Finance and economy
3,190 news found
AerospaceSpace flights: traditional companies are struggling
The challenge between Boeing Group and Space X
Space travel is the new frontier of commercial transportation. A sector in which the main protagonists are start-ups, while the giants of the sector lag behind. Just make a comparison between the costs... more
AirlinesITA-Lufthansa: Turicchi meets the unions
President of the Italian airline reassures worker representatives
Unions worried about the possible stop to the wedding between the airlines ITA Airways and Lufthansa. Yesterday, Tuesday 11 June 2024, the president of the Italian national airline, Antonino Turicchi,... more
AirportsG7 Puglia: safety mechanism launched
Some restrictions are already in force and will end on Sunday 16 June
A series of restrictions on the ground and in the Italian airspace in force from tomorrow until 15 June 2024 during the days of the G7 Summit, during which events will take place with the heads of state... more
AirlinesITA-Lufthansa: developments expected this week
Proposed further transfers on Fiumicino-USA flights
By 4 July 2024 the European Competition Commission will have to pronounce its final verdict on the agreement between the German national carrier Lufthansa and the Italian Ministry of Economy and Finance... more
AirlinesUK: 100ml limit reintroduced at airports
Harper (transport): "Temporary measure, in due course we will establish its revocation"
UK airports will still maintain the 100ml limit on liquids you can bring on board the plane. The goal was to raise the limit to two liters in all airports in the country by 2024. This should have happened... more
AirlinesRome-Fiumicino Airport: 11 reports of thefts at duty-free
The police forces also stopped eight NCCs and illegal taxi drivers
Eleven people reported and 4500 Euros of stolen goods recovered including cosmetics, perfumes and tobacco. It is the outcome of a series of checks recently conducted by Carabinieri, Italian police forces,... more
AirportsComiso Airport (Sicily): 47 millions for development
Schembari (mayor): "Cargo flights are essential for the fruit and vegetable production area and floriculture"
The "Pio La Torre" Italian airport in Comiso (Sicily) is a living reality. The municipal administration of the Sicilian city reiterates this, recalling that 47 million euros are earmarked for the stopover... more
AerospaceStarliner: commercial missions still far away
Underlying problems hinder the start of routine journeys into the cosmos
The recent space flight of the Starliner spacecraft produced by the US Boeing Group was a success. In fact, the capsule docked with the International Space Station last week. However, some underlying problems... more
DefensePutin will visit North Korea
Official trip expected in the second half of June
Vladimir Putin will meet Kim Jong Un. The Russian president will be on an official visit to North Korea in the coming weeks, where he will meet his Asian counterpart. We will talk about energy, military... more
AirlinesAeroflot bets on MC-21 aircraft
The company is reportedly reviewing a large order for over 300 aircraft
The Russian national carrier Aeroflot is reportedly reviewing a massive order of aircraft dating back to 2022. This is a commitment to purchase 339 commercial aircplanes produced by brands controlled by... more
AirlinesITA-Lufthansa on a roller coaster
To have free access from Brussels they sacrifice long-haul flights to North America
The marriage between the national carrier ITA Airways and the German Lufthansa is a roller coaster ride. The European Competition Commission will deliver its verdict on the wedding by the scheduled date... more
AirlinesIndia authorizes Air India-Vistara merger
Favorable order from the National Company Law Tribunal
The merger between the Indian airlines Vistara and Air India has been approved. The favorable order arrived in the last few hours from the national commercial court of the Asian country. This is a further... more
DefenseUkrainian war: controversy over the supply of Italian weapons
Crosetto (Defense): "It is secret information, saying that we hide the truth is a lie"
There is controversy in the Italian Parliament over the Meloni Government's military supplies to Ukraine. The opposition accuses the majority of hiding details regarding the ammunition and armaments that... more
AirlinesDeliveries of Airbus planes drop
The industrial plan foresees a target of 800 aircraft for 2024
Monthly aircraft deliveries by the European manufacturer Airbus are decreasing. According to data recorded in May, the company supplied 53 airplanes. A performance that marks a decrease of -16% compared... more
DefenseBelgium purchases new military helicopters
Deliveries are expected to start in 2027
Belgium government will purchase 18 H-145M multi-role military rotorcraft produced by Airbus Helicopters. In detail, 16 aircraft will be allocated to the armed forces and two unit to the police. The acquisition... more
Civil aviationUSA: FAA gives green light to Archer air taxis
Now we are waiting for the "Midnight" to obtain flight certification
The US Federal Aviation Administration (FAA) has granted permission to the American company Archer Aviation to start commercial operations using air taxis, announced the company. It is the second manufacturer... more
AirlinesParma Airport (Italy): Padilla Coleman new CEO
Dalla Rosa Prati (president): "We will have routes and services that aim for quality"
Quality services, not quantity. This is the objective of Guido Dalla Rosa Prati, confirmed as president of the board of directors of the manager of the "Giuseppe Verdi" international airport in Parma in... more
AirlinesITA-Lufthansa: ready to sell 17 airport slots
About ten Italy-Central Europe flights are at stake
About ten flights between Italy and Central Europe will probably be sold to two low-cost airlines, the Spanish Volotea and the British easyJet. This is what is foreseen by the new package of remedies submitted... more
Finance and economyMicrotecnica company closest to Safran
The French company claims to have received the green light from Rome
Italian Government would have given the green light to the planned sale of the Microtecnica company (Collins Aerospace Group), which produces aircraft components, to the French company Safran, which operates... more
AirlinesRisk of mass strike for American flight attendants
Union asks for 33% more salary, company offers half
Immediate salary increases of +17% and greater participation in the financial profits accrued by the company. This is the offer that the US airline American Airlines made to its flight attendants. Proposal... more
AirlinesVistara in the hands of Air India by the end of 2024
The acquisition process of Indian company proceeds smoothly
National carrier Air India plans to complete the merger with Vistara airline by the end of 2024. The company has already received the green light for the sale from Indian and foreign competition regulators."Any... more
AirportsItaly, Parma Airport: Centerline makes the purchase official
Dalla Rosa Prati (Sogeap): "From next Winter connected to destinations of great interest"
Improving number of flights, user experience, safety and quality standards of infrastructure: these are the objectives of the Canadian company Centerline Airport Partners, which recently announced the... more
DefenseGermany purchases Eurofighter planes
Panavia Tornado combat aircraft out of service by 2030
Germany will purchase 20 more Eurofighter Typhoon warplanes, the national government announced today. This is a move with which Berlin intends to increase the amount of funds allocated to the defense sector.... more
AirlinesITA and Lufthansa prepare remedies on EU-US flights
Brussels will deliver its final verdict on privatization by July 4
Cutting remark against Brussels, but optimism remains. These are the feelings that reign among the managers of the German national carrier Lufthansa and within the Italian Ministry of Economy and Finance... more
AirlinesAircraft and transport: new Saudi-Asian axis for the sector
Riyadh Air prepares to start operations in 2025
Riyadh Air, which is expected to start operations in 2025, has partnered with Asian carriers Singapore Airlines and Air China. This is a move with which the Saudi start-up, controlled by the Saudi state... more
AirlinesBoeing is looking for a new CEO
Outgoing David Calhoun fully supports the board's choice
The outgoing CEO of the US Boeing Group, David Calhoun, today announced that he will fully support the choice of his successor by the company's board of directors. This is an announcement that confirms... more
Civil aviationUSA: unions against Boeing managers
Managers are allegedly persecuting technicians to keep quiet about safety problems
There is alarm among workers at the Boeing Group factory in Everett, a city located in Washington State. The plant is considered among the largest production buildings in the world and is the heart of... more
AccidentsJapan plane crash: preliminary results
Outcome of investigation conducted by the Maritime Self-Defense Force
They collided shortly after takeoff due to human error while heading to an exercise site. This is what emerges from the outcome of the preliminary investigation conducted by the Maritime Self-Defense Force... more
Civil aviationMD Helicopters expands into Europe
New authorized service center for customers from the old continent
US aircraft manufacturer MD Helicopters has announced its expansion into Europe. This is a move that is part of initiatives that aim to strengthen its global network of service providers. The goal is to... more
AirlinesSpain fines low-cost airlines
Fined 150 million euros for "unfair practice" on hand luggage
Spain has fined some low-cost airlines operating on national territory 150 million euros. This is the highest fine ever imposed by Madrid. The reason? The alleged violation of consumer rights due to the... more
AirlinesTurkish Airlines will ground 45 planes
It's a PW1100G engine problems effect
At least 45 planes will be grounded in 2024 due to Pratt & Whitney PW1100G engine problems. It cwas announced by the management of the flag carrier Turkish Airlines, which foresees operational limitations... more
AirportsBoeing will not increase aircraft production
Stop came from the US FAA
The US Boeing Group still will not be able to increase the production of B-737 MAX planes, as decided by the US Federal Aviation Administration (FAA). The reason is that there remain product safety issues... more
DefenseAustria and Sweden will receive US military helicopters
Washington approves sale of 12 "Black Hawk" aircraft
The sale of 12 UH-60M "Black Hawk" military helicopters to Austria and Sweden has been approved by the United States. The State Department gave the green light, approving the sale of aircraft produced... more
AirlinesJapan sanctions Russian airline
Cargo operator carrying out large transports
Ten Russian operators and entrepreneurs sanctioned by Japan. Among theme there is also the operator TTF Air, specialized in the defence and cargo air transport sectors, based in the city of Bryansk. The... more
AirlinesSalerno airport (Italy): taxi service ready
The first air connection is scheduled for July and the airport is preparing
Salerno is preparing for the operational return of the "Costa d'Amalfi" Italian airport in Pontecagnano. A flight to the French stopover of Nantes-Atlantique is scheduled for July 11, 2024, which will... more
AirlinesWar in the Middle East: Rafah under Tel Aviv control
Tajani (Foreign Affairs): "Italy wants to recognize a Palestinian State but with guarantees for Israel"
The Israeli armed forces have taken control of a strategic buffer zone between the southern Gaza Strip and Egypt, located near Rafah, the strategic crossing through which armaments, but also humanitarian... more
AccidentsRaisi death: the official version is missing on the helicopter accident
Ten days after the crash there has been no in-depth statement from the Iranian government
The authorities are silent, no explanation. Ten days after the plane crash in which the president of Iran, Ebrahim Raisi, died, Tehran government has not provided an official version yet. The causes and... more
AirlinesAirfares are more stable
The analysis of a specialized study center
Airline ticket prices in Europe and Asia are starting to stabilize. In some cases even to decrease. This is a trend that is independent of the physiological increase in fares that occurs during the Summer... more
AirlinesAmsterdam Airport: controversy over anti-noise measures
Airlines KLM and Transavia point point an accusing finger at limitations wanted by the government
Harsh criticism from some airlines against the Dutch government for the anti-noise restrictions placed at Amsterdam-Schiphol airport. Dutch airlines KLM and Transavia have pointed an accusing finger at... more
AirlinesAir Nigeria relaunch suspended
Local government blocks Ethiopian Airlines' initiative indefinitely
The relaunch procedure of the national carrier Nigeria Air has been suspended indefinitely. The Abuja government decided this on the grounds that it was not a project carried out in the national interest.... more
AirlinesITA-Lufthansa: Brussels reassures about the wedding
Vestager (Competition): "The rejection of a merger is a very rare event"
The rejection of a merger between companies is a "very rare event". With these words, the European Commissioner for Competition, Margrethe Vestager, reassures the green light for the marriage between the... more
AirlinesPratt & Whitney compensates Wizz Air
Compensated for PW-1100G engine problem
Air carrier Wizz Air has received "significant compensation" from US company Pratt & Whitney for problems with its GTF PW-1100G engines. In any case, the number of aircraft that will remain out of service... more
AirlinesPakistan Airlines shares cancelled
The move represents a further step in the privatization procedure
The share price of the airline Pakistan International Airlines (PIA) was cancelled. The Pakistan Stock Exchange has arranged this in recent days. This move represents a further step in the privatization... more
Civil aviationFirst ACH-160 Lounge helicopter delivered
Luxury version purchased from an Italian operator
The Airbus Group will deliver the first ACH-160 helicopter configured with lounge seating today. The aircraft will be taken over by the Italian company Air Corporate, based in Verona. The rotary-wing aircraft... more
DefenseWar Israel: three EU countries recognize Palestine
Tuesday 28 May 2024 will be remembered as a historic date
Three European countries will officially recognize the State of Palestine today. Tuesday 28 May 2024 will be remembered as a historic date. The three governments of Spain, Norway and Ireland join the 142... more
AirlinesIsrael war: 40 dead in Rafah
Crosetto (Italian Defence minister): "We are convinced that Israel had to resolve the problem with Hamas"
At least 40 Palestinians were killed by an Israeli Air Force airstrike conducted on the tent at Tal as-Sultan city. This is an area where people displaced from their homes in the south of the Gaza Strip... more
Civil aviationUkrainian war: Kiev drones in Russian airspace
Meloni (Italia premier): "Let's start working with the Ukrainians to understand the steps to take" for peace
Peace between Russia and Ukraine and the possible use of American armaments on Russian territory. These are the hot topics that are animating the international public debate relating to the war. Meanwhile,... more
AirlinesSingapore Airlines changes turbulence management
Investigators are currently examining the data from the black boxes
The national carrier Singapore Airlines has changed the rules regarding the use of seat belts on board and changed the route of the London-Singapore flight. This is the first effect of the incident that... more
AirlinesIran buys 12 Russian helicopters
They will be destined for the services of the Tehran Red Cross
Iran has signed a contract with Russia for the purchase of 12 Mil Mi-17 helicopters to be used for the services of the Iranian Red Crescent Society (Ircs). The value of the deal would be around 500 million... more
AirlinesITA-Lufthansa: hopeful Germans
Confidence in favorable negotiation outcome, but Brussels sees competition risks
The Lufthansa aviation group responds with optimism to the European Commission's skepticism regarding the acquisition of 41% of the Italian flag carrier ITA Airways. The German airline avoids comments... more