Tim's Feed
Oct 15, 2014

Airbus to pass 1,000 net orders after IndiGo deal: exec

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) looks set to exceed 1,000 net orders this year after securing a provisional deal with Indian carrier IndiGo for 250 revamped A320neo jets, its sales chief said on Wednesday.

In the first nine months of 2014, Airbus lagged rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) with 791 net orders. Gross orders, before adjustments for model conversions or cancellations, stood at 1,077 aircraft.

Oct 15, 2014

IndiGo agrees record 250 Airbus jet order

NEW DELHI/PARIS (Reuters) – Indian budget airline IndiGo has agreed to buy 250 A320 planes from Airbus (AIR.PA: Quote, Profile, Research), a purchase that could be worth nearly $26 billion and rank as the largest single order of jets from the European planemaker.

India’s biggest airline is expanding aggressively as it seeks to win more market share in one of the world’s fastest growing aviation markets and cement its position as the country’s only profitable carrier.

Oct 15, 2014

Indian airline IndiGo agrees record 250 Airbus jet order

NEW DELHI/PARIS, Oct 15 (Reuters) – Indian budget airline
IndiGo has agreed to buy 250 A320 planes from Airbus, a
purchase that could be worth nearly $26 billion and rank as the
largest single order of jets from the European planemaker.

India’s biggest airline is expanding aggressively as it
seeks to win more market share in one of the world’s fastest
growing aviation markets and cement its position as the
country’s only profitable carrier.

Oct 9, 2014

French court suspends Airbus insider trading trial

PARIS (Reuters) – French judges on Friday effectively suspended a trial involving allegations of insider trading in the shares of Airbus Group to allow a higher court to rule on whether the long-awaited procedure was constitutional.

The latest abrupt twist in one of the most high-profile corporate cases of recent years came after defense teams urged the French court system to take note of a recent European judgment upholding the right not to be tried twice.

Oct 9, 2014

CFM begins flight tests of new jet engine -sources

PARIS, Oct 9 (Reuters) – Transatlantic aero engines joint
venture CFM International has begun flight testing of its
LEAP-1C engine, which is being developed for China’s new C919
jetliner, industry sources said on Thursday.

The move marks a milestone not only for Chinese planemaker
Comac, but also for Europe’s Airbus, which plans to use
a very similar version of CFM’s new LEAP engine as one of the
choices for its upgraded A320neo aircraft.

Oct 7, 2014

Airbus sets out plans to reduce Dassault stake

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) on Tuesday sketched out the opening steps of a plan to unwind its 46 percent holding in Dassault Aviation (AVMD.PA: Quote, Profile, Research, Stock Buzz), saying it was weighing the possibility of selling a 10 percent stake by placing it with financial institutions.

The European planemaker’s chief spokesman said such a move, if it went ahead, would be combined with a further reduction of the company’s shareholding by taking part in a share buyback being prepared separately by Dassault Aviation.

Oct 7, 2014

Further delay looms in Airbus insider trading trial

PARIS (Reuters) – Prosecutors in the Airbus insider trading case suffered another setback on Tuesday when a Paris court refused to accept the prosecution dossier, a move which could further delay one of France’s most keenly awaited corporate trials.

In a rare decision, judges at the Paris criminal court ordered that the lengthy legal file giving the reasons for the charges should be sent back to an investigating magistrate for revisions after defense lawyers argued that it was flawed.

Oct 6, 2014

Boeing to build some 777X parts in St. Louis: sources

PARIS/WASHINGTON (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) plans to start building some parts of its 777X commercial airliner at the company’s huge defense business facility in St. Louis, a move that will add hundreds of jobs in several years, according to sources familiar with the decision.

The news comes days after Boeing announced plans to shift defense services and support work out of Washington state, a separate and unrelated decision that could also add hundreds of jobs to the St. Louis area, the sources said on Monday.

Oct 3, 2014

Airbus insider trading trial opens in France

PARIS, Oct 3 (Reuters) – A long-awaited French corporate
trial involving allegations of insider trading in the shares of
Airbus Group got under way on Friday, marking the
climax of an eight-year investigation.

Seven current and former managers at Europe’s largest
aerospace group, and two former industrial shareholders, are
accused of trying to profit from inside knowledge of problems
with two jet developments and a deteriorating financial outlook
when they sold shares in what was then EADS in 2006.

Oct 3, 2014

French court to begin Airbus insider trading trial

PARIS, Oct 3 (Reuters) – A long-awaited French corporate
trial involving allegations of insider trading in the shares of
Airbus Group gets under way on Friday, marking the
climax of an eight-year investigation.

Seven current and former managers at Europe’s largest
aerospace group, and two former industrial shareholders, are
accused of trying to profit from inside knowledge of problems
with two jet developments and a deteriorating financial outlook
when they sold shares in what was then EADS in 2006.