Tim's Feed
Sep 17, 2014

Airbus strategy chief Lahoud rules out bid to be Safran CEO

PARIS, Sept 17 (Reuters) – Airbus Group strategy
chief Marwan Lahoud indirectly ruled himself out as the next
chief executive of French engine maker Safran on
Wednesday, dampening recurring media speculation that he could
leave Europe’s largest aerospace group.

Lahoud, 48, the architect behind recent changes in Airbus
Group governance limiting the influence of governments, is often
seen as a potential high-flyer outside the group he helped to
found and has repeatedly been linked in the press with Safran.

Sep 16, 2014

Airbus says in final stages of A320neo ground tests

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) is conducting the final stage of ground trials as it edges toward the keenly-awaited first flight of its revamped A320neo aircraft, the planemaker said on Tuesday.

The first test aircraft is on the “final run-in” toward its maiden flight, a spokesman said in answer to a query, but added it was too early to predict an exact date.

Sep 16, 2014

Airbus to sell off business units in defense and space review

BERLIN/PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros ($2.6 billion), simplifying its Defense and Space division to focus on warplanes, missiles, launchers and satellites.

Announcing the results of a portfolio review, Europe’s largest aerospace group signaled a break with previous efforts to diversify into security activities and a halt to investment in defense electronics, in which it lacks the scale of rivals.

Sep 15, 2014

Rosetta team picks spot for historic comet landing

BERLIN/PARIS, Sept 15 (Reuters) – A team of scientists
identified on Monday the point on the surface of a comet, known
as “Site J,” where they aim to land a probe in what would be a
historic breakthrough for their decade-long project.

The probe or lander will be dispatched from the Rosetta
spacecraft, which was launched by the European Space Agency
(ESA) in 2004 and has been tracking comet
67P/Churyumov-Gerasimenko on its trip around the sun.

Sep 12, 2014

Dealmaking picks up as German defence firms react to budget cuts

FRANKFURT/PARIS, Sept 12 (Reuters) – Several German defence
groups are in talks that could lead to a consolidation of the
industry as it struggles with overcapacity and steep cuts in
European defence spending.

Steel group ThyssenKrupp has started approaching
potential buyers for its submarine unit HDW – including French
peer DCNS, sources familiar with the situation told Reuters.

Sep 12, 2014

Qatar to take Airbus superjumbos; questions remain about A320 test

PARIS (Reuters) – Europe’s Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) has lifted a stumbling block to delivery of the world’s largest jetliner to Qatar but faces the growing prospect of delays for the first flight of its newest small jet, the A320neo, several people familiar with the matter said.

After a three-month dispute that had blocked the delivery of the first of ten A380 superjumbos ordered by Qatar Airways, the Gulf airline has agreed to take the new jet, they said.

Sep 11, 2014

Boeing, Airbus seriously studying speeding factories

WASHINGTON, Sept 11 (Reuters) – Boeing Co and
European rival Airbus said on Thursday they are both
considering seriously whether to make their best-selling
narrow-body jetliners at faster rates, news that may cheer
investors in the short term but could raise longer-term market
concerns.

Airbus is studying whether to increase production of its
best-selling A320-family aircraft beyond the record level of 46
jets a month already targeted for 2016, and a decision could
come by year-end, Airbus Americas President Barry Eccleston told
the Reuters Aerospace and Defense Summit in Washington.

Sep 11, 2014

Airbus gets Qatar A380 okay, but questions on A320 test

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) and Qatar Airways have resolved a three-month old dispute that had been blocking the delivery of the first of ten A380s ordered by the Gulf airline, industry sources said.

Airbus declined to comment.

Qatar Airways, which had refused to take delivery of the first three aircraft, citing concerns about the quality of the cabin interior, was not immediately available for comment.

Sep 11, 2014

Air France-KLM sees profit boost from new strategic plan

PARIS, Sept 11 (Reuters) – Air France-KLM pledged
to improve its core earnings by 8 to 10 percent a year through
2017 as part of a new strategic plan combining an assault on the
European leisure market with efforts to improve its appeal to
long-haul travellers.

The Perform 2020 plan calls for new planes for its Transavia
low-cost unit in Europe, coupled with further restructuring of
loss-making activities. Details were released ahead of an
investor meeting later on Thursday.

Sep 10, 2014

U.S. Ex-Im bank would back Airbus sales -Hochberg

WASHINGTON, Sept 10 (Reuters) – The U.S. Export-Import Bank
would provide financing for exports of Airbus Group
jetliners, provided they were assembled in the United States
with sufficient content from domestic suppliers, the bank’s head
said on Wednesday.

“We’re about U.S. jobs,” Ex-Im Bank President Fred Hochberg
told the Reuters Aerospace and Defense Summit in Washington.