Finance and economy
3,190 news found
DefenseRussia-Ukraine: new sanctions from Brussels
Restrictive measures tightened against Russian military and defense entrepreneurs and companies
The Council of the European Union announces that it has launched today the 13th package of sanctions against Russia, due to the military invasion decided by President Vladimir Putin, considered responsible... more
AirlinesBoeing fires manager Ed Clark
737 Max program manager, new one appointed
The US Boeing Group, specialized in the aerospace and defense sector, has fired the executive Ed Clark, responsible for the program for the 737 Max passenger plane. The announcement, currently unofficial,... more
AirlinesITA Airways: two managers reinstated
Head of Legal Affairs and External Relations suspended in October 2022
Two top managers of the national carrier ITA Airways have been reinstated. They were fired in 2022 when the management was in the hands of the executive president Alfredo Altavilla and the CEO Fabio Lazzerini.... more
DefenseHungary-Sweden agreement on defense
In exchange ratifies Stockholm's membership in NATO
The governments of Hungary and Sweden will sign a defense cooperation agreement. Meanwhile, Prime Minister Viktor Orban and his Swedish counterpart Ulf Kristersson are meeting today to prepare the ratification... more
Civil aviation"Singapore Airshow": Comac attracts interest
Thanks in particular to the international debut of the C-919 aircraft
At the "Singapore Airshow" aviation show (20-25 February) the Chinese state aircraft manufacturer Commercial Aircraft Corporation of China (Comac) managed to overshadow the big names in the sector, the... more
AirlinesITA-Lufthansa: marriage increasingly distant
Who will put an end to the disastrous economic situation of our national airline?
By 6 June 2024, the European Competition Commission will have to rule on the agreement, signed between the German aviation group Lufthansa and the Italian Ministry of Economy and Finance (MEF), which provides... more
AerospaceItaly will put a new satellite into orbit
Green light from the Defense commission of the Chamber of Deputies
The Italian Defense Commission of the Chamber of Deputies has recently approved the draft ministerial decree of the "Resilience of the satellite system for government telecommunications (Sicral R1)" program,... more
DefenseLondon fails nuclear missile test
Launch took place at the end of January off the coast of Florida
The UK has reportedly failed to test a depowered Trident nuclear missile. The launch would have taken place last January 30th off the coast of Florida. Considered a fundamental weapon for Great Britain's... more
Defense"Singapore Airshow". China shows off military helicopters
Debut Z-10ME attack aircraft produced by Avic
The Z-10ME military attack helicopter developed by the Chinese State-owned Aviation Industry Corporation of China (Avic) made its first appearance at the "Singapore Airshow 2024", which is being held at... more
DefenseItaly purchases German Leopard 2 tanks
132 vehicles and 140 platforms for 8 billion and 246 million euros
Italy has given the green light to purchase Leopard 2 tanks produced by the German company Krauss-Maffei. The favorable vote took place at the Defense commission of the Chamber of Deputies yesterday. The... more
DefenseAustralia will renew fleet of naval vessels
Tension with China pushes Sydney government to invest 35 billion dollars
The Australian government has announced a plan to strengthen the navy fleet which includes the commissioning of 20 destroyers and frigates, and 6 surface ships that can operate with or without crew (remotely... more
AirlinesGermany: air strikes impact GDP
Monitoring Bundesbank expects negativity in the 1Q2024
Germany could suffer negative financial and industrial repercussions due to the various strikes planned in the air transport sector. This is what we read in the Bundesbank's monthly monitoring published... more
AirlinesITA-Lufthansa: time passes, opportunity or risk?
The European elections could cause a further postponement beyond June 6th
There is time until 6 June 2024. By that date the offices of the European Competition Commission, led by Margaret Vestager, will decide the fate of the marriage between the German aviation group Lufthansa... more
AirlinesEmbraer manages shortage of PW engines
Spare parts inventory program activated with Scoot airline
The management of Brazilian aircraft manufacturer Embraer has announced that aircraft production is not immune to engine supply problems from US-based Pratt & Whitney, although the Latin American company... more
AirlinesTibet Airlines orders 40 C-919 aircraft
Agreement signed on the sidelines of the "Singapore Airshow"
The Chinese carrier Tibet Airlines has finalized an order for 50 aircraft produced by the Chinese state company Commercial Aircraft Corporation of China (Comac). The two companies signed the agreement... more
AirlinesBelgrade: plane hits light system
Considerable damage to Marathon Airlines E-195 fuselage, wing and tail
Fear and then a sigh of relief among the passengers on board a plane which, taking off from Belgrade airport, collided with the light signaling system. The national airline of Air Serbia guaranteed that... more
Civil aviationThe "Singapore Air Show" starts tomorrow
Large exhibition area of the fair dedicated to business aircraft manufacturers
Anticipation is growing for the return of the biennial international "Singapore Airshow", one of the most important events in Asia in the aviation and defense sectors. The fair will be held starting tomorrow,... more
Civil aviationTowards the development of unmanned electric blimp
Airship project by an Italian company to revolutionize future mobility
The Italian company FloFleet continues the development of its first self-driving electric airship prototype. An innovative solution for the mobility of the future made possible thanks to the "Solidworks... more
AirlinesAir strike in Germany
New mobilization of Lufthansa workers in seven German airports
Another day of chaos in German skies. The VerDi union has called a 27-hour air strike for Tuesday 20 February 2024. Around 25,000 employees of the German aviation group Lufthansa will cross their arms.... more
AirlinesThe Boeing-Airbus challenge won by the French
Europeans aim for 800 planes in 2024, American production blocked until mid-2024
This year too, the aircraft manufacturer Airbus won the challenge with its US rival Boeing. At the end of 2023, the European Group's order book amounted to 8598 helicopters and commercial planes, with... more
AirlinesITA-Lufthansa: doubts about Brussels requests
"The feeling is that the EU does not have the courage to block the merger and is pushing the Germans to abandon the agreement"
The sale of airport slots and international routes are two of the main "sacrifices" that the Directorate General of the European Competition Commission, led by Margrethe Vestager, asks of the German airline... more
CuriositiesUS approves arms sales to Italy
Preliminary green light to start negotiations to sign the purchase contract
The US State Department announced in the last few hours that it had approved the potential sale of various weapons systems to Italy. The approval of the American ministry is preparatory to the start of... more
Civil aviationThe "Singapore Air Show" starts soon
The event from next Tuesday 20 to Sunday 25 of February
The "Singapore Air Show" starts next week. The biennial event will be held from Tuesday 20th to Sunday 25th February. It is one of the largest shows in the aeronautical and aviation sectors in all of Asia.... more
DefenseUSA: Biden will acquire fewer F-35 military aircraft
President asks -18% on number of airplanes in 2024
American President Joe Biden has announced that his administration will ask for a decrease in the number of Lockheed Martin F-35 military combat aircraft that the Pentagon will purchase in 2025. The cut... more
AirlinesITA-Lufthansa: what Brussels values
Arrigo: "Who guarantees that the EU antitrust is independent and guarantees not large competitors?"
By 6 June 2024, the European Competition Commission, led by Margrethe Vestager, will take a decision on the agreement signed between the German aviation group Lufthansa and the Italian Ministry of Economy... more
AerospaceAirplanes and helicopters. Airbus reports FY2023 results
735 commercial aircraft delivered
Airbus reported consolidated Full-Year (FY) 2023 financial results and provided guidance for 2024.Gross commercial aircraft orders totalled 2,319 (2022: 1,078 airplanes) with net orders of 2,094 aircraft... more
AirlinesAirports raise alert on Dengue fever
In January 2024 global infections exceeded 600,000 cases
The World Health Organization (WHO) recently invited travelers to check themselves if they show particular symptoms. This is due to Dengue infections which are growing rapidly globally, particularly in... more
DefenseNew Zealand cuts funding for aircraft
Kaman SH-2 "Seasprite" military helicopters at risk of grounding
Warning from the leaders of the armed forces against the New Zealand government's decision to cut spending in the defense sector. The risk is that cost savings could ground maritime military helicopters... more
AirlinesUAE urge SAF
Accelerate Sustainable Aviation Fuel production
The UAE government is pushing for the production of Sustainable Aviation Fuel (SAF) among Gulf countries. The goal is twofold: to produce fuel to gain market share in a sector dominated by Western industry,... more
AirlinesAircraft and transport. Ethanol industry against Brussels
Legal action vs rules introduced in the aviation sector
Some European ethanol producers are taking legal action against rules introduced to the aviation sector by the European Union's ReFuelEU Aviation plan. The accusation is that of improperly excluding biofuels,... more
AirlinesBrussels approves Korean Air-Asiana airline merger
Airport slots sold for flights to Barcelona, Paris, Rome and Frankfurt
The European Competition Commission, led by Margrethe Vestager, has approved the merger between the South Korean carrier Korean Air and the Asiana Airlines. This is the 13th approval by a guarantor authority... more
AirlinesFAA slows Boeing aircraft production
Deliveries -29% after incident on board Max 9 aircraft
The American aviation group Boeing recorded deliveries falling by -29% after the plane crash that occurred on January 5th on flight AS1282, when a plug door burst in flight on a B-737 Max 9 aircraft (registration... more
AirportsDengue alarm: checks in ports and airports
Prevent epidemic with advent of hot season
There is a Dengue alarm in Italy. Security checks on board planes and ships carrying passengers and goods could soon begin in ports and airports. If necessary, disinfestations will also be carried out... more
Civil defenseUSA: 21 million dollars for fire-fighting helicopters
San Diego (California) invests in rotorcraft and infrastructure
The US city of San Diego has approved an investment of 21 million dollars to strengthen the fire service. The funds allocated will be used for the purchase of a new Subaru-Bell 412 EPX helicopter and for... more
AirlinesBrazil: tug of war between airlines
Gol accuses Latam of trying to take possession of its aircraft
Judge Martin Glenn of the bankruptcy court in Manhattan, in the United States, has authorized the launch of an investigation into the alleged attempt by the Latin American carrier Latam Airlines to take... more
AirlinesCroatia Airlines towards full recovery
Fleet modernization starting in Summer 2024 with rental of 15 aircraft
The flag carrier Croatia Airlines is expected to record full recovery in 2024 compared to the period before the pandemic. The Croatian government announced this, excluding the possibility that in the near... more
AirlinesFlight attendants in revolt in Anglo-Saxon countries
Protests organized in front of 30 airports in the US and UK
The Association of Flight Attendants (AFA) union, together with other acronyms, has called for a mobilization which today involves thousands of flight attendants. Protests were organized in front of 30... more
Finance and economyPoland: investigation into military helicopters
Request for Polish Parliament after penalty paid to Airbus
The Polish Court of Auditors could soon open an investigation into the purchase contract, signed in 2015 between the Warsaw Government and the European manufacturer Airbus Helicopters, for 50 H-225M "Caracal"... more
AirlinesTurkish Airlines bets on Italy
Announced increase in flight frequencies to and from four airports on the Peninsula
The management of the flag carrier Turkish Airlines is betting on Italy. The company has in fact announced a significant increase in flight frequencies to and from four airports: the "Karol Wojtyla" of... more
DefenseRed Sea: Italy leads "Atalanta" mission
Crosetto (Defence minister): "At least three ships, intelligence and logistical support. We evaluate air assets offer"
Italy assumed command of the European military mission "Atalanta". The aim is to guarantee the security of the trade routes on the Red Sea, for which Rome has planned the continuous deployment of at least... more
AirlinesITA Airways: two workers reinstated
Rome Court of Appeal confirms discrimination for a pregnant woman and a mom
The Court of Appeal of Rome has confirmed the reinstatement of two ex-Alitalia workers in the national carrier ITA Airways. Along the same lines as what was stated by the judges at first instance, the... more
AirlinesSuzuki-Maruti bet on eVtol
It is expected to start joint production by 2024
The Indian car company Maruti continues the development of eVtol (Electric Vertical Take-Off and Landing) in collaboration with the Japanese company Suzuki. According to the latest rumors, these aircraft,... more
AirlinesCarrier seeks damages from Boeing
Copa Airlines has cancelled 1700 flights operated by 737 Max 9
The management of the Latin American Copa Airlines has requested compensation for damages from the Boeing Group due to the over 1700 cancelled flights in total (around 20%) due to the operational block... more
DefenseDefense: Swedish Saab makes profits
Sales growth of up to +16% expected in 2024
The Swedish Saab Group, specialized in the automotive and defense sectors, has communicated its financial data for the fourth quarter of 2023. The data shows an increase in operating profit to 135.6 million... more
AirlinesNo seat on plane, risk of missing kidney transplant
Alessandro Cocuzza: "It's absurd that companies don't reserve one or two seats for such situations"
An Italian 64-year-old retired professor, Alessandro Cocuzza, who lives in the province of Messina (Sicily), was supposed to leave for Bologna for a double kidney transplant at the "Sant'Orsola" hospital.... more
AirlinesThai Airways orders 45 new planes
Indiscretion will be confirmed by the end of this month
Thailand's national carrier Thai Airways has reportedly placed an order for 45 B-787 aircraft. The order would also contain an option that provides for the potential purchase of another 25 aircraft of... more
AirlinesITA Airways: MSC hypothesis
Plan B while waiting for the European Competition Commission to decide
The President of the Italian Council of Ministers Giorgia Meloni would have met in recent days in Rome Gianluigi Aponte, the founder of the Mediterranean Shipping Company (MSC) Group, specialized in the... more
AirlinesBrussels against State aid to the air carrier KLM
EU Court reiterates that the government's 3.4 billion euros were not justified
The European Union court has accepted the appeal presented by the low-cost airline Ryanair against the 3.4 billion euros given by the Dutch government to the Dutch airline KLM. Amsterdam wanted to save... more
AirlinesAthens Airport sparks on the stock market
On the first day of stock trading +13%
Stock market debut with sparks for the "Eleftherios Venizelos" international airport in Athens. On the first day of financial trading, the value of the airport management company's stock recorded a +13%,... more
AirlinesAirport strike on February 9th in Italy
A 24 hour mobilization involves handling service company staff
A 24-hour national strike in the airport transportation industry has been called for Friday, February 9, 2024. Postponed and canceled flights expected, with inconvenience and long waits at the boarding... more