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Dec 14, 2014

Commercial aviation’s tragic centenary year highlights new threats

GENEVA (Reuters) – Airlines need co-operation from governments to address security threats raised by aviation disasters this year, but would like to see a quicker relaxation of economic controls, Tony Tyler, head of the International Air Transport Association, said.

The former Cathay Pacific boss, who represents a majority of the world’s airlines, reflected on a turbulent centenary year for commercial aviation, darkened by the disappearance of a Malaysian airliner, the downing of another and the Ebola crisis.

Dec 12, 2014

EU may scrap plans for more competition in airport ground handling

BRUSSELS/BERLIN (Reuters) – The new European Commission may scrap plans to open up airport ground handling services to more competition amid criticism from airports, which say such a move could hit the quality of services.

The reform would give airlines more choice of service providers and increase the minimum number of providers at large airports.

Dec 11, 2014

Airbus management seek to halt share price slide

BERLIN/PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) sought to reassure investors on Thursday by promising profit growth beyond 2017 and healthy dividends after its shares continued a slide begun on Wednesday when it warned of flat 2016 earnings.

Investors also worried about a cut in production rates for the A330 as Airbus moves to a newer version of the wide-bodied plane, dubbed the A330neo, and as it ramps up production of its new A350.

Dec 10, 2014

Airbus shares slide 10 pct after 2016 profit warning

BERLIN/GENEVA (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results that year.

The world’s second-largest planemaker after Boeing (BA.N: Quote, Profile, Research) was also forced to call off a ceremony planned for Saturday to deliver its new A350 jetliner to Qatar Airways after the Gulf airline said it was delaying the handover indefinitely.

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 9, 2014

Auditor says Kabel Deutschland worth more than Vodafone offer

FRANKFURT, Dec 9 (Reuters) – An auditor’s report concluded
Kabel Deutschland was worth almost a quarter more
than what Britain’s Vodafone offered for the rump of the
company, potentially helping hedge fund Elliott argue its case
for a higher price for its stake.

Having secured a stake of more than three quarters in Kabel
Deutschland, Vodafone about a year ago offered 84.53 euros per
share ($104) in cash to remaining shareholders as part of a
so-called domination agreement.

Dec 4, 2014

Cyber attacks, drones increase threats to plane safety: insurer

FRANKFURT/BERLIN (Reuters) – Cyber attacks and commercial drones pose a growing risk of commercial aeroplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums.

Technical advances in aircraft design and navigation systems have reduced the chance of dying in a plane crash, but the reliance on computers poses new types of risks.

Dec 3, 2014

Lufthansa braces for next strike as board approves low-cost expansion

BERLIN, Dec 3 (Reuters) – Lufthansa’s board
approved plans on Wednesday to expand its budget flight
operations against the backdrop of deteriorating relations with
its pilots who are set for their tenth strike this year.

With the dust barely settled after this week’s two-day
walkout that forced Lufthansa to cancel half its flights,
affecting 150,000 passengers, pilots’ union Vereinigung Cockpit
called another strike for Thursday.

Dec 3, 2014

Lufthansa braces for next strike as board debates budget carrier plan

BERLIN (Reuters) – Lufthansa’s (LHAG.DE: Quote, Profile, Research, Stock Buzz) board meets on Wednesday to approve expansion of its budget flights against the backdrop of deteriorating relations with pilots who are now planning their tenth strike this year.

With the dust barely settled after this week’s two-day walkout that forced Lufthansa to cancel half its flights, affecting 150,000 passengers, pilots’ union Vereinigung Cockpit called another strike for Thursday.

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.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
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