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Nov 13, 2014

Exclusive: Lion Air plans IPO for new airport, nears Airbus deal

PARIS (Reuters) – Indonesia’s Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief executive Rusdi Kirana said.

The owner of one of the world’s fastest-growing airlines, Lion Air, is also close to placing an order for Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) A330 wide-body jets, which it plans to use for busy domestic routes as it runs short of airport slots for smaller jets.

Nov 13, 2014

Lion Air plans IPO for new airport, nears Airbus deal

PARIS, Nov 13 (Reuters) – Indonesia’s Lion Group is pushing
forward with revived plans for a 2016 initial public offering
now designed to fund an airport vital to securing its growth,
chief executive Rusdi Kirana said.

The owner of one of the world’s fastest-growing airlines,
Lion Air, is also close to placing an order for Airbus
A330 wide-body jets, which it plans to use for busy domestic
routes as it runs short of airport slots for smaller jets.

Nov 6, 2014

Turkey’s Atlasjet in $3 billion provisional Airbus jet order: sources

ISTANBUL/PARIS (Reuters) – Turkey’s Atlasjet has reached a preliminary deal with European planemaker Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said.

The tentative agreement covers current-generation A321ceo jets, but the number of units and other details have not been finalised, the people said, asking not to be identified because the talks are confidential.

Nov 6, 2014

Turkey’s Atlasjet in $3 bln provisional Airbus jet order-sources

ISTANBUL/PARIS, Nov 6 (Reuters) – Turkey’s Atlasjet has
reached a preliminary deal with European planemaker Airbus
to buy around 30 aircraft worth $3 billion at list
prices as it expands in eastern Europe and central Asia, two
people familiar with the matter said.

The tentative agreement covers current-generation A321ceo
jets, but the number of units and other details have not been
finalised, the people said, asking not to be identified because
the talks are confidential.

Nov 6, 2014

A decade on, airlines push for delayed European skies reform

PARIS/BERLIN, Nov 6 (Reuters) – Airlines urged the European
Union on Thursday to press ahead with plans to merge national
air corridors, rekindling debate about a reform that risks
confrontation with air traffic controllers over safety and jobs.

The call came as EU transport ministers gathered in Rome for
informal talks to try to accelerate a plan to integrate some of
the world’s most crowded airways, which has drifted since the
so-called Single European Sky scheme was launched a decade ago.

Nov 6, 2014

CIT says China needs more jets, dismisses talk of glut

PARIS (Reuters) – Airlines in China and East Asia have ordered too few passenger jets, leasing company CIT Aerospace said, striking a contrast with recent industry warnings of an aviation capacity glut.

While a purchasing boom by low-cost carriers in Southeast Asia has sparked concerns about a surplus in those countries, CIT and other industry watchers say China’s problem concerning the latest generation of jets is one of under-ordering.

Nov 5, 2014

France, UK award contracts to study new combat drone

PARIS, Nov 5 (Reuters) – France and Britain took a new step
towards developing the unmanned fighter planes of the future by
commissioning studies for a combat drone that could be ready for
deployment in 2030.

Western Europe’s two largest military powers awarded
contracts to six companies including France’s Dassault Aviation
and Britain’s BAE Systems for a two-year
feasibility study worth 150 million euros, guaranteeing funding
for co-operation plans first sketched out earlier this year.

Oct 29, 2014

Air France-KLM sees more belt-tightening after pilot strike

PARIS, Oct 29 (Reuters) – Air France-KLM said it
would limit investments and accelerate cost controls next year
to mop up the remaining impact of a recent pilots’ strike that
helped slash its operating profit by more than half in the third
quarter.

Europe’s second-largest network carrier by revenues said the
interim measures were needed to secure a smooth transition
between two successive turnaround plans, after the cash-draining
strike slowed down its progress towards debt reduction.

Oct 24, 2014

Strike costs, oil effect in focus for Europe’s airlines

BERLIN/PARIS, Oct 24 (Reuters) – Europe’s airlines will feel
the full benefits of lower oil prices only next year and third
quarter results from Lufthansa and Air France-KLM
will show the damage done by recent strikes.

After years of painful adjustment to high fuel costs, the
recent drop in oil prices may seem an obvious windfall for
airlines but hedging strategies and currency effects soften its
impact and some analysts fear it could herald an era of falling
yields.

Oct 23, 2014

Outgoing Thales CEO says new focus to hold as orders rise

PARIS, Oct 23 (Reuters) – The outgoing head of France’s
Thales sought to reassure investors that a new global
focus at the aerospace and defence group was irreversible, as he
unveiled his last quarterly figures containing a boost from
developing economies.

The company on Thursday reported flat nine-month revenue and
3 percent growth in orders, kept aloft by a 10 percent rise in
the intake from emerging markets as European defence cuts bite.