Finance and economy
3,155 news found
Finance and economyAutogrill: shareholders' meeting approved 2013 financial statements
Milan, Italy - Nee Board of Directors appointed
Meeting today in an ordinary session under the chairmanship of Gilberto Benetton, the shareholders’ of Autogrill SpA examined and approved the financial statements for 2013 and voted to write profits f... more
Finance and economyAircraft and transport. After MH370, Malaysia Airlines is trying to take off again, but the bankruptcy risk is concrete
Kuala Lumpur, Malaysia - Bookings from China decreased by more than 50% after the Boeing 777's disappearance
Malaysia Airlines, even before the disappearance of flight MH370, was a company which was experiencing serious financial troubles. The accident which involved the Boeing 777/200ER aircraft, which vanished... more
Finance and economyAirbus Group shareholders approve all resolutions at "AGM", including name change
Amsterdam, Holland - The name change will take legal effect on 2 June 2014
Shareholders of Airbus Group approved all ten resolutions proposed at yesterday's "Annual General Meeting" (AGM), including the amendment of the company's Articles of Association to adopt its new legal... more
Finance and economyAircraft and finance. Alitalia: still no news from Etihad
Rome, Italy - Intesa Sanpaolo: "Air France? If they want to exit, they can"
Still no news yet from Etihad Airways: the letter with which the Abu Dhabi-based carrier is expected to give its final approval to the entry in Alitalia's ownership structure has not arrived in Rome yet,... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement, the trade unions: "We're helpful but firm"
Rome, Italy - The Italian Transport Minister claims he has "Good hopes" about the Abu Dhabi-based company's letter
"We have good hopes". That is how Maurizio Lupi, the Italian Transport and Infrastructure Minister, described the government's mood in relation to the arrival of the letter with which Etihd Airways is... more
Finance and economyAircraft and finance. F2i ready to sell 49% of its airport division
Rome, Italy - More than 50 sovereign wealth funds, pension and infrastructure funds worldwide were already contacted
Vito Gamberale's F2i, the main Italian infrastructure fund, according to a report from "Reuters", is planning to put for sale a 49% stake in F2i Aeroporti, the division which owns shares in many of the... more
Finance and economyAircraft and finance. Wizz Air gets ready for listing with a 200-million-Euro IPO
Budapest, Hungary - The operation is expected to be concluded by the end of the next month
Wizz Air decided to enter the financial market, with an Initial Public Offering (IPO) with which the Hungarian low-cost carrier expects to raise about 200 million Euros. The listing operation at London... more
Finance and economyEnav Privatization, the Italian government to choose advisors
Rome, Italy - Consultants will have to examine bids and to identify the best path for the transfer: listing or direct negotiation
The Italian ministry of Treasury has started yesterday, May 21, the research of legal and financial consultants in range of the privatization of 49% of Enav (Società nazionale per l'assistenza al volo,... more
Finance and economyAircraft and finance. Etihad increases its stake in Virgin Australia
Abu Dhabi, United Arab Emirates - The Abu Dhabi-based carrier now owns 21.24% of the shares
Etihad Airways has receieved the approval of Australia's Foreign Investment Review Board to increase its stake in Virgin Australia. The shares owned by the Abu Dhabi-based carrier therefore passed from... more
Finance and economyItalian CONSOB fines SEA, the company which manages Milan airports of Linate and Malpensa
Milan, Italy - The penalty due to the declarations about profits policy during IPO's presentation "Incoherent with the informative prospectus"
SEA, the company which manages Milan airports of Linate and Malpensa, was 5000 Euros fined by CONSOB (the Italian National Commission for the Companies and the Stock Exchange) for the information spread... more
Finance and economyAircraft and finance. Air France: "Etihad's conditions for Alitalia are harsher than ours"
Rome, Italy - The CEO of the French-Dutch group strikes back
Air France-KLM has been watching for many months the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier. But now the... more
Finance and economyAircraft and finance. Alitalia: no answers from Etihad yet, but there is optimism
Rome, Italy - Unipol is ready to sell its stake in the Italian company if needed
No news coming from Etihad yet: the letter with which the Abu Dhabi-based carrier is expected to give its final approval to the entry in the ownership structure of Alitalia has not yet arrived in Rome,... more
Finance and economyAircraft and finance. Alitalia-Etihad: the "Verdict" to arrive in the upcoming days?
Rome, Italy - Italian State Secretary to the Prime Minister: "The alternative to the agreement is losing more than 10,000 jobs"
The very long talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier might come to a conclusion really soon: according to... more
Finance and economyEnav SpA and Poste privatization, the Italian Government approves
Rome, Italy - Shares for sale should worth about 5 million Euros
The Italian Government approved the privatization of Poste and Enav SpA (Società nazionale per l'assistenza al volo, the Italian air services provider), both ministry of Treasury owned-companies. Shares... more
Finance and economyAircraft and finance. Alitalia-Etihad discussions are close to the finish line
Rome, Italy - The letter with the response of the Italian carrier is travelling to Abu Dhabi
The talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier seems to be close to the finish line. According to rumours reported... more
Finance and economyFinmeccanica: the shareholders' meeting approves 2013 financial statements
Rome, Italy - New Board of Directors appointed for the three-year term (2014–2016)
The Shareholders’ Meeting of Finmeccanica SpA, which convened yesterday in Rome, has approved the Company’s financial statements for 2013 and examined the consolidated financial statements. Key eco... more
Finance and economyAircraft and finance. Alitalia-Etihad, Italian Transport Minister: "It's time to decide"
Rome, Italy - The decree to liberalize Milan-Linate Airport is ready
The talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier has been going on for months, and the conclusion of the negotiation... more
Finance and economyAircraft and finance. Emirates might acquire Lufthansa's catering division
Dubai, United Arab Emirates - But at moment the German carrier does not seem available to sell
The Emirates group might be interested in purchasing LSG Sky Chefs, Lufthansa's catering division, which in 2013 achieved an overall revenue of 2.51 billion Euros, with an operating profit of 105 million... more
Finance and economyAutogrill: the 1st quarter showed sustained growth in sales in airports
Milan, Italy - The BoD approves the interim management report to 31 March 2014
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results at 31 March 2014. Results 1st quarter 2014: · Consolidated revenues: €813m, down 1% on €841.9m in 1... more
Finance and economyeasyJet: 2014 half year results
Milan, Italy - Its strategy continues to deliver sustainable growth and returns
easyJet has delivered an improved first half financial performance driven by a strong focus on capacity allocation, a range of revenue initiatives and a stronger than expected cost performance. Strategic... more
Finance and economyAirbus Group reports 1Q14 results
Amsterdam, Holland - Airbus received 103 aircraft orders and for Airbus Helicopters rose 50%
Airbus Group reports First Quarter 2014 results. The highlights are: · Revenues increase five percent to € 12.6 billion · EBIT before one-off € 700 million · Net income rises 93 percent to € 4... more
Finance and economyAircraft and finance. Alitalia-Etihad: the banks give their go-ahead
Rome, Italy - The government's support: "The negotiation must go on and lead to a positive outcome"
An important step ahead in the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier was made during the past hours. According... more
Finance and economyAircraft and finance. Alitalia-Etihad: waiting for news, some shareholders are still looking at Air France
Rome, Italy - "A positive outcome requires everyone's collaboration", the Economy Minister claims
No significant news emerged about the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier. The Middle Eastern airline... more
Finance and economyItalian Enav and Poste privatization: Italian government to give the go-ahead
Rome, Italy - Both companies listing is expected within 2014
The Italian government is expected to give the go-ahead for the ministry of Treasury public companies Poste and Enav SpA (Società nazionale per l'assistenza al volo, the Italian air service provider)... more
Finance and economyAircraft and finance. IAG halves its losses thanks to Iberia's recover
London, United Kingdom - Revenue growing by 6.7%
International Airlines Group (IAG), the holding which includes British Airways, Iberia and Vueling, managed to almost halve its operating losses in the first quarter of 2014, passing from 278 to 150 million... more
Finance and economyEtihad acquires ADAT for the maintenace of its aircraft
Abu Dhabi, United Arab Emirates - Mubadala will maintain the engine-focused MRO division
Waiting to define the operation for the entry in Alitalia's ownership structure (AVIONEWS), Etihad Airways inked an agreement with Mubadala Development Company (the investment vehicle of Abu Dhabi's government)... more
Finance and economyAircraft and finance. Alitalia-Etihad: the upcoming days will be deciding
Rome, Italy - Italian Transport Minister: "The alliance would be a very strong signal for the whole Italian system"
The upcoming days will be deciding in order to reach a positive outcome of the Alitalia-Etihad affair: the Abu Dhabi-based company seems indeed to be convinced of the newco solution, but it is still asking... more
Finance and economyAircraft and finance. Alitalia: Etihad is not convinced of the newco solution
Rome, Italy - "If Alitalia closes, there won't be a downsizing: everyone will go home", the Italian Transport Minister comments
The mission in Abu Dhabi of Alitalia Chief Executive Officer Gabriele Del Torchio, who met his counterpart at Etihad, James Hogan did not produce significant steps ahead: the talks for the entry of the... more
Finance and economyAircraft and finance. Alitalia-Etihad summit: CEO updates the Italian Transport Minister
Rome, Italy - According to rumours, the Abu Dhabi-based company requested 2500 layoffs, 1600 of which definitively
A meeting between Alitalia and Etihad Airways' top managers took place yesterday, Tuesday 6 May 2014, in Abu Dhabi: Gabriele Del Torchio and Roberto Colaninno, respectively Chief Executive Officer and... more
Finance and economyFinmeccanica: the BoD approves the interim financial report at 31 March 2014; results in line with forecasts
Rome, Italy - New orders up by 11% thanks to the Aerospace and Defence sectors. Order backlog worth EUR 36.7 billion
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Gianni De Gennaro, examined and unanimously approved the Interim Financial Report at 31 March 2014. The results of... more
Finance and economyAircraft and finance. Alitalia and Etihad are working on the newco, summit in Abu Dhabi today
Abu Dhabi, United Arab Emirates - There is an issue with Unicredit: the bank seems not available to grant discounts over the credits it has with the Italian company
A newco 100% owned by Alitalia, without debts, in which Etihad is expected to acquire a 49% stake with a dedicated capital increase: this is the plan which will be explained today, Tuesday 6 May 2014,... more
Finance and economyAircraft and finance. Alitalia-Etihad: summit in Abu Dhabi to be held today
Rome, Italy - Italian Transport Minister: "The bad-company issue is not acceptable and is not shared by the government"
Gabriele Del Torchio and Roberto Colaninno, Chief Executive Officer and Chairman of Alitalia respectively, will meet Etihad's CEO James Hogan today, Monday 5 May 2014, in Abu Dhabi: the summit might represent... more
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