innovation in the industry.During t... more
AirlinesAlitalia-Ita, Brussels confirms discussions with Italian authorities
About 100 knots to untie on the air carrier
According to Oscar Wilde, believing is monotonous, while doubt is much more exciting. The European Commission could also have reasoned in this way, which has more than one perplexity about the industrial... more
Civil aviationB-737 MAX aircraft. Boeing reaches agreement with Department of Justice
It will pay a penalty and provide additional compensation to the families of those lost in two accidents
Boeing announced yesterday that it has entered into an agreement with the US Department of Justice (DOJ), which resolves the Department’s investigation into the Company relating to the evaluation of t... more
Finance and economyLeonardo: financial calendar 2021
Th events planned in March, May, July and November
Leonardo informs that the annual calendar of corporate events for the year 2021 is as follows:Tuesday 9 March, Board of Directors: Draft Annual Report for 2020;Thursday 6 May, Board of Directors: results... more
AirlinesAir carriers: easyJet sells tickets until 2022
The goal is to increase liquidity
Yesterday, Tuesday December 15, 2020, the low-cost air carrier easyJet decided to put its entire travel plan on sale until March 2022. It had never happened before, particularly the company had never done... more
DefenseLeonardo: financing in order to fund investments in technological development
For EUR 200 million from the EIB
The loan will be focused in four main areas more
Civil aviationH55 has secured funding from existing and new investors
To complete the certification of its electric propulsion system
H55 has secured CHF 20 million from existing and new investors, as well as through the grant received by the Canton of Valais. This funding, led by Silicon Valley based firms, +ND Capital and Tippet Venture... more
Civil aviationEmbraer: new 10-year market outlook identifies trends influencing the industry
The global pandemic is causing fundamental changes
Embraer’s newly published 2020 Commercial Market Outlook examines passenger demand for air travel and new aircraft deliveries over the next 10 years with special emphasis on Embraer’s product segment - a... more
AirlinesTap Air crisis between layoffs and planes to sell
The carrier will send 3600 employees home
Unfortunately, the coronavirus does not forgive: it does not with people, as we have been realizing for many months, and not even with companies. In the field of air transport, the carrier Tap Air Portugal... more
AirlinesA new capital increase is expected for All Nippon Airways
Carrier's balance sheets are not reassuring
Capital increase is the solution that the Japanese air carrier All Nippon Airways believes most useful in addressing the current crisis triggered by the coronavirus pandemic. It is not even the first ever... more
AirlinesAir carriers. Qantas will lay off another two thousand employees
These are the workers in the handling sector
Not just vaccines: Australian carrier Qantas has made headlines in the last few hours for the decision to allow only passengers who will prove to have vaccinated against Covid-19 to board the aircraft,... more
AirlinesAir Canada closer to bankruptcy?
The losses are constant for the carrier
Going far: slogan chosen with pride to make it clear how far-sighted its commercial policy was did not bring much luck to the airline Air Canada. According to what was leaked in recent hours, the North... more
AirlinesAlitalia, Brussels close to decision on State aid
EU Commissioner Vestager spoke about it
Dossier relating to the carrier Alitalia-Ita (Italy air transport) is getting closer: the date of December 11st is practically around the corner as regards the industrial plan and in the In the last few... more
Finance and economyNordic Unmanned: private placement to become publicly listed drone operator in Europe
Among its customers there are EMSA, Norwegian Armed Forces and UK MoD -VIDEO
Nordic Unmanned, an European provider of drone systems and services, is contemplating a private placement and listing on Euronext Growth Oslo in order to finance expected strong growth and international... more
AirportsAirports in Norway: 3Q strongly affected by the pandemic
There will be a need for capital injections beyond what has already been implemented
Avinor's result and solvency will be strongly negatively affected by the corona pandemic in 2020, and there will be a need for capital injections beyond what has already been implemented. The company has... more
Finance and economyFincantieri awarded with financial communication prize "Oscar di bilancio"
The award is assigned annually; event was livestreamed
Fincantieri was awarded the 2020 “Oscar di Bilancio” financial communication award, the long-standing prize promoted and organized by Ferpi (Italian Federation of Public Relations), which, for over fif... more
AirportsConstruction of a new Daxing airport area approved
The Beijing airport was inaugurated just over a year ago
After more than a month, it's time to talk about the Beijing-Daxing International Airport (read also the article published by AVIONEWS). After the choice of this airport of Asian country by an important... more
AerospaceLeonardo: "roller coster" on Stock Exchange
Profumo still bolted to the chair
Leonardo stock is recovering. On October 30, 2020 it reached its minimum of 4.06 euros, on November 20, 2020 it is at 5.7 euros. It has seen better times, of course (a year ago it was at 11.9 euros, for... more
AirlinesSpanish Government ready to split Air Europa carrier
For each division there will be a separate board of directors
Three is the perfect number par excellence, but it must not have been the main reason that led Spain to divide airline Air Europa into three different segments, which has been talked about more and more... more
AirlinesHong Kong, Greater Bay Airlines looking for planes
Asian new carrier could debut in 2021
New and also able to attract a lot of curiosity: Hong Kong is getting closer and closer to the launch of the Greater Bay Airlines airline, which we have been hearing about for some time and which could... more
AirlinesBrussels approves Slovenian subsidies for air carriers
Financial support is in line with EU rules
European Commission said yes to the economic program launched by Slovenia to support air carriers flying in the skies of this country. We are talking about 5 million euros to support a sector that is in... more
CargoChina strongly believes in the "aerial" Silk Road
Airlines have great potential in this regard
A Silk Road of the skies: this is the project in which China believes with great conviction, so much so that it speaks extensively of "Aerial Silk Road" as a strategy for relaunching the domestic economy.... more
Finance and economyFincantieri: the BoD approves 9M 2020 results
100th cruise delivered -ATTACHMENT
Total backlog fully preserved at EURO 36.8 billion more
AirlinesAlitalia-ITA, first official air carrier board concluded
There will be another one next November 20th
A lot of waiting, a sensational delay and finally the first Board of Directors (BoD). Yesterday, on Thursday November 12nd, 2020, the first board of directors of the carrier Alitalia-ITA (Italia Transportation... more
AirlinesCarriers. Thai Airways seeks buyers for unsold goods
These products were used on board
Reinventing: this may be one of the watchwords that the international airline industry must make its own at the time of the coronavirus. The Thai Airways carrier seems to be at the forefront, as evidenced... more
Civil aviationAircraft. Embraer: 3Q2020 results
The highlights
Embraer unveiled today the results in the 3rd quarter of 2020.The highlights are: the company delivered 7 commercial jets and 21 executive jets (19 light / 2 large) in 3Q20, and the Company’s firm order ba... more
AirlinesIATA: airlines and workers call for urgent Government assistance
To prevent jobs catastrophe
The International Air Transport Association (IATA) and the International Transport Workers’ Federation (ITF) issued a joint statement calling for urgent government intervention to prevent an employment c... more
AerospaceLeonardo's Board of Directors: results at 30 September 2020
Positive and effective management in response to the pandemic; strong financial position -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results at 30 September 2020.Results at 30 September 2020Successfully and... more
AirlinesCarriers, Wizz Air optimistic: "Recover in a year"
CEO Varadi is sure to return to pre-covid levels
The period we are experiencing is complex, it is not even clear what will happen in 24 hours, yet low-cost airline Wizz Air is confident about what will happen in exactly twelve months (read also the news... more
AirlinesAlitalia, over one billion losses in 2020?
Numbers refer to the "old" carrier
One billion Euros: these are the estimates put in black and white today, Thursday November 5, 2020, by newspaper “Sole 24 Ore” regarding the losses that Alitalia could report during 2020. The year wil... more
AirportsEuropean airports set out plan for urgent EU and Government support
As financial crisis worsens
ACI EUROPE today called on the European Commission to urgently adopt an EU Recovery Framework for Aviation and for Governments to provide the requisite funding to support airports - and the recovery of... more
Finance and economyItalian Customs and Monopoly Agency. AVIONEWS interviewed Minenna and Zucchini
Both were in Genoa during "60th Boat Show" - VIDEO
During "60th Genoa Boat Show", AVIONEWS interviewed two key-people of Agenzia delle Dogane e Monopoli (Italian Customs and Monopolies Agency), general director Marcello Minenna and Interregional Director... more
AirlinesAircraft. Lufthansa Group: 3Q2020 results
And the data of the nine months of this year
Lufthansa Group reported results of the third quarter 2020.The highlights are:Liquidity of EUR 10.1 billion available, of which EUR 6.3 billion are unutilized stabilization measuresOngoing strong performance... more
AerospaceProfumo: "smell" of resignation
Tomorrow's Board of Directors could be the last for Leonardo's CEO
It will be an incandescent Board of Directors the one convened in videoconference tomorrow, on Thursday November 5, 2020 at 5:30 pm. Leonardo's board meets with the stock market closed, but on the table,... more
AirlinesAirplanes and carriers, KLM pilots accept salary reduction
Unions found the decisive agreement
Unavoidable cuts: even air carrier KLM Royal Dutch Airlines has to deal with the crisis triggered by the coronavirus pandemic (read also the article published by AVIONEWS) and its employees are forced... more
AirlinesFraport Group: first nine months 2020
Frankfurt Airport’s passenger decline expected to exceed 70% for full-year
During the first nine months of 2020, Fraport AG’s financial performance was severely impacted by the Covid-19 global pandemic. The Group’s revenue declined by more than a half in the reporting period. Des... more
AirlinesAirplanes and carriers, Iberia and Vueling savings thanks to Erte
This system allows both to make employees work less
About 35 million euros would be saved every month by two Spanish carriers, specifically Iberia and Vueling, thanks to the latest measures that have affected employment (read also the article published... more
DefenseLeonardo: Alessandro Profumo is surrounded
He's focusing on hi-tech but Leonardo stock is at its lowest in five years, € 4 per share
The tsar is surrounded. Not only the voices for the resignation of Alessandro Profumo as CEO of Leonardo are increasing, even the stock market share seems not to comfort him. Does that market to which... more
AirlinesQantas-American Airlines, joint-venture extended until 2026?
Both carriers want to renew the partnership
Other five years: this is the goal that air carriers Qantas, the Australian national airline, and American Airlines would aim for to extend the strategic partnership expiring in 2021 (read also the article... more
AirlinesRyanair reports H1 results
The highlights of this period
Ryanair Holdings plc today (2 Nov.) reported a H1 loss of €197m, compared to a PY H1 profit of €1.15bn. Highlights of this 6-month period include:99% of the fleet grounded from mid-March to end June.Successful retu... more
AirlinesUAE invested 22 billion dollars for Etihad Airways?
Carrier would have benefited from it since 2003
United Arab Emirates (UAE) guaranteed about 22 billion dollars to air carrier Etihad Airways in seventeen years. The figure was revealed in the last few hours by "Bloomberg" agency which cited anonymous... more
AirlinesPlanes. EasyJet (2), CEO Lundgren does not exclude state aid
Low-cost carrier's finances are in trouble
Sincerity, this is the concept that John Lundgren, managing director of the low-cost airline easyJet, adopted in the last few hours (read also the article published by AVIONEWS). Interviewed by the "Reuters"... more
AirlinesRyanair against British lockdown: "It will be a failure"
The words of the CEO of the carrier O'Leary
Lockdown is one of the options that governments around the world have evaluated and could evaluate due to the Covid-19 pandemic. In the last few hours, United Kingdom announced a month of restrictions... more
Civil aviationAirplanes and helicopters. Boeing reports third-quarter results
They continue to be impacted by COVID-19 and the MAX airplane grounding -ATTACHMENT
Boeing reported in the last days its third-quarter resultsThe highlights are: Financial results continue to be significantly impacted by COVID-19 and the 737 MAX groundingProactively managing liquidity... more
AirlinesLow-cost air carriers resisted better to covid
It was revealed by an university study - ATTACHMENT
Coronavirus pandemic literally disrupted any industrial sector, including the aviation sector: in the case of carriers, however, not all have been affected in the same way, as emerged from a study conducted... more