Tim's Feed
Jun 23, 2015

China may buy 50-70 Airbus A330 jets: sources

PARIS (Reuters) – Airbus is in talks to sell some 50-70 A330 wide-body jets to China as part of plans to set up a new industrial plant in the world’s fastest-growing aviation market, sources familiar with the discussions said on Tuesday.

Airbus has been negotiating for about 18 months to establish an A330 cabin-completion center in China alongside its existing final assembly plant for smaller A320 jets at the northern port city of Tianjin.

Jun 19, 2015

MERS outbreak now No. 1 aviation sector risk: lessor

PARIS (Reuters) – Middle East Respiratory Syndrome (MERS) has risen to the top of the list of risks facing the aviation industry, the head of a leading aircraft lessor said, outstripping traditional concerns about fuel and currencies.

An outbreak of MERS in South Korea that began last month and is the largest outside Saudi Arabia has infected 166 people, killing 24 of them.

Jun 18, 2015

Airbus steals show with last-minute $14 bln Wizz deal

PARIS, June 18 (Reuters) – Airbus won the Paris
Airshow with a last-minute $14 billion deal to sell 110 jets to
Hungary’s Wizz Air on Thursday, diverting attention from a
growing industry debate over how quickly a record backlog of jet
orders can be built.

The deal, sealed in an all-night negotiating session with
ordered-in pizza, avoided a rare defeat for the France-based
planemaker at its home arena and is expected to be followed by
orders for dozens of A330 jets from China in weeks to come.

Jun 18, 2015

Boeing executive says show demonstrates jet market resilient

PARIS (Reuters) – Boeing (BA.N: Quote, Profile, Research, Stock Buzz) leaves the Paris air show convinced of the strength of overall jetliner demand and the appeal of its 737 MAX 200, despite losing a bid to sell the high-density jet to a Hungarian low-cost carrier, a senior executive said.

Boeing ended the trade days of the June 15-21 show with orders and commitments for 331 aircraft worth $50.2 billion, lagging rival Airbus’ total of 421 planes worth $57 billion.

Jun 18, 2015

Airbus says weighing up both Skymark rescue plans

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) said on Thursday it was studying two proposals to revive Skymark (SKALF.PK: Quote, Profile, Research, Stock Buzz) and would favor any plan that both gives the bankrupt Japanese airline a future and takes account of the planemaker’s interests.

Alongside aircraft leasing firm Intrepid Aviation Ltd, Airbus is one of the biggest creditors to Skymark, which ran into financial trouble after embarking on an ambitious expansion that included buying A380 superjumbos.

Jun 18, 2015

Airbus pips Boeing in Paris after last-minute Wizz deal

PARIS, June 18 (Reuters) – Airbus won more business
than rival Boeing at this week’s Paris Airshow, helped by
a last-minute deal with Eastern European low-cost carrier Wizz
Air and buoyed by demand from Asian customers.

Airbus ended the show with orders and commitments for 421
aircraft worth $57 billion, against 331 aircraft worth $50.2
billion for Boeing.

Jun 18, 2015

Airbus wins $16 bln of firm orders at air show

PARIS, June 18 (Reuters) – Airbus had a better
Paris Airshow than it expected, winning firm orders for 124
aircraft worth $16.3 billion, as well as commitments for plane
purchases worth $40.7 billion, including a last-minute deal with
Wizz Air.

The planemaker’s chief executive said on Thursday the latest
deals confirmed demand was “extremely positive,” and queried
whether Airbus might have been too hasty in cutting production
rates of its A330 wide-body plane to six per month.

Jun 18, 2015

Wizz Air commits to buy Airbus planes worth $13.7 billion

PARIS (Reuters) – Hungary’s Wizz Air (WIZZ.L: Quote, Profile, Research, Stock Buzz) committed to buy 110 Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) A321neo aircraft at the Paris air show on Thursday worth $13.7 billion at list prices as the Eastern European-focused budget airline continues to expand its network and capacity.

The memorandum of understanding, reached early on Thursday after all-night negotiations in Paris, calls for 110 firm deliveries and purchase rights for a further 90 aircraft.

Jun 17, 2015

Boeing gets 747 boost as Russian firm signs up for more freighters

PARIS (Reuters) – Boeing (BA.N: Quote, Profile, Research, Stock Buzz) won breathing space for its struggling jumbo jet on Wednesday with a preliminary deal for 20 of its 747-8 freighters from Russian cargo airline Volga-Dnepr Group.

The sharp increase in Volga-Dnepr’s 747-8 fleet took the Paris Airshow by surprise and eased concerns over the latest version of Boeing’s iconic jumbo jet, whose production is ticking over slowly due to a recent drop in sales.

Jun 16, 2015

Commercial plane orders slow; jetmakers focus on backlog

PARIS (Reuters) – The boom in commercial plane orders of recent years appears to be giving way to a more sustainable pace of demand at the 2015 Paris air show, with jetmakers increasingly focused on lifting production to meet their record backlog of sales.

U.S. planemaker Boeing (BA.N: Quote, Profile, Research, Stock Buzz) and European rival Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) continued to unveil a steady stream of deals on Tuesday, day two of the aerospace industry’s main annual gathering.