Finance and economy
1,660 news found
AirportsIata. Infrastructure costs increasing $ 2.3 billion in a crisis
They will stall recovery in air travel and damage international connectivity
The International Air Transport Association (IATA) warned that planned increases in charges by airports and air navigation service providers (ANSPs) will stall recovery in air travel and damage international... more
Finance and economyALA SpA: BoD approves results as at 30 June 2021
Net financial position in constant improvement; profitability grows
Ebitda of € 7.5 million (+ 7.8%); Ebit of € 6.4 million (+ 12.9%); Pre-tax profit of € 5.2 million (+ 22.3%) more
AirlinesAeroflot Group: operating results for August 2021
Key highlights and aircraft fleet update
Aeroflot announced Aeroflot Group operating results for August and 8M 2021.Key highlights of August 2021:Aeroflot Group carried 5.5 million passengers, 50.3% up year-on-year and 10.9% down vs. 2019;4.5... more
AirlinesLufthansa Group: capital increase to strengthen balance sheet
And to enable the early repayment of stabilization measures in Germany
The global rollout of vaccinations supports customers’ confidence to fly and facilitates the further lifting of travel restrictions. Lufthansa is well positioned to take advantage of the resulting rebound i... more
Finance and economyAirbus joins DAX stock exchange index in Germany
Effective today
Airbus has become a member of the new DAX40 index in Germany, effective today.On 3 September 2021, Deutsche Börse completed the expansion of the DAX from 30 to 40 companies as part of a comprehensive... more
Finance and economyThales confirms all its financial targets
As announced last month
Thales takes note of the decision by the Australian authorities to acquire a fleet of nuclear-powered submarines in the framework of a new strategic security partnership with the United States and the... more
Civil aviationFAA awards USD100M to develop Next Generation of Sustainable Aircraft Technology
It is part of steps Presidente Biden is taking to coordinate innovation
The US Department of Transportation’s Federal Aviation Administration (FAA) has awarded more than $100 million for companies to help develop technologies that reduce fuel use, emissions and noise. The a... more
Civil aviationAircraft. Boeing forecasts $9 trillion aerospace market opportunities
In commercial, defense and services over next decade
Boeing today released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry's recovery following the impacts of COVID-19. The 2021 Boeing Market... more
Civil aviationRR agrees to sell stake in AirTanker Holdings
To Equitix Investment Management Limited
Rolls-Royce announces the agreed sale of its 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189m, including the repayment of shareholder... more
AerospaceAvio: first half 2021 results
Vega returned to flight with two missions -ATTACHMENT
The Board of Directors of Avio SpA, reference aerospace company listed on the STAR segment of the Italian Stock Exchange, today reviewed and approved the HY 2021 results.The highlights:Continuity of operations... more
AirlinesState aid. European Commission finds new carrier ITA is not Alitalia's economic successor
And Italy's capital injections into ITA are market conform
The European Commission has found that Italia Trasporto Aereo SpA (“ITA”) is not the economic successor of Alitalia and, hence, it is not liable to repay illegal State aid received by Alitalia. It als... more
AirlinesEuropean Commission concludes Italian loans to Alitalia are illegal aid
Worth €900 million
The European Commission (EC) has concluded that two State loans for an amount of €900 million, granted by Italy to Alitalia in 2017, are illegal under EU State aid rules. Italy must therefore recover t... more
AirlinesEasyJet announces a 1.4 billion euros capital increase
The carrier wants to recover from the drop in traffic caused by the pandemic
EasyJet announces a 1.2 billion pounds (1.4 billion euros) capital increase to recover from the pandemic. At the same time, the low-cost company will activate a new four-year senior secured revolving credit... more
AirlinesAirplanes and carriers: merger of Korean Air-Asiana authorized
Awaiting the green light from foreign authorities including Europe, UK, Australia, China and USA
The Civil Aviation Authorities of Malaysia (CAAM) have authorized the merger between Korean Air and Asiana Airlines. This was reported by the information site "Flightglobal.com". For now, no official confirmation... more
AirlinesAir New Zealand announces 2021 financial results
The data continue to have Covid-19 impacts
Air New Zealand has announced 2021 financial results.SummaryOperating revenue of $2.5 billion, down 48 percent on the prior yearCargo revenue up 71 percent on the prior yearLoss before other significant... more
AirlinesQantas Group: significant loss from full year of Covid
The hightlights
Qantas Group published today financial results that recorded significant loss from full year of COVID.The highlights are: Underlying Loss Before Tax: $1.83 billionStatutory Loss Before Tax: $2.35 billion$12... more
Finance and economyEmbraer aircraft: 2Q2021 results
The industry delivered 14 and 20 jets
Embraer earnings results 2nd Quarter 2021.Highlights • The industry delivered 14 commercial jets and 20 executive jets (12 light/8 large) in 2Q21, bringing the year-to-date deliveries to 23 commercial j... more
AirlinesPlanes and carriers. Virgin Atlantic's IPO is approaching
It was already close almost a year ago
Richard Branson continues to stay on the crest of the wave. After the first space tourist trip in orbit with his Virgin Galactic (read also the article published by AVIONEWS), in the last few hours there... more
AirportsTibet inaugurates the region's largest airport terminal
Beijing's infrastructure investments continue
Tibet continues to be the ideal region for enhancing air transport. In the last few hours, the newly built terminal 3 of Lhasa-Gonggar airport has been opened, not a simple infrastructure (read also the... more
AirlinesTui unifies five aeronautical divisions in a single Group
Previous management entailed high economic costs
Tui, a German Group active in the tourism sector, has decided to unify its management in a more logical way. The latest move was to unify the five aeronautical companies with which it usually operates... more
AirportsFinal agreement to expand Barcelona Airport
Total economic investment of almost 2 billion
Government has decided that the “Josep Tarradellas” Barcelona-El Prat airport will be expanded in the coming months, a project that has been talked about for some time (read also the article published by... more
AirlinesAircraft. United Airlines will outsource catering operations
In October: partners of air carrier are still unknown
There are some signs, apparently secondary, that make it clear how much the air carriers are in difficulty at the moment. For example, in the last few hours United Airlines has made it known that it intends... more
Finance and economyFincantieri's BoD: 1H 2021 results approved
Total backlog at EUR 37 billion -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has examined and approved the Half year report at June 30, 2021, prepared in accordance with the international financial reporting... more
AerospaceLeonardo: BoD approved the results of the first half 2021
Back on growth path -ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the results of the first half 2021.Solid first half results, back on growth... more
AerospaceAirplanes and helicopters. Airbus reports H1 2021 results
297 commercial aircraft delivered in these six months
Airbus reports Half-Year (H1) 2021 results297 commercial aircraft delivered in H1 2021H1 financials reflect deliveries as well as continued efforts on cost containment and competitivenessRevenues € 24.6 b... more
AirlinesPlanes and carriers. Iberia relies on auction to sell long-haul tickets
Trend has been growing since the pandemic broke out
A particular trend that is increasingly gaining the upper hand. The air carrier Iberia is increasingly relying on the sale of tickets for its scheduled flights through auction. The Spanish media have begun... more
AirlinesITA: shareholders’ meeting approves capital increase
For EUR 700 million
The Shareholders' Meeting of ITA (Italia Trasporto Aereo), which met today, approved a capital increase of € 700 million, as proposed by the Board of Directors of the company. Today's resolution fol... more
AirportsState aid. EC approves Italian scheme to compensate airports and ground-handling operators
For EUR 800m for the damage suffered due to the coronavirus outbreak
The European Commission has approved, under EU State aid rules, a €800 million Italian scheme to compensate airports and ground-handling operators for the damage suffered due to the coronavirus outbreak a... more
AirlinesAirbus vs Boeing for future ITA planes
Air carrier will increase aircraft by 2025
The debut of the ITA carrier (Italy air transport) also represents a very open challenge between Airbus and Boeing, as far as the fleet is concerned. The take-off is scheduled for next October and the... more
AirlinesAircraft and carriers. IAG asks EU more time for Iberia-Air Europa operation
Still doubts about the acquisition of the Spanish airline
International Airlines Group (IAG) has contacted the EU Commission in the last few hours to request more time regarding the acquisition of the air carrier Air Europa by another Spanish company, Iberia... more