Finance and economy
3,190 news found
DefenseSaudi Arabia has few missiles
Appeal to US and European allies to defend against Houthis
In recent months Saudi Arabia recorded a dozen weekly attacks with ballistic rockets and drones. The perpetrators are the Houthi guerrillas deployed in Yemen, who accuse them of having formed an alliance... more
Civil aviationHelicopters: Russians look at artificial intelligence
Study commissioned by State-owned company
The Russian company Russian Helicopters has commissioned a study on artificial intelligence to evaluate the possibility of developing an AI-controlled aircraft, able to fly autonomously. The goal of the... more
AirlinesTransatlantic and European air travel collaps
Restrictions on Omicron variant hit industry recovery
In the last week of November, bookings for transatlantic flights from the United States to Europe dropped 55 percent from the previous week. This is the first clear consequence of the flurry of new travel... more
DefenseFinland towards F-35 military aircraft
Eurofighter, Gripen and Rafale also in competition
Finland's Air Force is facing the task of replacing 64 F-18 C/D aircraft produced by ex-US manufacturer McDonnell Douglas, acquired by Boeing. The government's evaluation team is reportedly looking at... more
Finance and economyNew world record for weapons trade
The Report of the International Peace Research Institute of Stockholm
According to the latest report of the Stockholm International Peace Research Institute (Sipri) in 2020, the sale of armaments marks a new world record. The turnover of the 100 largest arms manufacturers... more
DefenseRussia and India sign military agreement
Contract reached during Putin's visit to New Delhi
Russia and India yesterday signed an agreement on military-technical cooperation. The understanding was reached during the visit of President of the Russian Federation Vladimir Putin to New Delhi, where... more
DefenseUAE (2) buy 12 military helicopters
It's the H-225M "Caracal"; acquired services and armaments
The Government of the United Arab Emirates has bought 12 H-225M "Caracal" military helicopters of European production. This purchase is linked to the contract stipulated with Paris, which also includes... more
DefenseUnited Arab Emirates purchase 80 Rafale military aircraft
Deliveries will begin in 2026 and last until 2030
The Government of the United Arab Emirates has purchased 80 Dassault Rafale F4 military aircraft. The contract, signed between Paris and Abu Dhabi, worth more than 16 billion Euros and also includes the... more
DefenseCanada says no to Boeing for 88 warplanes
US manufacturer ruled out. Lockheed Martin and Saab still at stake
The Canadian Government has started a modernization program with the aim to replace the aging fleet of aircraft in the world's tenth largest economy. The deal worths about 10.3 billion Euros to provide... more
DefenseNew Zealand against killer robot
Decision to prevent uncontrolled spread of weapons across the border
The government of New Zealand announced it would accelerate the international ban on autonomous weapons systems such as killer robots in recent days. A choice that places the country among the most influential... more
AerospaceNasa-private agreement for commercial space stations
The contract worth about 367 million Euros
The US National Aeronautics and Space Administration (Nasa) entered into a major agreement with three aerospace companies for the development of future commercial space stations. The contract worth approximately... more
DefenseIsrael sell armed drone aircraft to Morocco
A Tel Aviv-based company turns over 19 million euros. Many civilian casualties
Israel and Morocco have recently sealed in Rabat, capital of the North African country, an important agreement of military cooperation, on which some indiscretions are beginning to emerge. First of all,... more
AerospaceStarlink could bring internet to planes in 2022
Request for satellite connection forwarded to Federal Communications Commission
Confirmed the negotiations between the US aerospace company Starlink of Elon Musk and some airlines that would like to implement on their planes the satellite internet connection service. The company has... more
DefenseEU. Question on European defence acquisitions
The case of the Franco-German KNDS bid for the purchase of Leonardo’s OTO Melara and Wass
"Parliamentary questions 17 November 2021 Question for written answer E-005152/2021 to the Commission Rule 138Anna Bonfrisco (ID), Marco Campomenosi (ID) Subject: European defence acquisitions: the case o... more
Finance and economyIsrael authorizes purchase of new military helicopters
A 2.1 billion Euro plan for CH-53Ks
The Israeli Government has approved in these days a 2.1 billion Euro purchase plan for 10-15 Sikorsky CH-53K King Stallion helicopters developed by the subsidiary of the US group Lockheed Martin. This... more
Civil aviationOnly 10% companies well prepared against cybercrime
It emerges from a research conducted by a consulting firm
Cybercrime is at the top of the list of companies' main risks. This is what emerges from an analysis conducted by Kpmg, an Anglo-Dutch multinational that offers consultancy to companies. Experts calculated... more
Civil aviationAircraft. Russian industry towards independence from the West
At the "Dubai Airshow" the Irkut MC-21 airplane for the first time with Soviet engines
At the "Dubai Airshow", the international aviation fair which ended a few days ago, the most attentive observers interpreted a signal as the will of the Russian aviation industry to increase its efforts... more
AirlinesIta Airways Chiefs in France to purchase Airbus aircraft
The agreement for 28 airplanes worth 4.4 billion Euros
Executives from the newly national airline Ita Airways will be in France today to purchase new Airbus aircraft with which they will renew the airline's fleet. The memorandum of understanding concerns 28... more
Civil aviationAirbus and Boeing focus on flights demand
Air travels resume, but there would be a risk of overproduction
Analysts of US aircraft manufacturer Boeing and European aircraft manufacturer Airbus predict that the economic damage inflicted by the pandemic will no longer be the focus of concern. That place is now... more
Finance and economyGeneral Electric bets on aviation
This emerges from the split into three companies announced for 2024
The US company General Electric announced in recent days that starting from 2023 the group will progressively divide into three independent companies, each listed on the stock exchange: aeronautics, energy,... more
Finance and economyFincantieri. BoD approves 9m 2021 results
Total backlog at EURO 36 Billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at September 30, 2021. Consolidated 9M 2021 results2021 guidance fully... more
AccidentsBoeing recognizes responsibility for the plane crash in Ethiopia
In 2019 an Ethiopian Airlines B-737 Max crashed killing 157 people
New developments for the plane crash of 10 March 2019. The US aircraft manufacturer Boeing admitted its responsibility for the disaster occurred in Ethiopia, when an Ethiopian Airlines B-737 Max aircraft... more
Civil aviationGeneral Electric divides itself into three companies
Health, Energy and Aeronautics. The decision becomes effective in 2023
The US multinational conglomerate founded in 1892 -active in the fields of technology and services for the aviation, energy, renewables, digital, armament production, locomotives and finance- splits itself... more
AirlinesAircraft. Carriers are urgently looking for pilots
Due to increased demand for travel and cuts made during the pandemic
The US air carriers have started a wild race for the pilot hiring, who are going to sit in planes that, after being parked on the ground for tens of months due to the pandemic, have returned to operate... more
AirportsSydney Airport towards sale
The BoD agrees to USD 17.5 bn buyout deal
The Board of Directors of Kingsford Smith International Airport in Sydney, Australia, has announced that it has agreed to USD 17.5 bn buyout deal from a national consortium of local investors. The BoD... more
Finance and economyLeonardo BoD: nine months results
ATR, Airbus and other programmes improving, while B-787 is still affected by the pandemic -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results of the first nine months 2021.Alessandro Profumo, Leonardo CEO,... more
Civil aviationAustralia: air taxi and vertiport by 2032
The government wants them ready for the Olympic Games in Brisbane
Australia has announced that it will develop a new urban mobility system in view of the "Olympic Games" in Brisbane in 2032. The construction project consists of a series of vertiports and small urban... more
AirportsAutogrill signs a financing agreement
For one billion Euros for five years
Autogrill SpA announced yesterday the signing of a 5-year multi-currency, medium-long term cash financing agreement for a maximum total principal amount of one billion euros with a pool of primary banks.The... more
Civil aviationAircraft and helicopters. Airbus reports nine month (9m) 2021 results
The highlights - ATTACHMENT
Airbus reports Nine-Month (9m) 2021 results.The highlights:424 commercial aircraft delivered in 9m 20219m financials reflect deliveries as well as efforts on cost containment and competitivenessRevenues... more
Civil aviationAirplanes and helicopters. Boeing reports 3Q results
The highlights
Boeing reported third-quarter results.The highlights:Continued progress on global safe return to service of 737 MAX aircraft and focus on operational stabilityRevenue of $15.3 billion, GAAP loss per share... more
AirportsIata. Infrastructure costs increasing $ 2.3 billion in a crisis
They will stall recovery in air travel and damage international connectivity
The International Air Transport Association (IATA) warned that planned increases in charges by airports and air navigation service providers (ANSPs) will stall recovery in air travel and damage international... more
Finance and economyALA SpA: BoD approves results as at 30 June 2021
Net financial position in constant improvement; profitability grows
Ebitda of € 7.5 million (+ 7.8%); Ebit of € 6.4 million (+ 12.9%); Pre-tax profit of € 5.2 million (+ 22.3%) more
AirlinesAeroflot Group: operating results for August 2021
Key highlights and aircraft fleet update
Aeroflot announced Aeroflot Group operating results for August and 8M 2021.Key highlights of August 2021:Aeroflot Group carried 5.5 million passengers, 50.3% up year-on-year and 10.9% down vs. 2019;4.5... more
AirlinesLufthansa Group: capital increase to strengthen balance sheet
And to enable the early repayment of stabilization measures in Germany
The global rollout of vaccinations supports customers’ confidence to fly and facilitates the further lifting of travel restrictions. Lufthansa is well positioned to take advantage of the resulting rebound i... more
Finance and economyAirbus joins DAX stock exchange index in Germany
Effective today
Airbus has become a member of the new DAX40 index in Germany, effective today.On 3 September 2021, Deutsche Börse completed the expansion of the DAX from 30 to 40 companies as part of a comprehensive... more
Finance and economyThales confirms all its financial targets
As announced last month
Thales takes note of the decision by the Australian authorities to acquire a fleet of nuclear-powered submarines in the framework of a new strategic security partnership with the United States and the... more
Civil aviationFAA awards USD100M to develop Next Generation of Sustainable Aircraft Technology
It is part of steps Presidente Biden is taking to coordinate innovation
The US Department of Transportation’s Federal Aviation Administration (FAA) has awarded more than $100 million for companies to help develop technologies that reduce fuel use, emissions and noise. The a... more
Civil aviationAircraft. Boeing forecasts $9 trillion aerospace market opportunities
In commercial, defense and services over next decade
Boeing today released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry's recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook... more
Civil aviationRR agrees to sell stake in AirTanker Holdings
To Equitix Investment Management Limited
Rolls-Royce announces the agreed sale of its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189m, including the repayment of shareholder... more
AerospaceAvio: first half 2021 results
Vega returned to flight with two missions -ATTACHMENT
The Board of Directors of Avio SpA, reference aerospace company listed on the STAR segment of the Italian Stock Exchange, today reviewed and approved the HY 2021 results.The highlights:Continuity of operations... more
AirlinesState aid. European Commission finds new carrier ITA is not Alitalia's economic successor
And Italy's capital injections into ITA are market conform
The European Commission has found that Italia Trasporto Aereo SpA (“ITA”) is not the economic successor of Alitalia and, hence, it is not liable to repay illegal State aid received by Alitalia. It als... more
AirlinesEuropean Commission concludes Italian loans to Alitalia are illegal aid
Worth €900 million
The European Commission (EC) has concluded that two State loans for an amount of €900 million, granted by Italy to Alitalia in 2017, are illegal under EU State aid rules. Italy must therefore recover t... more
AirlinesEasyJet announces a 1.4 billion euros capital increase
The carrier wants to recover from the drop in traffic caused by the pandemic
EasyJet announces a 1.2 billion pounds (1.4 billion euros) capital increase to recover from the pandemic. At the same time, the low-cost company will activate a new four-year senior secured revolving credit... more
AirlinesAirplanes and carriers: merger of Korean Air-Asiana authorized
Awaiting the green light from foreign authorities including Europe, UK, Australia, China and USA
The Civil Aviation Authorities of Malaysia (CAAM) have authorized the merger between Korean Air and Asiana Airlines. This was reported by the information site "Flightglobal.com". For now, no official confirmation... more
AirlinesAir New Zealand announces 2021 financial results
The data continue to have Covid-19 impacts
Air New Zealand has announced 2021 financial results.SummaryOperating revenue of $2.5 billion, down 48 percent on the prior yearCargo revenue up 71 percent on the prior yearLoss before other significant... more
AirlinesQantas Group: significant loss from full year of Covid
The hightlights
Qantas Group published today financial results that recorded significant loss from full year of COVID.The highlights are: Underlying Loss Before Tax: $1.83 billionStatutory Loss Before Tax: $2.35 billion$12... more
Finance and economyEmbraer aircraft: 2Q2021 results
The industry delivered 14 and 20 jets
Embraer earnings results 2nd Quarter 2021.Highlights • The industry delivered 14 commercial jets and 20 executive jets (12 light/8 large) in 2Q21, bringing the year-to-date deliveries to 23 commercial j... more
AirlinesPlanes and carriers. Virgin Atlantic's IPO is approaching
It was already close almost a year ago
Richard Branson continues to stay on the crest of the wave. After the first space tourist trip in orbit with his Virgin Galactic (read also the article published by AVIONEWS), in the last few hours there... more
AirportsTibet inaugurates the region's largest airport terminal
Beijing's infrastructure investments continue
Tibet continues to be the ideal region for enhancing air transport. In the last few hours, the newly built terminal 3 of Lhasa-Gonggar airport has been opened, not a simple infrastructure (read also the... more
AirlinesTui unifies five aeronautical divisions in a single Group
Previous management entailed high economic costs
Tui, a German Group active in the tourism sector, has decided to unify its management in a more logical way. The latest move was to unify the five aeronautical companies with which it usually operates... more