Spendthrift German consumer may stall Metro disposals
FRANKFURT, July 1 (Reuters) – Growing fears over the
strength of Germany’s consumer recovery could hamper efforts by
Metro (MEOG.DE: Quote, Profile, Research), the country’s largest listed retailer, to
offload its Kaufhof department stores and Real hypermarkets.
Metro has long been looking for a way out of its Kaufhof and
Real businesses to focus on opprtunities offered by emerging
markets at its cash & carry and MediaMarkt-Saturn electronics
businesses.
Spendthrift German consumer may stall Metro disposals
FRANKFURT, July 1 (Reuters) – Growing fears over the
strength of Germany’s consumer recovery could hamper efforts by
Metro (MEOG.DE: Quote, Profile, Research), the country’s largest listed retailer, to
offload its Kaufhof department stores and Real hypermarkets.
Metro has long been looking for a way out of its Kaufhof and
Real businesses to focus on opprtunities offered by emerging
markets at its cash & carry and MediaMarkt-Saturn electronics
businesses.
Airbus wins record $18 bln order from AirAsia
LE BOURGET, France, June 23 (Reuters) – Airbus has
won a record-breaking order for 200 of its A320neo jets from
AirAsia , capping a week where it has trounced rival
Boeing in the fierce competition for plane contracts.
The massive contract is a show of force from Europe’s
Airbus as it battles Boeing in the market for single-aisle jets
– currently its A320 versus Boeing’s 737 — which is expected
to be worth $2 trillion over the next 20 years.
Airbus orders pile up as Boeing stalls
LE BOURGET, France (Reuters) – Airbus put on a show of force at the Paris Air Show on Wednesday, securing a $16 billion deal for 180 aircraft from India’s IndiGo and saying more deals were near, leaving rival Boeing in the shade.
The European planemaker, a unit of EADS, is expected to deal another blow to its U.S. rival by securing a $17 billion agreement with Malaysia’s AirAsia for up to 200 of its revamped A320neo family of aircraft on Thursday.
Airlines in EU biofuels pact to cut pollution
LE BOURGET, France, June 22 (Reuters) – European airlines,
biofuel producers and the EU Commission signed up on Wednesday
to produce 2 million tonnes of biofuel for aviation by 2020 even
as debate rages over how green such fuels actually are.
Airlines are keen to use biofuels as a way of cutting down
on pollution from jet fuel but the use of food crops, such as
palm oil, in their production has come under fire for taking
land that could be used to grow food to feed people.
Russia keen to show it can take on Boeing, Airbus
LE BOURGET, France (Reuters) – A visit to the Paris Air Show by Prime Minister Vladimir Putin, more exhibition space than ever and demonstrations of its Sukhoi airliner — Russia is getting serious about challenging the dominance of Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz).
With exhibition space at 1,700 square metres, the Russian Federation is one of the 10 largest national participants at this year’s Paris air show, highlighting its desire to make a mark.
European nations defend Airbus state loans
LE BOURGET, France, June 20 (Reuters) – European nations on
Monday defended a system of state loans for planemaker Airbus
and broached the controversial subject of support for the
future A350, but Boeing warned that any aid must be on
commercial terms.
Ministers responsible for aerospace in Britain, France,
Germany and Spain met on the sidelines of the Paris Air Show in
line with their tradition since these nations founded Airbus,
now owned by EADS (EAD.PA: Quote, Profile, Research, Stock Buzz).
Qatar Airways kicks off Paris air show with Boeing order
LE BOURGET, France (Reuters) – Airbus and Boeing were set to announce several billion dollars’ worth of plane orders on Monday as industry heavyweight Qatar Airways leaped in to kickstart a rain-sodden opening to the Paris Air Show.
The Gulf carrier placed an order for six Boeing 777-300ER wide-body jets worth $1.7 billion at list prices, a day after Airbus unveiled plans to boost the range of the future competing A350, of which Qatar is the biggest customer.
Qatar kicks off air show with Boeing order
LE BOURGET, France (Reuters) – Airbus and Boeing were set to announce several billion dollars’ worth of plane orders on Monday as industry heavyweight Qatar Airways leaped in to kickstart a rain-sodden opening to the Paris Air Show.
The Gulf carrier placed an order for six Boeing (BA.N: Quote, Profile, Research, Stock Buzz) 777-300ER wide-body jets worth $1.7 billion at list prices, a day after Airbus unveiled plans to boost the range of the future competing A350, of which Qatar is the biggest customer.
Hypersonic: Paris-Tokyo in two and a half hours
LE BOURGET, France (Reuters) – Fancy travelling from Paris to Tokyo in two and a half hours? Do you yearn for the Concorde days?
Aerospace group EADS (EAD.PA: Quote, Profile, Research, Stock Buzz), owner of planemaker Airbus, thinks it has the answer — a hypersonic jet that flies above the atmosphere, yet takes off from a regular runway.
