Finance and economy
3,231 news found
Finance and economyTremonti at Ecofin: sale prevision for Finmeccanica's shares
Brussels, Belgium - Besides Poste, Ferrovie, Rai, Fincantieri in the potential planned sale of shares
Minister Giulio Tremonti intervened yesterday at Ecofin, the European meeting of Ministers of Economy, and during some public statements he showed those could be the touchy points of next economy manoeuvre,... more
Finance and economyEADS reports results of first quarter 2010
Leiden, Holland - Its macro-economic and commercial environment is gradually improving but remains challenging
EADS reports results of 1Q10. The highlights are, in short: - Revenues of € 9.0 billion: high level of deliveries sustained - EBIT before one-off at € 0.15 billion - EBIT of € 83 million - N... more
Finance and economyAutogrill: the board of directors approves results for 1Q2010
Milan, Italy - The trend in airport sales was favoured by a recovery in business class and a higher propensity to buy
The board of directors approves today the results for 1st quarter 2010. The highlights are: • Consolidated revenues: €1,253.5m, up 3.1% (up 4.3% at comparable rates) on €1,216.2m in 1st quarter 2009... more
Finance and economyShareholders’ meeting of Finmeccanica approves 2009 results and dividend
Rome, Italy - Key figures, changes to articles of association
The shareholders of Finmeccanica SpA, who met today in Rome, have approved the company’s annual results for 2009 and viewed a presentation of the consolidated figures. The results exceeded forecasts, w... more
Finance and economyAdR-Gemina: approved financial statements 2009; Palenzona named chairman
Rome, Italy - The resolutions in the shareholders' meeting yesterday in Milan
"Gemina ordinary Shareholders' Meeting chaired by Dr. Guido Angiolini was held yesterday in Milan and adopted the following resolutions. Finanancial Statements The Shareholders' Meeting approved... more
Finance and economyBoeing Reports First-Quarter Results
Chicago, Usa - Some highlights
Boeing has announced today the first quarter results in 2010. Here the highlights: - Operating margin grew to 7.7 percent on revenue of $15.2 billion, driving net income of $0.70 per share, including... more
Finance and economyAutogrill: shareholders’ meeting approves financial statements for 2009
Milan, Italy - Capital increase voted
"The shareholders of Autogrill SpA met today under the chairmanship of Gilberto Benetton in ordinary and extraordinary sessions. Approval of the financial statements for 2009 The Meeting examined... more
Finance and economyFinmeccanica: shareholders' meetings convoked for end of April
Rome, Italy - Documents available to the public
"Finmeccanica advises that, with reference to its ordinary shareholders’ meeting, convened for 29 and 30 April (first and second call) and its extraordinary shareholders’ meeting convened for 28, 29 and... more
Finance and economyAeroporti di Roma: pound sterling swap risk removed
Milan, Italy - Agreements have been signed yesterday morning
"Agreements have been signed yesterday morning to replace Ambac Financial Services as swap counterpart in hedging the exchange rate and interest rate risk of the bond tranche for 215 million pounds sterling... more
Finance and economyDassault Aviation. Results 2009: orders for 60 Rafale and 98 Falcon airplanes
Paris, France - Financial important operation the acquisition of a 26% stake in THALES
Dassault Aviation has unveiled the financial results for year 2009 during which has received orders for 60 Rafale airplanes and 98 Falcon corporate, while a cancellation, by mutual agreement with NETJETS,... more
Finance and economyLagardère's Group wants to sell shares in Eads
Paris, France - But not in a short period, and only in concert with Paris government and German partners
Lagardère's Group, with shareholding in publishing and retailing fields, in media's and aerospace industry, announced its intention to make free from European EADS Group, but sale of its 7,5% shareholding... more
Finance and economyEADS reports 2009 results
Paris, France - Net loss EUR -763 million
EADS has unveiled the results 2009. Here the highlights and then the integral version of the press release. "- Revenues of € 42.8 billion – strong deliveries across all businesses - EBIT bef... more
Finance and economyAutogrill: the Board of Directors approves the consolidated financial statements at 31st December 2009
Milan, Italy - Margins up and strong cash flow generation
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results and the Company’s draft financial statements for 2009. Here the highlights: • Revenues: € 5... more
Finance and economyAutogrill calendar of company events for 2010
Milan, Italy - Fixed in March, April, May, July and November
"Autogrill SpA announces its financial disclosures calendar for 2010, indicating when the Company’s accounts will be examined and approved by Board of Directors and Shareholders’ meetings: - March 4,... more
Finance and economyFinmeccanica exceeds 2009 forecasts
Rome, Italy - Group to build on last year’s results in 2010
"The Finmeccanica Board of Directors met yesterday to examine the financial forecasts for 2009 and updated guidance for 2010. The forecasts for 2009 – the final results will be submitted to the Board o... more
Finance and economyATR maintains its heading in 2009 despite adverse economical environment
Paris, France - Outlook 2010
On the occasion of its annual press conference, which took place today in Paris, ATR announced stabilization in 2009 of its previous year results, thus reaching its main goals for the year despite the... more
Finance and economyEmbraer: restructuring of Mesa Air Group
São José dos Campos, Brazil - The company has a fleet composed of 36 ERJ-145 aircraft
As released to the market on January 5, Mesa Air Group filed for Chapter 11 bankruptcy protection in a district court of the City of New York. The company, whose fleet includes 36 ERJ-145 aircraft,... more
Finance and economyFinmeccanica approves the calendar of events for 2010
Rome, Italy - And the updating of the Stock Option Plan 2002-2004
"Finmeccanica’s Board of Directors has approved the calendar of events for 2010, summarised in the table below. 2010 calendar of events - Thursday 4 March – Board of Directors: draft annual res... more
Finance and economyCDP agrees to buy remaining stake in STM from Finmeccanica
Rome, Italy - Increasing its holding to 13,77% of share capital
"Cassa Depositi e Prestiti SpA (CDP) and Finmeccanica SpA yesterday signed an agreement on the basis of which CDP commits to buy from Finmeccanica all its 33,770,436 shares in STMicroelectronics NV (STM)... more
Finance and economySpanish Mazel takes a share in Italian Meridie's capital
Rome, Italy - The deal signed at the Italian embassy in Madrid
A deal allowing the Spanish group Mazel to enter the capital of the Italian maintenance company Manutenzioni aeronautiche has been signed yesterday with Meridie at the Italian embassy in Madrid, in presence... more
Finance and economyEADS reports nine months results 2009
Amsterdam, The Netherlands - Deliveries continued to be steady across all businesses
The nine months results of EADS reflect the Group’s successful efforts in prudently managing operations and backlog in a currently challenging business environment. Deliveries continued to be steady a... more
Finance and economyAutogrill SpA: the board of directors approves the Interim Report at 30th September 2009
Milan, Italy - Improved margins and net operating cash flows of € 348.8 m in first nine months
Autogrill SpA has approved the results on September 30, 2009. In particular, the highlights: "• Consolidated revenues: € 4,265.5m, up 0.6% on €4,238.4m in first nine months 2008 (down 6% pro forma... more
Finance and economyLockheed Martin announced third quarter 2009 results
Bethesda, Usa - Net sales of $11.1 billion
Lockheed Martin has unveiled the results concerning the third quarter 2009. The data in details are: - Third quarter net sales of $11.1 billion; Year-to-date net sales of $32.7 billion - Third... more
Finance and economyBoeing reports third-quarter financial results
Chicago, Usa - Backlog at USD 320 bn
Boeing has unveiled third-quarter financial results. In particular, the highlights are: - Third-quarter revenue was $16.7 billion, 9 percent higher than last year's strike-affected quarter -... more
Finance and economyFinmeccanica brings to conclusion its debt structure optimization plan
Rome, Italy - By issuing a 500 million dollar bond with a 30 year maturity
"Yesterday Finmeccanica, through its wholly owned subsidiary Meccanica Holdings USA Inc., issued bonds in the US debt capital market in a private placement for an aggregate amount of 500 million dollar... more
Finance and economyFinmeccanica successfully completed EUR 600 million fixed-rate bond issue with maturity 2022
Rome, Italy - Orders exceed EUR 6 billion
"Yesterday Finmeccanica, through its wholly-owned subsidiary Finmeccanica Finance S.A, issued bonds in the European market targeting institutional investors. The issue has a nominal amount of EUR 600 million,... more
Finance and economyAir France-KLM: "The job's cut is inevitable"
Paris, France - The Group in red the 1Q 2009
The economic crisis also hit the French-Dutch Group Air France-KLM that yesterday announced its first loss since the merger and for Air France is the first in 13 years. According to some press-sources,... more
Finance and economyItalian SAT closes in loss the 1Q 2009
Pisa, Italy - A negative net result equal to 969,000 Euros
SAT, Pisa Airport Management Company, announced the result of the first three months 2009. Passengers were 680,979, with a 5.3% drop compared with the same period of 2008. In a press release SAT said... more
Finance and economyGemina, first quarter 2009 in red
Rome, Italy - Revenue was equal to 120.4 million Euros
Gemina closes in red the first quarter 2009. The Board of Directors approved today the Group Management Intermediate Report to March 31, 2009. The financial result is conditioned by the appropriations... more
Finance and economyAutogrill: the board of directors approves results for 1st quarter 2009
Milan, Italy - Consolidated Ebitda reaches €92.9m
Autogrill has unveiled the results regarding the 1st quarter 2009. "• Consolidated revenues: €1,216.2m, up 11.5% on €1,090.9m in 1st quarter 2008 (–7.3% pro forma at constant exchange rates) • C... more
Finance and economyIberia, 92.6 million Euro loss in the first quarter
Madrid, Spain - Negative forecasts in 2009
Spanish airline Iberia unveiled today the result for the first quarter 2009. The Group posted a consolidated loss of 92.6 million euros in the first quarter of 2009, chiefly due to the deep impact of the... more
Finance and economyEADS, Q1 2009 results reflect strengths but challenges remain
Munich, Germany - Revenues reflect the drop of the Airbus deliveries
EADS (European Aeronautic Defence and Space Company) first quarter 2009 results demonstrate a continuing solid underlying performance. The strong order book allows active management of deliveries at the... more
Finance and economyMeridiana closes 2008 with a 23.9 million Euro net loss
Milan, Italy - The Board of Directors approves the account
The Board of Direction approved the accounts 2008 that will be submitted to the shareholders assembly on June 29th. After three years characterized by profits, Meridiana close the Financial Year (FY) 2008... more
Finance and economyAsian fund purchased Piper Aircraft
Vero Beach, USA - Imprimis acquired 100% of the constructor's stocks from American Capital
Piper Aircfaft, historical aircraft manufacturer, has been bought by Asian investment fund Imprimis, operating between Bangkok, Singapore and Brunei. American Capital sold its 100% stake in the company... more
Finance and economyUnited lost 382 million dollars in the 1Q 2009
Atlanta, USA - The airlines would cut systemwide capacity 9% for the full year
United Airlines said Tuesday it lost 382 million dollars during the first quarter as it raced passengers to see who could pull back faster on flying, against 549 of the same period in 2008, particularly... more
Finance and economyDelta, 794 million dollar 1Q net loss
Altanta, USA - 50 dollar fee for the second bag from July
Delta Air Lines, one of the world’s largest carrier, reported a 794 million dollar first-quarter net loss on lower demand for travel because of the recession. This is a better result than 2008 (6.39 b... more
Finance and economyPrecision Air’s ATR fleet financing awarded as “African Deal of the Year 2008”
New York, Usa - By "Airfinance" Journal
"The financing of the fleet of 2 ATR-42/500s and 5 ATR-72/500s of the Tanzanian private carrier Precision Air Services has been awarded by 'Airfinance' Journal as 'African Deal of the Year 2008'. The award... more
Finance and economyAutogrill: new board of statutory auditors voted for 2009-2011 three year term
Milan, Italy - Shareholders’ meeting approves financial statements for 2008
"The ordinary meeting of the shareholders of Autogrill SpA held today under the chairmanship of Gilberto Benetton approved the financial statements for 2008. The meeting also voted to allocate profits... more
Finance and economyBoeing to slow production 2009
St. Louis, USA - The announcement of the production cut
Hard days for Boeing. The Company last week announced that it would slow manufacturing rates for three larger jet models, the 767, 777 and 747/8, whose sales have been battered by a decline in air freight... more
Finance and economyBritish Airways easy about Iberia merger
London, UK - Walsh: "We will not settle for less than 53% of the new group"
Willie Walsh, British Airways CEO, told the Spanish newspaper "Expansion" that his airline is in no hurry to end talks about the merger with Iberia. He also stated that "Our shareholders will not settle... more
Finance and economyEurofly closes 2008 with revenue +14.7%
Olbia, Italy - Net financial position is positive for 5,57 million Euros
Eurofly closed 2008 with revenues +14.7%, equal to 368,37 million Euros, while the net lose reduced to 18.49 million Euros, compared with 22.28 million of the last year. According to a note by the airline,... more
Finance and economyBritish Airways and Iberia: merger talks stall
London, UK - In spite of managers' optimistic statements
In spite of the frequent reassurances made by British Airways and Iberia managers the merger talks between the two airlines seem to be idling. According to the British newspaper "Times", quoting sources... more
Finance and economyAgreement reached between Air Berlin and TUI Travel
Berlin, Germany - The operator will take over the 19,9% of the airline in exchange of 19,9% of TUIFly
After the recently announced discussions (see AVIONEWS) the German airline Air Berlin and the tour operator TUI Travel signed the agreement for a mutual exchange of stocks. The signature has been announced... more
Finance and economyPossible alliance between Air Berlin and Tui Travel
Berlin, Germany - The two companies towards a cross-participation in each other's capital
Even if it is not yet certain, managers from the two German companies (Air Berlin airline and Tui Travel tourist operator) confirmed to be in advanced discussions for a possible alliance. If signed, this... more
Finance and economyVueling-Clickair: the first step to the merger
Barcelona, Spain - The cross-selling between Websites of the two airlines
With the activation of the cross-selling system between Websites of Vueling and Clickair, the two airlines give the go-ahead to the first step to the merger, Vueling financial manager, Mr Antonio Grau,... more
Finance and economyHypothesis of joint-venture among American Airlines, British Airways and Iberia
Atlanta, Usa - Maybe within the Summer
American Airlines will reduce the market's domestic capacity of 8-10% (and not the European network that, on the contrary, will profit by the introduction of the new route from Dallas to Madrid). But the... more
Finance and economyThe tour operator I Viaggi del Ventaglio sells its shares in Livingston to 4 Fly
Milan, Italy - The agreement includes the supply of air transportation service
The Italian tour operator I Viaggi del Ventaglio sells to 4 Fly its shares in the air carrier Livingston spa. The transaction worth 44.1 million euros. Meanwhile, the Milanese operator made a deal for... more
Finance and economyBank of America sells Merril Lynch air fleet
New York, Usa - It was made of three airplanes and one helicopter
Bank of America put on the market three airplanes and one helicopters of Merrill Lynch fleet, which has just become a branch. The goal is to reduce costs, decreasing the use of aircraft. According to... more
Finance and economyAlitalia: official listing difficult within three years
Rome, Italy - The statements by Roberto Colaninno
"The official listing of Alitalia within three years is a possibility forecast by the stature but I don't believe that will be possible", said Roberto Colaninno, President of Alitalia during the hearing... more
Finance and economyRyanair, a loss of 102 million Euros
Dublin, Ireland - Data relating to 3rd Quarter 2008
Ryanair, Europe’s largest low fare airlines announced a Q3 loss of 102 million Euros, (compared to a profit of 35 million in last year’s Q.3). Average fares fell by 9% to 34 Euros, while fuel costs ros... more