Tim's Feed
Aug 7, 2014

Cockpit voice recorder in crashed Air Algerie jet unintelligible

PARIS (Reuters) – Cockpit voice recordings from an Air Algerie jet that crashed last month in northern Mali are unintelligible, investigators said on Thursday, depriving them of vital clues on what sent it into a sudden plunge that killed all 116 passengers and crew.

The McDonnell Douglas MD-83 aircraft, en route to Algiers, smashed into the ground on July 24 south of the Malian town of Gossi, near the border with Burkina Faso.

Aug 4, 2014

Airbus wins 980 gross orders, 705 net in Jan-July

PARIS, Aug 4 (Reuters) – Airbus overtook Boeing
in unadjusted aircraft orders for 2014 after last month’s
Farnborough Airshow, but continued to lag its U.S. rival when
taking into account cancellations, company data showed on
Monday.

The Airbus Group planemaking subsidiary won 980 aircraft
orders between January and July, and said it had 705 net orders,
beating its newly introduced net order target for the year.

Aug 1, 2014

Airbus, Boeing wide-body jet battle triggers warnings of oversupply

PARIS (Reuters) – Airbus’s (AIR.PA: Quote, Profile, Research, Stock Buzz) summer sales campaign with the new A330neo airliner has triggered warnings of potential oversupply in the wide-body market and of a bruising price battle as the older-generation model undercuts rival Boeing’s (BA.N: Quote, Profile, Research, Stock Buzz) 787 Dreamliner.

Two weeks after Airbus announced a revamp of its A330 at the Farnborough Airshow, the battle for wide-body sales is heating up as Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) seeks to renew part of its fleet.

Jul 31, 2014

Safran core H1 profit rises 16.5 pct, lifts target

PARIS, July 31 (Reuters) – French aerospace group Safran
raised its profit target on the back of
higher-than-expected first-half earnings on Thursday, pushing
its shares higher despite slower services growth and rising R&D
spending.

The maker of jet engines, optical sensors and security
detection equipment said its adjusted recurring operating profit
- a measure of underlying performance – rose 16.5 percent to 981
million euros ($1.31 billion) in the half-year.

Jul 30, 2014

Airbus reassures on jet market, gets set for Dassault sale

PARIS, July 30 (Reuters) – Airbus Group moved to
allay concerns over a wave of order cancellations on Wednesday,
sparking a rally in its shares helped by better than expected
half-year results.

Chief Executive Tom Enders said global aircraft markets
remained strong despite worries about an overheating in
Southeast Asia and a number of order cancellations which have
worried investors since this month’s Farnborough Airshow.

Jul 29, 2014

Airbus halts sale of six A380s to Japan’s Skymark

TOKYO/PARIS, July 29 (Reuters) – Airbus said on
Tuesday it had revoked an order for six A380 superjumbos from
Skymark Airlines, losing the only Japanese customer for
its biggest jet after the discount carrier struggled to raise
cash to pay instalments.

The collapse of the contract, worth over $2 billion when it
was formally signed in 2011, triggered a public clash with the
principal owner of Japan’s third-largest airline, who accused
the European planemaker of refusing to negotiate a compromise.

Jul 28, 2014

Airbus set to lose Japanese buyer for A380: sources

PARIS (Reuters) – European planemaker Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) is set to lose its only Japanese customer for the A380 superjumbo as Skymark Airlines (9204.T: Quote, Profile, Research, Stock Buzz) prepares to cancel an order for six jets worth more than $2 billion, industry sources said on Monday.

The setback comes after Japan’s third largest carrier swung into a loss for its latest financial year and raises new questions over the strength of the backlog for the world’s largest airliner, which increasingly depends on one customer, Emirates.

Jul 25, 2014

Air France-KLM outlines new plan to counter low-cost rivals

PARIS, July 25 (Reuters) – Air France-KLM posted a
sharp increase in core profit for the second quarter and
announced a new 2015-2020 plan on Friday to recapture market
share from low-cost rivals in Europe, helping push its shares up
more than 5 percent.

Europe’s second-largest traditional carrier by revenue
joined its bigger rival Lufthansa in trying to win
back business from low-cost champions such as easyJet
and said it was prepared to use acquisitions to achieve its aim.

Jul 24, 2014

Boeing reaches plane parts deal with Iran

PARIS (Reuters) – U.S. planemaker Boeing (BA.N: Quote, Profile, Research, Stock Buzz) has disclosed an agreement with Iran to provide airplane parts, relaxing a three-decade freeze in ties as part of a broader package of sanctions relief.

The agreement sets out general terms and conditions for the “potential sale of certain goods and services related to the safety of flight,” Boeing said in a regulatory filing.

Jul 20, 2014

Emirates calls for airlines summit on MH17 ‘outrage’

PARIS (Reuters) – The head of one of the world’s largest airlines has called for an international meeting of carriers to agree a response to the downing of a Malaysian airliner, including a potential rethink of the threats posed by regional conflicts.

Tim Clark, president of Dubai’s Emirates, the world’s largest international airline by number of passengers, also said domestic regulators worldwide may decide to be more involved in giving their carriers guidance on where it is safe to fly.