Finance and economy
3,282 news found
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
AirlinesEU Transport Council (2): new rules yes, but do they really protect those travelling by plane?
Delays: minimum threshold for requesting refunds increases from 3 to 4 hours - ATTACHMENT
Yesterday, the EU Transport Council meeting in Luxembourg adopted a regulatory text declaring its intention to define "clearer and better rules for air passengers" in the European Union. The new measures... more
AirlinesNew EU Council rules for air transport
The news concerns assistance and refunds for flight cancellations and delays
We report the press release of the Transport Council of the European Union regarding air transport."Council sets position on clearer and improved rules for air passengersMinisters for transport today reached... more
AirlinesProductive challenge for Sustainable fuels in the global aeronautical sector
Growth in demand drives innovation
According to the annual Sustainable Aviation Fuel Market Outlook report by SkyNRG, the global market for Sustainable Aviation Fuels (SAF) will face a significant discrepancy between supply and demand in... more
AirlinesIATA: $1.3 billion in airline funds blocked by Governments
10 the countries are responsible for 80% of them
The International Air Transport Association (IATA) reported that $1.3 billion in airline funds are blocked from repatriation by governments as of end April 2025. This is a significant amount, although... more
AirlinesA flourishing moment for Asia-Pacific carriers
Despite economic difficulties, passenger and cargo demand grows in April 2025
Despite economic headwinds and ongoing trade frictions, preliminary data on April 2025 air traffic, released today by the Association of Asia Pacific Airlines (AAPA), reveal steady growth in both the international... more
AirportsFraport AGM 2025: shareholders approve all agenda items
In Frankfurt, it will conclude the investment cycle with opening of new T3 in 2026
The 24th regular Annual General Meeting (AGM) of Fraport AG took place on May 27at Frankfurt Airport. In Lima and Antalya, Fraport has expanded capacities through measures that include the construction... more
AerospaceLeonardo's shareholder meeting approves 2024 financial statements
Main economical results at end of December
The Ordinary Shareholders' Meeting of Leonardo SpA was held yesterday in Rome. It should be noted that, in line with the provisions of Art. 106 of Law Decree No. 18 of 17 March 2020, as converted, with... more
AirlinesAir Arabia airline tickets purchasable with stablecoin cryptocurrency
Partnership with Mbank marks the entry of AE Coin into the Middle Eastern aviation sector
Air Arabia, the leading low-cost carrier in the Middle East and North Africa, and Al Maryah Community Bank (Mbank), the first fully integrated digital bank in the United Arab Emirates, have announced a... more
AirportsOslo. Positive 1Q 2025 for the Avinor Group
Profits Increase in tandem with air traffic at 43 Norwegian airports
Avinor Group, a State-owned company managing most of the civil airports in Norway, reported improved earnings in the first quarter of 2025 compared to the first quarter of 2024. Adjustments to airport... more
Civil aviationRussia cuts funds for civil aviation: -22% for purchase and maintenance of airplanes and helicopters
But the short-term impact is minimized due to delays in the delivery of new Russian aircraft
The Russian Government is set to make a significant cut in funding for civil aviation programs, with subsidies expected to be cut by nearly a quarter. According to Russian media, including the financial... more
DefenseUSA. Department of State approves potential sale of helicopters to Bosnia and Herzegovina
Model AW-119Kx and related equipment for an estimated cost of 100 million dollars
The US Department of State has given its approval for a potential Foreign Military Sale to Bosnia and Herzegovina, which includes AW-119Kx helicopters and related equipment, with an estimated value of... more
AirlinesAircraft and carriers. GOL reemerges from the Chapter 11 restructuring
After the approval from the US Bankruptcy Court, it soars towards the future with strengthened liquidity and reduced debts
The Brazilian low-cost airline Gol Linhas Aéreas Inteligentes is poised to complete its corporate restructuring process, culminating in the approval of its reorganization plan by a US bankruptcy court.... more
AirlinesEtihad Airways: results for 1Q2025
The highlights
Etihad Airways reports results for Q1 2025.HighlightsProfit after tax reached AED 685 million (USD 187 million), up 30 per cent year-on-year, with profit margin at 10 per cent (+1pp year-on-year)Customer... more
AirlinesQatar Airways announces financial results for fiscal year 24/25
The renewed strategy rewarded for delivering positive results
Qatar Airways Group has announced the strongest financial results in its history. The Group’s profits, which include cargo, catering, and Qatar Duty Free sectors, reached QAR 7.85 billion (USD 2.15 billion) i... more
AirlinesRyanair with US duties and delays Boeing towards Chinese aircraft
The operational challenges and potential changes in airplanes procurement strategy of the Irish low-cost
Ryanair's passenger numbers are growing at a more moderate pace due to certain operational challenges that have slowed traffic. The CEO of the Irish carrier, Michael O'Leary, has indicated that for the... more
AirlinesUAE: maxi-investment of over $1 billion for Astana airport
Kazakh airport ready to become a strategic hub between East and West
The agreement comes as Vietjet-Qazaq Air announced its joint-venture to launch Vietjet Qazaqstan, a new carrier that will operate a fleet of at least 20 Boeing 737 Max aircraft more
Finance and economyTrump doing the double in Doha: USD 1.2 Trillion in reciprocal trade with Qatar
And agreements worth over 243.5 billion: the contract for 210 planes and engines to Qatar Airways shines, but not only.../VIDEO
... Tight defense agreements that bind Qatar to purchase military equipment; contracts on anti-drone capabilities, MQ-9B remotely piloted aircraft systems, air and maritime security more
AerospaceTrump lands in Saudi Arabia (2): Riyadh will invest 600 billion dollars
Agreements are pouring in on AI, energy, defense, space, airplanes, airports, technology, healthcare and much more
The largest defense sales deal in history, worth nearly $142 billion, has been signed, providing Riyadh with cutting-edge warfare equipment and services more
DefenseUS approves sale of Chinook helicopters to UAE for $1.32 billion
Approval for six units plus equipment and logistical support; now awaiting "yes" from Congress
A separate $130 million transaction for maintenance and support of the UAE's F-16 fighter jets was also approved. The announcements come as Trump prepares for a tour of planned visits to the Middle East more
Finance and economyDuties: truce with China and reduced tariffs
Beijing grants cut from 125% to 10%, Washington from 145% to 30%. European stocks and dollar rise
The US and China are finally seeing a thaw in tariffs. The announcement comes from Geneva, where negotiations are underway at the home of the Swiss ambassador to the United Nations. According to a joint... more
AirlinesEmirates posts 20% profit increase
Revenues were impacted by the purchase of more expensive airline seats
Dubai-based Emirates said its profit rose 20 percent year-on-year to AED 21.2 billion ($5.8 billion) in the 12 months to March 31. Revenues rose in that period, largely as more passengers bought the most... more
AirlinesHeathrow blackout costs IAG dearly: € 50 million impact on Group accounts
The fire had a significant impact on the financial results of the holding company that owns several carriers
The recent blackout that paralyzed London-Heathrow airport last March (see AVIONEWS) had a significant impact on International Airlines Group (IAG), the holding company that also includes major airlines... more
AirlinesIAG: 1Q results 2025, strong start to 2025
Outlook unchanged; adverse impact of the closure of Heathrow last March
IAG (International Airlines Group) unveils Q1 results 2025: strong start to 2025. Outlook unchangedHighlights: • Revenue growth of 9.6%, reflecting the strength of our business • Operating profit befor... more
AirlinesEmirates Group (4): sustainability for airline and dnata
Investments and initiatives, SAF, electric and hybrid vehicles
SustainabilityDuring 2024-25, the Group continued to invest and implement initiatives that help reduce its impact on the planet, increase engagement with communities, and develop and reward its people. Emirates... more
AirlinesEmirates Group (3): dnata performance
On the cargo front, it made significant investments
dnata performanceIt increased its profit before tax by 2% to AED 1.6 billion (US$ 430 million) in 2024-25, with all business divisions reporting a solid performance, and notable contributions from its... more
AirlinesEmirates Group (2): performance of the carrier and Skycargo airline
Destinations, aircraft delivery, transported passengers, investments
Emirates performanceIts total passenger and cargo capacity grew 4% to 60.0 billion ATKMs in 2024-25, recovering to near pre-pandemic levels.During the year it launched two new destinations - Bogotá and... more
AirlinesEmirates Group released its 2024-2025 annual report
Financial results and declarations by its President and CEO
The Emirates Group released today its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels. This outstanding performance places the Emirates Group as the most profitable... more
AirlinesAircraft. China Airlines bets on B-777X for long-haul routes and cargo
The carrier is the island's first customer for the new widebody: up to 23 units between passenger and cargo versions
China Airlines (CAL) announced today a major order for Boeing's new 777X airplanes, becoming the first Taiwanese carrier to acquire the latest-generation model. The deal includes 10 Boeing 777-9 passenger... more
AirlinesITA Airways: the BoD approves the 2024 Financial Statement Project
EBIT positive for the first time at 3 million euros
ITA Airways announces that the Board of Directors, in its meeting on March 27, approved the Consolidated Financial Statement Project for the 2024 financial year, whose main results are represented below: Revenues:... more
AirlinesAmerican Airlines takes JetBlue to Court: the two air carriers have a final breakup
The cause, the funds owed by the failed alliance attempt in the northeast
After unsuccessful negotiations for a new partnership, the Fort Worth-based carrier is taking legal action to recover outstanding amounts related to the Northeast Alliance, which a court has ruled illegal more
AerospaceAirbus reports First Quarter (Q1) 2025 results
136 commercial aircraft delivered
Airbus reported consolidated financial results for its First Quarter (Q1) ended 31 March 2025.The highlights are: 136 commercial aircraft delivered; Revenues € 13.5 billion; EBIT Adjusted € 0.6 billion;EBIT (repo... more
AirportsAntalya Airport: long-term refinancing of EUR 2.5 bn secured
Through international banking group
Fraport TAV Antalya Yatırım Yapım ve İşletme A.Ş., a joint-venture between Fraport AG and TAV Airports Holding for the operation of Antalya Airport (AYT) on the Turkish Riviera, has successfully compl... more
AirlinesDelta Air Lines speeds past tariffs: old strategy to dodge new A-350 tax
Import tariffs circumvented by turning a delivery flight into a commercial one
Delta Air Lines appears to be reintroducing a tried-and-true strategy to avoid costly import duties on European-made Airbus aircraft. The airline reportedly plans to receive a new A-350/900, subject to... more
AirportsTrieste Airport, 2024 financial statements approved by shareholders' meeting
The board of directors and president Antonio Marano were also confirmed
Trieste Airport is experiencing an important period of growth, strengthening its strategic role in the North-East of Italy. This was also confirmed by the 2024 financial statements, approved on 29 April... more
AirlinesCMA CGM finalizes acquisition of Air Belgium cargo operations
124 jobs out of 401 saved, including 72 pilots; brand preserved
The French maritime logistics giant expands its air division by taking over the cargo operations of the Belgian carrier that was officially declared bankrupt today by the Walloon Brabant Commercial Court more
AirlinesTurkish Airlines and Pegasus give up slots at Tel Aviv Airport
After the suspension of flights in 2023, today the farewell is definitive. Yesterday it was Virgin Atlantic that left
Turkish airport sources confirm the decision of Turkish Airlines and low-cost carrier Pegasus Airlines not to resume flights to Tel Aviv's "Ben Gurion Airport", permanently renouncing the slots (the time... more
AirlinesLufthansa Group: results in the 1Q announced
And confirmed positive outlook for the full year
The Lufthansa Group announced today the financial results regarding the 1Q.The highlights are: Group revenue rises by 10 percent to 8.1 billion euros in the first quarterAdjusted EBIT improves by 127... more