PARIS, Feb 19 (Reuters) – Air France-KLM stepped
up cost cuts and said it would slash 600 million euros from its
planned investments in its latest bid to tackle a stagnating
Europe’s second-largest traditional network carrier after
Germany’s Lufthansa also eased its debt-reduction
goals as a weak euro threatens to dampen the benefits of lower
PARIS, Feb 17 (Reuters) – France is in the “final stage” of
negotiations to sell up to 36 Rafale warplanes to Qatar, a
senior French source involved in the discussions said on
Manufacturer Dassault Aviation is also in talks
aimed at supplying 16 of the multi-role combat jets to Malaysia
and has resumed discussions over potential fighter sales to the
United Arab Emirates (UAE), the source said.
PARIS, Feb 13 (Reuters) – The arms deal that eluded France
for 20 years, its first foreign order for the Rafale combat jet,
came with a Thursday evening phone call crowning weeks of
diplomacy carried out with unusual speed and stealth.
Egypt’s decision to buy 24 of the Dassault Aviation
fighters follows failures by successive French
governments to sell the plane and leapfrogs three years of
inconclusive talks for a 126-plane contract with India.
PARIS/MUNICH, Jan 29 (Reuters) – Airbus Group shook
up the management and the organisation of the A400M military
transport programme on Thursday after the latest in a long
series of delays and technical problems to beset Europe’s
largest defence project.
Chief Executive Tom Enders acted two days after apologising
in Britain over the delays and promising to apply internal
“consequences,” in an effort to stabilise a programme facing
possible new financial charges.
SINGAPORE/PARIS (Reuters) – Investigators probing the crash of an AirAsia jetliner are examining maintenance records of a key part of its automated control systems, and how the pilots may have handled the plane if it failed, two people familiar with the matter said.
An outage of the twin Flight Augmentation Computers (FAC) could not have directly caused the Dec. 28 crash, experts say, but without them the pilots would have had to rely on manual flying skills that are often stretched during a sudden airborne emergency.
PARIS/ISTANBUL, Jan 26 (Reuters) – Turkish Airlines
is in negotiations to obtain 10 or more Airbus A380
jets in a deal potentially worth $4 billion based on a direct
purchase at catalogue prices, two people familiar with the
A deal, if finalised, would be the first airline order for
the double-decker jet since Dubai’s Emirates boosted its order
at the Dubai Airshow in November 2013, but the people cautioned
there had been false alarms about a Turkish order in the past.
DUBLIN (Reuters) – India faces growing pressure over financial uncertainty at budget carrier SpiceJet after leasing company BOC Aviation demanded the return of three leased aircraft, in what is seen as a test of global rules on aircraft investments.
The leasing arm of Bank of China warned in an interview that India’s fast-growing airline industry could struggle to attract funds unless India upholds a pact designed to protect the owners of leased jets, widely used across the world.
DUBLIN, Jan 21 (Reuters) – India faces growing pressure over
financial uncertainty at budget carrier SpiceJet after
leasing company BOC Aviation demanded the return of three leased
aircraft, in what is seen as a test of global rules on aircraft
The leasing arm of Bank of China warned in an interview that
India’s fast-growing airline industry could struggle to attract
funds unless India upholds a pact designed to protect the owners
of leased jets, widely used across the world.
DUBLIN/FRANKFURT (Reuters) – Business leaders in Europe gave a mixed welcome to the European Central Bank’s moves to bolster growth and inflation in the euro area on Thursday, with many – especially in Germany – concerned the program could delay unpopular economic reforms.
The ECB launched a government bond-buying program despite opposition from Germany’s Bundesbank and concerns in Berlin. Supporters say it will get credit flowing to boost growth.
DUBLIN (Reuters) – The head of Europe’s largest specialist aviation finance firm has criticised plans by the European Central Bank to inject tens of billions of euros into the eurozone economy, saying it could delay urgently needed reforms.
Aengus Kelly, chief executive of Amsterdam-based aircraft leasing company AerCap, warned that some companies would take unnecessary risks due to the flood of cheaper money while weaker ones would try to muddle through without restructuring.