Finance and economy
1,872 news found
AirlinesAircraft and airlines. Swiss launches recruitment drive
Reversal of company policy in view of the Summer
In view of the increased supply and demand for flights expected in the hot season, Swiss Air Lines has reversed its personnel strategy. No more short-time work and a green light for re-hiring and recruitment,... more
AirlinesNew York airport resurrects
Almost abandoned the Stewart offers ultra low-cost flights to Europe
New York-Stewart International Airport had been nearly abandoned after ultra low-cost European airline Norwegian Air left the airport in Summer 2019, after just two years of service, because of the grounding... more
AirlinesTata Group takes back control of Air India
Government pays back 8.2 billion dollars in losses, privatization after 70 years
After almost 70 years of State ownership, the national carrier Air India (and low-cost subsidiary Air India Express) is back under the control of the Indian conglomerate Tata. The privatization agreement,... more
AirlinesUK: possible changes to compensation for delays
The executive evaluates new reimbursement system for inefficiencies on domestic flights
The Department of Transport of the United Kingdom stated it is considering changes to the system of economic compensation for delays in scheduled commercial flights in recent days. This action is aimed... more
AirlinesAircraft ticket prices rise in Germany
Omicron variant slows sector recovery and increases costs
Air travel in Germany has become much more expensive during the crisis. In 2021, intra-European connections cost around 22% more than in 2019, prices for intercontinental routes increased by 3%, and travel... more
AerospaceChina's focusing on space
Details of next five-year expansion plan outlined
The Chinese government has recently unveiled details of its five-year space expansion plan. Beijing said it will aim to strengthen its presence in the cosmos to better protect its assets in orbit and its... more
Civil aviationSAF's biofuel production go slowly
French Study: industry waits for governments to create demand by setting targets
Sustainable Aviation Fuel (SAF) is the most important tool in the aviation industry's efforts to reduce harmful CO2 emissions. These propellants are produced from agricultural raw materials and food... more
AirlinesGE-Raytheon agreement on long-haul flights
Alliance of engine manufacturers to boost travel demand
Engine manufacturing is a complex segment of the aviation industry and a high-margin one for investors looking to bet on a pandemic recovery. For this reason, some of the leading jet engine manufacturers... more
Civil aviationAirplanes-helicopters. Boeing reports fourth quarter results
The data for business segment
The Boeing Company reported fourth-quarter revenue of $14.8 billion, reflecting higher commercial volume and lower defense revenue. GAAP loss per share of ($7.02) and core loss per share (non-GAAP) of... more
AirlinesGermany-United States axis for cargo drones
eVtol aircraft to transport medicines to remote areas
The use of transport drones is a growing trend in urban areas across the Atlantic. Now a start-up company in the US is launching a service to deliver drugs and medical equipment to remote areas of the... more
AirlinesAnti-Vid rules in Hong Kong frighten managers
Companies move employees out of the city, other financial centres take advantage of it
Hong Kong's governorship is the focus of criticism from the financial establishment. Tough restrictions introduced to combat the spread of infections of the new Omicron variant of the coronavirus are... more
AirlinesAircraft. ITA Airways received an Expression of Interest
From MSC and Lufthansa; BoD will examine the details
The Company announces that yesterday it has received an Expression of Interest from the MSC Group and Lufthansa to acquire the majority of ITA Airways. The Group has agreed with the German airline its... more
AirlinesAirbus cancels order from Qatar Airways
6.3 billion dollars order for 50 planes; legal battle escalates - VIDEO
European aircraft manufacturer Airbus has cancelled an order for 50 A-321neo aircraft placed by Qatar Airways. The deal, signed in December 2017, worth about 6.35 billion dollars at list prices. The decision... more
Civil aviationHelicopters: manufacturer Enstrom declares bankruptcy
Chinese owner in financial trouble; expressions of interest arrive
US helicopter manufacturer Enstrom Helicopter declared bankruptcy yesterday. As of today, January 21, work activities at the plants in Menominee, Michigan, are suspended. All of the company's employees,... more
Civil aviationRussia allocates millions of dollars to develop aviation
Started projects to strengthen regional and long-range aircraft production
Moscow will allocate 26.1 million dollars to provide economic support for various development projects involving Russian-made aircraft used on both regional and long-range routes. Authorities aim to give... more
Civil aviationChinese C-919 aircraft to be delivered in 2022
The communication of a senior executive aircraft manufacturer Comac
Chinese aircraft manufacturer Comac will start delivering its C-919 narrow-body aircraft in 2022. The Dragon manufacturer previously announced that the first delivery of six aircraft destined for China... more
AirlinesPetition to define minimum seat width
Presented by consumer association to the US FAA
The consumer association Flyers Rights filed a legal action at a court in Columbia of the US Court of Appeals in recent days. In the documents it asks that the Federal Aviation Administration (FAA) establish... more
AirlinesSpanish government considers entry into Air Europa
It could take over 40% of the capital, meanwhile Brussels examines IAG's offer
The Spanish government is considering the possibility of entering the capital of the carrier Air Europa. An option that fuels the hope of more than 2000 employees of the airline that is on the verge of... more
AirportsAtlantia agrees acquisition of Yunex Traffic from Siemens
Existing airport assets are expected to benefit from operating and business synergies -VIDEO
Atlantia has yesterday entered into agreement with the Siemens Group for the acquisition of Yunex Traffic at a price of €950m (Enterprise Value), to be funded from available cash. Signature of the agreement m... more
DefenseFrance increases military helicopters available
A result of the government's Direction de la Maintenance Aéronautique Monitoring
France is increasing the availability on the market of some models of military helicopters such as the Fennec, the Cougar, the Panther and the Tiger of Airbus Helicopters. This is what emerges from the... more
AirlinesITA Airways can access Covid-19 refreshments
They are not state aids, declares European Commissioner Vestager
The difficulties suffered by ITA Airways in the first months of operation can be economically compensated by the Italian State without Brussels accusing Rome again for having given illegal aid. This was... more
AirlinesDelta Air Lines: December quarter and full year 2021 financial results
The highlights
Delta Air Lines reported financial results for the December quarter and full year 2021 and provided its outlook for the March quarter 2022. The highlights are: December quarter 2021 GAAP pre-tax loss o... more
AirlinesMicrosoft invests in biofuels for aviation
50 million dollars for ethanol propellant refinery
US technology company Microsoft is investing 50 million dollars in a Georgia refinery by the company LanzaJet to support the production of aviation biofuel from ethanol. The company said it has nearly... more
Civil aviationUnited Kingdom will invest 6 million Euros on hydrogen and Saf
New Beccs program to improve raw material treatment
The British Government announced the launch of a new Beccs (Bioenergy with Carbon Capture and Storage) program yesterday, for the production of green hydrogen from the treatment of waste and biomass. The... more
Finance and economyNew military helicopters for Belgium
Investment also in planes, drones and other armaments
Belgium's Defense Minister, Ludivine Dedonder, would like to invest an additional 3 billion Euros to strengthen the national strategic armaments plan. These would be in addition to a 9.2 billion investment... more
DefensePhilippines will purchase 32 more military helicopters
Among the new armaments also six maritime patrol boats
The secretary of the Department of National Defense of the Philippines, Delfin Lorenzana, said in recent days that by January the country should finalize a further agreement for the purchase of 6 maritime... more
DefenseSouth Korea: first V6 Apache AH-64E helicopter
New variant deployed by the US Army at Camp Humphreys
The US Army has deployed for the first time outside the borders of the United States some examples of the latest V6 version of the AH-64E Apache attack helicopter developed by Boeing. The aircraft are... more
AirportsHong Kong bans flights from 150 countries
Managers and executives blocked; a threat to global financial hub status
The Hong Kong government has decided to implement tough restrictions on travelers from 150 countries. The suspension will begin on January 15th and last until February 14th. Passengers arriving from high-risk... more
Finance and economyBreakthrough on helicopters for the Indian Coast Guard
Russia abandons tender, Airbus remains the only one supplier with H-225M
An important turning point occurred in the tender for the supply of 14 new heavy twin-engine helicopters for the Indian Coast Guard, which will use them to carry out various missions related to security... more
AerospaceAerospace start-ups and the Spac bet
Big companies lost even 40% after the merger in the last months
Today's aerospace start-ups need to be on their toes because succeeding in this industry becomes increasingly difficult. For this reason many young companies rely on acquisition companies (Spac) that... more