Finance and economy
3,159 news found
AirlinesIndia: over 100 planes grounded due to fog
Orange alert issued for the next 24 hours
There is transport chaos in the capital New Delhi and in large parts of northern India. Over 100 planes and at least 25 trains were cancelled, diverted or delayed for hours. The reason? A thick fog, with... more
AirlinesITA Airways ends the year in the red
"Budget at a loss, but less than the 200 million that the newspapers are talking about"
The national carrier ITA Airways has communicated the company's economic data for the 2023 financial year: the company has made it known that it will close with a loss-making balance sheet, even if lower... more
DefenseUSA-Turkey: "F-16 aircraft in exchange for lifting NATO veto"
Progress on the sale would favor the Turkish green light for Stockholm's accession
The US government could authorize the sale of Lockheed Martin F-16 "Fighting Falcon" warplanes to Ankara if the Turkish parliament ratifies Sweden's accession protocol to the North Atlantic Treaty Organization... more
AirlinesUSA: lost child, found at airport
Minor boarded on the wrong flight: he was supposed to spend Christmas with his grandmother
US carrier Spirit Airlines put a six-year-old boy on the wrong plane and the child, who was traveling alone, ended up at an airport four hours from his correct destination. After a few hours of apprehension,... more
AirlinesAircraft: Lufthansa strengthens fleet in Italy
While waiting for the green light on negotiations with ITA, it bets on Air Dolomiti
The Lufthansa Aviation Group will close 2023 with the highest number of passengers transported in Italy: 3 million travellers. While waiting for the European Competition Commission to conclude the evaluation... more
AirlinesITA Airways: President Turicchi on his way out?
The hypothesis of postponing the marriage with Lufthansa to June 2024 is strengthened
The current president of the Italian ITA Airways, Antonino Turicchi, could leave the company by the end of this year, that is December 2023. This is what emerges from rumors filtering through the press.... more
AirlinesUkraine: Kiev-Paris flight operated
Zelensky: "Opening of the airport will be a great victory for our defense of the skies"
A Boeing 777/300 plane took off in recent days from Kiev-Boryspil international airport and reached France. According to some experts, the flight was covered by electronic jamming systems of Russian radars.... more
AirlinesAir France, alleged illicit aid during pandemic
EU Court rejects the green light given at the time by the European Commission
The European General Court (Egc) has defined the economic aid received by the French airline Air France during the pandemic as "illicit financing". This is a ruling that rejects the decision taken by the... more
AirlinesITA-Lufthansa: possible postponement to June 2024
A decision delayed for political reasons; the shadow of the European elections
The documents of the privatization operation of the air carrier ITA Airways, stipulated between the Ministry of Economy and Finance (MEF) and the German aviation group with Lufthansa, are on the table... more
DefenseGreece will buy 35 military helicopters
United States gives green light to purchase UH-60M Black Hawk aircraft
Green light for Greece to purchase 35 twin-engine UH-60M Black Hawk helicopters built by the american company Sikorsky (Lockheed Martin Group). The US State Department authorized the sale in recent days.... more
AirportsBrazil announces construction of 120 airports
Initiative supported by an investment plan of over 1.1 billion euros
The Government of Brazil has announced that it plans to build 120 new airports by 2026. This is an initiative supported by a private investment plan amounting to over 1.1 billion euros. The aim is to encourage,... more
AirlinesBrazil: agreement with airlines on discounted flights
Agreement with three airlines in exchange for discounts on fuel prices
Agreement between the Brazilian government and three major airlines to offer air connections at discounted prices. The companies involved are Gol Linhas Aéreas Inteligentes, Azul Linhas Aéreas Brasileiras a... more
AirlinesITA Airways: 10 million euros seized
Labor Court rules in favor of 71 ex-Alitalia employees who have now been rehired
A judge of the Labor Court would have seized a sum equal to 9.441 million euros present in the accounts of the national carrier ITA Airways. This would be money deposited in an airline current account... more
AirlinesPalermo-New York flights returns
The direct flight was presented today, restored after five years
The direct flight between the "Giovanni Falcone e Paolo Borsellino" airport of Palermo-Punta Raisi and the US airport of New York has been restored after five years. The air connection will be operated... more
AirlinesRyanair at loggerheads with Brussels
O'Leary (CEO) against air strike in France: "Von der Leyen must intervene or resign"
The leaders of the Irish low-cost airline Ryanair are protesting on the 67th day of the strike by French air traffic controllers, who were also mobilized today, Monday 18 December 2023. Accusing finger... more
AerospaceGrottaglie Airport: Puglia aims for the cosmos
Vasile (AdP): "Let's prepare the Italian future that is now and the challenge of space"
An 11 million Euro project to strengthen Italy's commercial role in the aerospace sector. This is the aim of the reorganization project of the Italian "Marcello Arlotta" airport of Taranto-Grottaglie,... more
AirlinesAirline Ryanair: towards 100 million bonus
The company's value has more than doubled compared to August 2019
The CEO of the low-cost airline Ryanair, Michael O'Leary, is considering starting a sale of shares in the company with the aim of obtaining a potential bonus of 98.8 million euros. This is a planned move... more
AerospaceNorth Korea tests intercontinental missile
Tokyo: "It may have the ability to fly more than 15,000 km" - VIDEO
The militaries of South Korea and Japan announced that North Korea tested an intercontinental ballistic missile tonight, that it would be capable of hitting the United States. This is just the latest in... more
AirlinesAirline Lufthansa versus "Last Generation"
Legal action started against climate activists for blockades of some airports
The German aviation group Lufthansa has asked for 740,000 euros in damages from the "Last Generation" climate activists. The reason? The protests organized between 2022 and 2023 at various German airports... more
AirlinesAir France-KLM flies high at Stock Exchange
Smith: "With ITA we tried twice in the past and it didn't work, a third would have been too much"
The Franco-Dutch aviation group Air France-KLM flies high at Stock Exchange. This morning the stock recorded an increase of +3.20%, which combined with the good performance of the last few days ago recorded... more
AirlinesAirports as possible urban energy hubs
It emerges from a study published by Cassa Depositi e Prestiti
Airports can transform into urban energy hubs. This is what emerges from a study recently published by Italian Cassa Depositi e Prestiti (CdP), the state company of the Italian Ministry of Economy and... more
Finance and economyCanada will send helicopters to Latvia
North American country will double military presence as NATO deterrence
The Government of Canada has authorized the supply of four Royal Canadian Air Force (RCAF) Bell CH-146 "Griffon" military helicopters to Latvia. The delivery has been scheduled for 2024. It's a move that... more
Civil aviationHX-50 helicopter unveiled, tests in 2024
English company ready to launch a technological aircraft for the luxury segment - VIDEO
A new luxury helicopter has been unveiled these days. The British manufacturer Hill Helicopters presented its new HX-50 for the first time during an event organized for the occasion at the Imperial War... more
Airlines"ITA-Lufthansa pact will be good for Fiumicino"
The words of Marco Troncone, CEO of Aeroporti di Roma company
The agreement between the German group Lufthansa and the Italian flag carrier ITA Airways will bring notable developments to the "Leonardo Da Vinci" airport in Rome-Fiumicino. The leaders of the management... more
AirlinesHumo Air's first flight
The first Uzbek airline connection is scheduled for this week
The first scheduled flight operated by the new carrier Humo Air starts tomorrow, Friday 15 December. The Uzbekistan-based company has already started selling tickets for daily flights that will connect... more
AirlinesAir France-KLM communicates estimates for 2026-2028
The data sent the stock soaring this morning
Aviation group Air France-KLM has released its financial forecasts for the period 2026-28. The company estimates a recovery in operating margin, with an improvement in economic results that will reach... more
DefenseGermany will purchase 82 military helicopters
The deal is worth 2.5 billion euros; first green light by Defense commission
Germany is about to sign a mega-contract for the purchase of H-145M military combat helicopters: according to rumours, the order, which includes aircraft actually purchased and others optioned, would concern... more
AirlinesITA-Alitalia: "Slots given up to be able to fly"
Labor judge of Milan reiterates that there is continuity between two companies
The sentence of the Labor Court of Milan, which ordered the reinstatement of a flight attendant from the former Alitalia company in the new national carrier ITA Airways, reiterated that in the transition... more
AirlinesEasyJet: legal action against various brands
Court cases filed against some firms for use of the word "easy"
The legal actions of the owner and founder of the airline easyJet, Stelios Haji-Ioannou, continue, who in 2023 alone has filed more than a dozen court cases against some brands that use the word "easy".... more
AirlinesExpensive flights: increases of up to 40%
Territorial continuity eroded, State government always pays
A plane ticket to Sicily at Christmas costs up to 40% compared to December 2022. The phenomenon of high flight prices scares passengers. In view of the end-of-year holidays, prices continue to rise, in... more
AirlinesAirport strike on Sunday 17 December in Italy
Arms crossed for four hours for handling service workers
Four-hour national strike in the airport services sector for Sunday 17 December 2023. The protest is called by the unions Filt-Cgil, Fit Cisl, Uil Trasporti, Ugl, Italian Union for flight control and assistance... more
Civil aviationUK expects air taxis in 2033
Tested in-flight interaction between an eVtol and commercial aircraft
Air taxis will be able to operate safely in European skies within the next ten years. This is the conclusion reached by the experts after the first flight simulation organized by Nats (formerly National... more
DefenseUkrainian war: over 30,000 armored vehicles destroyed
Bulletins from Kiev and Moscow give a count of victims and vehicles neutralized to date
The Kiev General Staff has published the usual daily bulletin in which it takes stock of the victims and Russian military assets neutralized from 24 February 2022 to today. 341,500 Moscow soldiers would... more
DefenseBolivia will purchase two military helicopters
Employed in humanitarian emergencies and environmental disasters
The government of Bolivia has authorized the Ministry of Defense to purchase two multi-role military helicopters which will be used to carry out missions related to humanitarian emergencies and environmental... more
Finance and economyUSA: Air Force is holding on to pilots
Ceiling established to provide bonuses to workers in service
The United States Air Force (USAF) has announced the establishment of a ceiling of 600,000 dollars to provide bonuses to its pilots in service. The goal is to convince enlisted personnel to stay in uniform.... more
DefenseBoeing cuts corporate strategists in half
Initiative that aims to reorient and manage industrial pressures in the sector
The US Boeing Group, specializing in the aerospace and defense sectors, has undertaken a rationalization of the workforce in its strategic ranks, halving the number of planners working within key divisions.... more
Civil aviationUSA: controversy over Police helicopter costs
Municipal administration carries out first hearing on LAPD fleet
There is controversy over the Los Angeles Police Department, the police department of the US city spends 46 million dollars a year for the management of its fleet of helicopters: this is approximately... more
Civil aviationFlying Whales airships will be born in Arabia
Company aims to have four assembly lines in the world
The French company Flying Whales, specializing in the construction of rigid airships for the transport of heavy loads, plans to create a production center in the United Arab Emirates. The managers of the... more
AirlinesITA-Lufthansa: EU unions write to Brussels
"European Commission promptly supports merger to defend sovereignty"
Some Italian, German, Swiss and Austrian trade unions have written a letter addressed to the ad interim European Commissioner for Competition, Didier Reynders, to request the approval of the privatization... more
AirlinesLufthansa-Lilium: agreement on air taxis
German agreement for air connections between cities and airports
Two German companies, the Lufthansa aviation group and Lilium, a manufacturer of eVtol (Electric Vertical Take-Off and Landing), have signed a Memorandum of understanding (MoU) for the purchase and sale... more
AirlinesNaples airport awaits airline IndiGo
The company plans to open another Italian hub at the Capodichino airport
The Indian low-cost airline IndiGo is planning to open another Italian hub at the "Ugo Niutta" airport in Naples-Capodichino. If the decision materializes, the Neapolitan stopover will be added to those... more
DefenseSweden considers sending Gripen planes to Kiev
Ukrainian Air Force spokesperson announcement
The Government of Sweden is considering whether to transfer Gripen JAS-39 military fighter aircraft produced by Scandinavian manufacturer Saab to Ukraine. It was officially communicated by the leaders... more
AirlinesUS: the race of airlines towards mergers
Control agencies are often lax, but they have seen their mistakes
In the United States, as well as to a lesser extent in Europe, there is a growing rush towards mergers between air carriers. Over the last 15 years these have led to the birth of large industry giants... more
AirlinesUSA: judges ruled pilot maternity protection
Frontier Airlines forced to update company employment policies
Five pilots of the US carrier Frontier Airlines have reached an agreement regarding the treatment and needs of workers during pregnancy and breastfeeding. The settlement, mediated by the Equal Employment... more
DefenseGcap aircraft: international coordination is born
Intergovernmental body will supervise operation of three companies
A joint organization and industrial group between Japan, Great Britain and Italy will be established next week to better coordinate the development program of the sixth generation military aircraft Gcap... more
AirlinesITA-Lufthansa (2): Brussels evaluates overlaps on routes
"Limited Italian presence outside the country gives rise to a limited number of overlaps"
The European Competition Commission, led ad interim by the Commissioner for Justice, Didier Reynders, has announced that "possible overlaps on the different routes and the situation of the different airports"... more
AirlinesITA-Lufthansa: Brussels will evaluate "relief"
Reynders (Antitrust): "We are proceeding quickly, but it is difficult to express an opinion on the timing of the decision"
The privatization of the Itanian carrier ITA Airways could face obstacles in Brussels. This is what the European Commissioner for Competition, Didier Reynders, predicted regarding the agreement between... more
AccidentsUsa: YouTuber who crashed plane sentenced
He parachuted from the flying aircraft to do visualizations
The Federal Court in California has sentenced YouTuber Trevor Jacob to six months in prison for having faked the crash of his plane by lying to judges. These are the facts: in November 2021 he deliberately... more
AirlinesITA-Lufthansa: Rome-Berlin agreement is essential
Brussels response should arrive by 15 January 2024
The Italian Ministry of Economy and Finance (MEF) officially sent to Brussels on November 30th the documents of the negotiation with the German aviation group Lufthansa for the privatization of the national... more
AerospaceSouth Korea launches innovative space rocket
It is a carrier powered by solid state fuel
South Korea today successfully tested an innovative space rocket powered by solid-state fuel. This is the third successful test of this new technology, after the two previous ones carried out in March... more