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Sep 13, 2012

Airbus ministers seek delay to EU emission trade scheme -Hintze

BERLIN, Sept 11 (Reuters) – Aerospace officials of the
European countries where Airbus makes its planes will
push for a delay to the start of the European Union’s Emission
Trading System (ETS) to avert retaliation from China, an
official said on Tuesday.

The German government official in charge of aerospace
policy, Peter Hintze, said after a meeting of the so-called
Airbus ministers from Britain, France, Germany and Spain that
they would propose to their national governments that payments
under the ETS should be delayed beyond the planned April start.

Sep 13, 2012

BAE talks show defence sector’s civil appetite

BERLIN, Sept 13 (Reuters) – Merger talks between Airbus
owner EADS and Britain’s BAE Systems highlight
the scramble for defence companies to offset shrinking revenues
from military budget cuts with more commercial civilian
activities.

In what could produce the biggest shake-up in Europe’s
aerospace and defence sector in more than a decade, the two
companies said on Wednesday they were in advanced talks, just as
global aerospace companies discussed ways to compensate for
elusive defence contracts at the ILA Berlin Air Show.

Sep 11, 2012

Airbus ministers seek suspension of EU emissions plan

BERLIN (Reuters) – Aerospace officials of the European countries where Airbus makes its planes will push for a suspension of the European Union’s Emission Trading System (ETS) for airlines to avert retaliation from China, officials said on Tuesday.

“Airbus has left us with no doubt that the threat of retaliatory action is a clear and present danger to its order list,” Michael Fallon, new business minister in Britain, said at the ILA Berlin Air Show on Tuesday.

Sep 11, 2012

Airbus ministers seek delay to EU emission trade scheme

BERLIN (Reuters) – Aerospace officials of the European countries where Airbus makes its planes will push for a delay to the start of the European Union’s Emission Trading System to avert retaliation from China, officials said on Tuesday.

“Airbus has left us with no doubt that the threat of retaliatory action is a clear and present danger to its order list,” Michael Fallon, new business minister in Britain, said at the ILA Berlin Air Show on Tuesday.

Sep 10, 2012

Airshow: Airbus CEO warns A380 sales target tough to reach

BERLIN (Reuters) – Airbus’s (EAD.PA: Quote, Profile, Research, Stock Buzz) chief executive said a sales target for the European planemaker’s A380 superjumbo will be tough to reach after wing cracks put off prospective customers.

“We have a target of 30 aircraft but we probably will have some difficulty reaching it,” Fabrice Bregier told journalists late on Monday, a day before the ILA Berlin Air Show opens.

Sep 10, 2012

Airbus CEO warns A380 sales target tough to reach

BERLIN, Sept 11 (Reuters) – Airbus’s chief
executive said a sales target for the European planemaker’s A380
superjumbo will be tough to reach after wing cracks put off
prospective customers.

“We have a target of 30 aircraft but we probably will have
some difficulty reaching it,” Fabrice Bregier told journalists
late on Monday, a day before the ILA Berlin Air Show opens.

Sep 9, 2012

Berlin air show to give glimpse of delayed airport

BERLIN, Sept 10 (Reuters) – The ILA Berlin Air Show this
week will bring some long-awaited action to the city’s new
airport, a source of embarrassment to Germany’s capital
following multiple delays to its opening.

A spotless new runway, so far unused for commercial flights,
will finally feel the burn of rubber as flying displays show off
aircraft including the Eurofighter jet and Eurocopter’s new
high-speed helicopter X3.

Aug 2, 2012

Global manufacturers feel squeeze from China slowdown

FRANKFURT/TOKYO (Reuters) – Investors hoping the corporate earnings season would signal a turning point in China’s economic slowdown have been largely disappointed, with big manufacturers joining consumer companies to warn of flagging sales in the world’s No.2 economy.

Whilst the latest quarterly results deluge has delivered some positive surprises – with U.S. industrial companies mostly reporting a better-than-expected performance at home – the motor of global growth in recent years continues to stutter.

Aug 2, 2012

Lufthansa curbs growth again as big fuel bill looms

FRANKFURT (Reuters) – Deutsche Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) pulled back further from plans to lift capacity and expand its passenger fleet to safeguard profits threatened by soaring fuel prices.

The German carrier said on Thursday it would offer only 0.5 percent more seats this year instead of 1 percent, having already shrunk its growth plans several times in recent months.

Jul 10, 2012

German transport firms turn offshore headache into profits

BRANDE, Denmark/BREMERHAVEN, Germany, July 10 (Reuters) -
A ndreas Wellbrock is proud of his pontoon.

The floating vessel transports gigantic tripods -
reminiscent of rusty space rockets – through the harbour of
Bremerhaven, a German port city located on the North Sea.