Finance and economy
3,188 news found
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
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