Finance and economy
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Finance and economyAircraft and finance. Alitalia-Etihad: summit between Italian Premier and Transport Minister. And Air France pops up again
Rome, Italy - "Any alliance will be assessed on the basis of the industrial plan", Lupi commented
A summit took place today in Rome between Italian Prime Minister Matteo Renzi and Transport and Infrastructure Minister Maurizio Lupi, in order to outline the status of the talks between Alitalia and Etihad... more
Finance and economyAircraft and finance. Alitalia: here's Etihad's letter of intents
Rome, Italy - The Italian company aims to achieve 400-million-Euro savings per year
After a wait of almost a month, the letter of intents with which Etihad down in black and white its interest for the entry in the ownership structure of Alitalia has finally arrived. The confirmation arrived... more
Finance and economyAircraft and finance. Etihad: what are Hogan's intentions for Alitalia's development?
Rome, Italy - Banks are open to discuss the debt restructuring, Linate liberalization is close
During the past hours two important developments might have occurred regarding the conditions set by Etihad Airways for its possible investment in Alitalia: the Middle Eastern company reportedly requested... more
Finance and economyAircraft and finance. Italian PM: "We're waiting". Unions wants to do their part
Rome, Italy - Angeletti (UIL): "The agreement is at a stone's throw"
"We're waiting for Etihad's proposal, then we will act consequently". With these words Italian prime Minister Matteo Renzi, during a Twitter question-and-answer session with citizens, briefly addressed... more
Finance and economyAirplanes and helicopters. Boeing reports strong 1Q results
Chicago, Usa - The figures in commercial and military aircraft, and in BDS, besides outlook
Boeing reports strong first-quarter results. The highlights are: - Core EPS (non-GAAP) of $1.76 on continued strong operating performance; GAAP EPS of $1.28 - Revenue increased 8 percent to $20.5... more
Finance and economyAircraft and finance. Alitalia-Etihad, talks in stallmate but the Italian Transport Minister is optimistic: "Let them work"
Rome, Italy - "High-speed rail links for the airports are already in the national transport plan, they're not a request of the Abu Dhabi-based company"
The meeting of Alitalia board of directors which took place yesterday, Tuesday 22 April 2014, provided a no well-defined outcome. The airline released a brief bulletin explaining that during the meeting... more
Finance and economyFinmeccanica and shareholders' meeting: filing of Remuneration Report
Rome, Italy - Convened in May
Finmeccanica advises that, with reference to the Ordinary Shareholders’ Meeting, convened for 9 and 15 May 2014 (first and second call) and to the Extraordinary Shareholders’ Meeting, convened for 9,... more
Finance and economyAircraft and finance. Alitalia-Etihad talks, Italian Transport Minister: "Maybe someone is rowing against"
Rome, Italy - According to Lupi the plan submitted by the Middle Eastern company does not include the rumoured 3000 layoffs
The negotiation between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier has not stopped, but has just slowed down: this is the opinion... more
Finance and economyAircraft and finance. Italian Transport Minister: "Etihad's letter for Alitalia has arrived, the response pertains to private companies"
Rome, Italy - The role of Fiumicino and Malpensa, in addition to the layoffs, are the issues which need to be solved
New developments emerged about the alleged stoppage in the talks between Alitalia and Etihad Airways for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier. During... more
Finance and economyFinmeccanica: publication of the list of candidates for the Board of Directors
Rome, Italy - Proposals to be voted by the Shareholders’ Meeting
In view of the forthcoming Extraordinary Shareholders’ Meeting, which is convened for 9, 14 and 15 May, 2014, on first, second and third call respectively, and of the Ordinary Shareholders’ Meeting, con... more
Finance and economyAircraft and finance. Emirates: missed revenues for almost 200 million Euros because of Dubai's runway closure
Dubai, United Arab Emirates - Works ion the Middle Eastern hub will last from May 1st to July 20
As reported during the past days (AVIONEWS), starting from May 1st to July 20 upgrading works will be performed at Dubai Airport for the renewal of the two runways of the Middle Eastern hub, which will... more
Finance and economyAircraft and finance. Stoppage to Alitalia-Etihad talks (2): confirmation still awaited
Rome, Italy - According to rumours, the Abu Dhabi-based company decided not to invest in the Italian carrier
Confirmations are still awaited for rumours reported today, Thursday 17 April 2014, by "Il Messaggero" regarding the stoppage to the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based... more
Finance and economyAircraft and finance. Did Alitalia-Etihad talks feel through?
Rome, Italy - According to rumours, the Abu Dhabi-based company considered that the required technical and political conditions are not in place
The news still need confirmation, but it is potentially clamorous: when everyone was waiting for the arrival of the letter of intents with which Etihad Airways was expected to formalize its interest for... more
Finance and economyAircraft and finance. Alitalia: Etihad's letter of intents to arrive today
Rome, Italy - Castellucci (Atlantia): "This is a moment of strategic turning point!"
The wait might be over: yesterday, Tuesday 15 April 2014, Etihad Airways' board of directors met and outlined the letter of intents for the entry of the Abu Dhabi-based carrier in the ownership structure... more
Finance and economyFinmeccanica: rescheduling of Financial calendar for 2014
Rome, Italy - The BoD to approve results for the 1Q14 on Tuesday 6 May
Fimeccanica informs that, as partial amendment to the Financial Calendar released on 20 December 2013, the Board of Directors’ Meeting to approve the Results for the First Quarter 2014 will be held on T... more
Finance and economyAircraft and finance. Alitalia: wait goes on for Etihad's letter of intents
Rome, Italy - Meanwhile the Abu Dhabi-based company continues with its growth: revenues up by 27% in the first quarter
The letter of intents with which Etihad will formalize its interest for an investment in Alitalia has not arrived yet, but there is the feeling that any moment may be the right one for this fundamental... more
Finance and economySEA (Milan airports) sells on the market bond from EUR 300 million
Milan, Italy - Request superior to EUR 1 bn
SEA SpA (Milan airports management company) successfully completed yesterday an issue of a bond with fixed tax for an overall similar value of EUR 300 million, as decided by the Board of Directors of last... more
Finance and economyAircraft and finance. Emirates to invest in Qantas?
Canberra, Australia - Canberra's government is supporting the entry of the Middle Eastern airline in the main Australian carrier
The Australian government means to support an investment by Emirates in Qantas, the Australian company which is experiencing a period of harsh financial crisis, both discussing with the management of the... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement: Italian Transport Minister meets the unions
Rome, Italy - The letter of intents of the Abu Dhabi-based company to arrive within days
Etihad's letter of intents, with which the Abu Dhabi-based carrier will formalize its interest for the entry into the ownership structure of Alitalia, will probably arrive in a matter of days. Until... more
Finance and economyAircraft and finance. Layoff in Alitalia required by Etihad, Italian Transport Minister: "I'm not aware of that"
Rome, Italy - Letter of intents from the Abu Dhabi-based carrier will not arrive before Easter
According to rumours which leaked during the past hours, in the talks between Alitalia and Etihad the Middle Eastern company has set very tough conditions to accept to enter the ownership structure of... more
Finance and economyAircraft and finance. Etihad sets the conditions to invest in Alitalia: 3000 layoffs and debt restructuring
Rome, Italy - The Abu Dhabi-based company might invest up to 500 million Euros
According to rumours reported by "Il Sole 24 Ore", Etihad Airways has set very tough conditions to accept to invest in Alitalia: the Abu Dhabi-based company has reportedly presented during the past days... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement: commercial perspective under examination
Rome, Italy - The Abu Dhabi-based company ready to increase its stake in airberlin to 49.9%
Etihad Airways Chief Executive Officer James Hogan declared that the talks for the entry of the Middle Eastern carrier in Alitalia's ownership structure is in the phase of the analysys of the commercial... more
Finance and economyAircraft leasing: GECAS ready to launch 700-million-dollar IPO
Hong Kong, China - The operation is expected to take place in the second quarter
General Electric Capital Aviation Services (GECAS), one of the world's main aircraft leasing companies, is reportedly ready to launch an Initial Public Offering (IPO) to raise about 700 million dollars... more
Finance and economyAircraft and finance. Does Etihad want a double marriage with Alitalia and ADR?
Rome, Italy - The Abu Dhabi-based company is reportedly interested in joining the ownership structure of the management firm of Rome's Fiumicino and Ciampino airports
The signature of what can be called a "Prenuptial agreement" between Alitalia and Etihad might arrive today, Friday 4 April 2014, as confirmed by several sources with knowledge of the details, such as... more
Finance and economyAircraft and finance. Qatar Airways follows Etihad's example and is in hunt for acquisitions
Doha, Qatar - "We are actively discussing opportunities", the CEO of the Middle Eastern airline explains
Qatar Airways is looking for acquisitions of stakes in other companies, as confirmed during an interview with "Bloomberg Business" by Akbar al-Baker, Chief Executive Officer of the Middle Eastern airline. "When... more
Finance and economyFinmeccanica. Shareholders' meeting: filing of documentation...
Rome, Italy - ... Regarding the Annual Financial Report and well-grounded proposal by the Board of Statutory Auditors at the seventh point on the Agenda
With reference to the Ordinary Shareholders’ Meeting, convened for 9 and 15 May 2014 (first and second call) and to the Extraordinary Shareholders’ Meeting, convened for 9, 14 and 15 May 2014 (first, sec... more
Finance and economyFinmeccanica's BoD examined the "Flick Committee" report stating, body appointed in April 2013
Rome, Italy - The Board also approved the Group’s 2013 draft Sustainability Report
The Board of Directors of Finmeccanica, which met yesterday under the chairmanship of Gianni De Gennaro, examined the report drafted by the "Flick Committee", an independent body appointed by the Board... more
Finance and economyAirbus Group signs global cooperation agreement with Bank of China
Toulouse, France - They will also cooperate in the areas of aircraft leasing, aircraft asset management, hedging and corporate loans
Airbus Group has signed a Memorandum of Understanding with Bank of China regarding a global cooperation. The two parties have agreed to work together strategically to advance operation-related activities... more
Finance and economyAircraft and finance. Etihad: 10 days for the Alitalia-plan
Rome, Italy - The hypothesis of an integration of the operations of the Italian carrier and airberlin seems more likely
Etihad Airways is really close to present its strategic plan for Alitalia's relaunch: according to rumours, by 10 days the Abu Dhabi-based company might release its ideas for the future of the main Italian... more
Finance and economyFinmeccanica. Shareholders’ Meeting: filing of documentation
Rome, Italy - It will be convened in May
With reference to the Ordinary Shareholders’ Meeting, convened for 9 and 15 May 2014 (first and second call) and to the Extraordinary Shareholders’ Meeting, convened for 9, 14 and 15 May 2014 (first, sec... more
Finance and economyAirbus Group makes successful return to Euro debt capital markets
Tolouse, France - 1-billion-Euro 10-year bond issue
Airbus Group (stock exchange symbol: AIR), rated A2 by Moody's and A by Standard & Poor's, successfully priced a new 10-year bond offering denominated in euros on 25 March, 2014. This 1-billion-Euro transaction... more
Finance and economyAircraft and finance. Is Alitalia-Etihad agreement close? Possible integration between the Italian carrier and airberlin
Rome, Italy - The new industrial plan could be focused on a strengthening of long-haul operations
According to rumours, great news are awaited in a short time about the talks between Alitalia and Etihad for the entry of the Middle-Eastern company in the ownership structure of the main Italian carrier. The... more
Finance and economyAircraft and finance. Norwegian denies rumours about possibile acquisition of airberlin
Oslo, Norway - Etihad might ask the German company to delist from the stock exchange, in view of a restructuring
During the past days Norwegian Air has been in the middle of rumours claiming that the Oslo-based low-cost company is in talks with airberlin for the acquisition of Germany's second main carrier after... more
Finance and economyFinmeccanica: the BoD approves the 2013 financial statements: return to net profit and new orders up by 11%
Rome, Italy - Profitability up in Aerospace and Defence; AnsaldoBreda negatively affects the overall performance
The Board of Directors of Finmeccanica, convened under the chairmanship of Gianni De Gennaro, examined and unanimously approved the draft of Group consolidated and Finmaccanica SpA financial statements... more
Finance and economyAircraft and finance. Etihad Airways increases its stake in Aer Lingus
Abu Dhabi, United Arab Emirates - The Emirati company takes its stake to 4.1%
Etihad Airways increased its stake in Aer Lingus from 2.987% to 4.1%. The Abu Dhabi-based company invested about 10 million Euros in March to acquire about six million shares available in the market. The... more
Finance and economyAutogrill. The BoD approves the consolidated financial statements at 31 December 2013: the increase in revenues in airports
Milan, Italy - The demerger launches a new course for the Food&Beverage sector
The Board of Directors approves the consolidated financial statements at 31 December 2013: · Consolidated revenues: €3,984.8m vs €4,075.6m in 2012 (down 0.3% at constant rates; down 2.2% at current rate... more
Finance and economyAircraft and finance. Etihad: due diligence for Alitalia to take "Some more time"
Lugano, Switzerland - "There is an interest, but conditions must be met", Abu Dhabi-based company's Chief Commercial Officer explained
Etihad Airways Chief Commercial Officer Peter Baumgartner provided some updates about the negotiation between the Abu Dhabi-based company and Alitalia for the entry in the ownership structure of the main... more
Finance and economyAustrian Airlines: annual results for 2013
Milan, Italy - AA returns to profitability after six years
The rigorous restructuring program implemented by the Austrian Airlines Group is clearly reflected in the business results for the year 2013: Austrian Airlines (AA) succeeded in posting an operating profit... more
Finance and economyLufthansa Group: financial results 2013
Frankfurt, Germany - Group’s reported operating result comes to EUR 697m
Deutsche Lufthansa AG has achieved the targeted improvement in earnings well. Adjusted for non-recurring effects, the operating profit rose year on year by 62 per cent to EUR 1.042bn (previous year: EUR... more
Finance and economyEtihad Airways posts third consecutive year of net profit; fleet increased to 89 aircraft
Abu Dhabi, UAE - Up 48 per cent to USD 62 million
Key results for 2013 • Total revenue up 27 per cent to USD 6.1 billion • Alliance strategy performs strongly, with partnership revenues up 30 per cent to USD 820 million, representing 21 per cent of... more
Finance and economyAircraft and finance. Alitalia: agreement with Etihad has just 50% chance to be closed
Rome, Italy - Accoding to the CEO of the Abu Dhabi-based carrier an understanding over network, costs, restructuring and profitability is needed
The closure of the agreement between Alitalia and Etihad Airays for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier has just 50% chance to be reached, as... more
Finance and economyAircraft and finance. IAG is back in black thanks to Iberia's restructuring
London, United Kingdom - Profits of 227 million Euros during 2013
International Airlines Group (IAG) announced that 2013 marked the return to profitability for the Anglo-Spanish holding: this result arived thanks to the good performances reported by British Airways and... more
Finance and economyAircraft and finance. Alitalia CEO: "Montezemolo is a facilitator in the talks with Etihad"
Rome, Italy - Chief Executive of Intesa Sanpaolo: "We won't restructure the airline's debt"
Alitalia Chief Executive Officer Gabriele Del Torchio declared that, according to him, Luca Cordero di Montezemolo is acting as a "Facilitator" in the talks for the entry of Etihad Airways in the ownership... more
Finance and economyHelicopters and finance. Avincis is preparing for its 2.4-billion-Euro IPO
London, United Kingdom - The listing will probably take place about four months from now
Avincis Group, one of the world's largest provider of helicopter services, is preparing for the listing at London Stock Exchange, on the basis of an Initial Public Offering (IPO) which could value the... more
Finance and economyAirbus Group 2013 results: another year of operational and financial improvement
Amsterdam, The Netherlands - AVIONEWS publishes the integral version in the "Specials" section
Airbus Group 2013 results: The highlights are: • Revenues increase 5 percent to € 59.3 billion • EBIT before one-off rises 21 percent to € 3.6 billion • Net income rises 22 percent to € 1.5 bil... more
Finance and economyAircraft and finance. Etihad's entry in Alitalia: Renzi joins the discussions
Rome, Italy - The Prime Minister elect met with the CEO of the investment vehicle of the Government of Abu Dhabi
The Italian Prime Minister elect has started working on the entry of Etihad in the ownership structure of Alitalia. The Middle Eastern company is expected to join Alitalia with an investment between... more
Finance and economyAircraft and finance. Slovenia to sell Adria Airways and Ljubljana Airport by year's end
Ljubljana, Slovenia - The carrier, which improved its financial situation, might be attractive for investors
The Slovenian government is planning the sale of Adria Airways and of the management firm of Ljubljana Airport by year's end, as confirmed by Prime Minister Alenka Bratusek in an interview with the german... more
Finance and economyAircraft and finance. Air France-KLM comes back to profitability and wants to invest in GOL
Paris, France - "While continuing to focus on strict cost discipline, we are also preparing the group’s future", CEO De Juniac explains
Air France-KLM announced its results for fiscal year 2013: during the past year the french-Dutch group experienced a 0.4% revenue growth up to 25.52 billion Euros, which allowed it to achieve an operating... more
Finance and economyAircraft and finance. Alitalia changes its statute to pave the way for Etihad
Rome, Italy - Extraordinary assembly of the shareholders to be held today
Today, Tuesday 18 February 2014, an extraordinary meeting of Alitalia shareholders will take place: the main reason of the assembly is an important operation for the entry of Etihad in the ownership structure... more
Finance and economyAircraft and transport. Ferrovial makes offer for three airports in the UK
Madrid, Spain - The Spanish firm wants to acquire Glasgow, Aberdeen and Southampton
According to rumours reported in the past hours by "Reuters", Ferrovial made a bid to purchase three airports in the United Kingdom. Spanish newspaper "Expansion" explained that the offer was worth... more