Tim's Feed
Oct 29, 2014

Air France-KLM sees more belt-tightening after pilot strike

PARIS, Oct 29 (Reuters) – Air France-KLM said it
would limit investments and accelerate cost controls next year
to mop up the remaining impact of a recent pilots’ strike that
helped slash its operating profit by more than half in the third
quarter.

Europe’s second-largest network carrier by revenues said the
interim measures were needed to secure a smooth transition
between two successive turnaround plans, after the cash-draining
strike slowed down its progress towards debt reduction.

Oct 24, 2014

Strike costs, oil effect in focus for Europe’s airlines

BERLIN/PARIS, Oct 24 (Reuters) – Europe’s airlines will feel
the full benefits of lower oil prices only next year and third
quarter results from Lufthansa and Air France-KLM
will show the damage done by recent strikes.

After years of painful adjustment to high fuel costs, the
recent drop in oil prices may seem an obvious windfall for
airlines but hedging strategies and currency effects soften its
impact and some analysts fear it could herald an era of falling
yields.

Oct 23, 2014

Outgoing Thales CEO says new focus to hold as orders rise

PARIS, Oct 23 (Reuters) – The outgoing head of France’s
Thales sought to reassure investors that a new global
focus at the aerospace and defence group was irreversible, as he
unveiled his last quarterly figures containing a boost from
developing economies.

The company on Thursday reported flat nine-month revenue and
3 percent growth in orders, kept aloft by a 10 percent rise in
the intake from emerging markets as European defence cuts bite.

Oct 23, 2014

Engine parts supplier questions case for Airbus A380 upgrade

BERLIN/PARIS, Oct 23 (Reuters) – The case for developing new
engines for a sales-boosting upgrade to Airbus’s A380 passenger
jet has been called into question by a partner in one of the
planemaker’s engine suppliers.

A lean sales patch has increased pressure on Airbus
to bow to the demands of its biggest customer – Dubai’s Emirates
airline – for new engines for the 525-seat A380, the world’s
largest airliner, to improve its efficiency after the recent
launch of rival Boeing’s 406-seat 777X.

Oct 23, 2014

Safran shares rise on third-quarter revenues, confident outlook

PARIS (Reuters) – France’s Safran (SAF.PA: Quote, Profile, Research, Stock Buzz) posted solid third-quarter sales and said it would easily meet 2014 profit forecasts on Thursday, pushing its shares up as aerospace investors put aside recent concerns over the economy.

The maker of aero engines, defense and security equipment said the commercial aviation market, which has generated record production levels as airlines upgrade their jets to reduce their fuel bills, remained “very active”.

Oct 23, 2014

Safran shares rise on Q3 revenues, confident outlook

PARIS, Oct 23 (Reuters) – France’s Safran posted
solid third-quarter sales and said it would easily meet 2014
profit forecasts on Thursday, pushing its shares up as aerospace
investors put aside recent concerns over the economy.

The maker of aero engines, defence and security equipment
said the commercial aviation market, which has generated record
production levels as airlines upgrade their jets to reduce their
fuel bills, remained “very active”.

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.