Finance and economy
3,167 news found
AirlinesITA Airways: approval of a €325 million capital increase
New company by-laws approved
Last Friday, Italia Trasporto Aereo SpA ("ITA Airways") held its Extraordinary Shareholders' Meeting, during which a €325 million capital increase was approved, to be offered to Deutsche Lufthansa AG (... more
Civil aviationItaly. EC: support renewable electricity production
Approved an aid scheme for EUR 9.7 bn
To foster the transition to a net-zero economy more
Finance and economyNorthrop Grumman begins production of first E-2D Advanced Hawkeye aircraft for France
And also it announces the buyback of additional own shares for 3 billion dollars
American multinational Northrop Grumman celebrated Tuesday the start of production of the first E-2D Advanced Hawkeye aircraft for the French Navy at its facility in St. Augustine, Florida. The ceremony... more
AirlinesAircraft and carriers. Korean Air acquires 63.88% stake in Asiana Airlines
Four years after announcing its decision on November 16, 2020
Korean Air (KA) has completed its acquisition of Asiana Airlines (AA), four years after announcing its decision on November 16, 2020.On December 12, Korean Air acquired 131,578,947 newly issued shares... more
AirlinesAircraft and airlines. IATA: USD 1.7 bn in funds blocked by Governments
Nine Countries account for 83% of them, amounting to 1.43 billion
The International Air Transport Association (IATA) reported that $1.7 billion in airline funds are blocked from repatriation by governments as of the end of October 2024. This is a small improvement compared... more
AirportsFraport ends involvement at Pulkovo Airport, in Russia
Transaction expected to close within the next days
All approval processes and procedures completed more
Civil aviationEurostat estimates the number of air passengers to increase in 2023
Up 19.3% on 2022. However, a slight decrease in total freight and mail transport (-5.2%)
Specifically: Malta (+33.3%), Slovenia (+30.9%) and the Czech Republic (+29.4%) recorded the highest increases, while the lowest ones were recorded in Estonia (+7.9%), Greece (+9.6%) and Lithuania (+12.3%) more
AirlinesTUI leases 14 B-737/8 aircraft
From BOC Aviation. Delivery expected between 2025 and 2026
BOC Aviation today announced that it has entered into a leasing transaction involving 14 B-737/8 aircraft with TUI Airways. Steven Townend, CEO and Managing Director of the company commented: "With the... more
DefenseBabcock strengthens relations with South Korea
Two important contracts signed: one of which MoU with Korea Aerospace Industries
In order to consolidate strategic partnerships in the Republic of Korea, Babcock this week signed two separate agreements with South Korean companies: one in the global naval market with Hanwha Ocean (shipbuilding... more
AirlinesKorean Air-Asiana merger: there is the green light by EU
It plans to complete the transaction by December
Korean Air has satisfied all conditions set by the European Union competition authority for its merger with Asiana Airlines.The European Commission (EC) announced on November 28 that it has concluded its... more
AirlinesAir France-KLM: negotiations underway for stake in Air Europa
Through Globalia, 20% of the shares would change hands. Vital liquidity for the Spanish airline
The Hidalgo family, which owns 80% of Air Europa through the Globalia group, is currently reportedly in talks with Air France-KLM to grant the Franco-Dutch consortium a stake in their airline. These discussions... more
Finance and economyAirbus launches second tranche of its share buyback programme
It will include until 2,127,000 ones, starting from today and up to not over January 24, 2025
Airbus SE is launching the second tranche under its share buyback programme announced on 9 September 2024, which is being undertaken for the purpose of supporting future employee share ownership plan activities... more
Civil aviationSolarig Spain invests €1.15 billion to produce SAF aviation fuel
New plant in Teruel, Aragon, with capacity of over 75,000 tons per year
Equivalent to 33,000 flight connections between Zaragoza and London (considering a 50% sustainable fuel mix) more
AirportsSingapore-Japan cooperation on air safety and connectivity
Deepening collaboration on Saf fuels, ATM, innovation, Uas and Aam
At the third Singapore-Japan Aviation Cooperation Dialogue, co-chaired by Civil Aviation Authority of Singapore (CAAS) Director General Han Kok Juan and Japan Civil Aviation Bureau (JCAB) Senior Deputy... more
AirportsUK: AviAlliance buys AGS Airports from Ferrovial and Macquarie
Aberdeen, Glasgow and Southampton airports change hands for an enterprise value of £1.53bn
AviAlliance announced yesterday the acquisition of AGS Airports from Ferrovial and Macquarie, for an enterprise value of £1.53 billion. The transaction is subject to regulatory approvals and is expected... more
AirportsFraport traffic figures in October 2024
5.7 million passengers at Frankfurt Airport
In October 2024, approximately 5.7 million passengers traveled via Frankfurt Airport (FRA), up slightly (by 0.3 percent) from the corresponding month of 2023. During the fall school holidays in the German... more
AirlinesVietnam Airlines aims to order 50 narrow-body airliners by 2025: RFP already issued
The Request for Proposal is open to all, says CEO Le Hong Ha. Boeing has "already had a great proposal"
Vietnam Airlines has announced issue a Request for Proposal (RFP) to purchase 50 narrow-body airplanes in 2025. Although the company expressed interest in Boeing’s 737 Max last year and struck a preliminary d... more
AirlinesITA-Lufthansa. Italian Mef sends corrections to Brussels
No changes to the economic conditions already agreed upon
Now the final approval of the European Commission to proceed with the closing of the operation more
AirlinesAircraft and airlines: Ana Holdings, first half results April 1-September 30
Operating revenue at approximately €6.6 billion. Financial forecasts revised
Ana Holdings (“Ana Hd”) has announced its results for the first half of the fiscal year 2024-25 (April 1-September 30, 2024), which show operating revenue of 1,099.5 billion yen (approximately €6.6 billi... more
AirportsMajor works at Singapore-Changi Airport: USD 2.2 billion on the table
Work spread over six years while waiting for Terminal 5 in the mid-30s. Increases coming
Work is underway soon at Changi Airport, Singapore's main airport, the world's thirteenth busiest in passenger traffic, and one of the most important in Southeast Asia. Changi Airport Group (CAG) has announced... more
AerospaceLeonardo Board of Directors approves 9M 2024 results
Statements by CEO and General Manager Roberto Cingolani
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Stefano Pontecorvo, examined and unanimously approved the 2024 first nine months results.“The economic-financial performance o... more
AirlinesAir France-Klm 3Q2024 results
Drop recorded due to lower tourist influx for Paris Olympics
The Air France-KLM Group has recorded a 13% annual decline in net profit, closing the third quarter of 2024 with 824 million euros. The Franco-Dutch company attributes this decline to the lower influx... more
AirlinesWizz Air faces financial challenges in 1H2025
Profits fall despite revenue and passenger growth
In the first half of the 2025 fiscal year, Wizz Air showed a mixed financial performance, characterized by a decrease in profits and modest growth in revenues and passenger numbers. Financial details reveal... more
DefenseIsrael boosts fleet with new Boeing F-15IA aircraft
A strategic investment for supremacy in the Middle East
The Israeli Defense Ministry has confirmed the conclusion of a contract with Boeing for the acquisition of 25 latest-generation F-15 fighter jets, with significant financial support from the United States.... more
AirlinesEmirates Group: positive half-year results in the airline sector
Budget growth despite global challenges
Emirates Group closed the first half of its fiscal year with a net profit of $2.8 billion, marking a slight increase of 1% compared to the corresponding period of the previous year. Revenue reached $19.3... more
AirlinesCJ EU: General Court dismsisses an action brought by Wizz Air to aid (2 millions) by Romania to airline Tarom
In order to provide compensation for the damage suffered owing to the COVID-19 pandemic
On 3 February 2022, Romania notified the Commission of individual aid of almost € 2 million, in the form of a capital injection, for the Romanian airline TAROM. The aid was financed from the general b... more
Civil aviationConfconsumatori on high flight prices: Sicily announces new refunds for residents
Request accepted, but critical issues remain regarding timing and methods
While the high cost of flights shows no signs of stopping, the news that the Sicily Region will increase the percentage of reimbursement for resident citizens can only be welcomed positively, also and... more
AirlinesITA-Lufthansa negotiations break down: crisis looming
Negotiation impasse jeopardises future of partnership
Since yesterday, discussions on the ITA-Lufthansa agreement seem to have reached a critical point. Giancarlo Giorgetti, Italian Minister of Economy and Finance, is carefully monitoring the details of... more
AirlinesAssovolo: some clarifications about the Lufthansa-ITA Airways acquisition
The press release issued by the Italian Air Transport Federation
Assovolo Trasporto aereo on the Lufthansa-ITA Airways acquisition has made some clarifications in a press release: "The ITA Airways affair is far from sailing in clear skies: the news of the day is that... more
AirlinesImpact of Boeing delays on Ryanair and the airline industry
Financial performance declined in the second quarter
Ryanair's financial performance declined in the second quarter, with net profit falling 6% to € 1.4 billion. The decline was mainly due to delays in Boeing aircraft deliveries, which negatively impacted b... more
AirlinesSingapore Airlines invests in $800 million upgrade
To raise the standards of luxury on board aircraft
Singapore Airlines (SIA) recently announced an investment of over $800 million to upgrade the cabins of 41 A-350/900 aircraft, including long-range and Ultra-Long-Range (ULR) versions, in response to growing... more
AirlinesAir traveller trends and preferences in 2024
According to a recent global survey conducted by IATA
The recent Iata (International Air Transport Association) Global Air Passenger Survey for 2024 highlights how travellers are increasingly relying on convenience and efficiency in their travel choices.... more
AerospaceAirplanes and helicopters. Airbus reports 9m 2024 results
497 commercial aircraft delivered
Airbus reports Nine-Month (9m) 2024 results.The highlights are:497 commercial aircraft delivered Revenues € 44.5 billion; EBIT Adjusted € 2.8 billionEBIT (reported) € 2.7 billion; EPS (reported) € 2.29... more
AirlinesGenoa Airport 2023 budget: reduced losses and new perspectives
Planned expansion of the passenger terminal in 2025
The board of directors of Aeroporto di Genova SpA, 60% controlled by the Western Ligurian Sea Port System Authority and 40% by the Genoa Chamber of Commerce, has recently approved the 2023 financial statements.... more
AirlinesLufthansa Group reports an operating profit of 1.3 billion euros for the 3Q
Following a strong Summer travel season
Lufthansa Group reports an operating profit of 1.3 billion euros for the third quarter following a strong Summer travel season. The highlights are: Strongest revenue quarter in the company's history, w... more
Civil aviationBoeing launches major equity issue in response to financial crisis
Equal to a value of 19 billion dollars
Boeing has announced a massive equity offering of $19 billion, its largest since 2020, to ease financial strains exacerbated by a seven-week strike by its 33,000 workers, which has cost the company $1... more
Airlines2024: a Summer of challenges for European carriers
Due to high costs and complex operations, impact on companies of €3.5 billion
During 2024, the air transport sector in Europe faced unprecedented challenges, exacerbated by a strong growth in air traffic and a travel demand at its highest level since the pandemic. According to a... more
AirlinesAir Ambulances in Australia: Helicorp buys Pel-Air, from Rex Group
Transaction worth over $47 million, pending approval by the Foreign Investment Review Board
Rex Group has announced to investors that it has entered into an agreement to sell its air ambulance business, Pel-Air, to Helicorp Pty Ltd. The agreed transaction amount is approximately $47.1 million... more
Finance and economySafran reports its 3Q2024 and 9m results
Aircraft interiors continued its sales expansion
Safran reports its third quarter 2024 revenueAdjusted dataQ3 2024 revenue: €6,639 million (+14.0%)9m 2024 revenue: €19,686 million (+17.4%)Consolidated dataQ3 2024 revenue: €6,682 million9m 2024 reven... more
Civil aviationBoeing reports third quarter results
Total company backlog of $511 billion, including over 5,400 commercial airplanes
The Boeing Company recorded third quarter revenue of $17.8 billion, GAAP loss per share of ($9.97) and core loss per share (non-GAAP) of ($10.44) primarily reflecting impacts of the IAM work stoppage and... more
AirlinesEmirates orders 5 additional B-777F airplanes
The carrier brings freighter fleet to 21 units by end 2026
The order aims to "reflect Dubai’s growing prominence as a preferred and trusted global logistics hub", said HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group more
AirlinesWizz Air trials Saf fuels on A-321neo aircraft
In collaboration with Airbus, a step forward towards sustainability in the aviation sector
Wizz Air has announced the launch of a pilot project in collaboration with Airbus for the use of Sustainable Aviation Fuel (SAF). This initiative positions the airline one step closer to complying with... more
AirlinesBerlin: aircraft and transport taxes discussed
Bischof (president of BDL and CEO of Eurowings) calls for its abolition, as in Sweden
The President of the German Aviation Association (BdL) and CEO of Eurowings, Jens Bischof, has expressed the need to eliminate the air transport tax to keep air travel affordable. In a statement reported... more
AirportsAci Europe: new study shows airports & air connectivity power 5% of European GDP
On the occasion of its "Airport Economics Symposium" took place yesterday in Brussels
On the occasion of its "Airport Economics Symposium" took place yesterday in Brussels and featuring addresses from Enrico Letta, President of the Jacques Delors Institute and former Prime Minister of Italy,... more
Civil aviationNo aid from Berlin to Lilium, manufacturer of eVtol aircraft
Goodbye (perhaps) to the hope of a 50 million financial injection for the company already in crisis
The German Government has not granted the financial support requested (and strongly hoped for) by Lilium, a Bavarian company that builds eVtol (electric Vertical Take-Off and Landing) aircraft for air... more
AirportsSignificant growth in US biofuel production in 2023
Focus on renewable diesel and the impact of regulations
The United States is expected to grow its biofuel production by 7% in 2023, reaching a total annual capacity of 24 billion gallons by the start of 2024. According to the Energy Information Administration... more
AirlinesAirlines and credit cards: El Al gets its hands on Isracard?
Tel Aviv company bids for control of credit card company
El Al Israel Airlines (an Israeli airline led by CEO Dina Ben Tal Ganancia), has made Isracard Chairman Tamar Yassur and CEO Ran Oz a takeover offer through a private share allocation of 45% of shares... more
AirlinesAirplanes and airlines. Volotea: positive data for passengers transported
In Italy, in the period April-September 2024. The load factor is also very good
Volotea, a note reports, closes another Summer full of flights and connections in the name of consolidation in the Italian market, confirming the centrality of the Belpaese in its business strategies.... more
Finance and economyAnd Boeing is calling for cash...
Giant seeks funding to weather crisis and maintain credit rating
Boeing is seeking financing for a total amount of 35 billion dollars. This move was disclosed through official documents filed with the Securities and Exchange Commission (SEC), the American financial... more
AccidentsFarewell to Ratan Tata, pillar of Indian industry
His is the colossus with branches also in the air transport (Air India), aerospace, defense sectors
A Nation in mourning, it is impossible to quantify the river of people who gathered in Mumbai, India's financial heart, to attend the funeral of Ratan Tata, an iconic industrialist described as an "giant"... more