Tim's Feed
Dec 2, 2013

EADS founders to face trial in insider case

PARIS (Reuters) – Two founding industrial shareholders of Airbus parent EADS will join a group of current and former managers on trial in a long-running insider trading case, prosecutors said on Monday, but EADS called for charges to be dismissed.

In the latest twist to a saga that has haunted EADS ever since its A380 superjumbo hit unexpected development delays in 2006, an official at the French public prosecutor’s office said French media group Lagardere and German carmaker Daimler would stand trial.

Nov 28, 2013

Insight: Iran sanctions deal sparks hunt for vintage plane parts

By Tim Hepher, Parisa Hafezi and Praveen Menon

(Reuters) – While foreign ministers raced to Geneva for a crucial phase of talks over Iran’s nuclear activities earlier this month, passengers with the country’s national airline faced a little-noticed drama on the other side of the world.

As a 37-year-old Boeing 747 climbed out of Beijing bound for Tehran, the Iranian crew received a cockpit alert that one of the jumbo jet’s four Pratt & Whitney engines was on fire.

Nov 28, 2013

Iran sanctions deal sparks hunt for vintage plane parts

Nov 28 (Reuters) – While foreign ministers raced to Geneva
for a crucial phase of talks over Iran’s nuclear activities
earlier this month, passengers with the country’s national
airline faced a little-noticed drama on the other side of the
world.

As a 37-year-old Boeing 747 climbed out of Beijing bound for
Tehran, the Iranian crew received a cockpit alert that one of
the jumbo jet’s four Pratt & Whitney engines was on fire.

Nov 21, 2013

Gulf takes aviation by storm with $200 bln of orders

DUBAI, Nov 21 (Reuters) – Planemakers left Dubai with a
record $200 billion in deals after a desert rainstorm forced
organisers to cancel the last day of its air show – an event
that demonstrated their growing reliance on the Gulf to secure
support for big jets.

A flurry of dealmaking gave Boeing the momentum it needed to
launch its latest aircraft, known as the 777X, with some 250
orders worth $100 billion, as reported by Reuters last week.

Nov 19, 2013

50 A380s? We could have bought 10 more, says Emirates

DUBAI (Reuters) – Emirates’ whopping order for 50 of the world’s biggest jets should end doubts about the project that had even crept into manufacturer Airbus, the airline’s chief told Reuters, adding it was so sure of filling the planes it might have bought 10 more.

By announcing a $23 billion A380 order at the Dubai Airshow, Emirates turned round the fortunes of a recently slow-selling jet that is synonymous not only with Europe’s industrial ambitions but also the rapid growth of its largest customer.

Nov 18, 2013

After huge orders, Airbus and Boeing sign Gulf supply deals

DUBAI (Reuters) – Airbus and Boeing agreed to triple purchases of parts and materials from Abu Dhabi in deals worth over $5 billion on Monday, as Gulf states seek a reciprocal boost to their economies from huge orders they have placed with the planemakers.

A shift of emphasis on day two of the Dubai Airshow accelerated the growth in aircraft parts manufacturing in countries where demand is strongest and will spread part of the profits generated by $150 billion of brand-new plane orders.

Nov 18, 2013

Boeing executives upbeat about future of F/A-18 fighter

DUBAI, Nov 18 (Reuters) – Top Boeing Co executives
are upbeat about the future of the F/A-18 Super Hornet fighter
jet and see a good chance of winning additional U.S. and
international orders that would keep the production line running
past 2016.

Boeing Chief Executive Jim McNerney told reporters at the
Dubai Airshow it was difficult to predict future orders given
continued uncertainty about the U.S. budget.

Nov 17, 2013

Gulf carriers’ 15 minutes of jet order hysteria

DUBAI (Reuters) – It was a security consultant’s nightmare and a moment to savor – royalty, airline bosses, planemakers and press hordes wedged into the same overcrowded room wanting to see the same thing: the color of money in the oil-rich and fast-growing Gulf.

Gulf airlines dropped $100 billion in 15 minutes on the opening day of the Dubai Airshow, as they ordered hundreds of passenger jets to expand a common ambition to turn the region into a global aviation hub.

Nov 17, 2013

Emirates says to order more A380s at Dubai airshow

DUBAI, Nov 17 (Reuters) – Dubai flag carrier Emirates
will buy more Airbus A380 superjumbos, the
airline’s chairman said at the opening of the Dubai Airshow on
Sunday, adding total plane orders would exceed the $18 billion
agreed at the last event in 2011.

The airline is the largest customer of the A380s, with a
current order of 90 jets.

Nov 16, 2013

Dubai Airshow to open with Gulf spending spree

DUBAI (Reuters) – Gulf airlines are set to place orders worth over $100 billion as the Dubai Airshow gets under way on Sunday, industry sources said, led by record investment in a new Boeing jet.

The birth of a revamped successor to Boeing’s 777 jet, with some 250 orders booked or in the pipeline from four airlines, marks a new step in the growth of Gulf airlines and a fierce contest between Boeing and Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) for their business.