Finance and economy
3,190 news found
AirlinesAsia: carriers are betting on Saf
Association of Asia Pacific Airlines promises: 5% in tanks by 2030
The Association of Asia Pacific Airlines (Aapa), which brings together the main commercial air carriers based in the Asia-Pacific region, has announced that its member airlines have committed to achieving... more
AirlinesITA-Lufthansa: why Brussels is silent
All slowed down by the political battle over the appointment of president of the EIB
The documents of the negotiation between the Italian Ministry of Economy and Finance (MEF) and the German aviation group Lufthansa will soon be on the table of the European Competition Commission. But... more
DefenseGermany sends military planes to Romania
Also arriving are 80 German soldiers staying at a base near Costanza
Four Eurofighter Typhoon military planes sent from Germany will arrive in Romania. These are aircraft that will support the air policing mission of the North Atlantic Treaty Organization (NATO). The planes... more
AirlinesExpensive flights: Italian Tourism Federation asks for negotiating table
Gattinoni (Fto): "Tariffs and additional costs limit citizens' right to mobility"
The Organized Tourism Federation (Fto), an Italian association that brings together over 1900 companies in the travel sector including tour operators and service companies, keeps high attention on the... more
DefenseUkrainian conflict: Brussels wants Kiev in Europe
Request from President von der Leyen; we will talk about it in December
Brussels has recommended opening negotiations on Ukraine's accession to the European Union as soon as possible. The request was made official by the Commission to the EU Council, the two institutions that... more
AerospaceAirplanes and helicopters. Airbus reports Nine-Month (9m) 2023 results
488 commercial aircraft delivered in this period - ATTACHMENT
Airbus reported consolidated financial results for the nine months ended 30 September 2023.The highlights are: 488 commercial aircraft delivered in 9m 2023;Revenues € 42.6 billion; EBIT Adjusted € 3.6 b... more
DefenseUkrainian war: 14,326 drones 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. 308,720 Moscow soldiers would... more
CargoLufthansa cargo expands to Sweden
Aim is to transport high-value goods such as technology, pharmaceuticals and machinery
The Lufthansa Cargo company recently announced the opening of a new route to and from Stockholm-Arlanda International airport. This is an initiative with which the company aims to further strengthen its... more
Civil defenseIndia will modernize its military fleet in 3-4 years
Modernization plan includes replacement of about 250 aircraft
The Indian armed forces have announced that within the next 3-4 years it will begin the replacement of the old Chetak and Cheetah military helicopters produced by the national manufacturer Hindustan Aeronautics... more
DefenseRussia-European Union tensions
Lavrov: "The West has decided to destroy the world economy to teach Russia a lesson"
A round table on Ukraine was held today with the heads of diplomatic missions accredited to Moscow. On the occasion, Russian Foreign Minister Sergey Lavrov underlined that Washington continues to purchase... more
DefenseRomania prepares Ukrainian F-16 pilots
Government is creating necessary infrastructure to accommodate Kiev soldiers
Romania prepares for training Ukrainian pilots on Lockheed Martin F-16 Fighting Falcon aircraft. To this end, the government is building the necessary infrastructure to welcome Kiev's military. The coalition... more
AirlinesAirline FedEx is looking for work for its pilots
The airline: "Go fly somewhere else, with American Airlines"
In August the airline FedEx, specialized in shipping and cargo transport, estimated the number of redundancies at over 700 out of a total of around 5800 pilots. Having recently failed the agreement with... more
AirlinesExpensive flights: Brussels launches investigation
Ticket prices rose in the summer, fears for island connectivity
The European Union has opened an investigation into the phenomenon of high flight prices which is affecting all of Europe. In particular, Brussels has set its sights on the profits of air carriers defined... more
Civil aviationOff-shore helicopters: industry-big companies tensions
An American Group pays close attention to shortage of spare parts
The big names in the offshore helicopter sector are launching invectives against the industry due to the shortage of spare parts for some of the rotary wing models most used in transport to and from maritime... more
Civil aviationFirst transatlantic flight powered 100% by Saf
Air connection between London and New York will be operated by a B-787
British airline Virgin Atlantic will make its first flight with an aircraft powered by 100% sustainable aviation fuel (SAF). The test is scheduled for November 28, 2023. The connection between London and... more
AirlinesThe high-flying nightmare at Christmas
Up to 314 Euros for a Bologna-Palermo flight on 23 December
The Italian association for the defense of the consumers rights, Codacons, has raised the alarm regarding the disproportionate growth in Italy in the prices of airline tickets to and from the islands.... more
AirlinesRyanair reports strong half year profits
Due to record Summer traffic
Ryanair Holdings today (6 Nov.) reported a strong half-year profit of €2.18bn, compared to a prior year H1 PAT of €1.37bn, thanks to a strong Easter in Q1, record summer traffic and higher fares which off... more
AirlinesITA-Lufthansa: agreement in 2024
For the Germans, acquisition is a fundamental step towards transforming into a global airline Group
The green light from the European Commission for Competition to the privatization of the Italian flag carrier ITA Airways is closely linked to the fact that the acquisition by Lufthansa, with a 41% stake... more
AirlinesFedEx has a new union representative
Until March 2025 he will protect the interests of around 6000 pilots
Having failed the agreement between the unions and the multinational shipping company FedEx, in recent days the company has elected a new president of the corporate representative body at the Air Line... more
Airlines"Ciaran" (2). UK, 100 flights cancelled
Disturbances across the entire transport sector, from trains to ships, with fallen trees and floods
Over 100 flights have been cancelled in the UK today due to Cyclone 'Ciaran'. There is severe disruption throughout the transport sector, from trains to ships, due to fallen trees and floods. Due to strong... more
DefenseNigeria receives military helicopters
Cargo plane with first T-129 "Atak" landed in Africa
The Nigerian Air Force (NAF) has received the first batch of T-129 "Atak" military attack helicopters produced by the Turkish company Turkish Aerospace Industries (TAI). The delivery was carried out yesterday,... more
AirlinesITA-Lufthansa: Brussels opinion in 2024
Spohr: "The dialogue with the European Commission continues and we are confident"
The documents of the negotiation for the privatization of the national carrier ITA Airways, signed by the Italian Ministry of Economy and Finance (MEF) and the Lufthansa aviation Group, will be sent to... more
AirlinesLufthansa Group: results of the third quarter of 2023
And it expects continued strong demand for air travel
Lufthansa Group unveiled the results of the third quarter of 2023 (3Q2023).The highlights are:Passenger airlines carried 38 million travellers between July and September; All Group airlines report double-digit t... more
AirlinesBrescia Airport reopens today at 12:00
The closure yesterday afternoon after an emergency landing
The "Gabriele D'Annunzio" international airport of Brescia-Montichiari reopens today at 12:00. This is what is reported in a Notam (Notice to airmen) notice issued yesterday, Wednesday 1st November, after... more
AirlinesSAF fuel could reduce microparticles
Result of a joint study between a research centre, an airline and an oil company
Using Sustainable Aviation Fuel (SAF) could reduce ultrafine particle emissions by 30% compared to traditional kerosene. This is what emerges from a joint study on air quality conducted by the German aerospace... more
AirlinesUSA: towards blocking JetBlue-Spirit merger
American government would like to stop acquisition due to competition fears
The US government wants to block the planned acquisition of the low-cost airline Spirit Airlines by the airline JetBlue Airways. This is a deal worth 3.8 billion dollars. The US Department of Justice wants... more
AirlinesUSA: fine to Southwest Airlines
Transport Department imposes penalty for flights cancelled at Christmas 2022
The US Department of Transportation is about to impose a heavy fine against the US carrier Southwest Airlines, which during the 2022 Christmas holiday period cancelled 16,700 flights and left two million... more
DefenseSpain: H-135 helicopters in service
The first aircraft of the model intended for the Navy
The first H-135 military helicopter entered into service in Spain with the Navy (Armada). This is the first rotary-wing aircraft of a order consisting of seven helicopters. This aircraft will be used for... more
Finance and economyNorway purchases six military helicopters
Oslo buys first MH-60R "Seahawk" amphibious aircraft
The Government of Norway will buy six MH-60R "Seahawk" amphibious military helicopters produced by the American company Sikorsky (Lockheed Martin Group). The green light for the sale arrived in recent... more
AirlinesTAP: stop the privatization decree
President does not sign and sends text back to Parliament
The President of Portugal, Rebelo de Sousa, in recent days did not sign the government decree on the privatization of the national carrier Transportes Aéreos Portugueses (Tap), blocking it and sending... more
CargoRussia: new Mil Mi-26 helicopter version
One of the world's largest aircraft reaches its third variant
The Russian Aerospace Forces have received a modernized version of the Mil Mi-26 heavy transport military helicopter, one of the largest rotary-wing aircraft in the world. This is the "T2V" variant, the... more
AirlinesITA-Lufthansa: notification to Brussels in mid November
The sale of some airport slots or the disposal of some assets is expected
The official notification of the privatization operation of the national carrier ITA Airways is expected in the first half of November, of which the current sole shareholder, the Italian Ministry of Economy... more
AirportsUK: one million liters of Saf fuel
Farnborough Airport reaches milestone for private flights
The management company of the British Farnborough airport, especially dedicated to general aviation operations with corporate flights and private planes, recently announced the sale of the millionth liter... more
DefenseIsrael (2): France sends humanitarian ship
Helicopter carriers to guarantee Palestinians access to medical care
The government of France has sent an amphibious assault ship, the "Tonnerre", to the Gaza Strip. It is a navy helicopter carrier that is headed to the eastern Mediterranean to support civilian hospitals... more
AirportsItalian airports involved in cyberwar
Iezzi: "An open Italian front in the context of the Hamas-Israel cyberwar"
The hacker attack conducted yesterday by the "Mysterious team Bangladesh" group against the websites of various Italian airports (Apulia, Calabria, Naples, Valle d'Aosta), raised the question of the defense... more
AirlinesDenied boarding: EU Court defends air passengers
Airlines not exempt from paying compensation to passengers informed in time
The Court of Justice of the European Union has ruled in favor of a German passenger who had turned to a national court to ask for 250 euros in compensation from the air carrier Latam Airlines, which had... more
Civil aviationAirplanes and helicopters. Boeing reports third quarter results
Company still expects to deliver 70-80 B-787 and now 375-400 B-737 airplanes
The Boeing Company recorded third quarter revenue of $18.1 billion, GAAP loss per share of ($2.70) and core loss per share (non-GAAP) of ($3.26). Third quarter results were impacted by unfavorable defense... more
AirlinesPoland finds partner for new airport
Franco-Australian consortium puts 1.79 billion euros on the table
Poland has selected a Franco-Australian consortium (Vinci Airports and Ifm Global Infrastructure Fund) as an investment partner in the construction project of a large and modern airport. This is Solidarnosc... more
AirportsFrance: intermediate airports in danger
The Court of Auditors has questioned the usefulness and effectiveness of State subsidies
Intermediate airports in France feel threatened. After the Cour des Comptes questioned the usefulness and effectiveness of state subsidies last June, the auditors put the performance of each individual... more
AirportsRome-Fiumicino Airport: who is the new handler
Operator Airport Handling is a subsidiary of Dnata (Emirates Group)
The awarding of the airport handling service at the "Leonardo da Vinci" airport of Rome-Fiumicino is at the center of international interests. While the operator Swissport announces a complaint against... more
Civil aviationIndia will purchase another 156 military helicopters
"Prachand" light combat aircraft for China-Pakistan border deployment
The Indian Air Force is planning an order for 156 more light combat helicopters "Prachand", made by local manufacturer Hindustan Aeronautics Limited. This is an initiative that has a dual objective: to... more
AirlinesWhich airlines carried the most passengers
Around 3 billion customers have bought a ticket to fly in 2022
The 2023 "Big Book of Travel Data" study commissioned by the insurance group Allianz Partners and carried out by IdeaWorksCompany has lined up companies from all over the world based on passenger traffic... more
DefenseTrilateral aircraft exercise in Asia
First joint training between Japan, South Korea and the USA
The defense ministries of South Korea and Japan have announced that the first joint exercise involving the Tokyo, Washington and Seoul air forces has successfully concluded. The joint training took place... more
Civil aviationUSA: airline industry has production problems
Investors fear about possible losses and achieving goals
The US airline industry continues to experience a number of snags in its component supply chain, limiting factories' production capacity. Investors are therefore wondering whether the main players in the... more
DefenseUK: aircraft carrier tests new armaments
These are Training Variant Torpedos launched from a helicopter
The British Royal Navy aircraft carrier "Hms Queen Elizabeth" recently carried out new tests with torpedo launches and tests on new armaments. This occurred during some naval and air exercises of the Carrier... more
DefenseIndia modernizes military fleets
Army will receive first new generation aircraft in 2024-2025
India is pursuing the modernization of its military aircraft fleet. The program envisages the decommissioning starting from 2027 of the "Cheetah" rotary wing aircraft developed by the national company... more
DefenseRed Sea: American ship shoots down missiles
Washington puts forward various hypotheses: directed against Israel and against the "USS Carney"
The US military shot down three missiles launched from Yemen and headed north. Washington assumes that they were directed against Israel, but at the moment there is no confirmation and it is only a hypothesis.... more
AirlinesCroatia Airlines purchases new planes
Deliveries of the first ones in June 2024 and then will end in 2027
The management of the national carrier Croatia Airlines has announced that it will buy 15 new aircraft: 12 A-220/300 airplanes with 149 seats and three A-220/100 aircraft with 127 seats. The company is... more
Civil aviationItalian strike today: the situation in the airports
Up to 20% of flights cancelled at the two Milanese airports
The 24-hour general strike at national level in the public and private sectors starts today, Friday 20 October. The air transport sector is also involved. Possible interruptions to local public transport,... more
AirlinesPortugal: towards privatization of TAP carrier
The Government plans to sell at least 51%, but will evaluate proposals
The privatization of the national carrier Transportes Aéreos Portugueses (Tap) comes to life. The Government plans to sell at least 51% of the airline's capital, but in recent hours it has made it known... more