Finance and economy
3,212 news found
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
AirportsVinci Airports bets on Mexican airports
Acquired stake in the Centro Norte Aeroportuario Group (Oma)
The airport management company Vinci Airports, which operates in Europe, Asia, Latin America and North America, has acquired for USD 1.17 billion dollars a 29.99% stake (Fintech stake) in Grupo Aeroportuario... more
AirlinesAircraft and transport: rising prices of air tickets
Walsh (IATA): "The inevitable impact of the increase in costs of harmful emissions and fuel"
Airline ticket prices will be higher. This was stated by the leaders of the International Air Transport Association (IATA), an organization that brings together most of the major airlines in the world.... more
DefenseUS will sell aircraft parts to Taiwan
State Department approved shipment of F-16 components
The US State Department has approved the sale of parts for General Dynamics F-16 Fighting Falcon aircraft to the Taiwan Air Force. The value of the deal is 428 million dollars. This is a move that aims... more
Finance and economySpain finances development of drones and military helicopters
Madrid invests 2.14 billion euros to stimulate production in the Iberian Airbus factories
The Spanish government will lend 2.14 billion euros to the European aircraft manufacturer Airbus to stimulate the production of military drones and helicopters in Iberian plants. This was announced in... more
DefensePentagon chooses Bell-Textron helicopters
Future Long Range Assault Aircraft development program outcome
The US Department of Defense signed a contract for the supply of new generation military helicoptersIn the past few hours, which will be supplied by the Bell-Textron company. The aircraft will replace... more
AirlinesITA Airways: the Lazzerini-Altavilla clash
Exclusive by the newspaper "La Stampa" reveal internal turmoil
There is no peace for the national air carrier ITA Airways. As soon as the political controversies on the privatization negotiations, which are currently stalled, have lowered to acceptable levels, the... more
AirlinesITA Airways: the crux of Lufthansa's interest
Possible face-to-face between the Italian government and airline management in the coming days
The stalemate over the privatization procedure of the national carrier ITA Airways could soon end. The negotiation between the Ministry of Economy and Finance (MEF) and the German airline group Lufthansa... more
AirlinesITA Airways: no concrete offer
The strategic node: interested parties could move traffic to European airports
The privatization of the national air carrier ITA Airways is in a stalemate. This situation is explained by some industry experts, who have turned the spotlight on the fact that subjects based abroad interested... more
AirlinesITA Airways (2): the Lufthansa recovery plan
Intercontinental routes, freight transport to Asia, new synergies in Europe
The executives of the German aviation group Lufthansa are in Rome for a series of meetings with the managers of the ITA Airways airline and with government representatives. Among the topics on the agenda... more
AirlinesITA Airways: the council of ministers accelerates
Over the months, the airline's value will decrease and the government wants to hurry
The Meloni Government wants to complete the privatization procedure of the air carrier ITA Airways as soon as possible, which is about to close 2022 with a loss of almost 466 million euros (Ebitda). In... more
AerospaceRecord budget for Italy at ESA Ministerial Council
More than EUR 700m of new contracts expected from 2023; AVIO programs confirmed
The industry will outline in a conference call with the investors scheduled for Friday, December 2, 2022 at 11 AM, the implications of the ESA Ministerial Conference on its future activities. more
AirlinesAircraft. ITA Airways: Lufthansa executives in Rome
Two days of meetings to define privatisation
The top management of the German aviation group Lufthansa will be in Italy between today and tomorrow for a meeting with the managers of the air carrier ITA Airways. Some Expert Sessions would in fact... more
AirlinesITA Airways: possible interest by the FS Group
The Government is probing concern of other Italian companies
An Italian investor would be interested in taking part to the privatization procedure of the national airline ITA Airways. It would be the Ferrovie dello Stato Group (FS). The Meloni Government is reportedly... more
AirlinesITA Airways is looking for an Italian businessman
Government oriented to sell it to the Lufthansa Group supported by a national investor
The Ministry of Economy and Finance (MEF) is looking for a private Italian investor to proceed with the privatization of the national airline ITA Airways. This is a functional assessment for the creation... more
AirlinesITA Airways: MSC formalizes a turnaround
The Italian Government remains two interested parties: the Certares fund and the Lufthansa group
The multinational cargo and passenger transport company Mediterranean Shipping Company (MSC) has officially communicated that it is out of the game for the privatization of the national air carrier ITA... more
DefenseEurope relaunches joint purchase of arms
EDA: "Defense planning continues to be done mostly in isolation"
The European Defense Agency (EDA) has announced that the member countries of the EU will increase the military budget by 70 billion euros by 2025 (it was 214 in 2021). However, some critical points have... more
Finance and economyThe G20 in Indonesia is underway
The summit (November 15-16) talks about the Ukrainian war, financial instability, world hunger
The G20 in Bali (November 15-16), in Indonesia, kicks off today. Present the political leaders of the most industrialized countries in the world. In fact, the Russian president, Vladimir Putin, is missing,... more
AirlinesITA Airways sale at risk
The two consortiums involved take advantage of the stalled privatization
The privatization of the Italian air carrier ITA Airways proceeds slowly after the Government led by the new President of the Council of Ministers, Giorgia Meloni, has interrupted the exclusive negotiation... more
AirlinesITA Airways (2): the Government does not want to get burned
The MSC-Lufthansa and Certares consortiums look closely at the economic and political scenario
The Ministry of Economy and Finance (Mef) has given the green light to the disbursement of aid for 400 million euros to be allocated to the air carrier ITA Airways, whose coffers are now short of liquidity.... more
AirlinesITA Airways: Meloni Government concerns
400 million aid approved; CEO Fabio Lazzerini's going to meet Unions on November 16
The negotiation for the privatization of the Italian airline ITA Airways has stalled and the process is further slowed down by the "perplexity" of the new center-right government, led by the new president... more
AirlinesITA Airways: capital increase of 400 million
Towards a reduction of the BoD, ordinary management in the hands of CEO Lazzerini
The shareholders' meeting of the Italian airline ITA Airways took two important decisions yesterday. The first is that the number of board members will be reduced. Secondly, the Ministry of Economy and... more
AirlinesITA Airways: Altavilla resigns as President
Decision arrived on the eve of the board meeting
The Executive President of the air carrier ITA Airways, Alfredo Altavilla, decided to step aside in the past few hours, in a "conditional" way, before the board of directors' meeting. The airline manager... more
AirlinesITA Airways: 400 million from the Government
Executive chairman Alfredo Altavilla will soon be removed
The Italian Government is ready to disburse 400 million euros that will go to replenish the coffers of the Italian airline ITA Airways. This is a capital increase, already authorized by the European Commission.... more
AirlinesRyanair reports half-year results
73 B-737/8-200 “Gamechangers” delivered for S.22
Ryanair Holdings today (7 Nov.) reported a half-year results.During H1:Summer traffic recovered strongly to 95.1m from 39.1m (+11% over pre-Covid 85.7m in FY20). H1 fares up 7% on pre-Covid levels (Q2:... more
AirlinesITA Airways: Mef asks for a reduction of the BoD members
Letter sent to management also asking for the removal of president Alfredo Altavilla
The Ministry of Economy and Finance (Mef) has sent a letter to the management of the Italian airline ITA Airways. In the letter he asks the current executive president Alfredo Altavilla to update the agenda... more
AirlinesITA Airways. Mef re-evaluates Certares offer
Exclusive negotiation with an American consortium has raised a fuss within the company
With the end of the exclusive negotiation obligations, which took place on 31 October, the Italian Ministry of Economy and Finance (Mef) studies the dossier and the unknowns on the privatization plan presented... more
Civil aviationITA Airways: Altavilla sues
Accusations against 7 board members filed with the Court of Rome
ITA Airways executive chairman Alfredo Altavilla sues 7 board members of the Italian flag carrier. These are six board members appointed by the Ministry of Economy and Finance (Mef) and the CEO Fabio... more
Civil aviationAirplanes and helicopters. Airbus reports 9M 2022 results
437 commercial aircraft delivered -ATTACHMENT
Airbus reported consolidated today financial results for the nine months ended 30 September 2022. The highlights are: 437 commercial aircraft delivered in 9m 2022Revenues € 38.1 billion; EBIT Adjusted € 3.5... more