Finance and economy
3,201 news found
AirlinesRyanair and Aer Lingus farther from Ireland
Both carriers are reducing regional links
The green of Ireland no longer suggests the hope of two air carriers who represent this country well. Low-cost airline Ryanair and Aer Lingus are progressively reducing connections at national airports... more
AirlinesSouth African Airways' rescue plan approved
Carrier will receive half a billion euros
Half a billion euros: amount is considerable, to say the least, but it was deemed appropriate for the rescue of carrier South African Airways (read also the article published by AVIONEWS). Local government... more
AerospaceAirplanes-helicopters. Airbus reports 9m2020 results
The highlights - ATTACHMENT
Airbus reports today nine-month (9m) 2020 results.The highlights are: Global air travel recovery slower than anticipated Cash containment and business adaptation on track9m revenues € 30.2 billion; 9m... more
AirlinesEU rejects Lufthansa appeal: "Low-cost carriers were not favored"
This is the decision of Luxembourg court
The accusations made by the airline Lufthansa against low-cost carriers, Ryanair in the first place, were returned to the sender. The Court of Justice of European Union located in Luxembourg ruled on the... more
DefenseRussia, helicopters to repay debt with South Korea?
Moscow allegedly offered aircraft to Seoul
An hypothesis that is not so far from becoming reality: in the last few hours an important videoconference was held involving Yuri Trutnev, Russian deputy prime minister and envoy on behalf of the Kremlin... more
AirlinesAirplanes and carriers. Air Europa bailout approved
Now Spanish government will have to pronounce
Bailout is served, but another could be needed in six months: Sepi, the Spanish state company that deals with industrial holdings, officially approved in recent hours the plan for restructuring the debt... more
AirlinesCarriers, easyJet reduces pressure selling and leasing planes
Losses as of September 30th should be substantial
Sales and lease-back: these are the two financial strategies that allowed the low-cost airline easyJet to reduce the pressure exerted by the crisis linked to the covid-19 (read also the article published... more
AirlinesAir France-KLM Group, expected losses of 1.3 bn
Analysts anticipated the data that will be released on Friday
Bad news is in the air and financial analysts thought to anticipate them: in two days, Friday October 30, 2020, Air France-KLM Group will publish the data for the third quarter of the year (July-August-September)... more
AirlinesSlovenia continues to believe in a new carrier
Options are different and all possible
Who do we want to dedicate this toast to? All Slovenian citizens ask this in "Zdravljica", national anthem of the Balkan country, but perhaps an answer could have been found: the "toast" for the birth... more
AirlinesPlanes. Ana could lay off 3,500 employees
Japanese carrier is reviewing the business plan
Rising or waning sun? The doubt is legitimate after learning of the latest employment measure of the Japanese air carrier All Nippon Airways, which intends to lay off 3,500 employees within the next two... more
AerospaceLeonardo, why Profumo is still not resigning?
Leonardo CEO is in trouble after bad experiences
What if it was time for the Tsar to fall? The sentence of six years in prison and a fine of 2.5 million euros after the crack of Monte dei Paschi di Siena (MPS) led from 2012 to 2015 puts even an untouchable... more
AirlinesAircraft, Iberia could rely on long haul
North and South America among main connections
“Good flight”: the wish that became the official slogan of carrier Iberia could be pronounced with greater conviction in the coming months after the Spanish media learned of the latest commercial intentions. Acc... more
AirportsDominica is ready to build its first international airport
Caribbean State has only two regional ports
A new airport for Dominica? Prime Minister Roosevelt Skerrit is sure of this, as reported during a press conference organized in the last few hours in which the Caribbean structure was discussed. Government... more
AirlinesPlanes. Vueling-union agreement not to sack drivers
Carrier will rely on temporary economic measures
A small opening among many (too many) news that do nothing but deepen the layoffs of the air sector: Spanish union Sepla and low-cost airline Vueling found the decisive agreement to ensure the future of... more
AirlinesBritish Airways: "Aviation industry may never recover"
Covid-19 scares CEO of British air carrier
The role was recently been assumed, but it certainly cannot be said that Sean Doyle's experience as new CEO of British Airways carrier started with optimism (read also the article published by AVIONEWS).... more
AirlinesUS cargo carriers will have to return 630 million
Request came from one of the congressional committees
American Congress committee that manages the superintendence of aid related to Covid-19 was very clear in recent hours in addressing four cargo carriers. Companies in question will have to repay the federal... more
AirlinesPlanes. Qantas-Vietnam Airlines joint-venture close to end
Both carriers are about to conclude an outgoing agreement
After thirteen years, the time is now ripe to dissolve a joint-venture that reserved important satisfactions for two air carriers: Qantas and Vietnam Airlines are ready to end this long-standing collaboration,... more
AerospaceNew goals of Chinese space industry until 2025
Experts took part in the forum organized in Wuhan
Space industry is one of the priorities of China's future, so much so that the media of Asian country recently reported on the promotion of the development of this sector over the five-year period 2021-2025.... more
AirlinesPlanes. Flybe could fly again in 2021
Bankruptcy was official last March
A year of waiting and then the return, at least this is the promise made public by administrators of Flybe, British low-cost airline that went bankrupt on March 4th due to the health emergency (read also... more
Finance and economySaab: results January-September 2020
In challenging times, the industry has continued to win important contracts
Saab presents today the results for January-September 2020 earlier than previously announced. Strong order bookings and continued internationalisationIn challenging times, Saab has continued to win important... more
AirlinesBritish Airways "leaves" Gatwick in favor of Heathrow
Carrier wants to focus on just one London airport
Gatwick or Heathrow? The doubt is not at the same of Hamlet by William Shakespeare, but British Airways airline reasoned a lot about it. In the last few hours, the final choice arrived and British company... more
AirlinesBritish fund becomes IAG's second largest shareholder
Group controls air carriers such as Iberia and Vueling
International Airlines Group has a new shareholder, the second overall in percentage terms: it is Marshall Wace fund which is based in London and which has acquired a 3.02% stake in the share capital.... more
AirlinesRyanair: O'Leary blames EU after hub closure
Carrier also reduced the fleet
A Winter without many important hubs: low-cost airline Ryanair has to deal with the drop in traffic and therefore in the number of passengers in this difficult time of health emergency, consequently the... more
Finance and economyRolls-Royce prices £2 billion-equivalent senior notes offering
Three tranches in US, EUR and GBP
Rolls-Royce Holdings plc announces that it has successfully priced an offering (the “Bond Offering”) of three tranches of senior unsecured notes denominated in US dollars, euros and sterling (collectively, the... more
AerospaceCondemnation of Profumo for derivatives Mps, no to resign from Leonardo
The current CEO of the Group said he was surprised and embittered
Six years of imprisonment: this is the sentence imposed in the first instance against Alessandro Profumo and Fabrizio Viola, on trial as former president and managing director of Monte dei Paschi di Siena... more
AirlinesNew lockdowns in next days? Carrier stocks collapse
Restrictions weighed on European markets
New restrictions imposed by governments around the world, France in the first place, led to significant changes in the stock market as regards air transport. Number of infections on the rise in many nations... more
AirlinesVirgin Atlantic criticizes UK over covid management
Carrier already laid off 5,000 people
Shai Weiss, CEO of Virgin Atlantic, used no half measures to criticize the UK. As reported in the last hours by the manager during the "Abta Travel Convention", in fact, air transport cannot be left alone,... more
AirlinesJapan waives landing fees to support carriers
The sum is over 100 million euros
Government of Japan is willing to waive landing fees at the airport, for a total value of 12.5 billion yen (specifically 101 million euros) and the reason is soon explained. Air transport in the Japanese... more
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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