Finance and economy
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Finance and economyAutogrill launches share buy-back programme
Milan, Italy - For a total of 12,720,000 ordinary treasury shares (5% of the share capital)
Pursuant to art. 144-bis, clause 3, Consob Regulation 11971/1999 (“Issuers’ Regulation”), Autogrill SpA has announced the launch of a share buy-back programme for a total of 12,720,000 ordinary treasury share... more
Finance and economyAircraft and finance. Cyprus Airways sells AA its last slot at London-Heathrow Airport
Nicosia, Cyprus - The European company is implementing its restructuring plan
Cyprus Airways announced it concluded the sale to American Airlines (AA) of its last slot at London-Heathrow Airport for 31 million dollars (22.9 million Euros). The operation is part of the massive... more
Finance and economyAircraft and finance. Alitalia: new capital increase in view to satisfy Etihad
Rome, Italy - Shareholders to be called to pay 200 million Euros
Alitalia's shareholders might be forced to carry on another capital increase in just a few months: according to rumours reported by "Il Messaggero", the measure was decided during the meeting of the board... more
Finance and economyAircraft and finance. Italian Transport Minister: "Etihad to invest 1.25 billion in Alitalia through 2018"
Rome, Italy - Maurizio Lupi today will meet European Transport Commissioner Siim Kallas in Rome
Maurizio Lupi, the Italian Transport and Infrastructure Minister, announced that according to Etihad's plan, after the conclusion of the negotiation for the entry of the Abu Dhabi-based carrier in Alitalia's... more
Finance and economyAircraft and finance. Flybe, the restructuring is working: first profits after four years
Exeter, United Kingdom - Operating costs down by 3%
The restructuring plan of Flybe, which is aimed to reducing the costs of the British carrier, is giving its fruits: the Exeter-based company has indeed reported its first year balance sheet in the black... more
Finance and economyAircraft and finance. Alitalia-Etihad: meeting between the Government and the unions to take place today
Rome, Italy - "We don't understand what the development plan is", Susanna Camusso (CGIL) claims
The path which is expected to lead towards the entry of Etihad Airways in Alitalia's ownership structure will reach an important milestone today: at 4:30 pm the awaited meeting between the Italian government... more
Finance and economyAircraft and finance. May UTair be acquired by Aeroflot?
Moscow, Russia - The main Russian airline hired Bain & Company to advise on the operation
According to a report coming from the Russian newspaper "Kommersant", the executive of UTair, a company which is experiencing a very tough period from a financial point of view, sent a proposal to the... more
Finance and economyAircraft and finance. Alitalia-Etihad: maybe on Thursday the banks will give their approval for the debt restructuring
Rome, Italy - "Fiumicino and Malpensa will be the two big intercontinental hubs of the alliance between the two carriers"; the Italioan Transport Minister explains
Thursday 12 June might be a critical day in the path towards the agreement between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier.... more
Finance and economyAircraft and finance. Alitalia-Etihad talks: the bank tangle must be solved
Rome, Italy - Popolare di Sondrio is opposing to the debt restructuring
Today, Friday 6 June 2014, a meeting of Alitalia's board of directors is scheduled, which is considered a very important milestone towards the agreement with Etihad Airways for the entry of the Abu Dhabi-based... more
Finance and economyAircraft and finance. Alitalia-Etihad: it's up to the shareholders
Rome, Italy - Lupi ensures Brussels that "The ownership will remain in European hands"
The talks between Alitalia and Etihad Airways for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier are going towards their conclusion. The letter of intents... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement: public authorities against Milan-Malpensa's downsizing
Milan, Italy - The Governor of Region Lombardy: "Those who think to reduce the flights will face our hostility"
The conclusion of the agreement between Alitalia and Etihad Airways for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier seems to be really close, considering... more
Finance and economyAircraft and finance. Alitalia: on Friday the board will give its response to Etihad
Rome, Italy - Opening towards the agreement also from Air France-KLM
The long wait is over: on June 1st Etihad and Alitalia issued a joint statement to communicate the mutual intention to go on with the "Marriage" between the two carriers. According to "Il Sole 24 Ore"... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement is "A matter of hours" according to Renzi, but Lupi is more cautious
Rome, Italy - "There's no reason to be unduly optimistic or pessimistic", the Transport Minister explains
The official closure of the agreement which will see Etihad Airways entering Alitalia's ownership structure is "A matter of days", according to Italian prime Minister Matteo Renzi. Transport Minister... more
Finance and economyAircraft and finance. Etihad says "Yes" to the marriage, the new al-Italia takes off
Rome, Italy - The board of directors of the Abu Dhabi-based company gave its approval
According to rumours reported today, Thursday 29 May 2014, by "Il Messaggero", Etihad Airways' board of directors, after its meeting on Monday, reportedly gave its final approval to the "Marriage" between... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement: Atlantia denies contacts from UAE for investments in AdR
Rome, Italy - No talks are ongoing between Abu Dhabi Investment Authority and the operator of Fiumicino and Ciampino airports
Everything is silent: the letter with which Etihad Airways is expected to give its final approval to the entry in Alitalia's ownership structure has not arrived in Rome yet. During the past week both the... more
Finance and economyAutogrill: shareholders' meeting approved 2013 financial statements
Milan, Italy - Nee Board of Directors appointed
Meeting today in an ordinary session under the chairmanship of Gilberto Benetton, the shareholders’ of Autogrill SpA examined and approved the financial statements for 2013 and voted to write profits f... more
Finance and economyAircraft and transport. After MH370, Malaysia Airlines is trying to take off again, but the bankruptcy risk is concrete
Kuala Lumpur, Malaysia - Bookings from China decreased by more than 50% after the Boeing 777's disappearance
Malaysia Airlines, even before the disappearance of flight MH370, was a company which was experiencing serious financial troubles. The accident which involved the Boeing 777/200ER aircraft, which vanished... more
Finance and economyAirbus Group shareholders approve all resolutions at "AGM", including name change
Amsterdam, Holland - The name change will take legal effect on 2 June 2014
Shareholders of Airbus Group approved all ten resolutions proposed at yesterday's "Annual General Meeting" (AGM), including the amendment of the company's Articles of Association to adopt its new legal... more
Finance and economyAircraft and finance. Alitalia: still no news from Etihad
Rome, Italy - Intesa Sanpaolo: "Air France? If they want to exit, they can"
Still no news yet from Etihad Airways: the letter with which the Abu Dhabi-based carrier is expected to give its final approval to the entry in Alitalia's ownership structure has not arrived in Rome yet,... more
Finance and economyAircraft and finance. Alitalia-Etihad agreement, the trade unions: "We're helpful but firm"
Rome, Italy - The Italian Transport Minister claims he has "Good hopes" about the Abu Dhabi-based company's letter
"We have good hopes". That is how Maurizio Lupi, the Italian Transport and Infrastructure Minister, described the government's mood in relation to the arrival of the letter with which Etihd Airways is... more
Finance and economyAircraft and finance. F2i ready to sell 49% of its airport division
Rome, Italy - More than 50 sovereign wealth funds, pension and infrastructure funds worldwide were already contacted
Vito Gamberale's F2i, the main Italian infrastructure fund, according to a report from "Reuters", is planning to put for sale a 49% stake in F2i Aeroporti, the division which owns shares in many of the... more
Finance and economyAircraft and finance. Wizz Air gets ready for listing with a 200-million-Euro IPO
Budapest, Hungary - The operation is expected to be concluded by the end of the next month
Wizz Air decided to enter the financial market, with an Initial Public Offering (IPO) with which the Hungarian low-cost carrier expects to raise about 200 million Euros. The listing operation at London... more
Finance and economyEnav Privatization, the Italian government to choose advisors
Rome, Italy - Consultants will have to examine bids and to identify the best path for the transfer: listing or direct negotiation
The Italian ministry of Treasury has started yesterday, May 21, the research of legal and financial consultants in range of the privatization of 49% of Enav (Società nazionale per l'assistenza al volo,... more
Finance and economyAircraft and finance. Etihad increases its stake in Virgin Australia
Abu Dhabi, United Arab Emirates - The Abu Dhabi-based carrier now owns 21.24% of the shares
Etihad Airways has receieved the approval of Australia's Foreign Investment Review Board to increase its stake in Virgin Australia. The shares owned by the Abu Dhabi-based carrier therefore passed from... more
Finance and economyItalian CONSOB fines SEA, the company which manages Milan airports of Linate and Malpensa
Milan, Italy - The penalty due to the declarations about profits policy during IPO's presentation "Incoherent with the informative prospectus"
SEA, the company which manages Milan airports of Linate and Malpensa, was 5000 Euros fined by CONSOB (the Italian National Commission for the Companies and the Stock Exchange) for the information spread... more
Finance and economyAircraft and finance. Air France: "Etihad's conditions for Alitalia are harsher than ours"
Rome, Italy - The CEO of the French-Dutch group strikes back
Air France-KLM has been watching for many months the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier. But now the... more
Finance and economyAircraft and finance. Alitalia: no answers from Etihad yet, but there is optimism
Rome, Italy - Unipol is ready to sell its stake in the Italian company if needed
No news coming from Etihad yet: the letter with which the Abu Dhabi-based carrier is expected to give its final approval to the entry in the ownership structure of Alitalia has not yet arrived in Rome,... more
Finance and economyAircraft and finance. Alitalia-Etihad: the "Verdict" to arrive in the upcoming days?
Rome, Italy - Italian State Secretary to the Prime Minister: "The alternative to the agreement is losing more than 10,000 jobs"
The very long talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier might come to a conclusion really soon: according to... more
Finance and economyEnav SpA and Poste privatization, the Italian Government approves
Rome, Italy - Shares for sale should worth about 5 million Euros
The Italian Government approved the privatization of Poste and Enav SpA (Società nazionale per l'assistenza al volo, the Italian air services provider), both ministry of Treasury owned-companies. Shares... more
Finance and economyAircraft and finance. Alitalia-Etihad discussions are close to the finish line
Rome, Italy - The letter with the response of the Italian carrier is travelling to Abu Dhabi
The talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier seems to be close to the finish line. According to rumours reported... more
Finance and economyFinmeccanica: the shareholders' meeting approves 2013 financial statements
Rome, Italy - New Board of Directors appointed for the three-year term (2014–2016)
The Shareholders’ Meeting of Finmeccanica SpA, which convened yesterday in Rome, has approved the Company’s financial statements for 2013 and examined the consolidated financial statements. Key eco... more
Finance and economyAircraft and finance. Alitalia-Etihad, Italian Transport Minister: "It's time to decide"
Rome, Italy - The decree to liberalize Milan-Linate Airport is ready
The talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier has been going on for months, and the conclusion of the negotiation... more
Finance and economyAircraft and finance. Emirates might acquire Lufthansa's catering division
Dubai, United Arab Emirates - But at moment the German carrier does not seem available to sell
The Emirates group might be interested in purchasing LSG Sky Chefs, Lufthansa's catering division, which in 2013 achieved an overall revenue of 2.51 billion Euros, with an operating profit of 105 million... more
Finance and economyAutogrill: the 1st quarter showed sustained growth in sales in airports
Milan, Italy - The BoD approves the interim management report to 31 March 2014
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results at 31 March 2014. Results 1st quarter 2014: · Consolidated revenues: €813m, down 1% on €841.9m in 1... more
Finance and economyeasyJet: 2014 half year results
Milan, Italy - Its strategy continues to deliver sustainable growth and returns
easyJet has delivered an improved first half financial performance driven by a strong focus on capacity allocation, a range of revenue initiatives and a stronger than expected cost performance. Strategic... more
Finance and economyAirbus Group reports 1Q14 results
Amsterdam, Holland - Airbus received 103 aircraft orders and for Airbus Helicopters rose 50%
Airbus Group reports First Quarter 2014 results. The highlights are: · Revenues increase five percent to € 12.6 billion · EBIT before one-off € 700 million · Net income rises 93 percent to € 4... more
Finance and economyAircraft and finance. Alitalia-Etihad: the banks give their go-ahead
Rome, Italy - The government's support: "The negotiation must go on and lead to a positive outcome"
An important step ahead in the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier was made during the past hours. According... more
Finance and economyAircraft and finance. Alitalia-Etihad: waiting for news, some shareholders are still looking at Air France
Rome, Italy - "A positive outcome requires everyone's collaboration", the Economy Minister claims
No significant news emerged about the talks between Alitalia and Etihad for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier. The Middle Eastern airline... more
Finance and economyItalian Enav and Poste privatization: Italian government to give the go-ahead
Rome, Italy - Both companies listing is expected within 2014
The Italian government is expected to give the go-ahead for the ministry of Treasury public companies Poste and Enav SpA (Società nazionale per l'assistenza al volo, the Italian air service provider)... more
Finance and economyAircraft and finance. IAG halves its losses thanks to Iberia's recover
London, United Kingdom - Revenue growing by 6.7%
International Airlines Group (IAG), the holding which includes British Airways, Iberia and Vueling, managed to almost halve its operating losses in the first quarter of 2014, passing from 278 to 150 million... more
Finance and economyEtihad acquires ADAT for the maintenace of its aircraft
Abu Dhabi, United Arab Emirates - Mubadala will maintain the engine-focused MRO division
Waiting to define the operation for the entry in Alitalia's ownership structure (AVIONEWS), Etihad Airways inked an agreement with Mubadala Development Company (the investment vehicle of Abu Dhabi's government)... more
Finance and economyAircraft and finance. Alitalia-Etihad: the upcoming days will be deciding
Rome, Italy - Italian Transport Minister: "The alliance would be a very strong signal for the whole Italian system"
The upcoming days will be deciding in order to reach a positive outcome of the Alitalia-Etihad affair: the Abu Dhabi-based company seems indeed to be convinced of the newco solution, but it is still asking... more
Finance and economyAircraft and finance. Alitalia: Etihad is not convinced of the newco solution
Rome, Italy - "If Alitalia closes, there won't be a downsizing: everyone will go home", the Italian Transport Minister comments
The mission in Abu Dhabi of Alitalia Chief Executive Officer Gabriele Del Torchio, who met his counterpart at Etihad, James Hogan did not produce significant steps ahead: the talks for the entry of the... more
Finance and economyAircraft and finance. Alitalia-Etihad summit: CEO updates the Italian Transport Minister
Rome, Italy - According to rumours, the Abu Dhabi-based company requested 2500 layoffs, 1600 of which definitively
A meeting between Alitalia and Etihad Airways' top managers took place yesterday, Tuesday 6 May 2014, in Abu Dhabi: Gabriele Del Torchio and Roberto Colaninno, respectively Chief Executive Officer and... more
Finance and economyFinmeccanica: the BoD approves the interim financial report at 31 March 2014; results in line with forecasts
Rome, Italy - New orders up by 11% thanks to the Aerospace and Defence sectors. Order backlog worth EUR 36.7 billion
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Gianni De Gennaro, examined and unanimously approved the Interim Financial Report at 31 March 2014. The results of... more
Finance and economyAircraft and finance. Alitalia and Etihad are working on the newco, summit in Abu Dhabi today
Abu Dhabi, United Arab Emirates - There is an issue with Unicredit: the bank seems not available to grant discounts over the credits it has with the Italian company
A newco 100% owned by Alitalia, without debts, in which Etihad is expected to acquire a 49% stake with a dedicated capital increase: this is the plan which will be explained today, Tuesday 6 May 2014,... more
Finance and economyAircraft and finance. Alitalia-Etihad: summit in Abu Dhabi to be held today
Rome, Italy - Italian Transport Minister: "The bad-company issue is not acceptable and is not shared by the government"
Gabriele Del Torchio and Roberto Colaninno, Chief Executive Officer and Chairman of Alitalia respectively, will meet Etihad's CEO James Hogan today, Monday 5 May 2014, in Abu Dhabi: the summit might represent... more
Finance and economyAircraft and finance. Alitalia-Etihad: summit between Italian Premier and Transport Minister. And Air France pops up again
Rome, Italy - "Any alliance will be assessed on the basis of the industrial plan", Lupi commented
A summit took place today in Rome between Italian Prime Minister Matteo Renzi and Transport and Infrastructure Minister Maurizio Lupi, in order to outline the status of the talks between Alitalia and Etihad... more
Finance and economyAircraft and finance. Alitalia: here's Etihad's letter of intents
Rome, Italy - The Italian company aims to achieve 400-million-Euro savings per year
After a wait of almost a month, the letter of intents with which Etihad down in black and white its interest for the entry in the ownership structure of Alitalia has finally arrived. The confirmation arrived... more
Finance and economyAircraft and finance. Etihad: what are Hogan's intentions for Alitalia's development?
Rome, Italy - Banks are open to discuss the debt restructuring, Linate liberalization is close
During the past hours two important developments might have occurred regarding the conditions set by Etihad Airways for its possible investment in Alitalia: the Middle Eastern company reportedly requested... more