Finance and economy
3,190 news found
AirlinesStop supplies Boeing-Airbus to Russian air carriers
Decision follows economic sanctions against Moscow
Two of the world's largest manufacturers in the aviation industry, the US Boeing and the European Airbus, have stopped the supply of components for their aircraft in the fleets of Russian companies. This... more
AirlinesAircraft and transport. Ukraine conflict: four effects on the sector
From chaos in EU skies to higher ticket and fuel prices
The conflict between Russia and Ukraine have a major impact on the passenger, cargo and charter airline industry. It's not just because Canada, the European Union and the United States have closed airspace... more
AirlinesQatar Airways on A-350 aircraft
The carrier replies to the Airbus industry
Qatar Airways communicated in a press release that "Welcomes the decision of the High Court on Friday 18 February 2022 which issued an injunction against Airbus. The essence of the order is that Airbus... more
AirlinesAircraft. Airbus asks compensation to Qatar Airways
A 220 million dollars fine for refusing delivery of two A-350 airplanes
European aircraft manufacturer Airbus asked British courts to impose a 220 million dollars fine, yesterday, on airline Qatar Airways for refusing to take delivery of two A-350 aircraft. In turn, the Arab... more
AerospaceLaura Holmes at AVIONEWS: past and future of Collins Aerospace
Exclusive interview with the new Italian office CEO -VIDEO
AVIONEWS visited the Italian headquarters of Collins Aerospace, in Turin. It's in the middle of this city that the Italian branch district of the North Carolina company was founded in 1929. A strong and... more
Finance and economyAVIONEWS interviews Marcello Minenna, general manager of Adm
Adm and Eppo signed an important contract -VIDEO
The agreement between ADM and Eppo is an important contract, which adds even more value to the national and international investigative action. It was signed by the general manager of Adm, Marcello Minenna,... more
AirlinesITA Airways launches new service
It represents a step forward in its commercial strategy
ITA Airways launches Flight Pass, a new service dedicated to its customers and featuring a personalised package of prepaid vouchers for the purchase of airline tickets in Economy, Superior and Business... more
AirlinesAir France reduces losses in 2021
It announced 4.5 billion capital increase to give back pandemic aid
The French airline Group Air France-Klm has announced its results for the fourth quarter of 2021 and for the whole year: in the latest quarterly report it recorded a net loss of 127 million Euros, much... more
AirlinesSingapore Airlines purchases engines from GE
Agreement for 22 ones worth 2.8 billion dollars
The Asian carrier Singapore Airlines ordered 22 aircraft engines model GE9X in recent days, developed by the US company GE Aviation, a division of the General Electric Group, which will be used to power... more
AirlinesThailand bets on Paris for its helicopter engines
12 Arrius and 24 Makila ones purchased for Airbus
The helicopter fleet of Thailand's Royal Thai Air Force (RTAF) will be equipped with new engines and maintained thanks to an agreement signed between Safran Helicopter Engines and Thai Aviation Industries... more
DefenseArquus military vehicles back on track
In 2022 it looks at the tender tender to replace 9000 French army vehicles
After the sufficient results recorded in 2021, the French company Arquus, specializing in the development and production of military vehicles and controlled by Renault Trucks, has set itself a new ambitious... more
Civil aviationAirplanes-helicopters. Airbus: FY2021 results
611 commercial aircraft delivered - ATTACHMENT
Airbus reported consolidated Full-Year (FY) 2021 financial results and provided guidance for 2022. The data:611 commercial aircraft delivered in 2021Financials reflect strong operational performance group-wideRevenues... more
Defense4 CH-53K military helicopters to Israel
King Stallions will be equipped with Tel Aviv-made defense systems
US aerospace and defense specialist Lockheed Martin Group officially announced in recent days that it will produce four Sikorsky CH-53K King Stallion heavy helicopters for Israel. The aircraft are expected... more
Civil aviation"Singapore Airshow": Chinese Comac aircraft on display
Market prospects for the regional ARJ-21 and the long-awaited C-919
At the "Singapore Airshow," the aviation show held in February 15th-18th 2022, aircraft built by the Commercial Aviation Corporation of China (Comac) are on display. These include the ARJ-21 regional aircraft... more
Finance and economyNew engines for Defiant military helicopter
Lockheed-Honeywell agreement on turboshaft thrusters
US engine and avionics systems company Honeywell Aerospace has been selected as the supplier of new engines for the Defiant military helicopters, the aircraft jointly developed by Lockheed Martin and Boeing... more
CargoA tech parachute for deliveries
Russian State-owned company patents cargo system
Russian State-owned technology company Rostec recently received a patent for its new cargo-cargo parachute. It is a system capable of delivering products and items in a fully automated mode. It does this... more
DefenseFrance: H-160 navy helicopter test started
It will be used in search and rescue missions
The French Navy has kicked off flight tests on the first H-160 aircraft developed by Airbus Helicopters for the Armed Force. The tests will take place at the European manufacturer's headquarters in southern... more
Civil aviationBangladesh NGO purchases two Bell 505 helicopters
The organization will use them for medical rescue and patient transfer between hospitals
The Ad-din Foundation, a private non-profit organization serving the underprivileged in Bangladesh, has purchased two Bell 505 helicopters manufactured by US-based Bell Textron. The rotary-wing vehicles... more
AirportsAutogrill: preliminary figures as of 31 December 2021
The results of last year improved compared to guidance -ATTACHMENT
The Board of Directors of Autogrill SpA today reviewed and approved the preliminary consolidated revenue performance for the twelve months ended 31 December 2021. Preliminary figures as of 31 December... more
Civil aviationOmni Helicopters leases 11 S-92A helicopters
Brazilian operator will deploy them on missions in Latin America and Africa
Brazilian operator Omni Helicopters has signed an agreement to lease 11 helicopters from Dublin, Ireland-based leasing company Milestone Aviation. The contract calls for the supply of both AgustaWestland... more
DefenseUS armament manufacturers hit by inflation
Price increases of up to 7.5 percent on estimates of 2.2 percent make deals difficult
Rising labor costs and fuel expenditures are having a major economic impact on the US arms industry. Many companies, as well as large Groups, are struggling to sign new contracts with the US Department... more
Fair and showsBoeing: $2 Billion in E-Commerce sales
Record on-line orders reflect continued recovery from COVID-19 impacts
Boeing achieved an annual record for e-commerce parts sales last year with more than $2 billion in online orders. Fueled by investment in digital tools, Boeing Distribution Inc. (formerly Aviall) sold... more
DefenseKorea Aerospace will present new helicopters
KUH variant request pleases investors
The decision of the South Korean government to develop new variants of the Kuh military helicopter created by Korea Aerospace Industries (Kai) -in collaboration with the Ministry of Defense and the Aerospace... more
Finance and economyIndonesia to purchase up to 42 Rafale military aircraft
First contract signed for 6 airplanes to modernize the fleet
After two days of meetings in Jakarta with the Minister of the French Armed Forces, Florence Parly, the Indonesian Defence Minister, Prabowo Subianto, has announced that he has signed a contract for 6... more
AirlinesITA Airways (2): Delta Air Lines offer coming soon
Expression of interest formalised in the next few days, then access to data room
US carrier Delta Air Lines may soon formally present an expression of interest to buy the national Italian airline ITA Airways. The proposal by the airline's management came just a few hours before the... more
AirlinesITA Airways: heading towards privatisation
Msc-Lufthansa offer on the table of the Council of Ministers today
Today's Council of Ministers could give the Italian Government the go-ahead for the privatisation of the national airline ITA Airways. In fact, the expression of interest of the maritime group MSC, together... more
Finance and economyFincantieri: Sustainability Linked Guarantees Facility
For a maximum amount of EUR 700 million; minimum tenor of over 4 years
BNP Paribas Italian Branch and Fincantieri have finalized an agreement to turn the guarantee line for a maximum amount of 700 million euros granted by the bank into a “sustainability linked Guarantees F... more
AirlinesAtlantia puts 1.5 billion into Airports Côte d'Azur
It also includes development of French vertiports to start from Nice
Atlantia Group's top management has announced that it will invest in the airport management company Aéroports de la Côte d'Azur to improve the environmental sustainability of the airports, and to maintain a... more
AirlinesSingapore approves Korean Air’s business combination with Asiana Airlines
The carrier submitted reports to nine Countries
Korean Air received unconditional approval from the Competition and Consumer Commission of Singapore (CCCS) for its business combination with Asiana Airlines on February 8.Following its assessment, the... more
DefenseTaiwan buys arms and services from the US
Washington approves 100 million dollars sale in missiles and upgrades
The Taiwanese Government has been given the green light to purchase arms, equipment and related services from the US State Department. This was announced in recent hours by the US Defense and Security... more
AirlinesCargo Swissport exceeds pre-pandemic volumes
Passenger services sector still far from recovery
Multinational airport services company Swissport International, specialised in baggage handling, refuelling, on-board maintenance and cleaning, has reported that in 2021 the cargo sector handled 5.1 million... more
DefenseSix Rafale military aircraft in Indonesia
French Armed Forces Minister Parly in Jakarta today and tomorrow
The government of Indonesia has purchased six Rafale military fighter planes built by the French company Dassault Aviation. No further details of the purchase are known at the moment, but according to... more
AirlinesAircraft. Frontier and Spirit announce merger
A 6.6 billion dollars deal to build US low-cost giant
A new low-cost airline giant will emerge in the US. Frontier and Spirit have announced that they are planning to merge. The economic value of the operation is almost USD 3 billion dollars, which, if debt... more
AirlinesNew Russian Baikal aircraft on the market in 2023
First flight successfully completed in recent days
The Russian Ministry of Industry announced in recent days that the Russian LMS-901 Baikal aircraft will receive its airworthiness certificate by the end of 2022 and will therefore be put on the market... more
AerospaceRocket will bring samples from Mars back to Earth
NASA entrusts construction to American space and defence company
The Mars Ascent Vehicle (Mav) rocket for the first time will bring to Earth samples collected by the Perseverance rover on the surface of Mars: rocks and sediments recovered during missions. It is the... more
AirlinesAircraft. Play airline focuses on transatlantic flights
Icelandic low-cost carrier born during the pandemic focuses on ultra-low prices
Some analysts in various sectors of the economy warned that the pandemic could also be a chance for their companies to revive. Yet in the air transport sector, many companies are still struggling to survive... more
DefenseUSA sells aircraft and radar to Egypt
This includes 12 C-130 Hercules aircraft. Protests from Democrats
The US State Department approved the sale of military assets to Egypt for a value of 2.5 billion dollars in recent hours. The order includes 12 Lockheed Martin Hercules C-130 tactical transport aircraft... more
Finance and economyBelarus blames Ukraine for spy drone
Ambassador summoned. Minsk-Moscow military exercises continue
The executive branch of Belarus has officially protested against the Ukrainian government over an alleged violation of Minsk's airspace by a remotely piloted military aircraft. According to the Belarusian... more
AirlinesAircraft and airlines. Swiss launches recruitment drive
Reversal of company policy in view of the Summer
In view of the increased supply and demand for flights expected in the hot season, Swiss Air Lines has reversed its personnel strategy. No more short-time work and a green light for re-hiring and recruitment,... more
AirlinesNew York airport resurrects
Almost abandoned the Stewart offers ultra low-cost flights to Europe
New York-Stewart International Airport had been nearly abandoned after ultra low-cost European airline Norwegian Air left the airport in Summer 2019, after just two years of service, because of the grounding... more
AirlinesTata Group takes back control of Air India
Government pays back 8.2 billion dollars in losses, privatization after 70 years
After almost 70 years of State ownership, the national carrier Air India (and low-cost subsidiary Air India Express) is back under the control of the Indian conglomerate Tata. The privatization agreement,... more
AirlinesUK: possible changes to compensation for delays
The executive evaluates new reimbursement system for inefficiencies on domestic flights
The Department of Transport of the United Kingdom stated it is considering changes to the system of economic compensation for delays in scheduled commercial flights in recent days. This action is aimed... more
AirlinesAircraft ticket prices rise in Germany
Omicron variant slows sector recovery and increases costs
Air travel in Germany has become much more expensive during the crisis. In 2021, intra-European connections cost around 22% more than in 2019, prices for intercontinental routes increased by 3%, and travel... more
AerospaceChina's focusing on space
Details of next five-year expansion plan outlined
The Chinese government has recently unveiled details of its five-year space expansion plan. Beijing said it will aim to strengthen its presence in the cosmos to better protect its assets in orbit and its... more
Civil aviationSAF's biofuel production go slowly
French Study: industry waits for governments to create demand by setting targets
Sustainable Aviation Fuel (SAF) is the most important tool in the aviation industry's efforts to reduce harmful CO2 emissions. These propellants are produced from agricultural raw materials and food waste,... more
AirlinesGE-Raytheon agreement on long-haul flights
Alliance of engine manufacturers to boost travel demand
Engine manufacturing is a complex segment of the aviation industry and a high-margin one for investors looking to bet on a pandemic recovery. For this reason, some of the leading jet engine manufacturers... more
Civil aviationAirplanes-helicopters. Boeing reports fourth quarter results
The data for business segment
The Boeing Company reported fourth-quarter revenue of $14.8 billion, reflecting higher commercial volume and lower defense revenue. GAAP loss per share of ($7.02) and core loss per share (non-GAAP) of... more
AirlinesGermany-United States axis for cargo drones
eVtol aircraft to transport medicines to remote areas
The use of transport drones is a growing trend in urban areas across the Atlantic. Now a start-up company in the US is launching a service to deliver drugs and medical equipment to remote areas of the... more
AirlinesAnti-Vid rules in Hong Kong frighten managers
Companies move employees out of the city, other financial centres take advantage of it
Hong Kong's governorship is the focus of criticism from the financial establishment. Tough restrictions introduced to combat the spread of infections of the new Omicron variant of the coronavirus are increasingly... more
AirlinesAircraft. ITA Airways received an Expression of Interest
From MSC and Lufthansa; BoD will examine the details
The Company announces that yesterday it has received an Expression of Interest from the MSC Group and Lufthansa to acquire the majority of ITA Airways. The Group has agreed with the German airline its... more