Finance and economy
3,188 news found
Finance and economyAirplanes and finance. Korean Air: record profit in 2016 3Q
Seoul, South Korea - Dispelled recent worries about its financial instability
Korean Air today announced that the company posted its biggest quarterly profit in history, dispelling recent worries about its financial instability (non-consolidated). In the 3rd quarter of 2016, the... more
Finance and economyAirports and motorways. Atlantia accelerates foreign growth and invests in Italy -SPECIALI AVIONEWS
Rome, Italy - After the presentation of yesterday in London, the integral version of the Investor Briefing
Atlantia, the holding of Autostrade per l'Italia and Aeroporti di Roma (Rome's airports-Fiumicino and Ciampino- management company) presented yesterday at the international economical community -through... more
Finance and economyAirports and motorways. Atlantia presented results and growth targets
London, UK - "Over the next 5 years, we will invest more than €5 billion through Autostrade per l’Italia and €2.5 billion through AdR"
Atlantia SpA’s Chief Executive Officer, Giovanni Castellucci, was in London today to present the Group’s future growth strategies and targets to analysts, investors and the international press. "Atlantia is... more
Finance and economyDelta Air Lines announces September Quarter Profit
Atlanta, Usa - $1.9 billion operating cash flow and $1.1 billion free cash flow
Delta Air Lines announces September Quarter Profit. The highlights are: • September 2016 quarter GAAP pre-tax income of $1.9 billion, net income of $1.26 billion and earnings per diluted share o... more
Finance and economyAutogrill Group acquires Stellar Partners Inc., an airport convenience retailer in the USA
Milan , Italy - The transaction involves 38 points of sale in ten US airports. The price agreed upon between the parties is USD$12 million
Autogrill (Milan: AGL IM) announces that its subsidiary HMSHost has completed the acquisition of Stellar Partners Inc., a US specialist airport convenience retailer (convenience retailing covers newspapers,... more
Finance and economyAccounts of Alitalia: budget analysis at the end of 2015, and its implications on the current state of the air carrier. AVIONEWS EXCLUSIVE
Rome, Italy - AVIONEWS public the full version of the analysis by Gaetano F. Intrieri, aviation consultant
Firstly I would like to thank such a historic and prestigious press agency as Avionews for thinking of me for this analysis work. The goal of this work is to define the financial condition of our national... more
Finance and economyCALC enters into finance lease receivables realisation transactions for three aircraft
Hong Kong, China - Since 1 January 2016, the Group has completed realisation for a total of 14 planes
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent operating aircraft lessors in China, announced that it has successfully entered into finance lease receivables tra... more
Finance and economyAircraft and transport. Italian ENAV: BoD approved the 1H2016 results
Rome, Italy - Solid growth in revenue and EBITDA
Enav SpA’s Board of Directors, held yesterday under the chairmanship of Franco Ferdinando Falco Beccalli, approved the first half 2016 financial report as of June 30, 2016. Its CEO Roberta Neri stated: "... more
Finance and economyCALC signs financing framework agreement with Export-Import Bank of China
Tianjin, China - Providing strong support for the Group’s business development
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent aircraft operating lessors in China, announced that it has entered into a financing framework agreement with the Exp... more
Finance and economyAirplanes and finance. IATA: speed, innovation, key for aviation to deliver economic benefits
Singapore, Republic of Singapore - The comments made in a kenynote speech at the opening of the "World Financial Symposium"
The International Air Transport Association (IATA) called for speed and innovation to enable aviation to continue to deliver its vast social and economic benefits. Alexandre de Juniac, IATA’s Director G... more
Finance and economyArianespace to launch multi-payload Vega mission for Earth observation
Paris, France - To put into orbit satellites very important for the life of all days
For its seventh launch of the year, and seventh Vega mission since the light launcher began operations at the Guiana Space Center - French Guiana, in 2012, Arianespace will orbit the PerúSat-1 satellite... more
Finance and economyCALC enters into finance lease receivables realisation transactions for 4 aircraft
Hong Kong, China - Continuous commitment in innovative financing
CALC (China Aircraft Leasing Group Holdings Limited, or the Group) has successfully entered into finance lease receivables transactions (“FLR Transaction”) with a trust, which agreed to purchase the fin... more
Finance and economyAirplanes and events. IATA: "World Financial Symposium" will take place in September (21-23) in Singapore
Geneva, Switzerland - Alexandre de Juniac, who joins IATA as DG and CEO on 1 September, will deliver his first major industry address in this role at "WFS"
The International Air Transport Association’s (IATA) 2016 "World Financial Symposium" (WFS) will focus on building high-performing finance organizations within airlines as a pillar to achieving sustained f... more
Finance and economyFraport Group Interim Report for first Half 2016: solid performance in challenging environment
Frankfurt, Germany - Geopolitical situation and restrained tourist bookings affect several Group airports
In the first half of 2016, the Fraport Group achieved revenue of just over EUR 1.2 billion. Although this represents a EUR 17.1 million (or 1.4 percent) decline year-on-year, it must be taken into account... more
Finance and economyAirplanes and finance. Italian ENAV on global offering of shares: notice of exercise of the over-allotment option in full
Rome, Italy - For a total of 22,600,000 ordinary shares
With reference to the Global Offering and the listing of ENAV SpA, the Company and the Ministry of Economy and Finance announce that yesterday the stabilizing manager Mediobanca -Banca di Credito Finanziario... more
Finance and economyCALC enters into rental realisation transaction for 3 aircraft
Hong Kong, China - Structured products cater to different investment needs
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent aircraft operating lessors in China, announced that it has entered into a rental realisation transaction for 3 air... more
Finance and economyFraport to sell partial stake in Thalita (Pulkovo Airport) to Qatar Investment Authority
Frankfurt, Germany - 10,5% of the shares. The closing will be completed in the 2H 2016. Soon QIA will have nearly 25% of the airport stakes
Fraport AG Frankfurt Airport (Fraport AG) and its consortium partners at Pulkovo Airport reached yesterday an agreement to sell part of their shares in Thalita Trading Ltd. (Thalita) to Qatar Investment... more
Finance and economyAirplanes. Embraer released 2Q16 results -Specials
San Josè dos Campos, Brazil - Hightlights
Embraer releases 2Q16 results. Highlights: - In 2Q16, Embraer delivered 26 commercial and 26 executive (23 light and 3 large) jet airplanes; - The Company’s firm order backlog ended the quarter a... more
Finance and economyAutogrill: the BoD approves the consolidated results as of 30 June 2016
Milan, Italy - The Group continued to strengthen its portfolio in the 1st half of the year in the airport sector
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results as of 30 June 2016. Results for 1st half 2016 - Consolidated revenues: €2,056.6m vs €1,966.6m in... more
Finance and economyLeonardo: net result before transactions 120 highter at EUR 200 million -Specials
Rome, Italy - The BoD convened today under the chaimanship of Gianni De Gennaro
Leonardo: net result before extraordinary transactions 120% higher at EUR 200 million - The acquisition of the EUR 7.95bil contract for the supply of 28 Eurofighter Typhoon aircraft to the Kuwaiti Ministry... more
Finance and economyMiami Airport secures high marks again from top bond rating agencies
Miami, Usa - Reaffirmed its financial health last week
America’s leading bond rating agencies reaffirmed Miami International Airport’s financial health last week. Fitch Ratings and S&P Global Ratings each assigned “A” rating and stable outlook, while Kroll B... more
Finance and economyAirplanes and helicopters. Boeing reports second-quarter results
Chicago, Usa - Backlog remains robust at $472 billion with nearly 5,700 commercial airplane orders
Boeing reports Second-Quarter results. The highlights are: - Revenue increased to $24.8 billion on strong commercial deliveries and services growth - Loss of $0.37 per share (GAAP) and core (non-GAAP)... more
Finance and economyAirplanes and helicopters. Airbus Group reports Half-Year (H1) 2016 results -Specials
Amsterdam, Holland - H1 financials driven by back-loaded aircraft delivery schedule
Airbus Group reports Half-Year (H1) 2016 results: • Robust and diversified commercial backlog supporting ramp-up • H1 financials driven by back-loaded aircraft delivery schedule • Revenues € 29 bill... more
Finance and economyAerospace: Aero Sekur launches EUR 5 million mini-bond
Rome, Italy - The placement period is scheduled for July 25-August 25
Aero Sekur, one of Europe’s biggest producers of special fabrics and rubber technologies for the worlds of defence, space and aviation, is launching its first mini-bond worth a total of 5 million euros. The m... more
Finance and economyItalian ENAV succesfully completes the initial public offering of its ordinary shares. This morning the ceremony of the first listing
Rome, Italy - The Company announced the final results
Enav SpA (the Italian Flight Assistance Company) announces yesterday the final results of the Global Offering of its ordinary shares (the “Shares”) to be listed on the Mercato Telematico Azionario ("M... more
Finance and economyThe initial Public Offering of the ordinary shares of Italian ENAV SpA succesfully ends
Rome, Italy - With demand that is approximately 8 times over the offer
The Ministry of the Economy and Finance (the "Ministry") and ENAV SpA (“ENAV” or the “Company”) announce completion of the Global Offering of ENAV's ordinary shares for the listing on the Mercato Telemat... more
Finance and economyAirplanes and finance. Saab’s results January-June 2016
Linkoping, Sweden - Market development, strong growth in order bookings, sales and cash flow
Defence and security company Saab presents the results for January-June 2016. Statement by the President and CEO Håkan Buskhe: Market development Growing turmoil around the world is impacting the... more
Finance and economyCALC closes first ever Jolco diversified financing channels underpin globalisation strategy
Hong Kong, China - Related to two new A-320 airplanes delivered to Pegasus Airlines in June
China Aircraft Leasing Group Holdings (“CALC”), one of the largest independent operating aircraft lessors in China, has closed its first Japanese Operating Lease with a Call Option (“Jolco”) financing related... more
Finance and economyAirplanes and finance. Qatar Airways Group announced results for the FY 2016
Doha, Qatar - Revenues up 4.3 per cent
Qatar Airways Group announced a 3 billion QAR operating profit for fiscal year 2016 -nearly three times greater than fiscal 2015 profit of 1.1 billion QAR, resulting in an 8.6 per cent operating profit... more
Finance and economyAirplanes and finance. Italian ENAV submits to Borsa Italiana the application for admission to listing of the company's shares on SE
Rome, Italy - The company had previously submitted to CONSOB a request to approve its Registration Document that has been approved and published by the regulator
ENAV SpA (Italian Flight Assistance Company) announces that it has today filed with Borsa Italiana an application for the admission to list and trade its shares on the Mercato Telematico Azionario segment... more
Finance and economyCALC repurchases convertible bonds constantly optimising its financial position
Hong Kong, China - The lessor entered into separate agreements with investors
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent aircraft operating lessors in China, entered into separate repurchase agreements with investors to repurchase con... more
Finance and economyAutogrill: Board’s resolution on the buyback programme
Milan, Italy - Purposes, number and duration; minimum and maximum price, value and methods
Pursuant to article 144-bis, clause 3, of the Consob Regulation no. 11971/1999 (“Issuers’ Regulation”), Autogrill SpA announces that the Board of Directors resolved to adopt a buyback programme to purch... more
Finance and economyAirplanes and finance. Italian ENAV: BoD approves the Company's dividend policy
Rome, Italy - Equal to EUR 95 million
The ENAV Board of Directors –chaired by Ferdinando Franco Falco Beccalli– has approved a dividend policy for future financial years, as set out below. For the year ending on 31 December 2016, the Boa... more
Finance and economyAirplanes. CALC signs an approximately USD 195 million pool loan facility
Hong Kong, China - With a consortium of six financial institutions
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent aircraft operating lessors in China, today signed an approximately USD 195 million syndicated loan facility with a c... more
Finance and economyAirplanes and airlines. Jet Airways declared positive annual profit in 2016
Milan, Italy - And it reduces debt by USD 256 mn
Jet Airways Group declared record annual profit of USD 185 mn for FY16 and it reduced debt by USD 256 mn - Net profit of USD 185 million in FY16 compared to loss of USD 342 million in FY15 - EBITDAR... more
Finance and economyShareholders' meeting of Autogrill: 2015 financial statements approved
Milan, Italy - € 0.12 per share dividend voted: payment from 8 June 2016, ex-dividend date 6 June 2016
Meeting today in an ordinary session under the chairmanship of Gilberto Benetton, the shareholders of Autogrill SpA examined and approved the financial statements for 2015 and voted to allocate profits... more
Finance and economyAircraft. SITA: results 2015
Barcelona, Spain - This is the final Summit that Francesco Violante will preside as its CEO; Barbara Dalibard will begin her role on 1 July 2016
SITA, the IT company that transforms air travel through technology, today announced 2015 revenues of USD 1.7 billion despite a year which saw continued global economic and geopolitical volatility as well... more
Finance and economyLeonardo-Finmeccanica: filing of documentation
Rome, Italy - The minutes o the BoD’s meeting held on 5 May 2016 are available to the public
Under the current legislation, notice is hereby given that the minutes of the Board of Directors’ meeting held on 5 May 2016, concerning the EMTN Program for bonds issuance, are available to the public a... more
Finance and economyAirplanes and finance. Etihad Aviation Group and Partners boost financing platform strategy to USD 1.2 Billion
Abu Dhabi, UAE - Following the success of last year’s bond which raised USD 700 million
Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further USD 500 million in a second platform financing transaction, following the... more
Finance and economyFraport-AGM (2): shareholders to receive dividend of €1.35 per share
Frankfurt, Germany - Shareholders approve the actions of the executive and supervisory boards
At Fraport AG’s 15th regular Annual General Meeting (AGM), 99.99 percent of the shareholders approved the recommended dividend of €1.35 per share. Thus, the dividend for fiscal year 2015 will remain at... more
Finance and economyFraport AGM 2016: good figures for fiscal year 2015
Frankfurt, Germany - Good traffic growth in Frankfurt
At the Annual General Meeting (AGM) held today at the Jahrhunderthalle Frankfurt, Fraport AG’s executive board chairman Stefan Schulte explained to shareholders the progress achieved during fiscal year 2... more
Finance and economyAirplanes and results. Italian ENAV: 1Q2016 revenue and Ebitda growth driven by recovery of air traffic
Rome, Italy - Interim Management Report for the quarter ended March 31, 2016 approved by the BoD
ENAV SpA (Italian Air Navigation Service Provider) ’s Board of Directors, held today under the chairmanship of Franco Ferdinando Falco Beccalli, approved the Interim Management Report for the quarter e... more
Finance and economyAutogrill: the BoD approves the interim management report to 31 MArch 2016
Milan, Italy - The period saw good revenue growth in airports, the most important channel for the Group
Meeting yesterday, the Board of Directors of Autogrill SpA examined and approved the consolidated results at 31 March 2016 Results for 1st quarter 2016 - Consolidated revenues: € 962m vs € 893.5m in... more
Finance and economyLeonardo-Finmeccanica (2): the BoD approves the results of the first quarter 2016 -Specials
Rome, Italy - New orders: amounted at EUR 2,564 million, satisfactory commercial performance achieved
Leonardo-Finmeccanica: the Board of Directors approves the results of the first quarter 2016. The highlights are: - The first quarter of 2016 confirms the Group positive commercial, economic and... more
Finance and economyLeonardo-Finmeccanica: effective new Company’s name and filing of documentation
Rome, Italy - Updated text of the Articles of Association has been recorded yesterday with the Rome Company Register
Notice is hereby given that the updated text of the Articles of Association, containing the new Company’s name “Leonardo-Finmeccanica–Società per azioni”, abbreviated form “Leonardo SpA” or “Finmeccanic... more
Finance and economyFraport report in the 1Q2016: it starts off the year with mixed financial results
Frankfurt, Germany - Most of the Group's airports report traffic growth
In the first quarter of 2016, some 13 million passengers passed through Frankfurt Airport (FRA), representing an increase of 3.3 percent year-on-year. On the back of that growth, Fraport achieved higher... more
Finance and economyCALC launches USD 300 million guaranteed bonds
Hong Kong, China - Broadens International Financing Channels Supporting Globalisation Strategy
China Aircraft Leasing Group, one of the largest independent aircraft operating lessors in China, launched and priced its first USD bond in an aggregate principal amount of USD 300 million due 2019. The... more
Finance and economyAirplanes and finance. Embraer releases first quarter 2016 results
San Josè dos Campos, Brazil - The industry delivered 21 commercial and 23 executive jets
Embraer releases first quarter 2016 results Highlights - In the first quarter of 2016 (1Q16), Embraer delivered 21 commercial and 23 executive (12 light and 11 large) jet airplanes, representing... more
Finance and economyAirplanes and finance. Alitalia significantly reduces losses in 2015; on track for profitability by 2017
Rome, Italy - Investment of €400 million in 2016 will deliver significant benefit to business and customers between 2016 and 2020
Alitalia significantly reduces losses by €381 million in 2015; on track for profitability by 2017, as it reports strong 2015 performance. • Significant reduction in losses from €580 million in 2014... more
Finance and economyAirbus Group shareholders approve all resolutions at 2016 AGM: Tom Enders reappointed CEO
Amsterdam, Holland - Three new independent non-executive directors; Denis Ranque reappointed Chairman; Fontaine as DTO
Shareholders of Airbus Group approved all 21 resolutions proposed at its Annual General Meeting, including the appointment of three new independent non-Executive Directors and 2015 dividend payment of... more