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  • Yesterday, 10:08 AM
    • Canada has selected 16 Airbus (OTCPK:EADSY -0.9%) C295W aircraft for its fixed-wing search and rescue program.
    • The planemaker had competed with Leonardo (OTCPK:FINMY) of Italy for the Canadian contract, estimated in media reports to be worth about $2.3B.
    • The specially adapted tactical military transporter aircraft will be delivered to the Royal Canadian Air Force starting three years after the contract is formally awarded.
    | Yesterday, 10:08 AM
  • Wed, Dec. 7, 2:41 PM
    • Emirates agrees to accept deliveries of Airbus (OTCPK:EADSF, OTCPK:EADSY) A380 jets powered by Rolls-Royce (OTCPK:RYCEF, OTCPK:RYCEY) engines after the U.K. company said it would fund measures to address performance and maintenance concerns.
    • Airline president Tim Clark says the engine problem involved a “higher intervention rate” in maintaining the Rolls engines due to unanticipated levels of wear to fan blades stemming from their deployment in Dubai’s desert climate.
    • Emirates is due to take receipt of 50 of the planes equipped with Rolls-Royce engines after switching from the competing GP7000 turbine manufactured by an alliance of GE and Pratt & Whitney, which powered its first 90 aircraft.
    • Separately, Canada reportedly will choose Airbus to provide search-and-rescue aircraft, with Airbus beating Italy's Leonardo (OTCPK:FINMF) and Brazil's Embraer (NYSE:ERJ).
    | Wed, Dec. 7, 2:41 PM
  • Tue, Dec. 6, 6:53 AM
    • Airbus (OTCPK:EADSY) is still trailing Boeing (NYSE:BA) in aircraft stats this year despite stepping up the pace in November on two models that have been hit by delays.
    • In the first 11 months of 2016, Airbus recorded a total of 410 net orders compared to Boeing's 466, and delivered 577 planes.
    • The U.S. planemaker's delivery data for November is not yet available, but it ended October with a lead of about 100 aircraft over its European rival.
    | Tue, Dec. 6, 6:53 AM
  • Tue, Dec. 6, 4:30 AM
    • Statoil (NYSE:STO) will not resume using Airbus's (OTCPK:EADSY) Super Puma helicopters even if Norway's Civil Aviation Authority decides to lift the ban imposed on the workhorse of the offshore oil industry.
    • Super Pumas were barred from commercial traffic in Norway and Britain following an accident in April that killed 13 oil workers flying from a Norwegian oil platform operated by Statoil.
    | Tue, Dec. 6, 4:30 AM
  • Wed, Nov. 30, 3:40 PM
    • United Continental (UAL -0.4%) is considering whether to alter a $12.4B order for Airbus' (OTCPK:EADSF, OTCPK:EADSY) largest twin-engine jets, and is studying a swap of Boeing’s (BA -0.4%) smallest 737 for a longer version still on the drawing board, CFO Andrew Levy tells Bloomberg.
    • UAL may convert some of the Airbus A350-1000s to smaller long-haul models, and is considering the Max 10X, a stretch of Boeing’s largest 737, to replace some of the single-aisle jet orders it recently deferred as part of a cost-savings push.
    • Levy also says UAL is rethinking its share buybacks after announcing a $2B repurchase plan this summer that followed a $3B effort last year, explaining that the pace may need to slow because of increases in labor expenses from several new union contracts as well as rising fuel costs.
    | Wed, Nov. 30, 3:40 PM | 8 Comments
  • Tue, Nov. 29, 11:19 AM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) tells French labor unions that it plans to cut a net total of 934 jobs as part of a previously announced restructuring aimed at stripping out bureaucracy and simplifying its brand.
    • Airbus says it will cut 1,164 jobs while also creating ~230 positions in other areas, adding that it is in "constructive" talks with trade union partners.
    • Airbus, which employs 136K people, also says it will transfer 325 positions, in part as it completes the relocation of headquarters staff from Paris and Munich to Toulouse.
    • The company says it does not yet know what costs might be associated with the restructuring.
    | Tue, Nov. 29, 11:19 AM
  • Mon, Nov. 28, 4:48 PM
    • Boeing (NYSE:BA) looks on the bright side following the WTO's ruling against a Washington state tax break for its 777X jetliner, claiming the decision was "a victory for the United States, Washington state and Boeing" since the WTO rejected all but one of the European Union's challenges to the tax incentives.
    • "In total, the EU claimed that Boeing had received $8.7B in subsidies. This claim was rejected by the WTO, which found future incentives totaling no more than $50M/year to be impermissible," Boeing said in a statement.
    • Boeing says it expects the ruling will be overturned on any appeal, claiming to have the upper hand in the latest round of a long trade dispute placing it at odds with rival Airbus (OTCPK:EADSF, OTCPK:EADSY).
    | Mon, Nov. 28, 4:48 PM
  • Mon, Nov. 28, 10:39 AM
    • Airbus (OTCPK:EADSY -0.5%) is calling for a global agreement to set rules for the aerospace industry after the WTO partially ruled in Europe's favor in the latest round of a marathon subsidy dispute with Boeing (BA -0.7%).
    • "I continue to think that the only way out of the ridiculous series of disputes initiated by the U.S. is to agree on a set of globally applicable rules for the support of the civil aircraft industry, which would benefit both sides of the Atlantic," Airbus CEO Tom Enders said in a statement.
    • "The duopoly is no longer the framework of reference in the future," he said, noting recent support by the Quebec government for Canada's Bombardier ((OTCQX:BDRAF +0.1%), (OTC:BRDBF)).
    | Mon, Nov. 28, 10:39 AM | 5 Comments
  • Fri, Nov. 25, 3:31 AM
    • The biggest version of Airbus's (OTCPK:EADSY) A350 wide-body jet made its first flight Thursday, swelling the twin-engine model's capacity as the four-turbine Boeing 747 and the European manufacturer's own A380 superjumbo struggle to find buyers.
    • The A350-1000 seats 366 people in three classes. That's just 44 fewer than the latest version of the 747, and with a vastly improved fuel burn thanks to the new aircraft's two engines and composite construction.
    | Fri, Nov. 25, 3:31 AM
  • Wed, Nov. 23, 10:50 AM
    • Restructuring plans at Airbus (OTCPK:EADSY +0.4%) could result in at least 1,000 layoffs, according to French union officials.
    • The figure includes 780 job cuts, reported earlier by Les Echos, which will be spread between technical research, IT, strategy and legal services.
    • In September, Airbus announced it would merge with its main planemaking unit, in a move aimed at reducing bureaucracy and simplifying its brand.
    | Wed, Nov. 23, 10:50 AM
  • Wed, Nov. 23, 10:10 AM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) is poised to cut ~1,000 office jobs as the company moves to eliminate duplication between its main plane-making arm and the rest of the group, Bloomberg reports.
    • Airbus has identified 780 posts in public affairs, legal, IT and other office functions in France and Germany as surplus to requirements and will specify further cuts at meetings tomorrow, according to the report, which cites a CFDT union official.
    • CEO Tom Enders warned in September that staff should brace themselves for a “not negligible” headcount adjustment; Airbus employed 137K people as of July.
    | Wed, Nov. 23, 10:10 AM
  • Wed, Nov. 23, 8:04 AM
    • Airbus (OTCPK:EADSY) is preparing to stage the maiden flight of its largest twin-engined airplane, the A350-1000, stepping up a war for sales in a market segment dominated by Boeing.
    • Barring bad weather that could lead to a postponement, tomorrow's roughly three-hour debut will add a new 366-seat member to the lightweight carbon-fiber A350 family, which entered service with the smaller A350-900 last year.
    | Wed, Nov. 23, 8:04 AM
  • Tue, Nov. 22, 2:27 PM
    • Canada's government is in talks to buy 18 Super Hornet aircraft from Boeing (BA +1.5%) as an interim measure in a planned overhaul of its legacy CF-18 fighter jet fleet, and will launch a competition process to replace the country's aging CF-18 program, the defense minister says.
    • Separately, an executive with Pakistan International Airlines says the state-owned airline is evaluating an order for an unspecified number of widebody Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) jets, including Boeing's 777X and Airbus' A330 and A350.
    | Tue, Nov. 22, 2:27 PM | 15 Comments
  • Tue, Nov. 22, 12:21 PM
    • The Treasury Department has issued a license to Airbus (OTCPK:EADSF, OTCPK:EADSY) for the sale of 106 commercial planes to Iran, Reuters reports.
    • Although Airbus is based in France, it must have U.S. approval to sell planes to Iran because at least 10% of the aircraft's components are U.S.-made.
    • Pres.-elect Trump has threatened to dismantle the U.S. nuclear deal with Iran, which allows for the sale of commercial passenger aircraft to the country.
    | Tue, Nov. 22, 12:21 PM | 3 Comments
  • Fri, Nov. 18, 7:32 AM
    • Japanese carrier Peach Aviation confirms it ordered 13 commercial jets from Airbus (OTCPK:EADSF, OTCPK:EADSY) valued at ~$1.4B at list prices.
    • The agreement includes 10 A320neo aircraft - a bright spot for a model whose deliveries have been plagued by engine issues - and three A320ceo planes.
    • The deal marks progress for Airbus in a country where most aircraft flown come from Boeing.
    | Fri, Nov. 18, 7:32 AM | 4 Comments
  • Thu, Nov. 17, 1:59 PM
    • Boeing (BA -0.5%) is lower following a vote in the U.S. House blocking the export of commercial aircraft to Iran, a move that would scuttle deals already authorized by the Obama administration and potentially worth billions of dollars.
    • The House bill seeks to counter the Treasury Department's decision in September to grant Boeing and Airbus (OTCPK:EADSF, OTCPK:EADSY) permission to sell the planes to Iran.
    • The bill must now clear the Senate, where the measure is expected to face opposition from Democrats, and Pres. Obama likely would veto the bill if it reaches his desk.
    | Thu, Nov. 17, 1:59 PM | 58 Comments