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Sep 12, 2014

Dealmaking picks up as German defence firms react to budget cuts

FRANKFURT/PARIS, Sept 12 (Reuters) – Several German defence
groups are in talks that could lead to a consolidation of the
industry as it struggles with overcapacity and steep cuts in
European defence spending.

Steel group ThyssenKrupp has started approaching
potential buyers for its submarine unit HDW – including French
peer DCNS, sources familiar with the situation told Reuters.

Sep 12, 2014

Qatar to take Airbus superjumbos; questions remain about A320 test

PARIS (Reuters) – Europe’s Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) has lifted a stumbling block to delivery of the world’s largest jetliner to Qatar but faces the growing prospect of delays for the first flight of its newest small jet, the A320neo, several people familiar with the matter said.

After a three-month dispute that had blocked the delivery of the first of ten A380 superjumbos ordered by Qatar Airways, the Gulf airline has agreed to take the new jet, they said.

Sep 11, 2014

Boeing, Airbus seriously studying speeding factories

WASHINGTON, Sept 11 (Reuters) – Boeing Co and
European rival Airbus said on Thursday they are both
considering seriously whether to make their best-selling
narrow-body jetliners at faster rates, news that may cheer
investors in the short term but could raise longer-term market
concerns.

Airbus is studying whether to increase production of its
best-selling A320-family aircraft beyond the record level of 46
jets a month already targeted for 2016, and a decision could
come by year-end, Airbus Americas President Barry Eccleston told
the Reuters Aerospace and Defense Summit in Washington.

Sep 11, 2014

Airbus gets Qatar A380 okay, but questions on A320 test

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) and Qatar Airways have resolved a three-month old dispute that had been blocking the delivery of the first of ten A380s ordered by the Gulf airline, industry sources said.

Airbus declined to comment.

Qatar Airways, which had refused to take delivery of the first three aircraft, citing concerns about the quality of the cabin interior, was not immediately available for comment.

Sep 11, 2014

Air France-KLM sees profit boost from new strategic plan

PARIS, Sept 11 (Reuters) – Air France-KLM pledged
to improve its core earnings by 8 to 10 percent a year through
2017 as part of a new strategic plan combining an assault on the
European leisure market with efforts to improve its appeal to
long-haul travellers.

The Perform 2020 plan calls for new planes for its Transavia
low-cost unit in Europe, coupled with further restructuring of
loss-making activities. Details were released ahead of an
investor meeting later on Thursday.

Sep 10, 2014

U.S. Ex-Im bank would back Airbus sales -Hochberg

WASHINGTON, Sept 10 (Reuters) – The U.S. Export-Import Bank
would provide financing for exports of Airbus Group
jetliners, provided they were assembled in the United States
with sufficient content from domestic suppliers, the bank’s head
said on Wednesday.

“We’re about U.S. jobs,” Ex-Im Bank President Fred Hochberg
told the Reuters Aerospace and Defense Summit in Washington.

Sep 10, 2014

U.S. Ex-Im bank would back Airbus export sales, chief says

WASHINGTON (Reuters) – The U.S. Export-Import Bank would provide financing for exports of Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) jetliners, provided they are assembled in the United States with sufficient content from U.S. suppliers, the bank’s head said on Wednesday.

“We’re about U.S. jobs,” Ex-Im Bank President Fred Hochberg told the Reuters Aerospace and Defense Summit in Washington.

Sep 9, 2014

Thales warns on UK investment if Scotland backs independence

BORDEAUX, France, Sept 9 (Reuters) – The head of one of
Britain’s largest defence suppliers, France’s Thales,
has voiced concerns over jobs and investment if Scotland votes
to leave the United Kingdom.

Speaking to Reuters as polls showed a surge in support for
Scottish independence, nine days away from a referendum, Thales
Chief Executive Jean-Bernard Levy said a ‘yes’ vote would create
uncertainty over investments on both sides of the border.

Sep 5, 2014

Ryanair seen close to placing new $10 billion Boeing order

PARIS/DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) is in advanced talks to buy around 100 of a high-density version of Boeing’s 737 MAX jetliner in a potential $10 billion deal that could be finalized within weeks, two people familiar with the matter said.

The move comes two months after Boeing said it was studying plans to offer more seating in its upcoming 737 MAX by introducing a modified version with 200 seats, 11 more than the current maximum.

Sep 4, 2014

Air France-KLM accelerates low-cost plans, cargo cuts

PARIS, Sept 4 (Reuters) – Air France-KLM announced
plans on Thursday to speed up the development of its low-cost
unit and cut back freighter operations in its latest efforts to
boost competitiveness.

Europe’s second-largest traditional carrier by revenue said
its board had approved a plan to open new bases under the
Transavia low-cost brand in Europe.