Tim's Feed
Dec 10, 2014

Airbus shares slump after 2016 profit warning

BERLIN/GENEVA, Dec 10 (Reuters) – Shares in Airbus
suffered their worst drubbing in more than six years on
Wednesday after the planemaker predicted flat profits in 2016, a
year in which investors had expected it to start feeling the
benefit of new and recently upgraded models.

The world’s second-largest planemaker after Boeing
was also forced to scrap a ceremony to mark the first delivery
of its new A350 jetliner to Qatar Airways on Saturday, after the
Gulf airline said it was delaying the handover indefinitely.

Dec 10, 2014

Report recommends flight tracking, airlines balk at deadline

GENEVA (Reuters) – An aviation industry task force has recommended that airlines should install available flight-tracking systems within 12 months following the disappearance of a Malaysian jetliner with 239 people on board.

But in a sign of the difficulties of agreeing a prompt response to the disappearance of Flight 370, the group representing global airlines, which chairs the industry task force, said it did not believe the deadline was practical.

Dec 9, 2014

EU rattles airlines with proposal to act alone on flight-tracking

PARIS, Dec 9 (Reuters) – The European Union is weighing up
plans to impose flight-tracking unilaterally in response to the
disappearance of a Malaysian jetliner, threatening a backlash
from airlines over timing and costs, people familiar with the
matter said.

The disappearance of Flight 370 in March sparked efforts by
global regulators and the airline industry to agree on systems
to track planes, reviving a stalled recommendation from French
investigators following the crash of an Air France jet in the
Atlantic in 2009.

Dec 5, 2014

Safran taps Petitcolin as next CEO, McInnes as chairman

PARIS, Dec 5 (Reuters) – French aerospace group Safran
on Friday named Philippe Petitcolin as its next chief
executive and Ross McInnes as the future chairman, picking
internal candidates as it seeks to deliver on promises over a
new generation of jet engines.

The decision ends months of uncertainty over the successor
to Jean-Paul Herteman, whose chairman and CEO roles will be
split when he retires on April 23, Safran said after a board
meeting.

Dec 5, 2014

Airbus lags Boeing but faces tense end to order race

PARIS (Reuters) – Europe’s Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) sold 248 jets in November, but remained behind Boeing (BA.N: Quote, Profile, Research, Stock Buzz) as both planemakers accelerated towards what could be a tight finish to their annual order race.

November’s Airbus sales included a total of 120 A320-family aircraft to three unidentified customers.

Nov 30, 2014

Europe targets Ariane deal to stay in commercial space race

BERLIN/PARIS, Nov 30 (Reuters) – Weeks after its dramatic
coup in landing a probe on a speeding comet, Europe is hoping a
last-minute deal to provide funding for the workhorse Ariane
rocket will prevent its space ambitions falling back to earth
this week.

Anxious to preserve its own access to space, the 20-nation
European Space Agency will seek to put aside differences over
how to respond to U.S. low-cost rival SpaceX and safeguard
thousands of high-tech jobs at ministerial talks on Tuesday.

Nov 28, 2014

Airbus sells part of Dassault back to French planemaker

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) sold 8 percent of Dassault Aviation (AVMD.PA: Quote, Profile, Research, Stock Buzz) back to the French planemaker in a deal worth 794 million euros on Friday – the first step toward unwinding an awkward 16-year-old link to its defense market rival.

The move will result in a net reduction of Airbus Group’s stake from 46.3 percent to 42.1 percent after taking account of Dassault’s plans to cancel the shares along with a further 1 percent acquired in a separate buyback, the companies said.

Nov 27, 2014

Airbus could shed full Dassault stake by end of 2015 – sources

PARIS, Nov 27 (Reuters) – Airbus Group and Dassault
Aviation aim to oversee the complete sale of Airbus’s
4.8 billion-euro stake in the French planemaker by the end of
next year, two people familiar with the matter said.

Plans to reduce the 46.3-percent stake were recently put on
hold due to market volatility and Airbus Group said earlier this
month there would be a second window of opportunity in early
2015.

Nov 19, 2014

Insight: Airbus deepens carmaker thinking to drive jet output

PARIS (Reuters) – An industrial drumbeat is picking up in European aircraft factories as Airbus borrows a new range of carmaking strategies to keep pace with record demand.

Technologically, modern jetliners have more in common with a custom-built Formula 1 than a family saloon.

Nov 19, 2014

Airbus deepens carmaker thinking to drive jet output

PARIS, Nov 19 (Reuters) – An industrial drumbeat is picking
up in European aircraft factories as Airbus borrows a
new range of carmaking strategies to keep pace with record
demand.

Technologically, modern jetliners have more in common with a
custom-built Formula 1 than a family saloon.