Tim's Feed
Sep 30, 2014

Airbus wins European approval for its new A350 jet

PARIS, Sept 30 (Reuters) – Planemaker Airbus won European
safety approval on Tuesday for the A350, clearing the main
regulatory hurdle before its newest and most technically
advanced jet can start flying passengers.

The European Aviation Safety Agency said Airbus, the
planemaking unit of Airbus Group, had proved the jet’s
airworthiness in more than 60,000 hours of certification work
including 250 hours spent with safety inspectors in the air.

Sep 26, 2014

Airbus says may win new A380 customer by year-end

TOULOUSE France (Reuters) – Airbus sees a “distinct possibility” of adding at least one new customer for its A380 superjumbo jet before the end of the year, the European planemaker’s sales chief John Leahy told Reuters on Thursday.

Currently, Airbus has a total of 318 orders from 19 customers for the world’s largest passenger jet, which is designed to carry 525 passengers.

Sep 25, 2014

Airbus conducts maiden flight of hot-selling A320neo

TOULOUSE France (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) successfully staged the maiden test flight on Thursday of an upgraded passenger jet on which it expects to generate hundreds of billions of dollars of revenue, buoyed by an increase in the company’s jet demand forecast.

The A320neo touched down in Toulouse, southwest France, 27 years after the original A320 first took to the skies and opened up fierce competition with Boeing’s medium-haul 737 in a slice of the jet market estimated at $2 trillion over 20 years.Powered by a new type of jet engine from Pratt & Whitney (UTX.N: Quote, Profile, Research, Stock Buzz), the A320neo flew for two hours and 22 minutes, kicking off a year of flight trials. The same family of aircraft will also offer a competing engine from CFM International, a joint venture between General Electric (GE.N: Quote, Profile, Research, Stock Buzz) and Safran (SAF.PA: Quote, Profile, Research, Stock Buzz).

Sep 24, 2014

Airbus Group appoints new boss for UK operation

TOULOUSE, France, Sept 24 (Reuters) – Airbus Group announced
a new boss for its UK operations on Wednesday, bringing in a
former executive from French defence and avionics firm Thales
to oversee one of its core European manufacturing
centres and defence markets.

Paul Kahn, 48, was most recently the chief executive of
Thales Canada and has also worked for Ford and the UK
Ministry of Defence, where he reviewed procurement processes.

Sep 24, 2014

Aircraft lessors wary as new rivals crowd into aviation

ISTANBUL (Reuters) – Aircraft leasing companies voiced confidence in steady jetliner demand, but warned new aviation investors that they may take a painful hit when central banks start unwinding their efforts to stimulate the economy.

Deterred by poor returns elsewhere as interest rates remain at rock bottom, new money has been pouring into aviation in the hope of capturing greater profits thanks to a combination of ample liquidity and demand for jets.

Sep 23, 2014

Turkish Airlines says studying more jet purchases

ISTANBUL, Sept 23 (Reuters) – Turkish Airlines is
considering options to increase its fleet of Airbus and
Boeing passenger aircraft, though it has yet to decide on
size or quantity, airline executives told a finance industry
conference.

The Turkish flag carrier has been expanding rapidly in
recent years, placing large plane orders with both U.S.
manufacturer Boeing and Europe’s Airbus.

Sep 22, 2014

Airbus, Boeing spar over jet production strategy

ISTANBUL (Reuters) – Airbus and Boeing clashed over jet production on Monday, with the European planemaker questioning the viability of its rival’s proposals to hike output and Boeing insisting it will only build the number of jets that its buyers and suppliers can handle.

A debate over the sustainability of record production and burgeoning orders for jetliners dominated an aviation gathering in Istanbul, where a minority of participants expressed fears of a glut while most remained confident about air transport growth.

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.