Finance and economy
1,898 news found

AirportsFrankfurt Airport achieves cargo growth in February
It still impacted by major passenger decline
In February 2021, Frankfurt Airport (FRA) served 681,845 passengers –a decline of 84.4 percent compared to the same month last year. FRA’s accumulated passenger traffic for the first two months of the... more

Finance and economyLeonardo BoD approved results at 31 December 2020
The highlights -ATTACHMENT
Leonardo's Board of Directors, convened last Tuesday under the Chairmanship of Luciano Carta, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements... more

Civil aviationChina, decline in air connections during lunar new year
Citizens preferred railways and waterways
A start of year that has passed subdued in connection to the number of trips, especially those with airplanes. The Chinese Lunar New Year has just ended and the movements of those who reside in the former... more

AirlinesLufthansa Cargo: results in the 2020 financial year
New B-777F aircraft announced for its fleet in Frankfurt
Lufthansa Cargo achieved the best result in its 26-year history in the 2020 financial year. Revenue rose by 11 percent to 2.76 billion euros, while adjusted EBIT amounted to 772 million euros (previous... more

Finance and economyLeonardo: the first Integrated Report, based on four pillars, is to be approved
During the BoD of next week
Leonardo is preparing its first Integrated Report, with the aim of offering in a single document, a complete, measurable, and transparent view of the value generated by the Company. It will also confirm... more

Finance and economyFincantieri: BoD approves 2020 consolidated financial statements and draft financial statements
2021 marks resumption of growth en route already with 4Q2020 results; convening of shareholders' meeting -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, 2020 and the Consolidated financial statements... more

AirportsFirst loss in almost ten years for Spanish airports
Aena's troubling data about 2020
Aena, company that manages air navigation in Spain and the Western Sahara, reported more than significant losses during 2020 due to the coronavirus pandemic and the consequent transport crisis. Aeropuertos... more

AirportsUkraine ready to build or rebuild airports in 16 cities
President Zelensky's ambitious program
An ambitious plan: Ukraine intends to rebuild and build a series of airports in 16 cities of its territory, a program that should be extended for the next two years. Why does the Nation of Eastern Europe... more

AerospaceEU industry. Commission takes action to improve synergies
Between civil, defence and space sectors -ATTACHMENT
The Commission presented yesterday an Action Plan on Synergies between civil, defence and space industries to further enhance Europe's technological edge and support its industrial base. The Action... more

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