Finance and economy
2,870 news found
Finance and economyAirbus completes divestment of its Defence Electronics unit to KKR
Amsterdam, Holland - Finalised the sale of its business in Germany; waiting for the approval by Paris for the French side
Airbus has finalised the sale of its Germany-based Defence Electronics business to KKR, a leading global investment firm, following the receipt of regulatory and other approvals, including from the German... more
Finance and economyLeonardo: 2016 preliminary results and 2017-2021 Industrial Plan focused on development and growth -SPECIALS AVIONEWS
Rome, Italy - The highlights
Leonardo's Board of Directors, convened today under the Chairmanship of Gianni De Gennaro, approved the 2017-2021 Industrial Plan and examined the 2016 preliminary results. The Board of Directors will... more
Finance and economyAirplanes and helicopters. Airbus delivers Full-Year 2016 results in line with guidance -SPECIALS AVIONEWS
Amsterdam, Holland - Order intake totalled € 134 billion
Airbus delivers Full-Year 2016 results in line with guidance: • Record commercial aircraft deliveries and backlog support ramp-up • Revenues €67 bn; EBIT Adjusted €4.0 bn; EBIT (reported) €2.3 bn; EPS (... more
Finance and economyAirplanes and finance. Bombardier reports fourth quarter and full year 2016 results
Montreal, Canada - Highlights
Bombardier reported yesterday its fourth quarter and full year 2016 results. The Company also affirmed its guidance for 2017 and highlighted another quarter of solid performance as it executes its turnaround... more
Finance and economyAirplanes and finance. Air France-KLM: full year 2016 results and outlook
Paris, France - 93.4 million passengers carried, up 4.0%
The Board of Directors of Air France-KLM, chaired by Jean-Marc Janaillac, met on 15th February 2017 to approve the accounts for the full year 2016. Full year 2016 - Results in line with target, main... more
Finance and economyBerlin-Brandeburg Airport: financing takes effect
Berlin, Germany - New credit agreement implemented successfully after receipt of bond
The finance concept of Flughafen Berlin Brandenburg GmbH (FBB) has been implemented successfully: the investment pledged by the partners Berlin, Brandenburg and the Federal Republic of Germany totalling... more
Finance and economyAirplanes and engines. Rolls-Royce Holdings Plc 2016 Full Year results
London, UK - Highlights
Rolls-Royce Holding Plc 2016 unveiled full year results. Highlights - Reported revenue up 9% - Reported loss reflects a non-cash impact of £4.4bn period-end mark-to-market revaluation of our derivatives... more
Finance and economySaab: year-end report 2016
Linkoping, Sweden - Order bookings, development projects, cash flow and future growth
Defence and security company Saab presents the results for 2016. Order bookings They were lower in 2016 than in 2015, when the company received orders for the new version of Gripen airplane to Brazil,... more
Finance and economyPlanes and markets. Ryanair reduces its net profit in third quarter
Rome, Italy - Sterling exchange rate went down and the net profit of the airline fell 8% to 95 million euros
Ryanair closed third quarter of fiscal year 2016-2017 with a reduction of 8% of its net profit that closed at 95 million euros. The decrease was caused by the reduction of ticket price and to the simultaneous... more
Finance and economyTrump, Iran and the agreement for Boeing planes
Tehran, Iran - The deal with the manufacturer will not fail, otherwise Iranian authorities might ask the return of prepayments with interests. A local source says. Meanwhile Airbus gets ready for new deliveries
About the acquisition of Boeing planes by Iran Air, Iranian minister Abbas Akhundi said today to local media that the signed agreement has a commercial nature and is not in danger. According to what local... more
Finance and economyChanges in management at Airbus Group Bank
Munich, Germany - Christian Unrath to become Chairman of the Managing Board from February; Norbert Kickum to leave the Managing Board
Christian Unrath (50), previously Chief Representative of Airbus Group Bank GmbH, has been appointed Chairman of the Managing Board of the bank by the company’s Supervisory Board with effect from 3 January 2... more
Finance and economyAirports. Autogrill: 2017 corporate events calendar
Milan, Italy - Fixed for March, May, July and September
Autogrill SpA hereby announces the dates of its board of directors’ and shareholders’ meetings to be held during 2017 in order to examine and approve economic and financial results and Revenue performance con... more
Finance and economyAutogrill: Marco Patuano co-opted as non-executive Director
Milan, Italy - Disclosure policy of additional quarterly financial information
Meeting today, the Board of Directors of Autogrill SpA appointed Marco Patuano as a non-executive Director to replace Gianni Mion, in accordance with the procedure required under art. 2386, section 1,... more
Finance and economyAirplanes and helicopters. Boeing reports 4Q results and provides 2017 guidance
Chicago, Usa - The industry delivered the 500th Dreamliner and began final assembly of the first 787/10 aircraft
Boeing reports Fourth-Quarter results and provides 2017 guidance Fourth-Quarter 2016 - Operating cash flow of $2.8 billion driven by solid operating performance - GAAP EPS of $2.59 and core EPS (non-GAAP)... more
Finance and economyAirbus DS sells its shares in Atlas Elektronik
Munich, Germany - Closing of the transaction is subject to customary regulatory approvals
Airbus Defence and Space (DS) has entered into an agreement to sell its 49 percent share in Atlas Elektronik Group to thyssenkrupp AG based in Essen, Germany. With this acquisition, thyssenkrupp, which... more
Finance and economyAirplanes. China liberalizes domestic flight tariffs
Companies may change ticket prices on routes served by more than five carriers
Increases at the stock market on Monday morning for the main air carriers of China after that on Friday the Civil Aviation Administration of China (CAAC) and the National Development and Reform Commission... more
Finance and economyLeonardo: filing of Articles of Association
Rome, Italy - Updated with the new Company’s name adopted since 1 January 2017
Under the current legislation, notice is hereby given that the text of the Articles of Association, updated with the new Company’s name “Leonardo – Società per azioni” (abbreviated form “Leonardo SpA”) adop... more
Finance and economyPossible deal on final price: 20 ATR-72/600 planes at EUR 380 million
Tehran, Iran - This is the agreement that the company and the government of Tehran might reach; still effective the option for 20 more aircraft
According to different international press sources in these days the ATR consortium -subsidiary of Leonardo Finmeccanica and Airbus- might reach an agreement with Tehran authorities on the price of the... more
Finance and economyRoma Capitale places shares in AdR (Fiumicino and Ciampino airports). Uptrend secret offer
Rome, Italy - According to the institutional website published on December 30, 826,800 common stocks at auction
Roma Capitale proceeds with the transfer of the entire participation share, equals to 826,000 common stocks, held in the AdR (Aeroporti di Roma SpA, Rome's airports management company), through procedure... more
Finance and economyLATAM Airlines Group announces the successful conclusion of its capital increase
Santiago, Chile - Qatar Airways completed its acquisition of 10%
LATAM Airlines Group ("LATAM"), the airline group in Latin America, and Qatar Airways (QA), both members of the oneworld alliance, announced that the carrier, through its wholly owned subsidiary Qatar... more
Finance and economyChange in AIR: Airbus Group share becomes Airbus
Amsterdam, Holland - In January 2017
Airbus Group will change its stock market listing name to Airbus in January 2017. This follows the decision announced in September to merge its Group structure with the Commercial Aircraft division. Once... more
Finance and economyAirplanes and finance: Air-France KLM thinks about maintenance area divisions
Paris, France - But labor unions disagree with these changes that under discussion
Many controversies are involving Jean-Marc Janaillac, who is French-Dutch Air-France KLM airline company chairperson and general manager. The possibility of developing company divisions, which should manage... more
Finance and economyAirplanes and finance. Italian ENAV: the BoD approves the first nine months 2016 results
Rome, Italy - Growth in revenues and traffic and focus of cost control
The Board of Directors of ENAV (Italian Flight Assistance Company) approves the first nine months 2016 results. The highlights are: • En-Route and terminal traffic grow 2.0% and 3.6% respectively Y... more
Finance and economyAutogrill: the BoD approves the consolidated results as of 30 September 2016
Milan, Italy - Excellent performance in the airport channel in North America and the International area
Meeting today, the board of directors of Autogrill SpA examined and approved the consolidated results as of 30 September 2016. Results for first nine months of 2016: - Consolidated revenues: €3,281.5m v... more
Finance and economyAirplanes. ANA Holdings: financial results for the six months ended September 30, 2016
Tokyo, Japan - Solid profit performance, with consolidated operating income up 3.2% to ¥89.5 billion
ANA HOLDINGS reports its consolidated financial results for the six months ended September 30, 2016. Overview ・ ANA HD has delivered a solid profit performance, with consolidated operating income u... more
Finance and economyLeonardo-Finmeccanica in the Stock Exchange today, the title suspended
Rome, Italy - After the presentation yesterday of the balance sheet
A very heavy session for Leonardo-Finmeccanica. After the balance sheet presented yesterday, the title continues to fall in the Stock Market and now it has been suspended for excess of reduction from 10,02... more
Finance and economyLeonardo-Finmeccanica: results at 30 September and 3Q 2016. The title suspended in the SE -SPECIALS AVIONEWS
Rome, Italy - For excess of reduction. Backlog at approx EUR 35 billion following the acquisition of the contract for the supply of 28 Eurofighter to the Kuwaiti Ministry of Defence
The Board of Directors of Leonardo-Finmeccanica, convened yesterday under the chairmanship of Gianni De Gennaro, examined and unanimously approved the results at 30 September 2016 and the results for the... more
Finance and economyAirplanes and economy. Air France-Klm: financial year 2016: third quarter results -SPECIALS
Paris, France - 3Q, first nine months and full year outlook
Air France-KLM announced today the financial year 2016: Third Quarter results. Third quarter - Revenues of 6.94 billion euros, down 5.1% and down 4.1% like-for-like - EBITDA of 1,149 million euros,... more
Finance and economyFraport Group Interim Report: nine months 2016; robust performance despite challenging market conditions
Frankfurt, Germany - Its international portfolio achieves mixed results
In the first three quarters of the 2016 business year, the Fraport Group achieved revenue of EUR 1.94 billion (adjusted for IFRIC 12), thus continuing its positive performance from the previous year.... more
Finance and economyAirplanes and finance. Embraer releases third quarter 2016 results
San Josè dos Campos, Brazil - The industry delivered 29 commercial jets and 25 executive
Embraer releases third quarter 2016 results Highlights - During 3Q16, Embraer delivered 29 commercial jets and 25 executive jet airplanes (13 light and 12 large); - The Company’s firm order b... more
Finance and economyAirplanes and helicopters. Boeing reports third quarter results
Chicago, Usa - And it raises full year guidance
Boeing reports Third-Quarter results and raises full year guidance. The highlights are: - Strong operating cash flow of $3.2 billion; repurchased 7.6 million shares for $1.0 billion - GAAP EPS... more
Finance and economyAirplanes and helicopters. Airbus Group reports nine month 2016 results -SPECIALS by AVIONEWS
Amsterdam, Holland - Revenues € 43 billion
Airbus Group reports nine-month (9m) 2016 results. • Healthy orders and backlog support production ramp-up • Aircraft delivery schedule heavily back-loaded to Q4 • 9m financials reflect ongoi... more
Finance and economyAirplanes and finance. Korean Air: record profit in 2016 3Q
Seoul, South Korea - Dispelled recent worries about its financial instability
Korean Air today announced that the company posted its biggest quarterly profit in history, dispelling recent worries about its financial instability (non-consolidated). In the 3rd quarter of 2016, the... more
Finance and economyAirports and motorways. Atlantia accelerates foreign growth and invests in Italy -SPECIALI AVIONEWS
Rome, Italy - After the presentation of yesterday in London, the integral version of the Investor Briefing
Atlantia, the holding of Autostrade per l'Italia and Aeroporti di Roma (Rome's airports-Fiumicino and Ciampino- management company) presented yesterday at the international economical community -through... more
Finance and economyAirports and motorways. Atlantia presented results and growth targets
London, UK - "Over the next 5 years, we will invest more than €5 billion through Autostrade per l’Italia and €2.5 billion through AdR"
Atlantia SpA’s Chief Executive Officer, Giovanni Castellucci, was in London today to present the Group’s future growth strategies and targets to analysts, investors and the international press. "Atlantia is... more
Finance and economyDelta Air Lines announces September Quarter Profit
Atlanta, Usa - $1.9 billion operating cash flow and $1.1 billion free cash flow
Delta Air Lines announces September Quarter Profit. The highlights are: • September 2016 quarter GAAP pre-tax income of $1.9 billion, net income of $1.26 billion and earnings per diluted share o... more
Finance and economyAutogrill Group acquires Stellar Partners Inc., an airport convenience retailer in the USA
Milan , Italy - The transaction involves 38 points of sale in ten US airports. The price agreed upon between the parties is USD$12 million
Autogrill (Milan: AGL IM) announces that its subsidiary HMSHost has completed the acquisition of Stellar Partners Inc., a US specialist airport convenience retailer (convenience retailing covers newspapers,... more
Finance and economyAccounts of Alitalia: budget analysis at the end of 2015, and its implications on the current state of the air carrier. AVIONEWS EXCLUSIVE
Rome, Italy - AVIONEWS public the full version of the analysis by Gaetano F. Intrieri, aviation consultant
Firstly I would like to thank such a historic and prestigious press agency as Avionews for thinking of me for this analysis work. The goal of this work is to define the financial condition of our national... more
Finance and economyCALC enters into finance lease receivables realisation transactions for three aircraft
Hong Kong, China - Since 1 January 2016, the Group has completed realisation for a total of 14 planes
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent operating aircraft lessors in China, announced that it has successfully entered into finance lease receivables tra... more
Finance and economyAircraft and transport. Italian ENAV: BoD approved the 1H2016 results
Rome, Italy - Solid growth in revenue and EBITDA
Enav SpA’s Board of Directors, held yesterday under the chairmanship of Franco Ferdinando Falco Beccalli, approved the first half 2016 financial report as of June 30, 2016. Its CEO Roberta Neri stated: "... more
Finance and economyCALC signs financing framework agreement with Export-Import Bank of China
Tianjin, China - Providing strong support for the Group’s business development
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent aircraft operating lessors in China, announced that it has entered into a financing framework agreement with the Exp... more
Finance and economyAirplanes and finance. IATA: speed, innovation, key for aviation to deliver economic benefits
Singapore, Republic of Singapore - The comments made in a kenynote speech at the opening of the "World Financial Symposium"
The International Air Transport Association (IATA) called for speed and innovation to enable aviation to continue to deliver its vast social and economic benefits. Alexandre de Juniac, IATA’s Director G... more
Finance and economyArianespace to launch multi-payload Vega mission for Earth observation
Paris, France - To put into orbit satellites very important for the life of all days
For its seventh launch of the year, and seventh Vega mission since the light launcher began operations at the Guiana Space Center - French Guiana, in 2012, Arianespace will orbit the PerúSat-1 satellite... more
Finance and economyCALC enters into finance lease receivables realisation transactions for 4 aircraft
Hong Kong, China - Continuous commitment in innovative financing
CALC (China Aircraft Leasing Group Holdings Limited, or the Group) has successfully entered into finance lease receivables transactions (“FLR Transaction”) with a trust, which agreed to purchase the fin... more
Finance and economyAirplanes and events. IATA: "World Financial Symposium" will take place in September (21-23) in Singapore
Geneva, Switzerland - Alexandre de Juniac, who joins IATA as DG and CEO on 1 September, will deliver his first major industry address in this role at "WFS"
The International Air Transport Association’s (IATA) 2016 "World Financial Symposium" (WFS) will focus on building high-performing finance organizations within airlines as a pillar to achieving sustained f... more
Finance and economyFraport Group Interim Report for first Half 2016: solid performance in challenging environment
Frankfurt, Germany - Geopolitical situation and restrained tourist bookings affect several Group airports
In the first half of 2016, the Fraport Group achieved revenue of just over EUR 1.2 billion. Although this represents a EUR 17.1 million (or 1.4 percent) decline year-on-year, it must be taken into account... more
Finance and economyAirplanes and finance. Italian ENAV on global offering of shares: notice of exercise of the over-allotment option in full
Rome, Italy - For a total of 22,600,000 ordinary shares
With reference to the Global Offering and the listing of ENAV SpA, the Company and the Ministry of Economy and Finance announce that yesterday the stabilizing manager Mediobanca -Banca di Credito Finanziario... more
Finance and economyCALC enters into rental realisation transaction for 3 aircraft
Hong Kong, China - Structured products cater to different investment needs
China Aircraft Leasing Group Holdings Limited (“CALC”), one of the largest independent aircraft operating lessors in China, announced that it has entered into a rental realisation transaction for 3 air... more
Finance and economyFraport to sell partial stake in Thalita (Pulkovo Airport) to Qatar Investment Authority
Frankfurt, Germany - 10,5% of the shares. The closing will be completed in the 2H 2016. Soon QIA will have nearly 25% of the airport stakes
Fraport AG Frankfurt Airport (Fraport AG) and its consortium partners at Pulkovo Airport reached yesterday an agreement to sell part of their shares in Thalita Trading Ltd. (Thalita) to Qatar Investment... more
Finance and economyAirplanes. Embraer released 2Q16 results -Specials
San Josè dos Campos, Brazil - Hightlights
Embraer releases 2Q16 results. Highlights: - In 2Q16, Embraer delivered 26 commercial and 26 executive (23 light and 3 large) jet airplanes; - The Company’s firm order backlog ended the quarter a... more