Finance and economy
3,190 news found
AirlinesAirbus cancels order from Qatar Airways
6.3 billion dollars order for 50 planes; legal battle escalates - VIDEO
European aircraft manufacturer Airbus has cancelled an order for 50 A-321neo aircraft placed by Qatar Airways. The deal, signed in December 2017, worth about 6.35 billion dollars at list prices. The decision... more
Civil aviationHelicopters: manufacturer Enstrom declares bankruptcy
Chinese owner in financial trouble; expressions of interest arrive
US helicopter manufacturer Enstrom Helicopter declared bankruptcy yesterday. As of today, January 21, work activities at the plants in Menominee, Michigan, are suspended. All of the company's employees,... more
Civil aviationRussia allocates millions of dollars to develop aviation
Started projects to strengthen regional and long-range aircraft production
Moscow will allocate 26.1 million dollars to provide economic support for various development projects involving Russian-made aircraft used on both regional and long-range routes. Authorities aim to give... more
Civil aviationChinese C-919 aircraft to be delivered in 2022
The communication of a senior executive aircraft manufacturer Comac
Chinese aircraft manufacturer Comac will start delivering its C-919 narrow-body aircraft in 2022. The Dragon manufacturer previously announced that the first delivery of six aircraft destined for China... more
AirlinesPetition to define minimum seat width
Presented by consumer association to the US FAA
The consumer association Flyers Rights filed a legal action at a court in Columbia of the US Court of Appeals in recent days. In the documents it asks that the Federal Aviation Administration (FAA) establish... more
AirlinesSpanish government considers entry into Air Europa
It could take over 40% of the capital, meanwhile Brussels examines IAG's offer
The Spanish government is considering the possibility of entering the capital of the carrier Air Europa. An option that fuels the hope of more than 2000 employees of the airline that is on the verge of... more
AirportsAtlantia agrees acquisition of Yunex Traffic from Siemens
Existing airport assets are expected to benefit from operating and business synergies -VIDEO
Atlantia has yesterday entered into agreement with the Siemens Group for the acquisition of Yunex Traffic at a price of €950m (Enterprise Value), to be funded from available cash. Signature of the agreement m... more
DefenseFrance increases military helicopters available
A result of the government's Direction de la Maintenance Aéronautique Monitoring
France is increasing the availability on the market of some models of military helicopters such as the Fennec, the Cougar, the Panther and the Tiger of Airbus Helicopters. This is what emerges from the... more
AirlinesITA Airways can access Covid-19 refreshments
They are not state aids, declares European Commissioner Vestager
The difficulties suffered by ITA Airways in the first months of operation can be economically compensated by the Italian State without Brussels accusing Rome again for having given illegal aid. This was... more
AirlinesDelta Air Lines: December quarter and full year 2021 financial results
The highlights
Delta Air Lines reported financial results for the December quarter and full year 2021 and provided its outlook for the March quarter 2022. The highlights are: December quarter 2021 GAAP pre-tax loss o... more
AirlinesMicrosoft invests in biofuels for aviation
50 million dollars for ethanol propellant refinery
US technology company Microsoft is investing 50 million dollars in a Georgia refinery by the company LanzaJet to support the production of aviation biofuel from ethanol. The company said it has nearly... more
Civil aviationUnited Kingdom will invest 6 million Euros on hydrogen and Saf
New Beccs program to improve raw material treatment
The British Government announced the launch of a new Beccs (Bioenergy with Carbon Capture and Storage) program yesterday, for the production of green hydrogen from the treatment of waste and biomass. The... more
Finance and economyNew military helicopters for Belgium
Investment also in planes, drones and other armaments
Belgium's Defense Minister, Ludivine Dedonder, would like to invest an additional 3 billion Euros to strengthen the national strategic armaments plan. These would be in addition to a 9.2 billion investment... more
DefensePhilippines will purchase 32 more military helicopters
Among the new armaments also six maritime patrol boats
The secretary of the Department of National Defense of the Philippines, Delfin Lorenzana, said in recent days that by January the country should finalize a further agreement for the purchase of 6 maritime... more
DefenseSouth Korea: first V6 Apache AH-64E helicopter
New variant deployed by the US Army at Camp Humphreys
The US Army has deployed for the first time outside the borders of the United States some examples of the latest V6 version of the AH-64E Apache attack helicopter developed by Boeing. The aircraft are... more
AirportsHong Kong bans flights from 150 countries
Managers and executives blocked; a threat to global financial hub status
The Hong Kong government has decided to implement tough restrictions on travelers from 150 countries. The suspension will begin on January 15th and last until February 14th. Passengers arriving from high-risk... more
Finance and economyBreakthrough on helicopters for the Indian Coast Guard
Russia abandons tender, Airbus remains the only one supplier with H-225M
An important turning point occurred in the tender for the supply of 14 new heavy twin-engine helicopters for the Indian Coast Guard, which will use them to carry out various missions related to security... more
AerospaceAerospace start-ups and the Spac bet
Big companies lost even 40% after the merger in the last months
Today's aerospace start-ups need to be on their toes because succeeding in this industry becomes increasingly difficult. For this reason many young companies rely on acquisition companies (Spac) that promise... more
Civil aviationFrance: maintenance of Sccoa systems to Thales
The 1.5 billion Euro contract for ten years
French aerospace, defense, and security specialist Thales has signed a 1.5 billion dollars 10-year contract with the French Defense Ministry's Directorate of Aeronautical Maintenance (Dmae) to take care... more
Finance and economyAirplane-helicopter. Bell-Boeing wins V-22 tiltrotors maintenance
A 1.6 billion dollars tender for hundreds of aircraft
The American manufacturers Bell and Boeing won in these days the tender of the US Department of Defense for maintenance, repair and support services for V-22 tiltrotor (aircraft-helicopter) in service... more
AirlinesAircraft and carriers: big data to recover from covid
Information from social media, credit cards and cell phones to anticipate trends
During the pandemic US air carrier debts grew to levels that currently alarm lenders. Reducing them will require faster revenue growth than ever before, but it may be risky to try to convince travelers... more
AirlinesEU carriers cancel thousands of Winter flights
Due to the collapse in travel demand, but they announce new routes in the Summer
Many European airlines decided to drastically reduce the flight connections scheduled for the Winter season due to the sharp drop in ticket bookings by passengers recorded in recent weeks. It seems centuries... more
AerospaceFrench defense company focuses on rehiring
Safran cuts workforce during pandemic, now wants to employ 12,000 units
The French company Safran -specialized in aerospace, defense and security- chose to cut its workforce by 16,000 units, reducing the number of employees to 79,000 people in the last two years. A decision... more
AirlinesUS carriers fly in the stock market despite cancellations
Investors expect global travel demand to rebound in 2022
In the 2021 the stock market value of US air carriers plummeted as a result of the coronavirus pandemic, which forced thousands of aircraft and millions of passengers to ground due to tight border closures.... more
AirlinesCovid-19 impact on aircraft and transport
Eurocontrol study: 2021 analysis and outlook 2022 - ATTACHMENT
In almost two years of the pandemic Europe's commercial aviation and air transport sectors have shown resilience. This is what emerges from the 15th Think Paper of Eurocontrol, the organization that monitors... more
Civil aviationEVE eVTOL aircraft: SkyWest, Azorra, Republic Airways, BAE Systems
Agreements announced with more orders and strategic partnerships
Eve Urban Air Mobility, a reference in the development of next-generation Urban Air Mobility (“UAM”) solutions, announced a definitive business combination agreement with Zanite Acquisition Corp. After the... more
AirlinesEU CJ. Planes: flight cancelled where the operating carrier brings it forward by more than one hour
The Court of Justice specifies the conditions
The Landgericht Korneuburg (Regional Court, Korneuburg, Austria) and the Landgericht Düsseldorf (Regional Court, Düsseldorf, Germany) have before them a number of disputes between, on the one hand, air p... more
Finance and economyA loan for the construction of a cruise ship signed
By Fincantieri, Intesa Sanpaolo and CdP for EUR 300 million
Fincantieri has signed the first sustainability-linked constructionloan with bank Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositie Prestiti for a maximum amount of 300... more
Civil aviationIreland: tender for Sar helicopters
A 800 million Euros service for Irish Coast Guard
The Irish Government has recently published a new 800 million Euros tender for the national Coastguard's Search and Rescue (Sar) helicopter service. The successful bidder will sign a contract with the... more
Civil aviationArab investors exit from Russian Helicopters
The collaboration continues in other companies for aircraft and drone development
Russian Industry and Trade Minister Denis Manturov announced officially the withdrawal of Arab investors from the capital of the Russian Helicopters company yesterday. However, the UAE's Tawazun holding... more
Finance and economyLeonardo: signing of an ESG-linked Term Loan Facility
For an amount of € 600 million, with maturity in 2027
Leonardo yesterday signed a new ESG-linked Term Loan Facility, with a club of domestic and international banks, amounting to € 600 million with a maturity of 5 years and expiring at the beginning of 2... more
DefenseUS considers sending military helicopters to Ukraine
These would include a dozen Black Hawks and other armaments
The US government is considering the possibility of transferring to Ukraine a fleet of helicopters and other military equipment decommissioned from Afghanistan. It is a measure aimed at strengthening Kiev's... more
AerospaceRussian agency Roscosmos increases revenues
This was stated by dg Rogozin. It is aimed at space tourism
Russia's federal space agency Roscosmos and its divisions in 2020 recorded a cash inflow of 4 billion Euros. This is an important figure that reflects the new ambitions of the Kremlin, which has revived... more
AirlinesAirplanes. Iberia pays 75 million to Air Europa
Compensation for non-merger. Within February new proposal
An agreement signed in 2019 between the aviation group International Airlines Group (Iag) -which controls the Spanish air carrier Iberia- and the company Globalia -which controls the Iberian airline Air... more
Civil aviationRussian firefighting helicopters in China in 2022
They are 4 Kape aircraft, South Korea also interested
The Russian manufacturer Kumertau Aviation Production Enterprise (Kape), controlled by the State-owned Russian Helicopters, in 2022 will deliver four more Ka-32A11M helicopters to China, which will use... more
AirportsNew terminal for "JFK" Airport in New York
Public-private investment of 9.5 billion dollars
New York's "John Fitzgerad Kennedy" International Airport will have a new terminal consisting of 24 gates, totaling 2,4 million square feet. The facility will be built in stages on the existing Terminals... more
AirlinesPlanes and carriers. Iberia-Air Europa seek alternative to merger
Iag and Globalia will have to find agreement with State and financiers
Spanish carriers Iberia and Air Europa are looking for an alternative after their recent failed merger. The latter was supposed to lead to the creation of one of the largest European airlines. Certainly... more
AerospaceAerospace company Ariane announces 588 dismissals
French company is facing strong competition and numerous challenges
French aerospace company Ariane will fire 588 people by the end of 2022, including 527 in France. Among the latter 264 cuts concern the three sites in the Gironde region of France: Le Haillan (75 redundancies),... more
Finance and economyUAE suspends talks on F-35 aircraft
Between geopolitical vetoes and differences on mutual purchase conditions
The United Arab Emirates officially announced in recent hours they will suspend talks with the US government for the purchase of 50 F-35 warplanes made by the US Lockheed Martin. The order would have been... more
AirlinesBritish Airways returns to Gatwick in March 2022
Euroflyer airline tickets to 35 destinations
The national air carrier of the United Kingdom, British Airways, officially announces that in March 2022 it will return to permanently operate short-haul flights at London-Gatwick airport. It will make... more
DefenseFinland chooses F-35 warplanes
Kaikkon (Defense minister): "Military performance best meets our needs"
Finland announced that it has chosen the F-35A Lightning II warplane from US-based Lockheed Martin to renew its fleet. The order by the Helsinki government covers 64 aircraft at a cost of 8.4 billion Euros.... more
CargoAir cargo costs soar to record high
Doubled prices per kilo of goods coming from Asia to Europe and North America
Around the world, air freight costs are rising to record high. As companies prepare to meet growing demand in the run-up to Christmas, they are facing with prices that have nearly doubled. That's what's... more
DefenseUS Navy commissions 7 CH-53K military helicopters
New order worth 31.2 million Euros
The US Naval Air Systems Command has asked American manufacturer Sikorsky -a subsidiary of Lockheed Martin- to build 7 new CH-53K King Stallion heavy military helicopters with integrated avionics systems.... more
AirlinesAircraft. Cash injection on air carrier Virgin Atlantic
468 million Euros to counter possible losses triggered by Omicron variant
The founder of British airline Virgin Atlantic, Richard Branson, has provided a cash injection of 468 million Euros to support the airline. The decision comes at a time when the outlook for the airline... more
AirportsFraport traffic figures in November: positive passenger trend continues
Slowdown expected for December due to pandemic
Frankfurt Airport (FRA) welcomed some 2.9 million passengers in November 2021. This represents an increase of 341.5 percent year-on-year, albeit compared to a very weak November 2020. FRA’s continued t... more
DefenseAustralia: primacy in the purchase of armaments
A one billion dollar agreement with South Korea
Australia has signed the largest ever agreement with an Asian ally for the purchase of armaments. It is South Korea, from which it will buy dozens of artillery vehicles. Confirmation came today with the... more
Finance and economySerbia will buy 29 military helicopters
It was announced by the president Republic Aleksandar Vucic
Serbia will purchase 29 military helicopters in the next two years to be used by the local Army. The order is composed by 11 twin-engine H-145 Cobra produced by the European Airbus Helicopters, 4 Mi-35... more
AirlinesAir France-Klm redeems 500 million euros of debt
Now the group aims at raise new capital
The Franco-Dutch group Air France-Klm redeemed 500 million Euros that were part of a previous State bank loan worth 4 billion Euros guaranteed by the Paris government to help the airline deal with the... more
AirlinesAircraft. Carriers meet climate commitments
United Airlines invests in Saf, start-ups and electric airtaxi
The global air transport industry is accelerating its progress on the environmental front. First of all, they are fulfilling the commitments made in October at the "Cop 26" summit -organized by the United... more
AerospaceCompany will sell diamonds sent into space
A new frontier in the commercialization of cosmos
Clothing, flags, photographs, now even diamonds. The British company The Space Collective, specialized in the sale of objects that have been in space, plans to send these precious stones aboard the International... more