Tim's Feed
May 28, 2015

Airbus exec says jet market could absorb over 60 A320s a month

TOULOUSE, May 28 (Reuters) – Planemaker Airbus
hinted at further production increases in its popular A320
series on Thursday, saying market demand would justify a leap to
“more than 60 aircraft” a month.

Sales chief John Leahy said anticipated demand already
exceeded the planemaker’s existing production goal of 50 planes
a month and that Airbus was studying further increases.

May 27, 2015

Airbus wins board spat with Spain, to renew CEO

AMSTERDAM (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) faced down a revolt by government shareholders over a board appointment and invited its chief executive to stay on until 2019 as Europe’s largest aerospace company consolidated a recent push for political independence.

Europe’s largest aerospace group, whose shareholders include the Spanish, French and German governments, won shareholder support for its choice of Spanish board candidate despite what sources described as behind-the-scenes opposition from Madrid.

May 27, 2015

Airbus asks CEO to stay, faces rift with Spain on board

AMSTERDAM, May 27 (Reuters) – Airbus Group ended
the suspense over the future of its chief executive on
Wednesday, saying its board had asked German-born Tom Enders to
serve for at least one more term after his mandate expires in
2016.

Chairman Denis Ranque announced the move at the start of an
annual shareholder meeting marked by continuing efforts by the
planemaker to demonstrate political independence from its
founding nations while trumpeting European integration.

May 27, 2015

Airbus ready to speed A350 assembly to meet targets

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) is poised to increase assembly of its latest A350 model after getting off to a deliberately slow start to curb risks, the head of Airbus programmes, Didier Evrard, said.

After delivering one aircraft in December and another in the first quarter, Airbus is ready to pick up the pace by delivering about six between now and August, leaving eight more to complete to reach a target of 15 for the whole of 2015.

May 26, 2015

Air France faces probe after jet narrowly avoids mountain

PARIS (Reuters) – French investigators have opened a probe after an Air France jet with some three dozen people on board narrowly avoided hitting the highest mountain in central Africa in early May, according to information published by France’s BEA air accident agency.

The Boeing 777 jet was making a short evening trip from Malabo, the capital of Equatorial Guinea, to Cameroon’s largest city of Douala where it was due to pick up more passengers en route to Paris, when it ran into bad weather on May 2.

May 20, 2015

Airbus says British exit from EU would pose ‘huge’ risks

LONDON, May 20 (Reuters) – European aerospace giant Airbus
has weighed into a debate about Britain’s future in Europe,
warning of job losses and “huge” economic risks if the country
votes to leave the European Union in a referendum to be held by
2017.

A decision to quit the EU would raise doubts about Airbus’s
long-term future investments in the country, the company’s top
UK representative said, although the time needed to transfer
manufacturing skills meant it could not easily shift its current
operations. Airbus employs 16,000 people in the UK.

May 19, 2015

Airbus orders checks on A400M engine system after crash

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) on Tuesday ordered engine software checks on the A400M military aircraft following the recent fatal crash of Europe’s new troop and cargo carrier.

The request comes after the discovery of a potential anomaly in the system running the plane’s turboprop engines.

May 13, 2015

Investigators seek quick clues on A400M crash despite data hitch

PARIS (Reuters) – Investigators hope to have preliminary clues within 48 hours on what caused an Airbus military plane to crash with the loss of four lives, but must first overcome technical difficulties in reading crucial flight data, a French military official said.

The Airbus A400M troop and cargo plane crashed shortly after takeoff outside Seville on Saturday, prompting four nations to ground the plane and France to limit its use to essential operations. Spain also withdrew permission for flight tests.

May 13, 2015

Thales drops plan to split top roles after Proglio snub

PARIS, May 13 (Reuters) – France’s Thales moved
quickly on Wednesday to overcome a snub by one of France’s
leading businessmen, asking its chief executive to lead the
board after Henri Proglio refused to accept the chairmanship of
Europe’s largest defence electronics group.

The surprise decision by Proglio to walk away from the
non-executive job scuppered a plan to split the two senior roles
that was designed to smooth relations between the French state
and industrial shareholder Dassault Aviation.

May 11, 2015

Airbus shares fall after A400M military plane crash

PARIS (Reuters) – Shares in Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) fell on Monday after the weekend crash of an A400M military plane increased investors’ anxieties over Europe’s largest and heavily delayed defense project, while the planemaker pledged to overcome the tragedy.

Shares in Europe’s largest aerospace group, which hit a record high in April, fell 3.8 percent to 61 euros in morning trading, erasing gains seen in the previous week.