Finance and economy
3,230 news found
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
AirlinesIAG: nine months results announcement
It achieves a significant step up in profitability
International Consolidated Airlines Group (IAG) presented yesterday Group consolidated results for the nine months to September 30, 2022.It achieves a significant step up in profitability for all its airlines... more
DefenseAustralia orders 12 upgraded Seahawk helicopters
Value 49.6 million dollars; first delivery expected in 2025
The Royal Australian Navy has ordered the US aircraft manufacturer Sikorsky, controlled by the American group Lockheed Martin, 12 modernized MH-60R Seahawk helicopters. The agreement provides for the conversion... more
Finance and economyUkrainian war: European aid plan
World Bank estimates around 350 billion euros in damages in eight months of war
The World Bank has released an estimate of the damage caused by the Russian armed forces in Ukraine, which amounts to about 350 billion euros in eight months of war against Moscow. For this reason, yesterday... more
AirlinesHow air traffic control is evolving
About 50 years after the adoption of radar and radio technology, the service is increasingly automated
The Air Traffic Control service today is increasingly automated and has thousands of operators. But it all started over 100 years ago with a man and a flag guiding the pilots of the planes during take-off... more
AirlinesITA Airways: BoD revokes Altavilla's powers
Now the Italian Executive President could engage a legal battle
The Board of Directors of the air carrier ITA Airways voted by a majority in favor of the cancellation of the operational powers of the executive president Alfredo Altavilla. These are transferred to the... more
Defense"Euronaval" exhibition kicks off in Paris
Thriving global market marks + 5.5% in orders in 2020-2022
The "Euronaval 2022" exhibition, one of the main global events dedicated to the naval military sector, running until 21 October 2022, kicks off in Paris. It is an important showcase in which components,... more
Civil aviationUnited States: the "Nbaa-Bace 2022" kicks off
Event dedicated to corporate aircraft: sector recovering faster than commercial one
The Business Aircraft Convention & Exhibition ("Nbaa-Bace") 2022, organized by the National Business Aviation Association (Nbaa), kicks off today, October 18, in the United States. The event will end on... more
AirlinesITA Airways: opinions on Altavilla's proxies
Ministry of Economy deems the revocation lawful
The tug-of-war between the president of ITA Airways, Alfredo Altavilla, and the six members of the Board of Directors, appointed by the Ministry of Economy and Finance (Mef), who recently revoked all the... more
AirlinesGenoa airport reopened
Yesterday the strike by Ansaldo Energia workers paralyzed it
The "Cristoforo Colombo" airport of Genoa-Sestri Levante is back in operation. Regularity restored of departures and arrivals. Today are regular again, after there was a suspension that lasted several... more
Finance and economyCica Forum: today Putin-Erdogan summit
There is expectation over Turkish proposals to end the war in Ukraine
Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdoğan began a bilateral meeting on the sidelines of the summit of the Conference on Interaction and Confidence Building Measures... more
AirlinesGenoa Airport: operations suspended
Air connections interrupted due to a protest by Ansaldo Energia workers
Operations at the "Cristoforo Colombo" airport of Genoa-Sestri Levante have been suspended in these hours. The cause is a protest by the workers of the Ansaldo Energia company, who entered the airport... more
AirlinesITA Airways: in November it is decided on proxies to Altavilla
Today the BoD met to verify the legitimacy of the decision on the withdrawal of powers
The decision of the six members (appointed by the Ministry of Economy and Finance, Mef) on the nine of the Board of Directors of the carrier ITA Airways who have revoked all the powers of the executive... more
AirlinesITA Airways: BoD removes delegations from Altavilla
Assigned to CEO Fabio Lazzerini
The Board of Directors of the State air carrier ITA Airways which was held this morning, as announced in recent days, has upset the balance within the company. In fact, the board took away all operational... more
AirlinesITA Airways: tensions ahead of the BoD
12 October important board meeting: financial accounts and proxies in the center
An important meeting of the Board of Directors of the carrier ITA Airways will be held on 12 October, on the occasion of which a clash at the top of the company. This will be determined by the presence... more
Finance and economyEU transport: amendments to the 2023 budget voted
Vuolo (FI): "Defense of peripheral areas as a priority to guarantee equal opportunities"
In the plenary meeting of the transport commission of the European Union today some amendments to the general budget 2023 were voted: these are proposals to have a fair policy in the transport sector,... more
AirlinesLot purchases six B-737 MAX airplanes
The Polish airline's fleet will rise to 12 units by the end of the month
The Polish carrier Lot Polish Airlines announced that it has signed an agreement with the leasing company Air Lease Corporation (Alc) for the long-term leasing of 6 B-737 MAX 8 aircraft, the smaller of... more
AirlinesITA Airways: Certares meets the trade unions
Summit with Filt-Cgil, Uiltrasporti and Ugl TA next October 11
The US investment fund Certares, in exclusive negotiations with the Italian Ministry of Economy and Finance (Mef) for the acquisition of the majority of the Italian ITA Airways, is planning a series of... more
AirportsHow to avoid air chaos in Summer 2023
Theme at the center of the meeting between the protagonists of the sector at Eurocontrol headquarters
In view of the Summer of 2023, European air carriers and airport management companies have questioned how to put an end to the delays and cancellations of aircraft that caused numerous inconveniences between... more
AirlinesITA Airways: the plan of the air carrier Delta Air Lines
In the talks on privatization, the American carrier aims to reduce fleet and fuel costs
The privatization of the flag carrier ITA Airways tickles the appetites of the US airline Delta Air Lines, which together with Air France and the American investment fund Certares, is conducting exclusive... more
AirlinesITA Airways: what has been discussed with the buyer
Sales, financial aspects, aircraft fleet expansion and new flight routes
The exclusive negotiation for the privatization of the national airline ITA Airways get into the thick of things. Yesterday the first meeting, which took place in Fiumicino, between the executive president... more
AirlinesITA Airways needs investments right away
Possible extension of negotiations with Certares to define details
The negotiation for the privatization of the flag carrier ITA Airways gets underway. Today the first meeting between the Italian managers and a large delegation of the consortium that presented the winning... more
Civil aviationAircraft manufacturer Pilatus buys Skytech
US company will continue to maintain its autonomy
The Swiss aircraft manufacturer Pilatus has bought Skytech, an American company specializing in the sale and management of aircraft. The parties have agreed not to disclose the purchase price. The American... more
AirlinesBoeing settles on B-737 Max plane crashes
It will pay 200 million dollars to the US Securities and Exchange Commission
The US Securities and Exchange Commission (SEC), the federal body responsible for supervising the stock exchange, announced today that the Boeing Group, which operates in the aerospace and defense sectors,... more
AirlinesPutin to the Nation: the escape of the Russians by plane
Sold out tickets for flights and trains departing from Moscow
After the partial mobilization of Russian soldiers announced yesterday by President Vladimir Putin, thousands of Russian citizens tried to leave the country. Immediately after the words of the head of... more
AirlinesITA Airways: how much the State will earn
Costs and revenues in the privatization of the national airline
The privatization of the national airline ITA Airways will be finalized after the elections on September 25th. The US investment fund Certares, commercially allied with the carriers Delta Air Lines and... more
AirlinesAlitalia: 14 indicted for bankruptcy
Preliminary hearing date set for May
The Judge for the preliminary hearing of the Italian Court of Civitavecchia identified the date of May 8 for the first appearance of the accused in the trial of the financial failure of the former national... more
DefenseSummit in Samarkand with Xi and Putin
United by will to question the presumed Western domination of the world
The summit of the political leaders of the countries of the Shanghai Cooperation Organization (SCO), which is held in the city of Samarkand, in Uzbekistan, is starting in these hours. There is great anticipation... more
AirlinesTap Portugal airline towards privatization
Talks started months ago: Air France-KLM and Lufthansa in the race
Air France-KLM and Lufthansa aircraft groups are competing to take over 50% of the Portuguese national airline Tap Air Portugal. The negotiation is coordinated by the Lusitanian government which wants... more
Civil aviationBrussels buys 10 firefighting planes
Announcement today in Strasbourg: three helicopters are among the purchases
The European Union has announced that it will purchase 10 new amphibious aircraft and 3 additional firefighting helicopters to complete the fleet that fights tens of thousands of fires across the Old Continent... more
AirportsTwo planes carrying migrants seized
Organization used them to transport them from Turkey to Italy and Europe
The Belgian Police seized two aircraft worth a total of 426,000 euros as they were illegally used to transport migrants, mainly of Kurdish or Iraqi origin, from Turkey to get them to Italy and other European... more
AirlinesGermany sells its stake in Lufthansa
A 9.9% of the capital put on the market for over 1 billion euros
The German Government has sold its stake in the Lufthansa national airline group to private investors. This is a volume of shares equal to 9.9%, held since Summer 2020, which was placed on the market and... more
AirlinesITA Airways: the steps of privatization
A preliminary agreement is expected not before the end of October
A preliminary agreement between the Ministry of Economy and Finance (Mef) and the Certares fund (with the carriers Air France and Delta Air Lines) for the purchase and sale of the majority of the capital... more