Tim's Feed
May 20, 2015

Airbus says British exit from EU would pose ‘huge’ risks

LONDON, May 20 (Reuters) – European aerospace giant Airbus
has weighed into a debate about Britain’s future in Europe,
warning of job losses and “huge” economic risks if the country
votes to leave the European Union in a referendum to be held by
2017.

A decision to quit the EU would raise doubts about Airbus’s
long-term future investments in the country, the company’s top
UK representative said, although the time needed to transfer
manufacturing skills meant it could not easily shift its current
operations. Airbus employs 16,000 people in the UK.

May 19, 2015

Airbus orders checks on A400M engine system after crash

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) on Tuesday ordered engine software checks on the A400M military aircraft following the recent fatal crash of Europe’s new troop and cargo carrier.

The request comes after the discovery of a potential anomaly in the system running the plane’s turboprop engines.

May 13, 2015

Investigators seek quick clues on A400M crash despite data hitch

PARIS (Reuters) – Investigators hope to have preliminary clues within 48 hours on what caused an Airbus military plane to crash with the loss of four lives, but must first overcome technical difficulties in reading crucial flight data, a French military official said.

The Airbus A400M troop and cargo plane crashed shortly after takeoff outside Seville on Saturday, prompting four nations to ground the plane and France to limit its use to essential operations. Spain also withdrew permission for flight tests.

May 13, 2015

Thales drops plan to split top roles after Proglio snub

PARIS, May 13 (Reuters) – France’s Thales moved
quickly on Wednesday to overcome a snub by one of France’s
leading businessmen, asking its chief executive to lead the
board after Henri Proglio refused to accept the chairmanship of
Europe’s largest defence electronics group.

The surprise decision by Proglio to walk away from the
non-executive job scuppered a plan to split the two senior roles
that was designed to smooth relations between the French state
and industrial shareholder Dassault Aviation.

May 11, 2015

Airbus shares fall after A400M military plane crash

PARIS (Reuters) – Shares in Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) fell on Monday after the weekend crash of an A400M military plane increased investors’ anxieties over Europe’s largest and heavily delayed defense project, while the planemaker pledged to overcome the tragedy.

Shares in Europe’s largest aerospace group, which hit a record high in April, fell 3.8 percent to 61 euros in morning trading, erasing gains seen in the previous week.

May 7, 2015

Airbus surges past Boeing in orders, lags in deliveries

PARIS/DUBAI (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) has moved ahead of U.S. rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) in their race for aircraft orders thanks to a large Latin American win, setting the tone for what could be a fiercely competitive Paris Airshow next month.

The European planemaker won orders for 229 aircraft between January and April. After cancellations, net orders totaled 209, it said on Thursday.

May 6, 2015

Germanwings pilot rehearsed crash on outbound flight

PARIS (Reuters) – The Germanwings co-pilot suspected of deliberately crashing a jet in the French Alps rehearsed the fatal maneuver on the morning of the disaster, and had twice been refused medical papers needed to fly, investigators said on Wednesday.

The French BEA accident investigation agency said the co-pilot had five times set the autopilot to take the Airbus down to just 100 feet while the captain was out of the cockpit on the outbound flight to Barcelona from Duesseldorf.

May 4, 2015

Insight – Baltic military shadow-boxing said to reach Cold War levels

VISBY FORWARD OPERATING BASE, Sweden (Reuters) – A daily game of Cold War cat-and-mouse is ratcheting up tensions in the Baltic and drawing the biggest military presence into the region for over 20 years, Swedish military officials say.

Eye-to-eye encounters with Russian combat jets and reports of suspected submarines in Swedish and Finnish waters are fuelling regional concerns about Russian assertiveness in the wake of the Ukraine crisis and reversing years of defence cuts.

May 4, 2015

Baltic military shadow-boxing said to reach Cold War levels

VISBY FORWARD OPERATING BASE, Sweden, May 4 (Reuters) – A
daily game of Cold War cat-and-mouse is ratcheting up tensions
in the Baltic and drawing the biggest military presence into the
region for over 20 years, Swedish military officials say.

Eye-to-eye encounters with Russian combat jets and reports
of suspected submarines in Swedish and Finnish waters are
fuelling regional concerns about Russian assertiveness in the
wake of the Ukraine crisis and reversing years of defence cuts.

Apr 30, 2015

Saab says close to finalising Swedish submarine deals

KARLSKRONA, Sweden, April 30 (Reuters) – Sweden’s Saab
expects to receive a firm production contract from
the government for a new generation of submarines within months
and is finalising negotiations for the mid-life upgrade of the
Gotland class, executives said on Thursday.

Sweden agreed last month to order two new A26 subs from Saab
, which last year bought the marine defence unit of
ThyssenKrupp and renamed it Saab Kockums.