Finance and economy
3,225 news found
Finance and economyAircraft and finance. Alitalia changes its statute to pave the way for Etihad
Rome, Italy - Extraordinary assembly of the shareholders to be held today
Today, Tuesday 18 February 2014, an extraordinary meeting of Alitalia shareholders will take place: the main reason of the assembly is an important operation for the entry of Etihad in the ownership structure... more
Finance and economyAircraft and transport. Ferrovial makes offer for three airports in the UK
Madrid, Spain - The Spanish firm wants to acquire Glasgow, Aberdeen and Southampton
According to rumours reported in the past hours by "Reuters", Ferrovial made a bid to purchase three airports in the United Kingdom. Spanish newspaper "Expansion" explained that the offer was worth... more
Finance and economyAirbus Group to acquire Salzburg München Bank, establish company bank
Toulouse, France - The industry aims to close the deal as early as possible in 2014, subject to receiving all necessary regulatory approvals
Airbus Group has entered into a Share Purchase Agreement with Raiffeisenverband Salzburg to acquire Salzburg München Bank AG, in order to provide additional financing options for the aeronautics and defence... more
Finance and economyAircraft and finance. Etihad CEO to meet Alitalia's creditor banks
Singapore, Singapore - The management of the Italian carrier proposes solidarity contracts for 280 pilots
James Hogan, Chief Executive Officer of Etihad Airways, declared that officials of the Abu Dhabi-based carrier are holding talks in Rome this week with Alitalia's creditor banks in order to discuss about... more
Finance and economyAircraft and finance. Lufthansa against Alitalia-Etihad alliance: "We call upon the EU Commission to ban such side-stepping tactics"
Cologne, Germany - The German carrier requires "A fair competition worldwide"
James Hogan, President and Chief Executive of the Etihad Airways, and Gabriele Del Torchio, Chief Executive of Alitalia, confirmed that the two companies have entered the final phase of a due diligence... more
Finance and economyAircraft and finance. Ryanair announces 35-million-Euro losses in the third quarter
Dublin, Ireland - The forecasts for the whole fiscal year remain unchanged
Ryanair announced losses for 35 million Euros in the third quarter of the current fiscal year: according to the Irish carrier, the cause is the 9% decrease in fares. However, the forecasts for the whole... more
Finance and economyAircraft and finance. Boeing reports record 2013 revenue, EPS and backlog
Chicago, Usa - And it provides 2014 guidance
Boeing Reports Record 2013 Revenue, EPS and Backlog and Provides 2014 Guidance The highlights are: Fourth-Quarter 2013 - Core EPS (non-GAAP) rose 29 percent to $1.88 on strong operating performance;... more
Finance and economyAircraft and finance. Alitalia: 200 million Euros from the banks are arriving
Rome, Italy - An entrepreneur from Rieti claims to be ready to join the ownership structure
According to rumours reported today, Monday 27 January 2014, by the newspaper "Il Messaggero", the banks have reportedly found an agreement to deposit the 200 million Euros destined to Alitalia. Unicredit... more
Finance and economyAircraft and finance. Italian Transport Minister: "Air France still interested in Alitalia? They must put up the money"
Rome, Italy - The CEO of the French company declared that the possibility of reinvesting in the Italian carrier is still on the table
Just a few hours ago Chairman and Chief Executive Officer of the Air France-KLM group Alexandre de Juniac suggested the possibility of the French company in Alitalia (AVIONEWS). Until a few months ago... more
Finance and economyeasyJet: 1Q14 interim management statement
Milan, Italy - Passengers carried increased by 4.2%
easyJet unveiled the quarter 1 2014 Interim Management Statement Hightlights: Drive demand, conversion and yields across Europe - Seats flown grew by 4.1% to 16.1 million. Passengers carried... more
Finance and economyAircraft and finance. Poland is thinking to a holding which would include LOT and Warsaw Airport
Warsaw, Poland - The consortium would include also Eurolot and ground-handling services
On Monday 20 January, 2014 Polish Treasury Minister Wlodzimierz Karpinski told the local agency "PAP" that Warsaw's government is considering the possibility of creating a holding which would include the... more
Finance and economyFinmeccanica successfully tap the Eurobond market with a EUR 250 million offering
Rome, Italy - Through its wholly owned subsidiary Finmeccanica Finance S.A.,
Last Friday Finmeccanica, through its wholly owned subsidiary Finmeccanica Finance S.A., successfully tapped the Eurobond market with a EUR 250 million bond issue, incremental of the EUR 700 million issue... more
Finance and economyFinmeccanica: "TAP" to the EUR 700 million bonds
Rome, Italy - Coupon 4.5%, maturity January 2021
Finmeccanica has mandated a group of primary international banks to organize the issue of an additional amount of bounds (TAP) to the EUR 700 million issue, coupon 4.5%, maturity January 2021, issued in... more
Finance and economyAircraft and finance. Alitalia: Etihad imposes harsh conditions
Rome, Italy - The Middle Eastern company does not want to take upon itself the debts of the carrier
The entrance of Etihad Airways in Alitalia will not be painless: according to rumours reported today, Thursday 16 January, by "Milano FInanza", the Abu Dhabi-based company is imposing very harsh conditions... more
Finance and economyAircraft and finance. Etihad CEO: "We’ll continue to build our equity alliance"
Berlin, Germany - Hogan declines to comment
Etihad Airways Chief Executive Officer James Hogan, during a press conference in Berlin, declared that the Abu Dhabi-based carrier means to continue with its strategy of acquiring stakes in other companies.... more
Finance and economyAircraft and finance. Is Abu Dhabi aiming to a double hit with Alitalia and ADR?
Rome, Italy - The management firm of Fiumicino and Ciampino has been reportedly targeted by the sovereiegn investment fund of the emirate
Not just Alitalia: in addition to the well-known interest by Etihad Airways for the main Italian carrier, Abu Dhabi has put its eyes also on ADR, the management firm of Rome's Fiumicino and Ciampino airports,... more
Finance and economyAircraft and finance. Alitalia: the CEO wants 50 additional million Euros from the banks
Rome, Italy - On Monday 13 the shareholders will appoint the new board of directors
Alitalia Chief Executive Officer Gabriele Del Torchio, according to reports from the Italian newspaper "Il Messaggero", during the past days wrote a letter addressed to Unicredits and Intesa Sanpaolo,... more
Finance and economyAircraft and industry. Textron to acquire Beechcraft for 1.4 billion dollars
Providence, USA - The historical company emerged from bankruptcy in February this year
Textron Inc announced it reached an agreement for the acquisition of Beech Holdings, parent company of Beechcraft Corp, for about 1.4 billion dollars (a bit more than 1 billion Euros). The historical... more
Finance and economyHundreds of aircraft, whirling growth: portrait of Etihad, Alitalia's next shareholder
Abu Dhabi, United Arab Emirates - The Middle Eastern carrier refuses traditional alliances, and opts to acquire stakes in other companies
The next few days will be crucial for the negotiation between Etihad Airways and Alitalia for the entrance of the Abu Dhabi-based company in the onwership structure of the main Italian carrier. Let's try... more
Finance and economyFinmeccanica: financial calendar 2014
Rome, Italy - Resolutions regarding Corporate Governance
Finmeccanica advises the annual calendar of corporate events for the year 2014, as shown in the table below: · Wednesday 19 March – Board of Directors: Draft Annual Report for 2013; Consolidated Re... more
Finance and economyAircraft and finance. SAS is back in black, but market conditions will slow down its growth
Stockholm, Sweden - "Conditions worsened dramatically in the fourth quarter", CEO Rickard Gustafson explained
Scandinavian Airlines (SAS) reported a balance sheet in the black for the first time since 2007, thanks to the restructuring plan it has implemented during the past months: the Scandinavian carrier, which... more
Finance and economyAircraft and finance. Etihad is ready to invest: is the Arab Alitalia taking off?
Rome, Italy - The Abu Dhabi-based company will reportedly enter with 300 million Euros
Etihad Airways is reportedly ready to invest 300 million Euros (about 413 million dollars) to join the ownership structure of Alitalia, three sources with knowledge of the talks between the Abu Dhabi-based... more
Finance and economyAircraft and finance. Alitalia: will Etihad's offer arrive on Monday?
Rome, Italy - But the Abu Dhabi-based carrier is concerned by the debts of the Italian company
Important developments regarding Alitalia's future are expected on Monday 23 December: Etihad, after a careful analysis of the financial figures of the main Italian carrier, might formalize its offer for... more
Finance and economyAircraft and finance. Alitalia: Avianca is interested in the Italian airline
Rome, Italy - The South-American carrier interested in the Italian company and LOT
The search for a strong international partner for Alitalia has been for many weeks at the center of the news regarding the attempts to ensure the long-term survival of the main Italian carrier. Many names... more
Finance and economyAircraft and finance. ILFC ready to be acquired by AerCap
Amsterdam, Netherlands - AIG will receive 3 billion dollars and almost 100 million shares of the Dutch company
AerCap Holdings reached an agreement with American International Group (AIG), according to which the Dutch company will acquire 100% of the common stock of International Lease Finance Corporation (ILFC),... more
Finance and economyAircraft and finance. GMR sells its 40% stake in Istanbul's "Sabiha Gokcen" Airport to TAV
Istanbul, Turkey - The operation is subject to the approval of the other shareholders
As AVIONEWS wrote during the past days, GMR Infrastructure reached an agreement for the sale of its 40% stake in Istanbul's "Sabiha Gokcen" Airport to TAV Airports Holdings. The facility is one of the... more
Finance and economyAircraft and finance. Will Alitalia find Etihad under its Christmas tree?
Rome, Italy - The Middle Eastern carrier is evaluating the financial situation of the Italian company, maybe a decision will arrive before the holiday period
The positive outcome of Alitalia's capital increase operation will ensure the survival in the short term of the main Italian carrier. However, now that the complex recapitalization of the company is over,... more
Finance and economyEADS appointed new broker for share buyback programme
Amsterdam, Holland - Under the "Safe harbour" regulations of France’s AMF
EADS has entered into a new agreement for the independent management of its 18-month share buyback programme with a broker (“Investment Services Provider”) under the “Safe harbour” regulations of Fran... more
Finance and economyEADS holds today and tomorrow 2013 Global Investor Forum in London
Amsterdam, Holland - To adopt stock symbol AIR with rebranding to Airbus Group
EADS holds its annual Global Investor Forum (11&12 December) in London for institutional investors and analysts. The meeting is hosted by CEO Tom Enders and CFO Harald Wilhelm along with other members... more
Finance and economyAircraft and transport. Aéroports de Paris and TAV sign agreement for new Zagreb Airports' terminal
Zagreb, Croatia - The consortium will operate the facility for the next 30 years
The ZAIC Ltd consortium signed the agreement with the Croatian Ministry of the Sea, Transport and Infrastructure for the Zagreb Airport concession. This step marks the financial closing of the concession... more
Finance and economyAircraft and finance. Luxembourg will purchase a stake in Cargolux to reassure unions
Luxembourg, Luxembourg - China's HNCA is close to join the company
China's Henan Civil Aviation Development & Investment Co (HNCA) are close to acquire a 35% stake in Cargolux, after ahving received the approval of the Grand Duchy of Luxembourg for the 231-million-dollar... more
Finance and economyAircraft and finance. Travel Service acquires 34% of Czech Airlines
Prague, Czech Republic - Transaction carried out through Korean Air, which wants to make Prague Airport its European hub
Korean Air informed Czech Aeroholding about its requirement to use option to exercise its right to purchase further 34% of Czech Airlines (CSA). This step is in accordance with the purchase contract on... more
Finance and economyAircraft and finance. Indigo Partners concludes acquisition of Frontier Airlines
Denver, USA - The purchaser aims to transform it in an ultra-low-cost carrier
Indigo Partners, through an affiliate, has completed the acquisition of Frontier Airlines from Republic Airways Holdings. Final terms of the transaction, which was first announced in October this year,... more
Finance and economyAircraft and finance. Also Qatar Airways says "No" to Alitalia
Rome, Italy - During the past days also Aeroflot denied any interest to take part in the recpitalization of the Italian carrier
The search for a strong international partner is revealing itself as one of the most complex aspects of the capital increase operation which should ensure the survival, at least in the short term, of the... more
Finance and economyAircraft and finance. Malaysia Airports Holdings and TAV running for a stake in Istanbul's airport
Istanbul, Turkey - India's GMR Infrastructure is going to sell 40% of the shares of the facility
Malaysia Airports Holdings (MAH) and TAV Airports Holdings, two of the main airport operators globally, are separately conducting negotiations with GMR Infrastructure for the purchase of the 40% stake... more
Finance and economyAircraft and finance. Alitalia, looking for a partner, is knocking on Aeroflot's doors
Rome, Italy - The Russian carrier would be appreciated also by Poste Italiane's CEO Massimo Sarmi
Alitalia is still carrying on, among numerous difficulties, the complex capital increase operation, which aimed to ensure the short-term survival of the main Italian carrier. 173 million Euros have already... more
Finance and economyAircraft and finance. American Airlines emerges from bankruptcy: merger with US Airways on December 9
New York, USA - The operation will create the world's largest carrier
The US Bankruptcy Court for the Southern District of New York approved the settlement of the lawsuit reached with the US Department of Justice and certain states relating to the merger of AMR Corporation,... more
Finance and economyAircraft and finance. Sale of London-Luton Airport completed
London, United Kingdom - A 518-million-Euro operation
TBI, a company in which abertis owns a 90% stake and Aena Desarrollo International the remaining 10% stake, has completed the sale of the company that holds the concession of London-Luton Airport, after... more
Finance and economyFinmeccanica successfully issues a benchmark EUR 700 million of long 7-year bonds
Rome, Italy - Through its wholly owned subsidiary Finmeccanica Finance
Today Finmeccanica, through its wholly owned subsidiary Finmeccanica Finance S.A., successfully issued EUR 700 million of bonds in the capital markets. The issue has a long 7-year life, with maturity... more
Finance and economyAircraft and finance. Judge postpones decision over AA-US Airways-DoJ agreement
New York, USA - A decisive step towards the merger between the two carriers
Judge Sean Lane of New York's Bankruptcy Court postponed the final decision about the bankruptcy exit of AMerican Airlines to Wednesday 27 November 2013. AA filed in November 2011 for Chapter 11, a... more
Finance and economyAircraft and finance. Infratil concludes sale of Glasgow-Prestwick Airport to the Scottish Government for £1
Glasgow, United Kingdom - "The acquisition allows us to protect the jobs that directly and indirectly depend on it", Deputy Prime Minister Nicola Sturgeon claims
Infratil Limited has sold Glasgow Prestwick Airport to TS Prestwick Holdco Limited, an entity wholly owned by the Scottish Ministers, for cash consideration of £1. This is the second operation of this... more
Finance and economyAircraft and finance. Italian ATC service included in the government's asset sale
Rome, Italy - 40% of ENAV will be sold
The Italian government has launched a massive plan of sale of the stakes in some partially and wholly-owned companies, with the target of raising 10-12 billion Euros in 2014, reducing the national debt... more
Finance and economyAircraft and airlines. Alitalia: Air France has still a role in the discussions
Paris, France - "I hope for the best possible outcome for the two carriers", Francois Hollande claimed
Italian Prime Minister Enrico Letta met French President Francois Hollande: it emerged from the meeting that there is still the possibility for Air France to be a partner of Alitalia, despite the French... more
Finance and economyMerger of Gemina SpA (Aeroporti di Roma) with and into Atlantia SpA
Rome-Fiumicino, Italy - The merger deed signed yesterday
The companies announce that the deed for the merger of Gemina SpA (“Gemina”, Aeroporti di Roma) with and into Atlantia SpA (“Atlantia”) was signed yesterday. The deed envisages that the merger will ta... more
Finance and economyAircraft and finance. Brazilian airports: five consortiums running to obtain the concession
Brasilia, Brazil - The outcome will be known on Friday
The Brazilian government communicated that five international consortia will take part in the race to obtain the concession for the management of Rio de Janeiro-Galeao and Belo Horizonte-Confins airports.... more
Finance and economyNew Zealander government sells 20% of its flagship carrier
Auckland, New Zealand - A 240-million-Euro operation
The New Zealand government sold a 20% stake it owned in Air New Zealand, raising an overall amount of $NZ365 million (240 million Euros or 324 million dollars). The sale is part of a wide programme... more
Finance and economyAircraft and finance. Etihad Airways acquires 33.3% of Darwin Airline: Etihad Regional gest started
Abu Dhabi, United Arab Emirates - In June next year, the Middle-Eastern carrier will start to connect Abu Dhabi and Zurich
Etihad Airways is strongly continuing its strategy of acquiring stakes in other carriers, which in these months has seen the Abu Dhabi-based carrier focusing its attention in Europe: by the way, it has... more
Finance and economyAircraft and finance. After Air France's refusal, Alitalia looks at the Middle East
Rome, Italy - But there are alliance issues which should be solved
Air France's refusal to take part in Alitalia's capital increase is forcing the management of the main Italian carrier and the Italian government to look for alternative paths to ensure the survival of... more
Finance and economyAircraft and finance. IAG believes in Iberia: profit forecast raised
London, United Kingdom - Margins improve for British Airways, good results also for Vueling
International Airlines Group (IAG) raised its forecasts for profits for 2015, on the basis of a renewed confidence in Iberia's recovery, on improved margins for British Airways and savings from the integration... more
Finance and economyAircraft and finance. Air France says officially no to Alitalia's capital increase
Paris, France - The two companies will remain commercial partners
"Air France-KLM will not subscribe to the capital increase [of Alitalia]". With these words the French-Dutch group, confirming rumours which leaked during the past days, communicated its intention of not... more