Finance and economy
3,188 news found
Finance and economyAircraft and finance. Ryanair might be forced to reduce its stake in Aer Lingus
London, United Kingdom - According to the preliminary report of the UK's Competition Commission, the shareholding might influence the strategies of the legacy carrier
Ryanair Faces having to reduce its shareholding in Aer Lingus, after the Competition Commission (CC) of the United Kingdom provisionally decided that its 29.8% stake could reduce competition on routes... more
Finance and economyAircraft and finance. US Airways issues EETC for 100 million dollars
Tempe, USA - Distribution scheduled in June 2018
US Airways announced it issued an offering of Enhanced Equipment Trust Certificates (EETC) in the aggregate face amount of about 100 million dollars. This is an additional issuance from the company's Series... more
Finance and economyAircraft and finance. Flybe reaches agreement with easyJet for slot sale at London-Gatwick Airport
London, United Kingdom - The low-cost company will pay 20 million pounds
Flybe Group has completed an agreement with easyJet for the sale 25 pairs of arrival and departure slots at Gatwick airport for a total consideration of 20 million pounds (23.7 million Euros or 30 million... more
Finance and economyAircraft and finance. Serbian government will receive Etihad's offer for Jat Airways during this week
Belgrade, Serbia - Experts of the Middle-Eastern carrier assessed the company
According to rumours, in a few days, probably by this week, the Serbian government will receive an offer from Etihad Airways for the purchase of a minority stake in Jat Airways, the carrier owned by Belgrade's... more
Finance and economyAircraft and finance. Slovenian government plans privatization of Adria Airways and Ljubljana Airport
Ljubljana, Slovenia - Process are expected to start in September
Slovenian Minister for Finance Uros Cufer declared that Ljubljana's government is planning to launch a wide privatization programme which will involve also the State-owned airline Adria Airways and Ljubljana... more
Finance and economyAirplanes and catering: Dnata purchases Servair Airchef's shares
Dubai, United Arab Emirates - The Dubai company buys 100% of the stake
It's official: Dnata will acquire Servair Airchef’s shares in Italy. Dnata is a supplier of air services, based in Dubai, founded in 1959, which serves 37 countries all around the world. The company s... more
Finance and economyAircraft and finance. Etihad Airways acquires three Abu Dhabi-based airport services companies
Abu Dhabi, United Arab Emirates - The airline continues its expansion programme
Etihad Airways, the national airline of the United Arab Emirates, has finalised the agreement to acquire three airport services companies which operate in the sector of in-flight catering services, ground... more
Finance and economyAirplanes and finance. A 175-million dollar hit: Changi sells stake in Italy's Gemina
Singapore, Singapore - Shares have been sold for 1,43 euros
Changi Airport, the Singapore Airport management trust, has sold its own Italy's Gemina stake, a spokesman has told the news agency "Reuters" today. The stake, which was 8,36% of the Italian company, has... more
Finance and economyAircraft and finance. LATAM plans 1-billion-dollar capital increase
Las Condes, Chile - The proposal will be voted at the shareholder meeting on June 11
LATAM Airlines Group, Latin America's largest airline by market value, is planning the launch of a 1-billion-dollar (roughly 777 million Euros or 657 million pounds) capital increase, in order to finance... more
Finance and economyFinmeccanica: the BoD approves the Interim Financial Report at 31 March 2013
Rome, Italy - Results in line with the expectations
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of the Vice-Chairman, Admiral Guido Venturoni, examined and unanimously approved the Interim Financial Report at 31 March... more
Finance and economyEADS achieved a solid start to 2013 with first quarter
Amsterdam, Holland - Revenues and profitability driven by commercial aircraft deliveries
EADS reports improved first quarter (Q1) results 2013. • Revenues increase 9 percent to € 12.4 billion • EBIT before one-off rises 56 percent to € 741 million • Net Income rises 91 percent to € 241... more
Finance and economyAutogrill: the BoD approves the interim report
Milan, Italy - Good performance in the airport channel
The board of directors approves the interim report to 31 March 2013. The highlights are: · Consolidated revenues: EUR 1,239.6m vs EUR 1,241.5m in 1st quarter 2012 (down 0.2% at current exchange... more
Finance and economyAircraft and finance. IAG launches convertible bond to fund the acquisition of Vueling
London, United Kingdom - Maturity scheduled in 2018
International Airlines Group (IAG) is launching a senior unsecured convertible bond offer of up to an approximate maximum amount of 400 million Euros to fund its acquisition of Vueling: The bonds,... more
Finance and economyAircraft and finance. Flybe might sell its London-Gatwick slots. easyJet is interested
London, United Kingdom - The company might move its operations in the capital to Luton
In response to the numerous rumours which have leaked during the past days, the board of Flybe sent a statement to the London stock exchange to confirm the it is in discussions with a number of parties... more
Finance and economyAircraft and finance. Ex-Im Bank approves loan guarantee for GOL
Washington, USA - The agency also supports the export of a Boeing 737 for the Brazilian company
The Export-Import Bank of the United States approved a final commitment for a 45.5-million-dollar loan guarantee to the Brazilian airline VRG Linhas Aereas S.A. (GOL). The agency's financing will support... more
Finance and economyAircraft and finance. Greek government: sale of Hochtief's stake in Athens Airport does not change privatization plans
Athens, Greece - PSP is a "Reliable investor", the Development Minister claims
Sources of the Greek government communicated that the sale of the stake which was owned by Hochtief in Athens "Eleftherios Venizelos" Airport does not modify the plans for the privatization of the capital's... more
Finance and economyAircraft and finance. Hochtief sells airport division for 1.1 billion Euros
Essen, Germany - The purchaser is a Canadian investment fund
On Tuesday 7 May 2013 Hochtief announced it entered into a sale and purchase agreement with a subsidiary of Canada's Public Sector Pension Investment Board (PSP Investments) for the sale of all shares... more
Finance and economyAutogrill: BoD approves proportional partial demerger project for the Travel Retail and Duty Free business
Milan, Italy - The purpose of the demerger is pre-eminently industrial
Meeting last Friday, the board of directors of Autogrill SpA approved the project of proportional partial demerger (pursuant to art. 2506 and following, Italian Civil Code) whereby Autogrill SpA (Autogrill)... more
Finance and economyHelicopters and finance. Great success for Avincis' bond, offer oversubscribed by a factor of 3
Rome, Italy - The proceeds will be invested in the purchase of new aircraft
The bond which was issued by Avincis, the world's leading provider of aerial services for mission-critical operations, has been a great success. The bookrunners for the placement (JPMorgan, Rbs, Kkr... more
Finance and economyAircraft and finance. SAS sells 80% of Wideroe's shares
Stockholm, Sweden - A full divestment is scheduled in 2016
Scandinavian Airlines (SAS) Group has signed an agreement to sell 80% of its shares in Wideroe, the group's regional subsidiary, to a group of investors consisting of Torghatten ASA, Fjord1 AS and Nordland... more
Finance and economyAircraft and finance. Norwegian interested in LOT's takeover?
Warsaw, Poland - The CEO of the Scandinavian company met representatives of the Polish government
Norwegian Air Shuttle's communications director Anne-Sissel Skanvik confirmed that, in the past days, Bjorn Kjos, Chief Executive Officer of the Scandinavian carrier, met in Warsaw with representatives... more
Finance and economyAircraft and finance. Etihad's CEO and CFO to join Jet Airways' management
New Delhi, India - The board will have 10 or 11 members total
James Hogan and James Rigney, respectively CHief Executive Officer and Chief Financial Officer of Etihad Airways, will join the board of directors of Jet Airways, following to the acceptance of the offer... more
Finance and economyAircraft and finance. Integration of Thomas Cook's German subsidiaries to be completed on May 1st
Peterborough, United Kingdom - The two companies will operate under one Air Operator Certificate
Thomas Cook Group communicated that the merger of the two German subsidiaries of the Peterborough-based company, Condor Flugdienst and its wholly owned subsidiary Condor Berlin GmbH, will complete on 1... more
Finance and economyBoeing: 1Q results and 2013 guidance
Chicago, Usa - Commercial airplanes: Defense, Space & Security
Boeing reports strong first-quarter results and reaffirms 2013 guidance. The highlights are: - Core EPS (non-GAAP) rose 24 percent to $1.73 on strong operating performance; GAAP EPS of $1.44 -... more
Finance and economyAircraft and finance. Air Canada issues EETC worth more than 606.3 million US dollars
Montreal, Canada - The proceeds will finance the acquisition of five new Boeing 777/300ER
Air Canada announced the private offering of two tranches of Enhanced Equipment Trust Certificates (EETC), in the aggregate face amount of 606,270,000 US dollars (roughly 466 million Euros or 397 million... more
Finance and economyAircraft and finance. Jet Airways board accepts Etihad's offer for the sale of a minority stake
New Delhi, India - The Middle-Eastern carrier will pay 10.71 Euros per share
On Wednesday 24 April 2013 the board of the Indian carrier Jet Airways communicated in a note sent to Bombay Stock Exchange it has accepted the offer of Etihad Airways for the purchase of a minority stake:... more
Finance and economyAircraft and finance. Aegean-Olympic merger: European Commission launches investigation
Brussels, Belgium - Brussels has concerns that the transaction may lead to less competition on the routes to and from Athens
The European Commission has opened an in-depth investigation under the EU Merger Regulation into the proposed acquisition of Olympic Air by Aegean Airlines (AVIONEWS). Each of the two Greek carriers operates... more
Finance and economyAvio: financial results 2012. Investment reaches €161 million; Order book of €6.9 billion
Rivalta di Torino, Italy - Preparations are in train for Vega’s first commercial flight in May
Today, Avio announces its full-year financial results for 2012, marking yet another flagship moment in the company’s journey towards growth and development. In 2012, the Group -a reference in the a... more
Finance and economyAircraft an finance. Vueling shareholders accept IAG's offer: the low-cost carrier to be part of the Anglo-Spanish group
Madrid, Spain - The acquisition will be completed on April 26
Vueling, the Spanish low cost carrier based in Barcelona, is to become part of IAG (International Airlines Group, the holding which includes British Airways and Iberia), after the majority of its shareholders... more
Finance and economyAircraft and finance. Acquisition of Tiger Airways by Virgin Australia receives approval from antitrust watchdog
Canberra, Australia - According to the authority the operations is unlikely to lead to a substantial lessening of competition
The Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the proposed acquisition by Virgin Australia Holdings of 60% of Tiger Airways Australia, and has de facto... more
Finance and economyAircraft and finance. Finnair sells its stake in Norwegian Air
Vantaa, Finland - A 53-million-Euro operation
Finnair, the Finnish carrier which is 57.04% owned by Helsinki's government, sold its 4.69% stake in Norwegian Air Shuttle, equal to 1,649,862 shares for approximately 53 million Euros: the company's capital... more
Finance and economyAircraft and finance. Chinese investors for Greek airports
Athens, Greece - Interest for Athens' "Eleftherios Venizelos" and 37 regional hubs
Greece's Minister for Finance Yiannis Stournaras met with representatives of the management of Shenzhen Airport Company and of Friedmann Pacific Asset Management in order to discuss of the privatization... more
Finance and economyEADS (2) appoints broker to manage share buyback programme
Amsterdam, Holland - A mandate to re-purchase of a number of its shares not exceeding 43 million
EADS has entered into an 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 Fre... more
Finance and economyEADS confirms the conclusion of an agreement with the French State
Amsterdam, Holland - For the acquisition of a stake of 1.56% in the Group for EUR 482.7 million
Further to its announcement of 15 April 2013 and in the frame of its share buyback programme, EADS confirms the conclusion of a share purchase agreement with the French State for the acquisition off-market... more
Finance and economyAircraft and finance. Lebanon's MEA interested in acquiring Cyprus Airways
Nicosia, Cyprus - The fleet of the Cypriot carrier to be downsized
Cyprus Airways confirmed rumours about a possible sale of the main Cypriot carrier, which is partially state-owned, communicating that the executives of the company and Transport Minister Tasos Mitsopoulos... more
Finance and economyEADS: discussions with the French State for the potential acquisition of a stake of 1.56%
Amsterdam, Holland - It will communicate the details later
In the frame of its 18-month share buyback programme announced on 2 April 2013, EADS indicates that it is entering into discussions with the French State for the potential acquisition off-market of a stake... more
Finance and economyAircraft and transport. Almunia: "Blocking Ryanair's takeover of Aer Lingus wasn't a political decision"
Washington, USA - The European Commissioner for Competition defends Brussels' decision
The European Commissioner for Competition Joaquín Almunia, speaking with journalists during a visit in Washington to meet his US' counterparts of the Federal Trade Commission, commented the missed approval... more
Finance and economyAircraft and finance. New Blue Air board is looking for investors
Bucharest, Romania - According to sources of the Romanian airline, six firms have already shown their interest
Blue Air's new board of directors, which started its work yesterday, Thursday 11 April 2013, is looking for partners available to invest in the Romanian low-cost carrier. The new managing staff includes... more
Finance and economyUS Airways: 820 million dollars in EETC to finance purchase of 18 Airbus aircraft
Tempe, USA - Issue on April 24, distributions in 2021 and 2025
US Airways announced that it priced an offering of two classes of Enhanced Equipment Trust Certificates (EETC) in the aggregate face amount of approximately 820 million dollars (about 625 million Euros... more
Finance and economyAircraft and finance. IAG CEO: no merger between Vueling and Iberia
Abu Dhabi, United Arab Emirates - "The low-cost carrier will operate as a stand-alone entity in the group"
Meeting the journalists on the sidelines of the "Tourism Council Global Summit" in Abu Dhabi Willie Walsh, Chief Executive Officer of International Airlines Group (IAG, the holding which includes British... more
Finance and economyAircraft and finance. Vueling's board asks shareholders to accept IAG's offer
Madrid, Spain - The way for the integration of the low-cost carrier in the Anglo-Spanish holding is now paved
Vueling's board of directors, after the meeting held in the evening of Tuesday 9 April 2013, recommended its shareholders to accept the takeover offer presented by IAG (International Airlines Group, the... more
Finance and economyAircraft and finance. Matutes will not make a counter-offer for Vueling
Madrid, Spain - According to rumours, the Spanish group had plans to try the takeover of the low-cost carrier
Spain's Grupo Empresas Matutes denied it is planning to present an offer for the acquisition of the carrier Vueling in a bulletin sent to the Comisión Nacional del Mercado de Valores (CNMV), the Spanish... more
Finance and economyEADS about share buyback programme status: acquired 1.61% of its own shares
Amsterdam, Holland - For an amount of EUR 500 million
EADS acquired 1.61 percent of its own shares for an amount of € 500 million in the placement made by Lagardère of its full stake in EADS as published on 8 April 2013. This repurchase by EADS took place in... more
Finance and economyAircraft and finance. Privatization of the management firm of Palermo Airport gets started
Palermo, Italy - Interest from Argentina and Middle East
The privatization process of Gesap, the management firm of Palermo "Falcone and Borsellino" Airport, gets started today, Monday 8 April 2013. Municipality, Province and Chamber of Commerce of Palermo... more
Finance and economyAircraft and finance. Lagardère Group confirms disposal of its stake in EADS by the end of July
Paris, France - A "Significant portion" of the proceeds would be distributed to the shareholders
The French group Lagardère confirmed today, Friday 5 April 2013, its intention to dispose of its 7.5% stake in European Aeronautic Defence and Space Company (EADS) by July 31, 2013. an operation which... more
Finance and economyAircraft and finance. Lebedev sells Red Wings for 0.02 Euro
Moscow, Russia - The Russian billionaire has not disclosed the names of the buyers
He said it, he did it. When a few weeks ago billionaire Alexander Lebedev announced his intention to sell Red Wings, the low-cost company whose Air Operator Certificate (AOC) was revoked on February 4... more
Finance and economyInvestissement Québec earmarks 1 billion dollars to support the sales of Bombardier's CSeries aircraft
Montreal, Canada - The financing will cover about 10% of the purchase price
Investissement Québec, the Canadian public corporation whose mission is to contribute to Québec’s economic development by stimulating investment and fostering employment, earmarked 1 billion US dollars (ro... more
Finance and economyAircraft and finance. IAG's offer for Vueling gest approval of Spain's Securities Market Commission
Madrid, Spain - The acceptance period will end on April 19
The Comisión Nacional del Mercado de Valores (CNMV), the Spanish government agency responsible for the financial regulation of the securities markets, communicated it has authorized the increase of the... more
Finance and economyAircraft and finance. Pegasus Airlines: around a third of the company for sale in mid-April
Istanbul, Turkey - The offer is mainly oriented towards foreign investors
According to rumours, in mid-April Pegasus Airlines will launch an initial public offering of around one third of the stock of shares of the Turkish carrier. The operation, which has Barclays and Is Yatirim... more
Finance and economyAircraft and finance. Intro Aviation might acquire a majority stake in Adria Airways
Ljubljana , Slovenia - The company owned by the Slovenian government could be integrated into the Air Berlin Group
Intro Aviation, one of the most important consultancy firms in the aviation industry, is close to acquire a majority stake in Adria Airways, the airline owned by the Government of Slovenia. The intention... more