Finance and economy
3,190 news found
AirlinesITA Airways: 100% Lufthansa in two years
The German group expects the Italian airline to reach break-even by 2025
The exclusive negotiation between the Italian Ministry of Economy and Finance (Mef) and the German aviation group Lufthansa, for the privatization of the national air carrier ITA Airways, is now in full... more
AirlinesITA Airways (2): details on the Lufthansa offer
Germans interested in a quota "between 20 and 40%"
Important details emerge on the Lufthansa Group's proposed purchase of a stake in the national air carrier ITA Airways. According to rumors relaunched by the Italian media, in the Memorandum of Understanding... more
AirlinesITA Airways: from Lufthansa "yes" to increase salaries
More than 3,600 current workers may have an increase soon
There are positive news on the employee salary issue of the national air carrier ITA Airways. Less than 48 hours after the meeting between seven trade unions and the airline's management, the favorable... more
AirlinesIndia: growing demand for helicopters
Aircraft are main means of transport during the regional electoral campaign
The State of Karnataka, located in the south-west of the Indian peninsula, is preparing for the 2023 elections. This has led most government representatives to schedule numerous helicopter trips to drastically... more
AirlinesITA Airways: Lufthansa has the last word on salaries
Unions: from the company signals openness on wage increases and application of the contract
Seven trade unions of the air transport category met a delegation of the management of the national airline ITA Airways, represented at the table by the managing director Fabio Lazzerini, Yesterday afternoon,... more
AirlinesITA Airways: agreement with Lufthansa in March
The negotiation will last 60 days, then waiting for a European antitrust opinion
The German aviation group Lufthansa and the Ministry of Economy and Finance (Mef) could terminate the exclusive negotiations for the privatization of the air carrier ITA Airways as early as March, by signing... more
AirlinesITA Airways: negotiations started with Lufthansa
The Ministry of Economy signs a letter of intent from the German group
The negotiations for the privatization of the national air carrier ITA Airways are officially underway. The Ministry of Economy and Finance (MEF), 100% shareholder of the Italian airline, recently signed... more
AirlinesAir France-KLM orders seven A-350 aircraft
Fleet renewal with planes that consume less fuel and lower Co2 emissions
The French-Dutch aviation Group Air France-KLM announced in the past few hours that it has ordered another seven A-350s, four of which in the cargo version. This is a decision that falls within the framework... more
Civil aviationAirplanes and helicopters. Boeing reports 4Q results
Driven by higher 737 and 787 aircraft deliveries
The Boeing Company recorded fourth-quarter revenue of $20.0 billion, GAAP loss per share of ($1.06), and core loss per share (non-GAAP) of ($1.75). The industry also generated $3.5 billion of operating... more
DefenseProgrammatic lines of the Italian Defense
Crosetto: "Giving credibility through adequacy between resource management, their employment and personnel"
The Italian Defense Minister, Guido Crosetto, was heard today in a joint session by the Defense commissions of the Chamber of Deputies, and the Foreign Affairs and Defense commissions of the Senate. The... more
Civil aviationAirbus Helicopters performed steadily in a complex 2022
The first ACH-160 was delivered to a Brazilian customer, transported by a Beluga airplane, in July
In 2022, Airbus Helicopters logged 374 gross orders (net: 362), highlighting the ongoing market recovery with an impressive 216 light single engine helicopters sold. Deliveries increased from 338 in 2021... more
Civil aviationPrivate planes: looking for owners in difficulty
The market trend sees operators looking for aircraft on offer
Some private aircraft operators are looking to purchase new aircraft whose owners are struggling financially. The market is on the rise. An indication of this trend can be found in the financial statements... more
DefenseItalian Chamber votes Yes to military aid
Text approved in Montecitorio with 215 votes in favor and 46 against
The Italian Chamber of Deputies gave the definitive green light to the Ukrainian decree law today, extending until 31 December 2023 the transfer of Italian material assets, weapon systems, ammunition and... more
AirportsAutogrill: resignation of six directors and withdrawal of the Chairman
Designation of new board members to be appointed by co-optation
Autogrill SpA announces that the Chief Executive Officer Gianmario Tondato Da Ruos, and Alessandro Benetton (non-executive director), Franca Bertagnin Benetton (non-executive director), Massimo Di Fasanella... more
DefenseToday the NATO summit in Germany
Details of the forthcoming supply of weapons to Ukraine will be revealed
The North Atlantic Treaty Organization (NATO) summit in Rammstein, Germany kicks off today, 20 January 2023. During the meeting, details on the forthcoming supply of weapons to Ukraine to support the armed... more
AirlinesIt's a transport strike in France
Delays and cancellations in all airports and on metro, trains, trams and buses
The national strike against the pension reform kicks off today in France. The transport sector is also affected with inconveniences that are recorded on railway and metro routes, but also on trams, buses... more
AirlinesITA Airways: Lufthansa bid arrived
No details, according to rumors about 200 million for 40% of the carrier
With the Lufthansa Group's interest in the acquisition of the national air carrier ITA Airways, made official yesterday, the unions ask the Government to be summoned to discuss the objectives of the business... more
AirlinesITA (2). Lufthansa submits offer to acquire a stake in the Italian carrier
The statement issued by the German Group
Deutsche Lufthansa AG is aiming to acquire a stake in the Italian national carrier ITA Airways (Italia Trasporto Aereo SpA). The plan is to agree on the initial acquisition of a minority stake as well... more
AirportsMilan presents the 2026 air taxi plan
Hearing in the Municipality of the Sea airport company which illustrates the project
The Società esercizi aeroportuali (SEA), manager of the Milanese "Enrico Forlanini" airports of Malpensa and Linate, presented yesterday, in the Joint Budget and Mobility Commission to the Municipality... more
AirlinesITA Airways: today the Lufthansa offer
The German group is the only one in the data room, other proposals seem to be excluded
The Lufthansa Group should present its offer for the acquisition of a minority stake in the capital of the national air carrier ITA Airways on the table of the Minister of Economy and Finance (MEF) today.... more
AirlinesITA Airways: Lufthansa offer tomorrow
The data room closes on January 18 and the proposal should arrive on the MEF table
The proposal of the Lufthansa aviation Group for the acquisition of the national air carrier ITA Airways should finally arrive on the table of the Ministry of Economy and Finance (MEF) tomorrow 18 January... more
AirlinesITA Airways: Lufthansa offer in this week
Among the cruxes of the proposal: conditions on ex-Alitalia labor disputes and low-cost incentives
The privatization procedure of the national air carrier ITA Airways enters a week that could be decisive for the future of the company. The German aviation group Lufthansa could in fact formalize the acquisition... more
Civil aviationAirbus wins the 2022 challenge with Boeing
The American manufacturer is recovering and wins the battle on twin-aisle aircraft
With the beginning of 2023 it's time to take stock. The global challenge in 2022 between the two main aircraft manufacturers, the European Airbus and the US Boeing, was won by the European group with 820... more
DefenseEU and NATO sign third declaration of cooperation
Von der Leyen: "We are working to understand what is needed to fill stocks" of weapons
The third declaration of cooperation between the European Union and the North Atlantic Treaty Organization (NATO) was signed today. The joint press conference was held today in Brussels. The president... more
AirlinesITA Airways (2): mistakes to avoid on the sale
If Rome intervenes in the management, the same salesmen with Alitalia will do it again
The German group Lufthansa within this week could formalize its offer to acquire a stake in the capital of the air carrier ITA Airways. The negotiation on the privatization of the national airline is at... more
AirlinesITA Airways: Lufthansa towards the offer
Probable in the week the proposal to start exclusive negotiation
The privatization of the air carrier ITA Airways is at a turning point. Within this week, the offer for the acquisition of a stake in the capital by the German group Lufthansa could be formalised. The... more
Finance and economyPakistan purchases two military helicopters
They will be sent to the border region of Punjab
Pakistan will lease two military helicopters, has announced Punjab State Chief Minister Chaudhry Pervaiz Elahi. Administration officials said the new aircraft will also be used in police and Search and... more
AirlinesITA Airways: sale of airline tickets on Lufthansa website
Booking system sharing is a sign that something has moved
The negotiation between the Lufthansa aviation group and the Ministry of Economy and Finance (Mef), which is managing the privatization procedure of the tricolor air carrier ITA Airways, may have reached... more
DefenseUSA: Sikorsky protests on military helicopters
By April GAO will pronounce on the Army's FLRAA programme decision
Military helicopter maker Sikorsky has sent an appeal to the Government Accountability Office (GAO) to protest the award of the contract to build the new aircraft in the Future Long-Range Assault Aircraft... more
DefenseItaly. End-of-year press conference: more investments in Defense
Meloni: "Forward on the commitment to spend 2% of GDP in the sector undertaken by NATO"
Economy, work, covid-19, war in Ukraine, European Union. These are some of the main themes of the journalists' questions answered by the Italian Prime Minister, Giorgia Meloni, on the occasion of the traditional... more
AirlinesChina, yes to Korean-Asiana airlines merger
The creation of a sky giant in Seoul has overcome another hurdle
China's trade ministry has approved the merger between South Korean carriers Korean Air and Asiana Airlines. The creation of a giant of the skies in Seoul has therefore overcome another obstacle. In fact,... more
AirlinesITA Airways: Decree in the Official Gazette
A decisive step that opens up the possibility of presenting purchase offers
The Court of Auditors has given the green light to the Decree of the President of the Council of Ministers (Dpcm), which regulates the privatization procedure of the national air carrier ITA Airways. The... more
DefenseFrance push through military equipment
Court of Auditors: "investment of 430 billion unsustainable for public finances"
The President of the French Republic, Emmanuel Macron, confirmed his intention to present a draft of the military programming law at the first meeting of the Council of Ministers in early 2023. The announcement... more
AirlinesITA Airways (2): Government seeks industrial partner
Lazzerini: "Working with Lufthansa in a very collaborative way, sharing information"
The new decree recently approved by the Council of Ministers, which accelerates the privatization procedure of ITA Airways, provides for three main changes: the Ministry of Economy and Finance (MEF) will... more
AirlinesITA Airways: new privatization decree
Green light for the entry of an industrial partner that holds a minority stake
The Council of Ministers recently approved a Dpcm decree (replacing the previous one) with the aim of speeding up the privatization procedure of the air carrier ITA Airways. The text puts the will of the... more
AerospaceFailed launch of the Vega C space rocket
Deviation from trajectory after take-off and missile sinked in the middle of the Atlantic Ocean
First commercial mission and first failure for Vega C, built by the Italian company Avio of Colleferro, near Rome. Due to an anomaly that occurred two minutes and 27 seconds after take-off from the launch... more
DefenseUnited States: Zelensky-Biden meeting today
Ukrainian leader will also give a speech at the US Congress
US President Joe Biden is preparing today to welcome to Washington his Ukrainian counterpart Volodymyr Zelenskyy, who is flying overseas to the United States. For the political leader of Kiev, this is... more
AirlinesITA Airways (2): details of the Lufthansa offer
For the Germans to evaluate company performance, while Rome would remain the majority shareholder
After the official confirmation of the interest in acquiring the tricolor air carrier ITA Airways by the German aviation group Lufthansa CEO, Carsten Spohr, and the willingness of the Italian government... more
AirlinesITA Airways: purchase offer expected by the end of 2022
Pressing by the Government: 250 million of public resources will be needed in March 2023
The negotiations on the privatization of the air carrier ITA Airways between the Italian Ministry of Economy and Finance (MEF) and the Lufthansa aviation group could be closed by the end of the year. In... more
AirlinesAircraft. ITA Airways: soon Lufthansa offer
Expected initial investment of 180-200 million Euros for 40% of the company
These are crucial days for the negotiations on the privatization of the air carrier ITA Airways. The German aviation group Lufthansa would be ready to send its purchase offer to the Ministry of Economy... more
AirlinesThe France-Germany match sets the skies ablaze
Financial forecasts for 2022 indicate that Lufthansa catches up with Air France
The Germany-France match is one of the most heartfelt challenges in Europe, not just in football. Just think of the causes and peace treaties of the two world wars, in the aerospace or automotive industry,... more
AirlinesUnited Kingdom funds zero-impact air travel
It will be the first in the world on transatlantic routes: a feat planned by Virgin Atlantic in 2023
The UK's Department for Transport (DFT) has announced it has awarded British air carrier Virgin Atlantic 1.2 million dollars in government funding to build the world's first climate-neutral transatlantic... more
AirlinesITA Airways: Mef-Lufthansa negotiation upon arrival
Among the reservations to be dissolved are industrial relations and working conditions
The German aviation group Lufthansa could soon formalize an official proposal for the purchase of the majority stake in the capital of the national air carrier ITA Airways. According to some rumors this... more
DefenseFincantieri BoD: approval of the 2023-2027 business plan
It is rooted in a post-pandemic context -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Claudio Graziano, examined and approved the strategic guidelines of the 2023-2027 Business Plan presented by Chief Executive Officer Pierroberto Folgiero. The... more
DefenseRomania invests in national defense
It will increase its expenditure in the sector to 2.5% of GDP
The government of Romania has increased investments in new technologies to modernize the state defense industry, as well as to increase the armament production capacity and the volume of exports. Just... more
Finance and economyUS-Vietnam talks on arms supply
Companies and governments are evaluating the purchase of helicopters and drones
Vietnam and the United States last week discussed a possible supply of weapons: in particular helicopters and drones. The series of talks saw senior government officials from both countries and representatives... more
AirlinesITA Airways: Lufthansa confirms interest
Spohr: "Agreement opens up perspectives. It's not a secret Italy is one of the most important markets for us"
The management of the German aviation group Lufthansa has confirmed the airline's interest in acquiring the majority stake in the national air carrier ITA Airways. The privatization procedure of the Italian... more
DefenseUSA: nuclear fusion and defense breakthrough
Research funded with 5 billion dollars by the American DoD
The United States has made it official that, for the first time in history, a group of American scientists has been able to produce a nuclear fusion reaction that generates more energy than is needed to... more
AirlinesUnited Airlines orders 200 Boeing aircraft
The maxi commission also includes dozens of B-787 Dreamliners
United Airlines today announced an order for 100 B-787 Dreamliners and 100 B-737 MAX airplanes. It is a decision with which one of the main American carrier intends to modernize its fleet, make it more... more
AirlinesAir India towards the purchase of 500 aircraft
Among the models chosen there are almost certainly A-350 and B-787 and B-777
Air India, controlled by the industrial conglomerate Tata Group, is ready to purchase about 500 aircraft produced by Airbus and Boeing. The deal has an estimated value that could exceed 100 billion dollars... more