Finance and economy
3,188 news found
Finance and economyAircraft and finance: International Airlines Group looks for company able to buy Spanish bank share
Madrid, Spain - Etihad Airways is a possible purchaser
International Airlines Group (IAG), a multinational airline holding company formed in January 2011 by the merger of British Airways and Iberia, is looking for a company able to purchase the group stake... more
Finance and economyAircraft and finance: Air Works invests in Dubai Empire Aviation Group stake
Delhi, India - India, Middle East and beyond
Air Works, and Indian MRO service company (Maintenance, Repair and Overhaul) has purchased an undisclosed stake in Empire Aviation Group (EAG), a business aviation services company based in Dubai. The... more
Finance and economyFinance: RBS sells its aircraft leasing division for 7.3 billion dollars
London, United Kingdom - The purchaser is a Japanese consortium
Royal Bank of Scotland announced today 01/06/2012 the completion of the sale of its aircraft leasing division to a Japanese consortium led by the Sumitomo Mitsui Financial Group (SMFG).... more
Finance and economyAvio: Italian FSI ready to invest in the IPO
Rivalta di Torino, Italy - Loan agreements with creditor banks amended and extended
"In view of the planned IPO of Avio SpA ("Avio"), an agreement was entered into among Avio, Finmeccanica Finance SA, a company of the Finmeccanica group ("Finmeccanica"), Fondo Strategico Italiano SpA... more
Finance and economyFinmeccanica-Fsi-Avio-Bcv: reached agreement
Rome, Italy - It will allow FSI to become a shareholder of Avio with a stable ownership of approximately 15%, for purchasing all the shares held by Finmeccanica
Finmeccanica Finance SA, a Finmeccanica Group (“Finmeccanica”) company, Fondo Strategico Italiano SpA (“FSI”), Avio SpA (“Avio”) and the parent company BCV Investments SCA, have reached an agreement -... more
Finance and economyAircraft and jobs: RAF C-130 aircraft deal will sustain employment
London, United Kingdom - "The Hercules aircraft is a key part of our long-range air transport force"
The British Ministry of Defence said a new £350 million deal to maintain the RAF's C-130 Hercules aircraft will help sustain hundreds of British jobs. The contract, sealed with Marshall Aerospace, is... more
Finance and economyAir Berlin: a positive start to 2012
Milan, Italy - Better figures despite fuel surcharges and increase in aviation tax
Germany’s airline can draw positive conclusions from its first quarter of 2012. On presenting Air Berlin’s interim report, CEO Hartmut Mehdorn announced: "Although it’s too early to celebrate, we can c... more
Finance and economyItalian Avio: BoD approve Q1 2012 results
Rivalta di Torino, Italy - Financial and operational highlights
On 14 May 2012 the Board of Directors of Avio SpA analysed and approved its quarterly results for the three-month period to 31 March 2012. Financial highlights • Group revenues of €528.8 million (+2... more
Finance and economyFinmeccanica: supplementary disclosures requested by CONSOB
Rome, Italy - Pursuant to and for the purposes of Art. 114, paragraph 5, of Legislative Decree 58/1998
"Pursuant to and for the purposes of Art. 114, paragraph 5, of Legislative Decree 58/1998, in compliance with the request received from CONSOB on 9 May 2012, Finmeccanica publishes the following information,... more
Finance and economyAvio files application to be listed on the Italian Stock Exchange
Rivalta di Torino, Italy - It formally applied to Consob for the authorization to prepare a prospectus
Avio yesterday filed its application to list its ordinary shares on the Mercato Telematico Azionario, the Italian automated screen-based trading system managed by Borsa Italiana. Simultaneously, it... more
Finance and economyEADS Divisions (2): growth in commercial business continues. Aircraft and helicopters and not only...
Leiden, Holland - With encouraging start to 2012
EADS Divisions: Growth in Commercial Business Continues, Institutional and Defence Business with Encouraging Start to 2012 Airbus consolidated revenues increased by 13 percent to € 7,909 million (Q1 2... more
Finance and economyEADS reports first quarter (Q1) results 2012
Leiden, Holland - The first part and outlook
EADS delivered a good start to the year with a solid financial performance in the first quarter, particularly thanks to the continued strong commercial momentum. As anticipated, defence markets in the... more
Finance and economyETS: 99% of major airlines comply with the Emission Trading System
Brussels, Belgium - "Implementation of the law is there"
More than 99% of all major global airlines have supplied the European Union with 2011 pollution data, accomplishing the first step of the European scheme to charge carriers for their carbon emissions. It... more
Finance and economyIndia and China snub Europe on ETS: ultimatum in June
Brussels, Belgium - Ten airlines refuse to supply Europe with pullution data
Indian and Chinese airliners involved in the Emission Trading System (ETS) have refused to supply the European Union with pollution data for the last year, disobeying to the European decision to charge... more
Finance and economyHelicopters and industry: Finmeccanica stabilized at EUR 3 per share
Milan, Italy - Doubts and uncertainties on Selex future
After the wave of controversy related to alleged illegal payments which Finmeccanica is said to have paid through its subsidiary AgustaWestland to ease international sales, the Italian giant's shares stabilized... more
Finance and economyFinmeccanica: the BoD approves the interim financial report at 31 March 2012
Rome, Italy - Key 1Q 2012 figures
Finmeccanica: the Board of Directors approves the interim financial report at 31 March 2012. Key 1Q 2012 figures · New orders: EUR 3.480 billion · Order backlog: EUR 45.721 billion · Revenues: EU... more
Finance and economyFinmeccanica: analysis of financial data
Rome, Italy - Orders amounted to EUR 3,480 million
Analysis of financial data The Board of Directors’ meeting of Finmeccanica, which was held on 2 May 2012 under the chairmanship of Giuseppe Orsi, examined and unanimously approved the interim financial r... more
Finance and economyPanama ready to cancel Finmeccanica orders if Italian accusations continue
Rome, Italy - Risk of a 200 million dollar contract loss
Raùl Mulino, minister of Security in Panama, today threatened Rome with the cancellation of existing Finmeccanica orders (currently Panama is purchasing 19 radars and 6 helicopters for a total price of... more
Finance and economyAutogrill. Shareholders’ meeting approves financial statements for 2011
Milan, Italy - New board of statutory auditors appointed for 2012-2014
The meeting of the shareholders of Autogrill SpA held today in ordinary and extraordinary session under the chairmanship of Gilberto Benetton approved the separate financial statements for 2011 and voted... more
Finance and economyAircraft taxes: detailed list of the new rules in Italy
Rome, Italy - The new rules must be immediately applied
The Italian air-taxi operator community was shocked on Monday by the new tax rules included in the decree issued by the Italian Chamber financial commission. Below the most important data are reported... more
Finance and economyAircraft and economy: India says "No" about European Emission Trading Scheme
Delhi, India - Indian minister for environment defined ETS a "Unilateral measure"
As previously announced (AVIONEWS), India said "No" to the Emission Trading System, or rather the taxing programme with which Europe is targeting airlines worldwide to reduce airplanes carbon pollution. The... more
Finance and economyOman Air reveals its annual financial report for the year 2011
Milan, Italy - Added two E-175 regional aircraft and two new destinations
Oman Air has recently published its annual report for 2011 that reflects the accomplishments achieved by the company, in addition to the outstanding efforts and the successful approach towards the development... more
Finance and economyAircraft and economy: more money to Italian INPS, national airport taxes raise by 2 Euro after 1 July 2013
Rome, Italy - "Airport taxes will produce more negative effects than positive benefits to Italian economy"
Starting next year the airport taxes in Italy will rise by 2 Euro per passenger. ADOC, Italian association for customer defence and rights, has calculated this increase as 37% of the entire boarding tax.... more
Finance and economyAvio: order book soars above €6 billion (aircraft engines, space and services)
Turin, Italy - Revenues, EBITDA and investments increase
The Board of Directors of Avio, the international aerospace group, yesterday approved the Group’s 2011 financial results. Avio’s 2011 results saw increases in Group revenues, adjusted EBITDA and investment; a r... more
Finance and economyFinmeccanica: examined and approved the financial statements for 2011
Rome, Italy - Under the chairmanship of Giuseppe Orsi
Finmeccanica’s board of directors, meeting yesterday under the chairmanship of Giuseppe Orsi, examined and unanimously approved the preliminary financial statements for 2011. 2011 Results The r... more
Finance and economyHelicopter market will suffer a downturn
Newtown, USA - Forecasts for next ten years by two US companies
In spite of the recent success of the helicopter industry (first among all Eurocopter and AgustaWestland) it seems the average of sales and production will decrease in the future. The analysts of Forecast... more
Finance and economyIndia on top of the largest heavy arms importers: helicopters, aircraft and warships
Delhi, India - Russia and America control around 60% of the war market worldwide
SIPRI (Stockholm International Peace Research Institute), a society researching into conflicts, disarmament and armament sales, declared today India has topped a rating of the world's largest heavy arms... more
Finance and economyWTO confirms illegal subsidies to Boeing
Geneva, Switzerland - Both of the industries claimed a victory
The dispute between the two giants of aeronautical market, Boeing and Airbus, seems to be destined to never end since WTO, often consulted to control reciprocal accusations about illegal funding received... more
Finance and economySpecial in Paris. Record growth at EADS
Paris, France - Records at Airbus, growth at Eurocpter and stability at Astrium and Cassidian
During the conference in Paris, today March 8, 2012, the European corporation released its analysis of 2011 results. EADS in 2011 continued to grow and to improve its economic performances. EADS' order... more
Finance and economyAutogrill: the BoD approves the consolidated financial statements at 31 December 2011
Milan, Italy - Growth was driven by performance achieved in airports (up 7.1%)
The Autogrill board of directors approves the consolidated financial statements at 31 December 2011: 2011 results · Consolidated revenues: EUR 5,844.6m, up 4% on 2010 (up 2.5% at current exchange... more
Finance and economyFinmeccanica: rescheduling of the Financial Calendar 2012
Rome, Italy - As reported on 24 January 2012
Finmeccanica informs that the meeting of the Board of Directors to approve the draft Annual Report for 2011 will be held on Tuesday 27 March 2012 instead of Wednesday 14 March 2012 and that the Shareholders’ M... more
Finance and economyThe grip of Italian Premier Monti over the "Official planes"
Rome, Italy - Train trips for politicians
A saving of EUR 23.5 million has been obtained by Government Monti operating heavy cuts to "Official flights" for politicians, literally forced to more conventional transports for their movements, such... more
Finance and economyThe "Golden" wages of Defence and Security in Italy
Rome, Italy - Manganelli, Abrate, Valotto, Branciforte and Bernardis richer than Obama
The Italian Minister of Civil Service Reform, Patroni Griffi, launched the operation "Transparency", a wide control of the wages of the public officers in the Country. The results evidenced an average... more
Finance and economyAircraft and war ships to ward off the blockage of the Strait of Hormuz: the situation become critic
Strait of Hormuz, Iran - Worrying scenery the one prospected by Amhad Ghalebani declarations, president of NIOC
The economic and political situation related to oil supply seems to degenerate day after day. After the menaces of a blockage of the Strait of Hormuz (where American obviates sending two air-sea task... more
Finance and economyBAE Systems: Cameron is not doing enough to rescue English workers
Samlesbury, United Kingdom - 1400 jobs in Lancashire and 900 jobs in Yorkshire are going to be cut
A Lancashire (the region where Samlesbury and the aeronautical establishment of BAE systems are) MP accused the prime minister of not doing too much to help the corporation to positively end the negotiation... more
Finance and economyIndia is going to rescue its airlines. Companies will purchase oil directly
Delhi, India - Oil market expenditures are going to be bypassed, also looking to potential international investors
The safety measure to rescue Air India future is going to be discussed by Government. The measure, directed to rescue five of the six Indian Airlines, is pointing above all to lower fuel import costs,... more
Finance and economyLM F-35: a billionaire business around the new fighter aircraft (VIDEO)
Bethesda, USA - Great opportunities due to marketing ability, right partners and many successes already collected
The F-35 Lightning II, the new American super fighter, finished its tests and it is already the main character in hard international negotiation focused on purchasing it in the next future. This aircraft,... more
Finance and economySarkozy: ''Rafale aircraft will save France"
Paris, France - And maybe will save polls too.
"We are waiting this moment since 30 years" said last days French Premier to the press, before reporting the "Excellent News" to his Ministers, as wrote on "The Guardian". In fact, Rafale deal with... more
Finance and economyCameron still believe in Eurofighter; Indian new fighter won't be sold by French
London, United Kingdom - Wasted time in idle chatter?
After days of polemies which break the news from BAE System Uk's heads recently, English Prime Minister David Cameron spokes too." The notice is obviously disappointing", words recorded by "BBC" on February... more
Finance and economyAutogrill calendar of company events for 2012
Milan, Italy - In March, April (two), May, July and November
Autogrill SpA announces its financial disclosures calendar for 2012, indicating when the Company’s accounts will be examined and approved by Board of Directors and Shareholders’ meetings: - March 7,... more
Finance and economyFinmeccanica: information on the outcome of the share buyback programme
Rome, Italy - The company now holds a total of 32,450 own shares, equivalent to around 0.0056% of the company’s share capital
In compliance with the provisions of article 144-bis, paragraph 4, of the Issuer Regulations implemented by Consob resolution 11971/1999, Finmeccanica advises that on 31 December 2011 the deadline for... more
Finance and economyLufthansa: British Midland sold to IAG (British Airways-Iberia)
Berlin, Germany - Sale provides to the carrier sustainable future prospects and the opportunity to benefit from stronger financial position
Lufthansa said in a press release that Deutsche Lufthansa AG (Lufthansa) and International Airlines Group (IAG) have signed a binding purchase agreement for the sale of British Midland Ltd. (bmi) to IAG... more
Finance and economyGoldman Sachs will act as intermediary in the sale of the Moscow-Domodedovo airport shares
Moscow, Russia - According to rumours, 20% might be on sale for a value of 1 billion American dollars
Following the decision to postpone the initial public offering of the Moscow-Domodedovo airport on the London Stock Exchange taken last May due to the current unfavourable market conditions, the manager... more
Finance and economyFinmeccanica: Standard&Poor’s will maintain society's status
Rome, Italy - At investment grade level
"Standard&Poor’s yesterday announced it will maintain Finmeccanica’s investment grade status, while lowering its long-term credit rating from BBB/Negative Outlook to BBB-/ Negative Outlook and maintaining at... more
Finance and economyFinmeccanica's BoD. Breakdown of key figures
Rome, Italy - The order backlog was EUR 44,811 million
Breakdown of key figures New orders totalled EUR 10,638 million in the first nine months, down EUR 2,841 million (-21%) on the EUR 13,479 million recorded for the first nine months of 2010. This decline... more
Finance and economyFinmeccanica. Third-quarter financial results to 30 September 2011
Rome, Italy - New orders were EUR 10,638 million
Third-quarter financial results to 30 September 2011. NB The 9M11 results reflect the impact of the sale of 45% of Ansaldo Energia on 13 June 2011, date from which Ansaldo Energia has been consolidated... more
Finance and economyAutogrill: the BoD approves the Interim Report to 30th September 2011
Milan, Italy - It sees growth in 3rd quarter revenues and
"The Board of Directors of Autogrill approved the Interim Report to 30th September 2011. Following the figures in a summarized manner: · Consolidated revenues: EUR 1,667m, up 5.1% on 3rd quarter... more
Finance and economyIAG: 3rd quarter results
London, UK - For the three and nine months ended September 30, 2011
International Airlines Group last Friday presented Group results for the three and nine months ended September 30, 2011. In addition, IAG presented combined results for the nine months ended September... more
Finance and economyItaly. SEA (Milan airports): procedure for the listing on the Stock Exchange proceeds
Milan, Italy - Last Friday Board of Directors took the decision
Last Friday, SEA (Società per azioni esercizi aeroportuali - Milan Airports Management Company) announced that the Board of Directors decided to proceed with the publication of the registration document... more
Finance and economyLM announces third quarter 2011 results
Bethesda, Usa - Net sales grew 7 percent to $12.1 billion
Lockheed Martin (LM) announced yersterday third quarter 2011 results. Following the figures: - Net sales grew 7 percent to $12.1 billion - Earnings from continuing operations grew 19 percent to... more