Finance and economy
3,155 news found
Finance and economyAircraft and finance. SAS is back in black, but market conditions will slow down its growth
Stockholm, Sweden - "Conditions worsened dramatically in the fourth quarter", CEO Rickard Gustafson explained
Scandinavian Airlines (SAS) reported a balance sheet in the black for the first time since 2007, thanks to the restructuring plan it has implemented during the past months: the Scandinavian carrier, which... more
Finance and economyAircraft and finance. Etihad is ready to invest: is the Arab Alitalia taking off?
Rome, Italy - The Abu Dhabi-based company will reportedly enter with 300 million Euros
Etihad Airways is reportedly ready to invest 300 million Euros (about 413 million dollars) to join the ownership structure of Alitalia, three sources with knowledge of the talks between the Abu Dhabi-based... more
Finance and economyAircraft and finance. Alitalia: will Etihad's offer arrive on Monday?
Rome, Italy - But the Abu Dhabi-based carrier is concerned by the debts of the Italian company
Important developments regarding Alitalia's future are expected on Monday 23 December: Etihad, after a careful analysis of the financial figures of the main Italian carrier, might formalize its offer for... more
Finance and economyAircraft and finance. Alitalia: Avianca is interested in the Italian airline
Rome, Italy - The South-American carrier interested in the Italian company and LOT
The search for a strong international partner for Alitalia has been for many weeks at the center of the news regarding the attempts to ensure the long-term survival of the main Italian carrier. Many names... more
Finance and economyAircraft and finance. ILFC ready to be acquired by AerCap
Amsterdam, Netherlands - AIG will receive 3 billion dollars and almost 100 million shares of the Dutch company
AerCap Holdings reached an agreement with American International Group (AIG), according to which the Dutch company will acquire 100% of the common stock of International Lease Finance Corporation (ILFC),... more
Finance and economyAircraft and finance. GMR sells its 40% stake in Istanbul's "Sabiha Gokcen" Airport to TAV
Istanbul, Turkey - The operation is subject to the approval of the other shareholders
As AVIONEWS wrote during the past days, GMR Infrastructure reached an agreement for the sale of its 40% stake in Istanbul's "Sabiha Gokcen" Airport to TAV Airports Holdings. The facility is one of the... more
Finance and economyAircraft and finance. Will Alitalia find Etihad under its Christmas tree?
Rome, Italy - The Middle Eastern carrier is evaluating the financial situation of the Italian company, maybe a decision will arrive before the holiday period
The positive outcome of Alitalia's capital increase operation will ensure the survival in the short term of the main Italian carrier. However, now that the complex recapitalization of the company is over,... more
Finance and economyEADS appointed new broker for share buyback programme
Amsterdam, Holland - Under the "Safe harbour" regulations of France’s AMF
EADS has entered into a new agreement for the independent management of its 18-month share buyback programme with a broker (“Investment Services Provider”) under the “Safe harbour” regulations of Fran... more
Finance and economyEADS holds today and tomorrow 2013 Global Investor Forum in London
Amsterdam, Holland - To adopt stock symbol AIR with rebranding to Airbus Group
EADS holds its annual Global Investor Forum (11&12 December) in London for institutional investors and analysts. The meeting is hosted by CEO Tom Enders and CFO Harald Wilhelm along with other members... more
Finance and economyAircraft and transport. Aéroports de Paris and TAV sign agreement for new Zagreb Airports' terminal
Zagreb, Croatia - The consortium will operate the facility for the next 30 years
The ZAIC Ltd consortium signed the agreement with the Croatian Ministry of the Sea, Transport and Infrastructure for the Zagreb Airport concession. This step marks the financial closing of the concession... more
Finance and economyAircraft and finance. Luxembourg will purchase a stake in Cargolux to reassure unions
Luxembourg, Luxembourg - China's HNCA is close to join the company
China's Henan Civil Aviation Development & Investment Co (HNCA) are close to acquire a 35% stake in Cargolux, after ahving received the approval of the Grand Duchy of Luxembourg for the 231-million-dollar... more
Finance and economyAircraft and finance. Travel Service acquires 34% of Czech Airlines
Prague, Czech Republic - Transaction carried out through Korean Air, which wants to make Prague Airport its European hub
Korean Air informed Czech Aeroholding about its requirement to use option to exercise its right to purchase further 34% of Czech Airlines (CSA). This step is in accordance with the purchase contract on... more
Finance and economyAircraft and finance. Indigo Partners concludes acquisition of Frontier Airlines
Denver, USA - The purchaser aims to transform it in an ultra-low-cost carrier
Indigo Partners, through an affiliate, has completed the acquisition of Frontier Airlines from Republic Airways Holdings. Final terms of the transaction, which was first announced in October this year,... more
Finance and economyAircraft and finance. Also Qatar Airways says "No" to Alitalia
Rome, Italy - During the past days also Aeroflot denied any interest to take part in the recpitalization of the Italian carrier
The search for a strong international partner is revealing itself as one of the most complex aspects of the capital increase operation which should ensure the survival, at least in the short term, of the... more
Finance and economyAircraft and finance. Malaysia Airports Holdings and TAV running for a stake in Istanbul's airport
Istanbul, Turkey - India's GMR Infrastructure is going to sell 40% of the shares of the facility
Malaysia Airports Holdings (MAH) and TAV Airports Holdings, two of the main airport operators globally, are separately conducting negotiations with GMR Infrastructure for the purchase of the 40% stake... more
Finance and economyAircraft and finance. Alitalia, looking for a partner, is knocking on Aeroflot's doors
Rome, Italy - The Russian carrier would be appreciated also by Poste Italiane's CEO Massimo Sarmi
Alitalia is still carrying on, among numerous difficulties, the complex capital increase operation, which aimed to ensure the short-term survival of the main Italian carrier. 173 million Euros have already... more
Finance and economyAircraft and finance. American Airlines emerges from bankruptcy: merger with US Airways on December 9
New York, USA - The operation will create the world's largest carrier
The US Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the US Department of Justice and certain states relating to the merger of AMR Corporation,... more
Finance and economyAircraft and finance. Sale of London-Luton Airport completed
London, United Kingdom - A 518-million-Euro operation
TBI, a company in which abertis owns a 90% stake and Aena Desarrollo International the remaining 10% stake, has completed the sale of the company that holds the concession of London-Luton Airport, after... more
Finance and economyFinmeccanica successfully issues a benchmark EUR 700 million of long 7-year bonds
Rome, Italy - Through its wholly owned subsidiary Finmeccanica Finance
Today Finmeccanica, through its wholly owned subsidiary Finmeccanica Finance S.A., successfully issued EUR 700 million of bonds in the capital markets. The issue has a long 7-year life, with maturity... more
Finance and economyAircraft and finance. Judge postpones decision over AA-US Airways-DoJ agreement
New York, USA - A decisive step towards the merger between the two carriers
Judge Sean Lane of New York's Bankruptcy Court postponed the final decision about the bankruptcy exit of AMerican Airlines to Wednesday 27 November 2013. AA filed in November 2011 for Chapter 11, a... more
Finance and economyAircraft and finance. Infratil concludes sale of Glasgow-Prestwick Airport to the Scottish Government for £1
Glasgow, United Kingdom - "The acquisition allows us to protect the jobs that directly and indirectly depend on it", Deputy Prime Minister Nicola Sturgeon claims
Infratil Limited has sold Glasgow Prestwick Airport to TS Prestwick Holdco Limited, an entity wholly owned by the Scottish Ministers, for cash consideration of £1. This is the second operation of this... more
Finance and economyAircraft and finance. Italian ATC service included in the government's asset sale
Rome, Italy - 40% of ENAV will be sold
The Italian government has launched a massive plan of sale of the stakes in some partially and wholly-owned companies, with the target of raising 10-12 billion Euros in 2014, reducing the national debt... more
Finance and economyAircraft and airlines. Alitalia: Air France has still a role in the discussions
Paris, France - "I hope for the best possible outcome for the two carriers", Francois Hollande claimed
Italian Prime Minister Enrico Letta met French President Francois Hollande: it emerged from the meeting that there is still the possibility for Air France to be a partner of Alitalia, despite the French... more
Finance and economyMerger of Gemina SpA (Aeroporti di Roma) with and into Atlantia SpA
Rome-Fiumicino, Italy - The merger deed signed yesterday
The companies announce that the deed for the merger of Gemina SpA (“Gemina”, Aeroporti di Roma) with and into Atlantia SpA (“Atlantia”) was signed yesterday. The deed envisages that the merger will ta... more
Finance and economyAircraft and finance. Brazilian airports: five consortiums running to obtain the concession
Brasilia, Brazil - The outcome will be known on Friday
The Brazilian government communicated that five international consortia will take part in the race to obtain the concession for the management of Rio de Janeiro-Galeao and Belo Horizonte-Confins airports.... more
Finance and economyNew Zealander government sells 20% of its flagship carrier
Auckland, New Zealand - A 240-million-Euro operation
The New Zealand government sold a 20% stake it owned in Air New Zealand, raising an overall amount of $NZ365 million (240 million Euros or 324 million dollars). The sale is part of a wide programme... more
Finance and economyAircraft and finance. Etihad Airways acquires 33.3% of Darwin Airline: Etihad Regional gest started
Abu Dhabi, United Arab Emirates - In June next year, the Middle-Eastern carrier will start to connect Abu Dhabi and Zurich
Etihad Airways is strongly continuing its strategy of acquiring stakes in other carriers, which in these months has seen the Abu Dhabi-based carrier focusing its attention in Europe: by the way, it has... more
Finance and economyAircraft and finance. After Air France's refusal, Alitalia looks at the Middle East
Rome, Italy - But there are alliance issues which should be solved
Air France's refusal to take part in Alitalia's capital increase is forcing the management of the main Italian carrier and the Italian government to look for alternative paths to ensure the survival of... more
Finance and economyAircraft and finance. IAG believes in Iberia: profit forecast raised
London, United Kingdom - Margins improve for British Airways, good results also for Vueling
International Airlines Group (IAG) raised its forecasts for profits for 2015, on the basis of a renewed confidence in Iberia's recovery, on improved margins for British Airways and savings from the integration... more
Finance and economyAircraft and finance. Air France says officially no to Alitalia's capital increase
Paris, France - The two companies will remain commercial partners
"Air France-KLM will not subscribe to the capital increase [of Alitalia]". With these words the French-Dutch group, confirming rumours which leaked during the past days, communicated its intention of not... more
Finance and economyEads reports improved nine-month (9m) results 2013
Amsterdam, Holland - Aircraft order, delivery guidance raised to reflect market demand
EADS reports improved nine-month (9m) results 2013. The highlights are: - Revenues increase 7 percent to € 40.0 billion - EBIT before one-off rises 22 percent to € 2.3 billion - Net Income ris... more
Finance and economyAircraft and finance. Flybe's main shareholder sells its stake; 15% collapse of the airline's shares
Exeter, United Kingdom - A few days ago the carrier had announced a plan which included the cut of 500 jobs
Rosedale Aviation, the main single shareholder of Flybe, sold its 48.1% stake in the main European regional carrier. The operation was probably generated by the growth of the value of the Exter-based company's... more
Finance and economyAircraft and finance. DoJ accepts settlement, AA-US Airways merger gets approval
Washington, USA - Go-ahead for the creation of the world's largest carrier
The Department of Justice (DoJ) of the United States announced it reached a settlement with American Airlines and US Airways for the merger of the two companies, which will create the world's largest carrier. The... more
Finance and economyAircraft and finance. Glasgow-Prestwick Airport ready to be sold. Cost: 1 pound
Glasgow, United Kingdom - The Scottish government is expected to close the purchase operation on November 20
The operation which will carry Glasgow-Prestwick Airport under public ownership is on the finish line: the sale to the Scottish government of the Ayrshire's hub by the current operator Infratil is indeed... more
Finance and economyAircraft and finance. Virgin America against AA-US Airways merger
Washington, USA - The first hearing of the lawsuit started by the Department of Justice is scheduled on November 25
Virgin America obtained from district judge Colleen Kollar-Kotelly the authorization to file a brief against the proposed merger of American Airlines and US Airways, which would create the world's largest... more
Finance and economyAircraft and finance. Air France says "No" to Alitalia's capital increase
Rome, Italy - According to "Le Figaro" the decision was already taken, the French airline hides itself behind a "No comment"
These hours are critical for Alitalia's future. Tomorrow, Wednesday 13 November 2013, a meeting of the board of directors of the main Italian carrier is on the schedule: the main point on the agenda will... more
Finance and economyAircraft and finance. Air France accepts no compromises: control of Alitalia or dilution of the stake to 6%
Rome, Italy - In case of a disengagement of the French carrier, a plan with 2000 job cuts is ready
A few days ago Roberto Colaninno had invited Air France not to "Take things too far" for the participation in the operation of Alitalia's capital increase (AVIONEWS). According to rumours, it seems that... more
Finance and economyBoD of Finmeccanica: the Interim Financial Report at 30 September and the results for the 3Q13
Rome, Italy - Aerospace and Defence in line with forecasts; still a negative performance for AnsaldoBreda
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Gianni De Gennaro, examined and unanimously approved the Interim Financial Report at 30 September 2013 and the results... more
Finance and economyAvolon: companies will need 125 billion dollars per year to finance aircraft purchases
Dublin, Ireland - Most of this amount will be achieved through the usual channels: commercial banks, lessors and export credit agencies
The aviation industry will take delivery of 3.5 trillion dollars (2.6 trillion Euros at the current exchange rate) of new commercial jets aircraft over the next 20 years, with an average of 125 billion... more
Finance and economyAircraft and finance. Ryanair cuts its profit forecasts once again
Dublin, Ireland - Shares of the Irish airline down by almost 12%
Ryanair issued today, Monday 4 November 2014, his second profit warning in two months (AVIONEWS). The announcement caused a decrease of almost 12% of the low-cost carrier share value, to 5.37 Euro. The... more
Finance and economyAircraft and finance. AA and US Airways ready to get rid of some slots to go on with the merger
Washington, USA - The companies are reportedly available to reduce their presence at "Reagan" Washington Airport to satisfy the Department of Justice
According to rumours reported by the "Wall Street Journal", American Airlines and US Airways are ready to sell some of their slots at Washington's "Reagan" National Airport and in sevreral other hubs across... more
Finance and economyAircraft and finance. AA, US Airways and Department of Justice accept mediation before merger's hearing
Washington, USA - If the intervention is not successful, the first hearing is scheduled on November 25
American Airlines, US Airways and the Department of Justice (DoJ) of the United States have accepted the intervention of a mediator which will have to try to find an agreement before the beginning of the... more
Finance and economyAirplanes and finance. Boeing reports strong third-quarter results
Chicago, Usa - And it raises 2013 EPS guidance
Boeing reports strong third-quarter results and raises 2013 EPS Guidance. The highlights are: - Core EPS (non-GAAP) rose 16 percent to $1.80 on strong operating performance; GAAP EPS of $1.51 -... more
Finance and economyAircraft and finance. Ferrovial sells 463-million-Euro stake in Heathrow Airport
London, United Kingdom - The purchaser is a British pension fund
Ferrovial has reached an agreement for the sale of a part of its stake in FGP Topco, the holding which owns Heathrow Airport Holdings (HAH), the management firm of London-Heathrow, the busiest European... more
Finance and economyAircraft and finance. Air France considers dilution of its stake in Alitalia
Paris, France - Rumours on the French press, no official declaration from the company
According to rumours reported in the morning of today, Monday 21 October 2013, by the French newspaper "Les Echos", Air France is taking into consideration the possibility of diluting its stake in Alitalia,... more
Finance and economyAircraft and finance. Partial privatization of Croatia Airlines gets Zagreb's approval
Zagreb, Croatia - The operation is expected to require 8-10 months
On Thursday 17 October 2013 Croatian Minister for Transport Sinisa Hajdas Doncic announced that the government of the Balkan country has approved the sale of a 49% stake in the state-owned carrier Croatia... more
Finance and economyAircraft and finance. European Commission about Alitalia: "Italy should have notified us in advance about the operation"
Brussels, Belgium - The EU antitrust watchdog will assess the intervention of Poste Italiane
As announced in the past days, the rescue plan of ALitalia is now under the lens of the European Commission: Brussels means to assess wheteher the measures which have been put in place can be considered... more
Finance and economyAircraft and finance. Brussels greenlights Aegean for Olympic's acquisition: "It would be forced to leave the market in any event"
Brussels, Belgium - A 72-million-Euro operation
The European Commission has cleared the proposed acquisition of Olympic Air by Aegean Airlines, both Greek air carriers, under the EU Merger Regulation. Brussels' in-depth investigation has shown that... more
Finance and economyAircraft and finance. Italian Transport Minister: "Alitalia is not Air France's Cinderella"
Rome, Italy - The French company wants guarantees to take part in the rescue plan
Italian Minister for Transport Maurizio Lupi restated the need of not closing out Alitalia, nd above all of defending its base of customers and jobs in the country. "Alitalia -the Minister explained... more
Finance and economyAlitalia Group: BoD and meeting today after the green light to financial plan of EUR 500 million
Rome, Italy - So divided: € 300 million by way of capital increase; € 200 million of new lines of credit
The Board of Directors of Alitalia -Compagnia Aerea Italiana SpA, chaired by Roberto Colaninno, met last Friday in Rome. The BoD unanimously approved a final budget package totaling € 500 million a... more