Finance and economy
3,166 news found
Finance and economyAircraft and finance. Richard Branson could sell part of his stake in Virgin Atlantic to Air France-KLM
Crawley, United Kingdom - According to a report by the "Sunday Times"
The chairman of the Virgin Group, the English billionaire Sir Richard Branson, could sell an undisclosed part of its stake in Virgin Atlantic Airways to Air France-KLM, the French-Dutch Holding which represents... more
Finance and economyAircraft and finance. European Commission wants more concessions from Ryanair to authorize Aer Lingus takeover
Brussels, Belgium - Almunia declares that talks are "Not yet at the critical stage"
The European Commission, which is evaluating the third Aer Lingus takeover attempt carried out by Ryanair, after other two tries failed in 2007 and 2009, requested by December 20 a package of concessions... more
Finance and economyChinese group in talks to acquire ILFC, one of world's largest aircraft lessors
Beijing, China - It could be a 5.5-billion-dollar deal
According to reports by "Bloomberg", published on Friday 7 December 2012, a consortium of Chinese companies is interested in acquiring International Lease Finance Corporation (ILFC), one of the two largest... more
Finance and economyAircraft and industry. Daimler completes sale of 7.5& of EADS shares
Stuttgart, Germany - A 1.66-billion-Euro transaction
German carmaker Daimler AG communicated on Thursday 6 December 2012 it completed, through its advisor JPMorgan Chase & Co, the sale of 61.1 million EADS shares (at a price of 27.23 Euro each), which represent... more
Finance and economyAircraft and finance. Czech Airlines privatization: Qatar Airways and Korean Air have shown interest
Prague, Czech Republic - As confirmed by Prime Minister Petr Necas
On Wednesday 5 December 2012 after a cabinet meeting Petr Necas, Prime Minister of the Czech Republic, confirmed that the government of the East-European country is currently involved in some talks relative... more
Finance and economyAircraft and finance. Fastjet wants to acquire 1time
Dar es Salaam, Tanzania - The new low-cost carrier would carry out a rapid re-fleeting with modern aircraft
Fastjet, the newborn pan-African airline which started its operations just one week ago (AVIONEWS), has ambitious development plans, and it is already considering the acquisition of other companies. Specifically,... more
Finance and economyAircraft and finance. Etihad: news stakes in Jet Airways and Aer Lingus?
Abu Dhabi, United Arab Emirates - The acquisition of new shares in the Irish carrier is conditional to the decision of the European Commission on Ryanair's offer
Etihad Airways continues with its strategy of acquiring stakes in several companies: the Abu Dhabi-based carrier is considering the acquisition of relevant stakes in India's Jet Airways and Ireland's Aer... more
Finance and economyAircraft and finance. Delta interested in acquiring a 49% stake in Virgin Atlantic
Atlanta, USA - In order to boos its presence at Heathrow
Delta Air Lines, according to reports from several media among which there is "Bloomberg", is in talks to acquire a 49% stake in Virgin Atlantic Airways, probably in order to increase its presence on the... more
Finance and economyFinmeccanica launched issue of bonds for EUR 600 million in the capital markets
Rome, Italy - The proceeds will be used to refinance a portion of existing indebtedness maturing in December 2013
On November 28 Finmeccanica, through its wholly owned subsidiary Finmeccanica Finance SA, issued EUR 600 million of bonds in the capital markets. The bonds, available only to institutional investors, have... more
Finance and economyItaly. Aircraft and finance. No bidder for Save shares owned by the Province of Venice, private dealing starts
Venice, Italy - Zaccariotto: "We hope to sell by mid-December"
Today, Wednesday 28 November 2012, the Province of Venice started the private dealing for the sale of the shares it owns in Save, the management firm of Venice-Tessera Airport: yesterday the call for bids... more
Finance and economyUncertain future for major Milan hubs
Milan, Italy - Obstacles in the path towards the stock market listing
We would like to share with our readers an analysis of the decision taken by SEA, the airport management company that controls Malpensa and Linate airports, to quote the company on the Milan stock exchange. In... more
Finance and economyAircraft and finance. A portrait of the possible buyers of London-Stansted Airport
London, United Kingdom - Malaysia Airports Holding is the latest firm to enter the race
The race for the acquisition of London-Stansted Airport is lighting up, with new companies entering the competition. The British hub, which is the busiest European hub with mainly a low-cost traffic, is... more
Finance and economyAircraft and finance. Shareholders' pact allows Ferrovial to diminish its stake in Heathrow Airport
London, United Kingdom - The Spanish group could cut its shares down to 25%
Ferrovial signed a new shareholders' pact in Heathrow Airport Holdings (the company formerly known as BAA) which will allow the Spanish group to diminish its stake in the management firm of the busiest... more
Finance and economyAircraft and transport. Jakarta Airport seeks money to finance development
Jakarta, Indonesia - Currently the hub handles a traffic which is a lot higher than its capacity
On Wednesday 21 November 2012 Tri Sunoko, chief executive officer of PT Angkasa Pura II, the state-owned management firm of Jakarta "Soekarno-Hatta" International Airport declared to the press agency "Reuters"... more
Finance and economyAircraft and government. Croatian government finances Croatia Airlines relaunch
Zagreb, Croatia - 106 million-Euro payment, divided in two stages
On Tuesday 20 November 2012 the Croatian minister for Transport Hajdas Doncic announced that the government of the Balkan country will provide roughly 800 million kuna to Croatia Airlines, in an attempt... more
Finance and economyAircraft and finance. Qatar Airways to sell its 35% stake in Cargolux
Luxembourg, Luxembourg - Because of disagreements over the airline strategy
Qatar Airways wants to sell its 35% stake of Cargolux stock of shares: the Qatari airline entered the Luxembourgian cargo company a bit more than one year ago (September 8, 2011): the reason of this disinvestment... more
Finance and economyAircraft and finance. Portugal: high offers for the privatization of State-owned airport operator
Lisbon, Portugal - Just one bid for TAP Portugal
The privatization of ANA, the Portuguese airport authority, could generate some 2.6 billion Euro to Lisbon's government: the race for the acquisition of the airport operator of the European country involves... more
Finance and economyAircraft and finance. Italian Avio: stop to the sale of Cinven shares
Turin, Italy - The evaluation by Cvc Capital and Clessidra has been considered too low
United Kingdom's company Cinven blocked the cession of its subsidiary Avio SpA, since the assessment given to the Turin firm by Cvc Capital and Clessidra has been considered too low: the offer which has... more
Finance and economyAircraft and finance. Four companies interested acquiring a stake in Czech Airlines
Prague, Czech Republic - According to a local newspaper, the involved carriers are Air France, Turkish Airlines, Etihad Airways and Korean Air
Four important carriers have shown their interest in acquiring a minority stake in Czech Airlines (CSA, ?eské aerolinie as), the state-owned company which represents the most important airline of Czech... more
Finance and economyAircraft and finance. No sign of buyers for Glasgow-Prestwick Airport
Glasgow, United Kingdom - The value of the Scottish facility has fallen
Infratil has communicated that so far no buyer presented an offer for Glasgow-Prestwick Airport, which is owned by the New Zealander infrastructure investment company, despite both the Scottish hub and... more
Finance and economyRolls-Royce: interim management statement
London, UK - RR Holdings plc publishes it on November 9
On November 9, Rolls-Royce Holdings plc publishes its Interim Management Statement. Current trading consistent with guidance Trading is consistent with the guidance for the Group provided at our... more
Finance and economyAircraft and finance. Meridiana leaves the competition for Sogaer (Cagliari Airport)
Cagliari, Italia - Save and F2i are the only two competitors
Meridiana fly has left the race for the acquisition of a 40% stake in Sogaer, the management firm of Cagliari-Elmas Airport, since it did not present the announced offer to Riccardo Demontis, the lawyer... more
Finance and economyFinmeccanica: key performance indicators
Rome, Italy - New orders totalled €10,652 million
Key performance indicators New orders totalled €10,652 million, compared to €10,638 million for the corresponding period of the previous year. On a like-for-like basis (using the same consolidation per... more
Finance and economyFinmeccanica BoD: key financial data
Rome, Italy - Key figures for the third quarter of 2012
Key figures for the third quarter of 2012 (For comparative purposes, it should be noted that the results for the third quarter of 2011, particularly Adjusted EBITA, of the Aeronautics business segment... more
Finance and economyFinmeccanica: BoD approves the Interim Financial Report at 30 September 2012
Rome, Italy - And the results of operations of the third quarter 2012 (figures are unaudited)
Finmeccanica’s Board of Directors held on 8 November 2012, chaired by Giuseppe Orsi, unanimously approved the Interim financial report at 30 September 2012 and the results of operations of the third q... more
Finance and economyAircraft and finance. IAG formalizes its offer for Vueling (2)
London, United Kingdom - 113 million Euro to purchase 54,15% of the shares of the Spanish company
Thursday 8 November 2012 the board of directors of IAG (International Airlines Group, the holding which includes British Airways and Iberia) discussed the possible acquisition of the Spanish low-cost company... more
Finance and economyAutogrill: the BoD approves the consolidated results at 30th September 2012
Milan, Italy - A recovery in revenues and Ebitda in the 3rd quarter
Meeting on November 8, the board of directors of Autogrill SpA examined and approved the consolidated results as of 30th September 2012. The economic situation continued in the 3rd quarter to negatively... more
Finance and economyAircraft and industry. India ready to divest 10% of Hindustan Aeronautics Ltd
Delhi, India - The government plans to sell stakes in 15 state-run firms in the upcoming months
On Thursday 8 November 2012 thew Indian government agreed to divest a 10% stake in Hindustan Aeronautics Ltd, the state-run aerospace company, according to the declarations of Science and Technology minister... more
Finance and economyAircraft and finance. European Commission ready to halt Aer Lingus bid by Ryanair
Brussels, belgium - The low-cost carrier could sell its 29.4% stake if the operation does not have a positive outcome
According to reports by the press agency "Reuters", the European Commission is ready to veto the 694-million-Euro acquisition of Aer Lingus by Ryanair: in the next weeks Brussels is expected to communicate... more
Finance and economyAircraft and finance. Delhi Airport operator denies Fraport is looking to sell its stake
Delhi, India - "The group is not engaged in any discussion or negotiation"
Delhi International Airport Pvt Ltd (DIAL), the management firm of India's busiest airport has denied the declarations released on Wednesday 31 October 2012 in Mumbai by Kai Zobel, vice-president for global... more
Finance and economyAircraft and finance. Chinese firm buys 10% of London-Heathrow Airport
London, United Kingdom - A 450-million-Euro deal
China Investment Corporation (CIC), a sovereign wealth fund responsible for managing part of the People's Republic of China's foreign exchange reserves, has acquired 10% of Heathrow Airport Holdings, the... more
Finance and economyAircraft and transport. Fraport to exit Delhi Airport by June 2013
Mumbai, India - "We are open to new investments in this country, but we would like policy clarity"
Fraport, one of the most important airport management firms in the world, will exit the DIAL consortium, which handles Delhi "Indira Gandhi" International Airport, by June 2013, and is therefore in talks... more
Finance and economyAircraft and finance. SAS denies rumours on financial problems
Stockholm, Sweden - "On 8 November 2012 we will report a positive result for the third quarter"
On Tuesday 30 October 2012 Scandinavian Airlines System (SAS) released a press bulletin to reject the rumours on the financial difficulties which have circulated in the last hours, which had also generated... more
Finance and economyAircraft and finance. Tarhan starts talks for B&H Airlines' takeover
Sarajevo, Bosnia and Herzegovina - "We don’t want some sort of adventurers to come in, like our previous partner”
The Turkish company Tarhan Tower Airline (TT) has started the talks for the acquisition of a 49% stake in B&H Airlines, the most important carrier of Bosnia and Herzegovina: representatives from TT have... more
Finance and economyAircraft and finance. Synergy Aerospace is the only bidder for the acquisition of TAP Portugal
Lisbon, Portugal - The Brazilian company selected among 13 candidates
The Portuguese government has admitted a single bidder for the privatization of State-owned TAP Portugal, the most important carrier of the European country: the Brazilian company Synergy Aerospace was... more
Finance and economyAircraft and finance. HNA Group acquires a 48% stake in Aigle Azur
Haikou, China - 40-million-dollar deal
On Tuesday 23 October 2012 the Chinese group Hainan Airlines Company Limited (HNA), the parent company of Hainan Airlines, communicated the acquisition of a 48% stake in the French company Aigle Azur Transports... more
Finance and economyAircraft and finance. Ryanair warns bidders "Not to be ripped off" over London-Stansted Airport
London, United Kingdom - According to the airline, the real Regulatory Asset Base is half of the one declared by BAA
The Irish low-cost airline Ryanair warned potential bidders for London-Stansted Airport "Not to be ripped off" by BAA, the firm of the Spanish group Ferrovial which currently operates the English facility,... more
Finance and economyAircraft and finance. MAG confirms it will bid for London-Stansted Airport
Manchester, United Kingdom - Australia's Industry Funds Management acquired 35% of the company for this purpose
It was the most obvious open secret in this industry, but now there is the official confirmation: Manchester Airports Group (MAG) will make a bid for the acquisition of London-Stansted Airport, having... more
Finance and economyAircraft and finance. Etihad interested in Aer Lingus' share owned by the Irish government
Abu Dhabi, United ARab Emirates - "But they have still not approached us"
On Tuesday 16 October 2012 the president and chief executive officer of Etihad Airways James Hogan declared that the United Arab Emirates' company could take into consideration the acquisition of Aer Lingus'... more
Finance and economyAircraft and industry. BAE-EADS merger: shareholders concerned, London ready to veto
London, United Kingdom - UK's defense secretary: "It is necessary to reduce French and German stakes"
The possible EADS-BAE Systems merger keeps on moving on a bumpy path. Philip Hammond, UK's defense secretary, has declared that the British government is ready to veto the operation if German and French... more
Finance and economyAircraft and finance. Aeroporti di Roma considers "Inadequate" the offers received for AdR Mobility
Rome, Italy - The management firm of Rome's Fiumicino and Ciampino airports will look for different solutions
Aeroporti di Roma SpA (AdR), the management firm of Rome's Fiumicino and Ciampino airports, has renounced to follow up the call for bids for the sale of ADR Mobility the division of the Group which handles... more
Finance and economyMitsubishi UFJ acquires aircraft leasing firm for 1.3 billion dollars
San Francisco, USA - The acquisition of Jackson Square Aviation has positive effects on the shares of the Japanese company
Mitsubishi UFJ Lease & Finance, Mitsubishi Corp division, announced on Thursday 4 October 2012 the acquisition of JSA International, American San Francisco-based aircraft leasing firm which operates as... more
Finance and economyBoeing and National Bank of Abu Dhabi sign agreement for aircraft development financing
Abu Dhabi, United Arab Emirates - The American manufacturer wants a leading role in the Middle East market
The National Bank of Abu Dhabi (NBAD) and the American aerospace firm Boeing have signed an agreement to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market. The... more
Finance and economyAircraft and finance. Armavia for sale: possible interest on the part of Italian buyers
Yerevan, Armenia - In the past six months the company has amassed 5.3 million dollars in debt
Armavia, the most important Armenian airline, will be sold soon, according to reports by local media. The carrier, through its press secretary Nana Avetisova, has communicated that currently there are... more
Finance and economyAircraft and finance. New Zealander firm enters the race for London-Stansted Airport
London, United Kingdom - The possible new bidder is a consortium guided by Infratil
BAA, the current operator of London-Stansted airport, must sell it after its renunciation to appeal another time against the decision of the UK Competition Commission which obliges it to get rid of the... more
Finance and economyAircraft and finance. Libya’s Buraq Air in pole position to acquire B&H Airlines
Sarajevo, Bosnia & Herzegovina - The Bosnian government does not want to repeat the negative experience of the partnership with Turkish Airlines
Libyan airline Buraq Air is reportedly in pole position for the acquisition of B&H Airlines, the most important carrier in Bosnia & Herzegovina, according to reports of media in the North African country.... more
Finance and economyFinmeccanica confirmed in the Dow Jones Sustainability Indexes
Rome, Italy - for the third consecutive year
Finmeccanica announces that also for the period 2012/2013, the third consecutive year, has been admitted to the Dow Jones Sustainability Indexes. In particular, Finmeccanica has been confirmed to the... more
Finance and economyAircraft and finance. BAA chooses Deutsche Bank and ING to run the auction for London-Stansted Airport
London, United Kingdom - The sale should start in early 2013
The operations for the sale of London-Stansted Airport, after the company renounced to lodge another appeal against the decision of the Competition Commission which forced it to get rid of the main low-cost... more
Finance and economyItaly. Sat SpA (Pisa Airport): BoD approves six month financial report (June 30)
Pisa, Italy - The traffic and economic result growth continue: net profit +36%
The Board of Directors of SAT (Società Aeroporto Toscano Galileo Galilei SpA) that manages Pisa Airport, approved yesterday the six month financial report (June 30, 2012). Below a summary of the figures: -... more
Finance and economyAircraft and finance. Ryanair seeks help from its competitors to buy Aer Lingus
Dublin, Ireland - The low-cost carrier asks to six companies to improve connections from Dublin
Michael O'Leary, Ryanair chief executive officer, wants to leave no stone unturned in order to manage to acquire Aer Lingus: the last, almost incredible, move is seeking competitors' help, on the eve of... more