Finance and economy
2,865 news found
Finance and economyAircraft and finance. Aena issues tender to insure Stock exchange quotation
Madrid, Spain - The Spanish airport management giant wants to be guaranteed from complaints concerning its IPO, due to start in February
The Spanish airport operator Aena launched a tender to draft a liability insurance contract to protect itself from complaints concerning the troubled Stock exchange quotation of 28% of its capital. The... more
Finance and economyAirplanes and finance. Atlantia SpA is competing for Santiago del Chile airport
Rome, Italy - The Italian holding would be one of the bidders for a twenty-year concession over the South American facility
Atlantia SpA is one of the bidders for the management of Santiago del Chile airport. The news was reported by “Milano Finanza”, saying that the Italian holding applied through the “Grupo Aeropuerto Santi... more
Finance and economyFinmeccanica: financial calendar 2015
Rome, Italy - Five events from March to November: four BoDs and a shareholders' meeting
Finmeccanica informs the annual calendar of corporate events for the year 2015 is as follows: - Wednesday 18 March – Board of Directors: Draft Annual Report for 2014; Consolidated Results for 2014; - T... more
Finance and economyEtihad Airways: FGB and NCB finance B-787/9 Dreamliner aircraft (VIDEO)
Abu Dhabi, UAE - The first airplane has been presented at Abu Dhabi International Airport
Etihad Airways, the national airline of the UAE, has selected Abu Dhabi-based FGB and The National Commercial Bank (NCB) of Saudi Arabia to provide financing for the purchase of a number of its B-787/9... more
Finance and economyEtihad Airways: ADCB provides financing for its first A-380/800 plane (VIDEO)
Abu Dhabi, UAE - The aircraft will commerce operations to London-Heathrow from 27 December 2014
Etihad Airways, the UAE’s national carrier, has received financing from Abu Dhabi Commercial Bank (ADCB) for its first A-380/800 aircraft, which was showcased to the public for the first time at Abu D... more
Finance and economyAirplanes and finance. Aena privatization: Pwc withdraws, February’s quotation in danger
Madrid, Spain - Ernst & Young, only auditor left in the competition, will have to audit last four years’ accounts
The great favourite withdrew from the race and Aena’s privatization may delay further. The success of the entire operation is in doubt. PricewaterhouseCoopers (Pwc), who has been the Spanish airport g... more
Finance and economyAirplanes and finance. TCI founders divorce: shareholders’ core in danger
Madrid, Spain - The judge ordered one of the fund’s owners to pay 425 million Euros to his wife; shall he sell part of its shares?
Can a divorce be a danger for a giant company managing around sixty airports all over the world? It looks likely in the case of Aena. After the presentation to institutional investors was postponed, personal... more
Finance and economyAircraft leasing: Avolon Holdings to list shares on New York Stock Exchange
Dublin, Ireland - The company estimates to raise 286-314 million dollars for its shareholders
Avolon Holdings, Dublin-based aircraft lessor, announced today its intention to list part of its shares on New York Stock Exchange. The firm set its Initial Public Offering (IPO) price at 21 to 23 dollars... more
Finance and economyFinmeccanica: the Japanese offer might not be binding
Rome, Italy - The news was given by the Italian newspaper "Il Sole 24 Ore" that quoted sources close to Hitachi
According to the Italian newspaper “Il Sole 24 Ore”, which on November 19 reported rumours from sources close to Hitachi Group, the offer made on Monday 17 by the Japanese firm to buy AnsaldoBreda and... more
Finance and economyAirplanes and finance. Aena’s comfort letter could be assigned again to Pwc
Madrid, Spain - According to a source from one of the candidate auditors, the tender will not change the situation which was effective before the privatization process was freezed
As reported by the Spanish newspaper “Expansión”, PricewaterhouseCoopers (Pwc) is the favourite in the tender to choose the company that will prepare the comfort letter required by the banks that will... more
Finance and economyAutogrill: the BoD approves the interim management report to 30 September 2014. Airport channel: revenues up 6.7%
Milan, Italy - Growth in net profits and cash flow generation
The board of directors of Autogrill approves the interim management report to 30 September 2014. Results for 3rd quarter 2014 · Consolidated revenues: €1,081.3m, down 2.0% vs €1,107.1m in 3rd quar... more
Finance and economyEmirates Group announces half year performance
Dubai, UAE - Carried 23.3 million passengers, added 13 new aircraft
The Emirates Group today announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts,... more
Finance and economyAirplanes and companies. Aena’s privatization: green light to the tender for the new auditor
Madrid, Spain - The deadline for bidders is November 24
November 12 should have been the day of Aena’s Stock exchange quotation. In the Spanish airport management company’s privatization schedule, it is now only the day in which the Boletín oficial del Esta... more
Finance and economyAirplanes and finance. Aena’s privatization to start again?
Madrid, Spain - According to the secretary of infrastructure, Stock exchange quotation will be done in mid-February
Aena’s privatization process will start again this week, said State secretary of infrastructure Julio Gómez Pomar in a hearing at the Spanish Chamber of Deputies. Aena manages 46 airports and 2 heliports in... more
Finance and economyAirplanes and finance. Aena raises doubts on its own board of directors
Madrid, Spain - After the suspension of the initial public offering the company fears conflict of interests among its new partners
The suspension of Aena’s initial public offering (for details see AVIONEWS) raised doubts over the validity of the new board of directors, which in its October 17 meeting included representatives of i... more
Finance and economyAirplanes and finance. Aena privatizations: foreign investors do not trust official explanations
Madrid, Spain - There could be political matters behind the alleged technical problems
Investment banks coordinating Aena initial public offering explained the cancellation of its presentation to institutional investors with the need to choose a new auditor to prepare the comfort letter... more
Finance and economyAirplanes and finance. Lufthansa confirms projected 2014 operating result
Frankfurt, Germany - EUR 1 billion profit in spite of strikes
Lufthansa confirms projected 2014 operating result, EUR 1 billion profit in spite of strikes. The highlights are: • Lufthansa Group posts nine-month operating profit of EUR 849 million and confirms p... more
Finance and economyAirplanes and finance. 40% of Aeroporti di Roma on sale
Rome, Italy - Arab countries sovereign funds are likely to purchase the shares
Persian Gulf countries’ sovereign funds might soon be shareholders of Aeroporti di Roma (AdR), the company managing Rome-Fiumicino and Ciampino airports. Atlantia, a company owned by the Benetton family, o... more
Finance and economyAirplanes and finance. American Airlines Group reports third quarter result 2014
Fort Worth, Usa - Notable 3Q accomplishments
American Airlines Group Inc. reported its third quarter 2014 results. - Third quarter 2014 net profit, excluding net special charges, was a record $1.2 billion, up 59 percent versus the third quarter... more
Finance and economyAirplanes and economy. IATA President: oil prices drop will affect positively tickets fares
Toronto, Canada - According to IATA director Tony Tyler fuel surcharges will follow the crude prices trend
Tony Tyler, director general of the International Air Transport Association (IATA) forecasts a fuel surcharge on airplane tickets decrease. Oil price is falling: today, Tuesday October 28, crude oil futures... more
Finance and economyFinmeccanica: renewal of the bond issue program “Euro Medium Term Note Programme”
Rome, Italy - For additional 12 months
The Board of Directors of Finmeccanica, convened yesterday under the chairmanship of Gianni De Gennaro, has resolved to renew the bond issue program “Euro Medium Term Note Programme” (EMTN) for additional 12... more
Finance and economyAirplanes and finance. Aena’s presentation to institutional investors cancelled
Madrid, Spain - The Spanish Council of ministers did not approve the initial public offering
Aena’s presentation to institutional investors, scheduled for today, Monday October 27, was cancelled. The deferment could disrupt the Stock exchange quotation calendar of the Spanish airport management g... more
Finance and economyAirplanes and economy. USA carriers’ profits grow as crude prices fall
Dallas, USA - Demand is still strong despite Ebola alarm, but prices do not decrease
Thanks to the crude prices fall, the price of jet fuel has dropped by one-fifth in the third quarter 2014 compared with the same period 2013. This, combined with a strong travel demand allowed United States... more
Finance and economyAirplanes. Boeing reports strong third-quarter results and raises 2014 EPS guidance
Chicago, Usa - Backlog grew to a record $490 billion with over 5,500 commercial airplane orders
Boeing Reports Strong Third-Quarter Results and Raises 2014 EPS Guidance. The highlights: - Core EPS (non-GAAP) rose 19 percent to $2.14 on strong operating performance; GAAP EPS of $1.86 - Revenue... more
Finance and economyAirplanes and airports. Aena denies World Duty Free renegotiations of Barajas concession
Madrid, Spain - The retail company challenges rent growth against passengers’ number decrease
The Spanish airport operator Aena rejected World Duty Free (WDF) proposal to renegotiate rent contracts at Madrid airport. WDF, controlled at 50.1% by Edizione, holding owned by the Italian family Benetton,... more
Finance and economyAirplanes and carriers. Etihad Airways: revenues +29 per cent in Q3 2014 following passenger and cargo growth
Abu Dhabi, UAE - Total revenues of USD 1.8 billion
Etihad Airways, the national airline of the United Arab Emirates, yesterday reported total revenues of USD 1.8 billion for the third quarter of 2014, an impressive increase of 29 per cent year-on-year,... more
Finance and economyAirbus Group amends and extends € 3 billion credit facility
Toulouse, France - The facility is for general corporate purposes
Airbus Group NV has successfully signed an amended and extended € 3 billion revolving syndicated credit facility, in a move designed to benefit from the current favourable loan market conditions. The f... more
Finance and economyAirplanes and companies. Aena privatization: deadline expires, but the Spanish government does not reveals the candidates’ names
Madrid, Spain - Unconfirmed reports say Ferrovial and Corporación Alba have been admitted to the call for tenders
Deadline to decide the investors admitted to the bidding for the purchase of the core of Aena’s shares. But the government refused to reveal the names of the interested companies. Sources from the Ministry o... more
Finance and economyStandard & Poor’s revises Finmeccanica outlook from stable to negative
Rome, Italy - But the agency confirmed the rating
Standard & Poor’s confirmed Finmeccanica long-term rating to “BB+” and short-term to “B”, but at the same time revised its outlook from stable to negative. The agency explains in a note that the revis... more
Finance and economyBoeing will keep on buying titanium from Russia
Yekaterinburg, Russia - The Russian giant VSMPO-AVISMA states sanctions does not affect their contract with the American corporation
The agreement between Boeing and VSMPO-AVISMA is “Secured by long-term contracts” stated Marina Voronkova, the director of the Russian company’s regional policy and public relations. Sanctions imposed by US... more
Finance and economyF2i is going to sell 49% of its airport’s holding
Milan, Italy - The fund controls some of the major Italian airports
49% share of F2i Aeroporti should be sold by the end of the year, reports “Il Sole 24 Ore”. The Italian economic newspaper explains that the deadline to present the non-binding offers was yesterday. Amo... more
Finance and economyAircraft maker Airbus sells some "Defence and Space" division’s activities
Toulouse, France - The operation is part of the subsidiary’s reorganization plan
Airbus Group moves further in its Defence and Space business’s reorganization plan focusing on the subsidiary’s main activities: launchers, satellites, military aircraft and missiles. Part of this str... more
Finance and economyFinmeccanica in the Dow Jones Sustainability Indexes for the fifth consecutive year
Rome, Italy - Beside the Group, just four other A&DS companies admitted
Fifth consecutive endorsement on sustainability for Finmeccanica. Also for 2014-2015, in fact, Company has been admitted to the Dow Jones Sustainability Indexes World and Europe (DJSI), which reward the... more
Finance and economyFinmeccanica evaluates the acquisition offers for AnsaldoBreda and Ansaldo Sts
Milan, Italy - But the Group specifies that the proposals are “Non binding”
Finmeccanica stated yesterday that "At the moment (according to the schedule previously announced) the company’s correct department in charge are examining the non binding offers expressed by several s... more
Finance and economyAirbus Group could sell part of their Dassault Aviation’s shares
Paris, France - The news, not confirmed by the corporation, matches a past statement by CEO Tom Enders
According to some analysts, Airbus Group is planning to sell 10% of Dassault Aviation, a French industry producing military planes and business jets. This could only be the first step towards the transfer... more
Finance and economySEA (Milan airports): the BoD approved the six month financial report at June 30, 2014
Milan, Italy - Traffic on the airport system: 13,6 million passengers and 237,000 tons of goods
The Board of Directors of Sea SpA (Milan airports management company), led by Pietro Modiano, gathered yesterday, approved the six month consolidated financial report at June 30, 2014. Air traffic Over... more
Finance and economyAir Astana: profit up in second quarter 2014
Milan, Italy - The airline carried 939,000 passengers
Air Astana, Kazakhstan’s principal airline, recorded an operating profit of $26.3 million and International Financial Standards Reporting (IFRS) net profit of $16.5 million for the 2nd quarter 2014, i... more
Finance and economyFinmeccanica: available filing of documentation on half-year financial report
Rome, Italy - At the company's headquarters and on its website
Finmeccanica advises that the Half-Year Financial Report at 30 June 2014, complete with the Independent Auditors Report on the condensed Interim Financial Statements, is available at the Company’s headquarters, a... more
Finance and economyFinmeccanica: the BoD approves the half-year financial report at 30 June 2014
Rome, Italy - New orders materially increasing (+ 43%). Order backlog worth EUR 37.6 billion
The Board of Directors of Finmeccanica, convened today under the chairmanship of Gianni De Gennaro, has examined and unanimously approved the Half-Year Financial Report at 30 June 2014. The results... more
Finance and economyAutogrill: the BoD approves the consolidated results at 30 June 2014
Milan, Italy - New contracts proved its capacity to pursue a strategy of expansion in airports worldwide
Meeting today, the Board of Directors of Autogrill SpA examined and approved the consolidated results to 30 June 2014. Results in 2nd quarter 2014 · Consolidated revenues: €974.3m, up 0.4% on €9... more
Finance and economyAirbus Group shows continued progress in half-year (H1) 2014 results
Amsterdam, Holland - Reflecting operational improvement and the continued focus on programme execution
Airbus Group shows continued progress in Half-Year (H1) 2014 results. The highlights: - Revenues increase six percent to € 27.2 billion - EBIT before one-off up 10 percent to € 1.77 billion -... more
Finance and economyAirbus Group closes acquisition of Salzburg München Bank and establishes a company bank
Toulouse, France - In order to provide additional financing options
Airbus Group unveils today to have closed the acquisition of Salzburg München Bank AG from Raiffeisenverband Salzburg on 25 July 2014. The financial operation allows the aeronautics and space group to... more
Finance and economyAlitalia. Shareholders' meeting of today: increase of capital stock decided up to a maximum of EUR 250 million
Rome, Italy - The board of statutory auditors and accounting appointed for 2014-2016 period
The Alitalia-CAI (Compagnia aerea italiana SpA) shareholders meeting, chaired by Roberto Colaninno, gathered today in Fiumicino, in extraordinary and ordinary session. The meeting in extraordinary session... more
Finance and economyeasyJet: performance in the quarter
London, UK - Its capacity grrew 6.8%
easyJet performance in the quarter • Revenue per seat grew by 2.7% at constant currency or by 1.7% on a reported basis to £62.47 per seat despite a less benign capacity environment and a significant in... more
Finance and economyAircraft and finance. Castellucci: Alitalia-Etihad talks to be concluded by July's end"
Rome, Italy - AdR CEO opens to the entry of a partner in the management firm of Rome's Fiumicino and Ciampino airports
The talks between Alitalia and Etihad Airways for the entry of the Abu Dhabi-based company in the ownership structure of the main Italian carrier must be concluded by the end of July: this is the thought... more
Finance and economyAutogrill launches share buy-back programme
Milan, Italy - For a total of 12,720,000 ordinary treasury shares (5% of the share capital)
Pursuant to art. 144-bis, clause 3, Consob Regulation 11971/1999 (“Issuers’ Regulation”), Autogrill SpA has announced the launch of a share buy-back programme for a total of 12,720,000 ordinary treasury share... more
Finance and economyAircraft and finance. Cyprus Airways sells AA its last slot at London-Heathrow Airport
Nicosia, Cyprus - The European company is implementing its restructuring plan
Cyprus Airways announced it concluded the sale to American Airlines (AA) of its last slot at London-Heathrow Airport for 31 million dollars (22.9 million Euros). The operation is part of the massive... more
Finance and economyAircraft and finance. Alitalia: new capital increase in view to satisfy Etihad
Rome, Italy - Shareholders to be called to pay 200 million Euros
Alitalia's shareholders might be forced to carry on another capital increase in just a few months: according to rumours reported by "Il Messaggero", the measure was decided during the meeting of the board... more
Finance and economyAircraft and finance. Italian Transport Minister: "Etihad to invest 1.25 billion in Alitalia through 2018"
Rome, Italy - Maurizio Lupi today will meet European Transport Commissioner Siim Kallas in Rome
Maurizio Lupi, the Italian Transport and Infrastructure Minister, announced that according to Etihad's plan, after the conclusion of the negotiation for the entry of the Abu Dhabi-based carrier in Alitalia's... more
Finance and economyAircraft and finance. Flybe, the restructuring is working: first profits after four years
Exeter, United Kingdom - Operating costs down by 3%
The restructuring plan of Flybe, which is aimed to reducing the costs of the British carrier, is giving its fruits: the Exeter-based company has indeed reported its first year balance sheet in the black... more