Yesterday, 7:20 AM
- Airbus (OTCPK:EADSY) Helicopter plans to directly hire 1,250 people in Poland by 2020 and additionally create 2,500 jobs in the sector in connection with a local utility helicopter tender it won last week, the company's chief executive said on Monday.
- "We are committed to being in Poland in the long-term," CEO Guillaume Faury told a news conference. "This is not an offset-like approach, we are in a home country".
Thu, Apr. 16, 7:20 AM
- Airbus (OTCPK:EADSY) will ask shareholders to approve an exceptional share buyback of up to 10% of its capital at its annual meeting on May 27, Reuters reports. The buyback comes on top of a separate repurchase program covering up to 10% of the company's capital.
- Airbus does not intend to hold more than 10% of its own share capital as a result of both buybacks, it said, adding that the shares acquired through the exceptional buyback would be "promptly canceled".
- The company is also pushing ahead with its previously announced plans to adopt "European Company" status, under which its holding company Airbus Group N.V. would be renamed Airbus Group SE, keeping its registered seat and head office in Amsterdam.
Thu, Apr. 16, 4:56 AM
- The jumbo jet may be slowly heading off the assembly line, after a slump in sales raised questions over how long manufacturers can sustain production.
- Last year, there were zero orders placed by commercial airlines for new Boeing (NYSE:BA) 747s or Airbus (OTCPK:EADSY) A380s, reflecting a fundamental shift in the industry toward smaller, twin-engine planes.
- A sustained upturn in air freight traffic may secure the 747 a longer future, but the large availability of leases and cheap smaller planes may take its toll on production.
Mon, Apr. 13, 8:39 AM
- Airbus (OTCPK:EADSY) will not abandon its A380 jumbo jet program despite slow sales, its chief executive told Les Echos newspaper, and needs more time to decide whether to redesign its engines.
- Emirates Airline, the leading buyer of the existing A380 jet with 140 orders, has been pushing the planemaker to revamp the jet with newer engines.
- Airbus CEO Tom Enders also added that the A380 program would break even by the end of the year and the company hoped the program would maintain its financial performance.
- Previously: Airbus debating whether to overhaul the A380 (Mar. 10 2015)
Mon, Apr. 13, 7:18 AM
- In a presentation to Indian PM Narendra Modi on Saturday, Airbus (OTCPK:EADSY) said it would work with partners in India in areas such as engineering, customer services and pilot training, and would establish centers for the maintenance, repair and overhaul of planes.
- Airbus is aiming to increase its sourcing of aerospace parts from Indian companies to $2B in the next five years, looking to diversify its supplier base and tap low-cost suppliers worldwide.
- The commitment also comes as the company competes to secure billions of dollars in deals for military hardware from the country.
Tue, Apr. 7, 7:49 AM
- Boeing (NYSE:BA) edged out Airbus (OTCPK:EADSF, OTCPK:EADSY) in net new airplane orders and deliveries during Q1, according to figures released today.
- Boeing recorded 110 net orders, after adjusting for cancellations and conversions between different models, vs. 101 aircraft for Airbus, which booked 84 new orders in March to bring its Q1 gross deals to 121 aircraft while suffering 20 cancellations.
- Boeing posted 184 deliveries in Q1, up from 161 in the year-ago quarter due partly to a jump in production of its 787 Dreamliner; Airbus slipped to 134 deliveries vs. 141 a year ago, and its 42% quarterly market share was the lowest against its rival since Q1 2002.
- Deliveries at both plane makers traditionally accelerate during the year, peaking in Q4.
Fri, Mar. 27, 3:43 PM
- Bombardier (OTCQX:BDRBF, OTCPK:BDRAF) says it does not expect its CSeries aircraft to begin carrying commercial passengers until early 2016, pushed back from H2 2015, in another setback for the jetliner program.
- New CEO Alain Bellemare says the CSeries will be certified in 2015 but will not be delivered until next year, three years later than originally planned; the plane, which Bombardier launched to compete in the 100-seat-plus category long dominated by Boeing (NYSE:BA) and Airbus (OTCPK:EADSF, OTCPK:EADSY), has run into a series of technical glitches and other setbacks, and program costs have surged to $5.4B from an original estimate of $3.4B.
- Crossing into 2016 also means Bombardier would record the jet’s first revenue and delivery cash flow in its new fiscal year.
Wed, Mar. 25, 3:59 AM
- Airbus (OTCPK:EADSY) is again cutting its stake in Dassault Aviation (OTC:DUAVF), dropping its holdings to around 27% from 42%, as it continues its plan to sell its full stake in the fighter jet maker by the end of 2015.
- Separately, the cockpit voice recorder for the Germanwings (OTCQX:DLAKY) flight that slammed into the French Alps yesterday has been found, although a search for the the second black box, the flight data recorder, is still ongoing.
- The same model airplane, the Airbus A320, crashed into the Java sea off the coast of Indonesia just under three months ago (AirAsia Flight 8501).
- Previously: Airbus plans to sell full Dassault stake by end of 2015 (Nov. 28 2014)
Tue, Mar. 24, 9:54 AM
- The same model airplane, the Airbus (OTCPK:EADSY -1.5%) A320, crashed into the Java sea off the coast of Indonesia just under three months ago (AirAsia Flight 8501).
- According to a Boeing analysis, the A320 family of planes has a good safety record, with just 0.14 fatal accidents per million takeoffs.
- The plane is certified to fly up to 39K feet, its maximum altitude before its rate of climb begins to erode. The plane has an absolute flight limit of 42K feet, but can begin to experience problems as low as 37K feet, depending on temperature and weight.
- Previously: Lufthansa -4.1% after Germanwings crash (Mar. 24 2015)
Tue, Mar. 24, 7:02 AM| Comment!
Mon, Mar. 23, 11:13 AM
- Airbus (OTCPK:EADSY -1.1%) Defense and Space has agreed to sell aerospace engineering business Rostock System Technik to Ferchau Engineering for an undisclosed sum.
- The move is part of plans to sell businesses with combined revenues of about €2B ($2.2B) to focus its defense and space unit on warplanes, missiles, launchers and satellites.
- Rostock System Technik and Ferchau Engineering are both based in Germany.
Mon, Mar. 23, 7:53 AM| Comment!
Thu, Mar. 19, 7:38 AM
- Airbus (OTCPK:EADSY) has filed a $700M compensation demand from Japan's bankrupt Skymark Airlines (OTC:SKALF) for canceling an order of A380 superjumbo planes, Bloomberg reports.
- The payment is part of more than ¥200B ($1.7B) in liabilities Skymark is working through in Tokyo District Court.
- Skymark's decision to purchase six Airbus A380 superjumbos flopped last year after a weaker yen pushed up costs. Skymark also canceled lease contracts for 10 A330 aircraft.
Mon, Mar. 16, 11:04 AM
- Airbus (OTCPK:EADSY +0.3%) and Korea Aerospace have signed a contract valued at $10B over a decade for the development and production of military and civil helicopters in South Korea.
- The deal would include co-production of at least 200 armed military choppers and another 100 for civilian use. Both designs are based on the EC155.
Wed, Mar. 11, 8:02 AM
Tue, Mar. 10, 5:27 PM
- United Continental (NYSE:UAL) has begun evaluations to replace its fleet’s Boeing (NYSE:BA) 757s with the upgraded Airbus (OTCPK:EADSF, OTCPK:EADSY) A321 single-aisle jetliner or a possible new model from Boeing, a senior executive says.
- Ron Baur, UAL’s vice president of fleet, told an industry conference that the evaluations are at the conceptual stage as its 757s are comparatively young, still flying regularly on extended routes across the Atlantic that do not require a larger twin-aisle jetliner.
- Boeing is soliciting views on the capabilities of a conceptual jetliner sized between its single-aisle 737 and long-range twin-aisle 787 Dreamliner; its marketing chief said yesterday that customers were indicating a preference for a jet larger than the discontinued 757 that could fly as far as 4,800 nautical miles.
EADSY vs. ETF Alternatives
European Aeronautic Defence & Space Co (EADS) is a global aerospace, defence and related services corporation. Co.'s operations include the aircraft manufacturer Airbus, the helicopter supplier Eurocopter and the joint venture MBDA, an international supplier of missile systems. Co. is the major... More
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