Finance and economy
3,217 news found
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
Finance and economyAircraft and finance. Ryanair offers to sell its stake in Aer Lingus
Dublin, Ireland - The low-cost company attacks the UK's Competition Commission: "Unfounded and invented concerns"
On Tuesday 23 July 2013 in a surprise move Ryanair declared it is available to sell uinconditionally its 6-and-a-half-year-old 29% stake in Aer Lingus to any other EU airline that makes an offer for the... more
Finance and economyAircraft and finance. Virgin Australia completes acquisition of a 60% stake in Tiger Airways
Canberra, Australia - John Borghetti appointed president of the low-cost carrier
Virgin Australia Holdings completed the acquisition of a majority stake in the low-cost carrier Tiger Airways. The agreement between the two companies was reached in October 2012: the Brisbane-based... more
Finance and economyAircraft and finance. Wizz Air to be listed at London Stock Exchange?
London, United Kingdom - The possible IPO would have a value of 930 million Euros
According to rumours which are circulating on the financial media Wizz Air, the largest East-European low-cost carrier, means to be listed at London Stock Exchange. The Hungarian company has reportedly... more
Finance and economyAircraft and courts. USA: legal action against American Airlines-Us Airways merger
San Francisco, USA - The Fort Worth-based company defends the operation: "Baseless lawsuit"
A group of consumers started a legal action in federal district court in San Francisco against the proposed merger of American Airlines and US Airways, an operation which would create the world's largest... more
Finance and economyAircraft and industry. Avio acquisition by General Electric: Brussels clears the operation
Brussels, Belgium - The European Commission accepts the commitments of the US' company
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the aviation business of Avio (Italy) by General Electric (GE) of the United States. The decision is conditional... more
Finance and economyAircraft and finance. France sells 9.5 million shares in Aeroports de Paris
Paris, France - Paris keeps a 50.63% stake in the airport operator
France's Ministry for Finance and the Fonds Stratégique d'Investissement sold an overall stake of 9.5 million shares in Aeroports de Paris (AdP), the management firm of Paris' "Charles de Gaulle" and... more
Finance and economyAircraft and finance. British Airways issues 927-million-dollar EETCs
London, United Kingdom - "We diversify our sources of funding", IAG's CFO comments
International Consolidated Airlines Group announced the successful launch by British Airways of an inaugural 927-million-dollar publicly-traded bond issue, using aircraft as collateral. These bonds are... more
Finance and economyAircraft and finance. Finnair denies the hypothesis of a merger with SAS
Vantaa, Finland - "Declarations taken out of context", the company claims
Finnair denied the possibility of a merger with Scandinavian Airlines (SAS), which emerged during an interview released by the Chief Executive Officer of the Finnish carrier to the Danish financial newspaper... more
Finance and economyUS Ex-Im Bank: court rejects Delta's appeal and confirms financing for Air India aircraft
Washington, USA - "This represents a victory for tens of thousands of American aerospace workers", the president of the agency claims
Washington Appeal Court rejected the appeal which was presented by Delta Air Lines and the Airline Pilots Association against the Export-Import Bank, the agency for export credit agency of the government... more
Finance and economyAircraft and finance. Spain: privatization in view for AENA?
Madrid, Spain - The public offer might involve a stake between 40% and 60%
According to rumours reported by the Spanish financial newspaper "Expansiòn", Madrid's government is considering the hypothesis of the privatization of the public airport operator AENA (Aeropuertos Españoles y... more
Finance and economyAircraft and finance. European Commission: unconditional approval for Delta-Virgin partnership?
Brussels, Belgium - Final decision expected by June 20
According to rumours which leaked in the past hours, the European Commission is expected to grant its unconditional approval to the acquisition of a 49% stake in Virgin Atlantic Airways by Delta Air Lines. The... more
Finance and economyAircraft and finance. AirAsia wants to quit the joint-venture with ANA for AirAsia Japan
Kuala Lumpur, Malesia - The low-cost company is struggling to take off
According to some reports released by the Japanese media. AirAsia is willing to quit the joint-venture with All Nippon Airways (ANA), which was created to handle the low-cost carrier AirAsia Japan. "Ending... more
Finance and economyAircraft and finance. Qantas and China Eastern sell a 33% stake in Jetstar Hong Kong
Hong Kong, China - A 66-million-dollar operation
Qantas and China Eastern Airlines announced the sale of a 33.3% stake in Jetstar Hong Kong, the subsidiary of Jetstar Airways which was launched in 2012 but is still waiting to receive the ratification... more
Finance and economyAutogrill: its shareholders' meeting approves 2012 financial statements and appoints a director
Milan, Italy - Last year was characterised by a strengthening of the airport business
The Shareholders of Autogrill SpA met today under the chairmanship of Gilberto Benetton in an ordinary session. 2012 Separate financial statements approved At the Shareholders’ meeting, the 2012 s... more
Finance and economyAutogrill: WDFG SAU entered into a medium/long-term loan agreement
Milan, Italy - The loan will be utilized by the end of June
Autogrill SpA announced that World Duty Free Group SAU, the Spanish company leading the Group’s Travel Retail & Duty Free business, has entered into a medium/long-term loan agreement for an aggregate a... more
Finance and economyFinmeccanica: shareholders' meeting approves 2012 financial statements
Rome, Italy - At 31 December 2012, the Group’s results were higher
The Shareholders' Meeting of Finmeccanica SpA, held yesterday in Rome, approved the Company's financial report for the Full Year 2012 and reviewed the consolidated financial report. At 31 December 2012,... more
Finance and economyAircraft and finance. France plans to reduce its stake in Aéroports de Paris
Paris, France - The sale might involve about 10 million shares
France's Minister for Finance Pierre Moscovici declared that the government of the European country is planning the sale of about ten million shares (corresponding to an around 10% stake) it currently... more
Finance and economyAircraft and finance. Ryanair might be forced to reduce its stake in Aer Lingus
London, United Kingdom - According to the preliminary report of the UK's Competition Commission, the shareholding might influence the strategies of the legacy carrier
Ryanair Faces having to reduce its shareholding in Aer Lingus, after the Competition Commission (CC) of the United Kingdom provisionally decided that its 29.8% stake could reduce competition on routes... more
Finance and economyAircraft and finance. US Airways issues EETC for 100 million dollars
Tempe, USA - Distribution scheduled in June 2018
US Airways announced it issued an offering of Enhanced Equipment Trust Certificates (EETC) in the aggregate face amount of about 100 million dollars. This is an additional issuance from the company's Series... more
Finance and economyAircraft and finance. Flybe reaches agreement with easyJet for slot sale at London-Gatwick Airport
London, United Kingdom - The low-cost company will pay 20 million pounds
Flybe Group has completed an agreement with easyJet for the sale 25 pairs of arrival and departure slots at Gatwick airport for a total consideration of 20 million pounds (23.7 million Euros or 30 million... more
Finance and economyAircraft and finance. Serbian government will receive Etihad's offer for Jat Airways during this week
Belgrade, Serbia - Experts of the Middle-Eastern carrier assessed the company
According to rumours, in a few days, probably by this week, the Serbian government will receive an offer from Etihad Airways for the purchase of a minority stake in Jat Airways, the carrier owned by Belgrade's... more
Finance and economyAircraft and finance. Slovenian government plans privatization of Adria Airways and Ljubljana Airport
Ljubljana, Slovenia - Process are expected to start in September
Slovenian Minister for Finance Uros Cufer declared that Ljubljana's government is planning to launch a wide privatization programme which will involve also the State-owned airline Adria Airways and Ljubljana... more
Finance and economyAirplanes and catering: Dnata purchases Servair Airchef's shares
Dubai, United Arab Emirates - The Dubai company buys 100% of the stake
It's official: Dnata will acquire Servair Airchef’s shares in Italy. Dnata is a supplier of air services, based in Dubai, founded in 1959, which serves 37 countries all around the world. The company s... more
Finance and economyAircraft and finance. Etihad Airways acquires three Abu Dhabi-based airport services companies
Abu Dhabi, United Arab Emirates - The airline continues its expansion programme
Etihad Airways, the national airline of the United Arab Emirates, has finalised the agreement to acquire three airport services companies which operate in the sector of in-flight catering services, ground... more
Finance and economyAirplanes and finance. A 175-million dollar hit: Changi sells stake in Italy's Gemina
Singapore, Singapore - Shares have been sold for 1,43 euros
Changi Airport, the Singapore Airport management trust, has sold its own Italy's Gemina stake, a spokesman has told the news agency "Reuters" today. The stake, which was 8,36% of the Italian company, has... more
Finance and economyAircraft and finance. LATAM plans 1-billion-dollar capital increase
Las Condes, Chile - The proposal will be voted at the shareholder meeting on June 11
LATAM Airlines Group, Latin America's largest airline by market value, is planning the launch of a 1-billion-dollar (roughly 777 million Euros or 657 million pounds) capital increase, in order to finance... more
Finance and economyFinmeccanica: the BoD approves the Interim Financial Report at 31 March 2013
Rome, Italy - Results in line with the expectations
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of the Vice-Chairman, Admiral Guido Venturoni, examined and unanimously approved the Interim Financial Report at 31 March... more
Finance and economyEADS achieved a solid start to 2013 with first quarter
Amsterdam, Holland - Revenues and profitability driven by commercial aircraft deliveries
EADS reports improved first quarter (Q1) results 2013. • Revenues increase 9 percent to € 12.4 billion • EBIT before one-off rises 56 percent to € 741 million • Net Income rises 91 percent to € 241... more
Finance and economyAutogrill: the BoD approves the interim report
Milan, Italy - Good performance in the airport channel
The board of directors approves the interim report to 31 March 2013. The highlights are: · Consolidated revenues: EUR 1,239.6m vs EUR 1,241.5m in 1st quarter 2012 (down 0.2% at current exchange... more
Finance and economyAircraft and finance. IAG launches convertible bond to fund the acquisition of Vueling
London, United Kingdom - Maturity scheduled in 2018
International Airlines Group (IAG) is launching a senior unsecured convertible bond offer of up to an approximate maximum amount of 400 million Euros to fund its acquisition of Vueling: The bonds,... more
Finance and economyAircraft and finance. Flybe might sell its London-Gatwick slots. easyJet is interested
London, United Kingdom - The company might move its operations in the capital to Luton
In response to the numerous rumours which have leaked during the past days, the board of Flybe sent a statement to the London stock exchange to confirm the it is in discussions with a number of parties... more
Finance and economyAircraft and finance. Ex-Im Bank approves loan guarantee for GOL
Washington, USA - The agency also supports the export of a Boeing 737 for the Brazilian company
The Export-Import Bank of the United States approved a final commitment for a 45.5-million-dollar loan guarantee to the Brazilian airline VRG Linhas Aereas S.A. (GOL). The agency's financing will support... more
Finance and economyAircraft and finance. Greek government: sale of Hochtief's stake in Athens Airport does not change privatization plans
Athens, Greece - PSP is a "Reliable investor", the Development Minister claims
Sources of the Greek government communicated that the sale of the stake which was owned by Hochtief in Athens "Eleftherios Venizelos" Airport does not modify the plans for the privatization of the capital's... more
Finance and economyAircraft and finance. Hochtief sells airport division for 1.1 billion Euros
Essen, Germany - The purchaser is a Canadian investment fund
On Tuesday 7 May 2013 Hochtief announced it entered into a sale and purchase agreement with a subsidiary of Canada's Public Sector Pension Investment Board (PSP Investments) for the sale of all shares... more
Finance and economyAutogrill: BoD approves proportional partial demerger project for the Travel Retail and Duty Free business
Milan, Italy - The purpose of the demerger is pre-eminently industrial
Meeting last Friday, the board of directors of Autogrill SpA approved the project of proportional partial demerger (pursuant to art. 2506 and following, Italian Civil Code) whereby Autogrill SpA (Autogrill)... more
Finance and economyHelicopters and finance. Great success for Avincis' bond, offer oversubscribed by a factor of 3
Rome, Italy - The proceeds will be invested in the purchase of new aircraft
The bond which was issued by Avincis, the world's leading provider of aerial services for mission-critical operations, has been a great success. The bookrunners for the placement (JPMorgan, Rbs, Kkr... more
Finance and economyAircraft and finance. SAS sells 80% of Wideroe's shares
Stockholm, Sweden - A full divestment is scheduled in 2016
Scandinavian Airlines (SAS) Group has signed an agreement to sell 80% of its shares in Wideroe, the group's regional subsidiary, to a group of investors consisting of Torghatten ASA, Fjord1 AS and Nordland... more
Finance and economyAircraft and finance. Norwegian interested in LOT's takeover?
Warsaw, Poland - The CEO of the Scandinavian company met representatives of the Polish government
Norwegian Air Shuttle's communications director Anne-Sissel Skanvik confirmed that, in the past days, Bjorn Kjos, Chief Executive Officer of the Scandinavian carrier, met in Warsaw with representatives... more