Finance and economy
1,739 news found
Civil aviationIATA’s Chief Economist to retire
From next July
The International Air Transport Association (IATA) announced that its Chief Economist, Brian Pearce, will retire from the organization in July 2021. A recruitment process has been launched to find a successor... more
Civil aviationEmbraer on subsidies in the aeronautic sector
The industry welcomed the decision by the Brazilian Government to launch negotiations
Embraer welcomed the Brazilian Government’s decisions to withdraw its ongoing World Trade Organization (WTO) dispute with Canada regarding aeronautical subsidies and to launch negotiations on more effective d... more
AerospaceAirplanes and helicopters. Airbus reports 2020 results
566 commercial aircraft delivered in adverse market environment - ATTACHMENT
Airbus reports Full-Year (FY) 2020 results.The highlights: 566 commercial aircraft delivered in adverse market environment Financials reflect the early business adaptation and cash containment planFY r... more
AirportsGermany ready to guarantee 900 million for airports
Losses of the German hub are three times higher
Almost one billion euros: Germany is ready to inject new liquidity for the rescue of local airports, an important figure that could guarantee the restart of air transport after the worrying paralysis caused... more
Finance and economyThe new logistics giant ready for Europe is born in Asia
Kerry Logistics sells 51.5% of the capital to Sf Holding for two billion dollars
In China, the pawns are moving on the chessboard of logistics. In fact, a major acquisition is underway in logistics and express transport which may also have consequences in the rest of the world. On... more
AirlinesRyanair, O'Leary optimistic about May flights
CEO of the air carrier is hoping for a quick recovery
If there is one characteristic that distinguishes Michael O'Leary, CEO of the low-cost airline Ryanair, it is undoubtedly loquacity. The CEO of the Irish company has been giving repeated interviews... more
Civil aviationEuropean Parliament gives go-ahead to Recovery and Resilience Facility
€ 672.5 bn in grants and loans to curb the effects of the pandemic
On Wednesday, European Parliament approved the Recovery and Resilience Facility, designed to help EU countries tackle the effects of the COVID-19 pandemic.The regulation on the objectives, financing and... more
AirlinesAir France could give up on Orly airport
EU is considering the recapitalization of the carrier
Paris is worth a mass, but perhaps not an airport: the famous saying coined by Henry of Navarre could be useful to describe what is happening to the carrier Air France, struggling with great economic difficulties... more
AirlinesAirplanes. Iberia-Air Europa agreement could be formalized in the Summer
Still some obstacles for both carriers
A few more months and the agreement for the acquisition of the carrier Air Europa by Iberia will be finalized. Spanish air transport was characterized by a very intense start to the year from the point... more
Finance and economyLeonardo: effectively managing COVID-19; BoD completed an initial review of performance
Continued robust response to pandemic
Leonardo's Board of Directors (BoD) completed an initial review of FY 2020 expected performance. The review showed that the Group has performed well in the fourth quarter, delivering on its expectations.The... more
AirportsEuropean airports urge revision of "wholly inadequate” State aid rules
As new forecast shows airports and tourism in systemic collapse
European airports and tourism organisations have made an urgent appeal for changes to the EU’s COVID-19 State aid framework, arguing that without it these collapsing industries will suffer irreversible d... more
AirlinesCarriers and planes. Delta Air Lines: December quarter financial results
And Full Year 2020
Delta Air Lines yesterday reported financial results for the December quarter and full year 2020. December Quarter Financial Results Adjusted pre-tax loss of $2.1 billion excludes nearly $1 billion of i... more
AirlinesUS DoT authorizes American Airlines-JetBlue agreement
Both carriers will sell various pairs of slots
A much-awaited green light that arrived in the last few hours: there are no longer any obstacles to the industrial and strategic alliance involving the carriers American Airlines and JetBlue Airways, given... more
AerospaceEIF announces investment to promote innovations into the space sector
For EUR 300 million
The European Investment Fund (EIF) is partnering with the European Commission, to announce €300 million of investments into the EU space sector, supporting ground-breaking innovation in the industry.During t... more
AirlinesAlitalia-Ita, Brussels confirms discussions with Italian authorities
About 100 knots to untie on the air carrier
According to Oscar Wilde, believing is monotonous, while doubt is much more exciting. The European Commission could also have reasoned in this way, which has more than one perplexity about the industrial... more
Civil aviationB-737 MAX aircraft. Boeing reaches agreement with Department of Justice
It will pay a penalty and provide additional compensation to the families of those lost in two accidents
Boeing announced yesterday that it has entered into an agreement with the US Department of Justice (DOJ), which resolves the Department’s investigation into the Company relating to the evaluation of t... more
Finance and economyLeonardo: financial calendar 2021
Th events planned in March, May, July and November
Leonardo informs that the annual calendar of corporate events for the year 2021 is as follows:Tuesday 9 March, Board of Directors: Draft Annual Report for 2020;Thursday 6 May, Board of Directors: results... more
AirlinesAir carriers: easyJet sells tickets until 2022
The goal is to increase liquidity
Yesterday, Tuesday December 15, 2020, the low-cost air carrier easyJet decided to put its entire travel plan on sale until March 2022. It had never happened before, particularly the company had never done... more
DefenseLeonardo: financing in order to fund investments in technological development
For EUR 200 million from the EIB
The loan will be focused in four main areas more
Civil aviationH55 has secured funding from existing and new investors
To complete the certification of its electric propulsion system
H55 has secured CHF 20 million from existing and new investors, as well as through the grant received by the Canton of Valais. This funding, led by Silicon Valley based firms, +ND Capital and Tippet Venture... more
Civil aviationEmbraer: new 10-year market outlook identifies trends influencing the industry
The global pandemic is causing fundamental changes
Embraer’s newly published 2020 Commercial Market Outlook examines passenger demand for air travel and new aircraft deliveries over the next 10 years with special emphasis on Embraer’s product segment - a... more
AirlinesTap Air crisis between layoffs and planes to sell
The carrier will send 3600 employees home
Unfortunately, the coronavirus does not forgive: it does not with people, as we have been realizing for many months, and not even with companies. In the field of air transport, the carrier Tap Air Portugal... more
AirlinesA new capital increase is expected for All Nippon Airways
Carrier's balance sheets are not reassuring
Capital increase is the solution that the Japanese air carrier All Nippon Airways believes most useful in addressing the current crisis triggered by the coronavirus pandemic. It is not even the first ever... more
AirlinesAir carriers. Qantas will lay off another two thousand employees
These are the workers in the handling sector
Not just vaccines: Australian carrier Qantas has made headlines in the last few hours for the decision to allow only passengers who will prove to have vaccinated against Covid-19 to board the aircraft,... more
AirlinesAir Canada closer to bankruptcy?
The losses are constant for the carrier
Going far: slogan chosen with pride to make it clear how far-sighted its commercial policy was did not bring much luck to the airline Air Canada. According to what was leaked in recent hours, the North... more
AirlinesAlitalia, Brussels close to decision on State aid
EU Commissioner Vestager spoke about it
Dossier relating to the carrier Alitalia-Ita (Italy air transport) is getting closer: the date of December 11st is practically around the corner as regards the industrial plan and in the In the last few... more
Finance and economyNordic Unmanned: private placement to become publicly listed drone operator in Europe
Among its customers there are EMSA, Norwegian Armed Forces and UK MoD -VIDEO
Nordic Unmanned, an European provider of drone systems and services, is contemplating a private placement and listing on Euronext Growth Oslo in order to finance expected strong growth and international... more
AirportsAirports in Norway: 3Q strongly affected by the pandemic
There will be a need for capital injections beyond what has already been implemented
Avinor's result and solvency will be strongly negatively affected by the corona pandemic in 2020, and there will be a need for capital injections beyond what has already been implemented. The company... more
Finance and economyFincantieri awarded with financial communication prize "Oscar di bilancio"
The award is assigned annually; event was livestreamed
Fincantieri was awarded the 2020 “Oscar di Bilancio” financial communication award, the long-standing prize promoted and organized by Ferpi (Italian Federation of Public Relations), which, for over fif... more
AirportsConstruction of a new Daxing airport area approved
The Beijing airport was inaugurated just over a year ago
After more than a month, it's time to talk about the Beijing-Daxing International Airport (read also the article published by AVIONEWS). After the choice of this airport of Asian country by an important... more