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May 23, 2014

Airbus may cut more defence jobs in German export row

BERLIN, May 23 (Reuters) – Germany faces defence industry
job cuts beyond those already planned and could even see
factories closed or moved abroad if the government insists on
toughening restrictions on arms exports, the head of Airbus
Group told Reuters.

The company’s defence and space division already plans to
shed some 2,000 industrial jobs in Germany.

May 21, 2014

Ukraine crisis may speed defense buys, but budgets stay stuck

BERLIN (Reuters) – The crisis in Ukraine may prompt governments, especially in eastern Europe, to move more quickly on defense procurement decisions – but western Europe is unlikely to loosen its restraint on spending, industry executives said on Wednesday.

With eastern European states nervous about Russia after it annexed Ukraine’s Crimea region and massed 40,000 troops on Ukraine’s borders, Poland already brought forward a planned decision on a new multi-billion-dollar missile defense system.

May 20, 2014

Emirates could buy more A380s if Airbus revamps jet: executive

BERLIN (Reuters) – Emirates EMIRA.UL, Dubai’s flagship airline, would be interested in buying more A380s from Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) if the planemaker brought a revamped version of the superjumbo onto the market, much like it has done with its A320neo, an executive told Reuters.

Airbus head Fabrice Bregier said on Monday that the A380 would have to evolve in order to meet the challenges presented by Boeing’s rival 777x jetliner, but he did not provide further details.

May 20, 2014

Emirates could buy more A380s if Airbus revamps jet-exec

BERLIN, May 20 (Reuters) – Emirates, Dubai’s
flagship airline, would be interested in buying more A380s from
Airbus if the planemaker brought a revamped version of
the superjumbo onto the market, much like it has done with its
A320neo, an executive told Reuters.

Airbus head Fabrice Bregier said on Monday that the A380
would have to evolve in order to meet the challenges presented
by Boeing’s rival 777x jetliner, but he did not provide further
details.

May 19, 2014

European defence firms put drone project to governments

BERLIN/GENEVA, May 19 (Reuters) – Three leading European
defence companies have jointly presented plans to governments
aimed at creating an unmanned drone to reduce Europe’s reliance
on U.S. and Israeli technology.

Airbus Group, France’s Dassault Aviation
and Italy’s Finmeccanica said on Monday that they
would work with the governments of Germany, Italy and France for
up to two years to define those countries’ requirements for an
unmanned aerial vehicle, with a view to producing it by 2020.

May 16, 2014

German travel group TUI AG eyeing expansion in holiday cruises and hotels

FRANKFURT (Reuters) – German travel and tourism group TUI AG (TUIGn.DE: Quote, Profile, Research, Stock Buzz) is looking at expanding its hotel and cruise operations as its ‘oneTUI’ restructuring program moves from cost-cutting to getting growth.

TUI AG, which owns 55 percent of London-listed TUI Travel (TT.L: Quote, Profile, Research, Stock Buzz), Europe’s largest tour operator, aims to generate underlying profits of 1 billion euros ($1.4 billion) in the year ending September 2015, up from 762 million in the 2012/13 year.

May 16, 2014

TUI AG eyeing expansion in holiday cruises and hotels

FRANKFURT, May 16 (Reuters) – German travel and tourism
group TUI AG is looking at expanding its hotel and
cruise operations as its ‘oneTUI’ restructuring programme moves
from cost-cutting to getting growth.

TUI AG, which owns 55 percent of London-listed TUI Travel
, Europe’s largest tour operator, aims to produce
underlying profits of 1 billion euros ($1.4 billion) in the year
ending September 2015, up from 762 million in the 2012/13 year.

Apr 23, 2014

Lufthansa says helping to test new aviation biofuel

FRANKFURT, April 23 (Reuters) – Lufthansa is
testing a new type of biofuel for use in aircraft, the German
carrier said on Wednesday, as the airline industry steps up
efforts to cut its carbon dioxide emissions.

Lufthansa was the first airline worldwide to use biofuels in
commercial flights in 2011, when it used a 50:50 mix of biofuel
- gained from plant oils and animal fats – and regular kerosene
to power one engine per plane on daily flights between Frankfurt
and Hamburg.

Apr 22, 2014

Lufthansa plans no buyback despite rise in foreign shareholdings

FRANKFURT (Reuters) – German airline Lufthansa dismissed the risk of it coming under undue foreign influence despite the percentage of non-Germans owning its shares rising to more than 40 percent, a move that could trigger a defensive buyback of its shares.

Germany’s biggest airline said the total shareholding of non-German investors had reached 40.69 percent, but it was not planning any buyback for the moment. It said an analysis of its shareholder register gave no reason to believe there was any immediate danger of excessive foreign control.

Apr 14, 2014

Faster Wi-Fi on flights leads to battle in the sky

NEW YORK/HAMBURG (Reuters) – Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.

With satellite-based Wi-Fi, Internet speeds on jetliners are getting lightning fast. And airlines are finding that travelers expect connections in the air to rival those on the ground – and at lower cost.

    • 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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