Finance and economy
3,106 news found
AirlinesEuropean airport sector recovery exceeds expectations
Record results for continental airports in the Summer months
Recent data published by Aci Europe indicate a significant recovery in travel by airplanes, with European airports seeing an annual increase of over 5% in the Summer months of July and August, exceeding... more
AirlinesSpirit Airlines heading for Chapter 11 after rejecting merger with JetBlue?
American low-cost carrier weighs options to avoid bankruptcy
Spirit Airlines, an American low-cost carrier, is facing serious financial difficulties that could lead to bankruptcy. After the collapse of negotiations to merge with JetBlue Airways, Spirit has been... more
AirlinesKLM tightens its purse strings and announces new cuts and spending reductions
The commitment to renew the fleet remains: a billion-dollar investment
KLM today announced measures to structurally improve the company's operational and financial performance. These measures include increasing productivity, simplifying the organization, reducing costs, and... more
AirlinesAci Europe. Draghi report puts back transport on the radar screen
With clear priorities for sustainable infrastructure development
Reacting to the publication yesterday of the Draghi report on "The future of European Competitiveness", ACI EUROPE endorsed its analysis of the transport sector and welcomed its proposals to tackle the... more
AirportsFraport divests its stake in Delhi Airport
Transaction scheduled for conclusion in the 1Q2025 -VIDEO
Fraport AG is selling its stake in Delhi Airport (DEL), India. Under the agreement signed today (September 9), Fraport is selling its entire 10.0 percent stake in Delhi International Airport Limited (DIAL)... more
Civil aviationIata: IVL increase will hurt NZ's travel and tourism sector
The Association expressed disappointment with this decision
The International Air Transport Association (IATA) expressed disappointment with the New Zealand Government's decision to increase the International Visitor Conservation and Tourism Levy (IVL). The recovery... more
Civil aviationBoeing has a new CEO: Kelly Ortberg
Rumors confirmed; Will lead reforms after Calhoun's exit
The US Boeing Group has appointed Robert Kelly Ortberg as its new CEO and president, thus confirming the latest rumors. The former executive of the Rockwell Collins company (now part of Collins Aerospace)... more
AirlinesBeirut airports: airlines stop flights
About ten carriers suspend operations due to Israel-Lebanon escalation
Flights cancelled for days or weeks at Beirut's "Rafik Hariri" international airport. This is a choice made by numerous global airlines operating at the Lebanese stopover. The reason? The crisis in the... more
Civil aviationMiddle East: high tension Israel-Lebanon
Meloni: "Tel Aviv must not react militarily to provocations"
Tension remains high in the Middle East. Tonight, Israeli Defense Forces (IDF) planes hit around ten Hezbollah targets in seven different areas of southern Lebanon. Yesterday Turkey threatened Tel Aviv... more
AirlinesItaly. Ancona Airport: among the top destinations
This was communicated by the German Lufthansa which monitors Summer tourism
The Italian "Raffaello Sanzio" international airport of Ancona-Falconara is among the top destinations in the world for the number of tourists transported by the German airline Lufthansa. The Marche region... more
AirportsItaly. Genoa Airport: skip the MSC entrance
The board of directors resigned; appointment on September 10th
The Genoa Chamber of Commerce has blocked the proposed purchase of 15% of the Genova Airport company by the Mediterranean Shipping Company (MSC) maritime group. The second largest shareholder (holds 25%)... more
AirlinesEU CJ confirms lawfulness of the loan granted to Austrian Airlines in 2020
For EUR 150m; the Court dismisses the action brought by two carriers
On 23 June 2020, Austria notified the Commission of an aid measure in the form of a subordinated loan (convertible into a grant) of €150 million in favour of Austrian Airlines (AUA), which is part of t... more
Civil aviationOlympic Games (2): air taxi tests in Paris
French State Council authorizes eVtol Volocopter testing
Green light for testing of air taxis during the Paris 2024 Olympic and Paralympic Games (from 26 July to 11 August, and from 28 August to 8 September). The green light has arrived in recent days from the... more
DefenseLondon confirms commitment to Gcap aircraft
Crosetto (Italian Defense): "Agreement goes beyond industry, we defend our allied countries"
The new UK government, led by British Prime Minister Keir Starmer, had said it wanted to reconsider London's commitment to the Global Combat Air Program (GCAP) due to a review of the national defense budget.... more
AirlinesAir France-KLM below expectations
The quarterly operating result does not discourage investors
The operating profit of the Franco-Dutch Air France-KLM group fell to 513 million euros. These are the financial data for the second quarter of 2024. It is a worse result than expected, but one that has... more
AirportsItaly. Naples Airport: traffic is normal
Solved technical IT problem encountered today at dawn
The "Ugo Niutta" international airport of Naples-Capodichino is back fully operational. In fact, at dawn today, a technical problem with the IT system caused widespread slowdowns in the embarkation and... more
AccidentsThe fatal accident that retired the Concorde airplane
24 years after the tragedy in France in which 113 people lost their lives -VIDEO
About 100 passengers, nine crewmembers (including two pilots and six flight attendants) and four people on the ground in a hotel had died. This is the death toll of the accident involving the Concorde... more
AirlinesCologne Airport: dozens of flights delayed and cancelled
Stopover returns to operation after environmentalist protest
The German international airport "Konrad Adenauer" in Cologne-Bonn is back in operation. Departing and arriving flights were suspended at dawn due to a protest by environmentalists from the Last Generation... more
AirlinesAirbus and partners invest in Sustainable Aviation Fuel financing fund
The commitment from the seven ones is amounting to about USD 200 million
Airbus, the Air France-KLM Group, Associated Energy Group, LLC, BNP Paribas, Burnham Sterling, Mitsubishi HC Capital Inc. and Qantas Airways Limited co-invested in a Sustainable Aviation Fuel (SAF) financing... more
AirlinesAgreement on Italian vertiports
MoU signed between Sea Airports, Skyports and Lilium air taxis
A Memorandum of Understanding was signed today between the German air taxi manufacturer Lilium and a company (newco of Sea Aeroporti and Skyports) which will build and manage the vertiports in Lombardy... more
DefenseMBDA announces new missile effector
It will be marketed in different variants to meet customer needs
The European consortium MBDA, specialized in the production of missiles and components, has announced that the new effector (on-board technological system) of anti-drone weapons, recently tested, will... more
AirlinesItaly. Cagliari airport: passengers enraged by delays
Planes were reported to have taken off and arrived almost five hours after the scheduled time
Passengers also sat on the floor waiting for their plane to take off or arrive at the Italian "Mario Mameli" airport in Cagliari and reported delays of almost five hours. It is what we read on the timetables... more
AirportsItaly. Pisa Airport: expansion works underway
A new building will be built, it will constitute the future arrivals terminal
The modernization and expansion works of the "Galileo Galilei" international airport in Pisa are underway. On Monday 22 July 2024 the workers of Toscana airport construction (an in-house company of the... more
DefenseUSA slows down on new generation fighters
An ambitious project that weighs too heavily on the country's economic budget
The project is too ambitious and costs too much. For this reason, the Next Generation Air Dominance (NGAD) program, which involves the development of a sixth generation warplane for use by the US armed... more
AirlinesDoors open for "Farnborough" 2024
According to the organizers there will be around 75,000 visitors and enthusiasts
The "Farnborough International Airshow" 2024 opens today. This year's edition takes place from 22 to 26 July 2024 at the International Exhibition & Conference Center of the British airport of the same... more
AirlinesITA-Lufthansa: wedding operational in four months
Turicchi: "Three important steps are expected: two concern remedies, the other governance"
Within the next few months the national carriers ITA Airways and Lufthansa will have to finalize their marriage. How? Making operational the package of remedies proposed by the two spouses in Brussels,... more
AirlinesAir India is focusing on aircraft with latest generation interiors
The first A-320neo aircraft with a renovated cabin entered service in the last few hours
New livery and a completely renovated cabin with latest generation interiors. The first narrow-body aircraft of the national carrier Air India entered service in the last few hours. It is the A-320neo... more
AirportsIn Geneva, those who delay pay
Fines to airlines for intercontinental delayed flights
Who is late pays. This is the mantra that the managers of Geneva international airport repeat to themselves. After testing the initiative in 2023, the measure has now entered into force permanently: air... more
DefenseBrussels relaunches common defense
Von der Leyen: "Let's work together on a European air shield"
Cybernetics, common defense, migrants, rearmament, ecology, border security, united Europe: these are the main themes addressed in the keynote speech by Ursula von der Leyen, who will preside the European... more
AerospaceNASA cancels lunar rover development
It had cost 450 million dollars to date
The construction program for a new lunar rover has been canceled due to cost overruns and delays. It was announced by the National Aeronautics and Space Administration (NASA). Development of the next-generation... more
AirportsItaly. Reorganization of 2i Aeroporti: signature expected today
According to rumors, the Canada Pension Plan could still be included in the game
The official signature on the purchase and sale documents of 49% of the Italian 2i Aeroporti holding company is expected today. The buyer is the Spanish fund Asterion Industrial Partners which deals with... more
AirportsItaly. Reorganization 2i Aeroporti (2): who is Asterion
Sustainability, ecological transition, sustainable mobility and much more
One billion Euros, 63 million passengers and 758,000 tons of goods. This is the turnover generated by the Italian company 2i Aeroporti, of which the Spanish investment fund Asterion Industrial Partners,... more
AirportsItaly. Reorganization of 2i Aeroporti: it's official, 49% to Asterion
Advisor has chosen a Spanish financial fund as buyer
The Spanish financial fund Asterion Industrial Partners would have officially acquired 49% of the 2i Aeroporti holding. The news confirms the rumors that have filtered through the Italian media in the... more
AirlinesITA-Lufthansa: if Italy makes Germany fly
Economies of scale and long-range intercontinental routes for a lasting relaunch
The finances of the German Lufthansa Group in the first half of 2024 are not brilliant, but the purchase of the Italian carrier ITA Airways could allow the airline to improve the Group's situation. There... more
AirlinesItaly. Ancona Airport: the service worries the unions
CGIL, CISL, UIL: "The company risks crisis again due to lack of liquidity"
The operational and financial situation of the "Raffaello Sanzio" Italian airport of Ancona-Falconara worries the unions. From the point of view of the transport service, the territorial continuity flights... more
AirlinesLufthansa ends 1H2024 in the red
However, the Group estimates that it will finish the year on a positive note
A loss of 427 million euros in the first half of 2024, an estimate of adjusted operating profits that fluctuates between 1.4 and 1.8 billion euros at the end of the year. These are some of the most significant... more
AirportsItaly. Salerno Airport: Basilicata maintains its share
The airport's shareholder consortium will not cede 6.7%.
The Basilicata Region will not sell the 6.7% stake held in the Salerno-Pontecagnano airport consortium, chaired by Anna Ferrazzano. It is an Italian public company created to allow the complete implementation... more
AirportsItaly. Cagliari Airport: the crux of the Court of Auditors
Judges believe that the Privatization should be linked to a public tender procedure
The creation of a single-managed Sardinian airport network would be tied to a public procedure, according to what the Italian Court of Auditors said months ago. It is necessary to keep this in mind now... more
AirlinesSouth Italy. Salerno airport inaugurated
Salvini (Transport): "The airport system will bring thousands of jobs to the area"
The Campania airport of Salerno-Costa d'Amalfi returned to operation today after years of closure. This morning, Thursday 11 July 2024, a plane landed from Milan-Malpensa airport (flight EJU3609) and operated... more
DefensePre-agreement between Israel and Hamas
Towards ceasefire; a pact for interim government
A ceasefire in the Middle East is an increasingly real possibility. This means that the truce is closer and that we are looking at post-conflict political management with renewed hope. This is what emerges... more
AirlinesItaly. Sardinia air transport: "Stop municipal boarding tax"
Regional councilor Truzzu (FdI) announces presentation of motion
The municipal surcharge introduced at various airports for the boarding of passengers in Italy remains among the most discussed issues in the air transport sector. A political controversy that fuels parochialism... more
AirportsItaly. 49% of 2i Airports to Asterion
The sales procedure was launched at the end of 2023
The Spanish fund Asterion Industrial Partners, an investment management company specializing in European infrastructure, would have been awarded a 49% share of the italian holding 2i Aeroporti. The stake... more
AirportsItaly: tourism at +12% in Summer
The estimates of the International Tourism Exchange (Bit)
In the Summer, traffic at Italian airports deriving from international air connections should record a +12% in arrivals: a sector driven by long-haul flights from the United States (+14%) and medium-haul... more
AirlinesLufthansa Cargo appoints a Head of Global Markets
The airline strengthens overall sales with new management position
Effective 15 July, Anand Kulkarni will assume the newly created position of Head of Global Markets at Lufthansa Cargo. In this role, he will lead and manage the sales regions and the Digital Sales department... more
AirlinesITA-Lufthansa: the weight on the stock market of ex-Alitalia
The sword of Damocles of summaries hangs over the wedding, but the title has a positive trend
The marriage with the Italian carrier ITA Airways had a beneficial impact on the share price performance of the German aviation group Lufthansa. However, some questions remain on issues that do not provide... more
AirportsItaly. Salerno airport operational in 24 hours
Borgomeo (Gesac): "It will not be an auxiliary port of Naples"
In less than 24 hours the "Costa d'Amalfi" Italian airport of Salerno will reopen and will return to operation after years of closure. In fact, a flight to the French airport of Nantes-Atlantique is scheduled... more
AirportsSalerno Airport: positive effects on companies
Territory company managers welcome reopening
The return to operation of the Italian airport of Salerno-Costa d'Amalfi will have positive effects on the local economy. The Chamber of Commerce of the Campania city has reiterated this several times... more
AirportsAirport strike in Paris
Scheduled for Wednesday 17 July 2024
A 24-hour national transport strike has been proclaimed in France for Wednesday 17 July 2024. The protest comes, not surprisingly, just nine days before the start of the Paris Olympic Games, which will... more
DefenseRussia would have foiled the theft of a plane
At the center of the action in Kiev is a Tupolev TU-22M3 nuclear bomber
Ukraine reportedly tried in vain to recruit a Russian military pilot to steal a strategic bomber from Moscow. This was announced today by the Federal Security Service of the Russian Federation, better... more
AirlinesBrussels-Lufthansa tug-of-war
In-depth investigation launched into alleged State aid during the pandemic
An investigation has been started by the European Commission to reconstruct the process that led Brussels to give the green light to the six billion euro recapitalization granted by Berlin to the national... more