Finance and economy
3,189 news found
Finance and economySave-Do&Co agreement
Venice, Italy - Sale and repurchase: Save registers a capital gain of € 4 bln
Save group, one of the major provider of traveller services, has announced the sale to Do&Co of the Airline catering, Business catering and Event catering activities managed by Airest, company acquired... more
Finance and economyAlitalia (5): shares rise after the eleven bidders
Milan, Italy - Alitalia climbed 2%
Shares of Alitalia climbed 2% after the eleven bidders presented yesterday to Treasure Ministry for the sell of its shares. Among the bidders Carlo De Benedetti, different funds and also Unicredit Group... more
Finance and economyAlitalia (3): the share continues to suffer in Piazza Affari
Milan, Italy - Today Alitalia falls 0,87%
Alitalia fell 1,98% pct to EUR 1,039 after reports Air France-KLM is not interested in bidding for the troubled airline, and the confrontation between Italian Treasure Minister and the French carrier about... more
Finance and economyJpMorgan consider in mark-up the target price of Finmeccanica
Milan, Italy - The investment fund ups the target price to EUR 24
According to JpMorgan, the fundamental stages of Finmeccanica in the first semester are five: three potential orders -for Canadian Fixed- Wing Search & Rescue, with 80% of possibility to win; US Joint... more
Finance and economyRyanair is contrary to the passengers taxes' increase in UK
London, United Kingdom - It is predicted the redoubling
Ryanair CEO, Michael O'Leary, requested to Chancellor, Gordon Brown, to renounce about the taxes increase predicted in UK, which are charged to any Air Passenger Duty (APD). Moreover, O'Leary asked for... more
Finance and economyDelta comes out from the bankruptcy
Atlanta, USA - And it has refused an opa of USD 8,4 billion by the US Airways
The Delta Airlines is due to come out from the controlled bankruptcy, trough the presentation of a reorganization plan to its creditors. The US carrier had already refused the takeover bid of USD 8,4 billion... more
Finance and economyFinmeccanica gives the 30% of Avio to Carlyle Group
Rome, Italy - The value for the deal is EUR 432m
Finmeccanica has announced it has given about the 30% of its participation to Avio to Carlyle, an investment society, for a total value fo EUR 432m. In this operation Finmeccanica has kept the option to... more
Finance and economyAir Madrid in Exchange from 2007
Madrid, Spain - To achieve resources destined to the medium and long run projects
Increase the number of the shareholders to achieve resources destined to the medium and long run projects. These are the goals of the Spanish carrier, that in a press release has remarked the intention... more
Finance and economyBanca Intesa: an air transport securitization operation of USD 650m
Milan, Italy - A press release of the Milan's Credit Institute communicates that
"Banca Intesa ended a securitization operation that aims at covering the risk of its entry into the aeronautic sector. The operation is called 'Da Vinci Synthetic' and is worth about USD 650m, it is the... more
Finance and economyMacquarie Bank offers Australian AD 10m to Qantas
Sydney, Australia - Unofficial voices are coming out last days
Even if it is an "Incomplete and confidential" offer, as clarified by Qantas, is quite sure Macquarie Bank and Texas Pacific will offer AD 10m to purchase Qantas. Nothing is sure but in the mean time these... more
Finance and economyThe AerCap Holdings' IPO
New York, USA - USD 600.3m were raised
AerCap Holdings, Dutch aircraft, engines and components manufacturer, announced it raised USD 600.3m through an IPO (Initial Public Offering) in New York. The offering of 26.1 million shares, equal... more
Finance and economyIs Gemina joining AdR?
Rome, Italy - The property group could purchase shares of Aeroporti di Roma and allow its entrance in the stock market
The Gemina group could soon join AdR (Aeroporti di Roma, the company which manages the Roman airports), and so favour its quotation. It has been reported by financial sources, which also stated the project,... more
Finance and economyAdR Handling has been given to Flightcare
Rome, Italy - The acquisition has been complited today
The transfer of AdR Handling, AdR Group's subsidiary, to Flightcare SL, Spanish company owned by FCC Group (Fomento de Construcciones y Contratas), has been completed today in the presence of Maurizio... more
Finance and economyIberia, an increase of profit and foreign partnerships
Madrid, Spain - The carrier plans an increase of profit of EUR 600m between 2006 and 2008
The financial director of Iberia, Enrique Dupuy, has stated the carrier plans to surpass by the end of the year the profit registered in 2005. To reach this aim the Spanish airline has studied several... more
Finance and economyLufthansa: good results for the quarter
Berlin, Germany - The German carrier has realized a net profit of EUR 414m in the first 9 months of the year
Good results for Lufthansa in the latest quarter. The airline has closed yesterday with an increase of 0,73% in the German market. The German carrier has registered in the last 9 months a net profit of... more
Finance and economyGemina cedes its Impregilo share to IGLI
Rome, Italy - In order to focus on AdR
Gemina ceded its entire share in Impregilo, which is equal to 11.83% of the capital stock, to IGLI, in addition to 5000 preference shares, at EUR 155m. After this operation, Gemina will get a capital gain... more
Finance and economyStock Exchange: a good result for European airlines
Brussels, Belgium - In the wake of a crude cooling
Oil dropped again below 59 dollars per barrel, continuing last week's movement. In the wake of a decrease of crude and fuel prices, today has been a very good day for airlines sector on the Stock Exchange.... more
Finance and economyJP Morgan and Bank of America want Viaggi del Ventaglio
Rome, Italy - The President of the tour operator said that
The deadline for Italian negotiations between Viaggi del Ventaglio tourist group and Eurofly airline for the management of Livingston carrier, which is still owned by Ventaglio itself, is expected on August... more
Finance and economyNew York Stock Exchange decreasing
New York, USA - Lucent and Alcatel's shares are negative
The Day started negatively at New York Stock Exchange (NYSE), the most important financial market of the world. Respect yesterday’s closure in fact the index of NYSE are negative. Dow Jones lost the 0... more
Finance and economyWall Street: positive onset for Boeing
New York, USA - In 2006 is predicted an increase of the 36%
Launching of positive week for Wall Street that expected the quarterly communications today. Among the Companies rises Boeing of the 0,30%, to 80,23$ at share. In quarter April-June it has signed 97 sale... more
Finance and economyParis Stock Exchange: EADS -2.85%
Paris, France - "Times" foresees new Airbus orders
Paris Stock Exchange registers a 2.85% drop at EUR 20.79 per share on EADS stock today, after Airbus market positions loss and its crisis for delays in A-380 deliveries. According to British newspaper,... more
Finance and economyThe Iranian Republic launches a privatization plan to support the access to Wto
Teheran, Iran - In the set of laws are included also the privatization of air companies
In an economic status that sees the 80% of Iranian Islamic Republic’s economy controlled by the Government, the Supreme Guide ayatollah Khamanei has recently enacted a plan to make a privatization of m... more
Finance and economyMBDA signs a contract of EUR 30 million with the German Army
Paris, France - Agreement on missiles supply
MBDA, a company controlled for 25% by Finmeccanica, has signed few days ago a contract with German Army about the supply of long range missiles Pars 3. The value for the deal is EUR 30 million. The MBDA... more
Finance and economyCredit Suisse and General Electric together for infrastructures
Zurich, Switzerland - A joint-venture which will also invest in airports and air control
Credit Suisse, Swiss financial services company, and General Electric, diversified industrial corporation operating in several sectors, which include infrastructures, healthcare and finance, announced... more
Finance and economyFears about bird flu affect European airlines' shares
Brussels, Belgium - Downward on almost all stock exchanges
After the World Health Organization’s words about a possible bird flu virus transmission among men, a difficult day for European air sector. It is obvious that such news, if confirmed, would have a heavy e... more
Finance and economyTurkey towards Europe
Ankara, Turkey - Privatizations and investments are the basis of economic politics
Turkey’s path to Europe goes on. The European Commission has published the economic forecast report concerning 2006-2007: essentially stable GDP, decreasing but still prominent external debt, increasing e... more
Finance and economyAnnual Shareholder's meeting of SAS AB
Stockholm, Sweden - New decisions approved
During the Annual Shareholder’s Meeting, on April 20th, 2006,in accordance with the proposal from the Nominations Committee reelected the following members of the Board of SAS AB: Egil Myklebust (chairman), B... more
Finance and economyBAA's share decreased at London Stock Exchange
London, UK - The dip due to the decrease of the air traffic during March 2006
Yesterday at London Stock Exchange BAA’s share, the company which manages the most important UK airports, lost the 0,18% of its value to GBP 8.39 for share. The dip was due to the unsatisfying results o... more
Finance and economyDoes BAE sell its Airbus stake?
London, United Kingdom - "BBC" reported the news
Yesterday "BBC" reported the news that BAE Systems (British Aerospace), the great aerospace and defense European company, would be willing to sell its stake in Airbus, the European planemaker consortium.... more
Finance and economyEU attacked USA about the helps to Boeing
Geneva, Switzerland - Article 5 of WTO's treaty appealed
Yesterday European Union, during a meeting of the 149 countries of World Trade Organization (WTO), accused US Government to hide the information concerning the report about the funding given to the aircraft... more
Finance and economyBAA and Grupo Ferrovial together in a consortium?
London, United Kingdom - The negotiations would be towards the end, according to the sources
Sources have reported news about BAA (British Airport Authority), the regulator which owns and manages seven airports in its Country and several others worldwide, is about to join a consortium led by Spanish... more
Finance and economyAeroporti. Gemina: Credit Suisse Group under the 2% of the capital
Milan, Italy - It has been made known by Consob in its periodic statements
Credit Suisse Group’s stock partecipation, since last February 17, decreased under the 2% of Gemina’s capital. Consob (Italian commission for companies end exchange) made known it in its periodic statements abo... more
Finance and economyThe agreement Finmeccanica-Puglia Region was signed yesterday
Brindisi, Italy - The signing of Giorgio Zappa and Nichi Vendola
The concord Finmeccanica-Puglia Region about the realization of the aeroanutical pole project in Salento’s area (a South of Italy zone) was finally signed yesterday (see for details AVIONEWS). The agreement i... more
Finance and economyPuglia's aeronautic center: tomorrow the signature
Foggia, Italy - The agreement reached by Puglia Region and Finmeccanica
Tomorrow at 4:00 pm the agreement between Puglia Region (south-east of Italy) and Finmeccanica (Italian aeronautic holding) is going to be signed. The contract foresees the development of an aeronautic... more
Finance and economyAlitalia: Italian Ministry of Economy reduced its stake under a 50%
Milan, Italy - CONSOB's updates revealed it
CONSOB, which checks financial operations of companies with shares at the Milan Stock Exchange, unveiled updates of shares from companies at Piazza Affari by its traditional releases. The Italian Ministry... more
Finance and economyAlitalia. Intermonte: carrier's rating passed from "Neutral" to "Outperform"
Milan, Italy - The rating company's press release
Intermonte lifted Alitalia’s rating to "Outperform" from "Neutral" to the price of EUR 1.18. The rating company said that Italian Treasury Ministry sold 26.6 million of rights at EUR 0.5 with this operation (... more
Finance and economyAmadeus acquires Karavel's tour operator
Madrid, Spain - For EUR 60m in cash
The Spanish travel reservation, Amadeus, said its Internet unit Opodo acquired French tour operator Karavel for EUR 60m in cash. Karavel owns the travel company Promovacances, one of the largest French... more
Finance and economyThe Belgian Government will sell-out its "Brussels International Airport Company" stake
Brussels, Belgium - Many societies are entering the list
Brussels International Airport Company, BIAC, communicated, today, that the Belgian federal government has been manifested the intension to reduce its stake still further 63,6%. At date the BIAC asserted... more
Finance and economyAsian carriers shares are on an upward trend
Tokyo, Japan - Oil price reaches USD 50 a barrel and then stops
Oil price after reaching USD 50 a barrel, it seems during the first week session it have been stopped, aiding Asian carriers shares on an upward trend in market. Cathay Pacific Airways shares are positive,... more
Finance and economySnecma at the stock exchange by June
Paris, France - The opening to the market will be 30/40%
The launch at the stock exchange of Snecma, French airplane engine constructor, which opening to the market will be 30/40%, should occur by nect June. It has been announced by the group's president, Jean-Paul... more
Finance and economyBAE named the new chairman
London, England - In July the leadership change
London Bae Systems, the more important aerospace and military industry of Great Britain, named Dick Oliver as new chairman. Oliver, 57 years, on 1st July of this year, will take over from Sir Richard Evans,... more
Finance and economyUrgent strategies for hi-tech
Rome, Italy - Appeal of Giorgio Zappa, President of Alenia
Giorgio Zappa, President and General Executive Manager of Alenia Aeronautica, have asserted to the Industry Commission of the Senate, the necessity of an urgent definition of the strategies for hi-tech... more
Finance and economyMiddle East: the highest air transport increase of the world
Rome, Italy - Registered a 13% increase
International Air Transport Association declared to have registered in Middle East an air transport increase of 13%, achieving the highest increase percentage of the world. The datum is caused by the... more
Finance and economySN Brussels Airlines and Virgin Express in only one holding
Brussels, Belgium - Signed a letter of intent that plans the fusion
Virgin Express, low-cost carrier owned by the English multimillionaire Branson and SN Brussels Airlines, Belgian carrier born from the ashes of Sabena, announced to have signed a no-binding letter of intent... more
Finance and economyAlghero: Sogeaal directors acquitted
Alghero, Italy - The investigating magistrate: "They acted to improve the structure"
The directors and the auditors of Sogeaal, management society of the Alghero-Fertilia airport, had been acquitted from the charge of duty abuse in regard to the investigations into the financing for the... more
Finance and economyFuel value increase: flight fares rise
Rome, Italy - Negative signals for the American carriers
The further increase of the fuel price is causing significant problems in the cost organization of the main American carriers. Delta Airlines had to reconsider the cost estimate made in January, Continental... more
Finance and economyCost cut at Japan Airlines System
Tokyo, Japan - Work force reduced of 8%
Japan Airlines System planned a cost cut to resolve the economic crisis by reducing its work force of 8%. The reduction will take place in the next three years, by not replacing the workers who quitted... more
Finance and economyAeroporto di Firenze - AdF Society - : 2003 business plan approved
Florence, Italy - Strong profit decrease
The Aeroporto di Firenze Board of Directors yesterday approved the 2003 business plan, registering an operative result of EUR 919,000 (-44,8%) and a 32,9% profit decrease (EUR 738,000) compared to the... more
Finance and economyVolare Group: capital increase of EUR 80m
Rome, Italy - Appointed the new Board of Directors: Giorgio Fossa President
Volare Group informed last Tuesday of a capital increase of EUR 80m, as well as a medium-term extension of the debts towards some suppliers equivalent to EUR 120m. The capital increase has been subscribed... more
Finance and economyParmatour can issue air tickets again
Rome, Italy - Iata had ordered the suspension of the service
The touristic companies of the Parmatour group can issue tickets again. It was decided today in agreement with Iata (International Air Transport Association), which had previously suspended the group's... more