Finance and economy
3,190 news found
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After the ruling by the Court of Justice of the European Union, the European Commission has now also partially withdrawn its 2016 decision which ordered Italy to recover the money granted to some air carriers...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
Civil aviationAirbus Helicopters grows in North America
Increasing demand for H-160 aircraft, first flight simulator on the way
European manufacturer Airbus Helicopters continues to see growing demand for H-160 aircraft in North America. More than 12 units have already been ordered by North American customers. Private companies... more
AirportsUber platform bets on airports
Detailed info and interactive maps with routes between gates and car parks
The US technological platform Uber, specialized in booking private road transport services, has announced some new features, which will be introduced in the version of the smartphone application, to simplify... more
DefenseUkrainian war: EU arms plan
Illustrated document with three key points for munitions supply in Kiev
The European Union's High Representative for Foreign Policy, Josep Borrell, proposed a three-point plan for the supply of munitions to Ukraine, in support of the conflict against Russia. The document was... more
Finance and economyHearing Goretti, head of Italian Air Force: Gcap aircraft perspectives
"An opportunity for our universities and industry to compete and grow"
The Chief of Staff of the Italian Air Force (AMI), Luca Goretti, was heard today in the Defense Committee of the Chamber of Deputies. Many topics were addressed: the need for greater economic investments... more
Civil aviationMD Helicopters boosts production
From bankruptcy risk to expansion: 50 aircraft by 2025
The US manufacturer MD Helicopters has announced its aim to enhance the annual production capacity of aircraft: assembling 19 of them in 2023, bringing it to 25 in 2024 and finally rising to 50 by 2025.... more
Civil aviationIndia boosts sky industry
New Delhi will build Imrh aircraft in partnership with France
India boosts domestic helicopter industry. The aim is to expand into domestic and international markets. After the opening of the largest helicopter factory of the State-owned Hindustan Aeronautical (HAL)... more
Civil aviationITA Airways present at Oltremare
Will participate in the 26th edition of the Mediterranean Tourism Exchange (March 16-18)
The national air carrier ITA Airways will participate in the 26th edition of the Mediterranean Tourism Exchange (Bmt), the sector fair that brings together the main economic players operating in the Mediterranean:... more
AirlinesIndiGo looks to the United States
Indian company evaluates codeshare with Turkish Airlines for routes to North America
Indian low-cost carrier IndiGo is considering the expansion of its flights network to the United States by codeshare connectivity through Turkish Airlines. The announcement comes after the Indian airline... more
AirlinesLufthansa's accounts are flying again
Net profit doubles, which is positive for the first time since the beginning of the pandemic
The German aviation group Lufthansa has communicated the economic data 2022. The positive trend marks the recovery from the pandemic: the doubling of revenues to 32.77 billion euros (+95% on 2021), a net... more
AirlinesITA Airways: negotiations ahead with Lufthansa
Solid travel demand and German economic accounts create optimism
The CEO of the German aviation group Lufthansa, Carsten Spohr, recently spoke to comment on the positive economic data recorded by the company in 2022. In particular the doubling of revenues (32.8 billion... more
Civil aviationB-787 Dreamliner aircraft deliveries still stalled
FAA: "They will not resume until it meets required safety standards"
Deliveries of the long-range B-787 Dreamliner aircraft, suspended in recent days by the US Federal Aviation Administration (FAA) due to a fuselage problem, will not resume until the issue is resolved,... more
AccidentsBryant helicopter crash: 28.5 million to the family
Maxi compensation for publication of photos of victims' bodies
Relatives of former basketball star Kobe Bryant to receive 28.5 million dollars in compensation for publication of dramatic photographs of helicopter crash that occurred on January 26, 2020 in which former... more
AirlinesItaly looks to the "Dubai Airport Show"
Institutional stand at the aeronautical show scheduled for May 2023
Italy will be present with an institutional stand at the "Dubai Airport Show" international aeronautical exhibition, scheduled from 9 to 11 May 2023 at the Dubai World Trade Centre. The exhibition space... more
AirlinesAir transport growing in 2022
Passenger traffic +122% compared to the previous year, but far from 2019 performance
The federal statistical office of Switzerland has recently communicated the data relating to the volumes of air traffic recorded during the year 2022. Passengers in transit at the country's airports were... more
AirlinesAir strike in Germany
Many flights canceled at Duesseldorf and Cologne-Bonn airports
Air travel disruptions in Germany. Most flight connections at Duesseldorf and Cologne-Bonn airports were cancelled today due to a 24-hour strike called by the Verdi union. The inconvenience also affects... more
DefenseRussia-Ukraine: one year after the war
Awaited Russian offensive in the Spring, while China and the USA work for peace
A year passed since the start of the Russia-Ukraine war. It was February 24, 2022: that night vehicles and soldiers of the armed forces of Moscow penetrated enemy territory, for what was to be a "blitzkrieg",... more
AirportsHeathrow Airport halves losses
Fiscal Year 2022 financial reporting
The management of Heathrow airport has communicated financial data for the 2022 fiscal year. The positive figure that catches the eye is the halving of adjusted losses, before tax: equal to 684 million... more
Finance and economy"Aero India 2023": Embraer bets on defense
C-390 Millennium aircraft exhibited at an event to boost exports
The management of the Brazilian aviation group Embraer has decided that in 2023 it will aim to strengthen the exports of its Defense and Security division (in 2022 revenues at -40% on 2021). In particular,... more
Finance and economyChina: US companies blacklisted
Restrictions on the trade of aero engines, landing gear and various components
China has placed two US companies on the "unreliable entities list": Lockheed Martin and Raytheon Technologies. Their fault is that of supplying arms to Taiwan, the island which Beijing defines as "rebel"... more
DefenseRussia-Ukraine: Italy approves aid decree
Crosetto: "We are talking about weapons, but we are also sending civilian aid, generators, blankets"
Italy has approved the sixth aid decree (humanitarian and military) in support of Ukraine, which Russia invaded militarily almost a year ago. This was announced in these hours by the Minister of Defense,... more
AirlinesPilot market will be worth 20 billion in 2029
The data of a sector analysis carried out by an American research centre
The global pilot training market is projected to reach 20.21 billion dollars by 2029. This is a Compounded Annual Growth Rate (CAGR) of +31.55% between 2022 and 2029. It emerges from the analysis contained... more
AirlinesAir India purchases 250 aircraft
The contract involves the A-320neo and A-350 aircraft
The State-owned air carrier Air India (controlled by the Tata Group) today finalized a purchase for 250 aircraft produced by the European manufacturer Airbus: these are 210 airplanes of the A-320neo narrowbody... more
AirlinesICAO forecasts complete recovery and growth of air passenger demand in 2023
In 2022 aircraft orders and deliveries by Airbus and Boeing grew
Using advanced big data analytics, ICAO (International Civil Aviation Organization) forecasts that air passenger demand in 2023 will rapidly recover to pre-pandemic levels on most routes by the first quarter... more
AirlinesRussia: Putin meets aeronautical sector
Allocated 161 million Euros for transport in the Far East, thud in the tourism sector
Russian President Vladimir Putin met with representatives of the national aviation industry in the past few hours. At the center of the meeting once again the effects of the economic sanctions inflicted... more
AirportsTurkey: Hatay airport built on the fault line
The denunciation of the National Union of Chambers of Engineers and Architects
The Union of Chambers of Engineers and Architects of Turkey (Tmmob, Türk Mühendis ve Mimar Odalari Birligi), has criticized the national institutions for having built the Hatay international airport, l... more
AirlinesTurkish Airlines in support of earthquake victims
Low fares for transporting volunteers to areas affected by it
The Turkish Airlines company has made available air tickets at fixed prices for departing passengers who intend to volunteer in the areas affected by the earthquake on February 6th. The discounted fare... more
AirlinesUnited States: Loyalty programs worth 200 billion
The value of the top five loyalty schemes according to a recent study
The value of the top five air carrier loyalty programs is worth 200 billion dollars. The commercial ventures of US companies dominate, which in some cases have become the most profitable assets of airline... more
DefenseZelensky flies to London
First European trip since the start of the war
The Ukrainian president Volodymyr Zelensky is not going to San Remo but flies to London today, where he will give a speech in Parliament, according to Downing Street, the office of the British prime minister.... more
AirportsAir-passenger traffic doubled in Europe
Airports Council International (ACI) data for the year 2022 -ATTACHMENT
The Airports Council International (ACI), the association that brings together the management companies of European airports, has recently communicated the data on air traffic recorded during 2022. The... more
Civil aviationEnd of Japanese aircraft project
Announcement concludes 16-year development programme
The dream of creating the first passenger aircraft developed entirely on Japanese soil has definitively faded. It was communicated by the Mitsubishi Heavy Industries Group, head of the Mitsubishi Aircraft... more