Tim's Feed
Jan 29, 2015

Airbus in new shake-up of ‘critical’ A400M army plane project

PARIS/MUNICH, Jan 29 (Reuters) – Airbus Group shook
up the management and the organisation of the A400M military
transport programme on Thursday after the latest in a long
series of delays and technical problems to beset Europe’s
largest defence project.

Chief Executive Tom Enders acted two days after apologising
in Britain over the delays and promising to apply internal
“consequences,” in an effort to stabilise a programme facing
possible new financial charges.

Jan 27, 2015

Exclusive: AirAsia probe vets possible computer glitch, crew response

SINGAPORE/PARIS (Reuters) – Investigators probing the crash of an AirAsia jetliner are examining maintenance records of a key part of its automated control systems, and how the pilots may have handled the plane if it failed, two people familiar with the matter said.

An outage of the twin Flight Augmentation Computers (FAC) could not have directly caused the Dec. 28 crash, experts say, but without them the pilots would have had to rely on manual flying skills that are often stretched during a sudden airborne emergency.

Jan 26, 2015

Turkish Airlines in talks for around 10 Airbus A380s -sources

PARIS/ISTANBUL, Jan 26 (Reuters) – Turkish Airlines
is in negotiations to obtain 10 or more Airbus A380
jets in a deal potentially worth $4 billion based on a direct
purchase at catalogue prices, two people familiar with the
matter said.

A deal, if finalised, would be the first airline order for
the double-decker jet since Dubai’s Emirates boosted its order
at the Dubai Airshow in November 2013, but the people cautioned
there had been false alarms about a Turkish order in the past.

Jan 22, 2015

BOC Aviation says repo row could hurt SpiceJet

DUBLIN (Reuters) – India faces growing pressure over financial uncertainty at budget carrier SpiceJet after leasing company BOC Aviation demanded the return of three leased aircraft, in what is seen as a test of global rules on aircraft investments.

The leasing arm of Bank of China warned in an interview that India’s fast-growing airline industry could struggle to attract funds unless India upholds a pact designed to protect the owners of leased jets, widely used across the world.

Jan 22, 2015

BOC says repossession row could hurt Indian airlines

DUBLIN, Jan 21 (Reuters) – India faces growing pressure over
financial uncertainty at budget carrier SpiceJet after
leasing company BOC Aviation demanded the return of three leased
aircraft, in what is seen as a test of global rules on aircraft
investments.

The leasing arm of Bank of China warned in an interview that
India’s fast-growing airline industry could struggle to attract
funds unless India upholds a pact designed to protect the owners
of leased jets, widely used across the world.

Jan 22, 2015

Europe business leaders cautious on ECB plan, may delay reforms

DUBLIN/FRANKFURT (Reuters) – Business leaders in Europe gave a mixed welcome to the European Central Bank’s moves to bolster growth and inflation in the euro area on Thursday, with many – especially in Germany – concerned the program could delay unpopular economic reforms.

The ECB launched a government bond-buying program despite opposition from Germany’s Bundesbank and concerns in Berlin. Supporters say it will get credit flowing to boost growth.

Jan 22, 2015

Top aviation lessor fears ECB plan may delay reforms

DUBLIN (Reuters) – The head of Europe’s largest specialist aviation finance firm has criticised plans by the European Central Bank to inject tens of billions of euros into the eurozone economy, saying it could delay urgently needed reforms.

Aengus Kelly, chief executive of Amsterdam-based aircraft leasing company AerCap, warned that some companies would take unnecessary risks due to the flood of cheaper money while weaker ones would try to muddle through without restructuring.

Jan 21, 2015

Boeing exec sees strong demand for 737 MAX, confident on 777

DUBLIN, Jan 21 (Reuters) – Demand for fuel-efficient
narrowbody jetliners like the Boeing 737 MAX remains
“very strong” despite the recent oil price slump, the
planemaker’s top salesman said on Wednesday.

Although lower oil prices might make some airlines hesitate
about upgrading their fleets, the overall boost to the economy
from cheaper energy is sustaining new jet demand, he said.

Jan 19, 2015

Oil price fall gives lease of life to old planes

DUBLIN, Jan 19 (Reuters) – The slump in oil prices has given
a new lease of life to passenger jets that until recently were
destined for the scrap yard, aircraft financiers said on Monday.

Aircraft such as the four-engined Airbus A340 or earlier
models of the Boeing 747 which have been sentenced to desert
storage or to be dismantled, are winning a stay of execution
because lower oil prices make them economic for some carriers.

Jan 16, 2015

Exclusive: GE finances first A350 powered by rival Rolls-Royce

PARIS (Reuters) – When the Airbus (AIR.PA: Quote, Profile, Research) A350 jet made its commercial debut with Qatar Airways this week, the event marked a milestone for engine supplier Rolls-Royce (RR.L: Quote, Profile, Research) — but slipping unnoticed under the radar with financing was its arch-rival General Electric (GE.N: Quote, Profile, Research).

Although powered by the latest generation of Rolls-Royce (RR.L: Quote, Profile, Research) engines, the first of a new series of jets on which the company has bet its civil business is owned by GE’s aircraft leasing arm GECAS, Reuters has learned.