Finance and economy
3,288 news found
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
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