Finance and economy
1,612 news found
AirlinesRyanair-Finnair. EU JC: Finland’s guarantee in favour of the airline Finnair is compatible with EU law
To help it obtain a loan of €600 million to cover its working capital requirements following the pandemic
The guarantee was necessary in order to remedy the serious disturbance in the Finnish economy in view of the importance of Finnair for that economy more
AirlinesIta, Brussels sends letter with 40 points to be clarified
EU and carrier are still in talks
The comparison between the European Union and the air carrier Ita (Italy air transport) does not seem to have an end. In the last few hours, the EU Commission sent a letter to the Newco, 8 pages with 16... more
Finance and economyFincantieri: shareholders' meeting approves 2020 financial statements
Closed with a profit of EUR 963,328.57
Fincantieri SpA held its ordinary Shareholders’ Meeting today in Trieste on a single call. In consideration of the COVID-19 health emergency and taking into account the regulatory provisions issued for... more
DefenseMBDA: innovation for growth
The industry showed strong resilience in 2020 despite the global pandemic
MBDA showed strong resilience in 2020 despite the global pandemic. Revenues were at €3.6 billion in 2020, with a 50:50 split across domestic and export customers. Order intake during 2020 was €3.3 bil... more
AirlinesAircraft and carriers. New State aid for Air France is getting closer
Brussels is considering selling of slots
State aid to air carriers has been a constant for some time now and with the crisis triggered by the coronavirus pandemic they have increased dramatically. A clear example of this is Air France, a company... more
AirportsChina. Shenzhen airport returns to pre-covid levels
The flow of passengers is increasing
Air transport at Shenzhen-Bao'an international airport in China is returning to levels that can be defined as normal. As reported by local media in recent hours, the Asian airport was affected by a... more
AirlinesNew measures for the restructuring of Austrian Airlines
Carrier aims to reduce its fleet
It's time for restructuring for Austrian Airlines. The Austrian company is perfecting, week after week, its plan which is about to go live. In particular, the most complicated months of the health... more
AirportsFraport placed bond issue in two tranches for a total volume of 1.15 bn
High demand from investors
Fraport placed yesterday a corporate bond with a total volume of €1.15 billion and therefore one of the biggest unrated corporate bonds in Euro ever issued in the capital markets. Driven by strong investor d... more
Finance and economyLeonardo: call of the Shareholders’ Meeting
It will be convened in May
The Board of Directors (BoD) of Leonardo, convened yesterday under the chairmanship of Luciano Carta, has resolved that the Shareholders’ Meeting will be convened in Ordinary session on 10 and 19 May 2... more
Finance and economyLeonardo announces postponement of the DRS Initial Public Offering
Adverse market conditions did not allow an adequate valuation of it
Leonardo SpA announced that its wholly owned subsidiary, Leonardo US Holding, Inc., postponed the Initial Public Offering (“IPO”) of shares of Leonardo DRS, Inc., an indirect wholly owned subsidiary of... more
AerospaceAvio: 2020 results
Vega to launch again in April -ATTACHMENT
The Board of Directors of Avio SpA reviewed and approved last Friday the financial statements as of December 31, 2020.The highlights are: Net Revenues: Euro 322 million (-12.6% on 2019)Adjusted EBITDA:... more
AirlinesBritish Airways could sell Heathrow headquarters
Employees now are only in smart working
Air carrier British Airways is seriously considering selling its London office, specifically the facility located near Heathrow airport. The airport of the English capital represents the main hub of this... more
AirlinesEmirates accuses Boeing: "Planes have no longer same quality"
President Clark said it during an interview
A very heavy accusation that could have important consequences: Tim Clark, President of the airline Emirates, has lashed out in recent hours against Boeing and the alleged lack of quality standards of... more
AirportsPassenger record for American airports
New total had not been belonged for a year
The vaccination campaign is improving numbers of air transport sector, primarily the American one. The confirmation came in the last few hours, as US airports have managed to record the highest number... more
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