Finance and economy
3,188 news found
Finance and economyStock Exchange: Alitalia gains 1,95%
Milan, Italy - After Monti's announcement of the UE green light for the fusion with Air France
Alitalia flies high at the Stock Exchange (+1,95%) after the news released by the UE Commissioner, Mario Monti, about the positive orientation of the Commission to give green light to the business alliance... more
Finance and economyLufthansa to increase stake in Eurowings
Berlin, Germany - It will increase its stake to 49% for EUR 10m
Deutsche Lufthansa AG will increase its stake in the affiliate Eurowings Luftverkehrs AG as Albrecht Knauf, the majority owner, cuts his stake. Lufthansa will raise its stake from the current 24,9% to... more
Finance and economyNew aircraft for Russia
Moscow, Russia - Boeing-767 and Airbus A-320/319 in place of the old fleet
The Russian airline Aeroflot received on October 15th its first Airbus A-319 aircraft. The new aircraft is part of the company's fleet restructuring programme. Aeroflot is the largest state-controlled... more
Finance and economySnecma looks for share-holders
Paris, France – Privatization of the French company
The long waited privatization of the French plane engine manufacturing company could be finalised by next June. The crisis following the September 11 attacks delayed the privatization of the company which... more
Finance and economyIncreasing fees for the carriers
Washington, USA - Prices rise up to USD 12
During the week 29 September-4 October, airline ticket prices increased with USD 12 per round-trip ticket as result of a four-month tax break so as the budgets of the air companies recover after the Iraq... more
Finance and economySwissair shares stock suspended pending an announcement
Zurich, Switzerland - Probably an important financial deal
Swiss International Air Lines has communicated today the trade of its shares has been suspended waiting for an important communication today afternoon about which not a detail has leaked out; the trading,... more
Finance and economyLockheed Martin buys Titan for USD 2,4bn
San Diego, Usa - A giant in the defense field was born
Lockheed Martin has confirmed the acquisition of Titan Corp for USD 1,8bn as well as the assumption of the debt of the San Diego-based company that amounts to USD 580m, carrying the total of the operation... more
Finance and economyFrench government sells its 15,74% of Dassault Systems
Paris, France - An operation worth between EUR 530-580m
The sale of 15.74%-stake of Dassault Systems group will generate between EUR 530-580m and an official source of the government has declared "That the operation had been planned for a long time: we were... more
Finance and economyUE gives the green light to Finmeccanica-Carlyle agreement for the purchase of Avio
Brussels, Belgium - No risk for competition
The Commission of the European Community has given today the free light to the agreement of Finmeccanica and Carlyle for the definitive acquisition of Avio (former Fiat Avio). The transaction waited... more
Finance and economyMoody's Investors Service downgraded the debt rating of Jal and Ana
Tokio, Japan - Both of Japan's major air carriers to Ba3 from Ba1
Moody's Investors Service on Wednesday downgraded the debt rating of Japan Airlines (Jal) and All Nippon Airways (Ana) due to the impact of the Iraq war and Severe Acute Respiratory Syndrome (Sars).The... more
Finance and economySouth West Airlines second quarter profit
New York, Usa - Revenues superior to a year-ago levels
South West Airlines has stated the second quarter net profits are of USD 246m and added it has plan for expansion. It is the world’s largest and most successful budget operator. Boeing yet received an o... more
Finance and economyFunds raise for Gandalf: banks definitive proposals by the end of the month
Milan, Italy - Negotiations with Societe Financiere de Luxembourg SA go on
After the meeting between Gandalf Airlines lawyer and the procurator of Societe Financiere de Luxembourg SA, the agreement to improve Gandalf financial conditions is still valid. By July 30 the Administrative... more
Finance and economyMonti: it's needed conditions for an alliance between Air France and Alitalia
Brussels, Belgium - Otherwise a monopoly could take shape
The alliance between Alitalia and Air France risks, once again, to find on its way impediments of formal nature, because "It still raises important problems under the profile of the competition on a number... more
Finance and economyDhl Airways sold for USD 57m, now it's named Astar Air Cargo
Washington, Usa - Decided the purchase of 10 B-727/200s
An American investment group has acquired Dhl Airways for USD 57m, in a financial operation concluded yesterday. Now the new company, that will have its headquarter in Miami and will be guided from the... more
Finance and economyHsbc to finance Qatar Airways for the purchase of 2 A-321s
Doha, Qatar - They will operate the Gulf routes
It's the first time Qatar Airways and the English credit institution Hsbc conclude such an important transaction, and according to the first indiscretions could not be the last one. It deals with the... more
Finance and economyFinancing for the purchase of 2 A-230s from part of Qatar Airways has been assured
Doha, Qatar - They'll operate routes in Middle East
Qatar Airways, one of the airlines with the highest world growth rate, has signed a deal with Natexis Banques Pupulaires, for the financing that will serve to the carrier for the purchase of 2 A-320s,... more
Finance and economyFinmeccanica and BAe Systems sign a Mou: Eurosystems was born
Rome, Italy - It will be one of the biggest centre in the defense and electronic fields
It has been signed yesterday evening in Rome, the Memorandum of Understanding between the General Executive Manager of Finmeccanica (32.4% controlled from government), Pier Francesco Guarguaglini, and... more
Finance and economyThales is now part of Galileo Industries acquiring 12%
Paris, France - No indiscretion about the value of the deal
It has been signed a first Memorandum of understanding between the French group Thales (operating in the electronic and defense fields) and the European consortium Galileo Industries, according to which... more
Finance and economySigned the deal for the selling of FiatAvio, EUR 1,5bn the final price
Milan, Italy - The operation to be concluded by the end of 2003
It has been signed the agreement between Carlyle Group-Finmeccanica and Fiat for the assignment of FiatAvio, which will take shape through an "ad hoc" carrier, Aviation holding, 70 percent owned by the... more
Finance and economyFiatAvio selling is virtually ended
Tourin, Italy - The agreement for a figure slightly lower than requested from Fiat
According to reliable sources it is going to be concluded without dramatic turn of events the cession of FiatAvio to the Italian-American alliance formed by Finmeccanica and The Caryle Group; the only... more
Finance and economyIt ends today the Lufthansa's take-over bid for Air Dolomiti
Milan, Italy - Purchased more than 94%
The take-over bid launched from Lufthansa on Air Dolomiti ends today, but already yesterday the representatives of the German airline have asserted the operation has been a success; just on Thursday it... more
Finance and economyEads increases of 1.7% on the European stock exchanges
London, United Kingdom - Decisive the news of an Emirates order
Eads has increased of 1.7% on European stock exchanges for the news reported by an economic newspaper, that Arabic airline Emirates could announce an important order for an Airbus on next month. After... more
Finance and economyUSD 3,5bn to the Us airlines in order to damp the losses provoked by war
Washington, Usa - Congress allocates new funds in order to face up the war's costs
Us Congress has approved two amendments that authorize new funds in order to face up the costs of the war and in order to begin the reconstruction in Iraq. It has also allocated funds for the Us airlines,... more
Finance and economyAccording to International Monetary Fund the war costs will be high
Washington, Usa - In war case world economy will slow down
According to the International Monetary Fund (Imf), a long duration and diffused Iraqi conflict will have series consequences for the world economy. Imf economists hypothesis is that the war would prime... more
Finance and economyIn 2003 FMI expect a pil reduction
Paris, France - The uncertainty of world economic conditions hits Ocse countries
Fmi (International Monetary Fund) has reviewed the rating for the countries of Ocse area (Organization for Economic Development and Cooperation)in 2003. The economic survey, presented at G7 in Paris,... more
Finance and economyThe Iraqi war could cost 1% of the economic production
Sydney, Australia – The alarm has been launched by two Australian economists
"Also a short conflict would have the meaningful repercussions on the world-wide economy, but it considers the economic increase indices, these would not go towards a recession". This is the conclusion... more
Finance and economyRaytheon enquired in the Usa for suspect irregularities in the balances from 1997 to 2001
Washington, Usa - The enquiry has been started by Sec (Security and Exchange Commission)
The aeronautical industry Raytheon has been involved in an enquiry of Sec (Security and Exchange Commission) for some irregularities discovered in the balances presented from 1997 to 2001. Until now it... more
Finance and economyPolemics in Pakistan for a USD 2bn loan
Islamabad, Pakistan - Money should be used to buy new aircraft for the national air carriers
By some days in Pakistan is acting a strong polemic caused by the USD 2bn loan, that should be used to buy eleven new aircraft for the PIA (Pakistan International Airlines) that recently has also programmed... more
Finance and economyUs Airway avoid the bankruptcy
Washington, Usa - Reached a agreement with its dependents
The risk of bankruptcy for Us Airways is avoided after the agreement with its 13.500 dependents about cut in wages. The american airline has decided to cut down on expenses to avoid the bankruptcy. This... more
Finance and economyAir Canada will be delisted by Nasdaq
New York, Usa - The delisting will be operative by the next December 3rd
Starting from the next December 3rd Air Canada will be delisted by Nasdaq of Wall Street. The decision has been taken because the shares of the Canadian carrier do not guarantee enough incomes to its shareholders,... more
Finance and economyFraport interested to purchase Sea Holding
Milan, Italy - Albertini: " If there is new offers, it must be reserved"
In accordance with some indiscretions of press, the german Fraport, that controls the airport of Frankfort, would be interesting to purchase the Sea Holding, the society that is responsible to the ground... more
Finance and economyMidwest Express amends and extends bank credit facility
Milwaukee, Usa - Until August 30, 2003
Milwaukee-based Midwest Express Holdings has entered into an amendment to its bank credit facility that will extend until August 30, 2003. Terms of the amendment include an initial USD 25m commitment,... more
Finance and economyBoeing to record third quarter non-cash charges of approximately USD 250m
Chicago, Usa - To strengthen reserves and revalue certain investments amid continuing commercial aviation downturn
The Boeing Company announced today that it will recognize, on a pre-tax basis, certain non-cash charges that will reduce operating earnings approximately USD 250m. The expected after-tax impact to net... more
Finance and economyJapan Airlines System made its debut on the stock market
Tokyo, Japan - The holding company for the JAL-JAS merger
With the issue of 2 billion shares, Japan Airlines System Corp, the holding company created for the giant air carrier born from the merger of Japan Airlines and Japan Air System (JAL Group), formally made... more
Finance and economyBritish Airways shares fell at their lowest point
London, Uk - Even worst than during 1991 war in Iraq
Yesterday the shares price of UK's main air carrier British Airways touched its lower level ever, even worst than what registered in 1991 during the Gulf war. Traders marked BA shares down 8,75p to 95,75p,... more
Finance and economyAmerican Airlines shares fell at levels of 1983
Washington, Usa - Since the beginning of September American's stock has lost half of its value
Bad news for American Airlines (AA) whose stock price in fact fell at levels as low as those in 1983. More than 10 million shares changed hands on Thursday, compared with average trading volume of about... more
Finance and economyEmbraer is selected world leader in aerospace sector for the Dow Jones Sustainability World Index
Sao Paulo, Brazil - For the second year in a row
The Brazilian regional jet manufacturer Embraer has been chosen for the second year in a row to be part of the Dow Jones Sustainability World Index (DJSI World). After surveying 2.500 of the world's largest... more
Finance and economyIt is next to the conclusion the sale of Gate Gourmet
Zurich, Swiss - It will be relieved from an american society of investment
It is next to the conclusion the sale to an American company of Gate Gourmet, branch of ex Swissair group specialized in catering on flight. The passage would be completed in the last quarter of 2002.... more
Finance and economyFinmeccanica loses 87% in its profits for 1Q2002
Rome, Italy
As published yesterday by AVIONEWS, Finmeccanica SpA has confirmed that its net profit in the first three months of the year fallen 87% to 13.891 mln eur from 104.627 mln as the contribution to earnings... more
Finance and economyUsa-Russia: maybe they will co-operate on the creation of an anti-missile system
Reykjavik, Iceland - Talks to start next week in Moscow
According to a Pentagon officer, in his next week meeting with president Vladimir Putin in Moscow, Bush will likely ask Russian co-operation to create an anti-missile system. (m/cesn) more
Finance and economyLufthansa shares lost 3,19% at DAX
Frankfurt, Germany
Lufhtansa has registered a loss of 3,19% of its shares at Frankfurt DAX Stock Exchange, due to concerns raised for the possible acquisition of the German subsidiary of British Airways, Deutsche BA, from... more
Finance and economyMoody's to reduce All Nippon Airways rating
Tokyo, Japan - To Baa3
Financial rating agency Moody's Investors Service is likely to lower All Nippon Airways long-period rating to Baa3. Decision followed Japanese Fair Trade Commission choice to give its ok to Japan Air System... more
Finance and economyMoody's to reduce All Nippon System rating
Tokyo, Japan - To Baa3
Financial rating agency Moody's Investors Service is likely to lower All Nippon Airways long-period rating to Baa3. Decision followed Japanese Fair Trade Commission choice to give its ok to Japan Air System... more
Finance and economyNortrhop Grumman "refused" by TRW
Washington, USA
According to defense electronic industry TRW sources, the shareholders have refused the Northrop Grumman offer to buy a consistent share of industry for 12,2 USDbn, launched in a public offer. The sources... more
Finance and economyOsprey causes damages also in Stock Exchange
New York, USA
The New York law firm of Milberg Weiss Bershad Hynes & Lerach has announced that it has sued Textron Inc. on behalf of purchasers of the securities of the company, between October 19, 2000 and September... more
Finance and economyStandard&Poor's upgrades Lockheed Martin position
New York, USA
Standard & Poor's recently upgraded the LOckheed Martin Corporation's long-term debt rating to Triple-B with a stable outlook and its commercial paper rating to A-2. Net sales for the first quarter of... more
Finance and economyBoeing: 53% losses in first 2002 quarter
Chicago, USA
U.S. industry Boeing Company, announced that it has registered a net percentage loss of 53% in incomes in the first quarter of 2002, compared with the same period of 2001, with a loss of 1,24 USDbn. In... more
Finance and economyKaman reports its first quarter financial results
New York, USA - Losses for over 3 USdm reported
Kaman Corp. reported first quarter earnings per share of 24 cents on a diluted basis, compared to 38 cents per share diluted a year ago. Net earnings were $5.3 million, compared to $8.7 million the previous year. The... more
Finance and economySurge in oil price hits the European airlines stocks
London, Great Britain - The Middle East situation is the cause of the crisis
THe risk of a sudden surge of the oil prices has hit the stocks of most European airlines. British Airways reported the biggest FTSE100 lost, and also Lufthansa and Air France have been hit by the crisis. The... more
Finance and economyBritish Airways downgraded by Moody's
London, Great Britain - The evaluation of one of the leading U.S. rating agency
British airline British Airways has been submitted to a fresh downgrade by U.S. leading rating agency Moody's which has cuts carrier's unsecure rating from Ba1 to Ba2.Moody's said the outlook for BA remained... more