Finance and economy
1,979 news found
DefenseRomania buys F-16 aircraft from Norway
Talks between the two countries to work out details of the contract
The government of Romania has approved the purchase of 32 F-16 military aircraft produced by U.S.-based Lockheed Martin, which are expected to remain operational for a minimum of 10 years. These are combat... more
AirlinesWizz Air against high fuel prices
Hedge contracts kick off to get propellant at cheaper prices
Hungarian low-cost air carrier Wizz Air is seeking a solution to rising fuel prices. For this reason, the airline is deciding to adopt and sign hedging contracts to protect itself from the risk of price... more
DefenseUkrainian conflict: Draghi's trip
The visit with French President Macron and German President Scholz
Italian Prime Minister Mario Draghi, French President Emmanuel Macron and German Chancellor Olaf Scholz arrived in Kiev in recent hours, where they will meet with Ukrainian President Volodymyr Zelensky.... more
Finance and economyUkraine war: new weapons from Washington
President Biden quantifies aid at 1.2 billion dollars and announces it on social media
US President Joe Biden in recent hours announced the sending of more armaments to Ukraine to defend itself against Russia's military attack. This is a decision related to Kiev's continued demands on the... more
DefenseGermany: how it will strengthen the armed forces
Overview of the 100 billion investment in aircraft, tanks, frigates and drones
Berlin's 100 billion euros special fund for the armed forces will allow for an efficient and more modern military. In recent days the two branches of the German Parliament, the Bundestag (Lower house)... more
Finance and economyNorway gives up 14 military helicopters
Government seeks 500 million euros in damages for delayed deliveries
The Government of Norway has cancelled a contract to supply 14 NH-90 military transport helicopters produced by the European consortium NH Industries. The reason for this decision is delivery delays and... more
DefenseGermany approves defense fund
Green light to allocate 100 billion Euros for new armaments
The two Chambers of the German Parliament have approved the 100 billion euros special fund for the armed forces. After the green light in recent days from the Bundestag, the lower house, now comes the... more
CargoChina's exports return to growth
Logistical snags and congestion at ports, airports and highways are overcome
In the first five months of the year, China's exports increased by +13.5 percent, while imports registered +6.6 percent. These are the most immediate effects of measures taken by Beijing to reach the official... more
DefenseSpain: asked for three billions for defense
The announcement just weeks before the NATO summit in Madrid (June 29-30)
The Spanish Defense Ministry wants to increase its budget by three billion euros through an extraordinary credit. This is a decision that will be used to meet Madrid's commitments to North Atlantic Treaty... more
Finance and economySwiss discontent over F-35 aircraft
Purchased in 2021, now someone wants to cancel order
The Swiss government had decided to purchase 36 F-35A fighter planes produced by the US company Lockheed Martin. Now a left-wing political alliance "Stop F-35", which opposes the purchase of the U.S. aircraft,... more
AirlinesITA Airways is renewed all in the name of "Made in Italy"
In the week of the Italian Republic Day and six months from its flight operations
In the week of the Italian Republic Day which marks Italy's most symbolic anniversary, ITA Airways sets another milestone in its evolution as the new Italian national flagship carrier.In a period slightly... more
AirlinesFuel price increase hits airlines and defense
At least 40 billion dollars in extra costs in global airline budgets
Airlines around the world are grappling with an increase in fuel costs that will impact their budgets by an estimated 40 billion dollars. Suffering such hardships is not only the commercial sector, which... more
AirlinesITA Airways: privatization could slow down
After Air France recapitalization boost bid with Certares fund
At the closing of deadlines for submitting binding offers for the acquisition of the majority stake in the flag carrier ITA Airways two proposals had arrived: one is that of the Italo-German axis Msc-Lufthansa... more
Civil aviationAirline ticket trading conquers China
A black market that thrives despite Caac intervention
Online trading on airline tickets has conquered China in the past two years. Continuous cancellations at major international airports such as Shanghai and Hong Kong made it almost impossible to buy tickets... more
AirlinesITA Airways: details on the two bids
Indiscretions on the proposals of Msc-Lufthansa and the Certares fund
After the deadline for submitting binding offers for the takeover of flag carrier ITA Airways expired, now the Italian Ministry of Economy and Finance (Mef) is working to evaluate the two proposals that... more
AirlinesITA Airways: Indigo is almost out
Fund not present in data room, then denial of alliance with Certares
US investment fund Indigo Partners is almost out of the game for the takeover of national airline ITA Airways. In fact, it is not present in the data room and appears to have definitively rejected the... more
AirlinesITA Airways: deadline for bids today
Anac Authority dismiss sanction proceedings against Msc Group involved in airline privatization
The deadline for parties interested in submitting a binding offer to purchase the majority shares of the national airline ITA Airways expires today at 11:59 pm. As of today, there are two consortia vying... more
AirlinesITA Airways (2): the challenge is between two pacts
Parties will submit takeover bids by Monday
There will be two international cordates vying for the takeover of Italy's flag carrier ITA Airways: the US-based Certares fund in partnership with the airlines Air France and Delta Air Lines on the one... more
AirlinesITA Airways: hypothesis of a US stringer
Certares and Indigo Partners funds to beat Msc-Lufthansa bid
US Certares fund is attempting to build a cordate with investment Indigo Partners Group with the aim of joining forces and submitting a joint takeover bid vis-à-vis the national airline ITA Airways, in... more
Civil aviationAssets frozen at Superjet company
Italian Financial Police seals five aircraft and assets worth 150 million euros
The Financial Security Committee of the Italian Ministry of Economy has ordered the freezing of assets of Pjsc United Aircraft Corporation, traceable to the company Superjet International, based at "Marco... more
AirlinesAgreement by two companies on ship-to-air cargo
They will acquire stake in Air France-Klm Group
French shipping company Cma Cgm, which specializes in container transport and shipping, will acquire a 9 percent stake in the French-Dutch Air France-Klm Group. The aim is to create a "strategic partnership"... more
Finance and economyFincantieri (2): shareholders' meeting approves 2021 financial statements and new BoD
For the years 2022-2024: Claudio Graziano President
Fincantieri SpA held its ordinary Shareholders’ Meeting today in Trieste on a single call. To minimize the risks related to the COVID-19 health emergency, in compliance with Article 106, paragraph 4, of... more
DefenseRussia-Ukraine: Brussels towards sixth sanctions package
Di Maio: "Italy approves. Only peaceful means to bring Putin to the diplomatic table"
Today in Brussels at an important meeting of the EU Foreign Affairs Council, ministers of the 27 countries discussed the situation of the Russian-Ukrainian conflict and possible solutions, reviving the... more
DefenseFincantieri: a new era begins
Today ratifies top management and appoints new board of directors
Today is the day when a new era begins at the Fincantieri Group. A meeting is being held in Rome that is to ratify the appointments of the new chairman, General Claudio Graziano, current chairman of the... more
Civil aviationItalian Enav: approved interim financial report as at March 31, 2022
Together with the new 2022-2024 business plan -ATTACHMENT
The Board of Directors of ENAV SpA, in their meeting held today under the chairmanship of Francesca Isgrò, approved the Interim Financial Report as at 31 March 2022 and the new 2022-2024 Business Plan. The h... more
AirlinesAirline Wizz Air expands into Saudi Arabia
Mou signed with country investing in tourism
Low-cost airline Wizz Air is expanding its presence in the Arabian Peninsula with the aim to launch air links between Saudi Arabia and the United Kingdom. It is a decision that espouses Riyadh's goal of... more
Finance and economyUS towards increased production of rocket launchers
War in Ukraine increased demand for Javelin, but more chips needed
The US Congress could give the green light to defense and security specialist Lockheed Martin's plan to double production of FGM-148 Javelin anti-tank missile launchers as a new goal. This would be increased... more
AirlinesBlue Panorama airline is sold
From the Uvet Group to a US fund specialized in transport and energy
The Uvet Group, which operates in the tourism services sector, has sold the airline Blue Panorama Airlines to the US fund Bateleur Capital, which specializes in investments in the fields of civil aviation,... more
AirlinesMore than 220 chartered aircraft stranded in Russia
National carriers use airplanes of foreign companies within the national space
The analysis company Iba Aereo has estimated that at least 171 aircraft have been illegally taken from foreign leasing companies by Russian companies that continue to use them to operate domestic routes.... more
Finance and economyFincantieri: the BoD approves 1Q 2022 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, 2022. Consolidated 1Q 2022 results ▪ Revenues stand at... more