Finance and economy
3,190 news found
AirlinesAir Astana agreement on aircraft engines
Kazakh carrier will change A-320neo engines during 2024
The Air Astana, the national airline of Kazakhstan, has recently reached an agreement with the US company Pratt & Whitney for the supply of PW-1100G engines mounted on the 29 A-320neo aircraft. The air... more
AirlinesFedEx reduces order of Boeing planes
They will be delivered to the cargo company by the end of May 2026
The cargo air carrier FedEx has announced that it will reduce the number of B-767/300F aircraft with a purchase option from 50 to 43. This is what emerges from the company's latest quarterly statistical... more
Finance and economyUkrainian war: Russia threatens NATO planes
Putin: "For us they will be a legitimate target, no matter where they are"
The Kremlin has announced that if the West supplied Lockheed Martin F-16 "Fighting Falcon" warplanes to Ukraine, and these were then used by Kiev against Russia, Moscow's armed forces would launch a military... more
AirlinesITA-Lufthansa: "Brussels puts Southern Italy at risk"
Cancellation of 14 routes to and from Germany could fuel high flight prices
The changes requested by the European Competition Commission, led by Margrethe Vestager, to authorize the marriage between the national carrier ITA Airways and the German Lufthansa Group provide for a... more
Civil aviationCroatia buys two new Canadair planes
It will increase the country's firefighting fleet to eight aircraft
Croatia has recently signed a contract for the purchase of two Canadair DHC-515 firefighting planes produced by the North American manufacturer De Havilland Canada Aircraft. This is thanks to funding from... more
DefenseSaab will build an arms factory in the US
It will produce close combat weapons and ammunition for the US Army
The Swedish Saab Group (Svenska Aeroplan AktieBolaget), which also operates in the aviation and defense sectors, has announced that it plans to build a new plant in the United States for the production... more
Civil aviationNew Boeing CEO: the candidates
The Group's BoD is looking for external managers with proven experience
The board of directors of the US Boeing Group, a company specializing in the aerospace and defense sectors, has started the search for the new CEO who will replace the current CEO Dave Calhoun, who resigned... more
AirlinesITA-Lufthansa: Brussels asks for routes to be cut
Among these, 13 are decidedly profitable intercontinental ones
By 26 April 2024, the Lufthansa Group and the Italian Ministry of Economy and Finance (MEF) will have to provide Brussels with solutions to obtain the European green light for the privatization of the... more
Finance and economyIsrael: ceasefire resolution up for vote
Ultimatum from Israeli Prime Minister Benjamin Netanyahu to the USA
A new draft for the ceasefire in the war between Israelis and Palestinians in the Gaza Strip is up for vote. The document, drawn up by the non-permanent members of the Glass Palace, is currently being... more
AirlinesITA-Lufthansa: Brussels sends letter
Possible green light after renouncing 30% of slots at Fiumicino and Linate airports
The arrival of the notification regarding the critical issues that the ITA-Lufthansa marriage could generate on the national, international and intercontinental markets arrived in these hours in Rome and... more
AirlinesITA-Lufthansa: rival airlines sharpen their claws
No recourse in exchange for the transfer of 30% slots, in particular at Linate
The ITA-Lufthansa agreement is bogged down in Brussels. Meanwhile, rival airlines take advantage of this to scupper the marriage. While waiting for the technicians of the European Competition Commission,... more
AirlinesItaly. Sardinia: territorial continuity in chaos
Italian Uiltrasporti union: "The new council guarantees the right to mobility of Sardinians"
Air Territorial continuity in the chaos in Sardinia. Some passengers resident on the Italian island, workers and protected groups of travelers are not benefiting from the mandatory services imposed on... more
AirlinesProfits of European airlines are soaring
IAG Group obtained better results; flight demand increases in January 2024
The main European air carriers doubled their profits during 2023. This is what emerges from the analysis of the financial statements of four major players in the sector: the German Lufthansa Group, the... more
Civil aviationBoeing: financial liquidity alarm
US group radically reorganizes company to raise cash flow
There is a financial liquidity alarm for the US Boeing Group, specialized in the aerospace and defense sectors. The reason? The slowdown in the production of 737 Max family aircraft imposed by the American... more
AirlinesItaly, expensive flights: fares at +13% at Easter
Ticket prices are increasing in the main Italian airports
Easter is approaching and with it, as per tradition, the prices of airline tickets increase. It is a well-known market mechanism: the growth in demand for travel by passengers determines a rise in the... more
DefenseUkrainian war: Italy confirms support
Prime Minister Giorgia Meloni illustrates the plan in Parliament
The War in Ukraine, the support given to Kiev by Italy and the aims of the Atlantic Alliance. These are some of the issues addressed today by the President of the Italian Council of Ministers, Giorgia... more
AirlinesScandinavian Airlines was saved
Corporate reorganization is expected to finish in mid-2024
The US Bankruptcy Court in New York has approved the rescue plan of the carrier Scandinavian Airlines (SAS), which operates as the national airline in Denmark, Norway and Sweden. Judge Michael Wiles gave... more
Civil aviationITA-Lufthansa: notification from Brussels within days
Rome will have to provide a response to the EU within a month
The arrival of the notification is expected within this week, with the technicians of the European Competition Commission, led by Marghrethe Vestager, will communicate the critical issues that, according... more
Civil aviationInvestors focus on eVtol Archer Aviation
Partner acquires share on the stock market for 8.3 million euros
The US company Archer Aviation, specialized in the development of electric vertical take-off and landing aircraft (eVtol, Electric Vertical Take-Off and Landing), has sold part of its capital to its partner... more
AirlinesLatam plane crash: new hypothesis
Possible problem with the pilot seat activated involuntarily
The first hypotheses have emerged on the causes of the plane crash that occurred in recent days on board a B-787 Dreamliner aircraft of the Chilean carrier Latam, which suddenly lost altitude upon landing... more
Airlines"Golden Easter" to fly to Puglia
Prices rising due to landslide that fell on the railway in Irpinia which cut Italy in half
Ticket prices charged by airlines connecting the "Leonardo da Vinci" airport of Rome-Fiumicino with the airports of Puglia have skyrocketed. The reason? It's partly the fault of the approaching Easter... more
AirlinesGenoa Airport: 15% to the Municipality
Bucci (Mayor): "It is essential to take an active part in the management of the city's airport"
The Italian Municipality of Genoa has been awarded a 15% share of the capital of the Genoa Airport company, which manages the "Cristoforo Colombo" airport in Sestri. It is a stake that was previously in... more
AirlinesTrieste Airport: photovoltaic system soon to be active
It will allow the airport's consumption to be reduced by 80%
The photovoltaic system at Trieste-Ronchi dei Legionari airport will be operational in the next few days. It is a system capable of developing 3.5 megawatts of power, the largest among those installed... more
AirlinesAircraft and strike in Germany
A 48-hour mobilization underway among airport security workers
A 48-hour strike in the air transport sector begins today in Germany. Airport security workers at the airports of Berlin, Hamburg, Cologne, Stuttgart and Karlsruhe-Baden Baden are involved (Thursday 14... more
DefenseEurope increases arms imports
The annual report of the Sipri Institute records a +94%
About eight hundred combat planes and helicopters: Europe doubles its armament imports. In the last five years it has been observed that in the countries of the Old Continent, taken as a whole, the incoming... more
Finance and economyRed Sea: Houthi drones shot down
Greek military ship of European mission "Aspides" defends navigation
Two military drones shot down by Yemeni Houthi rebels in the Red Sea during the night. The counteroffensive was carried out by the Greek military frigate "Hydra", which is part of the European naval mission... more
AirlinesChina Airlines sells five cargo planes
They will be sold to two foreign operators specialized in the air freighter sector
The Taiwanese national carrier China Airlines has announced the signing of an agreement for the sale of five B-747 cargo aircraft. The planes will be sold to two foreign operators: an Asian airline and... more
AirlinesSalerno Airport: runway tested
Plane took off and landed for tests
The technical tests of the runway at the Italian "Costa d'Amalfi" airport in Salerno, begin today, Monday 11 March 2024. In detail, an aircraft completed all the take-off maneuvers and subsequently the... more
AirlinesWhat happened to the Alitalia managers
The company was a high training school for many ones
The former national carrier Alitalia, which from 1946 to 2021 carried a tricolor brand around the globe that quickly became synonymous with Italianness in the world, is today a shadow of itself. Today... more
DefenseWar Israel: humanitarian corridor activated
Italy is also present in the maritime aid initiative for Gaza
Italy is participating in the attempt to open a maritime corridor for the provision of humanitarian assistance in the Gaza Strip, said the European Commission in a statement today. This is an initiative,... more
DefensePiaggio Aerospace (2): Minister Urso meets workers
Next Saturday at the Villanova d'Albenga plant
The Minister of Business and Made in Italy (Mimit), Adolfo Urso, announced that on Saturday 9 March at 1pm he will visit the Piaggio Aerospace factory and speak with the workers of the Ligurian factory... more
Civil aviationPiaggio Aerospace: another 12 months in extraordinary administration
The announcement at question time by the Italian Minister of Business Adolfo Urso
The special administration of the Piaggio Aerospace Italian company has been extended by one year. It was announced in recent hours by the Italian Minister of Business and Made in Italy (Mimit), Adolfo... more
DefenseSweden in NATO from Monday 11 March
Hungarian president promulgated law
The Swedish flag could be raised at the building where the headquarters of the North Atlantic Treaty Organization (NATO) is located in Brussels. This is what emerges from some rumors relaunched by the... more
AirlinesITA Airways: a consortium with Delta and MSC is better
The Air France-Lufthansa dispute that blocks privatization would end
The IAG Group (International Airlines Group) and the Spanish company Air Europa are proceeding with the merger, but according to rumors they have temporarily suspended the merger procedure, apparently... more
AirlinesAircraft and transport: carrier privatizations in the balance
In addition to the ITA-Lufthansa dossier, there is also an offer from the lAG Group to acquire Spanish Air Europa
Various privatization procedures underway in Europe hang in the balance. There is not only the ITA-Lufthansa dossier, but also the offer of the lAG Group (International Airlines Group) to acquire the Spanish... more
AirlinesAircraft and strike in Germany
Lufthansa ground staff crosses their arms, inconvenience for 200,000 passengers
Black weekend for transport in Germany. A two-day strike has been proclaimed in the airline sector. The Verdi union has called a stoppage from work from 4:00 am on Thursday 7th to 7:10 am on Saturday 9th... more
AirlinesITA-Lufthansa: clouds on the horizon
Brussels ensures constructive dialogue; Urso: "We expect a decision in a reasonable time"
Brussels' attempt at reassurance on the ITA-Lufthansa marriage fails. The European Commissioner for Competition, Margrethe Vestager, tried yesterday. But saying that the "dialogue is proceeding" is not... more
AirlinesITA-Lufthansa: Air France is against merger
Possible appeal by French airline weighs on the EU Competition Commission decision
The Italian Ministry of Economy and Finance (MEF), led by Giancarlo Giorgetti, and the German aviation group Lufthansa are concerned about the rigidity with which the European Competition Commission, led... more
AirlinesPiaggio Aerospace: summit in the Municipality
We are looking for a plan for the reintegration of workers into work in Genoa
A fruitful meeting took place yesterday between the unions and the Municipality of Genoa regarding the re-employment of workers from the Piaggio Aerospace company. Various possibilities were put on the... more
AirlinesITA Airways: Turicchi admits, financial report in the red
The president talks about "getting the company back to producing profits soon"
The flag carrier ITA Airways has added the first owned aircraft to its fleet: an A-330/900. The purchase was financed through a bond issue worth 80 million euros, brokered by the investment company Castlelake,... more
Civil aviationHelicopters. Italy present at "Heli-Expo 2024"
Last day of the fair for the international event with over 600 exhibitors
Last day for the international exhibition "Heli-Expo 2024". The event, which takes place in the United States at the Anaheim Convention center in California, recorded the presence of around 14,000 professionals... more
AirlinesLast Qatar Airways A-350 plane back in operation
Airbus has solved all aircraft fuselage painting problems
National carrier Qatar Airways has put the the last of its A-350 planes back into service. It was grounded last year due to deteriorating fuselage paint problems. It is a situation that has caused a heated... more
DefenseUK seeks new military helicopter
Contract will be awarded to the winner of the tender in 2025
The British Ministry of Defense announced the launch in the last few hours of the "New Medium Helicopter" program for the modernization of the national fleet of military helicopters. London plans to award... more
AirlinesAmerican Airlines considers order of 100 aircraft
Company confirms dialogue with manufacturers Boeing and Airbus
The US carrier American Airlines is said to be close to signing an agreement for the purchase of around 100 narrow-body aircraft, supplied partly by the European manufacturer Airbus and partly by the American... more
DefenseSweden will supply planes and technology to Hungary
Gripen military aircraft and creation of a virtual reality center in Eastern Europe - DATA SHEET
The Swedish Ministry of Defense and the Swedish aircraft manufacturer Saab have recently signed a contract for the purchase of a further four Gripen C military combat aircraft which will be destined for... more
Civil aviationEgypt: international tender for airports
The call for bids for the management of 28 airports will be launched in the next few days
The Government of Egypt wants to entrust the management and development of its 28 airports, of which nine are of international importance. With this objective, in the next few days Cairo will publish an... more
Civil aviationHelicopters. "Heli-Expo 2024" kicks off
Over 600 exhibitors; panel on Advanced Air Mobility, artificial intelligence and aviation safety - VIDEO
The international exhibition "Heli-Expo 2024" kicks off in the United States. The event, which opened in the last few hours and will end next Thursday 29 February at the Anaheim Convention center in California,... more
AirlinesIndiGo airline will lease 20 aircraft
Indian company tries to cope with shortage of Pratt & Whitney engines
Indian IndiGo Airlines is looking to lease around 12 aircraft from the secondary market and to lease up to eight airframes (including fuselage, undercarriage, wings) to accommodate the grounding of several... more
AirlinesBoeing delays plane deliveries, Ryanair plans to cut flights
Orders push company to reduce Summer program in the busiest period of the year
The low-cost airline Ryanair may be forced to cut some scheduled flight during the Summer 2024 season due to the shortage of aircraft supplied by the US Boeing Group. A hard blow for the airline, which... more
AirlinesUSA-Israel: first flight restored
Lufthansa, Swiss Air, Austrian, Aegean, Air France, United are reactivating air connections
The US United Airlines has declared in recent days that it plans to restore direct flight to Israel. The first air connection should be operated at the beginning of March 2024. This is the first American... more