(Reuters) – Canada’s Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) and Indonesia’s Lion Air confirmed on Thursday the two companies are in talks over a possible deal for the planemaker’s new CSeries jets.
Lion Air’s chief executive and co-founder, Rusdi Kirana, said the airline was interested in buying the larger version of the narrow-body CS100 jet, which staged its maiden flight last week. Bombardier is aiming to break into a market dominated by Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) and Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz).
PARIS (Reuters) – Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) will launch a short-range “Regional” version of its best-selling A330 wide-bodied jet at an airshow in China on Wednesday, industry sources said.
The announcement may come with a new order for the aircraft, which will be adapted for shorter and more frequent trips than the current long-distance version. Airbus is acting in part to capture burgeoning growth in China’s crowded domestic market.
LONDON, Sept 24 (Reuters) – Airbus revised higher
its long-term demand forecast by 3.6 percent on Tuesday, saying
the aviation industry would need 29,226 new passenger and
freight jets worth $4.4 trillion over the next 20 years, led by
growth in Asia.
The new 20-year forecast includes 28,355 passenger jets, up
3.7 percent from its previous estimate a year ago, and 871
freighters, up 1.6 percent.
PARIS (Reuters) – Air France-KLM (AIRF.PA: Quote, Profile, Research, Stock Buzz) deferred a decision on whether to offer more help for struggling Alitalia CAITLA.UL on Monday, saying it needed more information about its Italian partner’s finances.
Air France-KLM said a board meeting – held hours after Italy opened the door to a takeover by inviting the Franco-Dutch carrier to double its 25 percent stake – had discussed its own management’s view of loss-making Alitalia’s predicament.
PARIS, Sept 23 (Reuters) – Air France-KLM became
the subject of a tug of war over its role in crisis-torn Italian
partner Alitalia on Monday as Rome invited it to double its
stake, while its own shareholders and unions looked ready to
resist any new lifeline.
The board of Air France-KLM, which owns 25 percent of
Alitalia after helping it out of bankruptcy in 2008, was due to
meet at 1600 GMT as Alitalia prepares to tap shareholders for
cash for a second time this year, people close to the matter
BRUSSELS (Reuters) – Fears of an aviation trade war eased on Thursday after the European Union offered to abandon attempts to apply its rules for curbing emissions outside its airspace in exchange for international co-operation to set up a global scheme.
A provisional deal at the governing council of the United Nations’ aviation body on Wednesday was seen as a diplomatic breakthrough after more than year of tensions between the EU and a broad front of critics led by China and the United States.
By Tim Hepher
(Reuters) – Europe’s Eurocopter is confident of winning new contracts to maintain a 325,000 square-foot factory in Mississippi, despite uncertainty over delayed U.S. proposals to develop new reconnaissance helicopters.
In 2006, Eurocopter landed a $3 billion contract to supply 352 Light Utility Helicopters (LUH) and trebled the size of a plant in Columbus, Mississippi, in order to build them for the U.S. Army.
PARIS (Reuters) – After focusing for years on jetliners that could fly ever further, the world’s leading planemakers are turning to shorter range aircraft that appeal to airlines reluctant to pay for performance they don’t need.
Boeing (BA.N: Quote, Profile, Research, Stock Buzz) and Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) have spent billions of dollars building advanced jets capable of flying a third of the way round the world non-stop, but economic change has forced a new adjustment in strategy.
PARIS/MADRID, Aug 2 (Reuters) – Spain has moved to halve its
planned deployment of Airbus A400M military airlifters by
offering the rest for export, casting a fresh shadow over
Europe’s largest defence project even as France receives the
first of the aircraft, defence sources said.
The move is the latest sign of pressure on crisis-hit
European nations that bought the long-awaited troop carrier,
which itself had to be rescued because of a cost blowout
blamed on technical, management and political errors.
PARIS (Reuters) – EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) will take the name of its flagship brand Airbus and target higher profits by combining defense and space units, Europe’s top aerospace group confirmed on Wednesday, in a move that could involve job cuts.
Nine months after giving in to political opposition to his attempt to merge with UK arms firm BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz), Chief Executive Tom Enders declared civil jets the main “growth engine” for EADS investors, who pushed shares to new highs.