Tim's Feed
Sep 11, 2014

Air France-KLM sees profit boost from new strategic plan

PARIS, Sept 11 (Reuters) – Air France-KLM pledged
to improve its core earnings by 8 to 10 percent a year through
2017 as part of a new strategic plan combining an assault on the
European leisure market with efforts to improve its appeal to
long-haul travellers.

The Perform 2020 plan calls for new planes for its Transavia
low-cost unit in Europe, coupled with further restructuring of
loss-making activities. Details were released ahead of an
investor meeting later on Thursday.

Sep 10, 2014

U.S. Ex-Im bank would back Airbus sales -Hochberg

WASHINGTON, Sept 10 (Reuters) – The U.S. Export-Import Bank
would provide financing for exports of Airbus Group
jetliners, provided they were assembled in the United States
with sufficient content from domestic suppliers, the bank’s head
said on Wednesday.

“We’re about U.S. jobs,” Ex-Im Bank President Fred Hochberg
told the Reuters Aerospace and Defense Summit in Washington.

Sep 10, 2014

U.S. Ex-Im bank would back Airbus export sales, chief says

WASHINGTON (Reuters) – The U.S. Export-Import Bank would provide financing for exports of Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) jetliners, provided they are assembled in the United States with sufficient content from U.S. suppliers, the bank’s head said on Wednesday.

“We’re about U.S. jobs,” Ex-Im Bank President Fred Hochberg told the Reuters Aerospace and Defense Summit in Washington.

Sep 9, 2014

Thales warns on UK investment if Scotland backs independence

BORDEAUX, France, Sept 9 (Reuters) – The head of one of
Britain’s largest defence suppliers, France’s Thales,
has voiced concerns over jobs and investment if Scotland votes
to leave the United Kingdom.

Speaking to Reuters as polls showed a surge in support for
Scottish independence, nine days away from a referendum, Thales
Chief Executive Jean-Bernard Levy said a ‘yes’ vote would create
uncertainty over investments on both sides of the border.

Sep 5, 2014

Ryanair seen close to placing new $10 billion Boeing order

PARIS/DUBLIN (Reuters) – Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) is in advanced talks to buy around 100 of a high-density version of Boeing’s 737 MAX jetliner in a potential $10 billion deal that could be finalized within weeks, two people familiar with the matter said.

The move comes two months after Boeing said it was studying plans to offer more seating in its upcoming 737 MAX by introducing a modified version with 200 seats, 11 more than the current maximum.

Sep 4, 2014

Air France-KLM accelerates low-cost plans, cargo cuts

PARIS, Sept 4 (Reuters) – Air France-KLM announced
plans on Thursday to speed up the development of its low-cost
unit and cut back freighter operations in its latest efforts to
boost competitiveness.

Europe’s second-largest traditional carrier by revenue said
its board had approved a plan to open new bases under the
Transavia low-cost brand in Europe.

Sep 4, 2014

Boeing beats Airbus on jet orders as both top 1,000 this year

PARIS/NEW YORK (Reuters) – Airbus and Boeing both topped 1,000 new jet orders in the first eight months of the year, but Boeing is far ahead after adjusting for cancellations.

Chicago-based Boeing also has delivered more planes this year than its European rival, hanging on to the title of world’s largest plane maker.

Aug 7, 2014

Cockpit voice recorder in crashed Air Algerie jet unintelligible

PARIS (Reuters) – Cockpit voice recordings from an Air Algerie jet that crashed last month in northern Mali are unintelligible, investigators said on Thursday, depriving them of vital clues on what sent it into a sudden plunge that killed all 116 passengers and crew.

The McDonnell Douglas MD-83 aircraft, en route to Algiers, smashed into the ground on July 24 south of the Malian town of Gossi, near the border with Burkina Faso.

Aug 4, 2014

Airbus wins 980 gross orders, 705 net in Jan-July

PARIS, Aug 4 (Reuters) – Airbus overtook Boeing
in unadjusted aircraft orders for 2014 after last month’s
Farnborough Airshow, but continued to lag its U.S. rival when
taking into account cancellations, company data showed on
Monday.

The Airbus Group planemaking subsidiary won 980 aircraft
orders between January and July, and said it had 705 net orders,
beating its newly introduced net order target for the year.

Aug 1, 2014

Airbus, Boeing wide-body jet battle triggers warnings of oversupply

PARIS (Reuters) – Airbus’s (AIR.PA: Quote, Profile, Research, Stock Buzz) summer sales campaign with the new A330neo airliner has triggered warnings of potential oversupply in the wide-body market and of a bruising price battle as the older-generation model undercuts rival Boeing’s (BA.N: Quote, Profile, Research, Stock Buzz) 787 Dreamliner.

Two weeks after Airbus announced a revamp of its A330 at the Farnborough Airshow, the battle for wide-body sales is heating up as Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) seeks to renew part of its fleet.