Finance and economy
3,188 news found
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
Finance and economyAir traffic growth in Spain pushes Stock exchange listing of Aena
Malaga, Spain - The minister of transports Pastor assures that the 11 February deadline will be respected
Spanish airports recorded 195.9 million passengers in 2014, up 4.5% compared with the previous year. Aircraft movements (+2.3%) and cargo traffic (+7.2%) also benefited from commercial aviation growth.... more
Finance and economyAircraft and finance. Aena issues tender to insure Stock exchange quotation
Madrid, Spain - The Spanish airport management giant wants to be guaranteed from complaints concerning its IPO, due to start in February
The Spanish airport operator Aena launched a tender to draft a liability insurance contract to protect itself from complaints concerning the troubled Stock exchange quotation of 28% of its capital. The... more
Finance and economyAirplanes and finance. Atlantia SpA is competing for Santiago del Chile airport
Rome, Italy - The Italian holding would be one of the bidders for a twenty-year concession over the South American facility
Atlantia SpA is one of the bidders for the management of Santiago del Chile airport. The news was reported by “Milano Finanza”, saying that the Italian holding applied through the “Grupo Aeropuerto Santi... more
Finance and economyFinmeccanica: financial calendar 2015
Rome, Italy - Five events from March to November: four BoDs and a shareholders' meeting
Finmeccanica informs the annual calendar of corporate events for the year 2015 is as follows: - Wednesday 18 March – Board of Directors: Draft Annual Report for 2014; Consolidated Results for 2014; - T... more
Finance and economyEtihad Airways: FGB and NCB finance B-787/9 Dreamliner aircraft (VIDEO)
Abu Dhabi, UAE - The first airplane has been presented at Abu Dhabi International Airport
Etihad Airways, the national airline of the UAE, has selected Abu Dhabi-based FGB and The National Commercial Bank (NCB) of Saudi Arabia to provide financing for the purchase of a number of its B-787/9... more
Finance and economyEtihad Airways: ADCB provides financing for its first A-380/800 plane (VIDEO)
Abu Dhabi, UAE - The aircraft will commerce operations to London-Heathrow from 27 December 2014
Etihad Airways, the UAE’s national carrier, has received financing from Abu Dhabi Commercial Bank (ADCB) for its first A-380/800 aircraft, which was showcased to the public for the first time at Abu D... more
Finance and economyAirplanes and finance. Aena privatization: Pwc withdraws, February’s quotation in danger
Madrid, Spain - Ernst & Young, only auditor left in the competition, will have to audit last four years’ accounts
The great favourite withdrew from the race and Aena’s privatization may delay further. The success of the entire operation is in doubt. PricewaterhouseCoopers (Pwc), who has been the Spanish airport g... more
Finance and economyAirplanes and finance. TCI founders divorce: shareholders’ core in danger
Madrid, Spain - The judge ordered one of the fund’s owners to pay 425 million Euros to his wife; shall he sell part of its shares?
Can a divorce be a danger for a giant company managing around sixty airports all over the world? It looks likely in the case of Aena. After the presentation to institutional investors was postponed, personal... more
Finance and economyAircraft leasing: Avolon Holdings to list shares on New York Stock Exchange
Dublin, Ireland - The company estimates to raise 286-314 million dollars for its shareholders
Avolon Holdings, Dublin-based aircraft lessor, announced today its intention to list part of its shares on New York Stock Exchange. The firm set its Initial Public Offering (IPO) price at 21 to 23 dollars... more
Finance and economyFinmeccanica: the Japanese offer might not be binding
Rome, Italy - The news was given by the Italian newspaper "Il Sole 24 Ore" that quoted sources close to Hitachi
According to the Italian newspaper “Il Sole 24 Ore”, which on November 19 reported rumours from sources close to Hitachi Group, the offer made on Monday 17 by the Japanese firm to buy AnsaldoBreda and... more
Finance and economyAirplanes and finance. Aena’s comfort letter could be assigned again to Pwc
Madrid, Spain - According to a source from one of the candidate auditors, the tender will not change the situation which was effective before the privatization process was freezed
As reported by the Spanish newspaper “Expansión”, PricewaterhouseCoopers (Pwc) is the favourite in the tender to choose the company that will prepare the comfort letter required by the banks that will... more
Finance and economyAutogrill: the BoD approves the interim management report to 30 September 2014. Airport channel: revenues up 6.7%
Milan, Italy - Growth in net profits and cash flow generation
The board of directors of Autogrill approves the interim management report to 30 September 2014. Results for 3rd quarter 2014 · Consolidated revenues: €1,081.3m, down 2.0% vs €1,107.1m in 3rd quar... more
Finance and economyEmirates Group announces half year performance
Dubai, UAE - Carried 23.3 million passengers, added 13 new aircraft
The Emirates Group today announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts,... more
Finance and economyAirplanes and companies. Aena’s privatization: green light to the tender for the new auditor
Madrid, Spain - The deadline for bidders is November 24
November 12 should have been the day of Aena’s Stock exchange quotation. In the Spanish airport management company’s privatization schedule, it is now only the day in which the Boletín oficial del Esta... more
Finance and economyAirplanes and finance. Aena’s privatization to start again?
Madrid, Spain - According to the secretary of infrastructure, Stock exchange quotation will be done in mid-February
Aena’s privatization process will start again this week, said State secretary of infrastructure Julio Gómez Pomar in a hearing at the Spanish Chamber of Deputies. Aena manages 46 airports and 2 heliports in... more
Finance and economyAirplanes and finance. Aena raises doubts on its own board of directors
Madrid, Spain - After the suspension of the initial public offering the company fears conflict of interests among its new partners
The suspension of Aena’s initial public offering (for details see AVIONEWS) raised doubts over the validity of the new board of directors, which in its October 17 meeting included representatives of i... more
Finance and economyAirplanes and finance. Aena privatizations: foreign investors do not trust official explanations
Madrid, Spain - There could be political matters behind the alleged technical problems
Investment banks coordinating Aena initial public offering explained the cancellation of its presentation to institutional investors with the need to choose a new auditor to prepare the comfort letter... more
Finance and economyAirplanes and finance. Lufthansa confirms projected 2014 operating result
Frankfurt, Germany - EUR 1 billion profit in spite of strikes
Lufthansa confirms projected 2014 operating result, EUR 1 billion profit in spite of strikes. The highlights are: • Lufthansa Group posts nine-month operating profit of EUR 849 million and confirms p... more
Finance and economyAirplanes and finance. 40% of Aeroporti di Roma on sale
Rome, Italy - Arab countries sovereign funds are likely to purchase the shares
Persian Gulf countries’ sovereign funds might soon be shareholders of Aeroporti di Roma (AdR), the company managing Rome-Fiumicino and Ciampino airports. Atlantia, a company owned by the Benetton family, o... more
Finance and economyAirplanes and finance. American Airlines Group reports third quarter result 2014
Fort Worth, Usa - Notable 3Q accomplishments
American Airlines Group Inc. reported its third quarter 2014 results. - Third quarter 2014 net profit, excluding net special charges, was a record $1.2 billion, up 59 percent versus the third quarter... more
Finance and economyAirplanes and economy. IATA President: oil prices drop will affect positively tickets fares
Toronto, Canada - According to IATA director Tony Tyler fuel surcharges will follow the crude prices trend
Tony Tyler, director general of the International Air Transport Association (IATA) forecasts a fuel surcharge on airplane tickets decrease. Oil price is falling: today, Tuesday October 28, crude oil futures... more
Finance and economyFinmeccanica: renewal of the bond issue program “Euro Medium Term Note Programme”
Rome, Italy - For additional 12 months
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Gianni De Gennaro, has resolved to renew the bond issue program “Euro Medium Term Note Programme” (EMTN) for additional 12... more
Finance and economyAirplanes and finance. Aena’s presentation to institutional investors cancelled
Madrid, Spain - The Spanish Council of ministers did not approve the initial public offering
Aena’s presentation to institutional investors, scheduled for today, Monday October 27, was cancelled. The deferment could disrupt the Stock exchange quotation calendar of the Spanish airport management g... more
Finance and economyAirplanes and economy. USA carriers’ profits grow as crude prices fall
Dallas, USA - Demand is still strong despite Ebola alarm, but prices do not decrease
Thanks to the crude prices fall, the price of jet fuel has dropped by one-fifth in the third quarter 2014 compared with the same period 2013. This, combined with a strong travel demand allowed United States... more
Finance and economyAirplanes. Boeing reports strong third-quarter results and raises 2014 EPS guidance
Chicago, Usa - Backlog grew to a record $490 billion with over 5,500 commercial airplane orders
Boeing Reports Strong Third-Quarter Results and Raises 2014 EPS Guidance. The highlights: - Core EPS (non-GAAP) rose 19 percent to $2.14 on strong operating performance; GAAP EPS of $1.86 - Revenue... more
Finance and economyAirplanes and airports. Aena denies World Duty Free renegotiations of Barajas concession
Madrid, Spain - The retail company challenges rent growth against passengers’ number decrease
The Spanish airport operator Aena rejected World Duty Free (WDF) proposal to renegotiate rent contracts at Madrid airport. WDF, controlled at 50.1% by Edizione, holding owned by the Italian family Benetton,... more
Finance and economyAirplanes and carriers. Etihad Airways: revenues +29 per cent in Q3 2014 following passenger and cargo growth
Abu Dhabi, UAE - Total revenues of USD 1.8 billion
Etihad Airways, the national airline of the United Arab Emirates, yesterday reported total revenues of USD 1.8 billion for the third quarter of 2014, an impressive increase of 29 per cent year-on-year,... more
Finance and economyAirbus Group amends and extends € 3 billion credit facility
Toulouse, France - The facility is for general corporate purposes
Airbus Group NV has successfully signed an amended and extended € 3 billion revolving syndicated credit facility, in a move designed to benefit from the current favourable loan market conditions. The f... more