Finance and economy
3,225 news found
AirlinesPlanes and carriers. EC approves Italian aid measure to compensate Alitalia
For further damages suffered due to coronavirus outbreak
The European Commission (EC) has found that an Italian aid measure of €39.7 million to support Alitalia is in line with EU State aid rules. This measure aims at compensating the airline for the damages s... more
AirlinesPlanes. Saudi Arabia wants to create a new carrier
Aim is to diversify the economy beyond oil
Saudi Arabia is seriously thinking about the creation of a new airline, a flag carrier that would become an integral part of a much larger plan of the Asian Kingdom in terms of local infrastructure (not... more
AirlinesAirplanes and carriers. EU's doubts about Iberia-Air Europa deal
Brussels launched a formal investigation into the takeover
The European Commission wants to see clearly about the acquisition of the Spanish airline Air Europa by another company from the same country, Iberia. In fact, in the last few hours, the investigation... more
AirlinesUnited Airlines expands fleet with 270 new planes
Both Airbus and Boeing: it's the largest order in its history
Air carrier United Airlines has made it known in the last few hours that it has completed an order for 270 planes, to be precise both Airbus and Boeing (read also the article published by AVIONEWS). For... more
AirportsChina, Chengdu-Tianfu airport begins operations
It will handle an annual flow of 60 million passengers
Yesterday, Sunday June 27, 2021, the Chengdu-Tianfu International Airport officially began its commercial operations, a highly anticipated moment for the Chinese air transport sector (read also the article... more
AirportsUSA: 1,200 billion dollars plan for airports, railways and roads
President Biden's announcement on Twitter
The latest announcement from the White House suggests a maximum infrastructure investment plan. As US President Joe Biden explained through his Twitter account, the country is preparing to experience a... more
AirlinesDelta Air Lines looking for over a thousand new aircraft pilots
American carrier recruiting campaign
Almost two percentage points earned on the stock market and just under $ 46 of economic value for what concerns the equities. These are the financial consequences of the recruiting plan of the air carrier... more
Civil aviationNext Generation EU: EC endorsed Italy's recovery and resilience plan
For EUR 191,5 bn
The European Commission has yesterday adopted a positive assessment of Italy's recovery and resilience plan. This is an important step towards the EU to disbursing €68.9 billion in grants and €122.6 bil... more
AirportsGreece, new measures for people arriving at the airport
Quick covid test will be considered valid for disembarking
Summer officially began today, Monday June 21st, 2021, and there are not a few nations that are looking with extreme interest to the hottest season of the year to revive the domestic economy. A clear example... more
AirlinesAssoutenti: "Air carriers have monetized covid fears"
Association survey on recent tariff policies
Assoutenti, association for the protection of consumers, information activities, social solidarity and protection of civil rights, consumer education, conducted a survey on the rates charged by the main... more
AirlinesAir carriers. Lufthansa will return state aid by September
The promise of CEO Carsten Spohr
Air carriers all over the world are not equipped with lungs, but everyone is confident in this period in a breath of fresh air. Lufthansa is a clear example of this. Carsten Spohr, managing director of... more
AirportsAci Europe. Airport financial stress and investment crunch call for regulatory revamp
The analysis during Airport Economics Symposium of today
Systemic financial weakness across Europe’s airport industry will result in an investment crunch with far reaching consequences for decarbonisation, consumers, businesses and regional communities across t... more
Civil aviationPlanes. Airbus and Boeing withdraw their mutual cross complaints
Dispute concerns US and EU customs duties
In the last few hours, the European Union and the United States have announced a five-year truce to resolve once and for all a long-running conflict that has to do with the aeronautical industry, the one... more
AerospaceBlue Origin mission, $ 28 million after first flight auction
An unknown person won last seat
A passenger seat that could not fail to cost a significant amount. The mission that will have as main protagonist Jeff Bezos, founder and number one of the e-commerce portal Amazon, one of the richest... more
AirlinesLufthansa's proposal for an alliance with ITA
Three main requests from the German carrier
There are basically three pivots in the proposal of the air carrier Lufthansa for a successful partnership with Ita (Italy air transport). The two companies have often been associated in the same news... more
AirportsParis airports employees ready to strike in July
Unions ask for five days of demonstration
French trade unions are very angry in relation to air transport: the request of the local unions is that of a five-day strike in the course of next July, as part of the negotiations concerning the country's... more
AirportsAutogrill Group: results for the four months 2021
New openings at airports in North America
The Board of Directors of Autogrill SpA, which convened today, reviewed and approved the consolidated revenue performance for the four months ended 30 April 2021.30 April 2021 results YTDRevenue: €530.7m (... more
AirlinesAircraft. Walsh (Iata): "Carriers will become smaller"
President believes in the competitiveness of the sector
Willie Walsh, number one of Iata (International Air Transport Association), released today, Monday May 24, 2021, a television interview in which he spoke, as was inevitable, of the air transport of the... more
AirlinesITA, agreement between Rome and Brussels is closer
Aircraft fleet and personnel are the two crucial points
The actual agreement does not exist yet, but a minimum of optimism is filtering out on the ITA (Italy air transport) carrier, which is still struggling to take off. The agreement with Brussels has not... more
AirlinesAircraft and airlines. The debut of Play, new Icelandic carrier, is approaching
It will take over from Wow Air
More than two years have passed since the carrier Wow Air decided to cease its operations (read also the article published by AVIONEWS). Iceland wanted to focus on a top-level low-cost company, it is a... more
Finance and economyLeonardo: how will the Italian Government take sides in the assembly against Profumo?
The domain of appointments starts from the company
Tomorrow, on Wednesday May 19 could become a historic date for Leonardo. The shareholders' meeting gathers and there are already those who speak of "high noon". Guns aimed at Alessandro Profumo: by now... more
AirlinesRyanair reports full year loss of EUR 815 million
As traffic falls 81% due to Covid-19 travel restrictions
Ryanair Holdings plc today (17 May) reported a full year loss of €815m (excl. hedge ineffectiveness), compared to a PY profit of €1,002m. Features of FY21 included:FY21 traffic fell 81% from 149m to 27.... more
Finance and economyFincantieri: BoD approves 1Q2021 results
Total backlog at Euro 34.4 billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the interim financial information at March 31, 2021.Consolidated Q1 2021 results2021 guidance confirmed:... more
AirlinesIta, negotiations with EU are still stalled
Two weeks from Vestager appeal
When it's necessary thinking of a recurring word that accompanies the updates relating to the air carrier Ita (Italy air transport), “stall” immediately comes to mind. In fact, negotiations with the Eur... more
AirportsAir taxi, Guardia di Finanza discovers one million euros not paid
265 companies did not pay dues in Cagliari
Today, Thursday May 13, 2021, the Guardia di Finanza of Cagliari has completed an important operation that has uncovered almost one million euros of unpaid taxes for what concerns the transport of passengers... more
AirlinesAlitalia, Brussels approves economic aid of 13 million euros
For the damage suffered after the pandemic
Brussels has officially approved the economic aid of our country towards the air carrier Alitalia in extraordinary administration as regards the compensation for the damages suffered due to the coronavirus... more
AirlinesIsrael launches economic aid plan for aircraft
For El Al Airlines and Israir
Israel has not forgotten the difficulties of its air transport. Despite the good data recorded by Tel Aviv's "Ben Gurion" airport, the Middle Eastern country still has to deal with the crisis in the sector... more
AirlinesIATA. "Irresponsible" rise in Spanish airport charges
It will damage economic recovery and jobs
The International Air Transport Association (IATA) warned that proposals by AENA to increase user charges at the 46 airports it operates across Spain could damage Spain’s economic and employment recovery f... more
AerospaceLeonardo BoD approved results of 1Q2021
Order intake of € 3.4 billion -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved results of the first quarter 2021. The highlights: Results in line with our... more
AirlinesAircraft. Dassault Aviation up on stock exchange after order with Egypt
30 Rafale fighters for the African nation
An important rise in the stock market that was easily predictable in light of the latest announcements. Dassault Aviation, a French aeronautical company that deals with the design and production of aircraft,... more
AirlinesAircraft. 90 new carriers will be born by the end of 2021
The latest updates on the industry
The air transport crisis is chronic due to the coronavirus pandemic, although there are still some encouraging signs. As reported in the last hours by the Spanish media, in fact, in this 2021 there were... more
AirlinesAircraft and carriers. Portugal becomes Iberia's plan B
In Summer, the focus will be short range
Even plans that may seem perfect must have a viable alternative. It is for this reason that the air carrier Iberia is carefully evaluating the proverbial "plan B". What is it specifically about? The Spanish... more
AirlinesWizz Air, Varadi attacks unions: "They are harmful to our profits"
Controversial CEO interview
If the intent was to "conquer" new enemies, the CEO of the low-cost airline Wizz Air, Joszef Varadi, has succeeded very well. Although the image of the company has not come out at all well from the latest... more
Civil aviationAirplanes and helicopters. Airbus reports 1Q 2021 results
125 commercial aircraft delivered in a market environment that remains uncertain
Airbus reported consolidated financial results for its First Quarter (Q1) ended 31 March 2021.The highlights are:125 commercial aircraft delivered in a market environment that remains uncertain Strong... more
AirlinesAircraft and airlines. Colombia opens an investigation against 26 carriers
About various contractual clauses
Colombia has decided to focus its attention on 26 air carriers of different nationalities for a very specific reason: the clauses included in the contracts by these companies have damaged the passengers.... more
AirlinesAircraft and carriers. Lufthansa gives in to pressure and saves Condor
The end of the agreement was recently announced
Rivals, but until a certain point: air carrier Lufthansa, already struggling with its financial problems, succumbed to pressure keeping Condor, a German leisure company alive. In recent months there was... more
Finance and economyAircraft. Saab’s results January-March 2021
Continued good order and sales growth -DATA SHEET
Saab presents the results for January-March 2021.Key highlights Q1 2021Order intake up 22%, strengthening position in strategic markets.Sales growth of 13%, supported by a solid order backlog and activity... more
AirlinesCJ EU: mere diversion of a flight to a close-by airport does not grant a right to flat-rate compensation
The carrier must offer the passenger to bear the cost of transfer either to the destination airport for which the booking was made
An Austrian Airlines passenger is seeking from that air carrier flat-rate compensation of € 250 for the diversion of his flight between Vienna and Berlin. While the flight was initially supposed to land i... more
AirportsThree new airports will be built in Tibet
Infrastructure investments in the region are increasing
In the autonomous region of Tibet, preparations are underway to increase infrastructural availability (read also the article published by AVIONEWS). The growing trend was also recorded in recent months,... more
AirportsPrimoco UAV will make a secondary share offering
The Czech company plans to raise up to CZK 170 million for further growth
Primoco UAV, the Czech manufacturer of unmanned aerial vehicles, has today launched a secondary share offering of a total of 655,300 new shares, which corresponds to more than 13% of the company's capital... more
AirlinesCarriers. Delta Air Lines announces March quarter 2021 financial results
Could be reached in 2021
Delta Air Lines reported yesterday financial results for the March quarter 2021 and provided its outlook for the June quarter 2021. March Quarter Financial Results Adjusted pre-tax loss of $2.9 billion ex... more
AirportsFrankfurt Airport, passengers down in March
The comparison on annual basis has been hard
In March 2021, passenger traffic at Frankfurt Airport (FRA) continued to be severely impacted by the Covid-19 pandemic. Serving 925,277 passengers in the reporting month, FRA posted a 56.4 percent decline... more
Civil aviationAircraft. Boeing forecasts sufficient capital for aviation finance
According to the Cafmo 2021, the first published since 2019
Boeing projects global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate.The... more
AirlinesRyanair-Finnair. EU JC: Finland’s guarantee in favour of the airline Finnair is compatible with EU law
To help it obtain a loan of €600 million to cover its working capital requirements following the pandemic
The guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of Finnair for that economy more
AirlinesIta, Brussels sends letter with 40 points to be clarified
EU and carrier are still in talks
The comparison between the European Union and the air carrier Ita (Italy air transport) does not seem to have an end. In the last few hours, the EU Commission sent a letter to the Newco, 8 pages with 16... more
Finance and economyFincantieri: shareholders' meeting approves 2020 financial statements
Closed with a profit of EUR 963,328.57
Fincantieri SpA held its ordinary Shareholders’ Meeting today in Trieste on a single call. In consideration of the COVID-19 health emergency and taking into account the regulatory provisions issued for... more
DefenseMBDA: innovation for growth
The industry showed strong resilience in 2020 despite the global pandemic
MBDA showed strong resilience in 2020 despite the global pandemic. Revenues were at €3.6 billion in 2020, with a 50:50 split across domestic and export customers. Order intake during 2020 was €3.3 bil... more
AirlinesAircraft and carriers. New State aid for Air France is getting closer
Brussels is considering selling of slots
State aid to air carriers has been a constant for some time now and with the crisis triggered by the coronavirus pandemic they have increased dramatically. A clear example of this is Air France, a company... more
AirportsChina. Shenzhen airport returns to pre-covid levels
The flow of passengers is increasing
Air transport at Shenzhen-Bao'an international airport in China is returning to levels that can be defined as normal. As reported by local media in recent hours, the Asian airport was affected by a flow... more
AirlinesNew measures for the restructuring of Austrian Airlines
Carrier aims to reduce its fleet
It's time for restructuring for Austrian Airlines. The Austrian company is perfecting, week after week, its plan which is about to go live. In particular, the most complicated months of the health emergency... more