Finance and economy
3,166 news found
Finance and economyFinmeccanica SpA announces final results with respect to the tender offer for certain of its notes ("Specials" by AVIONEWS)
Rome, Italy - The offers expired at 4.00 pm (London time) / 5.00 pm (CET) on Wednesday, 15 July 2015
Further to its prior announcements, Finmeccanica S.p.A. (the "Issuer" following substitution of Finmeccanica Finance SA as issuer of Notes issued under the Euro Medium Term Note Programme originally established... more
Finance and economyFinmeccanica launches share buyback programme
Rome, Italy - Currently the Company holds no. 32,450 ones, equal to approximately 0.0056% of its share capital
Pursuant to Article 144-bis, paragraph 3, of the Issuers’ Regulation, Finmeccanica advises its intention to launch the share buyback programme implementing the resolution adopted by the Shareholders’ Mee... more
Finance and economyAircraft. IATA: airlines financial monitor ("Specials" by AVIONEWS)
Montreal, Canada - Key points
IATA (International Air Transport Association) unveils the June report of the Airlines Financial Monitor. Key points: - Airline share prices have been falling because of investor profit taking, particularly... more
Finance and economyFinmeccanica SpA announces an invitation to purchase certain notes for cash ("Specials" by AVIONEWS)
Rome, Italy - The Offers are made upon the terms and subject to the conditions contained in the tender offer memorandum dated 8 July 2015
Finmeccanica SpA (the "Issuer" following substitution of Finmeccanica Finance SA as issuer of Notes issued under the Euro Medium Term Note Programme originally established by Finmeccanica Finance SA, as... more
Finance and economyFinmeccanica: renegotiated the five-year revolving credit facility
Rome, Italy - With a significant reduction of the margins and positive effects expected on the financial charges
Finmeccanica signed today the renegotiation of the current revolving credit facility. The renegotiation envisages the payment of a spread of 100bp above Euribor, 80bp less than the previous conditions.... more
Finance and economyAircraft. IATA: airline profitability strengthens further
Miami, USA - Major contrasts in regional performance
The International Air Transport Association (IATA) announced an upward revision of its 2015 industry outlook to a $29.3 billion net profit. On expected revenues of $727 billion, the industry would achieve... more
Finance and economyEtihad Airways welcomes ‘A’ rating by Fitch
Abu Dhabi, UAE - With a Stable Outlook
Etihad Airways, the national carrier of the United Arab Emirates, has welcomed the announcement that it has been assigned the rating of ‘A’ with a Stable Outlook, by Fitch Ratings. Fitch Ratings, one... more
Finance and economyAirplanes and finance. Etihad Airways: fourth consecutive year of net profit
Abu Dhabi, UAE - Up 52 per cent to US$ 73 million
Etihad Airways unveils its financial results. The highlights are: - Revenue soars to USD 7.6 billion on back of record passenger and cargo volumes. - Passenger demand and revenue growth continues... more
Finance and economyAutogrill: shareholders' meeting approved 2014 financial statement
Milan, Italy - Appointed new Board of Statutory Auditors and new legal audit firm for 2015-2023 period
Meeting today in an ordinary session under the chairmanship of Gilberto Benetton, the shareholders of Autogrill SpA examined and approved the financial statement for 2014 and voted to write all the profits... more
Finance and economyAircraft and economy. Ansaldo: the activity blocked for a year? The felays by the Chinese antitrust
Milan, Italy - Concern about the future of STS and Breda by workers and managers
After about EUR 2 billion spent by the Japanese Hitachi for the purchase of the two Ansaldo (Breda and Sts, Ed), expectations were for a fast closing of the sale, to enable the Italian Group Finmeccanica... more
Finance and economyAircraft and Finmeccanica: what will be the future divestitures Group?
Rome, Italy - Besides Selex ES, the possible "Candidates" are DRS and MBDA; the Italian industrial heritage at risk?
After the sale of the transport sector to the Japanese Hitachi, other companies controlled by Finmeccanica would risk of being sold for "Making cash and reduce the debt" (cit.) of the Italian industrial... more
Finance and economyAirbus Group shareholders approve all resolutions at 2015 AGM
Amsterdam, Holland - Including the appointment of a new independent director and conversion into a European Company
Shareholders of Airbus Group approved all 13 resolutions proposed at its 2015 Annual General Meeting, including the appointment of a new independent director and conversion into a European Company (Societas... more
Finance and economyAircraft and finance. Finmeccanica: starting June 1 Donato Amoroso to Thales Alenia Space
Rome, Italy - Postponed again the timetable for the Ansaldo transfer to the Japanese Hitachi
Postponed again the opinion of the Chinese antitrust about the sale of the two Ansaldo to the Japanese Hitachi, after the sale of the transport secotr of the Finmeccanica Group in the last February 2015.... more
Finance and economyAircraft and courts: "1000 Youth in Finmeccanica", class action against the hiring block after the '"Advent" of Moretti
Rome, Italy - "The real answer" to the youth unemployment is falling into oblivion. Where is the premier Renzi?
The project "1000 Youth in Finmeccanica" launched by the the Italian industrial Group in 2013 should have been the "Concrete response to the related problems to the youth employment in Italy". 1500 recruitments... more
Finance and economyAutogrill: the BoD approves the interim management report to 31 March 2015. The positive trend in airports
Milan, Italy - Strong growth in 1st quarter Ebitda
Results for 1st quarter 2015 by Autogrill: - Consolidated revenues: €893.5m vs €813m in 1st quarter 2014 - Consolidated Ebitda: €22.5m vs €15.1m in 1st quarter 2014 - Net result: €-40.4m vs €-37.1... more
Finance and economyFinmeccanica: Shareholders’ Meeting approves 2014 financial statements
Rome, Italy - Appointed the Board of Statutory Auditors for the period 2015-2017
The Shareholders’ Meeting of Finmeccanica SpA, which convened yesterday in Rome, has approved the Company’s financial statements for 2014 and examined the consolidated financial statements. Key eco... more
Finance and economyAirplanes. easyJet: results for the six months ended 31 March 2015
Milan, Italy - Proven strategy delivers profitable first half
easyJet unveils results for the six months ended 31 March 2015. Strategic Progress: Drive demand, conversion and yields across Europe • Total revenue per seat increased by 2.6% year-on-year o... more
Finance and economyAircraft and economy. About Alenia Aermacchi, CEO Mauro Moretti reassures: "No relapse of production and employment"
Rome, Italy - The activities of the Finmeccanica subsidiary must however "Returns productives"
During the annual general meeting held today (11 May 2015) in Rome, the CEO of Finmeccanica Mauro Moretti said that the ongoing restructuring of the industrial Italian Group will have no consequences on... more
Finance and economyFinmeccanica: the BoD approves the interim financial report at 31 March 2015
Rome, Italy - Materially improved results compared to first quarter 2014 and above expectations
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 2015. The first quarter... more
Finance and economyAirplanes and helicopters. Airbus Group reports robust first quarter 2015 results ("Specials" by AVIONEWS)
Amsterdam, Holland - Airbus received 101 net commercial aircraft orders and AHelicopters 86 orders
Airbus Group reports robust first quarter 2015 results: The highlights are: · Solid operational performance supports EPS and cash flow, further enhanced by divestments · Revenues € 12.1 billion, EBI... more
Finance and economyLufthansa (2) welcomes shareholders to general meeting: Chairman of the Executive Board confirms further development of the Group
Milan, Italy - Prioritisation of investment projects
To open the 62nd ordinary general meeting of Deutsche Lufthansa AG, Supervisory Board Chairman, Wolfgang Mayrhuber, and Chairman of the Executive Board, Carsten Spohr, paid tribute to the Germanwings aircraft... more
Finance and economyAirplanes and helicopters. Boeing reports strong 1Q results
Chicago, USA - During the quarter, BMA was awarded contracts for 43 Apache aircraft
Boeing reports strong first-quarter results. The highlights: - Core EPS (non-GAAP) rose 12 percent to $1.97 on strong operating performance; GAAP EPS of $1.87 - Revenue increased 8 percent to... more
Finance and economyAircraft and airports. Italy: Alitalia-SAI ready to finance itself with mini-bonds soon issued
Rome, Italy - The bonds in Euros and Dollars, as part of the financial-plan "Project Box"
After the entering in the capital by the Arabs of Etihad and finally a positive budget, the carrier Alitalia SAI (Società aerea italiana) will issue on 30 June, minibond as alternative source of self-financing.... more
Finance and economyAirbus Group published documentation for 2015 AGM (May 27)
Amsterdam, Holland - Shareholder approval sought for conversion of Airbus Group NV to an European Company
Airbus Group has published the agenda and other related information online for its Annual General Meeting (AGM) being held on 27 May 2015 at 14:00 local time in Amsterdam. Under one proposed resolution,... more
Finance and economyAircraft and economy: "The new Alitalia will attack the market"
Tokyo, Japan - To say it, the CEO Silvano Cassano at the Tokyo summit
In 2017, the Alitalia carrier will be more aggressive towards the market and will focus more on the long distances, while at the European level will continue talks with the German Air Berlin. This sums... more
Finance and economyAircraft and trains: Bombardier at a loss. The railways sector on sale
London, United Kingdom - The financial problems of the Canadian Group can be attributed to the development of the "CSeries" jets
The Canadian company Bombardier is considering the sale of its transport sector, to address the huge losses suffered in the air transport. Estimated value of the sale: USD 5 billion. This was reported... more
Finance and economyAirbus Group's Dassault Aviation share sale: over-allotment option exercised
Amsterdam, Holland - Final number of the industry shares sold in Placement rises to 1.73 million shares or 18.75% of share capital
In connection with the sale by Airbus Group of approximately 1.61 million shares in Dassault Aviation through a bookbuilt offering to institutional investors announced on 25 March 2015 (the "Placement"),... more
Finance and economyShareholders’ Meeting of Finmeccanica: filing of documentation
Rome, Italy - It is available at its headquarters, at Borsa Italiana and on the company's website
With reference to the Ordinary Shareholders’ Meeting of Finmeccanica, convened on 8 and 11 May 2015 (in first and second call, respectively), Finmeccanica hereby informs that are available to the public a... more
Finance and economyEmirates: issuance of the certificates will be used to fund the acquisition of airplanes
Dubai, UAE - The delivery of four A-380/800 aircraft is expected in April, May, June and july 2015
Emirates announced the successful pricing of over USD 913 million certificates due 2025 (the “Certificates”) issued by Khadrawy Limited and with the benefit of a guarantee by Her Britannic Majesty’s Secre... more
Finance and economyFinmeccanica (2). Shareholder's meeting: filing of documentation, four items on the agenda
Rome, Italy - Convened on 8 and 11 May 2015
With reference to the Ordinary Shareholders’ Meeting of Finmeccanica, convened on 8 and 11 May 2015 (in first and second call respectively), Finmeccanica hereby informs that are available to the public a... more
Finance and economyFinmeccanica: filing of documentation of the Annual Financial Report
Rome, Italy - It is available at its head office, at Borsa Italiana SpA, and on its website
According to applicable law and regulations, you are hereby notified that the Annual Financial Report as at 31 December 2014 (including the Draft Annual Financial Statements and the Consolidated Financial... more
Finance and economyAirbus Group completed additional sale of Dassault Aviation shares
Amsterdam, Holland - 1.61 million shares were sold, approximately 71% to institutional investors and 29% to the industry
Airbus Group has completed the sale of approximately 1.61 million shares in Dassault Aviation, corresponding to around 17.5 percent of the company’s share capital for a total amount of around € 1.64 bil... more
Finance and economyAirbus Group plans sale of additional shares in Dassault Aviation
Amsterdam, Holland - To sell around 1.38 million ordinary Dassault Aviation shares through the placement
Airbus Group plans to sell approximately 1.38 million shares that it owns in Dassault Aviation (the “Shares”), representing around 15 percent of the share capital, following a bookbuilt offering (the “Pl... more
Finance and economyFinmeccanica: the investor expectations were not met
Rome, Italy - After the 2014 budget presentation the analysts are wondering when the Group will provide gains again
Finmeccanica disappointed the markets on the Stock Exchange yesterday on March 18, 2015. The Group lost 2.8%, after the 2.6% from two days ago. The fall on the stock is due to the disappointment from the... more
Finance and economyFinmeccanica: the BoD approves the 2014 financial statements ("Specials" by AVIONEWS)
Rome, Italy - 2014 results considerably above expectations and 2013
The Board of Directors of Finmeccanica, convened under the chairmanship of Gianni De Gennaro, examined and unanimously approved the draft of Group consolidated and Finmeccanica SpA financial statements... more
Finance and economyAutogrill: Group debt early refinancing completed. BoD approved the consolidated financial steaments as of 31 December 2014
Milan, Italy - Through a new 600 million euro financing
Autogrill SpA signed yesterday a new credit facility agreement worth a total of 600 million euros. The new financing is split into one amortized term loan facility and one revolving credit facility amounting... more
Finance and economyHelicopters: UTX is considering whether to sell Sikorsky
New York , USA - The alternative is a spinoff, and the born of an independent company
The American helicopter division Sikorsky could be sold or turned into an independent reality and therefore listed: to affirm this a report on Wednesday (March 11) by the same UTX (United Technologies),... more
Finance and economyFinmeccanica: who benefits from the sale of DRS Technologies?
New York, USA - The activities that they would like to sell are "Aviation & Logistics", and "Tactical Communications and Network"
The DRS Technologies "Case" seems to have always been at the centre of the concerns of the Finmeccanica CEO, Mauro Moretti: during the conference for the presentation of the 2015 business plan (held in... more
Finance and economyPlanes and finance. Emirates' operations in Europe: a 6.8 bn impact on GDP (VIDEO)
Dubai, UAE - 41,000 jobs in the EU supported by its aircraft purchases from Airbus
Emirates and Frontier Economics, an European consultancy, released yesterrday the results of a socio-economic impact study that measures Emirates’ contribution to the European economy. Frontier estimates t... more
Finance and economyHitachi agreement. Moody: Finmeccanica sale of transportation assets is credit positive
New York, USA - The press release issued by the Investors Service
Moody's Investors Service said that Finmeccanica SpA's (Ba1 negative) announced binding agreement to sell the bulk of its transportation assets to Hitachi, Ltd. (A3 stable) is a credit positive development... more
Finance and economyAircraft and finance: Ryanair must sell shares of Aer Lingus in its possession
Dublin, Ireland - To establish it, is an appellate ruling confirming the previous decision made by the English antitrust authority
The low-cost airline Ryanair will have to give up 29.8% of the shares of rival Aer Lingus; to establishes it was a judgment of the English Court of Appeal today, February 12, which also confirms the 2013... more
Finance and economyAircraft and Finance. IAG CEO on Aer Lingus acquisition: "This is a deal that we want to do"
Dublin, Ireland - Willie Walsh has relaunched his proposal for the Irish company in the Transportation Committee
Today -12 February- Willie Walsh will appear in front of the Transport Committee of the Irish Government (check AVIONEWS); the CEO of IAG (International Airline Group, the holding company that groups British... more
Finance and economyAircraft and finance: the CEO of IAG will appear before the Transport Committee of the Irish Government
Dublin, Ireland - Willie Walsh will try to convince the representatives of Dublin to sell Aer Lingus shares
In the story of Irish air company Aer Lingus something is changing (see for details AVIONEWS 1 and 2); on Thursday the CEO of IAG (International Airline Group, the holding company that groups the British... more
Finance and economyAircraft and finance. Spain: from tomorrow the Aena shares will be listed
Madrid, Spain - It is the largest privatization in the Iberian Country of the last 18 years
From tomorrow -11 February- the share of the Spanish company Aena become available. The IPO of one of the largest airport operators was postponed until today from last October. The requests for more transparency... more
Finance and economyAircraft and Finance: Qatar Airways strengthens its position in Europe
London, UK - The Gulf carrier buys 9.99% of the shares of IAG
The presence in Europe of the flag carrier Qatar Airways (QA) is getting stronger: in the past days, the Arab air company has acquired 9.99% of IAG (International Airline Group) shares: the holding company... more
Finance and economyFinmeccanica: the business plan gets the target but Fitch doesn't exposed
London, UK - The note diffused on the document presented by the aerospace and defence Group; the Agency postpones its opinion
The Fitch’s note diffused about the presentation of Finmeccanica’s Industrial Plan underlines how despiting the good Moretti’s purposes of a larger productive centralization and a cut of the portfolio, the r... more
Finance and economyMauro Moretti: "Strong changes in the next three years"
London, UK - The CEO of Finmeccanica explained the guidelines for the development of the Group
The CEO and General Manager of Finmeccanica Mauro Moretti presented yesterday in London the new Group's business plan for the years 2015-2019. At the meeting with analysts, there was also the Chief Financial... more
Finance and economyAutogrill: calendar of corporate events fro 2015
Milan, Italy - Fixed in March, May, July and November
Autogrill SpA announces its financial disclosures calendar for 2015, indicating when the Company’s accounts will be examined and approved by Board of Directors and Shareholders’ assembly: - March 12,... more
Finance and economyAirplanes. easyJet: trading statement for the quarter ended last 31 December 2014
Milan, Italy - Highlights
easyJet trading statement for the quarter ended 31 December 2014. Highlights: Drive demand, conversion and yields across Europe • Seats flown grew by 2.9% to 16.6 million. Passengers carried i... more
Finance and economyAirplanes and finance. Ernst & Young to present Aena’s comfort letter next week
Madrid, Spain - The Spanish airport operator listing seems to proceed according to schedule
The process leading to the listing of Aena, the company operating Spanish airports, is apparently going on without glitches. The advisor Ernst & Young should present the comfort letter requested by the... more