Finance and economy
3,190 news found
AirlinesIata-Aia agreement for a more sustainable aviation
They have joined Cambridge University study group to help air carriers
International Air Transport Association (Iata) and Aviation Impact Accelerator (Hague) will collaborate to accelerate the decarbonisation of the aviation sector. The goal is to have zero CO2 emissions... more
AirportsNATO summit: cooperation on airspace signed
Estonia, Latvia and Lithuania will cooperate on military and civilian cross-border security
The governments of Estonia, Latvia and Lithuania signed a declaration of cooperation on transboundary airspace on the sidelines of the North Atlantic Treaty Organization (NATO) summit in Vilnius, Lithuania.... more
AirportsMunich Airport: boom of cargo and passengers
Over 16.6 million travellers transited on an annual basis which marks a +28%
Operations at Munich's "Franz Josef Strauss" airport recorded important numbers in the first half of 2023: aircraft movements were 141,504 (up by +9% compared to the same period of 2022), while passengers... more
AirportsUnited States: 92 million for greener airports
Awarded by FAA to achieve net zero emissions goals
The US Federal Aviation Administration (FAA) announced in the past few hours that it disbursed 92 million dollars in grants to 21 airports across the United States, for decarbonization projects. The goal... more
AerospaceSpace policy: Italian Government plans
Urso: "We will write a law linked to the next budget manoeuvre"
The Minister of Enterprise and Made in Italy (Mimit), Adolfo Urso, was heard this morning at the Productive Activities Commission of the Chamber of Deputies, where he spoke about Italy's space and aerospace... more
AirlinesAirports are betting on autonomous vehicles
From passenger shuttles, to luggage transport, to wheelchairs
Airports around the world are increasingly open to new technologies and benefit greatly from their implementation in various fields, significantly improving the travel experience of passengers. One approach... more
DefenseLondon-City Airport: expansion blocked
Local authorities decision for acoustic and environmental pollution problems
Newham City Council has rejected the airport management company's proposed expansion of London-City Airport. The latter wanted to extend the opening hours of the airport, as well as increase the number... more
DefenseNATO summit kicks off (11-12 July 2023)
Stoltenberg: "Historic Summit for Sweden's accession; we will guarantee arms to Kiev"
The North Atlantic Treaty Organization (NATO) summit in Vilnius, Lithuania, kicks off today and until tomorrow (11 and 12 July 2023). It's an important period of political reaffirmation of the unity of... more
Civil aviationThe pilot shortage is getting worse
USA: over 13,000 hired in 2022, but travel demand remains open
The airline industry is grappling with a pilot shortage that started during the pandemic (early retirements, non-hiring, layoffs). Commercial companies are trying to deal with this as best they can: the... more
DefenseCluster bombs: NATO against Washington
Some countries said no to the US aim to send banned weapons to Ukraine
The governments of Great Britain, Canada, New Zealand and Spain have recently expressed their position against the sending of cluster bombs to Ukraine by the United States. The Amnesty International organization... more
Civil aviationUSA: pressing on Sweden joining NATO
To overcome Turkey's veto, Washington could supply it with F-16 Fighting Falcon aircraft
The United States Government has expressed optimism about Sweden's entry into the North Atlantic Treaty Organization (NATO), currently blocked by Turkey, which has not ratify the document with which the... more
AirportsState aid: EC on the possibility to grant operating aid to certain regional airports
It prolonged it until 4 April 2027 due to exceptional circumstances
The European Commission (EC) has prolonged the possibility of granting operating aid to certain regional airports under the 2014 Guidelines on State aid to airports and airlines until 4 April 2027. The... more
DefenseRussia-Ukraine: Prague will train Kiev pilots
Czech Prime Minister also announces supply of military helicopters
The government of the Czech Republic announced today that it will send military helicopters to Ukraine and will train Kiev pilots on the operation of US-made Lockheed Martin F-16 Fighting Falcon fighter... more
AirlinesPortugal: wave of air strikes
From July to August: easyJet flight attendants first, then airport staff
Announced an air strike in Portugal for five days in a row from 21 to 25 July. The flight attendants of the low-cost airline easyJet will cross their arms. The mobilization was called by the Sindicato... more
Civil aviation"Piaggio Aerospace will remain Italian excellence"
Statement by the Minister of Made in Italy, Urso, at the question time in Parliament
Latest news. "Piaggio Aerospace represents an excellence of our Made in Italy and is highly coveted by the large multinationals in the sector. It does not deserve to remain in extraordinary administration... more
AirlinesTap Portugal: "There was no interference"
Published report of the commission of inquiry on the manager Reis
The final report of a parliamentary commission of inquiry in Portugal established that there was no interference in the payment of a 500,000 euros severance to Alexandra Reis, former manager of the national... more
AirlinesUnited Kingdom: strike in Birmingham
Security agents and airport workers mobilize on 18 July
The Unite union has called a staff strike at Birmingham airport in the UK on 18 July. About 100 workers including security agents and terminal workers will cross their arms. Workers' representatives are... more
DefenseHolland: helicopters fined, too many low-level flights
Ministry of Defense accumulates compensation invoices for 350,000 euros
The Defense Ministry of the Netherlands has accumulated claims amounting to 350,000 euros due to damage caused by low-level flights (up to a maximum of 45 meters above the ground) by the fleet of military... more
AirlinesLufthansa in the sights of investors
Share value towards One-Year high; the plan to reach 2019 levels
According to a recent study by the Allianz Trade insurance Group, the main reason why airline ticket price is increasing worldwide is the scarce supply of new aircraft, with consequent delays even in deliveries.... more
Civil aviationEmergency air services: who is behind Avincis?
Norway starts legal evaluation to find out who the foreign funds are
The Avincis company currently operates helicopter emergency services in Italy (ambulance, firefighting, Search and rescue) previously managed by Babcock Mission Critical Services Italy. A passage that... more
DefenseIsrael buys new F-35 aircraft
Further purchase will bring the number of fighters in service to 75
Israel's Defense Ministry has announced today that it has approved the purchase of a third squadron of Lockheed Martin F-35 military fighter jets. The sale concerns 25 aircraft for a value of 3 billion... more
AirlinesIAG Group purchases 10 aircraft
Delivery is expected in 2028, they will be distributed to subsidiary airlines
Aviation group International Airlines Group (IAG) has reached an agreement with European aircraft manufacturer Airbus to convert 10 purchase options on A-320neo aircraft into firm orders. Some of these... more
AirlinesMunich Airport: 20 years with Lufthansa
Official ceremony to celebrate the two decades since the inauguration
Celebrated 20 years of collaboration between the German aviation group Lufthansa and the airport company Flughafen München, which controls the "Franz Josef Strauss" international airport in Munich. It... more
AirlinesGeneva airport back in operation
The four-hour strike by the airport workers has ended
Geneva International Airport is back in operation starting at 10:00 today, Friday 30 June. The temporary suspension of air connections began this morning at 6:00 due to a strike by workers in the airport... more
DefensePoland will purchase American Patriot systems
Pentagon unveils agreement to buy and sell missile launchers
The Defense Security Cooperation Agency (Dsca) of the United States Department of Defense communicated that Poland will buy American Patriot anti-aircraft defense systems. The sale will have a value of... more
AerospaceVirgin Galactic mission confirmed
At 5:00pm three Italians in space to conduct experiments in microgravity conditions
The official page of the Twitter social network of the American aerospace company Virgin Galactic, which specializes in suborbital flights, confirmed in these minutes the departure of the first scientific... more
AirportsAircraft and strike in France
Hardships will continue today and until dawn tomorrow
The French Direction Générale de l'Aviation Civile (Dgac) has asked air carriers today to cancel all flights departing from or arriving at the airports of Paris-Beauvais, Brest (in the extreme west of t... more
AirportsMexico: stop at the airport, 4.2 billion sought
Works at the airport blocked by President Obrador, who wants to buy back bonds
Mexico's Government could buy back some 4.2 billion dollars of bonds issued to finance construction of a new airport in Mexico City, on which construction had begun before the project was shelved altogether.... more
AirlinesIndia: causes of Dhruv helicopter accidents
Identified possible design and construction material issues
Flight safety is always in the spotlight in India. In these first months of 2023, the Dhruv light helicopters of the armed forces of New Delhi have recorded at least five accidents or incidents. In just... more
AirlinesAgreement between the unions and the B-787 aircraft component company
Positive consequences for Italian Leonardo Group which builds fuselages in Grottaglie
Provisional agreement between the engineers' union and the US company Spirit AeroSystems, one of the world's largest manufacturers of aerostructures which builds important components for Boeing aircraft... more
Finance and economyGrowing demand for militarized civilian helicopters
New platforms to respond to requests of and new and low cost aircraft
The demand for military and low-cost helicopters is growing worldwide. To respond to these requests and challenge competitors, including the new players who have entered the global market, the US aircraft... more
DefenseUkrainian conflict: Meloni talks to the Chambers
Tajani: "We are monitoring the situation in Moscow; good mission of Cardinal Zuppi"
This morning the Italian Prime Minister, Giorgia Meloni, went to the Chamber of Deputies (and in the afternoon to the Senate of the Republic) for official communications in view of the meeting of the European... more
AirlinesArgentina: "plane of death" stops flying
Skyvan aircraft used by the national dictatorship will be exhibited in a museum
The so-called Argentine "death plane", the Short SC.7 Skyvan aircraft (registration number P51), has officially stopped flying. The ceremony that sanctioned the definitive grounding was held in the past... more
AirlinesSydney Airport unveils new flight routes
Neighborhood committees on a war footing against noise pollution
Western Sydney International Airport (Nancy-Bird Walton), due to open in 2026, has made public the new flight paths for incoming and outgoing aircraft. The various residents' committees in the capital's... more
AirlinesPoland: forward with new airport in Warsaw
It will absorb traffic from the other two city airports, which will be downsized
The Polish government goes ahead with the construction of the new Warsaw airport. The Solidarity Transport Hub project is an infrastructure destined to become the main air transit hub for Central and Eastern... more
AirportsNew York airport towards restructuring
Awarded 1.24 billion dollars contract for works on parts of the slipway
The Astm International Group (formerly American Society for Testing and Materials) has been awarded the contract for the renovation of some parts of the "John Fitzgerald Kennedy" international airport... more
Civil aviationFrance: towards construction of "Atea" airtaxi
Decisive step towards the maiden flight of the hybrid aircraft expected in 2026
French aviation start-up Ascendance, founded in Toulouse by four former Airbus Group workers, is ready to move into the development and production phase of its first hybrid-electric vertical take-off and... more
DefenseInternal crisis in Russia. Wagner group in revolt, but Prigozhin changes his mind
Stop march on Moscow on alleged Belarusian mediation. Difficult to interpret meaning and goals
The Russian paramilitary Wagner company has halted its advance towards Moscow. Thus the tension in the country eased. In fact, at dawn the militiamen had left the theater of combat in Ukraine and had entered... more
AirlinesUnited States: United will send vouchers to phones
In case of cancellations and other inconveniences, the airline will contact travelers directly
US carrier United Airlines will begin sending vouchers for food and hotel vouchers to passengers' smartphones in the event of sudden cancellations and flight delays of at least three hours caused by the... more
AirlinesTourism explodes in Italy
Almost 2 million air passengers in June
Italy predicts a boom in air passengers in "Summer 2023". In fact, with the end of the toughest restrictions on international air travel, it has spread as a sort of "tourism revenge", that is the uncontrollable... more
AirportsIsrael: Haifa airport reopens after 4 years
The stopover returns to serve the Greek islands and Cyprus, its main destinations
Israel's Haifa airport reopens after a four-year hiatus. Air connections resumed in the past few hours, thanks to the Maltese company Universal Air, which has operated three direct flights to Cyprus: two... more
DefenseUnited States: Biden meets Modi
Among the dossiers are the defense industry, trade and war in Ukraine
Indian Prime Minister Narendra Modi arrived in Washington in the past few hours. The President of the United States, Joe Biden, welcomed him on his official visit. The two communicated their intention... more
DefenseGeneral Electric will build engines in India
Agreement for possible joint production of propellers in Asia
The aerospace division of the US group General Electric announced today that it has signed an agreement with the Indian State-owned Hindustan Aeronautics Limited (HAL), which specializes in aircraft construction,... more
AirlinesTap Portugal privatization: the crux of the negotiation
Costa: "The goal in itself is not to maximize revenue from the sale"
The government of Portugal, led by Prime Minister Antonio Costa, ensured in the past few hours that the privatization procedure of the national airline Transportes Aéreos Portugueses (Tap) Portugal will... more
DefenseUK could build Black Hawk helicopters
British "New Medium Helicopter" program seeks up to 44 military aircraft
The US company Sikorsky (Lockheed Martin Group) could build military Black Hawk helicopters in the UK, including those for the export market. The American company is in fact participating the call for... more
AirlinesGlobal airlines towards 100% pre-covid
In 2024 achievement of operational capacity registered pre-pandemic
The main global airlines estimate the achievement of the operational capacity recorded in the pre-pandemic era only in 2024. The most optimistic believe that next year the volume of passengers transported... more
Civil aviationChinese airlines bets on European avionics
Agreement on the supply of systems for a new fleet of 96 A-320neos
The Chinese air carrier China Southern Airlines has selected the European group Thales, for the supply of avionics systems that will equip its new fleet made up of 96 A-320neo. The agreement is actually... more
AirlinesATR announces 22 aircraft orders
The announcement at the "Paris Air Show"
The turboprop aircraft manufacturer Avions de Transport Régional (ATR), a joint-venture between Airbus and Leonardo specializing in the construction of turboprop aircraft for regional flight, announced... more
Civil aviation"Le Bourget": Stellantis bets on eVtol
A production center for 650 aircraft a year will be built in the USA
The "Midnight" vertical take-off and landing (eVtol, Electric Vertical Take-Off and Landing) aircraft, developed and built by the US company Archer Aviation in collaboration with the Stellantis automotive... more
Airlines"Paris Air Show": evolutions by aircraft in the skies
The shows of planes, drones and helicopters of the first day - VIDEO
Thrilling shows in the skies over Paris-Le Bourget airport. It's the gist of the first day of the 54th edition of the "Paris Air Show 2023" held at the French capital's airport from 19 to 25 June 2023.... more