Finance and economy
1,987 news found
Finance and economySpain finances development of drones and military helicopters
Madrid invest 2.14 billion euros to stimulate production in the Iberian Airbus factories
The Spanish government will lend 2.14 billion euros to the European aircraft manufacturer Airbus to stimulate the production of military drones and helicopters in Iberian plants. This was announced in... more
DefensePentagon chooses Bell-Textron helicopters
Future Long Range Assault Aircraft development program outcome
The US Department of Defense signed a contract for the supply of new generation military helicoptersIn the past few hours, which will be supplied by the Bell-Textron company. The aircraft will replace... more
AirlinesITA Airways: the Lazzerini-Altavilla clash
Exclusive by the newspaper "La Stampa" reveal internal turmoil
There is no peace for the national air carrier ITA Airways. As soon as the political controversies on the privatization negotiations, which are currently stalled, have lowered to acceptable levels, the... more
AirlinesITA Airways: the crux of Lufthansa's interest
Possible face-to-face between the Italian government and airline management in the coming days
The stalemate over the privatization procedure of the national carrier ITA Airways could soon end. The negotiation between the Ministry of Economy and Finance (MEF) and the German airline group Lufthansa... more
AirlinesITA Airways: no concrete offer
The strategic node: interested parties could move traffic to European airports
The privatization of the national air carrier ITA Airways is in a stalemate. This situation is explained by some industry experts, who have turned the spotlight on the fact that subjects based abroad interested... more
AirlinesITA Airways (2): the Lufthansa recovery plan
Intercontinental routes, freight transport to Asia, new synergies in Europe
The executives of the German aviation group Lufthansa are in Rome for a series of meetings with the managers of the ITA Airways airline and with government representatives. Among the topics on the agenda... more
AirlinesITA Airways: the council of ministers accelerates
Over the months, the airline's value will decrease and the government wants to hurry
The Meloni Government wants to complete the privatization procedure of the air carrier ITA Airways as soon as possible, which is about to close 2022 with a loss of almost 466 million euros (Ebitda). In... more
AerospaceRecord budget for Italy at ESA Ministerial Council
More than EUR 700m of new contracts expected from 2023; AVIO programs confirmed
The industry will outline in a conference call with the investors scheduled for Friday, December 2, 2022 at 11 AM, the implications of the ESA Ministerial Conference on its future activities. more
AirlinesAircraft. ITA Airways: Lufthansa executives in Rome
Two days of meetings to define privatisation
The top management of the German aviation group Lufthansa will be in Italy between today and tomorrow for a meeting with the managers of the air carrier ITA Airways. Some Expert Sessions would in fact... more
AirlinesITA Airways: possible interest by the FS Group
The Government is probing concern of other Italian companies
An Italian investor would be interested in taking part to the privatization procedure of the national airline ITA Airways. It would be the Ferrovie dello Stato Group (FS). The Meloni Government is reportedly... more
AirlinesITA Airways is looking for an Italian businessman
Government oriented to sell it to the Lufthansa Group supported by a national investor
The Ministry of Economy and Finance (MEF) is looking for a private Italian investor to proceed with the privatization of the national airline ITA Airways. This is a functional assessment for the creation... more
AirlinesITA Airways: MSC formalizes a turnaround
The Italian Government remains two interested parties: the Certares fund and the Lufthansa group
The multinational cargo and passenger transport company Mediterranean Shipping Company (MSC) has officially communicated that it is out of the game for the privatization of the national air carrier ITA... more
DefenseEurope relaunches joint purchase of arms
EDA: "Defense planning continues to be done mostly in isolation"
The European Defense Agency (EDA) has announced that the member countries of the EU will increase the military budget by 70 billion euros by 2025 (it was 214 in 2021). However, some critical points have... more
Finance and economyThe G20 in Indonesia is underway
The summit (November 15-16) talks about the Ukrainian war, financial instability, world hunger
The G20 in Bali (November 15-16), in Indonesia, kicks off today. Present the political leaders of the most industrialized countries in the world. In fact, the Russian president, Vladimir Putin, is missing,... more
AirlinesITA Airways sale at risk
The two consortiums involved take advantage of the stalled privatization
The privatization of the Italian air carrier ITA Airways proceeds slowly after the Government led by the new President of the Council of Ministers, Giorgia Meloni, has interrupted the exclusive negotiation... more
AirlinesITA Airways (2): the Government does not want to get burned
The MSC-Lufthansa and Certares consortiums look closely at the economic and political scenario
The Ministry of Economy and Finance (Mef) has given the green light to the disbursement of aid for 400 million euros to be allocated to the air carrier ITA Airways, whose coffers are now short of liquidity.... more
AirlinesITA Airways: Meloni Government concerns
400 million aid approved; CEO Fabio Lazzerini's going to meet Unions on November 16
The negotiation for the privatization of the Italian airline ITA Airways has stalled and the process is further slowed down by the "perplexity" of the new center-right government, led by the new president... more
AirlinesITA Airways: capital increase of 400 million
Towards a reduction of the BoD, ordinary management in the hands of CEO Lazzerini
The shareholders' meeting of the Italian airline ITA Airways took two important decisions yesterday. The first is that the number of board members will be reduced. Secondly, the Ministry of Economy and... more
AirlinesITA Airways: Altavilla resigns as President
Decision arrived on the eve of the board meeting
The Executive President of the air carrier ITA Airways, Alfredo Altavilla, decided to step aside in the past few hours, in a "conditional" way, before the board of directors' meeting. The airline manager... more
AirlinesITA Airways: 400 million from the Government
Executive chairman Alfredo Altavilla will soon be removed
The Italian Government is ready to disburse 400 million euros that will go to replenish the coffers of the Italian airline ITA Airways. This is a capital increase, already authorized by the European Commission.... more
AirlinesRyanair reports half-year results
73 B-737/8-200 “Gamechangers” delivered for S.22
Ryanair Holdings today (7 Nov.) reported a half-year results.During H1:Summer traffic recovered strongly to 95.1m from 39.1m (+11% over pre-Covid 85.7m in FY20). H1 fares up 7% on pre-Covid levels (Q2:... more
AirlinesITA Airways: Mef asks for a reduction of the BoD members
Letter sent to management also asking for the removal of president Alfredo Altavilla
The Ministry of Economy and Finance (Mef) has sent a letter to the management of the Italian airline ITA Airways. In the letter he asks the current executive president Alfredo Altavilla to update the agenda... more
AirlinesITA Airways. Mef re-evaluates Certares offer
Exclusive negotiation with an American consortium has raised a fuss within the company
With the end of the exclusive negotiation obligations, which took place on 31 October, the Italian Ministry of Economy and Finance (Mef) studies the dossier and the unknowns on the privatization plan presented... more
Civil aviationITA Airways: Altavilla sues
Accusations against 7 board members filed with the Court of Rome
ITA Airways executive chairman Alfredo Altavilla sues 7 board members of the Italian flag carrier. These are six board members appointed by the Ministry of Economy and Finance (Mef) and the CEO Fabio... more
Civil aviationAirplanes and helicopters. Airbus reports 9M 2022 results
437 commercial aircraft delivered -ATTACHMENT
Airbus reported consolidated today financial results for the nine months ended 30 September 2022. The highlights are: 437 commercial aircraft delivered in 9m 2022Revenues € 38.1 billion; EBIT Adjusted € 3.5... more
AirlinesIAG: nine months results announcement
It achieves a significant step up in profitability
International Consolidated Airlines Group (IAG) presented yesterday Group consolidated results for the nine months to September 30, 2022.It achieves a significant step up in profitability for all its airlines... more
DefenseAustralia orders 12 upgraded Seahawk helicopters
Value 49.6 million dollars; first delivery expected in 2025
The Royal Australian Navy has ordered the US aircraft manufacturer Sikorsky, controlled by the American group Lockheed Martin, 12 modernized MH-60R Seahawk helicopters. The agreement provides for the conversion... more
Finance and economyUkrainian war: European aid plan
World Bank estimates around 350 billion euros in damages in eight months of war
The World Bank has released an estimate of the damage caused by the Russian armed forces in Ukraine, which amounts to about 350 billion euros in eight months of war against Moscow. For this reason, yesterday... more
AirlinesHow air traffic control is evolving
About 50 years after the adoption of radar and radio technology, the service is increasingly automated
The Air Traffic Control service today is increasingly automated and has thousands of operators. But it all started over 100 years ago with a man and a flag guiding the pilots of the planes during take-off... more
AirlinesITA Airways: BoD revokes Altavilla's powers
Now the Italian Executive President could engage a legal battle
The Board of Directors of the air carrier ITA Airways voted by a majority in favor of the cancellation of the operational powers of the executive president Alfredo Altavilla. These are transferred to the... more