Finance and economy
3,166 news found
Finance and economyAircraft and finance. B&H Airlines faces possible bankruptcy
Sarajevo, Bosnia and Herzegovina - Austrian bank blocks the company's accounts
Enver Bijedic, the minister for transport and communications of Bosnia and Herzegovina, declared that B&H Airlines is facing a concrete risk of bankruptcy, because of the outstanding debt with an Austrian... more
Finance and economy1.1-billion-dollar financing for Lion Air B-737/900ER aircraft approved by US Ex-Im Bank
Washington, USA - Airplanes destined to the Indonesian carrier and its subsidiaries Batik Air and Malindo Airways
The Export-Import Bank of the United States (Ex-Im Bank), the official export credit agency of the United States federal government, communicated it has approved a final commitment of 1.1 billion dollars... more
Finance and economyAircraft and finance. Emirates reportedly ready to issue Islamic bonds
Dubai, United Arab Emirates - Six banks hired to arrange meetings with investors
According to rumours released by media in the United Arab Emirates, the Dubai-based carrier is ready to issue a second Islamic bond, the so-called Sukuk, worth 500 million dollars (roughly 383 million... more
Finance and economyAircraft and finance. Korean Air's offer for Czech Airlines is probably the only one Prague has received
Prague, Czech Republic - The Asian company confirms its interest, Prague's Ministry of Finance declines to comment
On Monday 4 March 2013 Korean Air, through its spokesperson Nathan Cho, officially confirmed its interest into the acquisition of a 44% stake in Czech Airlines, the carrier owned by the government of the... more
Finance and economyAircraft and finance. Failed Aer Lingus takeover by Ryanair (3): the reactions
Brussels, Belgium - The low-cost carrier announces its appeal to the EU's General Court
The prohibition to the third takeover attempt of Aer Lingus by Ryanair calls a halt to a very long affair which in the past months gathered the attention of the whole air transport industry. Brussels'... more
Finance and economyAircraft and finance. Red light for the takeover of Aer Lingus by Ryanair: the European Commission explains its reasons
Brussels, Belgium - According to Brussels, the operation would have created a monopoly
The European Commission has prohibited, on the basis of the EU Merger Regulation, the proposed takeover of the Irish flag carrier Aer Lingus by the low-cost airline Ryanair. The acquisition would have... more
Finance and economyEADS Group, full year results 2012: strong revenue and profit growth
Amsterdam, Holland - The order intake totalled € 102.5 billion
EADS reports strong full year results 2012. The highlights are: • Revenues increase 15 percent to € 56.5 billion • EBIT before one-off up 68 percent to € 3.0 billion • Net Income rises 19 percen... more
Finance and economyAircraft and finance. 120-million-Euro bond for airberlin
Berlin, Germany - Etihad Airways to subscribe a 29,21% share
Airberlin is launching a new convertible bond of approximately 120 million Euro with a maturity of six years. The bonds, which can be converted into Air Berlin PLC stock, are issued at 100% of nominal... more
Finance and economyairberlin: the financial results 2012. Its membership in the oneworld alliance presents further opportunities for growth with access to new destinations
London, UK - The strategic partnership with Etihad Airways has generated additional income
airberlin, the German airline, has returned to profitability. Air Berlin PLC recorded an operating profit before interest and tax (EBIT) of EUR 70.2 million in 2012, reflecting a significant improvement... more
Finance and economyUSA-South Korea agreement for financing of cargo aircraft
Washington, USA - Ex-Im Bank will be able to provide loan guarantees for up to 85% of the cost
On Tuesday 26 February 2013 the Export-Import Bank of the United States (Ex-Im Bank) and the Export-Import Bank of Korea (KEXIM) signed a joint financing framework agreement for US-manufactured cargo aircraft... more
Finance and economyAircraft and finance. MAG interested in Chicago "Midway" Airport
Manchester, United Kingdom - In partnership with IFM, as it did for London-Stansted
Manchester Airports Group is one of the companies interested in the management of Chicago "Midway" Airport: the British firm will run in the tender together with Australia's Industry Funds Management (IFM),... more
Finance and economyAircraft and finance. Abertis may sell its UK airports
Belfast, United Kingdom - Belfast International, Cardiff and London-Luton might be sold to reduce the debt of the Spanish company
The Spanish firm Abertis might sell the three airports it currently operates in the United Kingdom, in order to reduce part of the 14-billion-Euro debt which weighs on the Barcelona-based company. A... more
Finance and economyAircraft and finance. Hochtief once again trying to sell its airports
Essen, Germany - Potential buyers invited to submit their offers
According to some reports of media of the finance sector, Hochtief is trying once again to sell Hochtief AirPort, the airport management division of the German construction company, after a first sale... more
Finance and economyAircraft and finance. IAG will not increase its 113-million-Euro offer for Vueling
Madrid, Spain - The Anglo-Spanish group is still available to pay 7 Euro per share
International Airlines Group (IAG), the holding which includes British Airways and Iberia, rejected reports from some Spanish media which claimed it had intention to increase its offer for the acquisition... more
Finance and economy500-million-dollar loan guaranteed by the US Ex-Im Bank for Aeroflot's Boeing aircraft
Washington, USA - According to the agency, the financing will support about 3200 US jobs
The board of the Export-Import Bank of the United States (Ex-Im Bank), the official export credit agency of the US federal government voted to guarantee a loan of more than 500 million dollars provided... more
Finance and economyAircraft and finance. According to Ryanair, the EC intends to prohibit the takeover of Aer Lingus
Dublin, Ireland - The company has instructed its lawyers to appeal any prohibition decision
Ryanair communicated that, at a State of Play meeting with the EU Commission, it was informed that Brussels intends to prohibit the offer for Aer Lingus by the low-cost carrier, on the basis of competition... more
Finance and economyAircraft and finance. Ryanair ready to pay 100 million Euro to Flybe to co-opt Aer Lingus routes
Dublin, Ireland - Umpteenth attempt by Michael O'Leary to "Soften" the position of the European Commission
According to some rumours reported by the media in Ireland and in the United Kingdom, Ryanair is ready to offer 100 million Euro to Flybe, in return for the British regional airline taking over the 43... more
Finance and economyAutogrill: calendar of company events for this year 2013
Milan, Italy - They will take place in March, May, June, July and November
Autogrill SpA announces its financial disclosures calendar for 2013, indicating when the Company’s accounts will be examined and approved by Board of Directors and Shareholders’ meetings: - March 7,... more
Finance and economyAircraft and finance. Many companies interested in the 35% stake in Cargolux
Luxembourg, Luxembourg - No official confirmation from the carrier
The 35% stake in Cargolux sold back to the Luxembourg government in December 2012 by Qatar Airways is generating a lot of interest among the industry operators and, according to rumours provided by local... more
Finance and economyAircraft and finance. Aer Lingus takeover by Ryanair: "We continue intense work", Almunia declares
Brussels, Belgium - The last proposal coming from Dublin might have increased the possibilities of a green light for the operation
On Wednesday 30 January 2013, meeting the journalists to comment some decisions of the European Commission about competition, among which also the opposition to the acquisition of TNT by UPS (AVIONEWS),... more
Finance and economyAircraft and finance. Ryanair's takeover of Aer Lingus: the role of Flybe and Etihad
Dublinh, Ireland - The Middle-Eastern carrier is interested in purchasing a larger stake in the company of the shamrock
The takeover attempt of Aer Lingus which is currently carried out by Ryanair, waiting for the response of the European Commission, involves, both directly and indirectly, the interests of other airlines.... more
Finance and economyAircraft and finance. Ryanair proposes to the EC a 50% cut of Aer Lingus' short-haul routes
Dublin, Ireland - It is the last move to convince Brussels to authorize the 694-million-Euro takeover
In an attempt to convince the European Commission to provide its approval to the proposed 694-million-Euro operation which would lead Ryanair to gain the control over Aer Lingus, the Irish carrier inserted... more
Finance and economyHaji-Ioannou threatens to sell easyJet shares if management acquires new aircraft
London, United Kingdom - The founder of the company owns a stake worth 1.3 billion pounds
The founder of easyJet Sir Stelios Haji-Ioannou has threatened to sell his 37% stake his family owns in the company, because of a disagreement with the management of the English carrier about the purchase... more
Finance and economyAircraft and finance. MAG wins the race for London-Stansted Airport
London, United Kingdom - The UK's fourth busiest hub sold for 1.5 billion pounds
It seems that the British bookmakers were right in considering Manchester Airports Group (MAG) the absolute favourite in the race for the acquisition of London-Stansted Airport: the company which also... more
Finance and economyAircraft leasing: new joint-venture between Avolon and Wells Fargo and Company
Dublin, Ireland - The initial target is a 500-million-dollar portfolio
The Irish aircraft leasing firm Avolon communicated the intention to partner with Wells Fargo & Company, a diversified financial services company, to form a new joint-venture aircraft leasing business... more
Finance and economyToday S&P lowered Finmeccanica SpA long-term corporate credit rating from BBB- with Negative
Rome, Italy - The S&P decision does not change the terms of the outstanding Finmeccanica loans and bond issues.
Today S&P lowered Finmeccanica SpA long-term corporate credit rating from BBB- with Negative Outlook to BB+ with Stable Outlook, mainly due to the longer than expected timing in the execution of the disposal... more
Finance and economyAircraft and finance. Three 1-billion-pound offers for London-Stansted Airport
London, United Kingdom - The results could might arrive by the next week
The three offers to acquire London-Stansted Airport are around 1 billion pounds, according to some rumours reported by "Reuters". The current operator Heathrow Airport Holdings (the company formerly... more
Finance and economyAircraft and finance. AA signs non-disclosure agreement with bondholders over merger with US Airways
New York, USA - The airline creditors might significantly influence the deal
According to rumours released by people with familiarity with the talks and reported by "Wall Street Journal", American Airlines managed to sign a non-disclosure agreement with its bondholders, in order... more
Finance and economyAircraft and finance. Qatar Airways CEO confirms interest in the privatization of Czech Airlines
Doha, Qatar - "We are getting data from the banks, but we have not engaged in talks"
Akbar al-Baker, chief executive officer of Qatar Airways, officially confirmed the interest of the Middle-Eastern carrier into the privatization of Czech Airlines (CSA), the company owned by the government... more
Finance and economyAircraft and finance. Alitalia takeover: Air France-KLM agreement?
Rome, Italy - A French newspaper reports the possible deal
Etihad could buy some of Alitalia's minority shares after January 12, the expiration date of the lock-up which prevents the current shareholders to sell, in the context of an agreement with Air France-KLM,... more
Finance and economyAircraft and finance. Key agreement reached for American Airlines-US Airways merger
Tempe, USA - The carriers defined a framework with the Allied Pilots Association and US Airline Pilots Association
American Airlines and US Airways are close to an agreement which would create the world's largest carrier in terms of passenger traffic. The two companies reached an agreement with the Allied Pilots... more
Finance and economyAircraft and finance. Alitalia ready to say "Oui" to Air France?
Rome, Italy - According to rumours, the French company is ready to buy and the Italian shareholders are available to sell
According to rumours reported by the Italian newspaper "Il Messaggero", Air France is ready to close the purchase of Alitalia stakes starting from January 12, 2013, which is the expiration date of the... more
Finance and economyAircraft and finance. Saudi Arabia: new government bonds for construction works at airports
Riyadh, Saudi Arabia - It is the second sukuk issue for this purpose
During an interview released to the TV channel "Al Arabiya", the Minister of Finance of Saudi Arabia, Ebrahim Al Assaf, claimed that during 2013 the government of the Middle-Eastern country will issue... more
Finance and economyOnex Corp acquires 50% of the world's third largest manager of commercial jet aircraft
Toronto, Canada - The Canadian firm also purchases shares for 25 million dollars in Fly Leasing Limited
Onex Corporation completed the acquisition of a 50% interest in BBAM, the world’s third largest manager of commercial jet aircraft, for 165 million dollars. Onex and BBAM’s management team also com... more
Finance and economyAircraft and finance. New partners for Jet Airways and SpiceJet
Mumbai, India - Etihad expected to take a decision by this week
Two talks for the entrance into Indian airlines by foreign carrier could have entered into the home stretch, after a few months ago the government of the Asian country allowed foreign carriers to pick... more
Finance and economyAircraft and finance. American Airlines and US Airways close to a merger?
New York, USA - The union would create the world's largest airline
According to a report published by "Bloomberg", American Airlines and US Airways would be close to put into effect their merger, which is an operation able to catalyse a lot of attention during the past... more
Finance and economyAircraft and finance. TAP privatization postponed by Portugal government
Lisbon, Portugal - The only bid has been considered inadequate
The Portuguese government decided to postpone the privatization of TAP, the main national airline, which is part of a wider 78-billion-Euro privatization plan, since the only bid received, which was presented... more
Finance and economyFinmeccanica about GE-Avio transaction: it is subject to regulatory and governmental approvals
Rome, Italy - About EUR 260 million
Finmeccanica announces that the company Avio SpA, 100% controlled by BCV Investments SCA (“BCV”), which is 14.3% owned by Finmeccanica, has sold to GE the activities related to its aircraft engine div... more
Finance and economyAircraft and finance. Rekindling of desire for Kingfisher?
Mumbai, India - The Middle-Eastern carrier wavering between Jet Airways and the troubled airline
For a weeks Etihad Airways has been carrying on talks to acquire a stake in an Indian carrier. After an initial interest in Jet Airways (AVIONEWS), the Emirati company focused on Kingfisher Airlines (AVIONEWS),... more
Finance and economyAircraft and finance. Irish government opposes to Ryanair's Aer Lingus takeover
Dublin, Ireland - "We don't see any advantages for Ireland", the Transport Minister claims
The Irish government has openly refused to support the Aer Lingus takeover carried out by Ryanair, announcing that it will not sell the 25% stake it currently owns in the legacy airline to the low-cost... more
Finance and economyAircraft and finance. Fastjet inks option agreement to acquire 1time for $0.12
London, United Kingdom - The bankrupt low-cost carrier will not return flying before Christmas, as initially hoped
Following the recent announcement that fastjet was in talks to buy 1time (AVIONEWS), the South Africa low cost airline that went into liquidation last month (AVIONEWS), fastjet, which was created by Sir... more
Finance and economyAircraft and finance. Airberlin sells a 70% stake of its frequent flyer program to Etihad Airways
Berlin, Germany - A 200-million-Euro operation
On Tuesday 18 December 2012 the German company airberlin established the "Topbonus" frequent flyer program as a separate spin-off company, and announced that Etihad Airways has acquired a majority stake... more
Finance and economyAircraft and investment. Manchester Airports group launches tender process for the new "Airport City"
Manchester, United Kingdom - It is a 800-million-Euro project, which will create 11,400 jobs
Manchester Airports Group (MAG) launched a 650-million-pound tender process for the development of "Airport City", a major new commercial location, including offices, hotels, manufacturing centres, retail... more
Finance and economyAircraft and finance. ANA - Aeroportos de Portugal: the highest bid comes from Vinci
Lisbon, Portugal - According to rumours, the French proposal is 3 billion Euro
According to rumours provided by sources in the Portuguese government, the highest bid for the privatization of ANA - Aeroportos de Portugal, the operator of several airports in the European country, arrived... more
Finance and economyAircraft and finance. Etihad to buy 5% of Jet Airways by Friday
New Delhi, India - The initial stake will progressively increase to 24%
By Friday 21 December 2012 Etihad Airways could acquire a 5% stake in Jet Airways, the first Indian airline in terms of passengers carried, becoming therefore the first foreign carrier to enter in a company... more
Finance and economyAircraft and finance. Ryanair to sell 20 of Aer Lingus slots at Heathrow, if takeover is successful
Dublin, Ireland - But, in addition to the European Commission, there is the need to convince the shareholders of the legacy airline
A report published by the Irish newspaper "Independent" on Monday 17 December 2012 claims that, if Ryanair's takeover of Aer Lingus is successful, Michael O'Leary's company will sell 20 out of the 24 slots... more
Finance and economyAircraft and finance. Four companies remain in the race for the privatization of Portuguese airport operator ANA
Lisbon, Portugal - Lisbon hopes to raise more than 2.5 billion Euro from the sale
The race for the privatization of ANA (Aeroportos de Portugal), the State-owned operator company of several airports in Portugal, lost a competitor: Portugal's Mota-Engil SGPS SA, which was involved together... more
Finance and economyAircraft and finance. Delta acquires a 49% stake in Virgin Atlantic: the two carriers create a joint-venture
London, United Kingdom - Singapore Airlines banks 360 million dollars
On Tuesday 11 December 2012 Delta Air Lines closed the purchase of a 49% stake in Virgin Atlantic Airways Ltd from Singapore Airlines for 360 million dollars, and as a consequence of the operation the... more
Finance and economyAircraft and finance. Etihad Airways interested in purchasing a stake in Kingfisher Airlines
New Delhi, India - 48% of the shares would cost roughly 426 million Euro
Since the Indian government has authorized investments from foreign airlines in the local companies, with stakes up to 49%, Etihad Airways has shown its interest in entering the market of the South-Asian... more
Finance and economyChinese consortium purchases an 80.1% stake in ILFC, one of the largest aircraft lessors worldwide
New York, USA - The Asian group has an option to increase its participation to 90%
Confirming rumours which circulated during the past days (AVIONEWS) American International Group Inc (AIG) announced an agreement to sell the 80.1% of the stock of shares of its subsidiary International... more