Finance and economy
3,319 news found
AirlinesClass action. Delta capitulates: $ 79 mln for the aircraft fuel spill of 2020
Flight 89 had dumped tonnes of kerosene over Los Angeles following an onboard emergency
The air company, while denying any liability, accepts the compensation to close the class action and avoid lengthy litigation more
AirlinesMalaysia Airlines: increase in fuel surcharge on flights
Starting from mid-September
Malaysia Airlines announces that, effective 18 September 2025, it will apply a systemwide increase of the fuel surcharge (YQ) on certain selected routes.This change will apply to all itineraries that include... more
AirlinesAgreement between Riyadh Air and Red Sea Global to promote Saudi tourism
Signed today, it expands the visibility and recognition of both the air carrier and the luxury resorts in the Red Sea
Riyadh Air, the new strategic national carrier of Saudi Arabia, and Red Sea Global (RSG), developer of luxury tourism destinations, signed a strategic partnership today to promote tourism in the Kingdom.... more
AirportsRiyadh: the tender for the "King Salman" Airport is nearing its deadline
Deadline for bids set for 31 August for the development of the terminals of the new airport / VIDEO
The King Salman International Airport Development Company (Ksia Dc) has set August 31 as the deadline for the submission of final bids for the first phase of development of the "King Salman" international... more
AirlinesEl Al, profits collapse by 55% in 2Q: cause, the conflict with Iran
The near-total closure of Israeli airspace cost the airline $ 100 million
It's confirmed: Chief Executive Officer Dina Ben Tal Ganancia will step down at the end of the year more
AirlinesTAP Air Portugal: results in the 2Q2025
Analysis of the those ones for the 1H
TAP Air Portugal achieved a net income of EUR 37.5 million in the second quarter of 2025 (2Q25).The carrier has thus reaffirmed its commitment to the path of recovery, financial sustainability and structural... more
Civil aviationUS, growth in jet fuel consumption slows
After the pandemic, with the resumption of commercial travel, it had increased by 12%
Despite rapid growth in US jet fuel consumption since the pandemic, the data now show a slowdown that the Energy Information Administration (EIA) reports will continue through 2026, falling not only below... more
AerospaceTariffs. USA-South Korea: new "historic" trade agreement signed
The air transport, space and automotive industries among the key sectors involved
Trump celebrates the "largest deal ever signed" that provides for 15% tariffs on South Korean goods in exchange for massive investments and full opening to the USA market more
AirlinesSyria, a large-scale investment of 4 billion dollars for Damascus airport
The agreement includes a financing of 250 million for 10 Airbus A-320 aircraft destined for Syrian Airlines
An international consortium led by Qatar's UCC Holding has secured the redevelopment and expansion of the airport, a project aimed at revitalizing the economy and global connectivity. 90,000 jobs are expected to be created more
DefenseA €125 Million Anti-Drone Laser: EOS secures a major contract from a NATO Country
A 100-kilowatt system is capable of neutralizing up to 20 drone aircraft per minute
The Australian company anticipates further orders and aims to become the leader in Europe in remote weapon stations more
AirlinesLufthansa withdraws from the race for Air Europa; Turkish Airlines the sole remaining contender
The decision comes after the withdrawals of Air France-Klm and the rejection of the IAG offer
The pool of investors for Air Europa narrows further. Lufthansa has officially announced that it does not intend to continue negotiations for the acquisition of an equity stake in the Spanish carrier.... more
Finance and economyEmbraer: second quarter 2025 results
Delivered 61 aircraft in this period
Embraer unveiled results 2Q2025.The highlights:2025 Guidance reiterated: Commercial Aviation deliveries between 77 and 85 aircraft, and Executive Aviation deliveries between 145 and 155 aircraft. Total... more
AirportsFraport improves operating result in Second Quarter
Group result remains below last year’s level; Outlook confirmed
Fraport AG’s business performance picked up during the second quarter of 2025. Over the first six months of the year, around 77 million passengers traveled via Fraport’s Group airports worldwide – repre... more
DefenseUAS. Destinus acquires Daedalean to enhance its flight systems with AI
$225 Million Operation. The agreement aims to accelerate the development of autonomous aircraft for civilian and defense markets
Destinus Group BV, headquartered in The Netherlands, has signed a binding agreement to acquire Daedalean, a Zurich-based start-up specializing in artificial intelligence solutions for aviation. The deal,... more
Finance and economyTrump: executive order on tariffs signed last night just before deadline
The tariffs will take effect on August 7. The 15% tax for the EU has been confirmed
Before midnight in the United States (around 1 a.m. in Italy), president Donald Trump signed the executive order imposing tariffs on partner countries, thus meeting the August 1st deadline. He then announced... more
AirlinesLufthansa Group: results of the 2Q2025
And it confirms full-year forecast
Lufthansa Group unveiled results in the second quarter and confirms full-year forecast.The hightlights are:Adjusted EBIT improves to EUR 871 million, net profit more than doubles to over 1 billion eurosLow... more
Finance and economyTrump: 50% tariffs on copper and Brazilian products
However, copper input materials are excluded. Tariffs are 25% for India and 15% for South Korea.
Yesterday, President Donald Trump signed a measure imposing, starting August 1st, a universal 50% tariff on imports of semi-finished copper products (copper tubes, wire, rods, sheets, and pipes) and copper-intensive... more
AerospaceAirplanes and helicopters. Airbus reports 1H2025 results
306 commercial aircraft delivered
Airbus reported consolidated financial results for the Half-Year (H1) ended 30 June 2025.The highlights: 306 commercial aircraft deliveredRevenues € 29.6 billion; EBIT Adjusted € 2.2 billionEBIT (reported) € 1.... more
DefenseLeonardo (2) to acquire Iveco Defence
Enterprise value of the transaction at EUR 1.7 billion
Leonardo has signed an agreement to acquire Iveco Defence, a division of the Iveco Group, for a total enterprise value of EUR 1.7 billion. The transaction will be financed through available cash resources.... more
AerospaceLeonardo: BoD approved the 1H2025 results
Order Backlog came to € 45 billion - ATTACHMENT
Leonardo's Board of Directors, convened today under the Chairmanship of Stefano Pontecorvo, examined and unanimously approved 2025 first half results.The highlights are: • Order Backlog came to € 45 b... more
AirlinesANA Holdings soars high: record revenues in the Quarter, but shadows loom over annual earnings
Q1 2025-26 revenue hits a new record thanks to international boom, but the year will close with lower profits
ANA Holdings announced today a record start to the financial year, with revenue reaching 548.7 billion yen (approximately 3.3 billion euros) in the first quarter (April 1 - June 30, 2025). This figure,... more
Finance and economyEU-USA tariffs: Tajani convenes business representatives
Task force established at the Italian Foreign Ministry
The meeting was attended by representatives of the Italian economic system – Italian Trade Agency (ITA), SACE, SIMEST, Cassa Depositi e Prestiti (CDP), the Permanent Representation of Italy to the EU in Brussels, the Italian Embassy in Washington, and various business associations, including Confindustria, Coldiretti, CONFAPI, Confagricoltura, CNA, Confimi Italia, Federacciai, Farmindustria, Confesercenti, Confartigianato, Confcooperative, Confcommercio, Federlegno, and Federvini more
Civil aviation15% tariffs (2): exempt aircraft and their components, some chemical and agricultural products
However, the taxes affect most sectors, including automotive and semiconductors
According to European Commission president Ursula von der Leyen's statement on the agreement reached with US President Donald Trump (see AVIONEWS), duties are "stabilized at a 15% tariff rate on the vast... more
AirlinesVietjet escapes global asset freeze
English court rejects FW Aviation's appeal: unpaid aircraft totaling nearly $217 million on the table
The Vietnamese low-cost airline Vietjet has secured a crucial legal victory in the United Kingdom: a British court has indeed dismissed the request to freeze its worldwide assets, filed by the leasing... more
Finance and economy15% tariffs: the agreement between von der Leyen and Trump
Investments by the EU in the US and the purchase of energy are also expected
After months of negotiations, the United States and the European Union have finally reached a trade agreement: US tariffs on European products will be 15%. The agreement was reached during a meeting between... more
AirportsLamezia Terme (South Italy). Tax evasion on aerotaxi and helitaxi: major fraud on the "luxury tax"
Operation by the Financial Police Uncovers Non-Payments by National and Foreign Air Carriers
A joint operation conducted by the Italian Financial Police (Guardia di Finanza, GdF) of Lamezia Terme and the local Aviation Unit uncovered a widespread tax evasion related to the so-called "luxury tax"... more
DefenseThales reports its 2025 half-year results
Order intake: €10.4 billion - ATTACHMENT
Thales’ Board of Directors met on July 22, 2025 to review the financial statements for the first half of 2025The highlights are:Order intake: €10.4 billion, down -4% (-4% on an organic basis)Sales: €10... more
AirlinesEmbraer aircraft: results of 2Q25
The E-175 celebrated an important milestone
Embraer registered a USD 29.7 billion backlog in the second quarter of 2025 (2Q25) – the highest level ever recorded by the company. The highlights of the other results:Commercial Aviation reported an... more
DefenseBrief. Avio signs contracts worth approximately €60 million with Mbda in France
Mainly for propulsion engines and related aerodynamic surfaces for the Aster 30 defense system
News from Italy. Within the framework of the existing master contract with Mbda in France, Avio SpA has signed a production order for the supply of propulsion engines and associated aerodynamic surfaces... more
Civil aviationMoney is "raining down" on Montréal’s “Trudeau” Airport: 1 Billion to look to the future
The largest development plan in its history aims to expand its capacity and connectivity
Montréal's "Trudeau" International Airport is poised for the most significant transformation in its history. Thanks to a one-billion-dollar funding from the Canada Infrastructure Bank (CIB), the airport i... more
Finance and economyThales has entered into discussions to acquire RTX’s stake in the French jv company
The proposed acquisition is expected to be finalised before the end of 2025
Thales announces that it has signed a Memorandum of Understanding (MoU) with a view to acquire RTX’s stake in the French joint-venture company Thales Raytheon Systems Air and Missile Defense Command a... more
AirportsHeathrow (2): £10 Billion Private Investment Plan
To improve service levels, boost reliability and unlock growth for Britain
Heathrow is the most punctual major airport in Europe this year and the best-connected airport in the world delivering strong value for its customers and the country. The five-year plan unveiled today... more
AirportsArdian increases its stake in Heathrow Airport by 10%
With 32.6%, the investment company consolidates its position as the largest shareholder at the London airport
Ardian, a globally active investment company, announced today that it has completed the acquisition of an additional 10% stake in Fgp Topco Ltd (TopCo), the holding company of Heathrow Airport Holdings... more
AirlinesEuropean airports and airlines slam misguided Global Solidarity Levy proposal
The declarations by Aci Europe and A4E
ACI EUROPE and A4E, the key industry bodies representing Europe’s airports and carriers, today joined global industry voices in pushing back against misguided recommendations from the Global Solidarity L... more
AirlinesAirbus secures agreement with AirAsia for 70 A-321XLR aircraft
The MoU will support the expansion of its global network of low-cost carriers, with hubs in Kuala Lumpur and Bangkok
The model will enable AirAsia to serve long-haul and underserved routes more efficiently, including those to Central Asia, the Middle East, and Europe more
AirportsIn July "it is more advantageous to fly to New York than to European capitals"
The most affordable destinations according to a study: United States, Eastern Europe and Portugal
For those who want to travel this Summer, July is the best month to fly. This is reported by an analysis by RomborsoAlVolo, an agency that protects air passengers who have suffered disruptions. In the... more
AirlinesAir France-KLM initiates proceedings to take a majority stake in SAS
From 19.9% currently to 60.5%; the ambition is to close in the 2H2026
Air France-KLM today announced that it will initiate proceedings to take a majority stake in SAS. The Group currently holds a 19.9% stake in the Scandinavian carrier and since the Summer of 2024, it has... more
Finance and economyLeonardo strengthens its cyber solution portfolio at international level
Towards the development of a “Made in Europe” Zero Trust ecosystem
Share of Finnish company SSH Communications Security Corporation to be acquired by the industry, valued at 20 million EUR more
Civil aviationBombardier: maxi $1.7 billion order for 50 aircraft from anonymous customer
Challenger and Global models, with options for another 70 that would bring the total value to over 4 billion
Bombardier has announced a significant order from a new customer for 50 of its high-performance business jets, the Challenger and Global models. The deal, with a combined value of $1.7 billion, also includes... more
Civil aviationBaykar completes acquisition of Piaggio Aerospace's business complexes
The Turkish industry has pledged to maintain current employment levels at the Villanova d’Albenga and Genoa sites
The transfer of the business complexes of Piaggio Aero Industries and Piaggio Aviation – the two companies under extraordinary administration operating under the Piaggio Aerospace brand – to the Turkish aer... more
AirlinesRevolution at Play Airlines headquarters
The carrier towards the closure of the hub and the transfer to Malta: the topic resurfaces
An acquisition plan led by the company’s top management foresees the cessation of transatlantic flights, the transfer of the entire fleet under Maltese registration, and a new focus on leisure and leasing markets more
Civil aviationRemotely piloted aircraft. Surge in costs for drones in the USA
Chinese restrictions cause key component prices to triple. And after the tariff war?
A drastic decline has been recorded in Chinese exports of sensors, engines, and essential parts for UAVs following Beijing’s regulations of September 2024, with significant repercussions on the American market more
AirportsMacquarie strengthens its grip on British airports
The Australian Group acquires stakes in Bristol, Birmingham, and London City airports
Macquarie Asset Management (Macquarie), through its Macquarie European Infrastructure Fund 7, has recently announced an agreement to acquire ownership stakes in the airports of Bristol, Birmingham, and... more
AirlinesAirplanes, Summer 2025: flights for August, is it still possible to save?
Investigation on 8 Italian and international routes reveals price increases up to 300%
Booking early is usually advantageous, but not always: beware of dynamic pricing fluctuations, warns Altroconsumo more
Airlines"Le Bourget" (6): ANA Holdings strengthens its fleet with Airbus
Firm order for 27 aircraft. The order includes A-321XLR for Peach Aviation
The Japanese giant Ana Holdings (Anahd) has finalized an agreement by signing a firm order with the European giant Airbus for 24 single-aisle A-321neo and three A-321XLR aircraft. The order was announced... more
Civil aviationUS-China agreement: strategic minerals for defense in exchange for tariff easing
Preliminary trade contract redefines balances. Is Boeing's future in China changing?
The President of the United States, Donald Trump, has just announced a significant development in the complex trade relations with China: a preliminary agreement focusing on the supply of rare minerals... more
DefenseReduction in F-35 aircraft orders: new budget strategies for US Defense
Redistribution of funds and impacts on the production lines of the program
The US Department of Defense recently informed Capitol Hill of a significant reduction in orders for F-35 fighter jets destined for the United States Air Force (USAF), marking a contraction from 48 to... more
AirportsRadar failure at Naples airport (2): chaos persists today as well, how to protect yourself
According to "ItaliaRimborso", 35,000 air passengers have been affected so far: what refunds are available and how to obtain them
The radar failure is an "exceptional circumstance", therefore travellers are not entitled to the standard monetary compensation, but it is possible to claim reimbursement for extra expenses incurred due to the disruption more
AirlinesBarcelona-El Prat Airport: challenges and compromises in the expansion of the site
Balance between Infrastructure growth and environmental protection: a project worth over €3 Billion
"RTVE", the Spanish public radio and TV broadcaster, has announced an agreement between the Catalan government and AENA, the company responsible for managing Spain's major airports, for an expansion project... more
AerospaceNATO. Rutte: what are the priorities on the agenda for the upcoming summit in The Hague
First and foremost, a 400% enhancement of air and missile defense to counter new global threats
NATO Secretary General, Mark Rutte, will deliver an urgent message today during an event organized by the think tank Chatham House, outlining the priorities ahead of the Atlantic Alliance summit scheduled... more