Finance and economy
3,225 news found
CargoChina strongly believes in the "aerial" Silk Road
Airlines have great potential in this regard
A Silk Road of the skies: this is the project in which China believes with great conviction, so much so that it speaks extensively of "Aerial Silk Road" as a strategy for relaunching the domestic economy.... more
Finance and economyFincantieri: the BoD approves 9M 2020 results
100th cruise delivered -ATTACHMENT
Total backlog fully preserved at EURO 36.8 billion more
AirlinesAlitalia-ITA, first official air carrier board concluded
There will be another one next November 20th
A lot of waiting, a sensational delay and finally the first Board of Directors (BoD). Yesterday, on Thursday November 12nd, 2020, the first board of directors of the carrier Alitalia-ITA (Italia Transportation... more
AirlinesCarriers. Thai Airways seeks buyers for unsold goods
These products were used on board
Reinventing: this may be one of the watchwords that the international airline industry must make its own at the time of the coronavirus. The Thai Airways carrier seems to be at the forefront, as evidenced... more
Civil aviationAircraft. Embraer: 3Q2020 results
The highlights
Embraer unveiled today the results in the 3rd quarter of 2020.The highlights are: the company delivered 7 commercial jets and 21 executive jets (19 light / 2 large) in 3Q20, and the Company’s firm order ba... more
AirlinesIATA: airlines and workers call for urgent Government assistance
To prevent jobs catastrophe
The International Air Transport Association (IATA) and the International Transport Workers’ Federation (ITF) issued a joint statement calling for urgent government intervention to prevent an employment c... more
AerospaceLeonardo's Board of Directors: results at 30 September 2020
Positive and effective management in response to the pandemic; strong financial position -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results at 30 September 2020.Results at 30 September 2020Successfully and... more
AirlinesCarriers, Wizz Air optimistic: "Recover in a year"
CEO Varadi is sure to return to pre-covid levels
The period we are experiencing is complex, it is not even clear what will happen in 24 hours, yet low-cost airline Wizz Air is confident about what will happen in exactly twelve months (read also the news... more
AirlinesAlitalia, over one billion losses in 2020?
Numbers refer to the "old" carrier
One billion Euros: these are the estimates put in black and white today, Thursday November 5, 2020, by newspaper “Sole 24 Ore” regarding the losses that Alitalia could report during 2020. The year wil... more
AirportsEuropean airports set out plan for urgent EU and Government support
As financial crisis worsens
ACI EUROPE today called on the European Commission to urgently adopt an EU Recovery Framework for Aviation and for Governments to provide the requisite funding to support airports - and the recovery of... more
Finance and economyItalian Customs and Monopoly Agency. AVIONEWS interviewed Minenna and Zucchini
Both were in Genoa during "60th Boat Show" - VIDEO
During "60th Genoa Boat Show", AVIONEWS interviewed two key-people of Agenzia delle Dogane e Monopoli (Italian Customs and Monopolies Agency), general director Marcello Minenna and Interregional Director... more
AirlinesAircraft. Lufthansa Group: 3Q2020 results
And the data of the nine months of this year
Lufthansa Group reported results of the third quarter 2020.The highlights are:Liquidity of EUR 10.1 billion available, of which EUR 6.3 billion are unutilized stabilization measuresOngoing strong performance... more
AerospaceProfumo: "smell" of resignation
Tomorrow's Board of Directors could be the last for Leonardo's CEO
It will be an incandescent Board of Directors the one convened in videoconference tomorrow, on Thursday November 5, 2020 at 5:30 pm. Leonardo's board meets with the stock market closed, but on the table,... more
AirlinesAirplanes and carriers, KLM pilots accept salary reduction
Unions found the decisive agreement
Unavoidable cuts: even air carrier KLM Royal Dutch Airlines has to deal with the crisis triggered by the coronavirus pandemic (read also the article published by AVIONEWS) and its employees are forced... more
AirlinesFraport Group: first nine months 2020
Frankfurt Airport’s passenger decline expected to exceed 70% for full-year
During the first nine months of 2020, Fraport AG’s financial performance was severely impacted by the Covid-19 global pandemic. The Group’s revenue declined by more than a half in the reporting period. Des... more
AirlinesAirplanes and carriers, Iberia and Vueling savings thanks to Erte
This system allows both to make employees work less
About 35 million euros would be saved every month by two Spanish carriers, specifically Iberia and Vueling, thanks to the latest measures that have affected employment (read also the article published... more
DefenseLeonardo: Alessandro Profumo is surrounded
He's focusing on hi-tech but Leonardo stock is at its lowest in five years, € 4 per share
The tsar is surrounded. Not only the voices for the resignation of Alessandro Profumo as CEO of Leonardo are increasing, even the stock market share seems not to comfort him. Does that market to which... more
AirlinesQantas-American Airlines, joint-venture extended until 2026?
Both carriers want to renew the partnership
Other five years: this is the goal that air carriers Qantas, the Australian national airline, and American Airlines would aim for to extend the strategic partnership expiring in 2021 (read also the article... more
AirlinesRyanair reports H1 results
The highlights of this period
Ryanair Holdings plc today (2 Nov.) reported a H1 loss of €197m, compared to a PY H1 profit of €1.15bn. Highlights of this 6-month period include:99% of the fleet grounded from mid-March to end June.Successful retu... more
AirlinesUAE invested 22 billion dollars for Etihad Airways?
Carrier would have benefited from it since 2003
United Arab Emirates (UAE) guaranteed about 22 billion dollars to air carrier Etihad Airways in seventeen years. The figure was revealed in the last few hours by "Bloomberg" agency which cited anonymous... more
AirlinesPlanes. EasyJet (2), CEO Lundgren does not exclude state aid
Low-cost carrier's finances are in trouble
Sincerity, this is the concept that John Lundgren, managing director of the low-cost airline easyJet, adopted in the last few hours (read also the article published by AVIONEWS). Interviewed by the "Reuters"... more
AirlinesRyanair against British lockdown: "It will be a failure"
The words of the CEO of the carrier O'Leary
Lockdown is one of the options that governments around the world have evaluated and could evaluate due to the Covid-19 pandemic. In the last few hours, United Kingdom announced a month of restrictions... more
Civil aviationAirplanes and helicopters. Boeing reports third-quarter results
They continue to be impacted by COVID-19 and the MAX airplane grounding -ATTACHMENT
Boeing reported in the last days its third-quarter resultsThe highlights are: Financial results continue to be significantly impacted by COVID-19 and the 737 MAX groundingProactively managing liquidity... more
AirlinesLow-cost air carriers resisted better to covid
It was revealed by an university study - ATTACHMENT
Coronavirus pandemic literally disrupted any industrial sector, including the aviation sector: in the case of carriers, however, not all have been affected in the same way, as emerged from a study conducted... more
AirlinesRyanair and Aer Lingus farther from Ireland
Both carriers are reducing regional links
The green of Ireland no longer suggests the hope of two air carriers who represent this country well. Low-cost airline Ryanair and Aer Lingus are progressively reducing connections at national airports... more
AirlinesSouth African Airways' rescue plan approved
Carrier will receive half a billion euros
Half a billion euros: amount is considerable, to say the least, but it was deemed appropriate for the rescue of carrier South African Airways (read also the article published by AVIONEWS). Local government... more
AerospaceAirplanes-helicopters. Airbus reports 9m2020 results
The highlights - ATTACHMENT
Airbus reports today nine-month (9m) 2020 results.The highlights are: Global air travel recovery slower than anticipated Cash containment and business adaptation on track9m revenues € 30.2 billion; 9m... more
AirlinesEU rejects Lufthansa appeal: "Low-cost carriers were not favored"
This is the decision of Luxembourg court
The accusations made by the airline Lufthansa against low-cost carriers, Ryanair in the first place, were returned to the sender. The Court of Justice of European Union located in Luxembourg ruled on the... more
DefenseRussia, helicopters to repay debt with South Korea?
Moscow allegedly offered aircraft to Seoul
An hypothesis that is not so far from becoming reality: in the last few hours an important videoconference was held involving Yuri Trutnev, Russian deputy prime minister and envoy on behalf of the Kremlin... more
AirlinesAirplanes and carriers. Air Europa bailout approved
Now Spanish government will have to pronounce
Bailout is served, but another could be needed in six months: Sepi, the Spanish state company that deals with industrial holdings, officially approved in recent hours the plan for restructuring the debt... more
AirlinesCarriers, easyJet reduces pressure selling and leasing planes
Losses as of September 30th should be substantial
Sales and lease-back: these are the two financial strategies that allowed the low-cost airline easyJet to reduce the pressure exerted by the crisis linked to the covid-19 (read also the article published... more
AirlinesAir France-KLM Group, expected losses of 1.3 bn
Analysts anticipated the data that will be released on Friday
Bad news is in the air and financial analysts thought to anticipate them: in two days, Friday October 30, 2020, Air France-KLM Group will publish the data for the third quarter of the year (July-August-September)... more
AirlinesSlovenia continues to believe in a new carrier
Options are different and all possible
Who do we want to dedicate this toast to? All Slovenian citizens ask this in "Zdravljica", national anthem of the Balkan country, but perhaps an answer could have been found: the "toast" for the birth... more
AirlinesPlanes. Ana could lay off 3,500 employees
Japanese carrier is reviewing the business plan
Rising or waning sun? The doubt is legitimate after learning of the latest employment measure of the Japanese air carrier All Nippon Airways, which intends to lay off 3,500 employees within the next two... more
AerospaceLeonardo, why Profumo is still not resigning?
Leonardo CEO is in trouble after bad experiences
What if it was time for the Tsar to fall? The sentence of six years in prison and a fine of 2.5 million euros after the crack of Monte dei Paschi di Siena (MPS) led from 2012 to 2015 puts even an untouchable... more
AirlinesAircraft, Iberia could rely on long haul
North and South America among main connections
“Good flight”: the wish that became the official slogan of carrier Iberia could be pronounced with greater conviction in the coming months after the Spanish media learned of the latest commercial intentions. Acc... more
AirportsDominica is ready to build its first international airport
Caribbean State has only two regional ports
A new airport for Dominica? Prime Minister Roosevelt Skerrit is sure of this, as reported during a press conference organized in the last few hours in which the Caribbean structure was discussed. Government... more
AirlinesPlanes. Vueling-union agreement not to sack drivers
Carrier will rely on temporary economic measures
A small opening among many (too many) news that do nothing but deepen the layoffs of the air sector: Spanish union Sepla and low-cost airline Vueling found the decisive agreement to ensure the future of... more
AirlinesBritish Airways: "Aviation industry may never recover"
Covid-19 scares CEO of British air carrier
The role was recently been assumed, but it certainly cannot be said that Sean Doyle's experience as new CEO of British Airways carrier started with optimism (read also the article published by AVIONEWS).... more
AirlinesUS cargo carriers will have to return 630 million
Request came from one of the congressional committees
American Congress committee that manages the superintendence of aid related to Covid-19 was very clear in recent hours in addressing four cargo carriers. Companies in question will have to repay the federal... more
AirlinesPlanes. Qantas-Vietnam Airlines joint-venture close to end
Both carriers are about to conclude an outgoing agreement
After thirteen years, the time is now ripe to dissolve a joint-venture that reserved important satisfactions for two air carriers: Qantas and Vietnam Airlines are ready to end this long-standing collaboration,... more
AerospaceNew goals of Chinese space industry until 2025
Experts took part in the forum organized in Wuhan
Space industry is one of the priorities of China's future, so much so that the media of Asian country recently reported on the promotion of the development of this sector over the five-year period 2021-2025.... more
AirlinesPlanes. Flybe could fly again in 2021
Bankruptcy was official last March
A year of waiting and then the return, at least this is the promise made public by administrators of Flybe, British low-cost airline that went bankrupt on March 4th due to the health emergency (read also... more
Finance and economySaab: results January-September 2020
In challenging times, the industry has continued to win important contracts
Saab presents today the results for January-September 2020 earlier than previously announced. Strong order bookings and continued internationalisationIn challenging times, Saab has continued to win important... more
AirlinesBritish Airways "leaves" Gatwick in favor of Heathrow
Carrier wants to focus on just one London airport
Gatwick or Heathrow? The doubt is not at the same of Hamlet by William Shakespeare, but British Airways airline reasoned a lot about it. In the last few hours, the final choice arrived and British company... more
AirlinesBritish fund becomes IAG's second largest shareholder
Group controls air carriers such as Iberia and Vueling
International Airlines Group has a new shareholder, the second overall in percentage terms: it is Marshall Wace fund which is based in London and which has acquired a 3.02% stake in the share capital.... more
AirlinesRyanair: O'Leary blames EU after hub closure
Carrier also reduced the fleet
A Winter without many important hubs: low-cost airline Ryanair has to deal with the drop in traffic and therefore in the number of passengers in this difficult time of health emergency, consequently the... more
Finance and economyRolls-Royce prices £2 billion-equivalent senior notes offering
Three tranches in US, EUR and GBP
Rolls-Royce Holdings plc announces that it has successfully priced an offering (the “Bond Offering”) of three tranches of senior unsecured notes denominated in US dollars, euros and sterling (collectively, the... more
AerospaceCondemnation of Profumo for derivatives Mps, no to resign from Leonardo
The current CEO of the Group said he was surprised and embittered
Six years of imprisonment: this is the sentence imposed in the first instance against Alessandro Profumo and Fabrizio Viola, on trial as former president and managing director of Monte dei Paschi di Siena... more
AirlinesNew lockdowns in next days? Carrier stocks collapse
Restrictions weighed on European markets
New restrictions imposed by governments around the world, France in the first place, led to significant changes in the stock market as regards air transport. Number of infections on the rise in many nations... more