Airbus Group SEOTCPK - Current
Wed, Oct. 26, 10:02 AM
- Airbus (OTCPK:EADSY +2.9%) is voicing frustration at a continued ban on Super Puma oil industry flights in the U.K., weeks after European safety regulators cleared the helicopter to fly again.
- Britain and Norway both banned commercial flights by recently built Super Pumas after an April crash which killed 13 people.
- Update: Airbus will eliminate almost 582 posts at its helicopter arm following a slump in demand from the oil and gas industry and the fatal crash that grounded one of its most popular models.
Wed, Oct. 26, 3:49 AM
- Nintendo (OTCPK:NTDOY) revealed an operating loss of ¥5.95B in the period from March to September, while lowering its outlook and dividend.
- A hard landing! Airbus (OTCPK:EADSY) missed forecasts on supply chain issues, but the aircraft maker maintained its full year guidance.
- Brazil provided some bright side for Santander (NYSE:SAN) as a pick-up in performance lifted earnings above expectations, offsetting Brexit concerns.
- Provisions ate into the quarterly profit at Lloyds (NYSE:LYG), as the bank set aside another £1B to pay compensation for mis-sold payment protection insurance.
- Bayer (OTCPK:BAYRY) raised guidance for the full year on strong pharma results in its first quarterly scorecard since securing the Monsanto merger.
Mon, Oct. 24, 11:28 AM
- Rockwell Collins (COL -6.5%) says its acquisition of B/E Aerospace (BEAV +15.3%) will triple its sales of equipment in new-generation widebody jetliners such as the Boeing 787 (BA +2.1%) and Airbus A350 (OTCPK:EADSF, OTCPK:EADSY).
- COL CEO Kelly Ortberg also believes the acquisition will nearly double sales related to narrowbody jets, such as top sellers Boeing 737 and Airbus A320.
- Aftermarket sales would help offset weakness in other parts of the combined company, such as sales to business jet manufacturers, which Ortberg expects will fall 15%-20% in FY 2017.
Thu, Oct. 20, 7:59 AM
- Malaysia Airlines says it will use six surplus Airbus (OTCPK:EADSF, OTCPK:EADSY) A380 superjumbos to form the core of a fleet of jets dedicated to transporting Muslim travelers on the annual Hajj pilgrimage to Mecca.
- Establishing a religious charter operation is attractive because it would offer guaranteed revenues and predictable fares, passenger numbers and plane requirements, Airbus CEO Peter Bellew says.
- Airbus has been seeking to broaden the A380’s appeal as orders from new operators slow, and hopes to establish the jet’s credentials as a mass market workhorse rather than a just a fleet flagship.
Mon, Oct. 17, 10:33 AM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) CEO Fabrice Bregier says he plans to overtake rival Boeing (BA +0.6%) in terms of annual plane deliveries by 2020.
- The CEO also says Airbus hopes to deliver 50 A350 aircraft this year, although deliveries by the end of September totaled only 26.
- While Airbus has been leading in terms of new orders for years, Boeing has been ahead since 2012 in terms of deliveries.
- Separately, Airbus recently delivered its 10,000th aircraft, a wide-body A350 XWB to longtime customer Singapore Airlines, 42 years after delivering its first plane.
Fri, Oct. 14, 5:42 PM
- Boeing (NYSE:BA) names Ihssane Mounir as the new sales chief for its commercial airplanes division effective in early 2017, as the U.S. company and European rival Airbus (OTCPK:EADSF, OTCPK:EADSY) battle slowing commercial jet orders.
- Boeing’s chief airplane salesman, John Wojick, is retiring from the post, after overseeing record-quick sales of ~5K airplanes and helping make the 737 Max the best-selling new airplane model in the company’s 100-year history.
- Mounir, who currently leads the sales team in northeastern Asia, including China, which is poised to overtake North America as the world’s largest aviation market.
Thu, Oct. 13, 11:53 AM
- The European Union says it is appealing against a WTO panel's finding last month that it had failed to rein in billions of dollars of subsidies to Airbus (OTCPK:EADSF, OTCPK:EADSY).
- The EU says it disagrees with the WTO's conclusion that, even though most of the subsidies challenged by the U.S. had ended, the EU had not fully complied with a previous ruling, and in the panel's assessment of alleged harm that the subsidies caused to Airbus rival Boeing (NYSE:BA).
- U.S. officials had said Airbus failed to undo subsidies worth $22B, including $4B for the A350, on which Airbus' prospects in the wide-body jet market largely depend.
Thu, Oct. 13, 10:23 AM
- LOT Polish Airlines says it will lease up to 15 Boeing (BA -0.9%) single-aisle planes from Air Lease (AL -3.6%), in the second contract that Poland has awarded U.S. aerospace companies over Airbus (OTCPK:EADSF, OTCPK:EADSY) in as many weeks.
- The carrier says it will take delivery of two latest-generation 737 Max 8 and four 737-800 NG airplanes next year, with the rest of the deliveries expected by 2020.
- The deal follows Poland's decision to buy military helicopters from Lockheed Martin (LMT -0.3%) earlier this month after dropping a $3.5B deal to buy 50 Caracal helicopters made by Airbus.
Tue, Oct. 11, 11:37 AM
- The Polish government says it is abandoning a $3.5B deal for 50 Caracal helicopters from Airbus (OTCPK:EADSF, OTCPK:EADSY) because it was bad for national security, as Airbus insisted it had been misled in the bidding process.
- "Never have we been treated by any government customer the way this government has treated us," Airbus CEO Tom Enders says, adding that the company would take action to defend its interests.
- The decision to reject a deal first agreed by the previous Polish government has strained ties with France, whose president delayed a planned visit to Warsaw in reaction.
Tue, Oct. 11, 5:12 AM
- Airbus (OTCPK:EADSY) plans to slow the assembly rate of its A380 to one aircraft per month from 2018, the head of the program told Le Figaro, as the European planemaker struggles to revive sales of the world's largest passenger jet.
- "This decision allows us to smooth our deliveries pending new orders," Alain Flourens declared. Airbus' assembly rate for the superjumbo currently stands at 2.5 aircraft per month.
Fri, Oct. 7, 4:49 PM
- Boeing (NYSE:BA) says it landed an order for 30 787-9 Dreamliners and 10 777-300ERs, valued at $11.7B at list prices, from Qatar Airways.
- The airline also signed a letter of Intent to purchase up to 60 737 MAX 8s, valued at $6.9B at list prices; combined, it is the largest single order ever placed by the Gulf carrier.
- Qatar is making good on a threat to buy Boeing planes after rejecting initial A320neo deliveries from Airbus (OTCPK:EADSF, OTCPK:EADSY) because of engine problems.
Thu, Oct. 6, 12:28 PM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) says it sold 49 jets in September but its net orders for the year were hit by the cancellation of jets ordered by India's Kingfisher Airlines.
- Airbus says it totaled 566 aircraft orders in the first nine months of the year but the net total fell to 380 from 438 a month earlier after 107 cancellations for Kingfisher.
- Also in September, Airbus delivered 62 aircraft, including eight of its A320neo jets and five A350s, bring the YTD total to 462.
- Boeing (NYSE:BA) sold 460 jets YTD through Oct. 4, or a net total of 380, leaving the companies nearly even after adjusting for cancellations.
Wed, Oct. 5, 12:41 PM
- Germany's defense ministry says it is considering the purchase of 4-6 new Lockheed Martin (LMT +0.1%) military troop transport planes and operating them jointly with France.
- The latest initiative in Franco-German defense co-operation comes against the backdrop of tough negotiations with Airbus (OTCPK:EADSF, OTCPK:EADSY), over delays to the A400M, as well as growing European concerns over a possible shift in U.K. defense priorities away from its continental partners following the Brexit vote.
- France already is in the process of buying four C-130J aircraft from LMT partly to allow refueling of helicopters used by its special forces, a feature originally meant to be supplied by the A400M.
Wed, Oct. 5, 8:29 AM
- Poland has scrapped a 13.5B zlotys ($3.5B) deal for 50 Airbus (OTCPK:EADSY) utility helicopters that were to be delivered to the Polish army.
- "Discrepancies in the negotiating positions of both sides make it impossible to reach a compromise, and therefore the continuation of talks is pointless," the economy ministry said in a statement.
- Earlier this year local media reported that Poland scrapped the deal, but Airbus said talks were continuing.
Tue, Oct. 4, 11:11 AM
- Boeing (BA +0.1%) reportedly is close to selling eight Dreamliner 787s to Pakistan International Airways following a high-level lobbying and sales campaign by Boeing Commercial Airplanes President and CEO Ray Conner.
- Worth at least $1.8B at list prices, the order would help the Pakistani airline double its fleet and launch direct service to Kennedy airport in New York.
- The airline recently announced plans to retire five older Airbus (OTCPK:EADSF, OTCPK:EADSY) A310 aircraft.
Fri, Sep. 30, 4:18 AM
- Stripping out bureaucracy and simplifying its brand, Airbus Group (OTCPK:EADSY) is merging with its planemaking unit and confirmed the promotion of Fabrice Bregier to the new role of chief operating officer over the entire company.
- Europe's largest aerospace firm will be renamed "Airbus" after its core planemaking brand, the latest piece of corporate tinkering since it emerged from a cluster of French, German and Spanish aerospace interests in 2000.