Finance and economy
3,155 news found
Finance and economyAircraft and finance. Swissport enters the handling division of Scandinavian Airlines
Stockholm, Sweden - New initiative in the context of the "4 Excellence Next Generation" restructuring plan
Swissport International and Scandinavian Airlines (SAS) signed an agreement by which the Swiss firm acquires a 10% stake in each of SAS' three ground handling companies in Denmark, Norway and Sweden. The... more
Finance and economyAircraft and finance. Virgin Australia issues notes for 732 million dollars
Canberra, Australia - Investment secured by 24 aircraft of the fleet
Virgin Australia Holdings sent a statement to the Australian Securities Exchange regarding the issue of notes for an overall value of about 732.6 million Australian dollars (732 million US dollars or 539... more
Finance and economyAircraft and finance. Air France: the plan for Alitalia is a guillotine
Rome, Italy - Cut of 4000 jobs, halved fleet, Fiumicino transformed into a second-choice hub
The metting for Alitalia which was held in Rome's Palazzo Chigi with Italian Prime Minister Enrico Letta, the main Italian shareholders, the suppliers, the banks and the Cassa Depositi e Prestiti (an Italian... more
Finance and economyAircraft and finance. Indian government gives final approval to Etihad's entrance in Jet Airways
New Delhi, India - The Middle-Eastern carrier will purchase more than 27 million shares for 332 million dollars
On Friday 4 October 2013 the Indian government provided its final approval to the entrance of Etihad Airways in Jet Airways with a 24% stake: the announcement was given by Uday Morey, spokesperson of the... more
Finance and economyAircraft and finance. American Airlines-US Airways merger: court rejects DoJ's request to postpone the hearing
Washington, USA - The operation, the Judge claimed, has already been delayed by the legal action
Judge Colleen Kollar-Kotelly of US' district court in Washington, DC rejected the request for a postponement filed by the Department of Justice (DoJ) relative to the hearing for the block of the merger... more
Finance and economyAircraft and finance. Republic Airways gets rid of Frontier Airlines in a 145-million-dollar deal
Indianapolis, USA - The operation is expected to be concluded by December
Republic Airways announced the sale of its subsidiary Frontier Airlines to private equity firm Indigo Partners in an operation which is expected to have an overall value of 145 million dollars (107 million... more
Finance and economyAircraft and finance. US' Department of Justice asks postponement of trial against merger of American and US Airways
Washington, USA - The litigation has so far produced almost two million documents
On Tuesday 1st October 2013 the Department of Justice (DoJ) of United States asked US District Judge Colleen Kollar-Kotelly to hold off on the trial relative to the stoppage request for the merger between... more
Finance and economyAutogrill: new share capital
Milan, Italy - And updated by laws
The structure of the share capital of Autogrill SpA, fully subscribed and paid in, has changed following execution of the deed of proportional partial demerger of Autogrill SpA in favour of World Duty... more
Finance and economyAircraft and finance. Gilberto Benetton: "Air France would be a good controlling investor for Alitalia"
Rome, Italy - But, the shareholder clarifies, "The government must control the situation"
On Tuesday 1st October 2013 Gilberto Benetton, who owns an 8% stake in Alitalia through Atlantia, expressed his opinion about the possible acquisition of the main Italian carrier by Air France: "The French... more
Finance and economyEmirates might issue bonds for 4.5 billion dollars to fund new aircraft deliveries
Dubai, United Arab Emirates - 22 billion are needed in the next four years
Brian Jeffery, Emirates senior vice-president for corporate treasury, declared that the Dubai-based company might issue bonds for 4.5 billion dollars (3.33 billion Euros) during fiscal year 2014, in order... more
Finance and economyAircraft and finance. Alitalia acquisition: Air France-Klm group wants more information
Paris, France - The Dutch side of the holding does not seem too sure of the investment
The meeting of the board of directors of Air France-KLM on Monday 23 September was considered a very important turning point towards the possible acquisition of Alitalia by the French-Dutch group. "The... more
Finance and economyAircraft and finance. Air France's board will meet on September 23 to discuss the acquisition of Alitalia
Paris, France - The summit of the Italian airline will take place three days later
According to rumours gathered by "Bloomberg", Air France-KLM's board of directors will meet on September 23 in order to discuss of the possible acquisition of Alitalia. The lock-out which prevents the... more
Finance and economyAircraft and finance. Luxembourg is in talks with Chinese investors over sale of a stake in Cargolux
Luxembourg, Luxembourg - The shares are the ones which were sold back some months ago by Qatar Airways
The Government of Luxembourg confirmed it is in talks with China's Henan Civil Aviation Development and Investment (HNCA) for the sale of a 35% stake in Cargolux. The shares are the ones which were... more
Finance and economyAircraft and finance. Alitalia: is the entrance of both Air France and Etihad the best solution?
Rome, Italy - Board meeting of September 26 is important to find new capitals
The main target for Alitalia and its Chief Executive Officer Gabriele Del Torchio, who has been leading the main Italian airline for just a few months, is still the same: managing to find the needed capitals... more
Finance and economyAircraft and finance. Etihad Airways increases its stake in Virgin Australia
Abu Dhabi, United Arab Emirates - The Middle-Eastern company is now the third largest shareholder in the carrier
Etihad Airways increased its stake in Virgin Australia Holdings, passing from 12.3% to 13.4%. The Abu Dhabi-based carrier is now the third largest shareholder of the Australian company, after Air New Zealand... more
Finance and economyFinmeccanica confirmed in the Dow Jones Sustainability Indexes World and Europe
Rome, Italy - For the fourth consecutive year
Finmeccanica has been selected and admitted for the fourth consecutive year to the Dow Jones Sustainability Indexes (DJSI) that reward the behaviours of the companies most committed to sustainability themes. The... more
Finance and economyAircraft and finance. Turkish Airlines denies report it is interested in Croatia Airlines
Zagreb, Croatia - The company contradicts claims from the Transport Minister of the Balkan country
A few days ago Hajdas Doncic, Croatia's Minister for Sea, Transport and Infrastructure, declared that among he companies which expressed an interest in acquiring a stake in the state-owned carrier Croatia... more
Finance and economyAircraft and finance. Province of Venice sells Save shares and teases the Municipality
Venice, Italy - "There is someone who sells badly", the Budget Councillor claims
The Province of Venice has published the documents with which it puts officially up for sale a 2% stake in Save, the management firm of Venice-Tessera "Marco Polo" Airport. The shares which are put... more
Finance and economyAircraft and finance. Merger operation between DAE and BBA Aviation stopped
Dubai, United Arab Emirates - The news generates a sharp decrease of the shares of the British company
Dubai Aerospace Enterprise (DAE) officially communicated it is no longer in talks with BBA Aviation for a possible integration of certain parts of their companies. The announcement caused a sharp decrease... more
Finance and economyAircraft and finance. Serbian competition watchdog approves Etihad/Jat Airways tie-up for the creation of a new carrier
Belgrade, Serbia - The network of Air Serbia will include 12 additional destinations
The Serbian Competition Protection Commission provided its approval to the creation of Air Serbia: the antitrust watchdog of the Balkan country has indeed ruled that the acquisition of a 49% stake of the... more
Finance and economyAircraft and finance. Ryanair downsizes its growth forecasts
Dublin, Ireland - The stocks of the low-cost company fall
Ryanair issued a profit warning for its investors, claiming that its growth and profit forecasts for the ongoing fiscal year will not be met. The profits forecast this year was between 570 and 600 million... more
Finance and economyAircraft and finance. Hochtief completes sale of its shares in Sydney Airport
Essen, Germany - The German company expects to conclude the whole operation of the sale to Psp by year's end
Hochtief AirPort completed the transfer its shares in Sydney Airport to the Canadian investor Public Sector Pension Investment Board (PSP Investments, Canada). The transaction resulted in a cash inflow... more
Finance and economyAircraft and finance. Province of Venice sells part of its stake in the management firm of the airport
Venice, Italy - Proceeds of 15 million Euros expected
The Province of Venice is going ahead with its programme for the sale of the shares of Save, the management firm of Venice-Tessera "Marco Polo" Airport, which is aimed to maintain the stability of the... more
Finance and economyAircraft and industry. Marshall ADG acquires Hawker Beechcraft Ltd
Cambridge, United Kingdom - The name of the company will be changed in Marshall Aviation Services
Marshall Aerospace and Defence Group (Marshall ADG) acquired Hawker Beechcraft Limited, the MRO (Maintenance, Repair and Overhaul) division for Europe, Middle East and Africa of the historical US' aerospace... more
Finance and economyAircraft and finance. Aegean Airlines cuts its costs and is back in the black in the first half of 2013
Athens, Greece - Operating profit of 30.4 million Euros
The heavy economic crisis which has hit Greece has obviously involved also the air transport sector, creating difficulties to airports and carriers. However, Aegean Airlines, thanks to a cost reduction... more
Finance and economyAutogrill: World Duty Free SpA files application for admission to listing
Milan, Italy - As part of the proportional partial demerger approved by the meetings of the two companies last June
World Duty Free SpA (WDF) filed last Friday an application for the listing of its ordinary shares on the Mercato Telematico Azionario (electronic stock market) organised and managed by Borsa Italiana SpA. The... more
Finance and economyAircraft and finance. Ryanair announces fighting against the decision of UK's competition watchdog
Dublin, Ireland - "This report is manifestly wrong"
On Wednesday 28 August 2013 the Competition Commission of the United Kingdom required Ryanair to sell its 29.8 per cent stake in Aer Lingus down to 5 per cent (AVIONEWS). In its report the antitrust watchdog... more
Finance and economyAircraft and finance. UK's competition watchdog requires Ryanair to sell 5% of Aer Lingus shares
Dublin, Ireland - The low-cost company will be obliged not to seek or accept board representation in the legacy airline
On Wednesday 28 August 2013 the Competinio Commission of the United Kingdom required Ryanair to sell its 29.8 per cent stake in Aer Lingus down to 5 per cent. This will be accompanied by obligations on... more
Finance and economyAircraft and finance. Dubai Aerospace prepares merger with BBA Aviation
Dubai, United Arab Emirates - The integration would involve some parts of the two companies
On Tuesday 27 August 2013 Dubai Aerospace and BBA Aviation officialy confirmed they are in talks for a possible integration of certain parts of their companies. Dubai Aerospace Enterprise (DAE) is an... more
Finance and economyAircraft and finance. All Nippon Airways means to purchase a 49% stake in Asian Wings
Tokyo, Japan - It would be the first investment in a Myanmar-based carrier from a foreign company
ANA Group, parent company of All Nippon Airways, announced on Tuesday 27 August 2013 the intention to acquire a 49% stake in Asian WIngs Airways, in order to expand its presence in the lucrative market... more
Finance and economyAircraft and finance. Ryanair might be forced to sell its stake in Aer Lingus
Dublin, Ireland - According to rumours, the ultimatum of the competition Commission might arrive on Tuesday
According to rumours reported by the British media, this week Ryanair might receive an ultimatum from UK's Competition Commission for the sale, total or partial, of the stake that the low-cost carrier... more
Finance and economyAircraft and finance. Save: changes in the ownership structure of Venice Airport's management firm
Venice, Italy - Amber Capital increases its stake to 16.5% and strengthens its position as second shareholder
Small but significant changes in the ownership structure of Save, the management firm of Venice-tessera "Marco Polo" Airport: as communicated by Borsa Italiana, Amber Capital purchased 774,223 shares (2%),... more
Finance and economyAircraft and finance. Air Canada announces results for the second quarter 2013
Montreal, Canada - Positive not only in financial terms, but also improvements in the operating performance
Air Canada reports second quarter 2013 results. The highlights are: - Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of... more
Finance and economyAircraft and finance: deadline extended for ILFC sale
New York, USA - The Chinese consortium will have time until 31 August
Today has come the news about the extension of the deadline for the sale of ILFC (International Lease Finance Corporation), one of the reference aircraft leasing companies in the world. It has been... more
Finance and economySpiceJet could sell stake to Tigerair
Singapore, Singapore - According to airline sources
The Indian low-cost carrier SpiceJet, would be currently in negotiations with the Singapore low-cost airline Tigerair for the sale of part of its stake and a code-sharing agreement. The news has been... more
Finance and economyAircraft and transport: Turkish Airlines interested in acquiring Olympic Air
Athens, Greece - It would like to acquire 100% of the Greek airline
Turkish Airlines (Thy) is interested in acquiring 100% of the shares of the Greek airline Olympic Air. The news of the possible sale has not been well received by the Hellenic airline’s employees a... more
Finance and economyAircraft and finance. Hochtief will take part in the tender for "LaGuardia" New York Airport
New York, USA - For the new terminal building and management
The German company Hochtief will participate in the tender for the concession of the building of the new terminal in "LaGuardia" New York Airport. The building company based in Essen, Germany, will... more
Finance and economyAircraft and finance. Iberia restcturing improves IAG's performance
London, United Kingdom - "There remains a lot of work to do [but] the trend is clearly positive", Willie Walsh claims
The implementation of Iberia' restructuring plan is producing positive results for IAG, (International Airlines Group, the holding which includes the most important Spanish company and British Airways). During... more
Finance and economyItaly. Milan airports: Board of Directors approves six month financial report at June 30, 2013
Milan, Italy - Decrease of the passenger traffic in two airports of Linate and Malpensa
The Board of Directors of SEA SpA (Milan airports management company) approved yesterday the six month financial report of the Group at June 30, 2013, during its meeting, under the presidency by Pietro... more
Finance and economyAircraft and finance. TBI sells London-Luton Airport for 502 million Euros
London, United Kingdom - The purchaser is a consortium formed by AENA and AXA Private Equity
TBI, a company owned by abertis (90%) and Aena Internacional (10%), has agreed to sell the company holding the concession for London Luton Airport to a consortium formed by Aena (51%) and AXA Private Equity... more
Finance and economyEADS appoints broker to manage share buyback programme
Amsterdam, Holland - To purchase them for the period from August 1 to October 25, 2013
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 the... more
Finance and economyFinmeccanica: the Board of Directors approves the half-year financial report at 30 June
Rome, Italy - The main figures of the first six months and of the second quarter 2013
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Giovanni De Gennaro, has examined and unanimously approved the Half-Year Financial Report at 30 June 2013. Comments... more
Finance and economyEADS reports half-year results in 2013 driven by its commercial aircraft business
Amsterdam, Holland - Strategy Review Update
EADS reports solid Half-Year (H1) results. • Revenues increase 6 percent to € 26.3 billion • EBIT before one-off rises 21 percent to € 1.6 billion • Net Income rises 31 percent to € 759 million... more
Finance and economyAutogrill: Board of Directors approves results at 30 June 2013
Milan, Italy - Group results buoyed by strong airport operations
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results to 30 June 2013. Warning Following the approval of the demerger project by the shareholders’ m... more
Finance and economyAircraft and finance. Consortium with TAV and ADP qualifies for New York's "LaGuardia" airport tender
New York, USA - The hub's terminal operates well above its capacity
The LGA Central Terminal Consortium received preliminary qualification to place a bid in the tender for the design, build, finance, operate and maintain the new Central Terminal Building of New York's... more
Finance and economyAvio: results for the first half of 2013
Rivalta di Torino, Italy - Order backlog to 6.9 billion euro
The Board of Directors of Avio SpA has reviewed the figures for the first half of 2013. The company reported revenue of 1,244 million euro for the period ended on June 30, marking an increase of approximately... more
Finance and economyAircraft and finance. Haji-Ioannou increases its stake in fastjet
London, United Kingdom - "I have faith that Ed Winter will take the company to the next level"
British entrepreneur Sir Stelios Haji-Ioannou, who is mainly known in the air transport industry to be the founder of easyJet, increased his stake in fastjet, the African low-cost company which started... more
Finance and economyAir India obtains bridge-loan for Dreamliner aircraft
Mumbai, India - The agreement reaches a 500 million dollars value
The Indian flag carrier Air India will have a 500 million dollar bridge loan for the purchase of Boeing 787 Dreamliner aircraft. Airline sources announced: "We have got financing for all the five Dreamliners... more
Finance and economyAircraft and finance. American Airlines issues EETC for 1.4 billion dollars
Fort Worth, USA - Investment secured by 75 airplanes
American Airlines announced the private offering of Class A Pass Through Certificates in the aggregate face amount of more than 1.4 billion dollars (about 1.07 billion Euros or 917 million pounds). The... more
Finance and economyAircraft and transport. EasyJet's revenues are flying higher than forecasts
London, United Kingdom - Pre-tax profits should be between 450 and 480 million pounds
The latest financial figures relative to easyJet show that the profits of the second largest European low-cost carrier for the current fiscal year will probably exceed the analysts' forecasts, thanks to... more