Tim's Feed
Oct 21, 2014

After huge jet orders, budget airlines eye rich seam of aircraft leasing

SINGAPORE/PARIS, Oct 22 (Reuters) – From Scandinavia to
Southeast Asia, low-cost airlines have ordered record numbers of
planes in recent years, redefining the jet industry. Now they
plan to lease out scores of their new planes, re-ordering the
aviation business all over again.

Between them, Indonesia’s Lion Air, Malaysia’s AirAsia
and Norwegian Air Shuttle have ordered more
than 1,400 Airbus and Boeing jets, worth about
$140 billion at current list prices. They’re about to test the
growing market for rented planes, competing with established
finance firms that lease out aircraft to cash-strapped carriers
from China to the United States.

Oct 19, 2014

The $40 bln jet buying spree – IndiGo’s big bet

NEW DELHI/PARIS, Oct 19 (Reuters) – Almost four years ago a
handful of people gathered in Airbus sales chief John
Leahy’s spacious country house outside Toulouse and argued long
into the evening over curry and cigars.

Last weekend they met up again at a Parisian hotel for more
haggling, with breaks taken at a nearby cafe where the
informality of old business friendships mingled with hard-nosed
negotiations typical of the aircraft industry.

Oct 15, 2014

Airbus A350 cleared to fly record distance on one engine

PARIS/NEW YORK (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) has won permission for its twin-engined A350 to fly more than six hours on one engine in the event of a breakdown, a key approval that allows its new long-haul jet to fly almost any passenger route.

The European Aviation Safety Agency granted the Airbus jet Extended Operations, known as ETOPS, of “beyond 180 minutes”, but will allow pilots to fly the A350 for up to 370 minutes if one engine shuts down, Airbus said.

Oct 15, 2014

Airbus to pass 1,000 net orders after IndiGo deal – executive

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) looks set to exceed 1,000 net orders this year after securing a provisional deal with Indian carrier IndiGo for 250 revamped A320neo jets, its sales chief said on Wednesday.

In the first nine months of 2014, Airbus lagged rival Boeing (BA.N: Quote, Profile, Research) with 791 net orders. Gross orders, before adjustments for model conversions or cancellations, stood at 1,077 aircraft.

Oct 15, 2014

Airbus to pass 1,000 net orders after IndiGo deal: exec

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) looks set to exceed 1,000 net orders this year after securing a provisional deal with Indian carrier IndiGo for 250 revamped A320neo jets, its sales chief said on Wednesday.

In the first nine months of 2014, Airbus lagged rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) with 791 net orders. Gross orders, before adjustments for model conversions or cancellations, stood at 1,077 aircraft.

Oct 15, 2014

IndiGo agrees record 250 Airbus jet order

NEW DELHI/PARIS (Reuters) – Indian budget airline IndiGo has agreed to buy 250 A320 planes from Airbus (AIR.PA: Quote, Profile, Research), a purchase that could be worth nearly $26 billion and rank as the largest single order of jets from the European planemaker.

India’s biggest airline is expanding aggressively as it seeks to win more market share in one of the world’s fastest growing aviation markets and cement its position as the country’s only profitable carrier.

Oct 15, 2014

Indian airline IndiGo agrees record 250 Airbus jet order

NEW DELHI/PARIS, Oct 15 (Reuters) – Indian budget airline
IndiGo has agreed to buy 250 A320 planes from Airbus, a
purchase that could be worth nearly $26 billion and rank as the
largest single order of jets from the European planemaker.

India’s biggest airline is expanding aggressively as it
seeks to win more market share in one of the world’s fastest
growing aviation markets and cement its position as the
country’s only profitable carrier.

Oct 9, 2014

French court suspends Airbus insider trading trial

PARIS (Reuters) – French judges on Friday effectively suspended a trial involving allegations of insider trading in the shares of Airbus Group to allow a higher court to rule on whether the long-awaited procedure was constitutional.

The latest abrupt twist in one of the most high-profile corporate cases of recent years came after defense teams urged the French court system to take note of a recent European judgment upholding the right not to be tried twice.

Oct 9, 2014

CFM begins flight tests of new jet engine -sources

PARIS, Oct 9 (Reuters) – Transatlantic aero engines joint
venture CFM International has begun flight testing of its
LEAP-1C engine, which is being developed for China’s new C919
jetliner, industry sources said on Thursday.

The move marks a milestone not only for Chinese planemaker
Comac, but also for Europe’s Airbus, which plans to use
a very similar version of CFM’s new LEAP engine as one of the
choices for its upgraded A320neo aircraft.

Oct 7, 2014

Airbus sets out plans to reduce Dassault stake

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) on Tuesday sketched out the opening steps of a plan to unwind its 46 percent holding in Dassault Aviation (AVMD.PA: Quote, Profile, Research, Stock Buzz), saying it was weighing the possibility of selling a 10 percent stake by placing it with financial institutions.

The European planemaker’s chief spokesman said such a move, if it went ahead, would be combined with a further reduction of the company’s shareholding by taking part in a share buyback being prepared separately by Dassault Aviation.