Finance and economy
3,190 news found
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
AirlinesITA Airways: details on the two bids
Indiscretions on the proposals of Msc-Lufthansa and the Certares fund
After the deadline for submitting binding offers for the takeover of flag carrier ITA Airways expired, now the Italian Ministry of Economy and Finance (Mef) is working to evaluate the two proposals that... more
AirlinesITA Airways: Indigo is almost out
Fund not present in data room, then denial of alliance with Certares
US investment fund Indigo Partners is almost out of the game for the takeover of national airline ITA Airways. In fact, it is not present in the data room and appears to have definitively rejected the... more
AirlinesITA Airways: deadline for bids today
Anac Authority dismiss sanction proceedings against Msc Group involved in airline privatization
The deadline for parties interested in submitting a binding offer to purchase the majority shares of the national airline ITA Airways expires today at 11:59 pm. As of today, there are two consortia vying... more
AirlinesITA Airways (2): the challenge is between two pacts
Parties will submit takeover bids by Monday
There will be two international cordates vying for the takeover of Italy's flag carrier ITA Airways: the US-based Certares fund in partnership with the airlines Air France and Delta Air Lines on the one... more
AirlinesITA Airways: hypothesis of a US stringer
Certares and Indigo Partners funds to beat Msc-Lufthansa bid
US Certares fund is attempting to build a cordate with investment Indigo Partners Group with the aim of joining forces and submitting a joint takeover bid vis-à-vis the national airline ITA Airways, in... more
Civil aviationAssets frozen at Superjet company
Italian Financial Police seals five aircraft and assets worth 150 million euros
The Financial Security Committee of the Italian Ministry of Economy has ordered the freezing of assets of Pjsc United Aircraft Corporation, traceable to the company Superjet International, based at "Marco... more
AirlinesAgreement by two companies on ship-to-air cargo
They will acquire stake in Air France-Klm Group
French shipping company Cma Cgm, which specializes in container transport and shipping, will acquire a 9 percent stake in the French-Dutch Air France-Klm Group. The aim is to create a "strategic partnership"... more
Finance and economyFincantieri (2): shareholders' meeting approves 2021 financial statements and new BoD
For the years 2022-2024: Claudio Graziano President
Fincantieri SpA held its ordinary Shareholders’ Meeting today in Trieste on a single call. To minimize the risks related to the COVID-19 health emergency, in compliance with Article 106, paragraph 4, of... more
DefenseRussia-Ukraine: Brussels towards sixth sanctions package
Di Maio: "Italy approves. Only peaceful means to bring Putin to the diplomatic table"
Today in Brussels at an important meeting of the EU Foreign Affairs Council, ministers of the 27 countries discussed the situation of the Russian-Ukrainian conflict and possible solutions, reviving the... more
DefenseFincantieri: a new era begins
Today ratifies top management and appoints new board of directors
Today is the day when a new era begins at the Fincantieri Group. A meeting is being held in Rome that is to ratify the appointments of the new chairman, General Claudio Graziano, current chairman of the... more
Civil aviationItalian Enav: approved interim financial report as at March 31, 2022
Together with the new 2022-2024 business plan -ATTACHMENT
The Board of Directors of ENAV SpA, in their meeting held today under the chairmanship of Francesca Isgrò, approved the Interim Financial Report as at 31 March 2022 and the new 2022-2024 Business Plan. The h... more
AirlinesAirline Wizz Air expands into Saudi Arabia
Mou signed with country investing in tourism
Low-cost airline Wizz Air is expanding its presence in the Arabian Peninsula with the aim to launch air links between Saudi Arabia and the United Kingdom. It is a decision that espouses Riyadh's goal of... more
Finance and economyUS towards increased production of rocket launchers
War in Ukraine increased demand for Javelin, but more chips needed
The US Congress could give the green light to defense and security specialist Lockheed Martin's plan to double production of FGM-148 Javelin anti-tank missile launchers as a new goal. This would be increased... more
AirlinesBlue Panorama airline is sold
From the Uvet Group to a US fund specialized in transport and energy
The Uvet Group, which operates in the tourism services sector, has sold the airline Blue Panorama Airlines to the US fund Bateleur Capital, which specializes in investments in the fields of civil aviation,... more
AirlinesMore than 220 chartered aircraft stranded in Russia
National carriers use airplanes of foreign companies within the national space
The analysis company Iba Aereo has estimated that at least 171 aircraft have been illegally taken from foreign leasing companies by Russian companies that continue to use them to operate domestic routes.... more
Finance and economyFincantieri: the BoD approves 1Q 2022 results
Total backlog at EURO 34.4 billion -ATTACHMENT
The Board of Directors of FINCANTIERI SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at March 31, 2022. Consolidated 1Q 2022 results ▪ Revenues stand at... more
AerospaceLeonardo BoD: examined and approved results of the first quarter
Growth path and guidance 2022 confirmed -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved results of the first quarter 2022. 1Q 2022 financial results The results of t... more
AirlinesITA Airways approved maxi salaries for Lazzerini and Altavilla
Board of Directors gives green light also to the budget: -148 million in 2021
After the closure of 2021 with accounts in the red for 148 million euros, although slightly better than expected, the board of directors of the national airline ITA Airways approved in recent days, in... more
Civil aviationAirplanes-helicopters. Airbus reports 1Q2022 results
Contract for the Tiger MkIII attack helicopter upgrade programme and Eurodrone
Airbus reported consolidated financial results for its First Quarter (Q1) ended 31 March 2022.Solid Q1 results in an evolving and complex geopolitical and economic environment142 commercial aircraft delivered... more
AirlinesAir France-Klm Group halves losses
Returns estimated to be higher than 2019 through Summer 2022
The Franco-Dutch airline group Air France-KLm has released its financial results for the first quarter of the year in these hours. The figures show a clear recovery over the past year. Net losses amounted... more
AirlinesLufthansa halves losses
It quadruples passengers carried compared to first quarter 2021
German carrier Lufthansa announced its financial results for the first quarter of the year in recent hours. The figures show that there has been a marked recovery in the last 12 months, despite the disruption... more
Finance and economyUS investment giant bets on aerotaxis
Bank estimates that two companies will bill 1 trillion dollars
The US investment bank JP Morgan sets eye on eVtol air cabs (electric vertical take-off and landing aircraft) produced by the American start-ups Joby Aviation and Archer Aviation, specialized in the development... more
AirlinesITA Airways: two in the data room
Msc-Lufthansa and Certares Fund are already inside, binding offers within end of May
Two of the three parties interested in buying the national airline ITA Airways accessed the airline's data room yesterday. The two are: the US Certares Fund in partnership with the carriers Air France-Klm... more
AirlinesSpirit Airlines says no to JetBlue
Confirmed the agreement by mid-2022 with Frontier Airlines
The US low-cost carrier Spirit Airlines has announced that it has rejected a 3.6 billion dollar acquisition bid offered by rival American airline JetBlue. This rejection confirms the company's intention... more
DefenseDraghi's speech to the Europarliament
"War is a humanitarian, security, energy, economic crisis. Italy is working on a diplomatic solution"
The President of the Italian Council of Ministers, Mario Draghi, spoke today for the first time in his career at the plenary assembly of the European Parliament in Strasbourg, where he spoke about the... more
AerospaceRussia will leave International Space Station
Rogozin (Roscosmos): "On the exact date we will warn our partners in advance"
The Russian space agency Roscosmos announced that it will end prematurely the international collaboration on board the International Space Station (ISS) in recent hours. It is a decision that is the direct... more
AirlinesAVIONEWS interviews Robert Carey of Wizz Air
The president talks about the expansion of the airline -VIDEO
Wizz Air, Hungarian airline, has achieved great results in recent years. Its constantly expanding routes form a network of very important connections also for Italian tourism. With a fleet that is under... more
AirlinesAeroitalia: a new Italian style company
AVIONEWS interviews the team -VIDEO
Green and red are the new black. These are the colors of Aeroitalia, a new italian style company, that very soon will become part of the civil aviation market in the coming months. AVIONEWS was present... more
AirportsMunich Airport: dynamic traffic growth paves way out of crisis
The results during an annual press conference of today
In fiscal year 2021, traffic development at Munich Airport was still heavily influenced by the effects of the global COVID-19 pandemic. At 12.5 million, the number of passengers at the airport increased... more
DefenseIndia cancels purchase of 48 Russian military helicopters
Stop Mi-17s to favor domestic aircraft production
The government of India cancelled an order of 48 Mil Mi-17 V5 helicopters of Russian manufacture in the last days. It is a decision taken with the aim of encouraging the local production of aircraft. Those... more
AirlinesAlia-250 raises 800 million dollars in investment
This US-made eVtol sparks American Army interest
US company Beta has announced that it has raised 796 million dollars in investment for the development of an electric vertical takeoff and landing (eVtol) aircraft called Alia-250. The goal is to receive... more
AirlinesAircraft. Ukrainian war: Russian carrier out of Oneworld alliance
S7 Airlines temporarily suspended due to sanctions against Moscow
The Russian carrier S7 Airlines has been temporarily suspended from the Oneworld global alliance which includes, among others, American Airlines, British Airways, China's Cathay Pacific, Spain's Iberia,... more
DefenseFinland invests two billions in defense
Objective of Helsinki is to strengthen park means and to enter in the NATO
On April 13, the political leaders of Finland and Sweden, Prime Minister Sanna Marin and her counterpart Magdalena Andersson, respectively, made official the desire to join the Atlantic Alliance. A historic... more
Finance and economyCDP (2): appointments for the renewal of corporate bodies in investee companies
The list of candidates for Fincantieri, Autostrade per l'Italia, Ansaldo Energia
The board of directors of Cassa Depositi e Prestiti SpA (CDP), which met today, approved, in view of the renewal of the Board of Directors of Fincantieri SpA, on the agenda of the Shareholders' Meeting... more
AirlinesDelta Air Lines announces March quarter 2022 financial results
The highlights
Delta Air Lines today reported financial results for the March quarter 2022.March quarter 2022 financial results • Adjusted operating loss of $793 million excludes a net gain of $9 million • Pre-tax loss... more