Finance and economy
3,201 news found
AirlinesITA-Lufthansa: decision postponed to July
Proposed transfers of airport slots in Rome and Milan, competition on flights to North America
The deadline for the decision of the European Competition Commission on the privatization of the national carrier ITA Airways has been postponed to 4 July 2024. A ITA share of 41% will be acquired by the... more
AirlinesComac increases production of C-919 aircraft
Construction of a new factory in Shanghai announced
Chinese state-owned manufacturer Commercial Aircraft Corporation of China (Comac) will build a new plant for the production of C-919 aircraft. It is a move that aims to accelerate production capacity to... more
AirlinesLufthansa appoints new Chief Financial Officer
Till Streichert will take up his role from mid-September 2024
The Lufthansa Group has appointed Till Streichert as the airline's new Chief Financia Officer. The manager will take up his role starting from 15 September 2024 and will have a mandate lasting three years.... more
AirlinesStarliner space mission postponed
Countdown interrupted due to Atlas V rocket failure
The "Crew Flight Test" mission of the Starliner spacecraft has been postponed. It was supposed to be the first with a crew on board, a milestone for the US aerospace manufacturer Boeing, builder of the... more
DefenseWar Israel: operation begins in Rafah
Tel Aviv armed forces aim to control vital crossing on the border with Egypt
The Israeli armed forces started the military operation to conquer the Rafah crossing tonight. It is a strategic corridor on the border between Egypt and the Gaza Strip. According to numerous experts on... more
AirportsLibya will have four new airports
Announcement of Minister of Economy and Commerce Government of National Unity
The government of Libya announces the construction of four new airports in the near future. These are infrastructures that will be designed to strengthen the network of international flights. A move with... more
AirlinesITA-Lufthansa: what are the obstacles
German group has sent list of remedies to marry ITA to Brussels
It's a decisive day for the fate of the national carrier ITA Airways. Today the German aviation group Lufthansa, about to acquire 41% of the Italian airline, will send to Brussels the list of remedies... more
Civil aviationUkrainian war, Italy: "Negotiate with Putin"
Crosetto (Defense): "We can only resolve this crisis by involving all the countries"
To end the war in Ukraine, the West should make more to negotiate a diplomatic solution with Russian President Vladimir Putin. An idea supported by the Italian Government, which has underlined how the... more
AirportsItaly. Taranto-Grottaglie Airport carries Italy in the world
The first national center for dismantling and recycling aircraft and materials will be created
The first Italian center for dismantling old aircraft and recycling components and materials will soon be built. It will be in Apulia, at the "Marcello Arlotta" airport of Taranto-Grottaglie, preparing... more
Civil aviationTürkiye-Israel: trade relations suspended
Ankara's decision due to humanitarian disaster in Gaza; open airspace
The government of Turkey has announced that it will stop all trade with Israel, but the airspaces of the two countries remain open. Meanwhile, Ankara reports that Tel Aviv blocked a Turkish Air Force flight... more
AirlinesBrussels against IAG-Air Europa marriage
Remedies are not enough; new objections from the European Commission
The European Commission has raised new objections to the proposed acquisition of the Spanish carrier Air Europa by the International Airlines Group (IAG). The sacrifices proposed by the two companies were... more
DefenseNew Zealand considers alliance Aukus
A turning point after decades of sovereignism and close relations with China
The New Zealand government has ruled out the country joining a defense pact between Australia, the United Kingdom and the USA in the short term. This concerns the possible participation in the Aukus alliance,... more
Civil aviationUSA: Colorado purchases firefighting helicopters
About 6.9 million dollars invested to create national fleet
The US State of Colorado has started the first purchase procedure for firefighting aircraft. In detail, the local government is acquiring two Bell 205 helicopters. This is a move that aims to provide the... more
DefenseIsrael war: what the peace proposal provides
Hamas must express its opinion on the ceasefire and hostage release plan
An initial three-week truce with the immediate release of at least 20 hostages. This is what is foreseen, according to press rumors, in the proposal for a ceasefire in Gaza put in writing during the peace... more
AirlinesBrussels fight against "greenwashing"
Legal action against 20 airlines to verify compensation for CO2 emissions
The European Union authorities have started action against 20 air carriers. The accusation is that of having implemented deceptive commercial practices linked to "greenwashing", that is advertising statements... more
AirlinesAirport strike at London-Heathrow
Border force staff mobilized for four days
The strike of border force officers working at London Heathrow airport in the UK will continue until Thursday 2 May. Arms folder for more than 300 employees working in terminals T2, T3, T4 and T5. The... more
AirlinesIndia orders Go First plane cancellation
Judges' decision due to company insolvency
The cancellation of the registration of the aircraft in the fleet of the Indian low-cost airline Go First is underway. This is what was decided by the High Court of New Delhi in recent days. Due to the... more
Civil aviationITA-Lufthansa (2): do the Euro-elections hinder marriage?
The vote in June will impose a new political vision on the dossier
The elections for the European Parliament, scheduled for 6 to 9 June 2024, could hinder the marriage of the two national airlines, the Italian ITA Airways and the German Lufthansa. Due to the electoral... more
AirlinesScandinavian airline SAS joins SkyTeam
Accession agreement signed as part of rescue procedure
The formal agreement to join the SkyTeam alliance has been signed by the national carrier Scandinavian Airlines (Sas). The announcement was made in the last few hours by the air carrier's management. It... more
Civil aviationFirst flight of the Airbus "Racer" helicopter
Tested the maneuverability of the prototype aircraft
First flight of the "Racer" helicopter prototype developed by the European manufacturer Airbus Helicopters. The Group announced it. The technology demonstrator, called Rapid And Cost-Efficient Rotorcraft,... more
AirlinesAir China orders 100 C-919 aircraft
Twofold objective: to replace older vehicles and grow the fleet
The Chinese national carrier Air China has placed an order for the purchase of 100 C-919 aircraft produced by the national manufacturer Commercial Aircraft Corporation of China (Comac). It is a single... more
AirlinesSpring long weekend: "air prices skyrocketing"
Assoutenti's complaint and Assoviaggi-Confesercenti's findings
Average ticket prices for Italian flights increased by +19.1%, for European ones was +16.5% and for international flights by +7.3%. The spring holidays arrive and with them, as per tradition, the cost... more
AirportsItaly. Agrigento Airport (2): story of a dream
The idea has its roots in a 2005 initiative by the Sicily Region
The creation of the "Mediterranean" airport of Agrigento, in Italy, is an old dream kept in the drawer. It has been back in vogue for years, but especially in recent months, even more so now that the Italian... more
AirlinesAirport strike in France
For air traffic controllers on April 25, disruption expected
A 24-hour air transport strike involving traffic controllers at some of the main airports in France has been called for tomorrow, Thursday 25 April 2024. The mobilization was called by the Syndicat National... more
Civil aviationUSA: pressure on the government against Boeing
Family members of victims of 2018 and 2019 plane crashes demand criminal action
US aircraft manufacturer Boeing is to be prosecuted over recent safety and quality issues with its products. This is what the families of the victims of the fatal plane crashes that occurred in 2018 and... more
AirportsAgrigento airport (Sicily): project under consideration
The Italian MIT and Enac are reportedly evaluating it
The Italian Ministry of Infrastructure and Transport (MIT), led by the vice-president of the Council of Ministers Matteo Salvini, and the Italian Civil Aviation Authority (ENAC), chaired by Pierluigi di... more
AirportsItaly: Migliaro airport reopens in Lombardia
In the Cremona airport doors will open again on April 24, 2024
Cremona-Migliaro Italian airport will reopen tomorrow, Wednesday 24 April 2024. This concludes the authorization procedure by the competent bodies, which has come at the end of a closure period necessary... more
AirlinesBoeing to increase deliveries of B-787 aircraft
However, the lack of suppliers affects "some key components" of the airplane
US aircraft manufacturer Boeing has said it expects the rate of deliveries of 787 widebody Dreamliner aircraft to increase more slowly than expected. The reason? The shortage of suppliers "on some key... more
AirportsRome-Fiumicino Airport is looking for check-in staff
Selection of professional figures and work expected to start at the end of May
A company specializing in airport handling services is looking for 40 check-in staff to work at the Italian "Leonardo da Vinci" Rome-Fiumicino airport. These professional figures are asked to assist passengers... more
AirlinesNew sanctions on Iranian carrier
Flag airline Iran Air under the lens of the G7 countries
New sanctions against the Middle Eastern flag carrier Iran Air. This is what some G7 countries such as Canada, France, Germany, Italy, Japan, the US and the United Kingdom are preparing. It's an initiative... more
AirlinesITA-Lufthansa: European remedies impact Italy
A burden for the coffers of the two airlines and for the passengers of the "Bel Paese"
Fewer intercontinental routes, more competition, less revenue and fewer direct flights to the United States. These would be the effects on the Italian air transport market of the sacrifices requested by... more
AirlinesITA-Lufthansa: summit in Brussels today
Airlines executives and lawyers try to convince antitrust to approve marriage
Convince the European Competition Commission to approve the marriage between the national carriers ITA Airways and Lufthansa. This is the objective of the meeting in Brussels scheduled for today, Friday... more
AirlinesHistoric agreement for SAF certificates
Agreement between alliance and various big global companies
The Sustainable Aviation Buyers Alliance (Saba) announced that it has signed a historic agreement with various big global companies for the acquisition of high integrity production certificates for Sustainable... more
AirlinesIndonesia: volcano erupts, airports closed
More than 11,000 people evacuated and tsunami danger
More than 11,000 people evacuated and airports closed within a 100 kilometer radius in Indonesia due to a violent eruption of the Ruang volcano, located near the islet of Thulandang, north of the large... more
AirlinesSaudis want Pakistan Airlines
Negotiations underway between the two governments to privatize the flag carrier
The Government of Pakistan, led by Prime Minister Shehbaz Sharif, has started negotiations for the privatization of national carrier Pakistan International Airlines (PIA) with a delegation of state-owned... more
AirlineseuroAtlantic announces management changes
And a new capital injection
euroAtlantic Airways – Transportes Aéreos SA (EAA), the Portuguese aircraft wet-leasing and charter business, announced yesterday that Stewart Higginson has been appointed CEO and Chair of it and will be... more
AirlinesClass action against Israeli airline rejected
Consumers versus high prices of the national carrier El Al
Allegation that Israeli flag carrier El Al's ticket sales system unfairly applied higher fares was rejected. It is what ruled by Tel Aviv judges, according to which the class action brought against the... more
AirlinesITA-Lufthansa: remedies sent to Brussels
In the event of a German flat rate, plan B remains plausible
Proposals to overcome the objections raised by Brussels regarding the privatization of the national carrier ITA Airways have been sent to the European Competition Commission, according to what the German... more
AirlinesAir France-KLM Group confirms interest in Tap
Privatization suspended while waiting for the new Portuguese government to decide on the next steps
The Franco-Dutch group Air France-KLM maintains a high interest in the acquisition of the Portuguese national carrier Transportes Aéreos Portugueses (TAP). And this despite the political instability that... more
AirlinesItaly. Sardinian airports: thirty days for privatisation
The Cagliari Chamber of Commerce has until April 30th to formalize the sale
The Italian Chamber of Commerce of Cagliari has until next April 30 to formalize the sale to the private company F2i Ligantia of its majority share (94.4%) that it holds in the capital of the Cagliari... more
AirlinesIsrael-Iran (2): security alert as in 2001
It was the biggest disruption to air travel since Twin Towers attack
Iran, Iraq, Lebanon, Israel and Jordan have reopened their airspace in recent hours. They were closed last Saturday, April 13, 2024 in the night after the raids conducted by Iran's armed forces with missiles... more
AirlinesIsrael-Iran: airports reopened
Towards normality in the skies of the Middle East after the Tehran attack
Numerous airports in the Middle East have reopened in recent hours. They had been closed for security reasons following the drone attack carried out by Iran's armed forces against Israel on Saturday evening.... more
AirlinesEx-CEO of Boeing criticized
Private flights and millions of Euros in benefits of all kinds
Hundreds of thousands of dollars spent on private flights and a few tens of millions of dollars on benefits of all kinds. They were received by David Calhoun, CEO of the US Boeing Group, specialized in... more
AirlinesLugano Airport: new COO arrives
The management company's aim is to revive the infrastructure
The Swiss Lugano-Agno airport has a new Chief Operating Officer. This is Christian Castelli, who will already work alongside the director general Davide Pedrioli in the coming months, who will thus be... more
Civil defenseUSA: controversy over Coast Guard helicopters
The authorities point fingers at the fleet modernization plan
The Washington administration has criticized the US Coast Guard's plan which aims to standardize the helicopter fleet in service into a single model and modernize it. This is a procedure that would have... more
AirlinesItaly. Parma airport: the Canadians arrive
Centerline Airport Partners has officially purchased a majority stake in the stopover
The Canadian airport manager Centerline Airport Partners has purchased 51% of the shares of the Parma airport management company (Sogeap), which controls the "Giuseppe Verdi" international airport in the... more
AirlinesSAS will join SkyTeam
The transition will take place in September after leaving Star Alliance
Scandinavian Airlines (SAS) has announced that on 31 August 2024 it will leave the Star Alliance, the alliance of airlines among the largest in the world, to join SkyTeam on 1 September 2024. It is a move... more
AirlinesEU airports: no limits on liquids
In some airports, passengers will be able to carry up to two liters with them
After almost 20 years, the rule at airports that prevents passengers from carrying more than 100 milliliters of liquids in their hand luggage will be abolished in some European countries. The rule came... more
AirlinesGermany: agreement on airport security
Successful negotiations between Verdi union and BDLS: strikes are nearing an end
A contractual pact has been reached in Germany covering approximately 25,000 airport security workers. This brings to an end a dispute that had lasted for several months and which caused a series of strikes... more
AirlinesItaly: traffic controllers strike ongoing
Brindisi Enav workers protest against moving radar services from Apulia to Rome
A 24-hour strike is ongoing for the air traffic controllers of the Brindisi center of the Italian Flight Assistance Company (Enav). Accusing finger pointed at the industrial plan of the national operator,... more