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Jun 30, 2015

Germanwings offers emotional damage payments to crash victims’ families

BERLIN (Reuters) – Germanwings is offering 25,000 euros ($27,958) compensation payments to close relatives of those killed in the March 24 plane crash for their pain and suffering, it said on Tuesday.

Evidence shows co-pilot Andreas Lubitz locked the captain out of the cockpit of Germanwings flight 4U9525 from Barcelona to Duesseldorf and deliberately steered the plane into a remote mountainside, killing all 150 onboard.

Jun 19, 2015

Supply chain wary as Airbus and Boeing push output envelope

PARIS, June 19 (Reuters) – A rare note of dissent permeated
the Paris Airshow this week as suppliers worried they might lose
out if they invest to meet higher commercial jet production
targets that ultimately prove unsustainable.

Airbus and Boeing plan to raise production rates of
best-selling single-aisle planes by 25 percent to 50-52 a month
in 2017-18 and executives at the Paris Airshow discussed the
possibility of ramping up output towards 60, or even above.

Jun 19, 2015

Helicopter makers upbeat on market despite oil-led slump

PARIS, June 19 (Reuters) – Top U.S. and European helicopter
executives said this week that the oil price-led commercial
helicopter market slump would be temporary and that they will
keep investing in new technologies given the sector’s positive
long-term outlook.

The downturn will likely last 18 to 24 months, Sikorsky
Aircraft’s new president, Robert Leduc, said at Paris Airshow,
adding that he fully expected demand to rebound at some point.

Jun 19, 2015

Airbus to resume deliveries of A400M after crash

PARIS, June 19 (Reuters) – Airbus said on Friday it
will resume deliveries of the A400M military transporter after
all remaining flight restrictions imposed following a fatal
crash last month were lifted by Spanish authorities.

The A400M crashed on May 9 in Spain on a pre-delivery test
flight, killing four out of six crew, after three of its engines
froze due to a suspected software problem, according to details
of investigations published earlier this month.

Jun 18, 2015

Airbus steals show with last-minute $14 bln Wizz deal

PARIS, June 18 (Reuters) – Airbus won the Paris
Airshow with a last-minute $14 billion deal to sell 110 jets to
Hungary’s Wizz Air on Thursday, diverting attention from a
growing industry debate over how quickly a record backlog of jet
orders can be built.

The deal, sealed in an all-night negotiating session with
ordered-in pizza, avoided a rare defeat for the France-based
planemaker at its home arena and is expected to be followed by
orders for dozens of A330 jets from China in weeks to come.

Jun 18, 2015

Airbus on CSeries: ‘nice little airplane’, but no threat

PARIS, June 18 (Reuters) – Airbus Group SE sales
chief John Leahy on Thursday brushed off the idea Bombardier
Inc’s new CSeries jet might pose a competitive threat.

The CSeries, which is in the midst of flight testing, made
its air show debut in Paris with two test planes. Montreal-based
Bombardier has not announced a firm order for the jet since

Jun 18, 2015

Airbus says weighing up both Skymark rescue plans

PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) said on Thursday it was studying two proposals to revive Skymark (SKALF.PK: Quote, Profile, Research, Stock Buzz) and would favor any plan that both gives the bankrupt Japanese airline a future and takes account of the planemaker’s interests.

Alongside aircraft leasing firm Intrepid Aviation Ltd, Airbus is one of the biggest creditors to Skymark, which ran into financial trouble after embarking on an ambitious expansion that included buying A380 superjumbos.

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.

    • 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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