Tim's Feed
Feb 25, 2014

Airbus faces tough battles over A330 longevity plan

SINGAPORE/PARIS (Reuters) – As Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) races through flight testing of its newest plane, the next-generation A350, Europe’s planemaker faces growing battles to secure a future for the A330, until now its only truly lucrative wide-body jet.

Twenty years after it entered service, the 250 to 300-seat jet has repeatedly been pronounced dead by rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) but refuses to lie down, outliving its A340 sibling and surviving for now the arrival of lighter new jets like Boeing’s 787 and the A350.

Feb 25, 2014

Analysis: Airbus faces tough battles over A330 longevity plan

SINGAPORE/PARIS (Reuters) – As Airbus (AIR.PA: Quote, Profile, Research) races through flight testing of its newest plane, the next-generation A350, Europe’s planemaker faces growing battles to secure a future for the A330, until now its only truly lucrative wide-body jet.

Twenty years after it entered service, the 250 to 300-seat jet has repeatedly been pronounced dead by rival Boeing (BA.N: Quote, Profile, Research) but refuses to lie down, outliving its A340 sibling and surviving for now the arrival of lighter new jets like Boeing’s 787 and the A350.

Feb 21, 2014

Exclusive: Testing detente, U.S. firms move to sell jet parts to Iran

By Tim Hepher and Andrea Shalal

(Reuters) – U.S. aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran’s nuclear activities.

At least two leading manufacturers, Boeing (BA.N: Quote, Profile, Research, Stock Buzz) and engine maker General Electric (GE)(GE.N: Quote, Profile, Research, Stock Buzz), have applied for export licenses in a six-month window agreed by Iran and six world powers in November, industry officials and other sources familiar with the matter said.

Feb 21, 2014

Testing detente, U.S. firms move to sell jet parts to Iran

Feb 21 (Reuters) – U.S. aerospace companies are seeking
permission to sell airliner parts to Iran for the first time in
three decades, in a key test of the temporary relief on
sanctions given under talks to curtail Iran’s nuclear
activities.

At least two leading manufacturers, Boeing and engine
maker General Electric (GE), have applied for export
licences in a six-month window agreed by Iran and six world
powers in November, industry officials and other sources
familiar with the matter said.

Feb 21, 2014

Britain lifts flying suspension on Airbus-made Voyager fleet

LONDON, Feb 21 (Reuters) – Britain has lifted a flying
suspension on its fleet of six Airbus-made Voyager
military aircraft, the operator of the aircraft said on Friday.

The Royal Air Force said on Feb. 12 that it had stopped
flying its Voyager fleet after an “inflight issue” on Feb. 9.
Two sources told Reuters that the plane plummeted around 4,000
feet while flying over Turkey.

Feb 20, 2014

Safran profits rise on strong aftermarket for aero engines

PARIS, Feb 20 (Reuters) – Record demand for new jet engines
and stronger than expected maintenance activity for those
already flying lifted profits at Safran last year and
the French group said it expected that growth to continue.

However, some analysts said the aerospace, security and
defence firm’s forecast for group revenue and profit in 2014 was
not as strong as hoped for and the shares were down 1.7 percent
at 52.60 euros by 0849 GMT.

Feb 19, 2014

Thales core profit up, confident on order intake

PARIS, Feb 19 (Reuters) – France’s Thales
signalled a continued offensive in emerging markets on Wednesday
after Gulf defence contracts helped boost its order intake in
2013, while in western Europe military cuts continued to bite.

Chief Executive Jean-Bernard Levy announced a drive to
reduce the dependence of Europe’s largest defence electronics
firm on domestic defence markets as it tries to break out of a
pattern of several years of sluggish revenues.

Feb 14, 2014

Airbus buys German lender to create company bank

PARIS, Feb 14 (Reuters) – Airbus Group pressed
ahead with post-Lehman plans to acquire its own banking licence
on Friday, saying it would buy small German lender Salzburg
Muenchen Bank AG to boost its financing options.

The European aerospace group, formerly known as EADS, first
dislcosed the plans in 2012 after becoming concerned about where
to place its large cash pile during the credit crisis.

Feb 11, 2014

Airbus says Asia-Pacific will be key driver of growth

SINGAPORE (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) claimed bragging rights as the Asia-Pacific’s dominant aircraft supplier on Tuesday, saying the region’s fast growing economies and rising passenger demand will continue to drive demand over the next 20 years.

The European planemaker said that in 2013, it won 80 percent of all new business in the Asia-Pacific with 379 firm orders. It also delivered 331 new aircraft, or over half of all new planes that entered into service with the region’s airlines, it added.

Feb 7, 2014

Airshow – Planemakers look to ink Asia deals despite emerging market worries

SINGAPORE (Reuters) – Aerospace firms will finalise billions of dollars of deals at next week’s Singapore Airshow, hoping to ride out a storm in emerging markets whose prosperity is vital to their plans to keep producing record numbers of jets.

Asia’s largest aerospace gathering is usually a “show and tell” event where executives come to mingle with some of the world’s biggest long-haul carriers and Asia’s ambitious new travel tycoons, as well as the region’s busy military buyers.