Finance and economy
3,218 news found
AirportsLondon: fire at Luton airport
The flames have devoured a car park - VIDEO
Operations suspended at London-Luton Airport until 4pm Italian time. All flights to and from the British airport are cancelled until this afternoon, according to what was communicated by the management... more
AirlinesVirgin Australia Airlines sees again profit
For the first time in 11 years the carrier reports a profitable balance sheet
Virgin Australia Airlines today communicated the official economic data recorded by the company for the fiscal year 2023 (from 30 June 2022 to 30 June this year): revenues amounted to 3.21 billion dollars,... more
AirlinesAircraft and transport: sector at pre-covid levels
In four years operating costs have grown dramatically
The number of air passengers transported around the world has returned to the same record level recorded in the period before the pandemic. However, in these four years operating costs have grown dramatically... more
Civil aviationEIB loan of EUR 160 million to Italian ENAV
For the modernization and digitalization of the infrastructures
Investments aimed at the evolution of air traffic management systems more
DefenseUSA: possible aid to Kiev and Israel
Kirby: "We are a strong country to support both Ukraine and Tel Aviv"
The US administration led by President Joe Biden is considering including funding for Ukraine in the urgent request for aid to be sent to Israel, following the escalation of violence with the Palestinians.... more
Civil aviationJapan invests in hydrogen planes
Government allocates 194 million euros to develop batteries, technology and engines
Japan will invest in the technological development of aircraft powered by electricity generated from hydrogen. Regarding this, the Ministry of Economy, Trade, and Industry, led by Yasutoshi Nishimura,... more
AirlinesITA-Lufthansa: an uphill privatization
The issues that could hinder the free competition commission
Uncertainty about the timing and possible obstacles in Brussels. The path that should bring 41% of the national carrier ITA Airways into the hands of the Lufthansa aviation group is becoming steeper. After... more
AirportsLiège Airport: intelligence investigates
"Possible espionage activities" by the Chinese Alibaba are under observation
The State Security Service of Belgium, that is the National intelligence, has opened an investigation into the activities carried out at the Liège-Bierset airport by the Chinese group Alibaba, which has... more
AirlinesBrussels calls for uniformity on airline baggage
Parliament wants to put order on tariffs and sizes of airlines
The European Parliament recently approved a resolution asking air carriers to define uniform standards regarding the dimensions of hand luggage and the costs of boarding them. The decision, which was adopted... more
DefenseGranada Summit: on talk about aid in Kyiv
Ukrainian President Zelensky will ask for military support, after Washington's stop
Convened by Charles Michel the informal European Council which will be held tomorrow, Friday 6 October, in Granada, Spain. Among the dossiers on the table are the enlargement of the European Union, the... more
AirlinesMoscow is betting on planes made in Russia
"Rosaviatsia" communicates: 50% of fleets produced internally by 2030
Moscow's Ministry of Transport has announced that the share of planes produced by domestic companies and present in the fleets of Russian companies could reach at least 50% by 2030. This is what emerges... more
Airlines"Travel Experience" in Rimini will start soon
Many airlines at the tourism promotion fair (11-13 October)
The "Travel Experience" fair is starting soon. The Italian tourism promotion event, now in its 60th edition, will be held in Rimini from 11 to 13 October. This year's theme is "The year of Utopia. Live.... more
AirlinesAmsterdam Airport: 3.1 billions for works
Maintenance, expansion and modernization of the airport by 2027
The Amsterdam-Schiphol airport management company plans investments of over 3 billion dollars for the 2024-2027 development program, which includes maintenance and modernization works at the airport. Infrastructure... more
Civil aviationUSA: 3.5 millions for Police helicopters
Cleveland City Council approves maintenance funds
The Cleveland City Council recently approved an investment of 3.5 million dollars to bring two Police department helicopters back into the sky. This is an initiative that comes after months and months... more
AirlinesUSA. United orders 110 new planes
This would be the second largest aircraft purchase in the past year
Breaking news. The United Airlines announced today that it has ordered 110 new planes. In detail, these include 50 widebody B-787 Dreamliner aircraft of US production and 60 narrowbody A-321 aircraft of... more
Civil aviationUnited States: drones to prevent fires
In California employed to inspect electrical infrastructure
California strengthens its prevention mechanism against forest fires. For this reason, the Southern California Edison company (Edison International Group), which offers various types of electricity services... more
DefenseRussia-Ukraine: Brussels proposes new aid
G7 countries meeting tomorrow to talk about sanctions against Moscow and support for Kiev
After the heated discussion that yesterday led the United States Congress to suspend the planned shipment of armaments to Ukraine, worth 6.2 billion dollars, the leaders of the G7 countries will hold a... more
DefenseUkrainian war: US suspends aid to Kiev
About 16 billion dollars will be provided to pay salaries to federal employees
Ukraine will not receive an additional 6.2 billion dollars in military aid from Washington. It is what emerged in the last few hours after a heated political discussion in the United States Congress regarding... more
AirlinesHeathrow Airport: who owns precious slots?
At the top of the list are the UK and European flag carriers
London-Heathrow Airport in the UK is one of the busiest in the world with around 61.6 million passengers per year. In 2022 it even ranked eighth in the ranking of the most popular ones globally, behind... more
Civil aviationUSA: agreement pilots-United Airlines
Workers will get a salary increase of up to +40% in four years
Pilots at US carrier United Airlines will get a pay increase of up to +40% over four years, including benefits and other improvements in working conditions. It is the positive outcome of the negotiations... more
AirlinesITA-Lufthansa: a rule that locks in the agreement
Text of the Council of Ministers which reiterates Brussels' thesis on the discontinuity with Alitalia
The Italian Government has reiterated what has been expressed several times by the European Commission: there is no continuity between the air carrier ITA Airways and the former company Alitalia in extraordinary... more
AirlinesAircraft. Italian strike: reduced to four hours today
Protests of the handling sector, airline related industries and easyJet flight attendants
The Italian strike in the air transport sector scheduled for today 29 September has been reduced to four hours. The workers in the airport services sector will be the ones to fold their arms for ground... more
Civil aviationGreece purchases 4 firefighting helicopters
Green light from the Ministry of Finance to spend 100 million euros
Greece invests resources to strengthen the national public firefighting service fleet. The Hellenic Ministry of Finance, led by Kostis Hatzidakis, yesterday approved the purchase of four heavy transport... more
DefenseAustralia: NH-90 helicopters definitively grounded
Advance by one year due to recent fatal accident
The Government of Australia has announced that the Australian Defense Force's entire fleet of NHIndustries MRH-90 "Taipan" multi-role military helicopters have been taken out of service. The reason for... more
AirlinesSingapore airport: Terminal 2 reopens
Complete reactivation expected by the end of October with new shops and restaurants
The north wing of Terminal 2 of Singapore Changi International Airport reopens today with the first take-offs and arrivals scheduled. The works, lasted three and a half years, involve the renovation, modernization... more
DefensePrague will buy 24 F-35 military aircraft
This is the largest defense contract ever signed by the Czech Republic
The government of the Czech Republic has approved the plan to purchase 24 US-made Lockheed Martin F-35 fighter aircraft. The value of the deal is approximately 6.5 billion dollars. It is the largest defense... more
AirlinesOverbooking: solution or problem?
Passengers dispute it, but it helps airlines keep prices low
There is a commercial policy widely used by air carriers to increase the filling rate of aircraft and to avoid last-minute cancellations. This is overbooking, an aggressive but legal practice that has... more
AirlinesTurkish Airlines will ground 12 planes
About 700 engine problems for various companies around the world
The Turkish Airlines has announced that it will be forced to ground up 12 A-320 aircraft in its fleet due to problems on the PW-1100G engines, built by the American company Pratt & Whitney. The aircraft... more
AirlinesITA-Lufthansa: airport slots slow the pact
Germans are reportedly taking time to negotiate with Brussels to reduce flight windows
The Italian Government has intervened in recent days to save the agreement between the national carrier ITA Airways and the Lufthansa aviation Group. Brussels will have to express its opinion on the pact... more
DefenseNigeria buys 12 more attack helicopters
They will be destined for the nascent aviation department of the National Army
The Government of Nigeria has approved the acquisition of 12 MD-530F "Cayuse Warrior" attack helicopters, developed by the US company MD Helicopters. These rotary-wing vehicles will be destined for the... more
DefenseRomania will purchase 32 military aircraft
A 6.5 billion dollars deal for the sale of US F-35 fighters
Romania's defense ministry said it is planning to purchase 32 US-made Lockheed Martin F-35 military fighter planes. This is a sale that follows the agreement between the North Atlantic Treaty Organization... more
AirlinesITA-Lufthansa: Italian Government wants to save agreement
Intervention after rehiring ex-Alitalia workers decided by some judges
The Italian Government reiterated what has been expressed several times by the European Commission: there is no continuity between the air carrier ITA Airways and the former company Alitalia in extraordinary... more
AirportsGatwick Airport limits number of flights
Temporary measure due to shortage of air traffic control personnel
London-Gatwick Airport in the United Kingdom has temporarily limited the number of scheduled flights this week. This is a temporary measure due to the shortage of air traffic control personnel. The aim... more
AirlinesBristol Airport invests in transport and parking
Funds for 70 million euros; the works should last 18 months
Bristol Airport in the UK is investing more than 69 million euros to create a new multi-storey car park and intermodal public transport hub. It's an initiative that is part of the plan to expand the operational... more
AirlinesExpensive flights: on talk about it in Brussels
Urso (Italian Mimit): "I have a specific mandate: to protect the weakest, citizens, consumers and businesses"
The Competitiveness Council, which brings together the competent ministers of all the Member States in the fields of the Internal market, Consumer protection and information, Industry, Space, Technical... more
DefenseNorway: agreement on F-35 aircraft
The production of components for military planes entrusted to a European company
The US defense and security group Lockheed Martin signed an agreement today with the Norwegian military equipment manufacturer Kongsberg Gruppen. The contract concerns the supply of components for the... more
Finance and economyGcap aircraft: London will invest 2 billions
Program headquarters in the UK, coordination in Japan
The United Kingdom has committed to spending 2 billion pounds on the development of the Global Combat Air Program (Gcap) military aircraft, the project for the creation of a new generation supersonic fighter... more
Finance and economyArgentina could regenerate old helicopters
Out of service CH-46 military aircraft could return to service
Argentina is considering the purchase of remanufactured Boeing Vertol CH-46 "Sea Knight" military transport helicopters. These are aircraft, retired from service, which were part of the fleet of the United... more
AirportsAmsterdam Airport: hotel with solar power plant opens
New structure inaugurated that focuses entirely on sustainability
An innovative hotel equipped with its own solar power plant opened recently near Amsterdam-Schiphol airport. It is called "The Florian Hotel" and is located inside a structure that in the past housed the... more
DefenseThe Gcap plane headquarters will be in London
The indiscretion in the press filters from Japanese sources
The headquarters of the Global Combat Air Program (Gcap), the development project of the sixth generation combat aircraft carried out jointly by Japan, Great Britain and Italy, will probably be in London.... more
AirportsUK: Sheffield airport about to reopen
New manager expected in 2024, after rescue plan approved by the municipality
The British "Robin Hood" airport in Doncaster-Sheffield could soon return to operation. In fact, negotiations will begin next week to find an investor who believes in the airport. Closed for a year, estimates... more
AirlinesITA-Lufthansa: pressure on Rome
Wedding between airlines not at risk, but ex-Alitalia workers' lawsuits raise costs
Some verdicts of the Labor Court of Rome, which ordered the reinstatement of approximately 250 workers of the former Alitalia company in the new air carrier ITA Arways, had an immediate effect. The negotiation... more
AirlinesUSA: Spirit Airlines expands routes
It will strengthen the Winter connections network from November
The management of the US low-cost Spirit Airlines has announced that it will expand its route network in the Winter 2023 season. Five new routes will be added in November, focusing in particular on the... more
AirportsSingapore Airport: travel without a passport
It will be replaced by biometric technology and extended to various security procedures
Passengers departing from Singapore-Changi International Airport will no longer need to present their passport. It will be one of the first countries in the world to introduce automated boarding authorization.... more
Finance and economyWhy Nigeria invests in helicopters?
Government is strengthening Navy and Air Force fleets
Nigeria is upgrading and modernizing its armed forces' fleet of military aircraft. Last August it announced that in September it would take delivery of 18 new attack helicopters: 12 US Bell AH-1Z Vipers... more
AirlinesUSA: fake engine components discovered
Manufacturer CFM International starts legal action against a supplier
US carriers United, Southwest and Virgin have identified the presence of faulty components inside some CFM International engines, supplied by the manufacturer AOG Technics. The airlines said they were... more
DefensePrague celebrates new military helicopters
Czech Republic remembered him on the occasion of "Nato Days 2023"
The government of the Czech Republic has celebrated the delivery of the first four new attack helicopters produced by the US manufacturer Bell Textron. These are three AH-1Z Viper aircraft and one UH-1Y... more
DefenseTaiwan-China tensions: air violations
Highest number of aircraft ever recorded in over two years of daily monitoring
Another incursion by Chinese military aircraft into Taiwan. Taipei's defense ministry said today it had detected 103 Beijing plane flying over the airspace around the island in the last 24 hours. This... more
AirlinesUSA: flight attendants threaten strike
Unions are calling for wage increases, after record earnings from airlines in the post-covid period
In the United States, the hostesses and stewards of the main American airlines could down tools due to a pay dispute in the coming weeks and at Christmas. The unions that protect the interests of flight... more
AirlinesITA-Lufthansa: wedding expected within the year
Spohr (CEO): "Nowadays everyone in Italy is a supporter of this operation. They are enthusiastic about us"
The CEO of the German aviation group Lufthansa, Carsten Spohr, said he was confident that the European Commission's approval for the privatization of the national carrier ITA Airways could arrive before... more