Finance and economy
3,170 news found
AirlinesLazzerini (2): brand Alitalia will back to the skies
"A couple of interesting projects for the relaunch it on the aviation market"
The CEO of the national air carrier ITA Airways, Fabio Lazzerini, said yesterday that "a couple of interesting projects" are being studied for the relaunch of the old Alitalia brand, which will therefore... more
AirportsBelgrade Airport will open new terminal
Completion of all works expected in 2023
The management company of the Belgrade airport has announced the imminent opening of the central area of the new terminal. It is a space of over 11,000 square meters equipped with modern technologies capable... more
AirlinesFlight attendant boom in China
Air carriers overwhelmed by candidates CVs with travel resumed
With the intense travel demand in the post-pandemic, especially in view of the Summer 2023 high season, Chinese air carriers have launched the most massive recruitment campaign in recent years. And so... more
AirlinesTap Portugal: fired, but remains in office
Finance Minister dismisses CEO, but she sues
In Portugal there is a surreal story involving the government and is shaking up the air transport sector. After a manager of the national airline Tap Air Portugal was involved in a scandal, the public... more
DefenseUSA: V-22 Osprey tiltrotor impasse
Production doomed to a premature halt if Congress does not act
Production of the V-22 Osprey tiltrotor (airplane-helicopter), jointly developed by Bell (Textron Group) and Boeing (Lockheed Martin Group) to meet the specific operational needs of the US Marine Corps,... more
DefenseIndia: military exports to Africa
Made-in-India philosophy to expand business in 30 countries
The Indian Government has recently published the data relating to the volume of exports in the defense sector: in evaluating the 150.9 million euros in the pocket in the 2022-23 fiscal year (+24% on 2021-2022),... more
Finance and economyUSA: Government-Lockheed tensions over helicopters
Center tussle: 7 billion dollar tender won by Bell-Textron
The Government Accountability Office (GAO) has rejected to the sender the appeal made by the American Defense Group Lockheed Martin against the award procedure of the "Future Long Range-Assault Aircraft"... more
DefenseIndia: data on defense exports
Record growth announced in the last six years, but goals still far away
The Indian Defense Ministry recently released some data on the volume of exports in the defense sector. The numbers show a 10-fold increase in the last six years which determines the historical record... more
AirlinesFedEx reorganizes its structure
Towards unification of land, air and logistics activities by 2024
The multinational FedEx, a transport company specializing in the sectors of road and air shipping and logistics, has announced that it will merge almost all of its land, air and other activities within... more
DefenseUS-Taiwan meeting
Tsai: "Accelerate arms supply to Taipei in the face of Chinese threats"
The awaited face-to-face between the president of Taiwan, Tsai Ing-wen, and the speaker of the United States House of Representatives, Kevin McCarthy, was held yesterday in Los Angeles. The meeting took... more
AirlinesLufthansa sells catering company
All Lsg Group assets sold after three years
German airline Lufthansa announced yesterday evening that it will sell airline catering business LSG Group. It is bought by the private equity company Aurelius, based in Germany and other European countries.... more
AirlinesFrance: wave of strikes today
Expected delays and cancellations at Paris-Orly and other airports
A national mobilization proclaimed today in France to protest against the pension reform wanted by President Emmanuel Macron. More than a million demonstrators are expected in the streets in various cities... more
AirportsNew York airport: two workers died
The victims were working on the expansion of the "JFK" terminal
All work to expand the "John Fitzgerald Kennedy" airport in New York has been suspended. It was decided by the Port Authority of New York and New Jersey, the management company of the US airport, following... more
DefenseItaly on 2% of GDP in military spending
Crosetto (Defence): "I am the only one to have told Nato that a commitment is not easy to keep"
The Italian Defense Minister, Guido Crosetto, was today in Verona on a visit to the international "Vinitaly" exhibition, the great event dedicated to the world of wines and spirits, now in its 55th edition.... more
AirlinesUSA: Spirit Airlines hires 4,000 workers
There are 57,000 fewer employees in the United States than in 2019
The American air carrier Spirit Airlines has announced that it will hire over 4,000 new workers during 2023. Among the sought-after professional figures there are above all pilots, flight attendants and... more
AirlinesSpain: summer 2023 higher than 2019
The busiest markets will be Italy and France with an increase of +10%
The Iberian airport management company Aeropuertos Españoles y Navegación Aérea (Aena), which controls more than 40 airports throughout Spain, said that the total number of seats scheduled by the companies at... more
AirportsHamburg Airport invests in the environment
Over the next 12 years, the airport will gradually convert to renewable energy
The management company of the German Hamburg airport plans to invest 250 million euros in its environmental sustainability program "Net Zero 2035". It was announced by the company on the occasion of the... more
AirlinesHeathrow Airport: 10-day strike begins
Abstention from work of over 1000 airport security personnel
A ten-day strike by security personnel at the British airport kicks off today at London-Heathrow airport. Approximately 1,400 employees, belonging to the Unite trade union, abstain from work until 11.59... more
AirlinesThree solutions to improve air transport
Lounges, technologies and fleets to better compete with other airlines
Airport lounges, technological services, fleets and seats: these are three realistic solutions on which some US air carriers are focusing to improve the User Experience of the passenger transport service.... more
AirlinesITA Airways: waiting for new Lufthansa offer
According to the German press, manager Spohr will put 200 million euros at stake
Important news on the confidential negotiation for the privatization of the national air carrier ITA Airways. The definitive economic offer of the German aviation group Lufthansa should be formalized today... more
AirlinesBrussels Airlines expands fleet
Initiative in view of a new CEO assignment
The air carrier Brussels Airlines (controlled by the German aviation group Lufthansa) has recently signed an agreement with the Irish regional company CityJet for the wet-lease (rental of air transport... more
AirlinesLondon versus City Airport expansion
Common rejects request to extend timetable and passengers welcomed
The London City Airport management company's proposal to change flight schedules to increase the number of passengers welcomed at the weekend has been opposed by the mayor of London. The management of... more
AirlinesGermany: 24-hour airstrike
Congestion at most German airports
A 24-hour strike affecting the transport sector is underway in Germany from midnight today. To cross their arms, in particular, the workers of almost all German airports located in the following regions:... more
AirlinesSouth Korea: Asiana-Korean Air integration accelerates
Task-force created to obtain approval for the sale from international authorities
The two South Korean air carriers Asiana Airlines and Korean Air started the process of progressive integration of their operations some time ago. A Move linked to the acquisition process by Korean. To... more
AirlinesFrance: other disruptions to air travel
Reduction of air connections from 20 to 33% in various airports
The French Direction Générale de l'Aviation Civile (DGAC) has asked air carriers to cancel 33% of flights scheduled for Tuesday 28 and Wednesday 29 March and 20% those on Monday at Paris-Orly airport. B... more
AirlinesSummer 2023: stress test for airports and airlines
Struggling with high travel demand and staff shortages
After the chaos in the air transport sector during the last Summer and Christmas holidays, airplanes are now grappling with a strong demand for travel that puts their financial accounts back in the positive,... more
AirlinesGermany: transport strike on 27 March
Air traffic controllers and ground staff down tools for 24 hours
It is a national transport strike in Germany on Monday 27 March. The unions Evg and Verdi called it, proclaiming the mobilization of employees in the long-distance railway sector, urban public transport,... more
DefenseAmerican helicopters in Slovakia
The move favors supply of Russian-made aircraft to Kiev
The United States has started negotiations with the government of Slovakia for the purchase and sale of 12 new military attack helicopters, the Bell AH-1Z "Viper" model of American production. Bratislava... more
AirlinesA Lufthansa puts A-380 aircraft back on the runway
By the end of 2023 four planes will be in service on transatlantic routes
The German aviation group Lufthansa puts the A-380 aircraft back on the runway. The aircraft will return to service starting June 1, 2023, after a three-year stop. This decision was dictated by the need... more
AirlinesWho determines the prices of airline tickets
Mechanism by which aircarrier set fares helps consumers find cheap flights
Understanding how air carriers set ticket prices can help consumers determine when and how to seek out the best deals, thereby booking flights at truly affordable prices. The first lesson to begin effectively... more
AirlinesITA Airways: how is the Lufthansa negotiation going
Last day to find an agreement on April 14, but it could arrive sooner
The Ministry of Economy and Finance (Mef) is monitoring the definition of the joint industrial plan of ITA Airways, which is being worked on by the managers of the Italian carrier and their German counterparts... more
AccidentsAnniversary of the plane crash in China
The worst disaster in the country for 30 years now
One year after the crash of flight MU5735, the Civil Aviation Administration of China (CAAC) has communicated a few updates regarding the progress of the investigation in the past few hours. An approach... more
AirlinesMunich Airport: strike on March 23
For six hours by airport security personnel
The Verdi union communicated that a strike could be held on 23 March at the Munich airport. The personnel employed in the security control services for passengers and hand luggage are involved in the mobilisation.... more
AirlinesVirgin Orbit wants out of bankruptcy
Detailed contingency plan to solve economic problems of insolvency
The US company Virgin Orbit, which specializes in satellite launch and orbit systems, has begun to draw up a detailed emergency plan to resolve the economic problems of insolvency which have led to an... more
Civil aviationLufthansa Group will launch new air carrier
The company will be based in Munich from mid-2023
The German aviation group Lufthansa has created a new regional airline based in Munich: it will be called City Airlines. Founded in 2022, the launch of the new airline is scheduled for mid-2023, but at... more
AirportsHeathrow Airport: strike for 10 days
Staff protest kicks off in late March
A 10-day strike has been called in the UK aviation sector. 1400 employees of the London-Heathrow airport will down tools due to a pay dispute. The protest kicks off on March 31st. The mobilization was... more
AerospaceLondon-Tokyo axis on space
Cooperation started in the defence, information and training sectors
The government of Great Britain officially announced today that it has signed an agreement with the Japanese executive to facilitate cooperation between the two countries in the aerospace and defense sectors.... more
AirlinesSardinian airports: backward step of Brussels
In 2016 it ordered Italy to recover aid granted to some air carriers
After the ruling by the Court of Justice of the European Union, the European Commission has now also partially withdrawn its 2016 decision which ordered Italy to recover the money granted to some air carriers... more
AirportsGatwick Airport back to usefulness
Good traffic-passenger performance, but remains far from 2019
The management company of the British London-Gatwick airport has communicated the economic data recorded during 2022. These show a positive performance: the airport has returned to profitability for the... more
AirlinesAircraft. Greece: disruptions in air traffic
On the occasion of the general strike after a train accident
A 24-hour general national strike today, March 16, in Greece. Interrupted public transport services, sea, rail and air travels. All workers in the public and private sector have been mobilized, with demonstrations... more
Civil aviationLeonardo: no more captains of finance, let's go with skills
Towards the appointments of the chairman and the new Chief Executive Officer
The names change, but there is a risk that everything will remain the same. The assignment of the new Italian government starts the match on the appointments of the highest offices of publicly-owned companies.... more
AirlinesUSA: B-787 Dreamliner aircraft back to the skies
FAA approves restart of airplane deliveries after safety concerns
Deliveries of the B-787 Dreamliner to customers resume this week. Federal Aviation Administration (FAA) gave the green light to the US aviation group Boeing, after the aircraft manufacturer positively... more
AirportsMalpensa Airport: new security system arrives
Device at the baggage checkpoint halves waiting times
A latest generation EDS-CB (Explosive Detection Systems for Cabin Baggage) safety system installed in T1 of Milan-Malpensa airport. The new smart security device, located at the baggage checkpoint, is... more
Finance and economyUS-Turkey tensions over F-16 aircraft
Washington blocks agreement due to NATO issue; Ankara looks to Russia, China, Europe
Turkey could buy non-US-made military fighter planes, in short, it could turn to other countries. The Ankara government communicated it in recent days. An announcement that aims to shake and urge the United... more
Civil aviationAustralia focuses on submarines
Government confirms: means deployed in 2027 to defend the coasts
The Australian government has reiterated that the modernization of the fleet of military submarines (now diesel-electric powered) is a crucial step for the country's independence in the maritime security... more
Finance and economyUSA: US Navy orders Italian helicopters
Exercised option for four TH-73A trainer aircraft
The US Department of Defense has exercised its option to purchase a fourth batch of TH-73A "Trasher" model training helicopters, manufactured by the Italian Leonardo Group, which will be destined for the... more
AirportsHamburg Airport: 120 parking for electric cars
Agreement signed by airport management and local public transport company
At Hamburg-Fuhlsbüttel international airport, 120 parking spaces have been inaugurated, with relative electric charging stations, reserved for zero-emission cars of the car-sharing service. It is one... more
DefensePortolano hearing (2): armaments and personnel
"It is necessary to team up on research and industry to make Italy a country system"
Investments in the Defense sector, recruitment of personnel and modernization of the fleets and vehicles of the Armed Forces. These are some of the topics discussed today by the Secretary General of Defense... more
DefenseHearing by General Portolano, Defense Secretary: the war in Ukraine
Italian support on weapons and future scenarios
The Secretary General of Defence, General Luciano Portolano, Italian Armaments Director, was heard this morning in the Defense Committee of the Italian Chamber of Deputies. Many topics were addressed in... more
AirportsSchiphol Airport: air carriers against the government
Towards legal proceedings for limiting the volume of passengers in transit
Some air carriers are joining forces to take legal proceedings against the Dutch Government, guilty, according to the airlines, of having suddenly limited the reception capacity of the daily volume of... more