Finance and economy
3,231 news found
Finance and economyAircraft and finance. HNA Group acquires a 48% stake in Aigle Azur
Haikou, China - 40-million-dollar deal
On Tuesday 23 October 2012 the Chinese group Hainan Airlines Company Limited (HNA), the parent company of Hainan Airlines, communicated the acquisition of a 48% stake in the French company Aigle Azur Transports... more
Finance and economyAircraft and finance. Ryanair warns bidders "Not to be ripped off" over London-Stansted Airport
London, United Kingdom - According to the airline, the real Regulatory Asset Base is half of the one declared by BAA
The Irish low-cost airline Ryanair warned potential bidders for London-Stansted Airport "Not to be ripped off" by BAA, the firm of the Spanish group Ferrovial which currently operates the English facility,... more
Finance and economyAircraft and finance. MAG confirms it will bid for London-Stansted Airport
Manchester, United Kingdom - Australia's Industry Funds Management acquired 35% of the company for this purpose
It was the most obvious open secret in this industry, but now there is the official confirmation: Manchester Airports Group (MAG) will make a bid for the acquisition of London-Stansted Airport, having... more
Finance and economyAircraft and finance. Etihad interested in Aer Lingus' share owned by the Irish government
Abu Dhabi, United ARab Emirates - "But they have still not approached us"
On Tuesday 16 October 2012 the president and chief executive officer of Etihad Airways James Hogan declared that the United Arab Emirates' company could take into consideration the acquisition of Aer Lingus'... more
Finance and economyAircraft and industry. BAE-EADS merger: shareholders concerned, London ready to veto
London, United Kingdom - UK's defense secretary: "It is necessary to reduce French and German stakes"
The possible EADS-BAE Systems merger keeps on moving on a bumpy path. Philip Hammond, UK's defense secretary, has declared that the British government is ready to veto the operation if German and French... more
Finance and economyAircraft and finance. Aeroporti di Roma considers "Inadequate" the offers received for AdR Mobility
Rome, Italy - The management firm of Rome's Fiumicino and Ciampino airports will look for different solutions
Aeroporti di Roma SpA (AdR), the management firm of Rome's Fiumicino and Ciampino airports, has renounced to follow up the call for bids for the sale of ADR Mobility the division of the Group which handles... more
Finance and economyMitsubishi UFJ acquires aircraft leasing firm for 1.3 billion dollars
San Francisco, USA - The acquisition of Jackson Square Aviation has positive effects on the shares of the Japanese company
Mitsubishi UFJ Lease & Finance, Mitsubishi Corp division, announced on Thursday 4 October 2012 the acquisition of JSA International, American San Francisco-based aircraft leasing firm which operates as... more
Finance and economyBoeing and National Bank of Abu Dhabi sign agreement for aircraft development financing
Abu Dhabi, United Arab Emirates - The American manufacturer wants a leading role in the Middle East market
The National Bank of Abu Dhabi (NBAD) and the American aerospace firm Boeing have signed an agreement to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market. The... more
Finance and economyAircraft and finance. Armavia for sale: possible interest on the part of Italian buyers
Yerevan, Armenia - In the past six months the company has amassed 5.3 million dollars in debt
Armavia, the most important Armenian airline, will be sold soon, according to reports by local media. The carrier, through its press secretary Nana Avetisova, has communicated that currently there are... more
Finance and economyAircraft and finance. New Zealander firm enters the race for London-Stansted Airport
London, United Kingdom - The possible new bidder is a consortium guided by Infratil
BAA, the current operator of London-Stansted airport, must sell it after its renunciation to appeal another time against the decision of the UK Competition Commission which obliges it to get rid of the... more
Finance and economyAircraft and finance. Libya’s Buraq Air in pole position to acquire B&H Airlines
Sarajevo, Bosnia & Herzegovina - The Bosnian government does not want to repeat the negative experience of the partnership with Turkish Airlines
Libyan airline Buraq Air is reportedly in pole position for the acquisition of B&H Airlines, the most important carrier in Bosnia & Herzegovina, according to reports of media in the North African country.... more
Finance and economyFinmeccanica confirmed in the Dow Jones Sustainability Indexes
Rome, Italy - for the third consecutive year
Finmeccanica announces that also for the period 2012/2013, the third consecutive year, has been admitted to the Dow Jones Sustainability Indexes. In particular, Finmeccanica has been confirmed to the... more
Finance and economyAircraft and finance. BAA chooses Deutsche Bank and ING to run the auction for London-Stansted Airport
London, United Kingdom - The sale should start in early 2013
The operations for the sale of London-Stansted Airport, after the company renounced to lodge another appeal against the decision of the Competition Commission which forced it to get rid of the main low-cost... more
Finance and economyItaly. Sat SpA (Pisa Airport): BoD approves six month financial report (June 30)
Pisa, Italy - The traffic and economic result growth continue: net profit +36%
The Board of Directors of SAT (Società Aeroporto Toscano Galileo Galilei SpA) that manages Pisa Airport, approved yesterday the six month financial report (June 30, 2012). Below a summary of the figures: -... more
Finance and economyAircraft and finance. Ryanair seeks help from its competitors to buy Aer Lingus
Dublin, Ireland - The low-cost carrier asks to six companies to improve connections from Dublin
Michael O'Leary, Ryanair chief executive officer, wants to leave no stone unturned in order to manage to acquire Aer Lingus: the last, almost incredible, move is seeking competitors' help, on the eve of... more
Finance and economyAircraft and finance: Etihad Airways increases its stake in Virgin Australia
Abu Dhabi, United Arab Emirates - Share raised to 6.1%
Etihad Airways, Abu Dhabi-based company. has increased its stake in Virgin Australia Holdings Ltd up to 6.1%, according to reports by the Australian Securities Exchange (ASX). At the beginning of this... more
Finance and economyAircraft and finance: who will buy London-Stansted
London, United Kingdom - UK's fourth busiest airport is a desirable prey
BAA's decision to end the long series of appeals against the decision of the UK Competition Commission, which forced it to sell London-Stansted Airport (AVIONEWS) opens some interesting scenarios about... more
Finance and economyAircraft and finance: Air Lease Corporation quadruples its profits in second quarter
Los Angeles, USA - The firm forecasts a strong demand for Boeing 737 MAXs
Air Lease Corporation (ALC), one of the most important aircraft leasing firms in the world, announced very good results in the second quarter of 2012. Net profit for the Los Angeles-based company was... more
Finance and economyAircraft and transport: Fraport's revenue increases in the first half of 2012
Frankfurt, Germany - But the cargo sector is experiencing a strong drop
Fraport, one of the most important airport operators in Europe, obtained good results in the first half of 2012, with the exception of the cargo sector. The group's revenue increased by 2,5%, reaching... more
Finance and economyAircraft and finance: Iberia pushes to IAG Q2 balance towards the red
London, United Kingdom - Expenses for fuel and emission charges increased by 25%
The balance sheet relative to the second quarter of 2012 of International Airlines Group (Iag), the holding constituted by British Airways and Iberia, reports negative results, mostly because of the well-known... more
Finance and economyGemina (Aeroporti di Roma SpA): the BoD approves the results for the first half of 2012
Rome, Italy - Air transport situation
The Board of Directors of Gemina SpA approved yesterday the consolidated Half-yearly financial report as at 30 June 2012. Following the highlights: - During the first half of 2012 Rome's airport... more
Finance and economyThe Lufthansa Group reports upward trend in earnings in the second quarter
Frankfurt, Germany - And reduces its operating loss for the half-year to EUR 20m
Deutsche Lufthansa AG reported an upward trend in earnings performance in the second quarter of this year. In the period from April to June, the Group earned an operating profit of EUR 361m, nearly making... more
Finance and economyFinmeccanica's BoD: financial performance for the period
Rome, Italy - New orders: €4,200 million
Financial performance for the period Finmeccanica’s board of directors met on 31 July, chaired by Giuseppe Orsi, examined the results of the second quarter of 2012 and unanimously approved the I... more
Finance and economyFinmeccanica: the BoD has examined the results of operations of the second quarter of 2012
Rome, Italy - And approved the Interim Financial Report at 30 June 2012
The board of directors of Finmeccanica examined yesterday the results of operations of the second quarter of 2012 and approved the Interim Financial Report at 30 June 2012 (all data are unaudited). Key... more
Finance and economyAircraft and finance: Aer Lingus president asks shareholders to refuse Ryanair offer
Dublin, Ireland - "They would renounce to London-Heathrow slots"
On Tuesday 31/07/2012 the president of the Irish carrier Aer Lingus Colm Barrington wrote a letter to the company shareholders urging them to reject the purchase offer made by Ryanair: the board of directors... more
Finance and economyItaly. SEA, Milan airports: BoD approves six month financial report (June 30, 2012)
Milan, Italy - A positive evolution of the gross operating margin in 2012 is possible, where the reference context does not suffer marked changes
The Board of Directors of SEA SpA (Milan airports management company) approved today under the presidency by Giuseppe Bonomi, the six month financial report (June 30, 2012) of the Group, that includes... more
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