Tim's Feed
May 23, 2014

Airbus may cut more defence jobs in German export row

BERLIN, May 23 (Reuters) – Germany faces defence industry
job cuts beyond those already planned and could even see
factories closed or moved abroad if the government insists on
toughening restrictions on arms exports, the head of Airbus
Group told Reuters.

The company’s defence and space division already plans to
shed some 2,000 industrial jobs in Germany.

May 21, 2014

Dash for cash drives Airbus v Boeing jet revamps

BERLIN, May 21 (Reuters) – Drained by their contest to
create the carbon-fibre wonder jet, Airbus and Boeing
are observing a truce in futuristic new developments
while they refill their coffers with makeovers of older but
reliably profitable models.

The two companies have gone head-to-head with their costly
carbon-fibre experiments – the wide-body Boeing 787 Dreamliner
and Airbus A350 – but are now recognising the need to take
stock.

May 19, 2014

Exclusive: 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 (BA.N: Quote, Profile, Research, Stock Buzz) 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 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.