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Airbus Group NV

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  • *Allianz also insurer for lost Malaysia Airlines planes. HONG KONG, Dec 29- German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 people on board, making it the third major airline accident it has been involved in this year. "We can confirm that Allianz Global Corporate& Specialty UK is the lead...

  • LONDON/ PARIS, Dec 28- The AirAsia plane that went missing on Sunday is young by commercial aircraft standards. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic control at 6:17 a.m. after taking off from Surabaya airport in Indonesia bound for Singapore, officials said. The Airbus A320-200 was...

  • PARIS, Dec 28- The AirAsia aircraft that went missing on Sunday on its way to Singapore from Surabaya in Indonesia was delivered to its operator in 2008 and had recorded 23,000 flight hours on 13,600 flights, manufacturer Airbus said in a statement. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic...

  • AirAsia faces biggest crisis as jet goes missing Sunday, 28 Dec 2014 | 8:48 AM ET

    SINGAPORE/ KUALA LUMPUR, Dec 28- AirAsia was built up from two planes in 2001 to an airline industry titan that operates more than 180 jets in just over a decade but now faces its biggest ever challenge. A dream run for the airline and its flamboyant boss, Tony Fernandes, turned sour on Sunday, as Indonesia AirAsia reported an Airbus 320-200 with 162 people on board...

  • Airbus says missing AirAsia plane was delivered 2008 Sunday, 28 Dec 2014 | 5:54 AM ET

    PARIS, Dec 28- The AirAsia aircraft that went missing on Sunday on its way to Singapore from Surabaya in Indonesia was delivered to its operator in 2008 and had recorded 23,000 flight hours on 13,600 flights, manufacturer Airbus said in a statement. Indonesia AirAsia Flight QZ8501, an Airbus 320-200 with 162 people aboard, lost contact with Jakarta air traffic...

  • Airbus CEO: 'We will be number one' Monday, 22 Dec 2014 | 11:21 AM ET

    Fabrice Brégier, President and CEO of Airbus, has told CNBC his company would take the bragging rights on aircraft deliveries.

  • PARIS, Dec 21- Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. In Toulouse, some Airbus engineers, riding high after overtaking Boeing and suspecting a short-lived marketing stunt, laughed off the future 787 with a "tail like a dolphin." Qatar Airways CEO Akbar Al Baker urged Airbus to take the 787...

  • Air France-KLM deferral of Boeing 777 raises concern Friday, 19 Dec 2014 | 6:22 PM ET

    SEATTLE, Dec 19- Boeing Co faced a potentially larger gap in production of its 777 jetliner after Air France-KLM said on Thursday that it plans to defer delivery of 10 Boeing 777 s following its third profit warning in six months. Boeing is on track to build about 500 777 s before it transitions to the successor 777 X model in 2020, based on its current production...

  • *Boeing effectively ruled out as a supplier. BRUSSELS, Dec 19- The Netherlands, Poland and Norway are to negotiate with Airbus to buy four military in-flight refuelling planes, European defence officials said on Friday. The announcement means Boeing has effectively been ruled out of the contest to supply the planes since the European consortium had asked for...

  • PARIS, Dec 17- A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said. But Tuesday's announcement also includes a nod towards national sensitivities, while not letting...

  • PARIS, Dec 16- Airbus Group on Tuesday announced the resignation of the no.2 at its planemaking unit, Chief Operating Officer Gunter Butschek, after 2-1/ 2 years in the role. Butschek will be succeeded by Tom Williams, executive vice president in charge of Airbus programs, who will in turn be replaced by A350 program chief Didier Evrard, who has completed...

  • PARIS, Dec 12- Airbus said on Friday that the delivery of the first Airbus A350 to Qatar Airways has been rescheduled for December 22. Confirming an earlier Reuters report, Airbus said in a media invitation that the delivery ceremony would go ahead in Toulouse on December 22 and would include a preview flight. Airbus has pledged to deliver the first A350, developed...

  • NEW YORK, Dec 11- The chief executive officer of United Technologies Corp said on Thursday the company would not offer an engine for widebody planes anytime soon because of the difficult financial case for it. United Tech's Pratt& Whitney unit is offering its new geared turbofan engine for smaller commercial airplanes, such as Airbus' popular A320neo...

  • *Euro STOXX 50 up 0.5 pct; Greece's ATG down 7.4 pct. LONDON 1/ 4 PARIS, Dec 11- Euro zone shares snapped a three-day losing streak on Thursday, taking their lead from gains on Wall Street after some stronger-than-expected consumer spending data from the United States. If Prime Minister Antonis Samaras fails to secure victory for his presidential candidate, snap...

  • Dec 11- The head of Dubai- based airline Emirates has reacted angrily to a suggestion by Airbus that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 instead. Tim Clark, president of Emirates, said he had protested to Airbus after its finance director aired the...

  • Euro zone shares halt slide on ECB stimulus hopes Thursday, 11 Dec 2014 | 6:24 AM ET

    *Euro STOXX 50 up 0.2 pct, FTSEurofirst 300 down 0.3 pct. *Airbus sags; worries on demand for fuel-efficient aircrafts. LONDON 1/ 4 PARIS, Dec 11- Euro zone shares halted a three-day losing streak on Thursday as expectations for further monetary stimulus were underpinned by low take-up for the European Central Bank's latest round of cheap loans.

  • PARIS, Dec 11- The head of Dubai's Emirates issued a furious reaction to a public suggestion by Airbus that it might discontinue the A380 superjumbo and told Reuters it was ready to invest massively in an upgraded version if the planemaker went ahead with it. Tim Clark, president of Emirates airline, said he had protested to Airbus after its finance director aired...

  • European shares extend slide; Airbus drops again Thursday, 11 Dec 2014 | 4:29 AM ET

    *Airbus sags; worries on demand for fuel-efficient aircrafts. PARIS, Dec 11- European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks. Shares in Airbus fell as much as 4.5 percent, adding to a 10 percent drop in the previous session...

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • OTTAWA, Dec 10- Canada will stay part of Lockheed Martin Corp's F-35 Joint Strike Fighter program while a decision is made on whether to actually buy the plane, the government said on Wednesday. The decision on how to replace Canada's current ageing fleet of Boeing Co CF-18 fighters has become a major political problem for Canada's Conservative government.