Tim's Feed
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.

Jul 16, 2014

Airbus, Boeing climb close to $100 bln in air show deals

FARNBOROUGH England (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) and Boeing (BA.N: Quote, Profile, Research, Stock Buzz) climbed close to the $100 billion mark for plane deals at the Farnborough Airshow on Wednesday, demonstrating healthy demand for new passenger jets despite concerns raised by their already record full order books.

Recent profits warnings from the likes of Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) and Air France-KLM (AIRF.PA: Quote, Profile, Research, Stock Buzz) have stoked fears of a sharp slowdown in demand for new aircraft or even cancellations.

Jul 16, 2014

Airbus offers Poland core status in helicopter bid

FARNBOROUGH England (Reuters) – Airbus Group is ready to offer Poland a sweeping partnership alongside its core European nations to support its bid for a major military helicopter contract, a senior executive told Reuters.

The proposal comes as Airbus Group competes with Sikorsky of the United States, a unit of United Technologies, and AgustaWestland, owned by Italy’s Finmeccanica, in a contest to sell 70 rotorcraft worth an estimated $3 billion.

Jul 15, 2014

Airbus clinches first airline customer for revamped jet

FARNBOROUGH, England, July 15 (Reuters) – Airbus clinched
its first airline customer for a newly revamped model with a
tentative deal with Malaysia’s AirAsia for 50 A330neo
wide-body jets worth over $13 billion on Tuesday.

The deal was sealed with a peck on the cheek from the French
boss of Europe’s largest planemaker for AirAsia founder Tony
Fernandes, who told the Farnborough Airshow: “We’re Airbus’s
largest plane customer and definitely the most loved”.

Jul 15, 2014

Financiers keep tills ringing at UK air show

FARNBOROUGH, England, July 15 (Reuters) – The world’s
largest planemakers returned to business as usual on day two of
the Farnborough Airshow, inking deals worth about $25 billion
with the industry’s top financiers on Tuesday after an
ill-tempered clash over their latest aircraft designs.

The flurry of business deals involved names that mean little
to most travellers but which keep the wheels turning of a $100
billion annual market for jetliners that remain in hot demand in
emerging markets, as the West limps out of recession.

Jul 15, 2014

AirAsia to order 50 Airbus A330neo: sources

FARNBOROUGH England (Reuters) – Airbus has clinched a deal with Malaysia’s AirAsia (AIRA.KL: Quote, Profile, Research, Stock Buzz) for 50 A330neo jets worth at least $12 billion at list prices, making it the first airline to sign up for the newly launched wide-body jet, people familiar with the matter said.

The deal, which is due to be announced at the Farnborough Airshow on Tuesday, mainly replaces earlier models of A330 that have been ordered but not yet delivered, they added.