Tim's Feed
Nov 18, 2013

After huge orders, Airbus and Boeing sign Gulf supply deals

DUBAI (Reuters) – Airbus and Boeing agreed to triple purchases of parts and materials from Abu Dhabi in deals worth over $5 billion on Monday, as Gulf states seek a reciprocal boost to their economies from huge orders they have placed with the planemakers.

A shift of emphasis on day two of the Dubai Airshow accelerated the growth in aircraft parts manufacturing in countries where demand is strongest and will spread part of the profits generated by $150 billion of brand-new plane orders.

Nov 18, 2013

Boeing executives upbeat about future of F/A-18 fighter

DUBAI, Nov 18 (Reuters) – Top Boeing Co executives
are upbeat about the future of the F/A-18 Super Hornet fighter
jet and see a good chance of winning additional U.S. and
international orders that would keep the production line running
past 2016.

Boeing Chief Executive Jim McNerney told reporters at the
Dubai Airshow it was difficult to predict future orders given
continued uncertainty about the U.S. budget.

Nov 17, 2013

Gulf carriers’ 15 minutes of jet order hysteria

DUBAI (Reuters) – It was a security consultant’s nightmare and a moment to savor – royalty, airline bosses, planemakers and press hordes wedged into the same overcrowded room wanting to see the same thing: the color of money in the oil-rich and fast-growing Gulf.

Gulf airlines dropped $100 billion in 15 minutes on the opening day of the Dubai Airshow, as they ordered hundreds of passenger jets to expand a common ambition to turn the region into a global aviation hub.

Nov 17, 2013

Emirates says to order more A380s at Dubai airshow

DUBAI, Nov 17 (Reuters) – Dubai flag carrier Emirates
will buy more Airbus A380 superjumbos, the
airline’s chairman said at the opening of the Dubai Airshow on
Sunday, adding total plane orders would exceed the $18 billion
agreed at the last event in 2011.

The airline is the largest customer of the A380s, with a
current order of 90 jets.

Nov 16, 2013

Dubai Airshow to open with Gulf spending spree

DUBAI (Reuters) – Gulf airlines are set to place orders worth over $100 billion as the Dubai Airshow gets under way on Sunday, industry sources said, led by record investment in a new Boeing jet.

The birth of a revamped successor to Boeing’s 777 jet, with some 250 orders booked or in the pipeline from four airlines, marks a new step in the growth of Gulf airlines and a fierce contest between Boeing and Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) for their business.

Nov 14, 2013

Airbus raises order goal but doubts grow over A380 output

PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research) posted higher profits and raised its forecast for new aircraft orders and deliveries on Thursday but doubts grew over production rates for its flagship A380 as recession softens demand for the world’s biggest jetliner.

Europe’s largest aerospace group posted a 22 percent increase in its underlying nine-month operating profit to 2.3 billion euros ($3.1 billion), in line with market forecasts.

Nov 14, 2013

EADS raises Airbus forecasts as nine-month profit rises

PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) raised its forecast for passenger jet orders and deliveries on Thursday as it posted a 22 percent increase in underlying nine-month operating profit to 2.3 billion euros ($3.1 billion).

Europe’s largest aerospace group said it now expected more than 1,200 commercial jet orders and up to 620 deliveries in 2013, but warned it faced “significant challenges” on cash generation and the development of its new A350 jetliner.

Nov 14, 2013

EADS raises Airbus forecasts as 9-mth profit rises

PARIS, Nov 14 (Reuters) – Airbus parent EADS raised
its forecast for passenger jet orders and deliveries on Thursday
as it posted a 22 percent increase in underlying nine-month
operating profit to 2.3 billion euros ($3.1 billion).

Europe’s largest aerospace group said it now expected more
than 1,200 commercial jet orders and up to 620 deliveries in
2013, but warned it faced “significant challenges” on cash
generation and the development of its new A350 jetliner.

Nov 14, 2013

RPT/AIRSHOW-$100 bln Boeing order bonanza to dominate Dubai show

DUBAI/PARIS, Nov 13 (Reuters) – Boeing looks set to
dominate next week’s Dubai Airshow with more than $100 billion
of deals as it aims to launch its latest long-haul jet with up
to 250 potential orders from as many as five airlines, industry
sources said.

The U.S. planemaker is pressing ahead with the launch of its
777X mini-jumbo despite uncertainty over where it will be made,
with workers at the existing 777 plant outside Seattle holding a
ballot over a new employment contract on Wednesday.

Nov 13, 2013

$100 billion Boeing order bonanza to dominate Dubai show

DUBAI/PARIS (Reuters) – Boeing (BA.N: Quote, Profile, Research, Stock Buzz) looks set to dominate next week’s Dubai Airshow with more than $100 billion of deals as it aims to launch its latest long-haul jet with close to 250 potential orders from five airlines, industry sources said.

The U.S. planemaker is pressing ahead with the launch of its 777X mini-jumbo despite uncertainty over where it will be made, with workers at the existing 777 plant outside Seattle holding a ballot over a new employment contract on Wednesday.