Finance and economy
1,978 news found
AirlinesUSA: FBI bounty on laser attacks on planes
Federal police offer 10,000 dollars for info on Seattle airport incidents
The office of the Federal Bureau of Investigation (FBI) in Seattle has announced that it will offer a reward of 10,000 dollars for information leading to the arrest of persons responsible for pointing... more
AirlinesWhy British Airways ticket prices go up and down
Cancellations and inconveniences: air carrier makes up for ticket costs, then backs down
After the numerous cancellations and delays of air connections, there has been a sharp increase in ticket prices for the U.K. national airline British Airways. This decision comes after the inconveniences... more
Civil aviationRussia: aircraft rental will be paid in rubles
The Kremlin's decision for leasing companies based in "unfriendly" countries
Russian President Vladimir Putin has recently signed a decree-law to regulate the fulfilment of financial obligations of Russian companies operating in the transport sector, including the aviation sector.... more
Civil aviationAirline tickets: high fuel prices rise
Some companies increase fares, others wait for answers from the market
The rise in fuel prices, despite increased demand for travel on the part of passengers, is threatening the recovery of the air transport sector. For this reason, the heads of the main airlines are considering... more
AirlinesUnited Airlines focuses on biofuels
Company is investing 5 million dollars in research start-ups
US air carrier United Airlines announced yesterday an initial 5 million dollar investment in a technology start-up specializing in applied environmental research. The airline's goal is to screen and test... more
AirlinesUnited States protects slots for international flights
Government extends economic aid to air carriers by allowing cutting of routes
The US Federal Aviation Administration (FAA) has extended to the 2022 summer season the temporary exemption on the minimum requirements to be able to operate international flights at US airports. Under... more
DefenseUnited States: Biden proposes increases to defense budget
An 813.3 billion dollars plan is now under consideration by Congress
The White House unveiled in recent hours its new defense investment plan for fiscal year 2023. Specifically, US President Joe Biden has proposed spending of 813.3 billion dollars. A figure that marks... more
AerospaceMan on Mars by 2040
Washington asks for 1.93 billion dollars to fund space programs
The White House has requested the US Congress to allocate a budget of 26 billion dollars in 2023 for the National Aeronautics and Space Administration (Nasa). Of that 1.93 billion dollars would be used... more
AirlinesMoody's: demand for air transport remains strong
Fears of conflict widening or interruption of oil and gas exports
The US company Moody's, which specializes in financial research and analysis, has announced that the outlook for the global air transport sector remains positive. Indeed, despite the Russian-Ukrainian... more
AirlinesNew software optimizes fuel consumption and air traffic
Over three million gallons of fuel saved by carriers in four years at one airport
More than 1 million gallons of fuel have been saved by air carriers in four years of testing at a US airport, thanks to software that reduces airport congestion during busy periods. That's according to... more
AirlinesMoody's: the environmentalism of air transport
Air carriers ability to reduce their CO2 emissions is limited
The US company Moody's, which specializes in financial research and analysis, has stated that the ability of airlines to reduce their harmful CO2 emissions is very limited. This situation is due to two... more
AirlinesIreland helps carrier Aer Lingus
Another injection of public money equal to 200 million Euros
The Irish Government has provided an injection of public funds amounting to 200 million Euros via the Irish Strategic Investment Fund (ISIF) to help the national flag carrier Aer Lingus, a company controlled... more
Finance and economyFincantieri: BoD approves 2021 consolidated financial statements and draft financial of the parent company
Results, operations, strategic initiative, sustainability -ATTACHMENT
The Board of Directors of Fincantieri SpA, chaired by Giampiero Massolo, has approved the draft financial statements of the parent company at December 31, 2021, the Consolidated financial statements at... more
AerospaceA solar sail for space transportation
A French company raises two million Euros. First launch in October
French start-up Gama has announced that it has raised 2 million dollars from investors who believed in its project to develop a solar sail that will be used in future space exploration and interplanetary... more
Finance and economyGES sold for USD 450 million
Closing for the 2H2022 and is subject to approvals
Leonardo announced today its US subsidiary Leonardo DRS has signed a definitive agreement to sell its Global Enterprise Solutions business (GES) to SES for $ 450 million, gross of taxes, subject to customary... more
AerospaceSpaceX will take OneWeb satellites into orbit
Agreement signed today after suspended collaboration with Russian Soyuz due to war
After the decision to suspend the entrusting of launch services of OneWeb satellites to the Russian company Soyuz, today the space company based in Great Britain has signed a new collaboration agreement... more
Civil aviationRussian luxury aircraft under Western sanctions
From Moscow aircrafts for sale, western manufacturers and maintainers scrutinize market
Private and luxury aircrafts attributable to Russian owners are under the under investigation worldwide. The reason is to be found in the economic sanctions imposed by Western governments against the Kremlin,... more
AirportsChina: an airport cluster in Chengdu-Chongqing
Civil Aviation Administration of China announces it to strengthen economic district
Civil Aviation Administration of China (CAAC) has announced that it will accelerate the process for the realization of an international airport cluster in the economic district of Chengdu-Chongqing, where... more
AerospaceHigh inflation impacts SpaceX
Musk: "Better to own physical things in these cases, but I'm not selling my cryptocurrencies"
US entrepreneur Elon Musk has let investors know that two companies he founded, space company SpaceX and electric vehicle specialist Tesla, are facing high inflationary pressure, however he has no plans... more
AerospaceAvio: 2021 results in line with its guidance
Backlog improved, stable cash position -ATTACHMENT
The Board of Directors of Avio SpA yesterday reviewed and approved the company and group financial statements of Avio SpA as of December 31, 2021. HighlightsSuccessful return to flight for Vega: 3 missions... more
Civil aviationUkraine conflict: Israel regulates migration of Russian oligarchs
Maximum 48-hour limit for stopovers of aircraft arriving from Moscow
Israel's government will prevent Russian oligarchs holding dual passports from travelling to the Middle Eastern country to save themselves from economic sanctions. Following the Kremlin-led Army's invasion... more
DefenseRussia-Ukraine: Kiev formalizes economic aid
Martial law: Zelensky increases security and defense fund by 1.57 billion euros
Fifteen days after the start of the armed conflict between Russia and Ukraine, a rift has been created in Europe with Western countries providing armaments, humanitarian aid and economic support to Kiev,... more
AerospaceLeonardo BoD examined and approved the draft of Group results 2021
And guidance 2022-ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements at 31... more
Finance and economyPhilippines will buy Russian military helicopters
Despite condemnation of invasion in Ukraine, confirmed buyout
The Philippines will finalize the purchase agreement for 17 Russian-made Mil Mi-17 military transport helicopters. An arrangement signed and partially paid for prior to the invasion in Ukraine. The contract... more
AirlinesAirbus increases production of H-160 helicopters
Enhanced and digitized assembly line to create 35 units per year
European manufacturer Airbus Helicopters said that it will boost its production capacity for twin-engine H-160 helicopters. After seven years of development 2021 was a turning point, with 52 aircraft ordered... more
AirlinesITA Airways: interest from Delta Airlines and Air France-Klm
Joint expression of interest on the Mise table, then opening of the data room
The US air carrier Delta Airlines and the French-Dutch Air France-Klm have formalized a joint expression of interest to acquire the majority of the flag carrier ITA Airways, thanks to the support of an... more
AirlinesRussia promises help to domestic air carriers
The announcement just days after Boeing and Airbus suspended services
The Russian government will help domestic air carriers so that they can keep their foreign aircraft fleets operational. The initiative comes just days after the announcement of the suspension of services,... more
Finance and economyU.S. big tech bets on cybersecurity
A 4.9 billion dollars investment in cloud-based data security
U.S. technology company Google made it known yesterday that it has acquired the company Mandiant, which specializes in cybersecurity services and real-time cyber threat monitoring. The total value of the... more
DefenseTiger Mark 3 military helicopter unites Europe
Even (Airbus): "Emblematic instrument of cooperation for a strong common defense"
The technological-military program of the Tiger Mark 3 war helicopter, developed by the European manufacturer Airbus Helicopters, is of unparalleled political, industrial and operational importance for... more
Civil aviationU.S. hospitals order 10 helicopters
Pennsylvania medical consortium buys Airbus H-135 for medical transport
The U.S.-based Stat Medevac Center for Emergency Medicine in Pittsburgh, USA, has committed to order 10 new H-135 helicopters made by European manufacturer Airbus Helicopters. It is an order that is part... more