PARIS, June 15 (Reuters) – Air France announced
line closures and 80 million euros ($90 million) of new cost
cuts on Monday as it accelerates its Perform 2020 restructuring
plans in the wake of another drop in its unit revenues.
The carrier, part of Air France-KLM, said it would
close four loss-making lines including Kuala Lumpur and three
destinations in Europe, and reduce frequencies or capacity on
other routes in Japan, Brazil and Russia.
PARIS, June 15 (Reuters) – Qatar Airways ordered 10 Boeing
777-8X jetliners at the Paris air show on Monday,
bringing its total orders for the 777X family of revamped
long-range jets to 60.
The airline also said it was ordering four 777 freighters.
The orders, which are all firm contracts, are worth a total
of $4.8 billion at list prices.
PARIS (Reuters) – Three years after its founding merger, UTC Aerospace Systems (UTAS) is ready to turn its attention to acquisitions and is assessing potential targets, its president said on Sunday.
Until now, the aircraft components unit of United Technologies (UTX.N: Quote, Profile, Research, Stock Buzz) has been focusing on integrating Goodrich, acquired by parent UTC for more than $16 billion in 2012 and combined with Hamilton Sundstrand to form UTAS.
PARIS (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) is exploring a potential market of over 1,000 aircraft in a niche between its single-aisle 737 and wide-body 787, but has not decided whether to invest in a new jetliner, its sales chief said on Sunday.
Airlines have told the planemaker they are interested in something about 20 percent bigger than its out-of-production 757 and able to fly further, putting it beyond the reach of the latest A321LR single-aisle offering from rival Airbus, he said.
PARIS, June 13 (Reuters) – French-U.S. jet engine maker CFM
International pledged to meet ambitious production goals for its
newest model, designed to power the industry’s best-selling
passenger jets, and said testing was going smoothly.
A successful increase in production of the LEAP engine,
developed by a joint venture between France’s Safran
and U.S. giant General Electric, is crucial to the smooth
introduction of revamped Boeing 737s and Airbus A320s.
PARIS, June 12 (Reuters) – After years of big-ticket plane
orders, next week’s Paris Airshow will see rather fewer
multi-billion-dollar deals and rather more nervous expressions
as planemakers face the daunting task of producing $1.8 trillion
of jets already sold.
The world’s biggest aerospace gathering will still have its
fair share of announcements, including a potential 100-plane
leasing order for Boeing, as well as the showmanship that goes
with any public contest with European arch-rival Airbus.
PARIS, June 11 (Reuters) – Zodiac Aerospace
expanded a profit warning triggered by the cost of tackling
aircraft seat manufacturing delays that have disrupted some
jetliner production but insisted it would meet its goal of
resolving the problems by the end of August.
Paris-based Zodiac has been wrestling for months with missed
deadlines for seat production, hampering deliveries of some
aircraft at Airbus and Boeing.
PARIS (Reuters) – A tiny piece of data needed to run the West’s largest turboprop engines is at the center of a complex chain of events under scrutiny following an Airbus A400M military plane crash last month, several people familiar with the matter said.
The troop and cargo carrier crashed outside Seville, Spain, on May 9 after three of its huge turboprop engines froze just minutes into a routine, pre-delivery test flight, killing four of its six crew members.
PARIS, June 9 (Reuters) – A tiny piece of data needed to run
the West’s largest turboprop engines is at the centre of a
complex chain of events under scrutiny following an Airbus
A400M military plane crash last month, several people
familiar with the matter said.
The troop and cargo carrier crashed outside Seville, Spain,
on May 9 after three of its huge turboprop engines froze just
minutes into a routine, pre-delivery test flight, killing four
of its six crew members.
MIAMI/PARIS (Reuters) – Global airlines raised their forecast for 2015 industry profits by more than 17 percent to $29.3 billion on Monday, almost doubling from last year and heralding a boom for carriers in North America that stand to reap half the worldwide total.
The International Air Transport Association (IATA), announcing the upgrade during a gathering of 260 member airlines, said lower oil prices were the main factor pushing the industry further into the black. But the windfall could be muted by the rise in the value of the dollar and widespread airline fuel hedging.