Finance and economy
1,978 news found
DefenseUkraine war: Kiev negotiates armaments
Government called for press silence on details of supplies
The political and military authorities of Ukraine have let it be known in these hours that they are negotiating with Western partners on sending armaments. The aim is to enhance the defense capability... more
DefenseUkraine war: Kiev thanks Turkish drones
Decisive armament to block soldiers and vehicles of the Russian army
BT2 armed drones developed by the Turkish company Bayraktar and purchased by Ukraine have turned into a decisive weapon for the Kiev army, which has inflicted huge losses on the Moscow military. Thanks... more
AirlinesAirbus bets on Australian hydrogen
Agreement to secure first aircraft by 2035
European aircraft manufacturer Airbus signed a memorandum of understanding with Australian mining company Fortescue Metals, whose services it intends to use to reduce Co2 emissions in the air transport... more
AirlinesCarriers struggling with high oil prices
Increases of 50% in Northwest Europe from February 25th to date
The price of oil has risen to its highest level since 2008 following the Russian invasion of Ukraine. The increase had already been underway for several months due to low global crude oil supplies. The... more
Civil aviationBoeing will double MAX aircraft produced by 2023
Indiscretions say 47 units per month compared to 27 today
US manufacturer Boeing is reportedly about to give the green light to an increase in the production rate of narrow-body 737 Max aircraft. This is an indiscretion that has already filtered through previously:... more
Civil aviationBoeing to support humanitarian response in Ukraine
And it commits USD 2 million with a package
Boeing announced a USD 2 million emergency assistance package to support humanitarian response efforts in Ukraine. The assistance package will be directed to organizations working to bring food, water,... more
Civil aviationKiev informa: 38 Countries have closed airspace to Russia
And on the macro-financial assistance side, Ukraine will receive € 1.2bn from the EU
The Ukrainian Foreign Ministry reports it today on its website: 38 countries (including the USA and Montenegro) have banned their airspace to flights by Russian aircraft, in response to the large-scale... more
AirlinesLufthansa will not return to profit in 2022
Spohr (CEO): "Partnership with ITA is our strategic goal"
The Board of Directors of the German air carrier Lufthansa, contrary to earlier wishes, is not certain that the airline will return to profit in 2022. The company's top management is certain that passenger... more
AirlinesStop supplies Boeing-Airbus to Russian air carriers
Decision follows economic sanctions against Moscow
Two of the world's largest manufacturers in the aviation industry, the US Boeing and the European Airbus, have stopped the supply of components for their aircraft in the fleets of Russian companies. This... more
AirlinesAircraft and transport. Ukraine conflict: four effects on the sector
From chaos in EU skies to higher ticket and fuel prices
The conflict between Russia and Ukraine have a major impact on the passenger, cargo and charter airline industry. It's not just because Canada, the European Union and the United States have closed airspace... more
AirlinesQatar Airways on A-350 aircraft
The carrier replies to the Airbus industry
Qatar Airways communicated in a press release that "Welcomes the decision of the High Court on Friday 18 February 2022 which issued an injunction against Airbus. The essence of the order is that Airbus... more
AirlinesAircraft. Airbus asks compensation to Qatar Airways
A 220 million dollars fine for refusing delivery of two A-350 airplanes
European aircraft manufacturer Airbus asked British courts to impose a 220 million dollars fine, yesterday, on airline Qatar Airways for refusing to take delivery of two A-350 aircraft. In turn, the Arab... more
AerospaceLaura Holmes at AVIONEWS: past and future of Collins Aerospace
Exclusive interview with the new Italian office CEO -VIDEO
AVIONEWS visited the Italian headquarters of Collins Aerospace, in Turin. It's in the middle of this city that the Italian branch district of the North Carolina company was founded in 1929. A strong and... more
Finance and economyAVIONEWS interviews Marcello Minenna, general manager of Adm
Adm and Eppo signed an important contract -VIDEO
The agreement between ADM and Eppo is an important contract, which adds even more value to the national and international investigative action. It was signed by the general manager of Adm, Marcello Minenna,... more
AirlinesITA Airways launches new service
It represents a step forward in its commercial strategy
ITA Airways launches Flight Pass, a new service dedicated to its customers and featuring a personalised package of prepaid vouchers for the purchase of airline tickets in Economy, Superior and Business... more
AirlinesAir France reduces losses in 2021
It announced 4.5 billion capital increase to give back pandemic aid
The French airline Group Air France-Klm has announced its results for the fourth quarter of 2021 and for the whole year: in the latest quarterly report it recorded a net loss of 127 million Euros, much... more
AirlinesSingapore Airlines purchases engines from GE
Agreement for 22 ones worth 2.8 billion dollars
The Asian carrier Singapore Airlines ordered 22 aircraft engines model GE9X in recent days, developed by the US company GE Aviation, a division of the General Electric Group, which will be used to power... more
AirlinesThailand bets on Paris for its helicopter engines
12 Arrius and 24 Makila ones purchased for Airbus
The helicopter fleet of Thailand's Royal Thai Air Force (RTAF) will be equipped with new engines and maintained thanks to an agreement signed between Safran Helicopter Engines and Thai Aviation Industries... more
DefenseArquus military vehicles back on track
In 2022 it looks at the tender tender to replace 9000 French army vehicles
After the sufficient results recorded in 2021, the French company Arquus, specializing in the development and production of military vehicles and controlled by Renault Trucks, has set itself a new ambitious... more
Civil aviationAirplanes-helicopters. Airbus: FY2021 results
611 commercial aircraft delivered - ATTACHMENT
Airbus reported consolidated Full-Year (FY) 2021 financial results and provided guidance for 2022. The data:611 commercial aircraft delivered in 2021Financials reflect strong operational performance group-wideRevenues... more
Defense4 CH-53K military helicopters to Israel
King Stallions will be equipped with Tel Aviv-made defense systems
US aerospace and defense specialist Lockheed Martin Group officially announced in recent days that it will produce four Sikorsky CH-53K King Stallion heavy helicopters for Israel. The aircraft are expected... more
Civil aviation"Singapore Airshow": Chinese Comac aircraft on display
Market prospects for the regional ARJ-21 and the long-awaited C-919
At the "Singapore Airshow," the aviation show held in February 15th-18th 2022, aircraft built by the Commercial Aviation Corporation of China (Comac) are on display. These include the ARJ-21 regional aircraft... more
Finance and economyNew engines for Defiant military helicopter
Lockheed-Honeywell agreement on turboshaft thrusters
US engine and avionics systems company Honeywell Aerospace has been selected as the supplier of new engines for the Defiant military helicopters, the aircraft jointly developed by Lockheed Martin and Boeing... more
CargoA tech parachute for deliveries
Russian State-owned company patents cargo system
Russian State-owned technology company Rostec recently received a patent for its new cargo-cargo parachute. It is a system capable of delivering products and items in a fully automated mode. It does this... more
DefenseFrance: H-160 navy helicopter test started
It will be used in search and rescue missions
The French Navy has kicked off flight tests on the first H-160 aircraft developed by Airbus Helicopters for the Armed Force. The tests will take place at the European manufacturer's headquarters in southern... more
Civil aviationBangladesh NGO purchases two Bell 505 helicopters
The organization will use them for medical rescue and patient transfer between hospitals
The Ad-din Foundation, a private non-profit organization serving the underprivileged in Bangladesh, has purchased two Bell 505 helicopters manufactured by US-based Bell Textron. The rotary-wing vehicles... more
AirportsAutogrill: preliminary figures as of 31 December 2021
The results of last year improved compared to guidance -ATTACHMENT
The Board of Directors of Autogrill SpA today reviewed and approved the preliminary consolidated revenue performance for the twelve months ended 31 December 2021. Preliminary figures as of 31 December... more
Civil aviationOmni Helicopters leases 11 S-92A helicopters
Brazilian operator will deploy them on missions in Latin America and Africa
Brazilian operator Omni Helicopters has signed an agreement to lease 11 helicopters from Dublin, Ireland-based leasing company Milestone Aviation. The contract calls for the supply of both AgustaWestland... more
DefenseUS armament manufacturers hit by inflation
Price increases of up to 7.5 percent on estimates of 2.2 percent make deals difficult
Rising labor costs and fuel expenditures are having a major economic impact on the US arms industry. Many companies, as well as large Groups, are struggling to sign new contracts with the US Department... more
Fair and showsBoeing: $2 Billion in E-Commerce sales
Record on-line orders reflect continued recovery from COVID-19 impacts
Boeing achieved an annual record for e-commerce parts sales last year with more than $2 billion in online orders. Fueled by investment in digital tools, Boeing Distribution Inc. (formerly Aviall) sold... more