Tim's Feed
Jun 1, 2014

Boeing sees smooth jet switch, clashes with Airbus

DOHA, June 1 (Reuters) – Boeing vowed on Sunday to
carry out a smooth transition between current and future models
of its two most profitable jets – the long-haul 777 and smaller
737 – and dismissed Airbus plans to overhaul its own A330 model.

Sales chief John Wojick told Reuters he was confident of
selling enough of Boeing’s current long-distance benchmark, the
777-300ER, to fill the gap until a new revamped 777X version
enters service in 2020 and avoid any interim production cut.

May 27, 2014

Airbus completes overhaul, says major projects on track

AMSTERDAM, May 27 (Reuters) – Airbus Group
completed an overhaul of Europe’s largest aerospace group on
Tuesday by changing its name from EADS and reaffirming a pledge
to deliver on existing projects before embarking on risky new
ventures.

Shareholders adopted the name change to Airbus Group by a
99.99 percent margin, bringing the company’s legal title into
line with that of its planemaker subsidiary and ending what
Chief Executive Tom Enders called the “Babylonian confusion” of
several brands.

May 27, 2014

Airbus Group CEO keeping options open on new term

AMSTERDAM (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) Chief Executive Tom Enders has ruled out taking another job in aerospace or going into politics when he eventually decides to step down from Europe’s largest aerospace group – but is not yet ready to say when that will be.

Speaking to Reuters ahead of a shareholders’ meeting, the 55-year-old chief executive said he would not begin to address whether to seek a second four-year term before next year.

May 23, 2014

Alarmed by anti-EU surge, Airbus chief urges staff to vote

BERLIN (Reuters) – Alarmed by a surge of anti-EU populists, the chief executive of European aerospace firm Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) has taken the unusual step of writing to the group’s 144,000 employees to urge them to vote in this week’s European Parliament elections.

“I didn’t tell my colleagues what to vote, but I said ‘Go and vote’,” Tom Enders told Reuters in an interview, saying he hoped radical, anti-European parties would “get as few votes as possible”.

May 23, 2014

Exclusive: Airbus may cut more defense jobs in German export row

BERLIN (Reuters) – Germany faces defense 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 (AIR.PA: Quote, Profile, Research, Stock Buzz) told Reuters.

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

May 23, 2014

Airbus CEO urges radical shake-up of space launcher industry

BERLIN (Reuters) – The head of Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) has urged European countries to carry out a fundamental overhaul of the space rocket launcher industry and give companies a bigger role to avoid becoming “irrelevant” in the $6.5 billion global rocket-launch club.

His call for a bigger industry say in the public and private partnerships behind Europe’s Ariane space rocket is a response to the arrival of low-cost U.S. based Space Exploration technologies (SpaceX), run by electric car mogul Elon Musk.

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.