A Grexit would not lead to a mass exodus of nations from the EU, but it would cast a shadow over its future, said Spanish Defense Minister.» Read More
*Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Shares in Airbus suffered their worst drubbing in more than six years on Wednesday after the planemaker predicted flat profits in 2016, a year in which investors had expected it to start feeling the benefit of new and recently upgraded models.
European shares closed lower on Wednesday, continuing its declining trend as Greek political fears and slumping oil prices weigh.
PARIS/ LONDON, Dec 10- European stocks fell for a third session in a row on Wednesday, as a further drop in crude prices knocked down the shares of oil majors and oil services groups such as Royal Dutch Shell and Fugro. Shares in Shell dropped 1.7 percent and Fugro tumbled 12 percent as Brent crude oil slipped below $65 a barrel, hitting a five-year low on rising...
Qatar Airways announces the delivery of Airbus' brand new A350 aircraft, scheduled for early next week, has been put on hold.
*Skymark in talks with four funds on capital injection. *Skymark is also talking to JAL on code-sharing. Skymark, which began code-sharing talks with Japan's second-largest carrier Japan Airlines Co Ltd last month, will also hold similar talks with their bigger rival ANA.
LONDON- Oil prices plumbed fresh five-year lows on Tuesday, prompting investors worried about the global economy and renewed political uncertainty in Greece to dump shares. LONDON- Greek share and sovereign bond markets plunge after the government brings forward a presidential vote, in a political gamble that heightens uncertainty over the country's...
Dec 9- Spirit AeroSystems Holdings Inc, an aircraft parts maker, said it will pay rival supplier Triumph Group Inc $160 million to take over its wings contract for two Gulfstream business jets. Triumph, based in Berwyn, Pennsylvania, said the deal would immediately add to its earnings and boost annual revenue by $250 million. Gulfstream, a unit of General Dynamics...
NEW YORK, Dec 8- Boeing Co and Airbus jetliner sales to Russia are likely to be squeezed by a falling Russian ruble, the chief executive of Aircastle Ltd said, a drop that could allow the aircraft lessor to pick up some planes on the cheap. Ron Wainshal said on Monday that a weakening economy has impacted travel and airlines in Russia, which could pave the way for...
Lufthansa Technik, the maintenance division of the German airline which also specialises in fitting cabins on big VIP and executive jets, has come up with a gadget for those who want to keep their bird of prey by their side when travelling. Falconry is a popular pastime in the Middle East, where it has been practised for thousands of years, and Lufthansa Technik...
PARIS, Dec 5- Europe's Airbus sold 248 jets in November, but remained behind Boeing as both planemakers accelerated towards what could be a tight finish to their annual order race. November's Airbus sales included a total of 120 A320-family aircraft to three unidentified customers. In total, Airbus won 1,328 total orders between January and November, company...
Airbus is hoping to patent a new plane that looks more like a doughnut or flying saucer than the usual passenger plane.
Airbus Group reported a 12 percent rise in nine-month underlying operating profit, and reaffirmed its profit forecasts for the year.
Rolls-Royce warned that it would not return to growth next year, as economic conditions have deteriorated.
A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group got under way on Friday.
Lufthansa pilots will strike on Tuesday after talks over an early retirement scheme broke down again.
European shares closed lower on Thursday afternoon, as the Bank of England warned that the time for an interest rate rise was nearing.
European shares closed up on Wednesday, after wavering throughout the day, as weak economic data from Germany fuelled ECB stimulus hopes.
Boeing and Ryanair plan to make a fleet announcement, following reports Ryanair is set to place a $10 billion order with Boeing.
What have we learnt from the recent reporting flurry? Societe Generale has put together a list of conclusions to be drawn from this earnings season.
European shares closed lower on Wednesday, as investors reacted to fresh sanctions against Russia, big-name earnings and U.S. GDP.