Finance and economy
3,225 news found
AirlinesITA Airways: details on Certares's offer
New synergies with Latin American market and leisure and business travel companies
Private negotiations between the Ministry of Economy and Finance and a French-American consortium led by the US investment fund Certares (along with airlines Air France and Delta Air Lines) have begun.... more
AirlinesITA (2): the note issued by Air France-KLM
The Group welcomes the announcement by the Italian Government
Air France-KLM welcomes the announcement by the Italian Government granting the exclusivity to the Consortium formed by Certares -as equity partner- and Air France-KLM and Delta Air Lines -as commercial... more
AirlinesITA Airways: what will be the negotiation with Certares
Wins offer that gives the Italian Government ample room for maneuver
The US fund Certares wins the process that leads to the privatization of the national airline ITA Airways. Today the Italian Ministry of Economy and Finance (Mef) announced that an exclusive negotiation... more
AirlinesITA Airways: privatization in the final stages
Possible penalties if Goverment change is mind; Msc-Lufthansa bid is better
The privatization of air carrier ITA Airways is reaching the final stages. Having opened and evaluated the envelopes containing the third perfected proposal from the interested consortia, the timeframe... more
AirlinesITA Airways: reading of takeover today
Consideration is being given to armoring privatization with multimillion-dollar withdrawal penalty
Deadlines for submitting updated bids for the takeover of flag carrier ITA Airways expired yesterday at 11:59 pm. The privatization thus gets into full swing with the bids of the two interested cordates:... more
AirlinesITA Airways: new proposals today
Challenge between Msc-Lufthansa and Certares fund, no decision made option is standing
The deadline for submitting bids for the takeover of air carrier ITA Airways expires today, August 22: by 11:59 pm the two interested consortia Msc-Lufthansa and the Certares fund (with carriers Delta... more
AirportsFraport: results during the first half 2022
The company sees dynamic passenger growth
Following the widespread lifting of pandemic-related travel restrictions, the airports across the Fraport Group recorded a strong rebound in passenger traffic. Some of Fraport’s Greek airports serving h... more
Civil aviationInflation drives up air travel prices
Why summer 2022 fares in the US are higher than in 2019
Inflation is driving up air travel prices. This is what we see in the United States, as everywhere else in the world: from oil to eggs, from gas to fuel, everything is more expensive. This is also true... more
AirlinesHeathrow Airport: stop booking until August 8
British Airways carrier initiative to suspend ticket sales
There is no peace at London-Heathrow Airport. Amid delays, staff shortages and strikes, there continues to be major disruptions in air passenger transport and related services. At the London airport, in... more
Finance and economyUS say yes to assist Greek military helicopters
Pentagon approves sale of services and components for S-70
The US State Department has approved the sale to Greece of services and components for Sikorsky S-70 military helicopters. The Pentagon said the deal has an estimated value of about 162,07 million dollars,... more
AirportsF2i reaches 7 billion in funding
And it launches its first infrastructure debt fund
F2i SGR, Italy's largest infrastructure asset manager and leading player in Europe, has topped EUR 7 billion in funding with the launch of its first Infrastructure Debt Fund which has a target of EUR 500... more
Civil aviationAirplanes and helicopters. Airbus reports 1H2022 results
297 commercial aircraft delivered in this period
Airbus reported consolidated financial results for the Half-Year (H1) ended 30 June 2022.The highlights are: 297 commercial aircraft delivered in H1 2022 Revenues € 24.8 billion; EBIT Adjusted € 2.6 bil... more
AerospaceLeonardo: BoD approved 1H results
Orders EUR 7,3bn -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved results of the first half 2022.Alessandro Profumo, Leonardo CEO, stated “Our g... more
DefensePhone call between Biden and Xi Jinping today
Taiwan issue and the war between Russia and Ukraine among the topics on the agenda
A phone call between US President Joe Biden and his Chinese counterpart Xi Jinping will be held today. Two issues are at the top of the priority agenda: the Taiwan issue with the upcoming visit to the... more
Civil aviationFincantieri BoD approves 1H2022 results
First signs in cruise order resumption -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by General Claudio Graziano, has approved the first half financial statements at June 30, 2022, prepared in accordance with international financial reporting... more
Civil aviationCroatia buys Subaru Bell 412EPX helicopters
First contract signed in Europe on this new model
Croatia's Interior Minister Davor Bozinovic has signed a contract with U.S. company Bell Textron for the purchase of two Subaru Bell 412EPX multipurpose helicopters. The value of the agreement is 36.2... more
AirlinesAVIONEWS exclusive: interview with Umberto Solimeno, GM Sase
Perugia airport's recovery after the pandemic - VIDEO
A June record. Air traffic volume at Perugia's "San Francesco d'Assisi" International Airport recorded more than 41,300 travellers, transited in one month. Almost twice as many as in the same period in... more
Civil aviationMorocco bets on Collins Aerospace ecosystem
Agreement signed for creation
Morocco's Minister of Industry and Trade, Ryad Mezzour, signed an agreement with US-based Collins Aerospace these days to create an aerospace ecosystem. It involves the establishment of a procurement platform... more
DefenseEurope: 500 million for joint procurement on weapons
Borrell: "Without joint spending, costs rise and fragmentation risk"
The European Commission today will give the green light to the creation of a continental task-force to integrate arms procurement among member countries. A joint defense investment program on which Brussels... more
Civil defenseEurope will purchase firefighting aircraft
It's revealed by Commissioner Lenarcic; the negotiations concern amphibious planes
The European Union is reportedly in talks to purchase firefighting aircraft to increase its firefighting capacity. The negotiations concern amphibious airplanes, the British news agency "Reuters" reports.... more
AirlinesUSA: battle over air carrier Spirit Airlines
Frontier Airlines will not increase takeover bid against rival JetBlue
The management of US low-cost carrier Frontier Airlines has made it known in recent hours that it will further increase its bid to acquire low-cost carrier Spirit Airlines. The announcement brings the... more
AirlinesSpain: maxi tender for airports
A 5 billion procedure for handling services at 45 stopovers and heliports
The company Aeropuertos Españoles y Navegación Aérea (Aena), which controls most of Spain's airports (43 airports and 2 heliports) with the exception of the private ones, has launched a new tender to co... more
AirlinesEurope: 500,000 travel vouchers refunded
The communication from 16 air carriers to the European Commission
Sixteen European air carriers have reported that they have economically refunded more than 500,000 travel vouchers issued to their customers. These are the well-known vouchers that airlines had given to... more
AirlinesLeasing: planes blocked in Russia hit financial accounts
Big company suffers billion-dollar devaluation, but It bets on insurance premiums
One of the world's leading aircraft leasing companies, multinational Smbc Aviation Capital, today recorded a 1.6 billion dollars devaluation due to the block of 34 aircraft in Russia. This is the effect... more
Finance and economyG20: Russia-China-Turkey meeting
Polycentric world, food and energy security on the agenda
Turkish Foreign Minister Mevlut Cavusoglu will hold bilateral talks today with his Russian counterpart, Sergei Lavrov, and Chinese counterpart, Wang Yi. The meeting takes place today on the sidelines of... more
AirlinesSas air carrier in bankruptcy
US Chapter 11 appeal to restructure 1.9 billion dollar debt
Scandinavian Airlines has filed for bankruptcy in recent hours. The decision came at the end of a strike called by its pilots yesterday. In response, the airline's top management announced that it will... more
DefenseJapan faces off on rearmament
Topic at center of campaign for July 10 vote
To increase or not to increase the budget for military spending? It is one of the issues that characterizes the election campaign for the renewal of Japan's upper house of parliament to be held on July... more
AirlinesStrikes at the two Paris airports
The mobilization could last until Sunday July 3
The airport workers' strike in France caused numerous cancellations of flight connections departing from Paris-Roissy "Charles de Gaulle" airport and other airports across the Alps today. The protest is... more
AirlinesChina Southern's maxi order for Airbus aircraft
Agreement to purchase 96 fuel-efficient A-320neo aircraft
Chinese carrier China Southern Airlines said today it has signed an agreement with the European aircraft manufacturer to purchase 96 airplanes of the A-320neo type. Management said the order is worth 12.25... more
AirlinesITA Airways ahead of its time
tickets for the Summer 2023 season are already on sale
ITA Airways announces that from today, it will be possible to book flight tickets for Summer 2023 on the company’s network. The airline has uploaded the Summer 2023’s schedule on all sales channels, allo... more
AirlinesITA Airways: new bids by July 5
Data room reopened to Msc-Lufthansa and U.S. fund Certares
The Italian Ministry of Economy and Finance (Mef) will fail to identify a buyer for the national airline ITA Airways by June 30. The deadline for closing negotiations, therefore, is slipping. On a request... more
AirlinesITA Airways: towards reopening data room
A chance to give additional information to ropes interested in purchase
The Italian Ministry of Economy and Finance may soon ask flag carrier ITA Airways to reopen its data room. This would be aimed at providing all the additional information recently requested by the two... more
Finance and economyThe first F-35 aircraft in Berlin in 2026
The announcement in conjunction with start of aerospace show "Ila"
US defense company Lockheed Martin said today that deliveries of the first F-35 fighter jets to Germany could come in 2026. The announcement was made at the Internationale Luft und Raumfahrtausstellung... more
AirlinesJetBlue boost bid on Spirit
Improved hostile proposal aimed at blocking merger with Frontier Airlines
US low-cost air carrier JetBlue has strengthened its takeover bid for airline Spirit Airlines. The current proposal, which rose to 33.50 dollars per share, is 67.6% better than what was offered by low-cost... more
AirlinesEasyJet buys 56 new planes
The agreement with European manufacturer Airbus
British low-cost carrier EasyJet has entered into an agreement with European aircraft manufacturer Airbus to purchase 56 A-320neo aircraft. This is an order worth about 6.5 billion dollars. The airplanes... more
AirlinesSustainable fuels platform kicks off
Oil company illustrates technological tools to monitor consumption and push on SAF
At the annual summit of the International Air Transport Association (Iata) being held in Doha, Qatar, British oil company Shell illustrated its new company certification system for the use of Sustainable... more
DefenseRomania buys F-16 aircraft from Norway
Talks between the two countries to work out details of the contract
The government of Romania has approved the purchase of 32 F-16 military aircraft produced by U.S.-based Lockheed Martin, which are expected to remain operational for a minimum of 10 years. These are combat... more
AirlinesWizz Air against high fuel prices
Hedge contracts kick off to get propellant at cheaper prices
Hungarian low-cost air carrier Wizz Air is seeking a solution to rising fuel prices. For this reason, the airline is deciding to adopt and sign hedging contracts to protect itself from the risk of price... more
DefenseUkrainian conflict: Draghi's trip
The visit with French President Macron and German President Scholz
Italian Prime Minister Mario Draghi, French President Emmanuel Macron and German Chancellor Olaf Scholz arrived in Kiev in recent hours, where they will meet with Ukrainian President Volodymyr Zelensky.... more
Finance and economyUkraine war: new weapons from Washington
President Biden quantifies aid at 1.2 billion dollars and announces it on social media
US President Joe Biden in recent hours announced the sending of more armaments to Ukraine to defend itself against Russia's military attack. This is a decision related to Kiev's continued demands on the... more
DefenseGermany: how it will strengthen the armed forces
Overview of the 100 billion investment in aircraft, tanks, frigates and drones
Berlin's 100 billion euros special fund for the armed forces will allow for an efficient and more modern military. In recent days the two branches of the German Parliament, the Bundestag (Lower house)... more
Finance and economyNorway gives up 14 military helicopters
Government seeks 500 million euros in damages for delayed deliveries
The Government of Norway has cancelled a contract to supply 14 NH-90 military transport helicopters produced by the European consortium NH Industries. The reason for this decision is delivery delays and... more
DefenseGermany approves defense fund
Green light to allocate 100 billion Euros for new armaments
The two Chambers of the German Parliament have approved the 100 billion euros special fund for the armed forces. After the green light in recent days from the Bundestag, the lower house, now comes the... more
CargoChina's exports return to growth
Logistical snags and congestion at ports, airports and highways are overcome
In the first five months of the year, China's exports increased by +13.5 percent, while imports registered +6.6 percent. These are the most immediate effects of measures taken by Beijing to reach the official... more
DefenseSpain: asked for three billions for defense
The announcement just weeks before the NATO summit in Madrid (June 29-30)
The Spanish Defense Ministry wants to increase its budget by three billion euros through an extraordinary credit. This is a decision that will be used to meet Madrid's commitments to North Atlantic Treaty... more
Finance and economySwiss discontent over F-35 aircraft
Purchased in 2021, now someone wants to cancel order
The Swiss government had decided to purchase 36 F-35A fighter planes produced by the US company Lockheed Martin. Now a left-wing political alliance "Stop F-35", which opposes the purchase of the U.S. aircraft,... more
AirlinesITA Airways is renewed all in the name of "Made in Italy"
In the week of the Italian Republic Day and six months from its flight operations
In the week of the Italian Republic Day which marks Italy's most symbolic anniversary, ITA Airways sets another milestone in its evolution as the new Italian national flagship carrier.In a period slightly... more
AirlinesFuel price increase hits airlines and defense
At least 40 billion dollars in extra costs in global airline budgets
Airlines around the world are grappling with an increase in fuel costs that will impact their budgets by an estimated 40 billion dollars. Suffering such hardships is not only the commercial sector, which... more
AirlinesITA Airways: privatization could slow down
After Air France recapitalization boost bid with Certares fund
At the closing of deadlines for submitting binding offers for the acquisition of the majority stake in the flag carrier ITA Airways two proposals had arrived: one is that of the Italo-German axis Msc-Lufthansa... more
Civil aviationAirline ticket trading conquers China
A black market that thrives despite Caac intervention
Online trading on airline tickets has conquered China in the past two years. Continuous cancellations at major international airports such as Shanghai and Hong Kong made it almost impossible to buy tickets... more