Finance and economy
3,159 news found
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
AirlinesFocus on ITA-Lufthansa: Germans pressuring Brussels
But the EU Competition Commission advice should only arrive in May
The Lufthansa aviation group is trying to speed up the process and put pressure on Brussels to give the green light on the privatization of the national carrier ITA Airways. The Italian Government supports... more
AirlinesITA-Lufthansa: Brussels could decide at the end of the month
The deadline for expressing an opinion has been postponed to January 29th
The European Competition Commission, led by Margrethe Vestager, will make a decision on the ITA-Lufthansa marriage between January 15th and 29th. Brussels has thus moved the deadlines of the so-called... more
AirlinesRyanair on B-737 aircraft crash
O'Leary: "Boeing and Airbus need to significantly improve quality controls"
The management of the Irish low-cost airline Ryanair has made it concerns known following the plane crash that occurred last Friday in the United States. This is the B-737 Max 9 aircraft (registration... more
Civil aviationITA salaries: Court of Appeal of Milan condemns
Monthly salary "at the absolute poverty threshold according to Istat indices"
The Court of Appeal of Milan established that in some cases the basic pay paid by the national carrier ITA Airways was "illegitimate" as it was not "sufficient to ensure a free and dignified existence... more
AirlinesITA-Lufthansa: concessions in Brussels
Yes to the transfer of slots at Milan-Linate airport
The German aviation group Lufthansa would have offered "concessions" to the European Competition Commission as "remedies" to obtain the green light for the acquisition of a 41% share (with a capital increase... more
AirlinesB-737 Max 9 plane crash (3): Boeing collapses on the stock market
Heavy backlash after Alaska Airlines flight incident
The value of the stock of the American Boeing Group, which operates in the aerospace and defense sectors, collapsed by -7.50% on the Frankfurt stock exchange, settling at 208.90 Euros, after having reached... more
AirlinesB-737 Max 9 plane crash (2): how many companies involved
Over 170 aircraft grounded in the USA, but just as many are flying in the rest of the world
Over 170 Boeing B-737 Max 9 aircraft have been grounded in the United States after the recent news event involving an airplane of this model present in the fleet of the US company Alaska Airlines, which... more
AirlinesAlaska plane crash: plug door found
Detached in flight, reported in the courtyard of a house
The emergency door (plug door) of the Boeing B-737 MAX 9 (registration N704AL) plane of the US Alaska Airlines (flight AS1282) which detached in flight, immediately after take-off from Portland international... more
AirlinesThe future of aviation is biofuel
But today it is not available on a large scale and it costs four times more than traditional kerosene
The future of aviation is biofuel. It is supported by most industry experts. This fuel produced from waste of animal and plant origin could in fact be the best way to achieve a global goal: to decarbonise,... more
AirlinesITA Airways prepares entry into Star Alliance
The admission only after the green light from Brussels, expected in May
The Italian flag carrier ITA Airways is reportedly preparing to exit the Sky Team commercial alliance. This is the organization that brings together airlines such as Air France, Delta Air Lines, KLM, Korean... more
AccidentsTokyo airplane crash: JAL estimates 105 million losses
Aircraft destruction compensated by insurance company
Japan Airlines announced today that it estimates the economic losses resulting from the plane crash that occurred in recent days at Tokyo-Haneda airport at 105 million dollars. The A-350/900 aircraft (registration... more
AirlinesArgentina: Iranian plane seized
Venezuela announces appeal to international courts to obtain return of aircraft
The Argentine judiciary today ordered the definitive seizure of the B-747/300M Dreamliner aircraft (registration YV3531) of the Venezuelan company Emtrasur. The aircraft has been stopped for over a year... more
DefenseUK: new trucks to refuel planes
Vehicle fleet modernization underway, full operational capacity by 2025
The UK Department of Defense has begun modernizing its fleet of refuelling trucks for the Armed Forces' military aircraft. The oldest vehicles will be replaced with 90 new vehicles, according to the Scar... more
Civil aviationItalian Government will cut funding to ministries
Transport Department have to save 553 million euros in the three-year period
The Italian Ministry of Economy and Finance (MEF), led by Giancarlo Giorgetti, has asked for a cut of 6.8 billion euros over three years (2.02 in 2024, another 2.4 in 2025, almost 2.5 in 2026) to rationalize... more
AirlinesTokyo plane crash (3): at least five victims
Collision between two aircraft on the airport taxiway confirmed
The cause of the plane crash that occurred this morning at Tokyo-Haneda airport in Japan has been confirmed. The Airbus A-350/900 aircraft (registration JA13XJ) of the Japan Airlines company was consumed... more
AirlinesITA-Lufthansa: wedding postponed to May
It was the most awaited of the year, Brussels advice delayed by three months
It was the most awaited wedding of the year, the one between the national carrier ITA Airways and the German aviation group Lufthansa. Nothing to do, everything has been postponed. As made official in... more
AirlinesChina: 737 MAX aircraft all in service in 2023
The announcement from the head of Boeing in the Asian country referred to the Dragon airlines
The Chinese section of the Boeing Group, specialized in the aerospace and defense sectors, announced in the early hours that all B-737 MAX planes operated by airlines based in the Dragon Country will return... more
AirlinesFive airlines considered the worst worldwide
They have never passed IATA safety tests or appear on the European blacklist
The ranking of the worst airlines in the world in terms of safety has been published. The list is the result of the analysis of the Aviation Safety Network database, which records aviation accidents globally,... more
Civil aviationWhat to expect in 2024 from air transport
Airlines push ahead with their post-pandemic recovery plans
The 2024 will be the last year for airlines to continue with their post-pandemic plans. In fact, the smooth recovery of airline turnover and passenger traffic volume compared to 2019 is just around the... more
AirlinesITA-Lufthansa: Government confirms postponement
Giorgetti: "Bruxelles made us understand that we will need further months of in-depth analysis"
The Italian Minister of Economy and Finance (Mef), Giancarlo Giorgetti, sole shareholder of the national carrier ITA Airways, has recently confirmed the rumors of recent weeks: the examination of the documents... more
Finance and economySouth Korea: maxi contract for military helicopters
Delivery of LAH aircraft will begin in the fourth quarter of 2025
The manufacturer Korea Aerospace Industries (Kai) recently signed an agreement with the South Korean government for the production of an unspecified number of LAH (Light Armed Helicopter) helicopters,... more
DefenseUS-Israel tensions over helicopter use in Gaza
Tel Aviv would buy more Apache aircraft; request will probably be rejected
The Israeli military has requested that the United States buy additional Boeing AH-64 Apache military attack helicopters. The aim is to strengthen the attack capacity of the air force, which has been engaged... more