Tim's Feed
Feb 21, 2014

Britain lifts flying suspension on Airbus-made Voyager fleet

LONDON, Feb 21 (Reuters) – Britain has lifted a flying
suspension on its fleet of six Airbus-made Voyager
military aircraft, the operator of the aircraft said on Friday.

The Royal Air Force said on Feb. 12 that it had stopped
flying its Voyager fleet after an “inflight issue” on Feb. 9.
Two sources told Reuters that the plane plummeted around 4,000
feet while flying over Turkey.

Feb 20, 2014

Safran profits rise on strong aftermarket for aero engines

PARIS, Feb 20 (Reuters) – Record demand for new jet engines
and stronger than expected maintenance activity for those
already flying lifted profits at Safran last year and
the French group said it expected that growth to continue.

However, some analysts said the aerospace, security and
defence firm’s forecast for group revenue and profit in 2014 was
not as strong as hoped for and the shares were down 1.7 percent
at 52.60 euros by 0849 GMT.

Feb 19, 2014

Thales core profit up, confident on order intake

PARIS, Feb 19 (Reuters) – France’s Thales
signalled a continued offensive in emerging markets on Wednesday
after Gulf defence contracts helped boost its order intake in
2013, while in western Europe military cuts continued to bite.

Chief Executive Jean-Bernard Levy announced a drive to
reduce the dependence of Europe’s largest defence electronics
firm on domestic defence markets as it tries to break out of a
pattern of several years of sluggish revenues.

Feb 14, 2014

Airbus buys German lender to create company bank

PARIS, Feb 14 (Reuters) – Airbus Group pressed
ahead with post-Lehman plans to acquire its own banking licence
on Friday, saying it would buy small German lender Salzburg
Muenchen Bank AG to boost its financing options.

The European aerospace group, formerly known as EADS, first
dislcosed the plans in 2012 after becoming concerned about where
to place its large cash pile during the credit crisis.

Feb 11, 2014

Airbus says Asia-Pacific will be key driver of growth

SINGAPORE (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) claimed bragging rights as the Asia-Pacific’s dominant aircraft supplier on Tuesday, saying the region’s fast growing economies and rising passenger demand will continue to drive demand over the next 20 years.

The European planemaker said that in 2013, it won 80 percent of all new business in the Asia-Pacific with 379 firm orders. It also delivered 331 new aircraft, or over half of all new planes that entered into service with the region’s airlines, it added.

Feb 7, 2014

Airshow – Planemakers look to ink Asia deals despite emerging market worries

SINGAPORE (Reuters) – Aerospace firms will finalise billions of dollars of deals at next week’s Singapore Airshow, hoping to ride out a storm in emerging markets whose prosperity is vital to their plans to keep producing record numbers of jets.

Asia’s largest aerospace gathering is usually a “show and tell” event where executives come to mingle with some of the world’s biggest long-haul carriers and Asia’s ambitious new travel tycoons, as well as the region’s busy military buyers.

Feb 7, 2014

Planemakers look to ink Asia deals despite emerging market worries

SINGAPORE, Feb 7 (Reuters) – Aerospace firms will finalise
billions of dollars of deals at next week’s Singapore Airshow,
hoping to ride out a storm in emerging markets whose prosperity
is vital to their plans to keep producing record numbers of
jets.

Asia’s largest aerospace gathering is usually a “show and
tell” event where executives come to mingle with some of the
world’s biggest long-haul carriers and Asia’s ambitious new
travel tycoons, as well as the region’s busy military buyers.

Feb 6, 2014

Airbus considers A380 revamp to lift sales -sources

SINGAPORE, Feb 7 (Reuters) – Airbus is exploring
fresh ways to improve sales of the world’s largest passenger jet
after receiving a potentially crucial signal of support from at
least one of its engine makers, industry sources said.

Faced with patchy demand for the A380 superjumbo, Britain’s
Rolls-Royce has indicated it may be willing to upgrade
its Trent 900 engines to help Airbus dig its way out of a recent
sales trough, the sources said, asking not to be named.

Jan 28, 2014

VietJetAir to finalise $9 bln Airbus order next month

SINGAPORE/PARIS, Jan 28 (Reuters) – Vietnamese carrier
VietJetAir said it would finalise a $9 billion order for up to
92 Airbus aircraft next month as it seeks to tap into
Southeast Asia’s fast growing low-cost market dominated by
AirAsia Bhd and Lion Air.

In September, privately owned VietJetAir and Airbus agreed a
provisional order for mostly A320 planes, but the deal did not
show up on the order book of Airbus in its 2013 data.

Jan 24, 2014

Aircraft finance on cloud nine as new money pours in

DUBLIN (Reuters) – Crisis, what crisis? The good times are rolling in the aircraft finance industry as yield-hungry investors gamble on growing demand for air travel, banishing recent jitters over funding.

Despite new concerns over emerging markets that mounted on Friday, an annual gathering in Dublin this week attracted record numbers of lawyers, bankers and lessors who keep the $100 billion a year jetliner industry aloft with funding.