Finance and economy
3,188 news found
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
Finance and economyAircraft and finance. TBI sells London-Luton Airport for 502 million Euros
London, United Kingdom - The purchaser is a consortium formed by AENA and AXA Private Equity
TBI, a company owned by abertis (90%) and Aena Internacional (10%), has agreed to sell the company holding the concession for London Luton Airport to a consortium formed by Aena (51%) and AXA Private Equity... more
Finance and economyEADS appoints broker to manage share buyback programme
Amsterdam, Holland - To purchase them for the period from August 1 to October 25, 2013
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 the... more
Finance and economyFinmeccanica: the Board of Directors approves the half-year financial report at 30 June
Rome, Italy - The main figures of the first six months and of the second quarter 2013
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Giovanni De Gennaro, has examined and unanimously approved the Half-Year Financial Report at 30 June 2013. Comments... more
Finance and economyEADS reports half-year results in 2013 driven by its commercial aircraft business
Amsterdam, Holland - Strategy Review Update
EADS reports solid Half-Year (H1) results. • Revenues increase 6 percent to € 26.3 billion • EBIT before one-off rises 21 percent to € 1.6 billion • Net Income rises 31 percent to € 759 million... more
Finance and economyAutogrill: Board of Directors approves results at 30 June 2013
Milan, Italy - Group results buoyed by strong airport operations
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results to 30 June 2013. Warning Following the approval of the demerger project by the shareholders’ m... more
Finance and economyAircraft and finance. Consortium with TAV and ADP qualifies for New York's "LaGuardia" airport tender
New York, USA - The hub's terminal operates well above its capacity
The LGA Central Terminal Consortium received preliminary qualification to place a bid in the tender for the design, build, finance, operate and maintain the new Central Terminal Building of New York's... more
Finance and economyAvio: results for the first half of 2013
Rivalta di Torino, Italy - Order backlog to 6.9 billion euro
The Board of Directors of Avio SpA has reviewed the figures for the first half of 2013. The company reported revenue of 1,244 million euro for the period ended on June 30, marking an increase of approximately... more
Finance and economyAircraft and finance. Haji-Ioannou increases its stake in fastjet
London, United Kingdom - "I have faith that Ed Winter will take the company to the next level"
British entrepreneur Sir Stelios Haji-Ioannou, who is mainly known in the air transport industry to be the founder of easyJet, increased his stake in fastjet, the African low-cost company which started... more
Finance and economyAir India obtains bridge-loan for Dreamliner aircraft
Mumbai, India - The agreement reaches a 500 million dollars value
The Indian flag carrier Air India will have a 500 million dollar bridge loan for the purchase of Boeing 787 Dreamliner aircraft. Airline sources announced: "We have got financing for all the five Dreamliners... more
Finance and economyAircraft and finance. American Airlines issues EETC for 1.4 billion dollars
Fort Worth, USA - Investment secured by 75 airplanes
American Airlines announced the private offering of Class A Pass Through Certificates in the aggregate face amount of more than 1.4 billion dollars (about 1.07 billion Euros or 917 million pounds). The... more
Finance and economyAircraft and transport. EasyJet's revenues are flying higher than forecasts
London, United Kingdom - Pre-tax profits should be between 450 and 480 million pounds
The latest financial figures relative to easyJet show that the profits of the second largest European low-cost carrier for the current fiscal year will probably exceed the analysts' forecasts, thanks to... more
Finance and economyAircraft and finance. Ryanair offers to sell its stake in Aer Lingus
Dublin, Ireland - The low-cost company attacks the UK's Competition Commission: "Unfounded and invented concerns"
On Tuesday 23 July 2013 in a surprise move Ryanair declared it is available to sell uinconditionally its 6-and-a-half-year-old 29% stake in Aer Lingus to any other EU airline that makes an offer for the... more
Finance and economyAircraft and finance. Virgin Australia completes acquisition of a 60% stake in Tiger Airways
Canberra, Australia - John Borghetti appointed president of the low-cost carrier
Virgin Australia Holdings completed the acquisition of a majority stake in the low-cost carrier Tiger Airways. The agreement between the two companies was reached in October 2012: the Brisbane-based... more
Finance and economyAircraft and finance. Wizz Air to be listed at London Stock Exchange?
London, United Kingdom - The possible IPO would have a value of 930 million Euros
According to rumours which are circulating on the financial media Wizz Air, the largest East-European low-cost carrier, means to be listed at London Stock Exchange. The Hungarian company has reportedly... more
Finance and economyAircraft and courts. USA: legal action against American Airlines-Us Airways merger
San Francisco, USA - The Fort Worth-based company defends the operation: "Baseless lawsuit"
A group of consumers started a legal action in federal district court in San Francisco against the proposed merger of American Airlines and US Airways, an operation which would create the world's largest... more
Finance and economyAircraft and industry. Avio acquisition by General Electric: Brussels clears the operation
Brussels, Belgium - The European Commission accepts the commitments of the US' company
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the aviation business of Avio (Italy) by General Electric (GE) of the United States. The decision is conditional... more
Finance and economyAircraft and finance. France sells 9.5 million shares in Aeroports de Paris
Paris, France - Paris keeps a 50.63% stake in the airport operator
France's Ministry for Finance and the Fonds Stratégique d'Investissement sold an overall stake of 9.5 million shares in Aeroports de Paris (AdP), the management firm of Paris' "Charles de Gaulle" and... more
Finance and economyAircraft and finance. British Airways issues 927-million-dollar EETCs
London, United Kingdom - "We diversify our sources of funding", IAG's CFO comments
International Consolidated Airlines Group announced the successful launch by British Airways of an inaugural 927-million-dollar publicly-traded bond issue, using aircraft as collateral. These bonds are... more
Finance and economyAircraft and finance. Finnair denies the hypothesis of a merger with SAS
Vantaa, Finland - "Declarations taken out of context", the company claims
Finnair denied the possibility of a merger with Scandinavian Airlines (SAS), which emerged during an interview released by the Chief Executive Officer of the Finnish carrier to the Danish financial newspaper... more
Finance and economyUS Ex-Im Bank: court rejects Delta's appeal and confirms financing for Air India aircraft
Washington, USA - "This represents a victory for tens of thousands of American aerospace workers", the president of the agency claims
Washington Appeal Court rejected the appeal which was presented by Delta Air Lines and the Airline Pilots Association against the Export-Import Bank, the agency for export credit agency of the government... more
Finance and economyAircraft and finance. Spain: privatization in view for AENA?
Madrid, Spain - The public offer might involve a stake between 40% and 60%
According to rumours reported by the Spanish financial newspaper "Expansiòn", Madrid's government is considering the hypothesis of the privatization of the public airport operator AENA (Aeropuertos Españoles y... more
Finance and economyAircraft and finance. European Commission: unconditional approval for Delta-Virgin partnership?
Brussels, Belgium - Final decision expected by June 20
According to rumours which leaked in the past hours, the European Commission is expected to grant its unconditional approval to the acquisition of a 49% stake in Virgin Atlantic Airways by Delta Air Lines. The... more
Finance and economyAircraft and finance. AirAsia wants to quit the joint-venture with ANA for AirAsia Japan
Kuala Lumpur, Malesia - The low-cost company is struggling to take off
According to some reports released by the Japanese media. AirAsia is willing to quit the joint-venture with All Nippon Airways (ANA), which was created to handle the low-cost carrier AirAsia Japan. "Ending... more
Finance and economyAircraft and finance. Qantas and China Eastern sell a 33% stake in Jetstar Hong Kong
Hong Kong, China - A 66-million-dollar operation
Qantas and China Eastern Airlines announced the sale of a 33.3% stake in Jetstar Hong Kong, the subsidiary of Jetstar Airways which was launched in 2012 but is still waiting to receive the ratification... more
Finance and economyAutogrill: its shareholders' meeting approves 2012 financial statements and appoints a director
Milan, Italy - Last year was characterised by a strengthening of the airport business
The Shareholders of Autogrill SpA met today under the chairmanship of Gilberto Benetton in an ordinary session. 2012 Separate financial statements approved At the Shareholders’ meeting, the 2012 s... more
Finance and economyAutogrill: WDFG SAU entered into a medium/long-term loan agreement
Milan, Italy - The loan will be utilized by the end of June
Autogrill SpA announced that World Duty Free Group SAU, the Spanish company leading the Group’s Travel Retail & Duty Free business, has entered into a medium/long-term loan agreement for an aggregate a... more
Finance and economyFinmeccanica: shareholders' meeting approves 2012 financial statements
Rome, Italy - At 31 December 2012, the Group’s results were higher
The Shareholders' Meeting of Finmeccanica SpA, held yesterday in Rome, approved the Company's financial report for the Full Year 2012 and reviewed the consolidated financial report. At 31 December 2012,... more
Finance and economyAircraft and finance. France plans to reduce its stake in Aéroports de Paris
Paris, France - The sale might involve about 10 million shares
France's Minister for Finance Pierre Moscovici declared that the government of the European country is planning the sale of about ten million shares (corresponding to an around 10% stake) it currently... more