Finance and economy
3,212 news found
Civil aviationRussian luxury aircraft under Western sanctions
From Moscow aircrafts for sale, western manufacturers and maintainers scrutinize market
Private and luxury aircrafts attributable to Russian owners are under the under investigation worldwide. The reason is to be found in the economic sanctions imposed by Western governments against the Kremlin,... more
AirportsChina: an airport cluster in Chengdu-Chongqing
Civil Aviation Administration of China announces it to strengthen economic district
Civil Aviation Administration of China (CAAC) has announced that it will accelerate the process for the realization of an international airport cluster in the economic district of Chengdu-Chongqing, where... more
AerospaceHigh inflation impacts SpaceX
Musk: "Better to own physical things in these cases, but I'm not selling my cryptocurrencies"
US entrepreneur Elon Musk has let investors know that two companies he founded, space company SpaceX and electric vehicle specialist Tesla, are facing high inflationary pressure, however he has no plans... more
AerospaceAvio: 2021 results in line with its guidance
Backlog improved, stable cash position -ATTACHMENT
The Board of Directors of Avio SpA yesterday reviewed and approved the company and group financial statements of Avio SpA as of December 31, 2021. HighlightsSuccessful return to flight for Vega: 3 missions... more
Civil aviationUkraine conflict: Israel regulates migration of Russian oligarchs
Maximum 48-hour limit for stopovers of aircraft arriving from Moscow
Israel's government will prevent Russian oligarchs holding dual passports from travelling to the Middle Eastern country to save themselves from economic sanctions. Following the Kremlin-led Army's invasion... more
DefenseRussia-Ukraine: Kiev formalizes economic aid
Martial law: Zelensky increases security and defense fund by 1.57 billion euros
Fifteen days after the start of the armed conflict between Russia and Ukraine, a rift has been created in Europe with Western countries providing armaments, humanitarian aid and economic support to Kiev,... more
AerospaceLeonardo BoD examined and approved the draft of Group results 2021
And guidance 2022-ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements at 31... more
Finance and economyPhilippines will buy Russian military helicopters
Despite condemnation of invasion in Ukraine, confirmed buyout
The Philippines will finalize the purchase agreement for 17 Russian-made Mil Mi-17 military transport helicopters. An arrangement signed and partially paid for prior to the invasion in Ukraine. The contract... more
AirlinesAirbus increases production of H-160 helicopters
Enhanced and digitized assembly line to create 35 units per year
European manufacturer Airbus Helicopters said that it will boost its production capacity for twin-engine H-160 helicopters. After seven years of development 2021 was a turning point, with 52 aircraft ordered... more
AirlinesITA Airways: interest from Delta Airlines and Air France-Klm
Joint expression of interest on the Mise table, then opening of the data room
The US air carrier Delta Airlines and the French-Dutch Air France-Klm have formalized a joint expression of interest to acquire the majority of the flag carrier ITA Airways, thanks to the support of an... more
AirlinesRussia promises help to domestic air carriers
The announcement just days after Boeing and Airbus suspended services
The Russian government will help domestic air carriers so that they can keep their foreign aircraft fleets operational. The initiative comes just days after the announcement of the suspension of services,... more
Finance and economyU.S. big tech bets on cybersecurity
A 4.9 billion dollars investment in cloud-based data security
U.S. technology company Google made it known yesterday that it has acquired the company Mandiant, which specializes in cybersecurity services and real-time cyber threat monitoring. The total value of the... more
DefenseTiger Mark 3 military helicopter unites Europe
Even (Airbus): "Emblematic instrument of cooperation for a strong common defense"
The technological-military program of the Tiger Mark 3 war helicopter, developed by the European manufacturer Airbus Helicopters, is of unparalleled political, industrial and operational importance for... more
Civil aviationU.S. hospitals order 10 helicopters
Pennsylvania medical consortium buys Airbus H-135 for medical transport
The U.S.-based Stat Medevac Center for Emergency Medicine in Pittsburgh, USA, has committed to order 10 new H-135 helicopters made by European manufacturer Airbus Helicopters. It is an order that is part... more
DefenseUkraine war: Kiev negotiates armaments
Government called for press silence on details of supplies
The political and military authorities of Ukraine have let it be known in these hours that they are negotiating with Western partners on sending armaments. The aim is to enhance the defense capability... more
DefenseUkraine war: Kiev thanks Turkish drones
Decisive armament to block soldiers and vehicles of the Russian army
BT2 armed drones developed by the Turkish company Bayraktar and purchased by Ukraine have turned into a decisive weapon for the Kiev army, which has inflicted huge losses on the Moscow military. Thanks... more
AirlinesAirbus bets on Australian hydrogen
Agreement to secure first aircraft by 2035
European aircraft manufacturer Airbus signed a memorandum of understanding with Australian mining company Fortescue Metals, whose services it intends to use to reduce Co2 emissions in the air transport... more
AirlinesCarriers struggling with high oil prices
Increases of 50% in Northwest Europe from February 25th to date
The price of oil has risen to its highest level since 2008 following the Russian invasion of Ukraine. The increase had already been underway for several months due to low global crude oil supplies. The... more
Civil aviationBoeing will double MAX aircraft produced by 2023
Indiscretions say 47 units per month compared to 27 today
US manufacturer Boeing is reportedly about to give the green light to an increase in the production rate of narrow-body 737 Max aircraft. This is an indiscretion that has already filtered through previously:... more
Civil aviationBoeing to support humanitarian response in Ukraine
And it commits USD 2 million with a package
Boeing announced a USD 2 million emergency assistance package to support humanitarian response efforts in Ukraine. The assistance package will be directed to organizations working to bring food, water,... more
Civil aviationKiev informa: 38 Countries have closed airspace to Russia
And on the macro-financial assistance side, Ukraine will receive € 1.2bn from the EU
The Ukrainian Foreign Ministry reports it today on its website: 38 countries (including the USA and Montenegro) have banned their airspace to flights by Russian aircraft, in response to the large-scale... more
AirlinesLufthansa will not return to profit in 2022
Spohr (CEO): "Partnership with ITA is our strategic goal"
The Board of Directors of the German air carrier Lufthansa, contrary to earlier wishes, is not certain that the airline will return to profit in 2022. The company's top management is certain that passenger... more
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