Finance and economy
3,231 news found
AirlinesAnother air strike in Germany
Hamburg airport ground assistance staff protest
Another bad day for transport in Germany. A Strike is ongoing from 3:00 tonight until 11:59 pm today, Friday 2 February 2024, at Hamburg-Fuhlsbüttel airport. The ground assistance staff working in the... more
AirlinesUSA: 600 American Airlines workers at risk
Carrier wants to fire them to provide more 'efficient' customer service
The US carrier American Airlines recently announced the dismissal of 656 employees. It's a move that is part of initiatives with which the company seeks to reorganize and improve its customer support team.... more
AirlinesFAA inspectors at Boeing factories
Meanwhile, investigations continue into the explosion of the door on board an aircraft
The US Federal Aviation Administration (FAA) has made public part of the contents of the hearing of the US Boeing Group regarding the safety of the production procedures of the 737 MAX aircraft. During... more
DefenseTürkiye also wants Eurofighter military planes
European aircraft under consideration, as well as US F-16s
Turkey would still be interested in purchasing 40 European-made Eurofighter Typhoon military aircraft. In detail, it would have already discussed the details with Germany, a member of the consortium that... more
Defense"Aspides": European mission in the Red Sea begins
Italy employs soldiers and at least one ship for 12 months
Italian Defense Minister Guido Crosetto was heard this morning, Thursday 1st February, at the joint Defense commissions of the Italian Chamber of Deputies and the Senate. At the center of the face-to-face... more
AirlinesGerman strike: 200,000 passengers on the ground
The estimate of the German airport federation; today 1100 flights cancelled
At least 1100 flight connections will be cancelled at 11 German airports. This is due to a strike called for today, February 1, 2024, which is being joined by security staff working in numerous airports.... more
AirlinesRussia: agreement on aircraft leasing
Moscow will shell out more than 2.5 billion dollars to buy more than 100 airplanes
The Russia government has entered into agreements with foreign aircraft leasing companies to take possession of planes leased by Russian air carriers. In detail, the Moscow state insurance company NSK... more
AirlinesGreen light for Korean Air-Asiana merger
Japanese antitrust authority approves 1.2 billion euro deal
Japan Fair Trade Commission (JFTC) has approved the merger between South Korean airlines Korean Air and Asiana Airlines. This is the 12th approval by a competition authority out of the 14 needed to make... more
DefenseCybersecurity: Italian undersecretary Mantovano audited
Minardo (Defense commission): "It is necessary to strengthen awareness and cooperation between cyber defense actors"
Undersecretary of State at the Italian Presidency of the Council of Ministers, Alfredo Mantovano, who holds the delegation for cybersecurity and anti-drug policies, heard today in the Italian Chamber of... more
AirlinesAir strike in Germany
Airport security personnel will stop on Thursday 1st February 2024
Black Thursday for the air transport sector in Germany. In fact, a strike has been called for tomorrow, February 1, 2024, which will be joined by German airport security staff. Serious service disruptions... more
AirlinesTurkish Airlines leases 10 planes
New B-737/800 aircraft in the fleet by 2025
The Emirati company Dubai Aerospace Enterprise (Dae), specialized in aviation services and aircraft leasing, announced in the last few hours that it has signed an agreement with the National flag carrier... more
AirlinesBoeing withdraws exemption request for B-737 MAX 7 aircraft
"We will incorporate new engineering solution completed during certification process"
The US Boeing Group, specialized in the aerospace and defense sectors, has confirmed in recent hours that it will withdraw the application submitted in 2022 to the US Federal Aviation Administration (FAA)... more
DefenseCroatia: US approves sale of military helicopters
Eight "Black Hawks" could soon arrive in Zagreb
The United States has approved the potential sale to Croatia of eight UH-60M "Black Hawk" military helicopters produced by the American company Sikorsky (Lockheed Martin Group). The sale includes the supply... more
AirlinesMalaysia Airlines: 12 new aircraft arriving
The first A-330neo is expected to be delivered in the 3Q of this year
The Asian Malaysia Airlines will see the entry into its fleet of 12 new aircraft in 2024, including the first A-330neo, which is expected to be delivered in the third quarter of this year. A total of four... more
AirlinesUSA: airlines ask Boeing for answers
Severe blow to profits resulting from stoppage of B-737 Max 9 deliveries
Management at several US airlines has expressed frustration over problems with the quality of Boeing's safety assessments of the aircraft it produces. This had a negative impact on airline costs, due to... more
AirlinesUSA: positive turnover for American Airlines
Estimated increase in operational capacity of +5% in 2024
The US carrier American Airlines has recently communicated its financial and operational data for 2023. The airline had a record turnover of 53 billion dollars, recording an increase in annual net profit... more
AirlinesRoyal Jordanian receives E-195 aircraft
First tranche of deliveries which includes the purchase of eight regional airplanes
Royal Jordanian Airlines took delivery of its first two new generation E-195 aircraft (E2 version) yesterday. This is the first tranche of deliveries, defined by a leasing agreement signed in May 2023... more
DefenseAircraft. "GCAP" program may open to others States
Crosetto (Italian Defense): "We are waiting first phase conclusion, then we will evaluate agreement"
The development program for a new generation military combat aircraft, called Global Combat Air Program (GCAP), could open up to other countries. Defense collaboration is being carried out by Italy, Japan... more
Civil aviationIndia-France agreement for production in New Delhi
Up to 800 helicopters and at least 40 military transport planes
India and France would have signed a collaboration agreement for the production of helicopters and planes of the European Airbus Group in the factories of the Asian country. The official announcement is... more
AirlinesUSA: MAX 9 planes will soon return to service
Whitaker (FAA): "We will not accept any requests for production expansion"
The Federal Aviation Administration (FAA) declared in recent hours that the B-737 MAX 9 aircraft will return to flight after the end of inspections on the 171 grounded examples. The stop to service came... more
AirlinesAir Europa privatization: Brussels takes time
European Competition Commission will have to decide by 7 June 2024
The European Competition Commission, led by Margrethe Vestager, has announced that it will take more time to thoroughly evaluate the privatization of the Spanish airline Air Europa. Under the lens of the... more
AirlinesITA-Lufthansa: transatlantic flights in Brussels' sights
The sacrifices required worry the two airlines for three reasons
Short-haul flight in Europe and profitable intercontinental flights to North America. These are the two issues to be resolved before the European Competition Commission gives the green light to the agreement... more
Finance and economyEmirates orders 200 drone helicopters
It is the largest order in the country's history for the purchase of VTOL
The Ministry of Defense of the United Arab Emirates has placed the largest order in its history for the purchase of drone-helicopters: these are 200 VTOL (Vertical Take-Off and Landing) aircraft, of the... more
Airlines"SAF projects never financed by Brussels"
The complaint from the organization Transport and Environment
The production of synthetic fuel Sustainable Aviation Fuel (SAF) has not yet received any investment from Brussels, although the European Union has set multi-year targets in 2023 to progressively increase... more
AirlinesITA-Lufthansa (2): decision by 6 June
Remedies are needed on short-haul Italy-Central Europe routes and on some intercontinental flights
By 6 June 2024 the European Competition Commission should take a final decision on the agreement between the Lufthansa aviation Group and the Italian Ministry of Economy and Finance (MEF) for the privatization... more
AirlinesEuropean Commission opens in-depth investigation into acquisition of stake in ITA Airways by Lufthansa
It has preliminary concerns that the transaction may reduce competition in the market
The European Commission has opened an in-depth investigation to assess, under the EU Merger Regulation, the proposed acquisition of joint control of ITA Airways (‘ITA') by Deutsche Lufthansa AG (‘Lufthansa”') and t... more
AirlinesUnited Airlines: no B-737 MAX 10 aircraft in fleet
According to management, deliveries of this airplane are expected to be five years late
The CEO of the US carrier United Airlines, Scott Kirby, stated in recent days that the company is building a fleet plan that will not include B-737 MAX 10 aircraft. This is an announcement that specifies... more
DefenseLithuania wants to buy Leopard tanks
The aim is to strengthen presence on the eastern border with Russia
The government of Lithuania has announced the start of negotiations for the purchase of Leopard 2 tanks produced by the German industry by Krauss-Maffei Wegmann (French-German defense group KNDS). The... more
AirlinesITA-Lufthansa: first yes from airlines
O'Leary (Ryanair): "Marriage impossible without giving up airport slots to other carriers"
While waiting for the European Competition Commission, led by Margrethe Vestager, to give the definitive green light to the marriage between the German aviation group Lufthansa and the flag carrier ITA... more
AirlinesAirline ticket prices, the algorithm reigns
Carriers bet on artificial intelligence to increase revenues
Airlines around the world are increasingly relying on artificial intelligence (AI) to rule price tickets. The goal is to maximize revenues. It is a system that determines the "correct rates" in real time:... more
AirlinesUSA: emergency landing for B-747 plane
The cause would be an engine malfunction shortly after take-off
The pilot of a B-747/800 cargo plane operated by the Atlas Air company was forced to make an emergency landing at Miami-Dade International Airport, the stopover from which he had departed. What convinced... more
AerospaceAxiom 3 space mission ongoing
Docking to the ISS scheduled for Saturday 20 January - VIDEO
The Axiom (Ax-3) space mission has begun. After a day of waiting, for the 24-hour postponement, the Falcon 9 rocket with the Crew Dragon spacecraft from the Space in the United States. The docking of the... more
AirlinesITA-Lufthansa: wedding in May 2024
Brussels judges the transfers of airport slots to Linate to be "insufficient"
The European Competition Commission, led by Margrethe Vestager, is concerned about the multiple routes on which the two wedding-ready airlines ITA Airways and Lufthansa already operate "in situations of... more
AirlinesVienna Airport expands terminal
Work began in February and completion is expected by 2027
Vienna-Schwechat Airport is preparing to start expansion work on Terminal 3. The construction site will open on February 14 and the work is expected to be completed by 2027. The new building will house... more
Civil aviationFirefighting plane crashes on cars in Chile
Pilot killed while fighting a fire on Ruta 5 - VIDEO
A Trush S-2R/T660 firefighting plane (registration EC-NPL) crashed in recent hours in Chile on the Ruta 5 highway, near Panguilemo airport. The Corporación Nacional Forestal (Conaf) reported that the... more
AirlinesRed Sea: planes to avoid attacked ships
Freighter aircraft in support during maritime cargo transport crisis
Companies, producers and industries that usually entrust the transport of their products to ships that sail the Red Sea are now focusing on cargo planes. This is a strategy that will materialize in the... more
AirlinesUSA: stop JetBlue-Spirit wedding
"Consumers who rely on Spirit's low-cost model would be harmed"
US federal judge William Young of the Boston court recently blocked the merger between the American airline JetBlue Airways and the ultra-low cost company Spirit. The agreement for the acquisition of the... more
AirlinesA woman at the helm of Japan Airlines
Mitsuko Tottori, a former hostess becomes the first pink president
Japan Airlines in the last few hours has appointed Mitsuko Tottori, current senior Managing Executive Officer, as the new president of the carrier. This is the first time that a woman holds this position... more
AirlinesITA-Lufthansa: "Insufficient remedies"
Rumors from Brussels on the evaluation of the privatization of the Italian company
The European Competition Commission would have branded as "insufficient" the transfers advanced by the Lufthansa aviation group to obtain the green light from Brussels for the Germans' entry into the capital... more
AirlinesBoom in airline orders in 2023
Which and how many aircraft bought by airlines in the world
The 2023 was a record year for the number of new aircraft ordered. In the previous 12 months the global air transport sector has in fact reached an operational capacity almost similar to that of 2019.... more
DefenseEgypt-Italy bilateral defense ongoing
Present Luciano Portolano, Secretary General of Defense and his counterpart
Breaking news. The 5th special Italy-Egypt Bilateral Cooperation Meeting to strengthen relations between the two countries is currently underway in Cairo, Egypt. The face-to-face meeting between the delegations... more
AirlinesUSA: FAA starts hiring workers with disabilities
Harsh criticism from the American media: "Also include those with intellectual and psychiatric pathologies"
The US Federal Aviation Administration (FAA) hires workers with mental and psychological disabilities: this is an initiative that falls within the framework of a campaign in favor of the inclusion of diversity.... more
Civil aviationBoeing contracts inspections on B-737 Max airplanes
Group will allow client companies to view aircraft factories
The American Boeing Group has sent a team of inspectors to the American company Spirit AeroSystems, which creates and installs plug doors on the fuselages of 737 Max planes, like the one that exploded... more
DefenseNew helicopters to Romanian Navy
They will be embarked on missile frigates
Romania has purchased two H-125M helicopters produced by the European manufacturer Airbus Helicopters for the Nationa Navy. The rotary-wing aircraft will be embarked on board the main maritime units of... more
AirlinesBlackRock buys Gatwick airport
12.5 billion dollars deal to acquire stakes in major British airports
The investment fund BlackRock has signed a deal worth 12.5 billion dollars to acquire significant stakes in some of the most important airports in the United Kingdom. If we also consider the purchase of... more
Civil aviationHyundai S-A2 air taxi presented
South Korea's EVtol is expected to be commercialized in 2028
The South Korean Hyundai Group has presented the prototype of its new air taxi model. This is an Electric Vertical Take-Off and Landing (eVtol) aircraft called S-A2 "Supernal". The concept of the vehicle... more
DefenseBrussels invests in artificial intelligence for military systems
935 million euros on the table in 2024 for 33 projects: planes, helicopters, drones, missiles
The European Commission plans investments in new technologies for military aircraft and armaments capable of conducting next-generation conventional warfare. Brussels is focusing in particular on the implementation... more
Civil aviationUK: the drone era takes off
Dozens of commercial projects under consideration by CAA
The UK is preparing to enter the era of commercial drones in common use. The path to be taken towards their widespread diffusion is still complex: it ranges from the regulatory level to the infrastructure,... more
AirlinesLow-cost airlines cut flights to Italy
Over two million places will be removed in 2024 compared to the previous year
Low-cost airlines are reducing their presence in Italy. Over two million seats have been cut in the 2024 flight programs compared to the previous year. This is the data that emerges from the Cirium Diio... more
AirlinesItaly: cancelled flight violates personal rights
Court of Cassation agrees with passenger who had also requested moral damages
The Italian Court of Cassation established, in a recent ruling, that in the event of a cancelled or delayed flight there are valid circumstances to request further compensation for moral damages. This... more