Finance and economy
3,190 news found
AccidentsThe fatal accident that retired the Concorde airplane
24 years after the tragedy in France in which 113 people lost their lives -VIDEO
About 100 passengers, nine crewmembers (including two pilots and six flight attendants) and four people on the ground in a hotel had died. This is the death toll of the accident involving the Concorde... more
AirlinesCologne Airport: dozens of flights delayed and cancelled
Stopover returns to operation after environmentalist protest
The German international airport "Konrad Adenauer" in Cologne-Bonn is back in operation. Departing and arriving flights were suspended at dawn due to a protest by environmentalists from the Last Generation... more
AirlinesAirbus and partners invest in Sustainable Aviation Fuel financing fund
The commitment from the seven ones is amounting to about USD 200 million
Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a Sustainable Aviation Fuel (SAF) financing... more
AirlinesAgreement on Italian vertiports
MoU signed between Sea Airports, Skyports and Lilium air taxis
A Memorandum of Understanding was signed today between the German air taxi manufacturer Lilium and a company (newco of Sea Aeroporti and Skyports) which will build and manage the vertiports in Lombardy... more
DefenseMBDA announces new missile effector
It will be marketed in different variants to meet customer needs
The European consortium MBDA, specialized in the production of missiles and components, has announced that the new effector (on-board technological system) of anti-drone weapons, recently tested, will... more
AirlinesItaly. Cagliari airport: passengers enraged by delays
Planes were reported to have taken off and arrived almost five hours after the scheduled time
Passengers also sat on the floor waiting for their plane to take off or arrive at the Italian "Mario Mameli" airport in Cagliari and reported delays of almost five hours. It is what we read on the timetables... more
AirportsItaly. Pisa Airport: expansion works underway
A new building will be built, it will constitute the future arrivals terminal
The modernization and expansion works of the "Galileo Galilei" international airport in Pisa are underway. On Monday 22 July 2024 the workers of Toscana airport construction (an in-house company of the... more
DefenseUSA slows down on new generation fighters
An ambitious project that weighs too heavily on the country's economic budget
The project is too ambitious and costs too much. For this reason, the Next Generation Air Dominance (NGAD) program, which involves the development of a sixth generation warplane for use by the US armed... more
AirlinesDoors open for "Farnborough" 2024
According to the organizers there will be around 75,000 visitors and enthusiasts
The "Farnborough International Airshow" 2024 opens today. This year's edition takes place from 22 to 26 July 2024 at the International Exhibition & Conference Center of the British airport of the same... more
AirlinesITA-Lufthansa: wedding operational in four months
Turicchi: "Three important steps are expected: two concern remedies, the other governance"
Within the next few months the national carriers ITA Airways and Lufthansa will have to finalize their marriage. How? Making operational the package of remedies proposed by the two spouses in Brussels,... more
AirlinesAir India is focusing on aircraft with latest generation interiors
The first A-320neo aircraft with a renovated cabin entered service in the last few hours
New livery and a completely renovated cabin with latest generation interiors. The first narrow-body aircraft of the national carrier Air India entered service in the last few hours. It is the A-320neo... more
AirportsIn Geneva, those who delay pay
Fines to airlines for intercontinental delayed flights
Who is late pays. This is the mantra that the managers of Geneva international airport repeat to themselves. After testing the initiative in 2023, the measure has now entered into force permanently: air... more
DefenseBrussels relaunches common defense
Von der Leyen: "Let's work together on a European air shield"
Cybernetics, common defense, migrants, rearmament, ecology, border security, united Europe: these are the main themes addressed in the keynote speech by Ursula von der Leyen, who will preside the European... more
AerospaceNASA cancels lunar rover development
It had cost 450 million dollars to date
The construction program for a new lunar rover has been canceled due to cost overruns and delays. It was announced by the National Aeronautics and Space Administration (NASA). Development of the next-generation... more
AirportsItaly. Reorganization of 2i Aeroporti: signature expected today
According to rumors, the Canada Pension Plan could still be included in the game
The official signature on the purchase and sale documents of 49% of the Italian 2i Aeroporti holding company is expected today. The buyer is the Spanish fund Asterion Industrial Partners which deals with... more
AirportsItaly. Reorganization 2i Aeroporti (2): who is Asterion
Sustainability, ecological transition, sustainable mobility and much more
One billion Euros, 63 million passengers and 758,000 tons of goods. This is the turnover generated by the Italian company 2i Aeroporti, of which the Spanish investment fund Asterion Industrial Partners,... more
AirportsItaly. Reorganization of 2i Aeroporti: it's official, 49% to Asterion
Advisor has chosen a Spanish financial fund as buyer
The Spanish financial fund Asterion Industrial Partners would have officially acquired 49% of the 2i Aeroporti holding. The news confirms the rumors that have filtered through the Italian media in the... more
AirlinesITA-Lufthansa: if Italy makes Germany fly
Economies of scale and long-range intercontinental routes for a lasting relaunch
The finances of the German Lufthansa Group in the first half of 2024 are not brilliant, but the purchase of the Italian carrier ITA Airways could allow the airline to improve the Group's situation. There... more
AirlinesItaly. Ancona Airport: the service worries the unions
CGIL, CISL, UIL: "The company risks crisis again due to lack of liquidity"
The operational and financial situation of the "Raffaello Sanzio" Italian airport of Ancona-Falconara worries the unions. From the point of view of the transport service, the territorial continuity flights... more
AirlinesLufthansa ends 1H2024 in the red
However, the Group estimates that it will finish the year on a positive note
A loss of 427 million euros in the first half of 2024, an estimate of adjusted operating profits that fluctuates between 1.4 and 1.8 billion euros at the end of the year. These are some of the most significant... more
AirportsItaly. Salerno Airport: Basilicata maintains its share
The airport's shareholder consortium will not cede 6.7%.
The Basilicata Region will not sell the 6.7% stake held in the Salerno-Pontecagnano airport consortium, chaired by Anna Ferrazzano. It is an Italian public company created to allow the complete implementation... more
AirportsItaly. Cagliari Airport: the crux of the Court of Auditors
Judges believe that the Privatization should be linked to a public tender procedure
The creation of a single-managed Sardinian airport network would be tied to a public procedure, according to what the Italian Court of Auditors said months ago. It is necessary to keep this in mind now... more
AirlinesSouth Italy. Salerno airport inaugurated
Salvini (Transport): "The airport system will bring thousands of jobs to the area"
The Campania airport of Salerno-Costa d'Amalfi returned to operation today after years of closure. This morning, Thursday 11 July 2024, a plane landed from Milan-Malpensa airport (flight EJU3609) and operated... more
DefensePre-agreement between Israel and Hamas
Towards ceasefire; a pact for interim government
A ceasefire in the Middle East is an increasingly real possibility. This means that the truce is closer and that we are looking at post-conflict political management with renewed hope. This is what emerges... more
AirlinesItaly. Sardinia air transport: "Stop municipal boarding tax"
Regional councilor Truzzu (FdI) announces presentation of motion
The municipal surcharge introduced at various airports for the boarding of passengers in Italy remains among the most discussed issues in the air transport sector. A political controversy that fuels parochialism... more
AirportsItaly. 49% of 2i Airports to Asterion
The sales procedure was launched at the end of 2023
The Spanish fund Asterion Industrial Partners, an investment management company specializing in European infrastructure, would have been awarded a 49% share of the italian holding 2i Aeroporti. The stake... more
AirportsItaly: tourism at +12% in Summer
The estimates of the International Tourism Exchange (Bit)
In the Summer, traffic at Italian airports deriving from international air connections should record a +12% in arrivals: a sector driven by long-haul flights from the United States (+14%) and medium-haul... more
AirlinesLufthansa Cargo appoints a Head of Global Markets
The airline strengthens overall sales with new management position
Effective 15 July, Anand Kulkarni will assume the newly created position of Head of Global Markets at Lufthansa Cargo. In this role, he will lead and manage the sales regions and the Digital Sales department... more
AirlinesITA-Lufthansa: the weight on the stock market of ex-Alitalia
The sword of Damocles of summaries hangs over the wedding, but the title has a positive trend
The marriage with the Italian carrier ITA Airways had a beneficial impact on the share price performance of the German aviation group Lufthansa. However, some questions remain on issues that do not provide... more
AirportsItaly. Salerno airport operational in 24 hours
Borgomeo (Gesac): "It will not be an auxiliary port of Naples"
In less than 24 hours the "Costa d'Amalfi" Italian airport of Salerno will reopen and will return to operation after years of closure. In fact, a flight to the French airport of Nantes-Atlantique is scheduled... more
AirportsSalerno Airport: positive effects on companies
Territory company managers welcome reopening
The return to operation of the Italian airport of Salerno-Costa d'Amalfi will have positive effects on the local economy. The Chamber of Commerce of the Campania city has reiterated this several times... more
AirportsAirport strike in Paris
Scheduled for Wednesday 17 July 2024
A 24-hour national transport strike has been proclaimed in France for Wednesday 17 July 2024. The protest comes, not surprisingly, just nine days before the start of the Paris Olympic Games, which will... more
DefenseRussia would have foiled the theft of a plane
At the center of the action in Kiev is a Tupolev TU-22M3 nuclear bomber
Ukraine reportedly tried in vain to recruit a Russian military pilot to steal a strategic bomber from Moscow. This was announced today by the Federal Security Service of the Russian Federation, better... more
AirlinesBrussels-Lufthansa tug-of-war
In-depth investigation launched into alleged State aid during the pandemic
An investigation has been started by the European Commission to reconstruct the process that led Brussels to give the green light to the six billion euro recapitalization granted by Berlin to the national... more
AirlinesGenoa Airport: members evaluate new shared project
MSC ready to take over 15% stake
The fate of the Italian "Cristoforo Colombo" airport in Sestri will be decided in July. In fact, the maritime group Mediterranean Shipping Company (MSC) recently made an offer for the acquisition of a... more
AirportsPalermo Airport: 18 million euros arriving
Allocation announced by the Region to improve terminals
Thanks to the Italian Development and Cohesion Fund (FSC, Fondo per lo sviluppo e la coesione), the future of the "Falcone-Borsellino" international airport of Palermo-Punta Raisi will be bright. The Sicily... more
AirlinesAVIONEWS interviews Ivan Viglietti on ITA-Lufthansa
Italian secretary of Uiltrasporti union on hiring, potential, and new board - VIDEO
Brussels has authorized the sale of 41% of the Italian airline ITA Airways to Lufthansa. It is considered the merger of the year. A new global aviation giant is born. For the privatization of the Italian... more
AirlinesITA Airways: these are all the news
Low-cost carrier does not rule out EU appeal against Italian-German marriage
New international connections, more planes, greater attention to sustainable fuels, further hiring, a more precious loyalty program. According to many aviation industry experts, these are some of the effects... more
AirlinesSouth Italy. Italian Government will inaugurate Salerno Airport
On 11 July first flight operated by a low-cost carrier to France
Positive outcome for the test flight, the evacuation tests and the meeting in the Prefecture on the viability for the imminent opening of the Italian "Costa d'Amalfi" airport of Salerno-Pontecagnano. Preparations... more
DefenseItaly will have a new tank
Rome-Berlin agreement on new generation land vehicles
Agreement between Italy and Germany for the development of new generation military land vehicles. The industrial and technological synergy between two of the main European companies involves the creation... more
AirlinesITA Airways welcomes the EC's decision approving Lufthansa's stake in its capital
The completion of the transaction is subject to the fulfilment of certain conditions set -PHOTOS
ITA Airways welcomes the decision, published yesterday, with which the EuropeanCommission has approved the transaction for the sale to Deutsche Lufthansa AG of a 41% stake of the Ministry of Economy and... more
AirlinesITA-Lufthansa (4): the sacrifices that convinced Brussels
Sales of airport slots, more feeder flights, Rome opens up to Africa and America
The wedding of the year is done. The technicians of the European Competition Commission, led by Margrethe Vestager, have officially approved the sale of 41% of the national carrier ITA Airways to the German... more
AirlinesITA-Lufthansa (3). Transaction to be completed in the fourth quarter of 2024
The declarations by Carsten Spohr, CEO of the German Group
Carsten Spohr, Chief Executive Officer of Deutsche Lufthansa AG, says: "The approval from Brussels is excellent news for ITA Airways and Lufthansa and especially for all passengers flying to and from I... more
AirlinesITA-Lufthansa (2). EC clears proposed acquisition of stake
In the Italian carrier by the German airline, subject to conditions
The European Commission (EC) has approved, under the EU Merger Regulation, the proposed acquisition of joint control of ITA Airways (‘ITA') by Deutsche Lufthansa AG (‘Lufthansa') and the Italian Ministry of... more
AirlinesITA-Lufthansa: Brussels approves the marriage
Turicchi (president of the Italian airline): "Logic has prevailed over the various obstacles"
Approved the marriage between the airlines ITA Airways and Lufthansa. The green light has arrived in these hours with a decision put in black and white by the European Commission: approved "in accordance... more
AirportsItaly. Strike on 5 July at Bologna Airport
For four hours and airport entrance guard
A four-hour strike has been proclaimed in Italy at the "Guglielmo Marconi" airport in Bologna-Panigale. The mobilization, scheduled for Friday 5 July, from 1pm to 5pm, was called by the CGIL, CISL, UIL... more
AirlinesCebu Pacific will purchase 152 new planes
Objective: to renew and expand the fleet for market reasons
An investment of approximately 24 billion dollars to renew and expand the fleet of the Philippine low-cost carrier Cebu Pacific. It was announced by the airline's management, announcing that it will purchase... more
AirportsItaly. Sardinia: towards the creation of the island airport network
Regional President Alessandra Todde wants to participate in the operation
In Italy the creation of a single-managed Sardinian airport network is closer. In fact, in the last few hours the Sardinia Region has made it official that it intends to participate in the operation which... more
AirlinesCampania Region (Italy), Salerno Airport: final preparations for reopening
Evacuation test starting on 3 July 2024 with emergency services present
The evacuation tests will start tomorrow, Wednesday 3 July 2024, at the Italian "Costa d'Amalfi" airport of Salerno-Pontecagnano. Civil Defence, the Fire Brigade, the Carabinieri, the 118 doctors and airport... more
AirlinesITA-Lufthansa: great anticipation for the green light
24 hours from the ok by Brussels on the wedding of the year
We are 24 hours away from the Brussels green light for the ITA-Lufthansa marriage and the two newlyweds are preparing to tie the knot. July 3 is set as the date on which the European Competition Commission,... more