Finance and economy
1,943 news found
AirlinesITA Airways: what has been discussed with the buyer
Sales, financial aspects, aircraft fleet expansion and new flight routes
The exclusive negotiation for the privatization of the national airline ITA Airways get into the thick of things. Yesterday the first meeting, which took place in Fiumicino, between the executive president... more
AirlinesITA Airways needs investments right away
Possible extension of negotiations with Certares to define details
The negotiation for the privatization of the flag carrier ITA Airways gets underway. Today the first meeting between the Italian managers and a large delegation of the consortium that presented the winning... more
Civil aviationAircraft manufacturer Pilatus buys Skytech
US company will continue to maintain its autonomy
The Swiss aircraft manufacturer Pilatus has bought Skytech, an American company specializing in the sale and management of aircraft. The parties have agreed not to disclose the purchase price. The American... more
AirlinesBoeing settles on B-737 Max plane crashes
It will pay 200 million dollars to the US Securities and Exchange Commission
The US Securities and Exchange Commission (SEC), the federal body responsible for supervising the stock exchange, announced today that the Boeing Group, which operates in the aerospace and defense sectors,... more
AirlinesPutin to the Nation: the escape of the Russians by plane
Sold out tickets for flights and trains departing from Moscow
After the partial mobilization of Russian soldiers announced yesterday by President Vladimir Putin, thousands of Russian citizens tried to leave the country. Immediately after the words of the head of... more
AirlinesITA Airways: how much the State will earn
Costs and revenues in the privatization of the national airline
The privatization of the national airline ITA Airways will be finalized after the elections on September 25th. The US investment fund Certares, commercially allied with the carriers Delta Air Lines and... more
AirlinesAlitalia: 14 indicted for bankruptcy
Preliminary hearing date set for May
The Judge for the preliminary hearing of the Italian Court of Civitavecchia identified the date of May 8 for the first appearance of the accused in the trial of the financial failure of the former national... more
DefenseSummit in Samarkand with Xi and Putin
United by will to question the presumed Western domination of the world
The summit of the political leaders of the countries of the Shanghai Cooperation Organization (SCO), which is held in the city of Samarkand, in Uzbekistan, is starting in these hours. There is great anticipation... more
AirlinesTap Portugal airline towards privatization
Talks started months ago: Air France-KLM and Lufthansa in the race
Air France-KLM and Lufthansa aircraft groups are competing to take over 50% of the Portuguese national airline Tap Air Portugal. The negotiation is coordinated by the Lusitanian government which wants... more
Civil aviationBrussels buys 10 firefighting planes
Announcement today in Strasbourg: three helicopters are among the purchases
The European Union has announced that it will purchase 10 new amphibious aircraft and 3 additional firefighting helicopters to complete the fleet that fights tens of thousands of fires across the Old Continent... more
AirportsTwo planes carrying migrants seized
Organization used them to transport them from Turkey to Italy and Europe
The Belgian Police seized two aircraft worth a total of 426,000 euros as they were illegally used to transport migrants, mainly of Kurdish or Iraqi origin, from Turkey to get them to Italy and other European... more
AirlinesGermany sells its stake in Lufthansa
A 9.9% of the capital put on the market for over 1 billion euros
The German Government has sold its stake in the Lufthansa national airline group to private investors. This is a volume of shares equal to 9.9%, held since Summer 2020, which was placed on the market and... more
AirlinesITA Airways: the steps of privatization
A preliminary agreement is expected not before the end of October
A preliminary agreement between the Ministry of Economy and Finance (Mef) and the Certares fund (with the carriers Air France and Delta Air Lines) for the purchase and sale of the majority of the capital... more
CargoUkrainian war: the Greek arms hub
An Italian ship also unloaded armored vehicles this summer
The routes for the supply of war material to Ukraine by the countries of the North Atlantic Treaty Organization (NATO) have in the Greek city of Alexandroupolis, a few kilometers from Turkey, a crucial... more
AirlinesAir India will expand its aircraft fleet
Air carrier Group Tata will lease 30 units from Boeing and Airbus
The national airline Air India, controlled by the Tata Group, announced today that it will expand its fleet by more than 25% thanks to the rental of 31 new aircraft built by American Boeing and European... more
AirlinesAirline El Al Israel gives public loan back
Airline-finance ministry agreement to anticipate reimbursement
National airline El Al Israel will repay a 45 million dollars loan received from the Tel Aviv government during the pandemic by the end of the year. This is the result of an agreement reached between the... more
AirlinesITA Airways: alarm on the economic account
The Executive postponed the capital increase to the end of the year
The Ministry of Economy and Finance (Mef), sole shareholder of the flag carrier ITA Airways, received a report on the company's income statements from the airline's management in the past few hours.... more
AirlinesITA Airways: Certares strengthens its hiring plan
To rise to 5200 employed in 2024 and other grafts with the opening of new routes
The exclusive negotiation for the privatization of the Italian airline ITA Airways, between the Ministry of Economy and Finance (Mef) and a Franco-American consortium led by the US investment fund Certares,... more
AirlinesITA Airways: details on Certares's offer
New synergies with Latin American market and leisure and business travel companies
Private negotiations between the Ministry of Economy and Finance and a French-American consortium led by the US investment fund Certares (along with airlines Air France and Delta Air Lines) have begun.... more
AirlinesITA (2): the note issued by Air France-KLM
The Group welcomes the announcement by the Italian Government
Air France-KLM welcomes the announcement by the Italian Government granting the exclusivity to the Consortium formed by Certares -as equity partner- and Air France-KLM and Delta Air Lines -as commercial... more
AirlinesITA Airways: what will be the negotiation with Certares
Wins offer that gives the Italian Government ample room for maneuver
The US fund Certares wins the process that leads to the privatization of the national airline ITA Airways. Today the Italian Ministry of Economy and Finance (Mef) announced that an exclusive negotiation... more
AirlinesITA Airways: privatization in the final stages
Possible penalties if Goverment change is mind; Msc-Lufthansa bid is better
The privatization of air carrier ITA Airways is reaching the final stages. Having opened and evaluated the envelopes containing the third perfected proposal from the interested consortia, the timeframe... more
AirlinesITA Airways: reading of takeover today
Consideration is being given to armoring privatization with multimillion-dollar withdrawal penalty
Deadlines for submitting updated bids for the takeover of flag carrier ITA Airways expired yesterday at 11:59 pm. The privatization thus gets into full swing with the bids of the two interested cordates:... more
AirlinesITA Airways: new proposals today
Challenge between Msc-Lufthansa and Certares fund, no decision made option is standing
The deadline for submitting bids for the takeover of air carrier ITA Airways expires today, August 22: by 11:59 pm the two interested consortia Msc-Lufthansa and the Certares fund (with carriers Delta... more
AirportsFraport: results during the first half 2022
The company sees dynamic passenger growth
Following the widespread lifting of pandemic-related travel restrictions, the airports across the Fraport Group recorded a strong rebound in passenger traffic. Some of Fraport’s Greek airports serving h... more
Civil aviationInflation drives up air travel prices
Why summer 2022 fares in the US are higher than in 2019
Inflation is driving up air travel prices. This is what we see in the United States, as everywhere else in the world: from oil to eggs, from gas to fuel, everything is more expensive. This is also true... more
AirlinesHeathrow Airport: stop booking until August 8
British Airways carrier initiative to suspend ticket sales
There is no peace at London-Heathrow Airport. Amid delays, staff shortages and strikes, there continues to be major disruptions in air passenger transport and related services. At the London airport, in... more
Finance and economyUS say yes to assist Greek military helicopters
Pentagon approves sale of services and components for S-70
The US State Department has approved the sale to Greece of services and components for Sikorsky S-70 military helicopters. The Pentagon said the deal has an estimated value of about 162,07 million dollars,... more
AirportsF2i reaches 7 billion in funding
And it launches its first infrastructure debt fund
F2i SGR, Italy's largest infrastructure asset manager and leading player in Europe, has topped EUR 7 billion in funding with the launch of its first Infrastructure Debt Fund which has a target of EUR... more
Civil aviationAirplanes and helicopters. Airbus reports 1H2022 results
297 commercial aircraft delivered in this period
Airbus reported consolidated financial results for the Half-Year (H1) ended 30 June 2022.The highlights are: 297 commercial aircraft delivered in H1 2022 Revenues € 24.8 billion; EBIT Adjusted € 2.6 bil... more