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Airbus Group NV

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  • Airbus applies to patent 'flying saucer' plane Monday, 17 Nov 2014 | 6:30 AM ET
    The Airbus patent design

    Airbus is hoping to patent a new plane that looks more like a doughnut or flying saucer than the usual passenger plane.

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • PARIS, Nov 14- Airbus Group reported a stronger-than-expected 12 percent rise in nine-month underlying operating profit on Friday, led by its planemaking and helicopter divisions, and reaffirmed its profit forecasts for the year. Airbus said it had run into delays in enhancing the military capabilities of the A400M and that a clause allowing buyers to cancel...

  • Airbus Group reports profit hike, keeps targets Friday, 14 Nov 2014 | 1:25 AM ET

    Airbus Group reported a 12 percent rise in nine-month underlying operating profit, and reaffirmed its profit forecasts for the year.

  • PARIS, Nov 13- Indonesia's Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief executive Rusdi Kirana said. The 51- year-old former travel agent captured international attention when he announced record purchases of jets from Boeing and Airbus to serve...

  • PARIS, Nov 13- Indonesia's Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, Chief Executive Rusdi Kirana said. The owner of one of the world's fastest-growing airlines, Lion Air, is also close to placing an order for Airbus A330 wide-body jets, which it plans to use for...

  • ZHUHAI, China Nov 12- Canada's Bombardier Inc could design and build passenger jets in China as an extension of a two-year-old development and sales deal with the country's main state-owned planemaker, a senior executive told Reuters. When the first phases of the 2012 accord with Commercial Aircraft Corp of China are complete, it may be natural to "do something...

  • PARIS, Nov 6- The French government and the top private shareholder in Thales, Europe's largest defence electronics firm, are split over how to pick a successor to departing Chief Executive Jean-Bernard Levy, people familiar with the matter said. External candidates include Antoine Bouvier, chief executive for the past seven years at MBDA, a missile maker owned...

  • ISTANBUL/ PARIS, Nov 6- Turkey's Atlasjet has reached a preliminary deal with European planemaker Airbus to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said. A spokesman for Airbus, the planemaking unit of Airbus Group, said: "We do not comment on confidential...

  • ISTANBUL/ PARIS, Nov 6- Turkey's Atlasjet has reached a preliminary deal with European planemaker Airbus to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said. The tentative agreement covers current-generation A321ceo jets, but the number of units and other details...

  • French lawmakers seek clarity on Qatar tax breaks Thursday, 6 Nov 2014 | 7:09 AM ET

    PARIS, Nov 6- The finance committee of the French parliament has called for a report by mid-2015 on controversial tax breaks on property deals granted to states including Qatar, France's closest Gulf ally. In Qatar's case the concessions were granted by ex-president Nicolas Sarkozy in 2008 and exempt Qatari investors from taxes on profits made when they sell...

  • PARIS, Nov 6- Airlines in China and East Asia have ordered too few passenger jets, leasing company CIT Aerospace said, striking a contrast with recent industry warnings of an aviation capacity glut. They have missed opportunities to get new technology aircraft at close dates from the manufacturers directly, " Steve Mason, vice president of CIT Aerospace, a...

  • BEIJING, Nov 6- China Aircraft Leasing Group Holdings said on Thursday it had signed a provisional deal with Airbus Group NV to buy 100 planes valued at about $10.2 billion. The order includes 74 of Airbus' A320neo planes, it said in a stock exchange filing. Despite a recent economic slowdown, China is the world's fastest-growing aviation market and is set to...

  • PARIS, Nov 6- Airlines in China and East Asia have ordered too few passenger jets, leasing company CIT Aerospace said, striking a contrast with recent industry warnings of an aviation capacity glut. "China and that region of Asia have not got enough orders. They have missed opportunities to get new technology aircraft at close dates from the manufacturers...

  • LONDON, Nov 4- British engineer Rolls-Royce plans to cut 2,600 jobs to save money and has replaced its finance director, aiming to restore confidence following two profit warnings in eight months. Rolls-Royce, which dates back to 1884 and has around 55,000 staff worldwide, has traditionally had lower margins than market leader General Electric, meaning it can...

  • *Boeing, Airbus and Lufthansa provided support. TEL AVIV, Nov 3- The Boeing 737 narrow-body jet has been certified in Europe and Israel for airport towing by the TaxiBot system developed by Israel Aerospace Industries and its partners, the state-owned Israeli company said on Monday. Boeing and Airbus provided support for the project, which is expected to begin...

  • Oct 31- Spirit AeroSystems Holdings Inc, a supplier to Boeing Co, reported a better-than-expected quarterly profit, helped by higher margins, and the company raised its full-year profit forecast for the second time as planemakers boost production. Boeing and Airbus, which also sources parts from Spirit, now buy about two-thirds of the planes' content from...

  • Spirit AeroSystems profit up 79 pct Friday, 31 Oct 2014 | 7:54 AM ET

    Oct 31- Spirit AeroSystems Holdings Inc, which makes parts for Boeing Co and Airbus Group NV, reported a 79 percent rise in quarterly profit and raised its full-year profit forecast. Spirit's net profit rose to $168 million, or $1.20 per share, in the third quarter ended Oct. 2, from $93.7 million, or 65 cents per share, a year earlier. The company raised its full-year...

  • Although Paris- listed, the firm has less than a quarter of its employees in France, while a majority of its shareholders are to be found outside the country. However, comments from the ex-CEO himself and sources close to the board made clear that his decision to move to Boston from Paris in June, and to consider cutting jobs in France without sharing the ideas at the...