Tim's Feed
May 29, 2015

Airbus Group starts $150 million venture fund, Silicon Valley base

PARIS (Reuters) – Airbus Group announced the creation of a $150 million venture capital fund and said it had hired a Google executive to run a new center in Silicon Valley as it seeks to wave a digital wand over its heavy-manufacturing culture.

The planemaker said on Friday that Airbus Group Ventures would invest in “disruptive and innovative” technologies worldwide. It will be headed by Tim Dombrowski, 54, formerly a partner at venture capital firm Andreessen Horowitz.

May 29, 2015

Exclusive – Air France faces new safety probe after freighter scare

PARIS (Reuters) – Air France faces its second safety investigation in as many weeks after pilots were forced to recover in mid-takeoff after entering the wrong data into the computer of a cargo jet, airline and safety officials said.

The mistake over the plane’s weight was discovered when the Boeing 777 freighter accelerated too slowly on the runway at Paris Charles de Gaulle airport on May 22.

May 29, 2015

Air France faces new safety probe after freighter scare

PARIS, May 29 (Reuters) – Air France faces its
second safety investigation in as many weeks after pilots were
forced to recover in mid-takeoff after entering the wrong data
into the computer of a cargo jet, airline and safety officials
said.

The mistake over the plane’s weight was discovered when the
Boeing 777 freighter accelerated too slowly on the runway at
Paris Charles de Gaulle airport on May 22.

May 29, 2015

Airbus debates new A320 output hike, suffers test glitch

TOULOUSE (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) is leaning toward a new hike in production of its A320 jet, raising the stakes in a battle with Boeing to translate record orders into tangible deliveries, but has yet to decide on the risks of handling unprecedented volumes.

Europe’s largest aerospace firm indicated the chances were rising that it would increase production targets again just months after setting an output goal of 50 medium-haul aircraft a month by early 2017, compared with 42 a month now.

May 28, 2015

Delta eyes Asia alliances, sees limited U.S. consolidation

TOULOUSE, France (Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) is interested in forging alliances with carriers in Asia, the airline’s president said on Thursday.

Ed Bastian, speaking at a media event in France, also said he expected Italy’s Alitalia to remain part of a transatlantic joint venture with Delta and Air France-KLM (AIRF.PA: Quote, Profile, Research, Stock Buzz) despite its growing ties with new 49 percent shareholder Etihad.

May 28, 2015

Airbus exec says jet market could absorb over 60 A320s a month

TOULOUSE, May 28 (Reuters) – Planemaker Airbus
hinted at further production increases in its popular A320
series on Thursday, saying market demand would justify a leap to
“more than 60 aircraft” a month.

Sales chief John Leahy said anticipated demand already
exceeded the planemaker’s existing production goal of 50 planes
a month and that Airbus was studying further increases.

May 27, 2015

Airbus wins board spat with Spain, to renew CEO

AMSTERDAM (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe’s largest aerospace company consolidated a recent push for political independence.

Europe’s largest aerospace group, whose shareholders include the Spanish, French and German governments, won shareholder support for its choice of Spanish board candidate despite what sources described as behind-the-scenes opposition from Madrid.

May 27, 2015

Airbus asks CEO to stay, faces rift with Spain on board

AMSTERDAM, May 27 (Reuters) – Airbus Group ended
the suspense over the future of its chief executive on
Wednesday, saying its board had asked German-born Tom Enders to
serve for at least one more term after his mandate expires in
2016.

Chairman Denis Ranque announced the move at the start of an
annual shareholder meeting marked by continuing efforts by the
planemaker to demonstrate political independence from its
founding nations while trumpeting European integration.

May 27, 2015

Airbus ready to speed A350 assembly to meet targets

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) is poised to increase assembly of its latest A350 model after getting off to a deliberately slow start to curb risks, the head of Airbus programmes, Didier Evrard, said.

After delivering one aircraft in December and another in the first quarter, Airbus is ready to pick up the pace by delivering about six between now and August, leaving eight more to complete to reach a target of 15 for the whole of 2015.

May 26, 2015

Air France faces probe after jet narrowly avoids mountain

PARIS (Reuters) – French investigators have opened a probe after an Air France jet with some three dozen people on board narrowly avoided hitting the highest mountain in central Africa in early May, according to information published by France’s BEA air accident agency.

The Boeing 777 jet was making a short evening trip from Malabo, the capital of Equatorial Guinea, to Cameroon’s largest city of Douala where it was due to pick up more passengers en route to Paris, when it ran into bad weather on May 2.