Finance and economy
1,872 news found
Civil aviationRussian luxury aircraft under Western sanctions
From Moscow aircrafts for sale, western manufacturers and maintainers scrutinize market
Private and luxury aircrafts attributable to Russian owners are under the under investigation worldwide. The reason is to be found in the economic sanctions imposed by Western governments against the Kremlin,... more
AirportsChina: an airport cluster in Chengdu-Chongqing
Civil Aviation Administration of China announces it to strengthen economic district
Civil Aviation Administration of China (CAAC) has announced that it will accelerate the process for the realization of an international airport cluster in the economic district of Chengdu-Chongqing, where... more
AerospaceHigh inflation impacts SpaceX
Musk: "Better to own physical things in these cases, but I'm not selling my cryptocurrencies"
US entrepreneur Elon Musk has let investors know that two companies he founded, space company SpaceX and electric vehicle specialist Tesla, are facing high inflationary pressure, however he has no plans... more
AerospaceAvio: 2021 results in line with its guidance
Backlog improved, stable cash position -ATTACHMENT
The Board of Directors of Avio SpA yesterday reviewed and approved the company and group financial statements of Avio SpA as of December 31, 2021. HighlightsSuccessful return to flight for Vega: 3 missions... more
Civil aviationUkraine conflict: Israel regulates migration of Russian oligarchs
Maximum 48-hour limit for stopovers of aircraft arriving from Moscow
Israel's government will prevent Russian oligarchs holding dual passports from travelling to the Middle Eastern country to save themselves from economic sanctions. Following the Kremlin-led Army's... more
DefenseRussia-Ukraine: Kiev formalizes economic aid
Martial law: Zelensky increases security and defense fund by 1.57 billion euros
Fifteen days after the start of the armed conflict between Russia and Ukraine, a rift has been created in Europe with Western countries providing armaments, humanitarian aid and economic support to Kiev,... more
AerospaceLeonardo BoD examined and approved the draft of Group results 2021
And guidance 2022-ATTACHMENT
Leonardo's Board of Directors, convened yesterday under the Chairmanship of Luciano Carta, examined and unanimously approved the draft of Group consolidated and Leonardo SpA financial statements at... more
Finance and economyPhilippines will buy Russian military helicopters
Despite condemnation of invasion in Ukraine, confirmed buyout
The Philippines will finalize the purchase agreement for 17 Russian-made Mil Mi-17 military transport helicopters. An arrangement signed and partially paid for prior to the invasion in Ukraine. The contract... more
AirlinesAirbus increases production of H-160 helicopters
Enhanced and digitized assembly line to create 35 units per year
European manufacturer Airbus Helicopters said that it will boost its production capacity for twin-engine H-160 helicopters. After seven years of development 2021 was a turning point, with 52 aircraft ordered... more
AirlinesITA Airways: interest from Delta Airlines and Air France-Klm
Joint expression of interest on the Mise table, then opening of the data room
The US air carrier Delta Airlines and the French-Dutch Air France-Klm have formalized a joint expression of interest to acquire the majority of the flag carrier ITA Airways, thanks to the support of an... more
AirlinesRussia promises help to domestic air carriers
The announcement just days after Boeing and Airbus suspended services
The Russian government will help domestic air carriers so that they can keep their foreign aircraft fleets operational. The initiative comes just days after the announcement of the suspension of services,... more
Finance and economyU.S. big tech bets on cybersecurity
A 4.9 billion dollars investment in cloud-based data security
U.S. technology company Google made it known yesterday that it has acquired the company Mandiant, which specializes in cybersecurity services and real-time cyber threat monitoring. The total value of the... more
DefenseTiger Mark 3 military helicopter unites Europe
Even (Airbus): "Emblematic instrument of cooperation for a strong common defense"
The technological-military program of the Tiger Mark 3 war helicopter, developed by the European manufacturer Airbus Helicopters, is of unparalleled political, industrial and operational importance for... more
Civil aviationU.S. hospitals order 10 helicopters
Pennsylvania medical consortium buys Airbus H-135 for medical transport
The U.S.-based Stat Medevac Center for Emergency Medicine in Pittsburgh, USA, has committed to order 10 new H-135 helicopters made by European manufacturer Airbus Helicopters. It is an order that is part... more
DefenseUkraine war: Kiev negotiates armaments
Government called for press silence on details of supplies
The political and military authorities of Ukraine have let it be known in these hours that they are negotiating with Western partners on sending armaments. The aim is to enhance the defense capability... more
DefenseUkraine war: Kiev thanks Turkish drones
Decisive armament to block soldiers and vehicles of the Russian army
BT2 armed drones developed by the Turkish company Bayraktar and purchased by Ukraine have turned into a decisive weapon for the Kiev army, which has inflicted huge losses on the Moscow military. Thanks... more
AirlinesAirbus bets on Australian hydrogen
Agreement to secure first aircraft by 2035
European aircraft manufacturer Airbus signed a memorandum of understanding with Australian mining company Fortescue Metals, whose services it intends to use to reduce Co2 emissions in the air transport... more
AirlinesCarriers struggling with high oil prices
Increases of 50% in Northwest Europe from February 25th to date
The price of oil has risen to its highest level since 2008 following the Russian invasion of Ukraine. The increase had already been underway for several months due to low global crude oil supplies. The... more
Civil aviationBoeing will double MAX aircraft produced by 2023
Indiscretions say 47 units per month compared to 27 today
US manufacturer Boeing is reportedly about to give the green light to an increase in the production rate of narrow-body 737 Max aircraft. This is an indiscretion that has already filtered through previously:... more
Civil aviationBoeing to support humanitarian response in Ukraine
And it commits USD 2 million with a package
Boeing announced a USD 2 million emergency assistance package to support humanitarian response efforts in Ukraine. The assistance package will be directed to organizations working to bring food, water,... more
Civil aviationKiev informa: 38 Countries have closed airspace to Russia
And on the macro-financial assistance side, Ukraine will receive € 1.2bn from the EU
The Ukrainian Foreign Ministry reports it today on its website: 38 countries (including the USA and Montenegro) have banned their airspace to flights by Russian aircraft, in response to the large-scale... more
AirlinesLufthansa will not return to profit in 2022
Spohr (CEO): "Partnership with ITA is our strategic goal"
The Board of Directors of the German air carrier Lufthansa, contrary to earlier wishes, is not certain that the airline will return to profit in 2022. The company's top management is certain that passenger... more
AirlinesStop supplies Boeing-Airbus to Russian air carriers
Decision follows economic sanctions against Moscow
Two of the world's largest manufacturers in the aviation industry, the US Boeing and the European Airbus, have stopped the supply of components for their aircraft in the fleets of Russian companies.... more
AirlinesAircraft and transport. Ukraine conflict: four effects on the sector
From chaos in EU skies to higher ticket and fuel prices
The conflict between Russia and Ukraine have a major impact on the passenger, cargo and charter airline industry. It's not just because Canada, the European Union and the United States have closed... more
AirlinesQatar Airways on A-350 aircraft
The carrier replies to the Airbus industry
Qatar Airways communicated in a press release that "Welcomes the decision of the High Court on Friday 18 February 2022 which issued an injunction against Airbus. The essence of the order is that Airbus... more
AirlinesAircraft. Airbus asks compensation to Qatar Airways
A 220 million dollars fine for refusing delivery of two A-350 airplanes
European aircraft manufacturer Airbus asked British courts to impose a 220 million dollars fine, yesterday, on airline Qatar Airways for refusing to take delivery of two A-350 aircraft. In turn, the Arab... more
AerospaceLaura Holmes at AVIONEWS: past and future of Collins Aerospace
Exclusive interview with the new Italian office CEO -VIDEO
AVIONEWS visited the Italian headquarters of Collins Aerospace, in Turin. It's in the middle of this city that the Italian branch district of the North Carolina company was founded in 1929. A strong... more
Finance and economyAVIONEWS interviews Marcello Minenna, general manager of Adm
Adm and Eppo signed an important contract -VIDEO
The agreement between ADM and Eppo is an important contract, which adds even more value to the national and international investigative action. It was signed by the general manager of Adm, Marcello Minenna,... more
AirlinesITA Airways launches new service
It represents a step forward in its commercial strategy
ITA Airways launches Flight Pass, a new service dedicated to its customers and featuring a personalised package of prepaid vouchers for the purchase of airline tickets in Economy, Superior and Business... more
AirlinesAir France reduces losses in 2021
It announced 4.5 billion capital increase to give back pandemic aid
The French airline Group Air France-Klm has announced its results for the fourth quarter of 2021 and for the whole year: in the latest quarterly report it recorded a net loss of 127 million Euros, much... more