Tim's Feed
Dec 17, 2014

Airbus reshuffle prepares planemaker for record jet output

PARIS, Dec 17 (Reuters) – A management reshuffle at Airbus
this week marks another step towards focusing Europe’s
biggest aerospace company on industrial performance rather than
the political interests of key shareholders France and Germany,
industry sources said.

But Tuesday’s announcement also includes a nod towards
national sensitivities, while not letting these dominate the
choice of industrial leadership as Airbus prepares to crank up
production to meet an 8-year waiting list, they said.

Dec 16, 2014

Airbus ops chief resigns, replaced by Tom Williams

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) on Tuesday announced the resignation of the no.2 at its planemaking unit, Chief Operating Officer Gunter Butschek, after 2-1/2 years in the role.

Butschek will be succeeded by Tom Williams, executive vice president in charge of Airbus programs, who will in turn be replaced by A350 program chief Didier Evrard, who has completed development of the company’s newest wide-body jet.

Dec 14, 2014

Commercial aviation’s tragic centenary year highlights new threats

GENEVA (Reuters) – Airlines need co-operation from governments to address security threats raised by aviation disasters this year, but would like to see a quicker relaxation of economic controls, Tony Tyler, head of the International Air Transport Association, said.

The former Cathay Pacific boss, who represents a majority of the world’s airlines, reflected on a turbulent centenary year for commercial aviation, darkened by the disappearance of a Malaysian airliner, the downing of another and the Ebola crisis.

Dec 11, 2014

Exclusive: Emirates raps Airbus for A380 comment, dangles huge order

By Tim Hepher

(Reuters) – The head of Dubai-based airline Emirates has reacted angrily to a suggestion by Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 instead.

Tim Clark, president of Emirates, said he had protested to Airbus after its finance director aired the possibility of ending production of the flagship jet due to poor sales.

Dec 10, 2014

Airbus shares slide 10 pct after 2016 profit warning

BERLIN/GENEVA (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results that year.

The world’s second-largest planemaker after Boeing (BA.N: Quote, Profile, Research) was also forced to call off a ceremony planned for Saturday to deliver its new A350 jetliner to Qatar Airways after the Gulf airline said it was delaying the handover indefinitely.

Dec 10, 2014

Airbus shares slump after 2016 profit warning

BERLIN/GENEVA, Dec 10 (Reuters) – Shares in Airbus
suffered their worst drubbing in more than six years on
Wednesday after the planemaker predicted flat profits in 2016, a
year in which investors had expected it to start feeling the
benefit of new and recently upgraded models.

The world’s second-largest planemaker after Boeing
was also forced to scrap a ceremony to mark the first delivery
of its new A350 jetliner to Qatar Airways on Saturday, after the
Gulf airline said it was delaying the handover indefinitely.

Dec 10, 2014

Report recommends flight tracking, airlines balk at deadline

GENEVA (Reuters) – An aviation industry task force has recommended that airlines should install available flight-tracking systems within 12 months following the disappearance of a Malaysian jetliner with 239 people on board.

But in a sign of the difficulties of agreeing a prompt response to the disappearance of Flight 370, the group representing global airlines, which chairs the industry task force, said it did not believe the deadline was practical.

Dec 9, 2014

EU rattles airlines with proposal to act alone on flight-tracking

PARIS, Dec 9 (Reuters) – The European Union is weighing up
plans to impose flight-tracking unilaterally in response to the
disappearance of a Malaysian jetliner, threatening a backlash
from airlines over timing and costs, people familiar with the
matter said.

The disappearance of Flight 370 in March sparked efforts by
global regulators and the airline industry to agree on systems
to track planes, reviving a stalled recommendation from French
investigators following the crash of an Air France jet in the
Atlantic in 2009.

Dec 5, 2014

Safran taps Petitcolin as next CEO, McInnes as chairman

PARIS, Dec 5 (Reuters) – French aerospace group Safran
on Friday named Philippe Petitcolin as its next chief
executive and Ross McInnes as the future chairman, picking
internal candidates as it seeks to deliver on promises over a
new generation of jet engines.

The decision ends months of uncertainty over the successor
to Jean-Paul Herteman, whose chairman and CEO roles will be
split when he retires on April 23, Safran said after a board
meeting.

Dec 5, 2014

Airbus lags Boeing but faces tense end to order race

PARIS (Reuters) – Europe’s Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) sold 248 jets in November, but remained behind Boeing (BA.N: Quote, Profile, Research, Stock Buzz) as both planemakers accelerated towards what could be a tight finish to their annual order race.

November’s Airbus sales included a total of 120 A320-family aircraft to three unidentified customers.