Victoria's Feed
Jun 18, 2015

Airbus pips Boeing in Paris after last-minute Wizz deal

PARIS, June 18 (Reuters) – Airbus won more business
than rival Boeing at this week’s Paris Airshow, helped by
a last-minute deal with Eastern European low-cost carrier Wizz
Air and buoyed by demand from Asian customers.

Airbus ended the show with orders and commitments for 421
aircraft worth $57 billion, against 331 aircraft worth $50.2
billion for Boeing.

Jun 18, 2015

Airbus wins $16 bln of firm orders at air show

PARIS, June 18 (Reuters) – Airbus had a better
Paris Airshow than it expected, winning firm orders for 124
aircraft worth $16.3 billion, as well as commitments for plane
purchases worth $40.7 billion, including a last-minute deal with
Wizz Air.

The planemaker’s chief executive said on Thursday the latest
deals confirmed demand was “extremely positive,” and queried
whether Airbus might have been too hasty in cutting production
rates of its A330 wide-body plane to six per month.

Jun 18, 2015

Wizz Air commits to buy Airbus planes worth $13.7 billion

PARIS (Reuters) – Hungary’s Wizz Air (WIZZ.L: Quote, Profile, Research, Stock Buzz) committed to buy 110 Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) A321neo aircraft at the Paris air show on Thursday worth $13.7 billion at list prices as the Eastern European-focused budget airline continues to expand its network and capacity.

The memorandum of understanding, reached early on Thursday after all-night negotiations in Paris, calls for 110 firm deliveries and purchase rights for a further 90 aircraft.

Jun 17, 2015

Scientists plan risky move to get Rosetta spacecraft nearer comet

PARIS, June 17 (Reuters) – European scientists are planning
a risky manoeuvre to get their Rosetta spacecraft closer to the
comet it is orbiting, so it can communicate with its robotic
lander on the surface and start experiments that could unlock
some of the universe’s secrets.

The lander, called Philae, surprised scientists at the
weekend by waking up and sending a signal to Earth. Its historic
landing on comet 67P/Churyumov-Gerasimenko in November was
marred when it bounced into a position too shadowy to power its
solar panels.

Jun 16, 2015

Korean Air orders Airbus, Boeing narrow-body jets worth $6.9 billion

PARIS (Reuters) – Korean Air (003490.KS: Quote, Profile, Research, Stock Buzz) split a $6.9 billion order for narrow-body jets between rival planemakers Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) and Boeing (BA.N: Quote, Profile, Research, Stock Buzz) at the Paris air show on Tuesday as it looks to renew its fleet with more fuel-efficient aircraft.

Korean Air unveiled a firm order worth $3.7 billion at list prices for 30 Airbus A321neo planes, the first time the Asian carrier has bought single-aisle jets from the European manufacturer. It also took options on 20 more of the aircraft.

Jun 16, 2015

Qatar Airways CEO says ILO has ‘vendetta’ against Qatar due to discrimination report

PARIS (Reuters) – Qatar Airways Chief Executive Akbar Al Baker on Tuesday accused the International Labour Organization (ILO) of having a “vendetta” against Qatar and its state carrier after the U.N. agency called for it to stop discriminating against women staff.

The ILO published a report on Saturday detailing its recommendations to Qatar on how the airline should change its employment rules in order to end discrimination. The report was triggered by complaints from global workers’ rights movements, the ILO said.

Jun 16, 2015

AirAsia’s Fernandes says no recapitalization needed

PARIS (Reuters) – AirAsia Bhd (AIRA.KL: Quote, Profile, Research, Stock Buzz) Group Chief Executive Tony Fernandes said the low-cost airline had plenty of opportunities to raise cash, and did not need to recapitalize, rebuffing a report questioning the group’s accounting practices.

“We have so many cash raising opportunities from our fleet, our investments, from our national cash operations, there is no need for a capital raise,” Fernandes told Reuters on the sidelines of the Paris Airshow.

Jun 15, 2015

Paris Airshow: Planemakers’ order books bulge on Asia, MidEast demand

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) and Boeing (BA.N: Quote, Profile, Research) opened the Paris air show with a flurry of multi-billion-dollar plane deals on Monday as demand from Middle Eastern and Asian airlines swelled their already bulging order books.

Airbus signed up Saudi Arabian Airlines to be the launch customer of its new A330-300 Regional aircraft, with the carrier committing to 20 of the planes as well as 30 A320neo jets in a deal worth about $8.2 billion at list prices.

Jun 15, 2015

Planemakers’ order books bulge on Asia, MidEast demand

PARIS, June 15 (Reuters) – Airbus and Boeing
opened the Paris air show with a flurry of multi-billion-dollar
plane deals on Monday as demand from Middle Eastern and Asian
airlines swelled their already bulging order books.

Airbus signed up Saudi Arabian Airlines to be the launch
customer of its new A330-300 Regional aircraft, with the carrier
taking 20 of the planes as well as 30 A320neo jets in a deal
worth about $8.2 billion at list prices.

Jun 9, 2015

Airlines grapple with rich, poor divide in global emissions scheme

MIAMI (Reuters) – Diplomats working to reduce carbon emissions from passenger planes globally may give some developing countries more leeway to meet new rules, a key official with the world’s main airline industry group said on Tuesday.

Paul Steele, senior vice president at the International Air Transport Association, emphasized that nothing has been decided, but outlined some options being discussed at the United Nations’ International Civil Aviation Organization (ICAO).

    • 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."
    • Follow Victoria