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Airbus Group NV

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  • DUBAI, Feb 3- Cash-rich Gulf banks are becoming bigger players in the region's aviation boom, helping carriers like Emirates, Qatar Airways and Etihad Airways to fund their fleet expansion. Figures from European planemaker Airbus show that 47 percent of its aircraft deals in the Middle East in the first 11 months of last year were funded by local banks, up from 17...

  • WASHINGTON, Feb. 1- Resilience, innovation and advances in technology will be key factors as NATO maps out a multibillion-dollar effort to replace its aging fleet of 17 Boeing Co E-3 Sentry Airborne Warning and Control System aircraft, a top NATO official told Reuters. "This a very crucial project for NATO for the next two decades," Palomeros told Reuters last week...

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unusual procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en route...

  • AirAsia captain left seat before jet lost control Saturday, 31 Jan 2015 | 12:16 AM ET
    Indonesian officers move the flight data recorder of the AirAsia flight QZ8501

    The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control.

  • SINGAPORE/ JAKARTA/ PARIS, Jan 31- The captain of the AirAsia jet that crashed into the sea in December was out of his seat conducting an unorthodox procedure when his co-pilot apparently lost control, and by the time he returned it was too late to save the plane, two people familiar with the investigation said. The Airbus A320 jet plunged into the Java Sea while en...

  • PARIS, Jan 29- Two of the top executives in European planemaker Airbus have written to institutional investors in a display of unity over the future of the A380, in a move to ease concerns that it may be cancelled, two people familiar with the letter said. Harald Wilhelm, finance director of both Airbus Group and its planemaking subsidiary, and sales chief John Leahy...

  • PARIS/ MUNICH, Jan 29- Airbus Group shook up the management and organisation of the A400M military transport programme on Thursday after the latest in a long series of delays and technical problems to beset Europe's largest defence project. Chief Executive Tom Enders acted two days after apologising in Britain over the problems and promising to draw internal "...

  • PARIS/ MUNICH, Jan 29- Airbus Group shook up the management and the organisation of the A400M military transport programme on Thursday after the latest in a long series of delays and technical problems to beset Europe's largest defence project. Shares in Airbus Group fell 2.3 percent. The new man in charge of Military Aircraft, Alonso, 58, has been running Airbus...

  • WASHINGTON, Jan 28- The U.S. Air Force said on Wednesday it would use Boeing Co's commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States. Boeing welcomed the Air Force's decision to skip a competition and opt for the 747-8, citing its 50- year history of building...

  • TOKYO, Jan 28- Japan's leading independent budget airline Skymark Airlines Inc filed for protection from creditors late on Wednesday, blaming a weak yen and a dispute with Airbus Group for its financial straits. "The company, believing the demands for breach-of-contract payments were unreasonable, attempted to negotiate a reduction in the payments with...

  • Jan 28- Boeing Co reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent. Boeing forecast a rise in cash flow to $6.2 billion in 2015, at the top end of expectations, from $4.3 billion at the end of the year. Boeing's results showed strong year-end performances across its...

  • Jan 28- Boeing Co reported a 23 percent rise in core quarterly profit on Wednesday, topping analysts' estimates and sending its shares up 3.4 percent. Boeing reported strong year-end performances across its defense and commercial aircraft businesses, including progress on curbing production costs for the flagship 787 Dreamliner. Boeing's deferred...

  • Airbus CEO promises shake-up after new A400M delays Wednesday, 28 Jan 2015 | 9:13 AM ET

    PARIS, Jan 28- The head of Airbus Group has promised management and organizational changes at the European aerospace firm after new delays and quality problems with its A400M military transport plane. A copy of Tuesday evening's remarks was provided by Airbus, which declined further comment. The project has undergone several transformations, switching from...

  • UPDATE 1-Boeing's profit rises on higher deliveries Wednesday, 28 Jan 2015 | 8:04 AM ET

    Jan 28- Boeing Co, the world's biggest planemaker, reported a 19 percent rise in quarterly profit, helped by booming demand for commercial aircraft. Boeing's shares rose about 4 percent in premarket trading. Boeing's net profit rose to $1.47 billion, or $2.02 per share, in the quarter from $1.23 billion, or $1.61 per share, a year earlier.

  • PARIS, Jan 27- Airbus Helicopters is betting on military deals with Poland, Qatar and Kuwait to boost orders this year as the plunge in the price of crude pressures civil demand from oil exploration companies, its chief executive said on Tuesday. Whilst total deliveries fell last year, they included a record 101 heavyweight helicopters- 53 NH90s and 48 Super Pumas-...

  • SINGAPORE/ PARIS, Jan 27- Investigators probing the crash of an AirAsia jetliner are examining maintenance records of a key part of its automated control systems, and how the pilots may have handled the plane if it failed, two people familiar with the matter said. Indonesia has said the Airbus A320 jet climbed abruptly from its cruising height and then stalled, or...

  • Turkish Airlines and Airbus declined to comment. A senior executive at the airline said last week it was considering expanding its fleet and was studying a list of Airbus and Boeing models including the A380. Fast-growing Turkish Airlines has long been on Airbus's target list as a potential customer for the aircraft.

  • BERLIN, Jan 23- Germany's defence minister has criticised Airbus over new delays in the delivery of A400M military transport planes, saying the company had a serious problem with product quality. However, the defence ministry said last week there were signals from European defence equipment agency OCCAR, which is negotiating with Airbus on behalf of...

  • BERLIN, Jan 23- Germany's defense minister has criticized Airbus over new delays in the delivery of A400M military transport planes, saying the company had a serious problem with product quality. However, the defense ministry said last week there were signals from European defense equipment agency OCCAR, which is negotiating with Airbus on behalf of...

  • DUBLIN, Jan 21- India faces growing pressure over financial uncertainty at budget carrier SpiceJet after leasing company BOC Aviation demanded the return of three leased aircraft, in what is seen as a test of global rules on aircraft investments. The leasing arm of Bank of China warned in an interview that India's fast-growing airline industry could struggle...