Finance and economy
3,225 news found
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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