Finance and economy
3,188 news found
Finance and economyAircraft and finance. European Investment Bank supports airport development in the South Pacific
Luxembourg, Luxembourg - 1.1 million dollars for interventions in the Cook Islands and Samoa
The European Investment Bank (EIB), the long-term lending institution of the European Union which supports the EU's political goals, has agreed to help examine safety improvements, upgrading of terminal... more
Finance and economyAircraft and finance. American Airlines gets court approval for the merger with US Airways
New York, USA - 20-million-dollar severance package for AA's CEO Tom Horton blocked
Sean Lane, judge of New York's Bankruptcy Court, provided his approval to the 11-billion-dollar mega-merger between American Airlines and US Airways, an operation which would create the world's largest... more
Finance and economyFinmeccanica: rescheduling of financial calendar for 2013
Rome, Italy - Fixed in April, May and June
Following the announcement of 21 February 2013 and as partial amendment to the Financial Calendar released on 19 December 2012, Finmeccanica informs that: · the Board of Directors Meeting to approve... more
Finance and economyAircraft and finance. IAG increases its offer for Vueling
London, United Kingdom - 9.25 Euro per share to acquire the low-cost carrier
International Airlines Group (IAG), the holding which includes British Airways and Iberia, communicated on Wednesday 27 March 2013 it has raised its takeover offer for the Spanish low-cost airline Vueling... more
Finance and economyPlanes and finance. Qantas, long-term leases for sale in 4 airports
Sydney, Australia - The Australian company would retrieve fund to reinvest in airports grounds in the future
During a briefing with some financial analysts, the Australian company Qantas has announced its intention to get rid of leases due to expire in 2018 and 2019. The operation started in October 2012... more
Finance and economyFinancing of 190 million dollars from Ex-Im Bank for El Al Israel Airlines' B-737/900ER aircraft
Washington, USA - According to Boeing, the operation will support up to 1300 US jobs
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 more than 190 million dollars in financing... more
Finance and economyAircraft and finance. Lufthansa ready to acquire 100% of Brussels Airlines
Frankfurt, Germany - The operation will be finalised when the Belgian carrier's restructuring is completed
Lufthansa Group, which includes the Europe's largest airline in terms of passengers carried and number of aircraft in the fleet and numerous subsidiaries, will finalize the acquisition of Brussels Airlines... more
Finance and economyMBDA: results 2012, a year of contrasts for the industry
Rome, Italy - Order intake at EUR 2.3 billion
MBDA, European and global player in the missile and missile system sector, achieved a turnover of 3 billion euros in 2012, equaling the figure recorded in 2011. Order intake at 2.3 billion euros as compared... more
Finance and economyAirbus: MoU signed on aircraft financing and leasing
Blagnac, France - With ADNL, the Abu Dhabi partner
Airbus signed on March 21 a Memorandum of Understanding (MoU) on cooperation in aircraft financing and leasing with Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the... more
Finance and economyAircraft and finance. Fastjet: "Significant step" towards the acquisition of 1time
London, United Kingdom - But the low-cost carrier is also considering "Alternative partnerships"
Fastjet, the new African low-cost carrier created by Sir Stelios Haji-Ioannou, who is known in this industry especially for being the founder of easyJet, is making progresses in the path to acquire 1time,... more
Finance and economyAircraft and finance. SkyWest Airlines's takeover by Virgin Australia receives approval
Canberra, Australia - The regional carrier will operate under the Virgin brand, but will maintain its management team
The Foreign Investment Review Board (FIRB), the Australian agency which examines proposals by foreign persons to invest in the country, provided its approval for the takeover of SkyWest Airlines by Virgin... more
Finance and economyAirplanes and technology. EADS-EIB: the European Investment Bank supports innovation programmes of the Group
Amsterdam, Holland - Announced the signature of a EUR 300 million finance contract
The European Investment Bank (EIB) and EADS have announced the signature of a € 300 million finance contract in support of EADS Group’s innovation and R&D programmes. This loan reflects the long-standing qua... more
Finance and economyAircraft and finance. Lufthansa forecasts limited profits for the next two years
Cologne, Germany - "We should not get our expectations too high for 2013"
Lufthansa announced that the operating profit relative to 2013 and 2014 will be limited, because of the costs of the ongoing restructuring process and the negative economic environment. The German carrier... more
Finance and economyAircraft and finance. Entrance of Korean Air in Czech Airlines: the details
Prague, Czech Republic - The Asian carrier might increase its stake up to 50% minus one share
In a press conference in Prague Miroslav Dvorak, Chairman and Chief Executive Officer of Cesky Aeroholding, Czech Airlines' (CSA) parent company explained the details of the acquisition of a 44% stake... more
Finance and economyQantas engineers demand postponement of the approval of the partnership with Emirates
Canberra, Australia - Alaea complains about a lack of transparency
Qantas engineers requested to the Australian Competition & Consumer Commission (ACCC) to postpone by 3 months its decision regarding the approval of the partnership between the main airline of the country... more
Finance and economyAircraft and finance. Lebedev wants to sell Red Wings for 0,02 Euro
Moscow, Russia - The airline will be offered to United Aircraft Corporation and Vnesheconombank
According to reports provided by Russian media, billionaire Alexander Lebedev means to sell red Wings, the low-cost company whose Air Operator Certificate (AOC) was revoked on February 4 by Rosaviatsia,... more
Finance and economyAmerican Airlines issues 663 million dollars in EETC secured by 13 aircraft
Fort Worth, USA - Operation divided into two tranches
AMR Corporation, American Airlines' parent company, announced that its subsidiary, which is currently involved in a multi-billion merging operation with US Airways, is offering two tranches of enhanced... more
Finance and economyAircraft and finance. Paris and Amsterdam operators to jointly bid for Rio de Janeiro airport
Amsterdam, Netherlands - ADP and Schiphol Group will team up with two local firms
Aéroports de Paris (ADP), management firm of the "Charles De Gaulle" and Orly airports of the French capital, and Schiphol group, which operates Amsterdam's hub, one of the most important in Europe, will... more
Finance and economyAircraft and finance. Virgin Australia's takeover of Tiger Airways: ACCC postpones its decision
Canberra, Australia - The antitrust authority wants further information about the transaction
The Australian Competition and Consumer Commission decided to postpone its decision, which was initially scheduled to arrive by March 14, relative to the proposed acquisition of Tiger Airways Australia... more
Finance and economyAircraft and finance. Vueling board asks shareholders to reject IAG's proposal
Madrid, Spain - The initial offer (7 Euro per share) is now lower than the market value
Vueling's board of directors recommended its shareholders to reject the takeover offer presented by IAG (International Airlines Group, the holding which includes British Airways and Iberia), since it is... more
Finance and economyAutogrill's BoD approves the financial statements at 31 December 2012
Milan, Italy - There was growth in airport sales
The Board of Directors of Autogrill SpA met today and examined and approved the consolidated financial statements and the Company’s draft financial statements for 2012. The highlights are: · Co... more
Finance and economyAircraft and transport. Korean Air's offer for Czech Airlines backed by Prague's Minister for Finance
Prague, Czech Republic - "The sum is adequate", Kalousek claims
Miroslav Kalousek, Minister for Finance of the Czech Republic, declared the intention to provide his support to the offer made by Korean Air for the purchase of a 44% stake in the state-owned carrier Czech... more
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