Finance and economy
3,217 news found
Civil aviationFires in Greece: Egypt sends helicopters
Cairo prepares to submit three Chinooks against fires in the woods
The government of Egypt announced in the past few hours that it will send three CH-47 Chinook military helicopters to Greece to help the country fight the forest fires that are ravaging the peninsula and... more
AirlinesFrance evaluates purchase Italian ex-Microtecnica
The deal is worth approximately USD 48 bn and is expected to close in 2024
The French group Safran, a company operating in the defense sector and which produces engines for Rafale military aircraft, announced the start of negotiations for the purchase of the former Microtecnica,... more
AirlinesUSA vote on retired airline pilots at age 67
House approves legislation that raises retirement age
The US House of Congress has passed legislation that would again authorize the Federal Aviation Administration (FAA) to raise the retirement age for pilots from 65 to 67. This is an initiative that aims... more
AirlinesUSA: boom in revenues for air carriers
Peak demand for summer travel boosts airline coffers
The peak in passenger demand for air travel in the Summer 2023 season is boosting airlines' earnings. The volume of tickets sold globally is slightly below the performance of 2019, but in many cases airports... more
Finance and economyArgentina looks to Indian helicopters
Interest in Luh and Dhruv aircrafts models
The Ministry of Defense of Argentina and the Indian State-owned aircraft manufacturer Hindustan Aeronautics (HAL) have signed a letter of intent relating to a possible acquisition of three-tonne Light... more
AirlinesITA Airways (3): Lazzerini's proxies sorted
To hire them are Andrea Benassi and Francesco Presicce; their biographies
The Italian national air carrier ITA Airways, 100% controlled by the Ministry of Economy and Finance (MEF) has a new board of directors made up of three members. The board of statutory auditors, however,... more
AirlinesITA Airways: shareholders' meeting appoints new BoD
And the renewal of the Board of Statutory Auditors
The Company announces that the ITA Airways Shareholders' Meeting was held yesterday in Fiumicino, under the chairmanship of Antonino Turicchi. The Shareholders' Meeting had on its agenda the renewal of... more
AirlinesEasyJet ready to change routes due to heatwaves
Lundgren: "The company has the flexibility to modify based on demand from one year to the next"
The management of the British airline EasyJet announced that the company would be ready to change the routes of the aircraft if the heat waves in the coming years change the habits of passengers who book... more
AirlinesAirlines focus on transatlantic flights
European companies estimate earnings beyond all expectations
The analysts and managements of the main European airlines are looking optimistically to the "Summer 2023" season. In particular, in this quarter the companies estimate record revenues from the sale of... more
AerospaceAeolus mission begins reentry to Earth
Satellite collects weather data worth an estimated 3.5 billion
Aeolus began its re-entry to Earth. The satellite of the European Space Agency (ESA, European Space Agency) is landing in a controlled way on our planet. The system, which studied the winds that whip our... more
Finance and economyTunisia receives military training aircraft
The aim is to strengthen aeronautical capacity to address security challenges
Tunisia has recently received four Beechcraft T-6 Texan II military trainer aircraft produced by the American company Textron Aviation. The aircraft will be located at the Sfax air base. It is a sale made... more
AirlinesUSA: Southwest increases flights
More air connections at "Ronald Reagan" airport in Washington
US air carrier Southwest Airlines announced that it will add seven new daily round-trip flights to and from Washington's "Ronald Reagan" National Airport today. It's a move that follows up on the decision... more
AirlinesTallinn Airport focuses on sustainability
The goal is to reach "net zero" by 2030
The Estonian "Lennart Meri" Tallinn airport is pursuing an interesting program to decarbonise the airport's energy consumption: ranging from photovoltaics to rationalizing the use of electricity. The goals... more
Civil aviationUSA: San Diego Police ask for new helicopters
Department needs three new H-125s aircraft to modernize fleet
The San Diego Police Department has asked local authorities for funds to modernize and upgrade the airborne unit's helicopter fleet. At the moment this is in fact made up of three Airbus Helicopters AS-350B3... more
AirlinesEASA launches research on sustainable fuel (SAF)
Studies and tests will be conducted at the Danish airport in Copenhagen
The European Union Aviation Safety Agency (EASA) has announced the launch of a research project to improve the supply and distribution infrastructure of Sustainable Aviation Fuel (SAF). The studies and... more
AirlinesAmsterdam Airport boosts check-in reservations
Extended time slots for security checks on Schengen and non-Schengen flights
The airport operator Royal Schiphol Group, which controls the Amsterdam-Schiphol airport, will extend the booking service of the time slots for security checks for both Schengen and non-Schengen flights.... more
Civil aviationBig aviation sector actor bets on solar
The Safran Helicopter Engine division focuses on photovoltaics to have a zero footprint
The US branch of the Safran Helicopter Engines company has entered into an agreement with a local company to install a photovoltaic panel system on the roof of the factory located in Grand Prairie, Texas.... more
DefenseAustralia: military helicopter training
Joint "Talisman Saber 2023" exercise with the United States
The "Talisman Saber 2023" military exercise (from 19 to 22 July) of the Australian Defense Force (ADF) will start tomorrow, in which helicopters and personnel of the armed forces will participate. The... more
DefenseHungary receives new military helicopters
First batch of H-225M transport aircraft welcomed
The Hungarian Air Force took delivery of the first two H-225M multi-purpose transport helicopters in the past few hours, produced by the European manufacturer Airbus Helicopters. These rotary-wing aircraft... more
DefenseGermany: "We will have the most powerful Army in Europe"
Berlin's goal is to become a NATO point of reference in Europe in 2025
Germany aims to create the best equipped army among the European allies of the North Atlantic Treaty Organization (NATO). A goal that Berlin aims to reach in 2025. Countries are in fact rushing to strengthen... more
Civil aviationUnited Kingdom: Italy awarded at the "Riat 2023" airshow
Italian Air Force confirms itself among the best forces in Europe
The Italian Air Force (AMI) received the "Spirit of the Meet" award during the "Royal International Air Tattoo" ("Riat") air show which was held in Fairford, UK, from 14 to 16 July . A recognition obtained... more
AirlinesBrussels-Tunis: agreement on aircraft and transport
Von der Leyen: "Repatriation of migrants and possible agreement that would be good for tourism"
A Memorandum of Understanding (Mou) signed between the European Union and Tunisia. The meeting took place in the presidential palace of Carthage, in the North African country. It is a strategic partnership... more
AirlinesAirlines with more seating space
Tight planes? No thank you. Ranking of airlines with comfortable leg seats
The travel booking web portal "Kiwi.com" has carried out a study on the comfort of the seats offered in Economy Class by the main airlines in the world, in particular the United States, Europe and Asia.... more
AirlinesAmsterdam Airport: given last suitcase back
Over 10,000 pieces of luggage had been stuck at the airport since 28 June
More than 10,000 suitcases, hand luggage and miscellaneous items were stacked in the warehouses of Amsterdam-Schiphol airport. It was caused by an outage in the baggage system on 28 June, which prevented... more
AirlinesAir transport: Italy loses 3.1 from "unfair taxes"
It emerges from a research conducted by Transport and Environment
According to research conducted by Transport and Environment, the European federation for transport and the environment which brings together non-governmental organizations that promote sustainability... more
AirlinesPhilippines bets on Manila airport
Private consortium to modernize airport by 2024
Construction and engineering companies from the Philippines have combined their interests for a modernization plan of the "Ninoy Aquino" international airport in Manila. The goal is to carry out a restyling... more
DefenseSouth Korea develops military technologies for helicopters
Drones and tiltrotors for intelligence operations and air, land and naval interoperability
The South Korean aircraft manufacturer Korea Aerospace Industries (Kai), a company operating in the aerospace sector, has launched an ambitious program for the development of technologies for drones (Mum-T,... more
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