Tim's Feed
Jul 9, 2014

Airbus pushes for A330neo orders ahead of Farnborough Airshow

PARIS, July 9 (Reuters) – Airbus is sprinting to line up
preliminary orders for a revamped version of its A330 jet and is
on stand-by to make an announcement as early as next week’s
Farnborough Airshow, but no decision has been taken, people
familiar with the matter said.

The keenly awaited launch of the so-called A330neo hinges on
the response of airlines and lessors being courted just days
before the July 14-20 event, but the planemaker appears to be
close to winning at least two provisional buyers, they said.

Jul 8, 2014

Air France warns on profit as overcapacity hits prices

PARIS (Reuters) – An Air France-KLM profit warning bruised European airline shares on Tuesday, as the latest evidence of overcapacity set the stage for possible further job cuts.

Europe’s second-largest traditional network carrier warned its 2014 profits could be as much as 12 percent lower than previously predicted, mainly as a result of overcapacity and resulting weak prices in both the passenger and cargo sectors.

Jul 7, 2014

China signs deal to purchase 123 Airbus helicopters

BEIJING/PARIS (Reuters) – Airbus Group NV’s (AIR.PA: Quote, Profile, Research, Stock Buzz) helicopter division sealed a $600 million deal on Monday to sell 123 helicopters to Chinese companies during a visit by German Chancellor Angela Merkel.

The orders, including both light single-engine helicopters from Airbus Helicopters’ Ecureuil family and the light twin-engine EC135, are being placed by three Chinese general aviation service providers, the company said.

Jul 1, 2014

Boeing captures UK’s Monarch after jet contest -sources

LONDON, July 1 (Reuters) – Boeing is poised to win a
$3 billion jet order from UK carrier Monarch Airlines, ousting
its European rival Airbus for a key victory two weeks before the
Farnborough Airshow, industry sources said on Tuesday.

The expected order for some 30 revamped 737 aircraft follows
a contest lasting several months as the Luton-based carrier
became the latest hotspot in a global battle for market share
between two popular types of narrowbody jets.

Jun 26, 2014

Exclusive: Airbus poised to revamp A330 with Rolls-Royce

PARIS (Reuters) – Airbus is very close to a decision to upgrade its A330 with engines provided by Rolls-Royce (RR.L: Quote, Profile, Research, Stock Buzz), setting the stage for a bitter new phase in the battle for wide-body jet orders with Boeing’s 787 Dreamliner, people familiar with the matter said.

The move will strengthen a growing strategic pairing between the European companies, with General Electric (GE.N: Quote, Profile, Research, Stock Buzz) – the main alternative engine supplier on the existing version of the jet – no longer seen as a contender to take part in the $2 billion project, provisionally dubbed “A330neo”, they said.

Jun 26, 2014

Airbus poised to revamp A330 with Rolls-Royce

PARIS, June 26 (Reuters) – Airbus is very close to a
decision to upgrade its A330 with engines provided by
Rolls-Royce, setting the stage for a bitter new phase in
the battle for wide-body jet orders with Boeing’s 787
Dreamliner, people familiar with the matter said.

The move will strengthen a growing strategic pairing between
the European companies, with General Electric – the main
alternative engine supplier on the existing version of the jet -
no longer seen as a contender to take part in the $2 billion
project, provisionally dubbed “A330neo”, they said.

Jun 23, 2014

France wins Qatar tram deal, discusses Rafale jets

PARIS (Reuters) – French conglomerates Alstom (ALSO.PA: Quote, Profile, Research, Stock Buzz) and Vinci (SGEF.PA: Quote, Profile, Research, Stock Buzz) signed a 2 billion euro ($2.72 billion) deal with Qatar on Monday to build a tram system in the future Lusail City, while the two countries also discussed a possible defence contract.

The deal, which will see the light rail system starting to operate in 2018-20, was signed in front of journalists during a visit to Paris by Qatar’s emir, Sheikh Tamim bin Hamad al-Thani.

Jun 16, 2014

Airbus, Safran create space launch joint venture

PARIS (Reuters) – Airbus Group and Safran confirmed plans on Monday to combine work on space launchers, accelerating efforts to fend off a growing threat to Europe’s Ariane space rocket from U.S. low-cost rival SpaceX.

The move is the first step towards consolidation after Airbus Group’s chief executive Tom Enders, speaking exclusively to Reuters last month, called for a fundamental rethink of the complex way Europe designs and builds launchers.

Jun 15, 2014

Airbus, Safran team up on response to SpaceX: sources

PARIS (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) and Safran (SAF.PA: Quote, Profile, Research, Stock Buzz) are set to boost co-operation with a joint venture in space launchers, aiming to galvanize Europe’s competitive response to U.S. low-cost rival SpaceX, people familiar with the matter said. The heads of the two companies, both leading contractors on the Ariane space launcher, are due to meet French President Francois Hollande early on Monday, Hollande’s office said, but no official reason for the meeting was provided.

Two people familiar with the matter said space would top the agenda, amid growing pressure from industrial groups for a shake-up of Europe’s public-private system of building rockets.

Jun 13, 2014

Airbus ups seat capacity on popular jet – but Boeing may leapfrog it

PARIS, June 13 (Reuters) – Europe’s Airbus plans to increase
the seating capacity on its most popular single-aisle jet, the
medium-haul A320 models, stepping up competition with U.S. rival
Boeing in the largest slice of the global jet market.

The more densely arranged cabins will be available early
next year after European authorities agreed to allow Airbus to
use bigger evacuation slides, which are one of the parameters
for deciding how many people an aircraft is authorised to carry.