(Reuters) – U.S. insurer American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) is in talks to sell its aircraft leasing business to AerCap Holdings NV (AER.N: Quote, Profile, Research, Stock Buzz), a person briefed on the discussions said.
AIG, which was nearly wiped out by derivative bets in the financial crash, has been seeking for some time to sell International Lease Finance Corp (ILFC) to help repay the costs of a 2008 U.S. government bailout.
PARIS (Reuters) – European aerospace group EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) pledged to shun risky investments and new aircraft programs for at least a decade as it promised investors a smoother ride under its Airbus brand in the wake of earlier development problems.
The head of its Airbus planemaking division, Fabrice Bregier, said it had stabilized production problems on the Airbus A380 superjumbo and the A400M military airlifter which had caused the company significant headaches in recent years.
PARIS, Dec 12 (Reuters) – European aerospace group EADS
pledged to shun risky investments and new plane
programmes as it looked to bury the ghost of troubled projects
and promised investors a smoother ride in coming years.
The head of its Airbus planemaking division, Fabrice
Bregier, said it had stabilised production problems on the A380
superjumbo and the A400M military airlifter which had caused the
company significant headaches in recent years.
(Reuters) – Air Canada (ACb.TO: Quote, Profile, Research) said on Wednesday it will purchase up to 109 of Boeing Co’s (BA.N: Quote, Profile, Research) 737 MAX under its narrow-body fleet renewal plan, a major win for the aircraft maker and significant shift in supplier for Canada’s largest carrier.
The agreement, which includes 61 firm orders, will replace Air Canada’s existing mainline fleet of Airbus (EAD.PA: Quote, Profile, Research) narrow-body aircraft, the carrier said, confirming an earlier Reuters report.
Dec 11 (Reuters) – Air Canada, the country’s
largest airline, is in advanced talks to buy or place options
for more than 100 of Boeing Co’s 737 MAX aircraft, a
source familiar with the matter said on Wednesday.
Boeing is trying to outpace European rival Airbus
for the lucrative deal to renew the Canadian flag carrier’s
fleet of mainly Airbus narrow-body aircraft.
PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) said its new A350 jet would be a less significant drag on 2015 profits than investors feared, sending its shares higher as Europe’s largest aerospace company sharpens its focus on buoyant civil markets.
EADS, which plans to change its name to Airbus Group in 2014 to reflect the dominance of its planemaking subsidiary, updated its mid-decade forecasts to take account of early deliveries of its first all-new wide-body jet in a decade.
PARIS, Dec 11 (Reuters) – Airbus parent EADS was poised on
Wednesday to set out a two-tier strategy stressing growth in
civil jetliners coupled with a forecast of flat defence and
space activities throughout the decade.
The European aerospace group has ditched efforts to balance
civil and defence revenues, which are skewed heavily towards its
Airbus. EADS previously said it plans in 2014 to change its name
to Airbus to reflect growing reliance on the commercial jetliner
PARIS/BERLIN (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) came under fire on Tuesday from shareholders France and Germany over plans to cut 5,800 jobs, but its chief executive said that ignoring weak defense and space markets would have put even more jobs at risk.
EADS said a three-year reorganization of its defense and space activities would affect 4,500 jobs on its main payroll, of which 1,500 would be redeployed to commercial planemaker Airbus and helicopter unit Eurocopter. <ID:L6N0JO389>
PARIS (Reuters) – Airbus parent EADS risked a collision with unions and European politicians by unveiling plans to cut 5,800 mainly defence and space jobs that for a first time include significant forced redundancies, driven by weak European budgets.
Breaking a taboo on forced job cuts throughout most of its 13-year history, the aerospace group said 1,500 people would be found new posts and some would not see temporary contracts renewed, but 1,000-1,450 people could not be spared redundancy.
PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) plans to cut 5,800 European jobs in a three-year restructuring of its defense and space activities, the European aerospace group said on Monday.
The cuts will be spread between Britain, France, Germany and Spain and will include 1,000 to 1,450 net redundancies, putting Europe’s largest aerospace company on a potential collision course with a French union that pledged to resist forced cuts.