Finance and economy
3,166 news found
Finance and economyAircraft and finance. Ryanair cuts its profit forecasts once again
Dublin, Ireland - Shares of the Irish airline down by almost 12%
Ryanair issued today, Monday 4 November 2014, his second profit warning in two months (AVIONEWS). The announcement caused a decrease of almost 12% of the low-cost carrier share value, to 5.37 Euro. The... more
Finance and economyAircraft and finance. AA and US Airways ready to get rid of some slots to go on with the merger
Washington, USA - The companies are reportedly available to reduce their presence at "Reagan" Washington Airport to satisfy the Department of Justice
According to rumours reported by the "Wall Street Journal", American Airlines and US Airways are ready to sell some of their slots at Washington's "Reagan" National Airport and in sevreral other hubs across... more
Finance and economyAircraft and finance. AA, US Airways and Department of Justice accept mediation before merger's hearing
Washington, USA - If the intervention is not successful, the first hearing is scheduled on November 25
American Airlines, US Airways and the Department of Justice (DoJ) of the United States have accepted the intervention of a mediator which will have to try to find an agreement before the beginning of the... more
Finance and economyAirplanes and finance. Boeing reports strong third-quarter results
Chicago, Usa - And it raises 2013 EPS guidance
Boeing reports strong third-quarter results and raises 2013 EPS Guidance. The highlights are: - Core EPS (non-GAAP) rose 16 percent to $1.80 on strong operating performance; GAAP EPS of $1.51 -... more
Finance and economyAircraft and finance. Ferrovial sells 463-million-Euro stake in Heathrow Airport
London, United Kingdom - The purchaser is a British pension fund
Ferrovial has reached an agreement for the sale of a part of its stake in FGP Topco, the holding which owns Heathrow Airport Holdings (HAH), the management firm of London-Heathrow, the busiest European... more
Finance and economyAircraft and finance. Air France considers dilution of its stake in Alitalia
Paris, France - Rumours on the French press, no official declaration from the company
According to rumours reported in the morning of today, Monday 21 October 2013, by the French newspaper "Les Echos", Air France is taking into consideration the possibility of diluting its stake in Alitalia,... more
Finance and economyAircraft and finance. Partial privatization of Croatia Airlines gets Zagreb's approval
Zagreb, Croatia - The operation is expected to require 8-10 months
On Thursday 17 October 2013 Croatian Minister for Transport Sinisa Hajdas Doncic announced that the government of the Balkan country has approved the sale of a 49% stake in the state-owned carrier Croatia... more
Finance and economyAircraft and finance. European Commission about Alitalia: "Italy should have notified us in advance about the operation"
Brussels, Belgium - The EU antitrust watchdog will assess the intervention of Poste Italiane
As announced in the past days, the rescue plan of ALitalia is now under the lens of the European Commission: Brussels means to assess wheteher the measures which have been put in place can be considered... more
Finance and economyAircraft and finance. Brussels greenlights Aegean for Olympic's acquisition: "It would be forced to leave the market in any event"
Brussels, Belgium - A 72-million-Euro operation
The European Commission has cleared the proposed acquisition of Olympic Air by Aegean Airlines, both Greek air carriers, under the EU Merger Regulation. Brussels' in-depth investigation has shown that... more
Finance and economyAircraft and finance. Italian Transport Minister: "Alitalia is not Air France's Cinderella"
Rome, Italy - The French company wants guarantees to take part in the rescue plan
Italian Minister for Transport Maurizio Lupi restated the need of not closing out Alitalia, nd above all of defending its base of customers and jobs in the country. "Alitalia -the Minister explained... more
Finance and economyAlitalia Group: BoD and meeting today after the green light to financial plan of EUR 500 million
Rome, Italy - So divided: € 300 million by way of capital increase; € 200 million of new lines of credit
The Board of Directors of Alitalia -Compagnia Aerea Italiana SpA, chaired by Roberto Colaninno, met last Friday in Rome. The BoD unanimously approved a final budget package totaling € 500 million a... more
Finance and economyAircraft and finance. Swissport enters the handling division of Scandinavian Airlines
Stockholm, Sweden - New initiative in the context of the "4 Excellence Next Generation" restructuring plan
Swissport International and Scandinavian Airlines (SAS) signed an agreement by which the Swiss firm acquires a 10% stake in each of SAS' three ground handling companies in Denmark, Norway and Sweden. The... more
Finance and economyAircraft and finance. Virgin Australia issues notes for 732 million dollars
Canberra, Australia - Investment secured by 24 aircraft of the fleet
Virgin Australia Holdings sent a statement to the Australian Securities Exchange regarding the issue of notes for an overall value of about 732.6 million Australian dollars (732 million US dollars or 539... more
Finance and economyAircraft and finance. Air France: the plan for Alitalia is a guillotine
Rome, Italy - Cut of 4000 jobs, halved fleet, Fiumicino transformed into a second-choice hub
The metting for Alitalia which was held in Rome's Palazzo Chigi with Italian Prime Minister Enrico Letta, the main Italian shareholders, the suppliers, the banks and the Cassa Depositi e Prestiti (an Italian... more
Finance and economyAircraft and finance. Indian government gives final approval to Etihad's entrance in Jet Airways
New Delhi, India - The Middle-Eastern carrier will purchase more than 27 million shares for 332 million dollars
On Friday 4 October 2013 the Indian government provided its final approval to the entrance of Etihad Airways in Jet Airways with a 24% stake: the announcement was given by Uday Morey, spokesperson of the... more
Finance and economyAircraft and finance. American Airlines-US Airways merger: court rejects DoJ's request to postpone the hearing
Washington, USA - The operation, the Judge claimed, has already been delayed by the legal action
Judge Colleen Kollar-Kotelly of US' district court in Washington, DC rejected the request for a postponement filed by the Department of Justice (DoJ) relative to the hearing for the block of the merger... more
Finance and economyAircraft and finance. Republic Airways gets rid of Frontier Airlines in a 145-million-dollar deal
Indianapolis, USA - The operation is expected to be concluded by December
Republic Airways announced the sale of its subsidiary Frontier Airlines to private equity firm Indigo Partners in an operation which is expected to have an overall value of 145 million dollars (107 million... more
Finance and economyAircraft and finance. US' Department of Justice asks postponement of trial against merger of American and US Airways
Washington, USA - The litigation has so far produced almost two million documents
On Tuesday 1st October 2013 the Department of Justice (DoJ) of United States asked US District Judge Colleen Kollar-Kotelly to hold off on the trial relative to the stoppage request for the merger between... more
Finance and economyAutogrill: new share capital
Milan, Italy - And updated by laws
The structure of the share capital of Autogrill SpA, fully subscribed and paid in, has changed following execution of the deed of proportional partial demerger of Autogrill SpA in favour of World Duty... more
Finance and economyAircraft and finance. Gilberto Benetton: "Air France would be a good controlling investor for Alitalia"
Rome, Italy - But, the shareholder clarifies, "The government must control the situation"
On Tuesday 1st October 2013 Gilberto Benetton, who owns an 8% stake in Alitalia through Atlantia, expressed his opinion about the possible acquisition of the main Italian carrier by Air France: "The French... more
Finance and economyEmirates might issue bonds for 4.5 billion dollars to fund new aircraft deliveries
Dubai, United Arab Emirates - 22 billion are needed in the next four years
Brian Jeffery, Emirates senior vice-president for corporate treasury, declared that the Dubai-based company might issue bonds for 4.5 billion dollars (3.33 billion Euros) during fiscal year 2014, in order... more
Finance and economyAircraft and finance. Alitalia acquisition: Air France-Klm group wants more information
Paris, France - The Dutch side of the holding does not seem too sure of the investment
The meeting of the board of directors of Air France-KLM on Monday 23 September was considered a very important turning point towards the possible acquisition of Alitalia by the French-Dutch group. "The... more
Finance and economyAircraft and finance. Air France's board will meet on September 23 to discuss the acquisition of Alitalia
Paris, France - The summit of the Italian airline will take place three days later
According to rumours gathered by "Bloomberg", Air France-KLM's board of directors will meet on September 23 in order to discuss of the possible acquisition of Alitalia. The lock-out which prevents the... more
Finance and economyAircraft and finance. Luxembourg is in talks with Chinese investors over sale of a stake in Cargolux
Luxembourg, Luxembourg - The shares are the ones which were sold back some months ago by Qatar Airways
The Government of Luxembourg confirmed it is in talks with China's Henan Civil Aviation Development and Investment (HNCA) for the sale of a 35% stake in Cargolux. The shares are the ones which were... more
Finance and economyAircraft and finance. Alitalia: is the entrance of both Air France and Etihad the best solution?
Rome, Italy - Board meeting of September 26 is important to find new capitals
The main target for Alitalia and its Chief Executive Officer Gabriele Del Torchio, who has been leading the main Italian airline for just a few months, is still the same: managing to find the needed capitals... more
Finance and economyAircraft and finance. Etihad Airways increases its stake in Virgin Australia
Abu Dhabi, United Arab Emirates - The Middle-Eastern company is now the third largest shareholder in the carrier
Etihad Airways increased its stake in Virgin Australia Holdings, passing from 12.3% to 13.4%. The Abu Dhabi-based carrier is now the third largest shareholder of the Australian company, after Air New Zealand... more
Finance and economyFinmeccanica confirmed in the Dow Jones Sustainability Indexes World and Europe
Rome, Italy - For the fourth consecutive year
Finmeccanica has been selected and admitted for the fourth consecutive year to the Dow Jones Sustainability Indexes (DJSI) that reward the behaviours of the companies most committed to sustainability themes. The... more
Finance and economyAircraft and finance. Turkish Airlines denies report it is interested in Croatia Airlines
Zagreb, Croatia - The company contradicts claims from the Transport Minister of the Balkan country
A few days ago Hajdas Doncic, Croatia's Minister for Sea, Transport and Infrastructure, declared that among he companies which expressed an interest in acquiring a stake in the state-owned carrier Croatia... more
Finance and economyAircraft and finance. Province of Venice sells Save shares and teases the Municipality
Venice, Italy - "There is someone who sells badly", the Budget Councillor claims
The Province of Venice has published the documents with which it puts officially up for sale a 2% stake in Save, the management firm of Venice-Tessera "Marco Polo" Airport. The shares which are put... more
Finance and economyAircraft and finance. Merger operation between DAE and BBA Aviation stopped
Dubai, United Arab Emirates - The news generates a sharp decrease of the shares of the British company
Dubai Aerospace Enterprise (DAE) officially communicated it is no longer in talks with BBA Aviation for a possible integration of certain parts of their companies. The announcement caused a sharp decrease... more
Finance and economyAircraft and finance. Serbian competition watchdog approves Etihad/Jat Airways tie-up for the creation of a new carrier
Belgrade, Serbia - The network of Air Serbia will include 12 additional destinations
The Serbian Competition Protection Commission provided its approval to the creation of Air Serbia: the antitrust watchdog of the Balkan country has indeed ruled that the acquisition of a 49% stake of the... more
Finance and economyAircraft and finance. Ryanair downsizes its growth forecasts
Dublin, Ireland - The stocks of the low-cost company fall
Ryanair issued a profit warning for its investors, claiming that its growth and profit forecasts for the ongoing fiscal year will not be met. The profits forecast this year was between 570 and 600 million... more
Finance and economyAircraft and finance. Hochtief completes sale of its shares in Sydney Airport
Essen, Germany - The German company expects to conclude the whole operation of the sale to Psp by year's end
Hochtief AirPort completed the transfer its shares in Sydney Airport to the Canadian investor Public Sector Pension Investment Board (PSP Investments, Canada). The transaction resulted in a cash inflow... more
Finance and economyAircraft and finance. Province of Venice sells part of its stake in the management firm of the airport
Venice, Italy - Proceeds of 15 million Euros expected
The Province of Venice is going ahead with its programme for the sale of the shares of Save, the management firm of Venice-Tessera "Marco Polo" Airport, which is aimed to maintain the stability of the... more
Finance and economyAircraft and industry. Marshall ADG acquires Hawker Beechcraft Ltd
Cambridge, United Kingdom - The name of the company will be changed in Marshall Aviation Services
Marshall Aerospace and Defence Group (Marshall ADG) acquired Hawker Beechcraft Limited, the MRO (Maintenance, Repair and Overhaul) division for Europe, Middle East and Africa of the historical US' aerospace... more
Finance and economyAircraft and finance. Aegean Airlines cuts its costs and is back in the black in the first half of 2013
Athens, Greece - Operating profit of 30.4 million Euros
The heavy economic crisis which has hit Greece has obviously involved also the air transport sector, creating difficulties to airports and carriers. However, Aegean Airlines, thanks to a cost reduction... more
Finance and economyAutogrill: World Duty Free SpA files application for admission to listing
Milan, Italy - As part of the proportional partial demerger approved by the meetings of the two companies last June
World Duty Free SpA (WDF) filed last Friday an application for the listing of its ordinary shares on the Mercato Telematico Azionario (electronic stock market) organised and managed by Borsa Italiana SpA. The... more
Finance and economyAircraft and finance. Ryanair announces fighting against the decision of UK's competition watchdog
Dublin, Ireland - "This report is manifestly wrong"
On Wednesday 28 August 2013 the Competition Commission of the United Kingdom required Ryanair to sell its 29.8 per cent stake in Aer Lingus down to 5 per cent (AVIONEWS). In its report the antitrust watchdog... more
Finance and economyAircraft and finance. UK's competition watchdog requires Ryanair to sell 5% of Aer Lingus shares
Dublin, Ireland - The low-cost company will be obliged not to seek or accept board representation in the legacy airline
On Wednesday 28 August 2013 the Competinio Commission of the United Kingdom required Ryanair to sell its 29.8 per cent stake in Aer Lingus down to 5 per cent. This will be accompanied by obligations on... more
Finance and economyAircraft and finance. Dubai Aerospace prepares merger with BBA Aviation
Dubai, United Arab Emirates - The integration would involve some parts of the two companies
On Tuesday 27 August 2013 Dubai Aerospace and BBA Aviation officialy confirmed they are in talks for a possible integration of certain parts of their companies. Dubai Aerospace Enterprise (DAE) is an... more
Finance and economyAircraft and finance. All Nippon Airways means to purchase a 49% stake in Asian Wings
Tokyo, Japan - It would be the first investment in a Myanmar-based carrier from a foreign company
ANA Group, parent company of All Nippon Airways, announced on Tuesday 27 August 2013 the intention to acquire a 49% stake in Asian WIngs Airways, in order to expand its presence in the lucrative market... more
Finance and economyAircraft and finance. Ryanair might be forced to sell its stake in Aer Lingus
Dublin, Ireland - According to rumours, the ultimatum of the competition Commission might arrive on Tuesday
According to rumours reported by the British media, this week Ryanair might receive an ultimatum from UK's Competition Commission for the sale, total or partial, of the stake that the low-cost carrier... more
Finance and economyAircraft and finance. Save: changes in the ownership structure of Venice Airport's management firm
Venice, Italy - Amber Capital increases its stake to 16.5% and strengthens its position as second shareholder
Small but significant changes in the ownership structure of Save, the management firm of Venice-tessera "Marco Polo" Airport: as communicated by Borsa Italiana, Amber Capital purchased 774,223 shares (2%),... more
Finance and economyAircraft and finance. Air Canada announces results for the second quarter 2013
Montreal, Canada - Positive not only in financial terms, but also improvements in the operating performance
Air Canada reports second quarter 2013 results. The highlights are: - Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of... more
Finance and economyAircraft and finance: deadline extended for ILFC sale
New York, USA - The Chinese consortium will have time until 31 August
Today has come the news about the extension of the deadline for the sale of ILFC (International Lease Finance Corporation), one of the reference aircraft leasing companies in the world. It has been... more
Finance and economySpiceJet could sell stake to Tigerair
Singapore, Singapore - According to airline sources
The Indian low-cost carrier SpiceJet, would be currently in negotiations with the Singapore low-cost airline Tigerair for the sale of part of its stake and a code-sharing agreement. The news has been... more
Finance and economyAircraft and transport: Turkish Airlines interested in acquiring Olympic Air
Athens, Greece - It would like to acquire 100% of the Greek airline
Turkish Airlines (Thy) is interested in acquiring 100% of the shares of the Greek airline Olympic Air. The news of the possible sale has not been well received by the Hellenic airline’s employees a... more
Finance and economyAircraft and finance. Hochtief will take part in the tender for "LaGuardia" New York Airport
New York, USA - For the new terminal building and management
The German company Hochtief will participate in the tender for the concession of the building of the new terminal in "LaGuardia" New York Airport. The building company based in Essen, Germany, will... more
Finance and economyAircraft and finance. Iberia restcturing improves IAG's performance
London, United Kingdom - "There remains a lot of work to do [but] the trend is clearly positive", Willie Walsh claims
The implementation of Iberia' restructuring plan is producing positive results for IAG, (International Airlines Group, the holding which includes the most important Spanish company and British Airways). During... more
Finance and economyItaly. Milan airports: Board of Directors approves six month financial report at June 30, 2013
Milan, Italy - Decrease of the passenger traffic in two airports of Linate and Malpensa
The Board of Directors of SEA SpA (Milan airports management company) approved yesterday the six month financial report of the Group at June 30, 2013, during its meeting, under the presidency by Pietro... more