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May 30, 2014

Lost Malaysian jetliner to dominate industry meet as tracking row goes on

DOHA/KUALA LUMPUR, May 30 (Reuters) – Global airlines are
gathering in Doha for an industry summit intended to celebrate
100 years of commercial air travel, but now darkened by the
disappearance of Malaysian jetliner MH370.

The International Air Transport Association, which
represents about 80 percent of the aviation industry, has
pledged to find new ways to track aircraft as the international
search for MH370, now three months old, hits fresh obstacles.

May 23, 2014

Alarmed by anti-EU surge, Airbus chief urges staff to vote

BERLIN (Reuters) – Alarmed by a surge of anti-EU populists, the chief executive of European aerospace firm Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) has taken the unusual step of writing to the group’s 144,000 employees to urge them to vote in this week’s European Parliament elections.

“I didn’t tell my colleagues what to vote, but I said ‘Go and vote’,” Tom Enders told Reuters in an interview, saying he hoped radical, anti-European parties would “get as few votes as possible”.

May 23, 2014

Exclusive: Airbus may cut more defense jobs in German export row

BERLIN (Reuters) – Germany faces defense 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 (AIR.PA: Quote, Profile, Research, Stock Buzz) told Reuters.

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

May 23, 2014

Airbus CEO urges radical shake-up of space launcher industry

BERLIN (Reuters) – The head of Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) has urged European countries to carry out a fundamental overhaul of the space rocket launcher industry and give companies a bigger role to avoid becoming “irrelevant” in the $6.5 billion global rocket-launch club.

His call for a bigger industry say in the public and private partnerships behind Europe’s Ariane space rocket is a response to the arrival of low-cost U.S. based Space Exploration technologies (SpaceX), run by electric car mogul Elon Musk.

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.

    • 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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