at MarketWatch.com (Nov 18, 2013)
at MarketWatch.com (Nov 17, 2013)
at Fox Business (Jun 20, 2013)
at MarketWatch.com (Nov 18, 2013)
at MarketWatch.com (Nov 17, 2013)
at Fox Business (Jun 20, 2013)
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
Sunday, Nov 173:56 AMAirbus gets deal for 50 superjumbos
Sunday, Nov 173:56 AM| 6 Comments
- As flagged, Airbus (EADSF) has received an order for 50 A380 superjumbos from Emirates at the Dubai Air Show.
- Reuters tweets: "Emirates chairman quizzed by dazed journalists on how much today's orders cost in total - 'I don't have my calculator with me,' he replies." Emirates is also acquiring 150 Boeing 777Xs with an option for 50 more.
- Emirates now has bookings for 140 A380s. It's an "unheard of dependence of an aircraft from one customer," tweets Aviation Week's Jens Flotau.
- Update: the A380 deal is worth $23B at list prices.
Sunday, Nov 171:03 AMEmirates could buy up to 50 superjumbos
Sunday, Nov 171:03 AM| Comment!
- Emirates is reportedly in discussions with Airbus (EADSF) about acquiring up to 50 A380 superjumbos in a deal that would be valued at $20B at list prices.
- The transaction, which could be signed at the Dubai Air Show, would add to the 90 A380s that Emirates has already booked.
- The order could save the A380 from receiving no firm bookings this year.
- Meanwhile, Airbus is in talks with suppliers about lowering the thrust of the engines of the A330 wide-body regional jet and reducing the plane's weight. The idea is to make the aircraft more suitable for high-frequency operations.
Monday, Oct 72:45 AMJapan Airlines to buy 31 A350 jets in deal worth $9.5B
Monday, Oct 72:45 AM| 8 Comments
- As expected, Japan Airlines has announced its first ever order for Airbus (EADSF.PK) planes, saying it will buy 31 A350 jets in a deal worth $9.5B at list prices. JAL also has an option to purchase a further 25 aircraft.
- It's a blow for Boeing (BA), which had been dominant in the Japanese market and had sold 787 planes to JAL. However, it could be that the Dreamliner's constant problems took their toll and convinced JAL to acquire the A350 instead.
- Airbus has now received orders for 756 A350 jets. (PR)
Sunday, Oct 61:35 AMSikorsky drops furlough plan after Pentagon tells staff to return
Sunday, Oct 61:35 AM| 12 Comments
- United Technologies (UTX) unit Sikorsky Aircraft has canceled plans to furlough almost 2,000 staff after Defense Secretary Chuck Hagel said that he is ordering most of the Pentagon's 400,000 civilian employees to return to work.
- United Tech had also said it would have to keep staff at its Pratt & Whitney and Aerospace Systems businesses at home if the government shutdown were to drag on this next week.
- Lockheed Martin (LMT), which intends to furlough 3,000 staffers on Monday, hasn't yet decided whether to reduce or drop those plans.
- Other companies affected by the return of Pentagon workers include BA, GD, NOC, AVAV, KTOS, HON, TXT, EADSF.PK and BAESF.PK.
Wednesday, Sep 257:21 AMAirbus lines up deals in China
Wednesday, Sep 257:21 AM| Comment!
- Airbus has obtained commitments for a total of 43 of its A320 family of aircraft from two new Chinese carriers, Qingdao Airlines and Zhejiang Loong Airlines, Airbus said at Aviation Expo China 2013 in Beijing.
- The European plane maker has also reportedly received an order for 25 A320 aircraft from China's BOC Aviation, the aircraft leasing arm of Bank of China.
- At the Expo, Airbus unveiled a short-range "regional" version of its A330-300 jet, which will seat 400 passengers and provide cost savings of 15%.
- Meanwhile, Airbus parent company EADS (EADSF.PK) intends to improve its tender to sell 60 Eurofighter Typhoons to South Korea as it looks to beat Boeing and Lockheed Martin for the deal. The Korean government called off the tender earlier this week after rejecting Boeing's 8.3T won ($7.7B) offer. The favorite for the order appears to be Lockheed Martin's F-35.
Friday, Sep 203:18 AMLufthansa orders $19B worth of planes from Boeing, Airbus
Friday, Sep 203:18 AM| Comment!
- Boeing (BA) has received an $11B booking for 34 of its upgraded 777-9X aircraft from Deutsche Lufthansa (DLAKF.PK) even though the U.S. company's board hasn't even approved the jet yet. Boeing expects to make that decision later this year.
- The German carrier has also ordered 25 Airbus A350-900s (EADSF.PK), taking its total purchases to $19B at list prices.
- Lufthansa has options for an additional 30 units of each plane as well.
- Boeing hasn't yet disclosed the pricing for the 777-9X, which is expected to carry over 400 passengers and use GE (GE) engines, although Lufthansa's order indicates a cost of above $340M a plane. (PR)
Monday, Sep 163:32 AMBoeing moves closer to winning $7.64B South Korean fighter-jet deal
Monday, Sep 163:32 AM| 1 Comment
- The officials managing South Korea's 8.3T won ($7.64B) tender for new fighter aircraft, including the defense minister, have reportedly briefed President Park Geun-hye that Boeing's (BA) F-15 Silent Eagle proposal is the only eligible bid.
- Boeing's offer was the only one of three that came in under budget, with the other two being a proposal from Lockheed (LMT) for F-35s and one from the Eurofighter consortium for the Typhoon.
- The briefing comes despite 15 former air force chiefs signing a petition opposing the selection of the F-15 due to concerns over its capabilities.
- The defense minister is now expected to chair a meeting of the decision-making committee next week.
Thursday, Sep 128:15 AMFormer Korean air force chiefs prefer F-35 over F-15
Thursday, Sep 128:15 AM| 1 Comment
- Boeing (BA) has received a blow in its bid to win an 8.3T won ($7.64B) tender to supply South Korea with new fighter jets after 15 former air chiefs signed a petition opposing the selection of the company's F-15 Silent Eagle due to concerns over its capabilities.
- The "F-15 SE is still a paper airplane under development based on 1970's models," the petition reportedly says, raising doubts about its effectiveness.
- Boeing looks to be the only candidate after its proposal met South Korea's budgetary requirements, while those of Lockheed Martin (LMT) and the Eurofighter didn't.
- "Like the United States and Japan, we need (Lockheed's) F-35s as fifth-generation aircraft," says Kim Hong-rae, who was air force chief of staff from 1994-95. "We can't just choose minicars over sedans because they are cheap."
Thursday, Sep 59:43 AMBoeing plans to triple airplane deliveries to China over 20 years
Thursday, Sep 59:43 AM| 2 Comments
- Boeing (BA) says it plans to triple its China fleet over the next 20 years, expecting orders for 5,580 new airplanes in China valued at $780B.
- BA believes strong economic growth and greater access to air travel will spur traffic to rise by nearly 7% each year in China; it foresees the biggest revenue boost from sales of single-aisle planes, used for domestic tourism and pan-Asia travel.
- The plans pose a challenge to rival Airbus (EADSF.PK, EADSY.PK), which currently has a 950-aircraft China fleet; last year, Airbus forecast delivery of 4,270 aircraft to China over 20 years, shy of Boeing's new projections but revised figures are due out from Airbus later this month.
Friday, Aug 308:31 AMHelicopters set to resume flights over U.K. North Sea
Friday, Aug 308:31 AM| Comment!
- Super Puma helicopters are set to resume flying to oil and gas platforms in the U.K. North Sea after an influential safety group called for an end to their grounding following a fatal crash nearly a week ago off the Scottish coast.
- Investigators have yet to determine the cause of the crash, but the operator and an industry oversight body say there was no fundamental problem with the copter.
- The OK for the flights averts a supply-chain bottleneck for BP and other North Sea energy operators, but leaves EADS (EADSF.PK, EADSY.PK), the helicopter's manufacturer, scrambling to improve its reputation after a succession of problems with its rotorcraft.
Thursday, Aug 299:42 AMToo early to identify causes of North Sea copter crash, investigators say
Thursday, Aug 299:42 AM| Comment!
- U.K. air crash investigators say it's too early to determine the causes of last week's fatal helicopter crash in the North Sea that led to the grounding of much of the helicopter fleet used to send crew and equipment to oil and gas platforms.
- Teams are still searching for the voice and flight data recorder of the Super Puma copter (EADSF.PK, EADSY.PK) that crashed.
- Determining the causes of the accident will be crucial in deciding whether the suspension of Super Puma flights can be lifted; BP has warned that an extended grounding would have a "major impact" on energy operations.
Sunday, Aug 253:41 AMChopper carrying passengers for Total crashes; four killed
Sunday, Aug 253:41 AM| Comment!
- A helicopter carrying 18 people for Total (TOT) has crashed off the coast of Scotland and killed four people from contractor organizations. Fourteen people were rescued.
- The helicopter involved is a Super Puma L2, made by the Eurocopter unit of EADS (EADSF.PK). Last year, a different version of the chopper crashed in two separate incidents. A safety group has called for the grounding of all Super Pumas.
Monday, Aug 1910:43 AMTop European stock picks from JPMorgan
Monday, Aug 1910:43 AM| Comment!
- With European stocks moving back into favor, JPMorgan offers up its 32 top picks.
- The broad thesis suggests rising yields - rather than being a headwind to equities - are a good thing as they'll "jumpstart the long-awaited reversal in flows" from fixed income to stocks. The team also prefers value over growth, suggesting 6 years of value underperformance is about to change. Stay away from defensive sectors - telecoms, staples, healthcare, utilities - as they display a negative correlation to bond yields.
- Among the picks: TOT, RIO, EADSY.PK, EADSF.PK, BAYRY.PK, AZSEY.PK, SCGLY.PK, UBS, ESYJY.PK, VLKAY.PK, PUBGY.PK.
Monday, Aug 198:01 AMBoeing in lead for $7.4B Korean deal
Monday, Aug 198:01 AM| Comment!
- Boeing (BA) looks to be in the lead to win a $7.4B fighter-jet order from South Korea after reportedly being the only one of the three companies vying for the deal to submit a tender that was under budget.
- "We believe our F-15 proposal can affordably meet the Republic of Korea's requirements," was Boeing's response to the speculation.
- Under Korean law, the government is not allowed to sign a contract that tops the allotted budget.
- Korea said on Friday that one of the offers met the financial requirements but didn't identify which one. On Sunday, officials said one of the bidders tried to bring its offer within budget by changing previously agreed conditions, but the government's having none of it and considers the offer over budget. Sources say the company was EADS (EADSF.PK).
- The other contractor in the race is Lockheed Martin (LMT).
Friday, Aug 168:10 PMNTSB says UPS cargo plane that crashed in Alabama was possibly desending too rapidly
Friday, Aug 168:10 PM| 6 Comments
- In their preliminary analysis, the NTSB says pilots of a United Parcel Service (UPS) cargo plane that crashed in Birmingham, Alabama received two cockpit-instrument warnings that they were descending too rapidly, seconds before the jet clipped some power lines, smashed into trees and slammed into a hill less than a mile from the airport.
- The Airbus (EADSY.PK) A300 freighter's cockpit-voice recorder revealed that the onboard ground-collision avoidance system twice issued warnings that the plane's "sink rate" was excessive.
- Although sketchy, the information didn't reveal any specific aircraft malfunctions or system failures, and suggests that investigators are shifting their focus to examine pilot error during the final phase of the descent.
Friday, Aug 167:28 AMKorea makes progress in tender for $7.4B fighter jet contract
Friday, Aug 167:28 AM| Comment!
- At least one aircraft manufacturer has submitted a bid that was under budget in a South Koran tender for a $7.4B contract to supply 60 next-generation fighter jets.
- However, officials wouldn't provide the name of the company concerned. Those vying for the deal are Lockheed Martin (LMT), Boeing (BA) and EADS (EADSF.PK).
- Korea restarted the tender this week after halting it last month because the companies' bids were above budget. The government is expected to choose a winner next month.