Tim's Feed
May 16, 2014

EU may challenge $8.7 billion U.S. tax breaks in Boeing-Airbus trade dispute: sources

PARIS (Reuters) – The European Union is considering raising the pressure on the United States in the world’s largest trade dispute by challenging tax breaks that encouraged planemaker Boeing to keep production of its latest jet in Washington state, people familiar with the matter said on Friday.

The potential move would open a tense new phase in the decade-old formal trade dispute over aircraft industry aid, as Brussels and Washington argue about whether they have complied with rulings by the World Trade Organization, which in turn could set the tone for sanctions.

May 16, 2014

EU may challenge $8.7 bln U.S. tax breaks in Boeing-Airbus trade dispute-sources

PARIS, May 16 (Reuters) – The European Union is considering
raising the pressure on the United States in the world’s largest
trade dispute by challenging tax breaks that encouraged
planemaker Boeing to keep production of its latest jet in
Washington state, people familiar with the matter said on
Friday.

The potential move would open a tense new phase in the
decade-old formal trade dispute over aircraft industry aid, as
Brussels and Washington argue about whether they have complied
with rulings by the World Trade Organization, which in turn
could set the tone for sanctions.

May 15, 2014

How France expanded takeover controls from gaming to energy

PARIS, May 15 (Reuters) – France’s decision to expand its
veto powers over strategic sectors to give it some leverage on
the future of engineering group Alstom reflects a rare
area of policy consensus that resonates across the political
spectrum.

New rules published by the Socialist government on Thursday
expand a nine-year old watch list of sensitive sectors from
defence, security and anti-money laundering to touch a much
wider range of services. [IDn:L1N0O02AC]

May 13, 2014

Safran seeks sharp increase in its composites use by 2020

ITTEVILLE, France, May 13 (Reuters) – Safran aims to
quadruple its carbon composites activities within the next five
years, the French company’s chief executive said, referring to
new materials designed to reduce fuel consumption in the newest
jet engines.

Composites manufacturing currently represents the equivalent
of 2 percent of the aerospace and defence company’s revenue and
this should rise to 8 percent by 2020 and 15 percent in the long
term, CEO Jean-Paul Herteman said, at the opening of a 50
million-euro research plant on Tuesday.

May 13, 2014

Airbus first-quarter core profit falls 5 percent, confirms targets

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) posted a narrower-than-expected drop in core earnings on Tuesday, after dodging the impact of lower aircraft deliveries and higher research and development spending, and reaffirmed its financial goals for the year.

The world’s second-largest aerospace group after U.S. rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) said first-quarter operating income before one-off items fell 4.6 percent to 700 million euros ($963 million) as revenue rose 5 percent to 12.6 billion.

May 13, 2014

Airbus Q1 core profit falls 5 pct, confirms targets

PARIS, May 13 (Reuters) – Airbus Group posted a
narrower-than-expected drop in core earnings on Tuesday, after
dodging the impact of lower aircraft deliveries and higher
research and development spending, and reaffirmed its financial
goals for the year.

The world’s second-largest aerospace group after U.S. rival
Boeing said first-quarter operating income before one-off
items fell 4.6 percent to 700 million euros ($963 million) as
revenue rose 5 percent to 12.6 billion.

May 11, 2014

Cost rows overshadow safety response to Malaysia jet disappearance

PARIS, May 11 (Reuters) – The United Nations is leading a
high-level effort this week to improve the way aircraft are
tracked to address public concerns over the disappearance of a
Malaysia Airlines passenger jet.

But the official response to missing Flight MH370 and a
similar event in 2009 has already been clouded by rows between
planemakers, airlines and pilots about costs and surveillance,
new documents show, raising questions about how fast regulators
can act.

May 8, 2014

Europe safety chief backs flight-tracking after MH370

PARIS (Reuters) – Europe’s top aviation regulator has called for international action to address concerns raised by the disappearance of Malaysia Airlines flight MH370, while acknowledging delays in responding to a similar disaster in 2009.

The head of the European Aviation Safety Agency, Patrick Ky, told Reuters he supported better flight tracking of passenger jets as a United Nations agency prepares to discuss the issue at a meeting of aviation powers next week.

May 7, 2014

Airbus set for A350 safety approval in late summer-EASA

PARIS, May 7 (Reuters) – Airbus is on track to get
safety certification for its latest jetliner, the A350, by “the
end of the summer” as planned, Europe’s top air safety regulator
said on Wednesday.

Airbus has said tests are going well on its new lightweight,
medium-sized jet, developed at an estimated cost of $15 billion
and designed to compete with Boeing’s 787 Dreamliner, the
world’s first mainly carbon-composite passenger jet.

May 7, 2014

Airbus reshuffles large American Airlines jet order

PARIS (Reuters) – Airbus took 78 orders in April but remained behind Boeing in the battle for new business after a relatively quiet month dominated by the reshuffling of existing orders, data released by the European planemaker showed on Wednesday.

The planemaker unit of Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) said it had received 236 orders up to the end of April and cancellations for 94, bringing its net order total for 2014 to 142 aircraft.