Finance and economy
1,549 news found
AirlinesAustralia increases economic aid for air carriers
Plans for all national routes were renewed
“Advance, beautiful Australia”: hymn of the Oceanian nation speaks clearly and the Canberra government could not fail to take adequate measures to advance the air transport sector. It is no coincidence tha... more
AirlinesIreland. Appointment of new IAA leader doesn't convince
Diarmuid O'Conghaile will shortly manage the Irish Aviation Authority
A "very fresh" appointment that is immediately debated: to lead IAA (Irish Aviation Authority), Irish authority that regulates the country's aviation, Diarmuid O'Conghaile, current CEO of airline... more
AirlinesAir France/trade union agreement for 3640 voluntary exits
Carrier proposed this alternative to dismissal
An important reduction in ground crew: transalpine carrier Air France recently concluded an agreement with trade unions regarding the so-called "employment protection plan". This agreement was reached... more
AirlinesPlanes. El Al rejects offer to buy shares of Eli Rozenberg
In this financial operation he works on behalf of his father, who is not an Israeli citizen
His father is not an Israeli citizen and the acquisition of shares in the air carrier is not possible: this is the reason with which El Al decided to reject the offer for purchasing a substantial share... more
AirportsUSA allocates 335 billion dollars for 80 airports
This plan is aimed to improve airport safety
Yesterday, on Thursday 24 September 2020, secretary of American Department of Transport, Elaine Lan Chao, formalized the allocation of 335 million dollars in favor of country's airports. These are... more
DefensePeru. New military transport planes could be Russian
They could replace Antonov An-32
It could be Russia to make military transport aircraft available to Peru that will in all probability replace aircraft currently supplied. The Fuerza Aérea del Perú, the South American country's a... more
AirportsIndia, Patna airport will handle 8 million passengers every year
Local aviation minister spoke about it on Twitter
Some time ago works began to expand the terminal at Jay Prakash Narayan airport in Patna, India. Asian Nation intends to make the airport's annual capacity even more important, reaching up to 8 million... more
AirlinesUK, Ryanair: "Passenger tax must be eliminated"
Accusations to London concern also Covid-19
In recent weeks, CEO of low-cost airline Ryanair, Michael O'Leary, was the protagonist of eloquent statements on the current transport situation. In the last few hours he gave an interview to "Sky... more
AirlinesAir Europa rescue could be among the largest in Spain
It would be a record for an Iberian carrier
The biggest ever, at least for what concerns Spain and a particular sector. Rescue of carrier Air Europa has been talked about for some time now (read also the article published by AVIONEWS) and the Spanish... more
AirportsAutogrill: results for the eight months ended 31 August 2020
Airport performance still depressed -ATTACHMENT
The Board of Directors of Autogrill SpA today reviewed and approved the consolidated revenue performance for the eight months ended 31 August 2020.The highlights are: Revenue: €1,414m (€3,190m for the... more
AirlinesSouthwest Airlines will be confident even without State aid
CEO Kelly does not want to reduce transport capacity
"Nothing to hide": the slogan of low-cost carrier Southwest Airlines is clear and even its CEO has decided to reveal his perspectives on the current moment of the company. Gary Kelly was interviewed in... more
DefenseDid Pentagon spend anti-covid funds on aircraft and weapons purchases?
According to an in-depth investigation, it is worth one billion dollars
Investigations are trademark of "Washington Post". The latest of those published by American newspaper may not have the scope of the reportage capable of unleashing the “Watergate”, but it is undoubtedly int... more
AirlinesAir France-KLM Group, joint strategy between France and the Netherlands
State aid guarantees a short survival
France and the Netherlands have a common thought at the moment with regard to air transport, the rescue of Air France-KLM Group. As reported by the managing director, Benjamin Smith, during an interview... more
AirlinesAeromexico will be able to reduce aircraft rental costs
American court authorized new agreement on planes and engines
Today, on Wednesday 23 September 2020, American bankruptcy court in New York gave the green light to the plan of carrier Aeromexico to reduce the costs of renting aircraft and engines. Mexican flag airline... more
AirlinesAir carriers. Kenya Airways needs 500 million dollars aid
The only way forward seems to be that of nationalization
"Explore the world": this sentence can be read on the website of Kenya Airways, flag carrier of African country, although before discovering every corner of the planet, the airline should put its accounts... more
Civil aviationAir transport crisis and risks for refineries
European plants are most in difficulty
Crisis triggered by coronavirus is profound in any economic sector, but air transport is more concerning. This situation can also have important implications at the oil level. As analyzed today, Tuesday... more
AirportsDifficulties of Berlin-Brandenburg airport one month before opening
Financial losses of German hub are worrying
Nine years of delay, a month to wait and an unknown number of economic losses. The situation of the Berlin-Brandenburg "Willy Brandt" airport is nothing short of paradoxical: its opening, after years of... more
AirlinesNew law from US senators to save carriers
There are a few days left for federal government aid to expire
Republican senators decided to present a bill to support American air transport yesterday, on Monday September 21, 2020. This text provides 28 billion dollars for the relaunch of the sector, money to be... more
AirlinesPlanes. Lufthansa ready to lay off 20% of executives
German carrier will further reduce the fleet
Nobody excluded: dismissals announced by carrier Lufthansa do not look anyone in the face and new measures to deal with crisis triggered by covid-19 testify that there is not a single employee who can... more
AirlinesUS carriers ask for 25 billion dollars
All managers confronted the White House
Yesterday's meeting, on Thursday September 17, 2020, at the White House between Chief of Cabinet Mark Meadows and representatives of the main American carriers ended with a predictable economic request.... more
AirlinesRyanair, one third of shareholders said no to O'Leary bonus
CEO of low-cost carrier collected 458,000 euros
This bonus doesn't have to be done. Like in Alessandro Manzoni romance "I promessi sposi", this phrase fits perfectly to describe what happened yesterday, Thursday 17 September 2020, during the vote... more
AirlinesIceland, Play against state funds guaranteed to Icelandair
These two carriers are now at loggerheads
"Everything works out": the motto used by Iceland to get out of the serious economic crisis of 2008 could also be used for an issue that is currently affecting the transport sector. Air carrier Play, which... more
AirlinesPlanes. No funding yet for South African Airways
There will be a crucial meeting of creditors tomorrow
A long-awaited meeting: the fate of carrier South African Airways could depend on the meeting organized for tomorrow, on Friday September 18, 2020. This is the meeting called urgently and which will involve... more
AirlinesJust two solutions for Air India: privatization or closure
Government also admitted the dangerous crossroads
Hardeep Singh, Indian civil aviation minister, was very clear in making yet another reference to the future of flag carrier Air India: this airline must be privatized, otherwise the only alternative will... more
Finance and economyUsa (2), Trump: "Willing to sell F-35 to Uae"
President talked about military aircraft and weapons
There are about two months to go until the US presidential elections and it is almost inevitable that the current "tenant" of the White House, Donald Trump, will be paid more attention than ever. During... more
AirlinesCanadian Government needs to consider safe options and reopen borders
Economic impact on the North American Country, according to IATA
The International Air Transport Association (IATA) urges the Canadian government to support the COVID-19 testing initiatives of Air Canada and WestJet as a means to safely reopen Canada to international... more
AirlinesPlanes and carriers, easyJet accuses EU governments on restrictions
CEO Lundgren lashed out against travel policies
Thrust and lunge: Johan Lundgren is not a fencer, but in last few hours he launched an attack worthy of this sport against European Union. CEO of low-cost airline easyJet took part in an on-line event... more
AirlinesDelta Airlines will use loyalty program for new funds
United and American also did the same
A guarantee that is used more and more frequently by carriers. Loyalty program will be used by Delta Airlines to support a $ 6.5 billion loan, a capital raising that became necessary due to the increasingly... more
AerospaceAvio: first half 2020 results
Vega returned to flight - ATTACHMENT
The Board of Directors of Avio SpA, aerospace company listed on the STAR segment of the Italian Stock Exchange, reviewed and approved yesterday the HY 2020 results.HighlightsMaintained continuity of operations... more
AirlinesAir France, Paris: "We will ensure carrier survival"
French Minister of Economy spoke
“We will make whatever is necessary”: Bruno Le Maire, French Minister of Economy, assured in recent hours that everything possible will be done to ensure survival of Air France. Owner of the transalpine dic... more