Finance and economy
2,096 news found
Civil aviationMD Helicopters boosts production
From bankruptcy risk to expansion: 50 aircraft by 2025
The US manufacturer MD Helicopters has announced its aim to enhance the annual production capacity of aircraft: assembling 19 of them in 2023, bringing it to 25 in 2024 and finally rising to 50 by 2025.... more
Civil aviationIndia boosts sky industry
New Delhi will build Imrh aircraft in partnership with France
India boosts domestic helicopter industry. The aim is to expand into domestic and international markets. After the opening of the largest helicopter factory of the State-owned Hindustan Aeronautical (HAL)... more
Civil aviationITA Airways present at Oltremare
Will participate in the 26th edition of the Mediterranean Tourism Exchange (March 16-18)
The national air carrier ITA Airways will participate in the 26th edition of the Mediterranean Tourism Exchange (Bmt), the sector fair that brings together the main economic players operating in the Mediterranean:... more
AirlinesIndiGo looks to the United States
Indian company evaluates codeshare with Turkish Airlines for routes to North America
Indian low-cost carrier IndiGo is considering the expansion of its flights network to the United States by codeshare connectivity through Turkish Airlines. The announcement comes after the Indian airline... more
AirlinesLufthansa's accounts are flying again
Net profit doubles, which is positive for the first time since the beginning of the pandemic
The German aviation group Lufthansa has communicated the economic data 2022. The positive trend marks the recovery from the pandemic: the doubling of revenues to 32.77 billion euros (+95% on 2021), a net... more
AirlinesITA Airways: negotiations ahead with Lufthansa
Solid travel demand and German economic accounts create optimism
The CEO of the German aviation group Lufthansa, Carsten Spohr, recently spoke to comment on the positive economic data recorded by the company in 2022. In particular the doubling of revenues (32.8 billion... more
Civil aviationB-787 Dreamliner aircraft deliveries still stalled
FAA: "They will not resume until it meets required safety standards"
Deliveries of the long-range B-787 Dreamliner aircraft, suspended in recent days by the US Federal Aviation Administration (FAA) due to a fuselage problem, will not resume until the issue is resolved,... more
AccidentsBryant helicopter crash: 28.5 million to the family
Maxi compensation for publication of photos of victims' bodies
Relatives of former basketball star Kobe Bryant to receive 28.5 million dollars in compensation for publication of dramatic photographs of helicopter crash that occurred on January 26, 2020 in which former... more
AirlinesItaly looks to the "Dubai Airport Show"
Institutional stand at the aeronautical show scheduled for May 2023
Italy will be present with an institutional stand at the "Dubai Airport Show" international aeronautical exhibition, scheduled from 9 to 11 May 2023 at the Dubai World Trade Centre. The exhibition space... more
AirlinesAir transport growing in 2022
Passenger traffic +122% compared to the previous year, but far from 2019 performance
The federal statistical office of Switzerland has recently communicated the data relating to the volumes of air traffic recorded during the year 2022. Passengers in transit at the country's airports were... more
AirlinesAir strike in Germany
Many flights canceled at Duesseldorf and Cologne-Bonn airports
Air travel disruptions in Germany. Most flight connections at Duesseldorf and Cologne-Bonn airports were cancelled today due to a 24-hour strike called by the Verdi union. The inconvenience also affects... more
DefenseRussia-Ukraine: one year after the war
Awaited Russian offensive in the Spring, while China and the USA work for peace
A year passed since the start of the Russia-Ukraine war. It was February 24, 2022: that night vehicles and soldiers of the armed forces of Moscow penetrated enemy territory, for what was to be a "blitzkrieg",... more
AirportsHeathrow Airport halves losses
Fiscal Year 2022 financial reporting
The management of Heathrow airport has communicated financial data for the 2022 fiscal year. The positive figure that catches the eye is the halving of adjusted losses, before tax: equal to 684 million... more
Finance and economy"Aero India 2023": Embraer bets on defense
C-390 Millennium aircraft exhibited at an event to boost exports
The management of the Brazilian aviation group Embraer has decided that in 2023 it will aim to strengthen the exports of its Defense and Security division (in 2022 revenues at -40% on 2021). In particular,... more
Finance and economyChina: US companies blacklisted
Restrictions on the trade of aero engines, landing gear and various components
China has placed two US companies on the "unreliable entities list": Lockheed Martin and Raytheon Technologies. Their fault is that of supplying arms to Taiwan, the island which Beijing defines as "rebel"... more
DefenseRussia-Ukraine: Italy approves aid decree
Crosetto: "We are talking about weapons, but we are also sending civilian aid, generators, blankets"
Italy has approved the sixth aid decree (humanitarian and military) in support of Ukraine, which Russia invaded militarily almost a year ago. This was announced in these hours by the Minister of Defense,... more
AirlinesPilot market will be worth 20 billion in 2029
The data of a sector analysis carried out by an American research centre
The global pilot training market is projected to reach 20.21 billion dollars by 2029. This is a Compounded Annual Growth Rate (CAGR) of +31.55% between 2022 and 2029. It emerges from the analysis contained... more
AirlinesAir India purchases 250 aircraft
The contract involves the A-320neo and A-350 aircraft
The State-owned air carrier Air India (controlled by the Tata Group) today finalized a purchase for 250 aircraft produced by the European manufacturer Airbus: these are 210 airplanes of the A-320neo narrowbody... more
AirlinesICAO forecasts complete recovery and growth of air passenger demand in 2023
In 2022 aircraft orders and deliveries by Airbus and Boeing grew
Using advanced big data analytics, ICAO (International Civil Aviation Organization) forecasts that air passenger demand in 2023 will rapidly recover to pre-pandemic levels on most routes by the first quarter... more
AirlinesRussia: Putin meets aeronautical sector
Allocated 161 million Euros for transport in the Far East, thud in the tourism sector
Russian President Vladimir Putin met with representatives of the national aviation industry in the past few hours. At the center of the meeting once again the effects of the economic sanctions inflicted... more
AirportsTurkey: Hatay airport built on the fault line
The denunciation of the National Union of Chambers of Engineers and Architects
The Union of Chambers of Engineers and Architects of Turkey (Tmmob, Türk Mühendis ve Mimar Odalari Birligi), has criticized the national institutions for having built the Hatay international airport, l... more
AirlinesTurkish Airlines in support of earthquake victims
Low fares for transporting volunteers to areas affected by it
The Turkish Airlines company has made available air tickets at fixed prices for departing passengers who intend to volunteer in the areas affected by the earthquake on February 6th. The discounted fare... more
AirlinesUnited States: Loyalty programs worth 200 billion
The value of the top five loyalty schemes according to a recent study
The value of the top five air carrier loyalty programs is worth 200 billion dollars. The commercial ventures of US companies dominate, which in some cases have become the most profitable assets of airline... more
DefenseZelensky flies to London
First European trip since the start of the war
The Ukrainian president Volodymyr Zelensky is not going to San Remo but flies to London today, where he will give a speech in Parliament, according to Downing Street, the office of the British prime minister.... more
AirportsAir-passenger traffic doubled in Europe
Airports Council International (ACI) data for the year 2022 -ATTACHMENT
The Airports Council International (ACI), the association that brings together the management companies of European airports, has recently communicated the data on air traffic recorded during 2022. The... more
Civil aviationEnd of Japanese aircraft project
Announcement concludes 16-year development programme
The dream of creating the first passenger aircraft developed entirely on Japanese soil has definitively faded. It was communicated by the Mitsubishi Heavy Industries Group, head of the Mitsubishi Aircraft... more
AirlinesITA Airways: 100% Lufthansa in two years
The German group expects the Italian airline to reach break-even by 2025
The exclusive negotiation between the Italian Ministry of Economy and Finance (Mef) and the German aviation group Lufthansa, for the privatization of the national air carrier ITA Airways, is now in full... more
AirlinesITA Airways (2): details on the Lufthansa offer
Germans interested in a quota "between 20 and 40%"
Important details emerge on the Lufthansa Group's proposed purchase of a stake in the national air carrier ITA Airways. According to rumors relaunched by the Italian media, in the Memorandum of Understanding... more
AirlinesITA Airways: from Lufthansa "yes" to increase salaries
More than 3,600 current workers may have an increase soon
There are positive news on the employee salary issue of the national air carrier ITA Airways. Less than 48 hours after the meeting between seven trade unions and the airline's management, the favorable... more
AirlinesIndia: growing demand for helicopters
Aircraft are main means of transport during the regional electoral campaign
The State of Karnataka, located in the south-west of the Indian peninsula, is preparing for the 2023 elections. This has led most government representatives to schedule numerous helicopter trips to drastically... more