Tim's Feed
Jul 1, 2014

Boeing captures UK’s Monarch after jet contest -sources

LONDON, July 1 (Reuters) – Boeing is poised to win a
$3 billion jet order from UK carrier Monarch Airlines, ousting
its European rival Airbus for a key victory two weeks before the
Farnborough Airshow, industry sources said on Tuesday.

The expected order for some 30 revamped 737 aircraft follows
a contest lasting several months as the Luton-based carrier
became the latest hotspot in a global battle for market share
between two popular types of narrowbody jets.

Jun 26, 2014

Exclusive: Airbus poised to revamp A330 with Rolls-Royce

PARIS (Reuters) – Airbus is very close to a decision to upgrade its A330 with engines provided by Rolls-Royce (RR.L: Quote, Profile, Research, Stock Buzz), setting the stage for a bitter new phase in the battle for wide-body jet orders with Boeing’s 787 Dreamliner, people familiar with the matter said.

The move will strengthen a growing strategic pairing between the European companies, with General Electric (GE.N: Quote, Profile, Research, Stock Buzz) – the main alternative engine supplier on the existing version of the jet – no longer seen as a contender to take part in the $2 billion project, provisionally dubbed “A330neo”, they said.

Jun 26, 2014

Airbus poised to revamp A330 with Rolls-Royce

PARIS, June 26 (Reuters) – Airbus is very close to a
decision to upgrade its A330 with engines provided by
Rolls-Royce, setting the stage for a bitter new phase in
the battle for wide-body jet orders with Boeing’s 787
Dreamliner, people familiar with the matter said.

The move will strengthen a growing strategic pairing between
the European companies, with General Electric – the main
alternative engine supplier on the existing version of the jet -
no longer seen as a contender to take part in the $2 billion
project, provisionally dubbed “A330neo”, they said.

Jun 23, 2014

France wins Qatar tram deal, discusses Rafale jets

PARIS (Reuters) – French conglomerates Alstom (ALSO.PA: Quote, Profile, Research, Stock Buzz) and Vinci (SGEF.PA: Quote, Profile, Research, Stock Buzz) signed a 2 billion euro ($2.72 billion) deal with Qatar on Monday to build a tram system in the future Lusail City, while the two countries also discussed a possible defence contract.

The deal, which will see the light rail system starting to operate in 2018-20, was signed in front of journalists during a visit to Paris by Qatar’s emir, Sheikh Tamim bin Hamad al-Thani.

Jun 16, 2014

Airbus, Safran create space launch joint venture

PARIS (Reuters) – Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe’s Ariane space rocket from U.S. low-cost rival SpaceX.

The move is the first step towards consolidation after Airbus Group’s chief executive Tom Enders, speaking exclusively to Reuters last month, called for a fundamental rethink of the complex way Europe designs and builds launchers.

Jun 15, 2014

Airbus, Safran team up on response to SpaceX: sources

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) and Safran (SAF.PA: Quote, Profile, Research, Stock Buzz) are set to boost co-operation with a joint venture in space launchers, aiming to galvanize Europe’s competitive response to U.S. low-cost rival SpaceX, people familiar with the matter said. The heads of the two companies, both leading contractors on the Ariane space launcher, are due to meet French President Francois Hollande early on Monday, Hollande’s office said, but no official reason for the meeting was provided.

Two people familiar with the matter said space would top the agenda, amid growing pressure from industrial groups for a shake-up of Europe’s public-private system of building rockets.

Jun 13, 2014

Airbus ups seat capacity on popular jet – but Boeing may leapfrog it

PARIS, June 13 (Reuters) – Europe’s Airbus plans to increase
the seating capacity on its most popular single-aisle jet, the
medium-haul A320 models, stepping up competition with U.S. rival
Boeing in the largest slice of the global jet market.

The more densely arranged cabins will be available early
next year after European authorities agreed to allow Airbus to
use bigger evacuation slides, which are one of the parameters
for deciding how many people an aircraft is authorised to carry.

Jun 12, 2014

Airbus will not rush A330 move, stresses profitability

PARIS, June 13 (Reuters) – Airbus mapped out a potential
revamp of its A330 jet, but vowed not to let the estimated $2
billion investment divert it from improving profits at Europe’s
largest aerospace group.

Fabrice Bregier, chief executive of the flagship planemaking
unit of Airbus Group, said the company would decide
whether or not to launch a re-engined version of its most
profitable wide-body jet before the end of the year.

Jun 12, 2014

Airbus takes flight with investors, media after order snub

NEW YORK/TOULOUSE (Reuters) – Europe’s Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) mounted a transatlantic charm offensive on Thursday to boost sales of the world’s biggest jetliner, the A380, and shine the spotlight on its brand-new A350 – a day after its shares were hit by a record order cancellation.

Airbus teamed up with the same airline that canceled 70 A350s on Wednesday, Dubai’s Emirates, and leasing company Amedeo to sell potential buyers on the merits of the A380 superjumbo.

Jun 11, 2014

Emirates cancels 70-plane A350 order in blow to Airbus, Rolls

TOULOUSE (Reuters) – Airbus suffered an unexpected reversal for its newest aircraft on Wednesday when Dubai’s Emirates scrapped a $16 billion (9.54 billion pounds) order for the A350, hitting shares in the European planemaker and engine firm Rolls-Royce.

The surprise decision by Airbus’s largest customer to cancel all 70 A350s on order comes months before the long-haul jet is due to enter service and removes 9 percent of the order backlog for a plane which took eight years and $15 billion to develop.