Finance and economy
3,155 news found
Finance and economyAutogrill: BoD approves the consolidated results at 30 June 2012
Milan, Italy - Travel Retail and Food & Beverage in North America continue to grow in 1st half 2012 while Italy loses ground
The board of directors approves the consolidated results at 30 June 2012. · Consolidated revenues: EUR 2,763.9m, up 0.4% on 2,655.8m in 1st half 2011 (up 4.1% at current exchange rates) · Consolidated E... more
Finance and economyEADS reports solid half-year (H1) results 2012
Leiden, Holland - A-350 XWB airplane entry-into-service moving into H2 2014
EADS reports solid half-year (H1) results 2012 • EADS improves guidance due to strong underlying performance • Revenues increase by 14 percent to € 24.9 billion • EBIT before one-off up 89 percent... more
Finance and economySingapore Airlines: financial results for first quarter 2012-2013
Singapore, Singapore - Group profit improves despite challenging conditions
The SIA Group posted a net profit of $78 million (+$33 million, or +73%) in the first quarter of the 2012-13 financial year. Group operating profit of $72 million improved $61 million, albeit off a... more
Finance and economyAircraft and finance: UTC receives conditional EC approval for Goodrich acquisition
Brussels, Belgium - 16.5-billion-dollar deal
United Technologies Corporation (UTC), American Hartford-based multinational, received on Thursday 26/07/2012 the conditional approval by the European Commission for the acquisition of Goodrich Corporation,... more
Finance and economyAustrian Airlines: positive traffic results June 2012
Vienna, Austria - 5,4 million passengers transported: +6.7%
In the period from January to June 2012, the number of passengers carried rose by 6,7 percent compared to previous year’s figure: 5,440,600 passengers flew with Austrian Airlines (AA). The load factor r... more
Finance and economyRR Holdings Plc: half-year 2012 results
London, UK - Order book of £ 60.1bn, up four per cent
Rolls-Royce announces half-year 2012 results. Following the highlights: Group Highlights - Order book of £ 60.1bn, up four per cent. - Underlying revenue of £ 5.8bn, up five per cent. - U... more
Finance and economyAircraft and finance: Irish Exporters Association asks government not to sell Aer Lingus stake to Ryanair
Dublin, Ireland - The low-cost carrier expressed its interest for the Dublin-owned 25% stake
The Irish Exporters Association (IEA) asked the Dublin government not to accept any proposal coming from Ryanair for the purchasing of the Dublin-owned 25% Aer Lingus stake. The low-cost carrier made... more
Finance and economyItalian Avio: preliminary 2012 half-year results
Rivalta di Torino, Italy - The BoD met today, has examined them
The Board of Directors of Avio SpA, which has met today, has examined the draft results for the first half of 2012. In the first half of 2012 Avio Group’s revenues were 1,132 million euros, an increase o... more
Finance and economyAircraft and finance: Aer Lingus asks its shareholders to refuse Ryanair offer
Dublin, Ireland - "It undervalues the intrinsic value of the business"
Aer Lingus asked its shareholders to refuse the purchase offer made by Ryanair, with a letter which was signed by the company entire board of executives. Despite the chief executive officer of the low-cost... more
Finance and economyChina sale "Last hope" for Hawker Beechcraft
Wichita, USA - The military aircraft production line will remain in America
Hawker Beechcraft, the well-known American aircraft maker, warned in a court filing that it is likely to cease production of business jets with the loss of thousands of jobs if it fails to sign a deal... more
Finance and economyAircraft and finance: Swissport International acquires Finnish firm Inter Handling
Helsinki, Finland - It will manage the handling at the Helsinki-Vantaa, Turku, Tampere and Pori airports
Swissport International, one of the main companies in the world operating in the airport handling sector, acquired the Finnish firms Inter Handling and its sister company Inter Handling Turku, in line... more
Finance and economyAircraft and economy: record arms sales for Moscow
Moscow, Russia - Deliveries in 55 countries worldwide
Russia continues its role as the second largest arms exporter worldwide, confirming the success of arms sales during the first half of 2012. President Putin has underlined this success and highlighted... more
Finance and economyAircraft and finance: Rolls-Royce closes sale of its share in IAE for 1.5 billion dollars
Derby, United Kongdom - The purchaser is Pratt & Whitney, which rises its share in the joint-venture to 65%
Rolls-Royce, English firm operating in the aerospace sector, concluded the sale of its stake in the International Aero Engine (IAE) joint-venture, which produces the V2500 turbofan engines, installed on... more
Finance and economyAvio completes initial authorisations to proceed with IPO
Rivalta di Torino, Italy - From Italian Stock Exchange and Consob
Following the announcement made by the Borsa Italiana SpA (Italian Stock Exchange) on 22 June 2012, which approved the eligibility of Avio SpA’s (“Avio Group”) shares to be listed on the Automated Share... more
Finance and economyAircraft and finance: Turkish Airlines interested in acquiring the Irish Government stake in Aer Lingus
Dublin, Ireland - As revealed by Irish economic newspaper
The Irish economic newspaper "Sunday Business Post" revealed yesterday 24/06/2012 the possible interest of Turkish Airlines in the acquisition of a significant share in Aer Lingus. According... more
Finance and economyAircraft and transport: Singapore-Changi Airport invests in 4 Russian hubs
Singapore, Singapore - A 30% share has been acquired
Changi Airports Int, subsidiary of Changi Airport Group (the firm which manages Singapore Airport) acquired a 30% share in a company which owns four airports in Russia, through a joint venture involving... more
Finance and economyEmirates Airlines reaches 587,5 million dollars-leasing deal to purchase four A-380 aircraft
Dubai, United Arab Emirates - Goldman Sachs is looking for other investors
Emirates Airlines, Dubai-based company, will acquire 4 Airbus A-380 aircraft through a leasing deal with a firm which will issue trust certificates for 587,5 million dollars (roughly 463 million Euro).... more
Finance and economyAircraft and finance: International Airlines Group looks for company able to buy Spanish bank share
Madrid, Spain - Etihad Airways is a possible purchaser
International Airlines Group (IAG), a multinational airline holding company formed in January 2011 by the merger of British Airways and Iberia, is looking for a company able to purchase the group stake... more
Finance and economyAircraft and finance: Air Works invests in Dubai Empire Aviation Group stake
Delhi, India - India, Middle East and beyond
Air Works, and Indian MRO service company (Maintenance, Repair and Overhaul) has purchased an undisclosed stake in Empire Aviation Group (EAG), a business aviation services company based in Dubai. The... more
Finance and economyFinance: RBS sells its aircraft leasing division for 7.3 billion dollars
London, United Kingdom - The purchaser is a Japanese consortium
Royal Bank of Scotland announced today 01/06/2012 the completion of the sale of its aircraft leasing division to a Japanese consortium led by the Sumitomo Mitsui Financial Group (SMFG).... more
Finance and economyAvio: Italian FSI ready to invest in the IPO
Rivalta di Torino, Italy - Loan agreements with creditor banks amended and extended
"In view of the planned IPO of Avio SpA ("Avio"), an agreement was entered into among Avio, Finmeccanica Finance SA, a company of the Finmeccanica group ("Finmeccanica"), Fondo Strategico Italiano SpA... more
Finance and economyFinmeccanica-Fsi-Avio-Bcv: reached agreement
Rome, Italy - It will allow FSI to become a shareholder of Avio with a stable ownership of approximately 15%, for purchasing all the shares held by Finmeccanica
Finmeccanica Finance SA, a Finmeccanica Group (“Finmeccanica”) company, Fondo Strategico Italiano SpA (“FSI”), Avio SpA (“Avio”) and the parent company BCV Investments SCA, have reached an agreement -... more
Finance and economyAircraft and jobs: RAF C-130 aircraft deal will sustain employment
London, United Kingdom - "The Hercules aircraft is a key part of our long-range air transport force"
The British Ministry of Defence said a new £350 million deal to maintain the RAF's C-130 Hercules aircraft will help sustain hundreds of British jobs. The contract, sealed with Marshall Aerospace, is... more
Finance and economyAir Berlin: a positive start to 2012
Milan, Italy - Better figures despite fuel surcharges and increase in aviation tax
Germany’s airline can draw positive conclusions from its first quarter of 2012. On presenting Air Berlin’s interim report, CEO Hartmut Mehdorn announced: "Although it’s too early to celebrate, we can c... more
Finance and economyItalian Avio: BoD approve Q1 2012 results
Rivalta di Torino, Italy - Financial and operational highlights
On 14 May 2012 the Board of Directors of Avio SpA analysed and approved its quarterly results for the three-month period to 31 March 2012. Financial highlights • Group revenues of €528.8 million (+2... more
Finance and economyFinmeccanica: supplementary disclosures requested by CONSOB
Rome, Italy - Pursuant to and for the purposes of Art. 114, paragraph 5, of Legislative Decree 58/1998
"Pursuant to and for the purposes of Art. 114, paragraph 5, of Legislative Decree 58/1998, in compliance with the request received from CONSOB on 9 May 2012, Finmeccanica publishes the following information,... more
Finance and economyAvio files application to be listed on the Italian Stock Exchange
Rivalta di Torino, Italy - It formally applied to Consob for the authorization to prepare a prospectus
Avio yesterday filed its application to list its ordinary shares on the Mercato Telematico Azionario, the Italian automated screen-based trading system managed by Borsa Italiana. Simultaneously, it... more
Finance and economyEADS Divisions (2): growth in commercial business continues. Aircraft and helicopters and not only...
Leiden, Holland - With encouraging start to 2012
EADS Divisions: Growth in Commercial Business Continues, Institutional and Defence Business with Encouraging Start to 2012 Airbus consolidated revenues increased by 13 percent to € 7,909 million (Q1 2... more
Finance and economyEADS reports first quarter (Q1) results 2012
Leiden, Holland - The first part and outlook
EADS delivered a good start to the year with a solid financial performance in the first quarter, particularly thanks to the continued strong commercial momentum. As anticipated, defence markets in the... more
Finance and economyETS: 99% of major airlines comply with the Emission Trading System
Brussels, Belgium - "Implementation of the law is there"
More than 99% of all major global airlines have supplied the European Union with 2011 pollution data, accomplishing the first step of the European scheme to charge carriers for their carbon emissions. It... more
Finance and economyIndia and China snub Europe on ETS: ultimatum in June
Brussels, Belgium - Ten airlines refuse to supply Europe with pullution data
Indian and Chinese airliners involved in the Emission Trading System (ETS) have refused to supply the European Union with pollution data for the last year, disobeying to the European decision to charge... more
Finance and economyHelicopters and industry: Finmeccanica stabilized at EUR 3 per share
Milan, Italy - Doubts and uncertainties on Selex future
After the wave of controversy related to alleged illegal payments which Finmeccanica is said to have paid through its subsidiary AgustaWestland to ease international sales, the Italian giant's shares stabilized... more
Finance and economyFinmeccanica: the BoD approves the interim financial report at 31 March 2012
Rome, Italy - Key 1Q 2012 figures
Finmeccanica: the Board of Directors approves the interim financial report at 31 March 2012. Key 1Q 2012 figures · New orders: EUR 3.480 billion · Order backlog: EUR 45.721 billion · Revenues: EU... more
Finance and economyFinmeccanica: analysis of financial data
Rome, Italy - Orders amounted to EUR 3,480 million
Analysis of financial data The Board of Directors’ meeting of Finmeccanica, which was held on 2 May 2012 under the chairmanship of Giuseppe Orsi, examined and unanimously approved the interim financial r... more
Finance and economyPanama ready to cancel Finmeccanica orders if Italian accusations continue
Rome, Italy - Risk of a 200 million dollar contract loss
Raùl Mulino, minister of Security in Panama, today threatened Rome with the cancellation of existing Finmeccanica orders (currently Panama is purchasing 19 radars and 6 helicopters for a total price of... more
Finance and economyAutogrill. Shareholders’ meeting approves financial statements for 2011
Milan, Italy - New board of statutory auditors appointed for 2012-2014
The meeting of the shareholders of Autogrill SpA held today in ordinary and extraordinary session under the chairmanship of Gilberto Benetton approved the separate financial statements for 2011 and voted... more
Finance and economyAircraft taxes: detailed list of the new rules in Italy
Rome, Italy - The new rules must be immediately applied
The Italian air-taxi operator community was shocked on Monday by the new tax rules included in the decree issued by the Italian Chamber financial commission. Below the most important data are reported... more
Finance and economyAircraft and economy: India says "No" about European Emission Trading Scheme
Delhi, India - Indian minister for environment defined ETS a "Unilateral measure"
As previously announced (AVIONEWS), India said "No" to the Emission Trading System, or rather the taxing programme with which Europe is targeting airlines worldwide to reduce airplanes carbon pollution. The... more
Finance and economyOman Air reveals its annual financial report for the year 2011
Milan, Italy - Added two E-175 regional aircraft and two new destinations
Oman Air has recently published its annual report for 2011 that reflects the accomplishments achieved by the company, in addition to the outstanding efforts and the successful approach towards the development... more
Finance and economyAircraft and economy: more money to Italian INPS, national airport taxes raise by 2 Euro after 1 July 2013
Rome, Italy - "Airport taxes will produce more negative effects than positive benefits to Italian economy"
Starting next year the airport taxes in Italy will rise by 2 Euro per passenger. ADOC, Italian association for customer defence and rights, has calculated this increase as 37% of the entire boarding tax.... more
Finance and economyAvio: order book soars above €6 billion (aircraft engines, space and services)
Turin, Italy - Revenues, EBITDA and investments increase
The Board of Directors of Avio, the international aerospace group, yesterday approved the Group’s 2011 financial results. Avio’s 2011 results saw increases in Group revenues, adjusted EBITDA and investment; a r... more
Finance and economyFinmeccanica: examined and approved the financial statements for 2011
Rome, Italy - Under the chairmanship of Giuseppe Orsi
Finmeccanica’s board of directors, meeting yesterday under the chairmanship of Giuseppe Orsi, examined and unanimously approved the preliminary financial statements for 2011. 2011 Results The r... more
Finance and economyHelicopter market will suffer a downturn
Newtown, USA - Forecasts for next ten years by two US companies
In spite of the recent success of the helicopter industry (first among all Eurocopter and AgustaWestland) it seems the average of sales and production will decrease in the future. The analysts of Forecast... more
Finance and economyIndia on top of the largest heavy arms importers: helicopters, aircraft and warships
Delhi, India - Russia and America control around 60% of the war market worldwide
SIPRI (Stockholm International Peace Research Institute), a society researching into conflicts, disarmament and armament sales, declared today India has topped a rating of the world's largest heavy arms... more
Finance and economyWTO confirms illegal subsidies to Boeing
Geneva, Switzerland - Both of the industries claimed a victory
The dispute between the two giants of aeronautical market, Boeing and Airbus, seems to be destined to never end since WTO, often consulted to control reciprocal accusations about illegal funding received... more
Finance and economySpecial in Paris. Record growth at EADS
Paris, France - Records at Airbus, growth at Eurocpter and stability at Astrium and Cassidian
During the conference in Paris, today March 8, 2012, the European corporation released its analysis of 2011 results. EADS in 2011 continued to grow and to improve its economic performances. EADS' order... more
Finance and economyAutogrill: the BoD approves the consolidated financial statements at 31 December 2011
Milan, Italy - Growth was driven by performance achieved in airports (up 7.1%)
The Autogrill board of directors approves the consolidated financial statements at 31 December 2011: 2011 results · Consolidated revenues: EUR 5,844.6m, up 4% on 2010 (up 2.5% at current exchange... more
Finance and economyFinmeccanica: rescheduling of the Financial Calendar 2012
Rome, Italy - As reported on 24 January 2012
Finmeccanica informs that the meeting of the Board of Directors to approve the draft Annual Report for 2011 will be held on Tuesday 27 March 2012 instead of Wednesday 14 March 2012 and that the Shareholders’ M... more
Finance and economyThe grip of Italian Premier Monti over the "Official planes"
Rome, Italy - Train trips for politicians
A saving of EUR 23.5 million has been obtained by Government Monti operating heavy cuts to "Official flights" for politicians, literally forced to more conventional transports for their movements, such... more
Finance and economyThe "Golden" wages of Defence and Security in Italy
Rome, Italy - Manganelli, Abrate, Valotto, Branciforte and Bernardis richer than Obama
The Italian Minister of Civil Service Reform, Patroni Griffi, launched the operation "Transparency", a wide control of the wages of the public officers in the Country. The results evidenced an average... more