Finance and economy
1,612 news found
Civil aviationThe great rise of polyurethane in air transport
Foam is used more and more frequently in components
Microcellular polyurethane: this seems to be the future of air transport components, in particular as regards aircraft interiors. A very recent report by Allied Market Research has highlighted how this... more
AirlinesUSA, Nancy Pelosi: "No targeted aid for carriers"
President Trump called for new federal support
In recent days, American President Donald Trump was clear about national air transport: airlines must be supported with new federal aid (read also the article published by AVIONEWS), even if the speaker... more
AirlinesNo Ryanair packages from Thomas Cook: "Not flexible with refunds"
Tour operator came back after one year as on-line brand
British tour operator Thomas Cook Group is ready to return to operation as on-line brand exactly one year after sensational bankruptcy, but not all relations with air transport are idyllic and promising.... more
AirlinesNew routes to encourage China-Finland trades
Zhengzhou and Helsinki will be served by Juneyao Airlines
As announced by Chinese media, Asian country and Finland are destined to be increasingly connected thanks to air transport after officialization of the new routes. Starting from October 12, therefore in... more
AirportsSouth Africa, no visa required for tourists of 11 countries
Air passengers do not need to present certificates
An attempt (for some people, desperate) to favor national tourism: South Africa announced in recent hours that it wants to open foreign citizens from 11 countries without a visa to enter the national territory.... more
AirlinesDonald Trump: "Congress must approve new aid for air transport"
American President asked it in a tweet
First day of work after his discharge from the hospital was spent tweeting for Donald Trump, a social network that American president uses very often. One of his messages focused attention on air transport,... more
AirlinesAirAsia announces end of air links with Japan
Airline will no longer operate in Asian Nation
An important and strategic country to reluctantly give up: AirAsia, low-cost airline operating in the continent from which it takes its name, decided to suspend its operations in Japan with immediate effect.... more
AerospaceBoeing forecasts challenging near-term aerospace market
Near-term industry challenges impact demand for commercial airplanes and services
Boeing released yesterday its annual forecast for the commercial and defense aerospace market, reflecting the impact of the COVID-19 pandemic and industry's view of near-, medium- and long-term market... more
AirportsAirports, Alibaba-Dufry agreement on travel retail
It aims to develop this business in China
As reported by Chinese media, on Monday October 5, 2020, an important joint-venture involving Alibaba and Dufry was signed. First Group is famous for its technological services and electronic commerce,... more
AirlinesPlanes, easyJet announces layoffs in Switzerland
Total aircraft should also drop
Low-cost airline easyJet's employment cleaver is as sharp as ever. The decision adopted in Switzerland cannot be explained otherwise, specifically the 70 fewer jobs that have been made official with... more
AirlinesPlanes. Ryanair intends to acquire 150 B-737 Max
This order could be completed by December
According to Irish media, low-cost airline Ryanair would be very close to completing an order that includes an undefined number of B-737 Max. The exact figure should be between 150 and 200 aircraft; this... more
AirlinesIATA: looming cash crisis threatens airlines
Sector wide action needed -ATTACHMENT
The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute),... more
AirlinesPlanes. Spohr (Lufthansa CEO): "We still burn too much cash"
The situation of Deutsche carrier remains delicate
An impressive pace: the “speed” with which the Lufthansa carrier is literally burning millions upon millions cannot be defined in another way (read also the article published by AVIONEWS). Even the man... more
AirlinesPhilippine Airlines ready to cut 35% of the workforce
Asian country is among the most affected by coronavirus
It's an experience: certainly Philippine Airlines cannot use its motto to describe the latest employment choices (read also the article published by AVIONEWS). Philippines flag carrier made it known... more
AirlinesKelly, Southwest Airlines CEO, could forgo salary
Unpaid wage would last through 2021
An unpredictable first time: Southwest Airlines decided to approach the positions of unions and agree on a series of cost cuts, a fact that has never happened in the history of the company that lasted... more
AirlinesBoc Aviation: operation data for the 3Q2020
Transactions summary
BOC Aviation Limited announces today its operational transactions for the third quarter ended 30 September 2020.Transactions summary A total fleet of 555 airplanes owned, managed and on orderAn average... more
AirportsMexico announces new airport to support economy
The chosen location is that of Tulum
Air transport can support the economic recovery of a country: it has often been repeated in these difficult moments in which it is necessary to cope with the health emergency of covid-19 and an important... more
AirlinesPossible temporary nationalization for Norwegian Air Shuttle
It wouldn't be the first time for a carrier
Nationalization, temporary but still nationalization. For the carrier Norwegian Air Shuttle we should focus on this solution, as leaked in the last hours, a temporary assumption of control that should... more
AirlinesPlanes. Sanchez-Prieto (Iberia): "Pandemic gives us no respite"
Manager recognized the carrier's difficulties
An all too sincere speech: Javier Sanchez-Prieto, CEO of the Spanish carrier Iberia, acknowledged the difficult situation of the same company in this complicated historical period. The airline's CEO... more
AirlinesIs it close the birth of a Central European Aviation Group?
Rumors become more insistent
Poland, the Czech Republic, Hungary and Slovakia. These are the nations on which attention is being focused as regards the birth of a new civil aviation group. They are not countries mentioned at random:... more
AirlinesJet Airways, final stages for insolvency process
A legal question had to be resolved
Exactly a year and a half: a long time passed since all the flight operations of Indian airline Jet Airways ceased definitively (read also the article published by AVIONEWS). In the last few hours, a legal... more
AirlinesTurkish Airlines, debt of 14 billion dollars by December
Carrier has to deal with the latest losses
A heavy debt to be managed by the end of 2020: carrier Turkish Airlines certainly cannot claim to be in good health, given that 14 billion dollars to be faced over the next three months are worrying and... more
AirlinesMore Italy and less Ireland for Ryanair flights
Low-cost carrier is at odds with Dublin
Less Ireland and more Italy: this seems to be the attitude of the low-cost airline Ryanair, which intends to expand its network of connections in our country with 17 weekly flights and five routes departing... more
AirlinesPlanes. South African Airways suspends all operations
Funds for restructuring are still lacking
A paradoxical situation to say the least: South African Airways, flag company of African Nation, has been in economic difficulties for some time and the proposals for the rescue have not had any follow-up... more
AirlinesSingapore Airlines cancels flights "to nowhere"
Carrier was accused of polluting too much
In Australia they had a great success, in Singapore instead the failure was inevitable: we are talking about the so-called flights "to nowhere". Qantas, Australian national airline, achieved great results... more
AirlinesAviation crisis, 5 billion pounds for Rolls-Royce
Recapitalization plan for industry
Bond and stock market represent one of the last resources that Rolls-Royce wants to draw on to tackle the crisis in the aviation sector linked to the Covid-19 pandemic (read also the article published... more
AirlinesAmerican Airlines, 19,000 job cuts
Carrier announced it in the last few hours
"The new American is arriving": the motto of carrier American Airlines is clear, too bad that something else has arrived in the last few hours. As announced yesterday, on Wednesday September 30, 2020 by... more
AirportsChina, new expansion for Guangzhou-Baiyun airport
It will encourage the development of Greater Bay Area
An important airport expansion: Chinese international airport of Guangzhou-Baiyun (Baiyunport) will become even bigger in the future thanks to the expansion project that the media of the ex-celestial empire... more
AirlinesBritish airlines worried about "holiday tax" increase
Single passenger fares are about to change
A fare increase that should not be underestimated: UK government is serious about increasing duties provided for each passenger who traveled by plane, a move that took carriers off guard in the face of... more
AirlinesThailand ready to welcome foreign passengers
More air links will be authorized from October
Thailand reopens its borders. Asian Nation made it known through its covid-19 management center that it will soon be possible to authorize the access of a larger number of foreign citizens to its territory.... more