Finance and economy
3,155 news found
Finance and economyEADS confirms the conclusion of an agreement with the French State
Amsterdam, Holland - For the acquisition of a stake of 1.56% in the Group for EUR 482.7 million
Further to its announcement of 15 April 2013 and in the frame of its share buyback programme, EADS confirms the conclusion of a share purchase agreement with the French State for the acquisition off-market... more
Finance and economyAircraft and finance. Lebanon's MEA interested in acquiring Cyprus Airways
Nicosia, Cyprus - The fleet of the Cypriot carrier to be downsized
Cyprus Airways confirmed rumours about a possible sale of the main Cypriot carrier, which is partially state-owned, communicating that the executives of the company and Transport Minister Tasos Mitsopoulos... more
Finance and economyEADS: discussions with the French State for the potential acquisition of a stake of 1.56%
Amsterdam, Holland - It will communicate the details later
In the frame of its 18-month share buyback programme announced on 2 April 2013, EADS indicates that it is entering into discussions with the French State for the potential acquisition off-market of a stake... more
Finance and economyAircraft and transport. Almunia: "Blocking Ryanair's takeover of Aer Lingus wasn't a political decision"
Washington, USA - The European Commissioner for Competition defends Brussels' decision
The European Commissioner for Competition Joaquín Almunia, speaking with journalists during a visit in Washington to meet his US' counterparts of the Federal Trade Commission, commented the missed approval... more
Finance and economyAircraft and finance. New Blue Air board is looking for investors
Bucharest, Romania - According to sources of the Romanian airline, six firms have already shown their interest
Blue Air's new board of directors, which started its work yesterday, Thursday 11 April 2013, is looking for partners available to invest in the Romanian low-cost carrier. The new managing staff includes... more
Finance and economyUS Airways: 820 million dollars in EETC to finance purchase of 18 Airbus aircraft
Tempe, USA - Issue on April 24, distributions in 2021 and 2025
US Airways announced that it priced an offering of two classes of Enhanced Equipment Trust Certificates (EETC) in the aggregate face amount of approximately 820 million dollars (about 625 million Euros... more
Finance and economyAircraft and finance. IAG CEO: no merger between Vueling and Iberia
Abu Dhabi, United Arab Emirates - "The low-cost carrier will operate as a stand-alone entity in the group"
Meeting the journalists on the sidelines of the "Tourism Council Global Summit" in Abu Dhabi Willie Walsh, Chief Executive Officer of International Airlines Group (IAG, the holding which includes British... more
Finance and economyAircraft and finance. Vueling's board asks shareholders to accept IAG's offer
Madrid, Spain - The way for the integration of the low-cost carrier in the Anglo-Spanish holding is now paved
Vueling's board of directors, after the meeting held in the evening of Tuesday 9 April 2013, recommended its shareholders to accept the takeover offer presented by IAG (International Airlines Group, the... more
Finance and economyAircraft and finance. Matutes will not make a counter-offer for Vueling
Madrid, Spain - According to rumours, the Spanish group had plans to try the takeover of the low-cost carrier
Spain's Grupo Empresas Matutes denied it is planning to present an offer for the acquisition of the carrier Vueling in a bulletin sent to the Comisión Nacional del Mercado de Valores (CNMV), the Spanish... more
Finance and economyEADS about share buyback programme status: acquired 1.61% of its own shares
Amsterdam, Holland - For an amount of EUR 500 million
EADS acquired 1.61 percent of its own shares for an amount of € 500 million in the placement made by Lagardère of its full stake in EADS as published on 8 April 2013. This repurchase by EADS took place in... more
Finance and economyAircraft and finance. Privatization of the management firm of Palermo Airport gets started
Palermo, Italy - Interest from Argentina and Middle East
The privatization process of Gesap, the management firm of Palermo "Falcone and Borsellino" Airport, gets started today, Monday 8 April 2013. Municipality, Province and Chamber of Commerce of Palermo... more
Finance and economyAircraft and finance. Lagardère Group confirms disposal of its stake in EADS by the end of July
Paris, France - A "Significant portion" of the proceeds would be distributed to the shareholders
The French group Lagardère confirmed today, Friday 5 April 2013, its intention to dispose of its 7.5% stake in European Aeronautic Defence and Space Company (EADS) by July 31, 2013. an operation which... more
Finance and economyAircraft and finance. Lebedev sells Red Wings for 0.02 Euro
Moscow, Russia - The Russian billionaire has not disclosed the names of the buyers
He said it, he did it. When a few weeks ago billionaire Alexander Lebedev announced his intention to sell Red Wings, the low-cost company whose Air Operator Certificate (AOC) was revoked on February 4... more
Finance and economyInvestissement Québec earmarks 1 billion dollars to support the sales of Bombardier's CSeries aircraft
Montreal, Canada - The financing will cover about 10% of the purchase price
Investissement Québec, the Canadian public corporation whose mission is to contribute to Québec’s economic development by stimulating investment and fostering employment, earmarked 1 billion US dollars (ro... more
Finance and economyAircraft and finance. IAG's offer for Vueling gest approval of Spain's Securities Market Commission
Madrid, Spain - The acceptance period will end on April 19
The Comisión Nacional del Mercado de Valores (CNMV), the Spanish government agency responsible for the financial regulation of the securities markets, communicated it has authorized the increase of the... more
Finance and economyAircraft and finance. Pegasus Airlines: around a third of the company for sale in mid-April
Istanbul, Turkey - The offer is mainly oriented towards foreign investors
According to rumours, in mid-April Pegasus Airlines will launch an initial public offering of around one third of the stock of shares of the Turkish carrier. The operation, which has Barclays and Is Yatirim... more
Finance and economyAircraft and finance. Intro Aviation might acquire a majority stake in Adria Airways
Ljubljana , Slovenia - The company owned by the Slovenian government could be integrated into the Air Berlin Group
Intro Aviation, one of the most important consultancy firms in the aviation industry, is close to acquire a majority stake in Adria Airways, the airline owned by the Government of Slovenia. The intention... more
Finance and economyAircraft and finance. European Investment Bank supports airport development in the South Pacific
Luxembourg, Luxembourg - 1.1 million dollars for interventions in the Cook Islands and Samoa
The European Investment Bank (EIB), the long-term lending institution of the European Union which supports the EU's political goals, has agreed to help examine safety improvements, upgrading of terminal... more
Finance and economyAircraft and finance. American Airlines gets court approval for the merger with US Airways
New York, USA - 20-million-dollar severance package for AA's CEO Tom Horton blocked
Sean Lane, judge of New York's Bankruptcy Court, provided his approval to the 11-billion-dollar mega-merger between American Airlines and US Airways, an operation which would create the world's largest... more
Finance and economyFinmeccanica: rescheduling of financial calendar for 2013
Rome, Italy - Fixed in April, May and June
Following the announcement of 21 February 2013 and as partial amendment to the Financial Calendar released on 19 December 2012, Finmeccanica informs that: · the Board of Directors Meeting to approve... more
Finance and economyAircraft and finance. IAG increases its offer for Vueling
London, United Kingdom - 9.25 Euro per share to acquire the low-cost carrier
International Airlines Group (IAG), the holding which includes British Airways and Iberia, communicated on Wednesday 27 March 2013 it has raised its takeover offer for the Spanish low-cost airline Vueling... more
Finance and economyPlanes and finance. Qantas, long-term leases for sale in 4 airports
Sydney, Australia - The Australian company would retrieve fund to reinvest in airports grounds in the future
During a briefing with some financial analysts, the Australian company Qantas has announced its intention to get rid of leases due to expire in 2018 and 2019. The operation started in October 2012... more
Finance and economyFinancing of 190 million dollars from Ex-Im Bank for El Al Israel Airlines' B-737/900ER aircraft
Washington, USA - According to Boeing, the operation will support up to 1300 US jobs
The Export-Import Bank of the United States (Ex-Im Bank), the official export credit agency of the United States federal government, communicated it has approved more than 190 million dollars in financing... more
Finance and economyAircraft and finance. Lufthansa ready to acquire 100% of Brussels Airlines
Frankfurt, Germany - The operation will be finalised when the Belgian carrier's restructuring is completed
Lufthansa Group, which includes the Europe's largest airline in terms of passengers carried and number of aircraft in the fleet and numerous subsidiaries, will finalize the acquisition of Brussels Airlines... more
Finance and economyMBDA: results 2012, a year of contrasts for the industry
Rome, Italy - Order intake at EUR 2.3 billion
MBDA, European and global player in the missile and missile system sector, achieved a turnover of 3 billion euros in 2012, equaling the figure recorded in 2011. Order intake at 2.3 billion euros as compared... more
Finance and economyAirbus: MoU signed on aircraft financing and leasing
Blagnac, France - With ADNL, the Abu Dhabi partner
Airbus signed on March 21 a Memorandum of Understanding (MoU) on cooperation in aircraft financing and leasing with Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the... more
Finance and economyAircraft and finance. Fastjet: "Significant step" towards the acquisition of 1time
London, United Kingdom - But the low-cost carrier is also considering "Alternative partnerships"
Fastjet, the new African low-cost carrier created by Sir Stelios Haji-Ioannou, who is known in this industry especially for being the founder of easyJet, is making progresses in the path to acquire 1time,... more
Finance and economyAircraft and finance. SkyWest Airlines's takeover by Virgin Australia receives approval
Canberra, Australia - The regional carrier will operate under the Virgin brand, but will maintain its management team
The Foreign Investment Review Board (FIRB), the Australian agency which examines proposals by foreign persons to invest in the country, provided its approval for the takeover of SkyWest Airlines by Virgin... more
Finance and economyAirplanes and technology. EADS-EIB: the European Investment Bank supports innovation programmes of the Group
Amsterdam, Holland - Announced the signature of a EUR 300 million finance contract
The European Investment Bank (EIB) and EADS have announced the signature of a € 300 million finance contract in support of EADS Group’s innovation and R&D programmes. This loan reflects the long-standing qua... more
Finance and economyAircraft and finance. Lufthansa forecasts limited profits for the next two years
Cologne, Germany - "We should not get our expectations too high for 2013"
Lufthansa announced that the operating profit relative to 2013 and 2014 will be limited, because of the costs of the ongoing restructuring process and the negative economic environment. The German carrier... more
Finance and economyAircraft and finance. Entrance of Korean Air in Czech Airlines: the details
Prague, Czech Republic - The Asian carrier might increase its stake up to 50% minus one share
In a press conference in Prague Miroslav Dvorak, Chairman and Chief Executive Officer of Cesky Aeroholding, Czech Airlines' (CSA) parent company explained the details of the acquisition of a 44% stake... more
Finance and economyQantas engineers demand postponement of the approval of the partnership with Emirates
Canberra, Australia - Alaea complains about a lack of transparency
Qantas engineers requested to the Australian Competition & Consumer Commission (ACCC) to postpone by 3 months its decision regarding the approval of the partnership between the main airline of the country... more
Finance and economyAircraft and finance. Lebedev wants to sell Red Wings for 0,02 Euro
Moscow, Russia - The airline will be offered to United Aircraft Corporation and Vnesheconombank
According to reports provided by Russian media, billionaire Alexander Lebedev means to sell red Wings, the low-cost company whose Air Operator Certificate (AOC) was revoked on February 4 by Rosaviatsia,... more
Finance and economyAmerican Airlines issues 663 million dollars in EETC secured by 13 aircraft
Fort Worth, USA - Operation divided into two tranches
AMR Corporation, American Airlines' parent company, announced that its subsidiary, which is currently involved in a multi-billion merging operation with US Airways, is offering two tranches of enhanced... more
Finance and economyAircraft and finance. Paris and Amsterdam operators to jointly bid for Rio de Janeiro airport
Amsterdam, Netherlands - ADP and Schiphol Group will team up with two local firms
Aéroports de Paris (ADP), management firm of the "Charles De Gaulle" and Orly airports of the French capital, and Schiphol group, which operates Amsterdam's hub, one of the most important in Europe, will... more
Finance and economyAircraft and finance. Virgin Australia's takeover of Tiger Airways: ACCC postpones its decision
Canberra, Australia - The antitrust authority wants further information about the transaction
The Australian Competition and Consumer Commission decided to postpone its decision, which was initially scheduled to arrive by March 14, relative to the proposed acquisition of Tiger Airways Australia... more
Finance and economyAircraft and finance. Vueling board asks shareholders to reject IAG's proposal
Madrid, Spain - The initial offer (7 Euro per share) is now lower than the market value
Vueling's board of directors recommended its shareholders to reject the takeover offer presented by IAG (International Airlines Group, the holding which includes British Airways and Iberia), since it is... more
Finance and economyAutogrill's BoD approves the financial statements at 31 December 2012
Milan, Italy - There was growth in airport sales
The Board of Directors of Autogrill SpA met today and examined and approved the consolidated financial statements and the Company’s draft financial statements for 2012. The highlights are: · Co... more
Finance and economyAircraft and transport. Korean Air's offer for Czech Airlines backed by Prague's Minister for Finance
Prague, Czech Republic - "The sum is adequate", Kalousek claims
Miroslav Kalousek, Minister for Finance of the Czech Republic, declared the intention to provide his support to the offer made by Korean Air for the purchase of a 44% stake in the state-owned carrier Czech... more
Finance and economyAircraft and finance. B&H Airlines faces possible bankruptcy
Sarajevo, Bosnia and Herzegovina - Austrian bank blocks the company's accounts
Enver Bijedic, the minister for transport and communications of Bosnia and Herzegovina, declared that B&H Airlines is facing a concrete risk of bankruptcy, because of the outstanding debt with an Austrian... more
Finance and economy1.1-billion-dollar financing for Lion Air B-737/900ER aircraft approved by US Ex-Im Bank
Washington, USA - Airplanes destined to the Indonesian carrier and its subsidiaries Batik Air and Malindo Airways
The Export-Import Bank of the United States (Ex-Im Bank), the official export credit agency of the United States federal government, communicated it has approved a final commitment of 1.1 billion dollars... more
Finance and economyAircraft and finance. Emirates reportedly ready to issue Islamic bonds
Dubai, United Arab Emirates - Six banks hired to arrange meetings with investors
According to rumours released by media in the United Arab Emirates, the Dubai-based carrier is ready to issue a second Islamic bond, the so-called Sukuk, worth 500 million dollars (roughly 383 million... more
Finance and economyAircraft and finance. Korean Air's offer for Czech Airlines is probably the only one Prague has received
Prague, Czech Republic - The Asian company confirms its interest, Prague's Ministry of Finance declines to comment
On Monday 4 March 2013 Korean Air, through its spokesperson Nathan Cho, officially confirmed its interest into the acquisition of a 44% stake in Czech Airlines, the carrier owned by the government of the... more
Finance and economyAircraft and finance. Failed Aer Lingus takeover by Ryanair (3): the reactions
Brussels, Belgium - The low-cost carrier announces its appeal to the EU's General Court
The prohibition to the third takeover attempt of Aer Lingus by Ryanair calls a halt to a very long affair which in the past months gathered the attention of the whole air transport industry. Brussels'... more
Finance and economyAircraft and finance. Red light for the takeover of Aer Lingus by Ryanair: the European Commission explains its reasons
Brussels, Belgium - According to Brussels, the operation would have created a monopoly
The European Commission has prohibited, on the basis of the EU Merger Regulation, the proposed takeover of the Irish flag carrier Aer Lingus by the low-cost airline Ryanair. The acquisition would have... more
Finance and economyEADS Group, full year results 2012: strong revenue and profit growth
Amsterdam, Holland - The order intake totalled € 102.5 billion
EADS reports strong full year results 2012. The highlights are: • Revenues increase 15 percent to € 56.5 billion • EBIT before one-off up 68 percent to € 3.0 billion • Net Income rises 19 percen... more
Finance and economyAircraft and finance. 120-million-Euro bond for airberlin
Berlin, Germany - Etihad Airways to subscribe a 29,21% share
Airberlin is launching a new convertible bond of approximately 120 million Euro with a maturity of six years. The bonds, which can be converted into Air Berlin PLC stock, are issued at 100% of nominal... more
Finance and economyairberlin: the financial results 2012. Its membership in the oneworld alliance presents further opportunities for growth with access to new destinations
London, UK - The strategic partnership with Etihad Airways has generated additional income
airberlin, the German airline, has returned to profitability. Air Berlin PLC recorded an operating profit before interest and tax (EBIT) of EUR 70.2 million in 2012, reflecting a significant improvement... more
Finance and economyUSA-South Korea agreement for financing of cargo aircraft
Washington, USA - Ex-Im Bank will be able to provide loan guarantees for up to 85% of the cost
On Tuesday 26 February 2013 the Export-Import Bank of the United States (Ex-Im Bank) and the Export-Import Bank of Korea (KEXIM) signed a joint financing framework agreement for US-manufactured cargo aircraft... more
Finance and economyAircraft and finance. MAG interested in Chicago "Midway" Airport
Manchester, United Kingdom - In partnership with IFM, as it did for London-Stansted
Manchester Airports Group is one of the companies interested in the management of Chicago "Midway" Airport: the British firm will run in the tender together with Australia's Industry Funds Management (IFM),... more