Rolls-Royce warned that it would not return to growth next year, as economic conditions have deteriorated.» Read More
PARIS, May 7- Airbus is on track to get safety certification for its latest jetliner, the A350, by "the end of the summer" as planned, Europe's top air safety regulator said on Wednesday.
PARIS, May 7- Economy Minister Arnaud Montebourg stepped up France's push for a weaker euro on Wednesday, saying political leaders had the right to assess the right level for the currency in a position completely at odds with Germany's.
PARIS, May 7- Airbus took 78 orders in April but remained behind Boeing in the battle for new business after a relatively quiet month dominated by the reshuffling of existing orders, data released by the European planemaker showed on Wednesday.
MAIN PRIVATISATION DEALS AGREED SO FAR 2011- Sale of 10 percent stake in telecoms firm OTE to Germany's Deutsche Telekom- 10- year extension of gaming concession of gambling monopoly OPAP until 2030- Granting of license to OPAP to install 35,000 video gambling slots- Sale of frequency spectrum to Greek mobile telephony companies- Sale of 2 Airbus jets previously owned by former state carrier Olympic Airways.
*Airbus says managing A330 orders more challenging post-2016. In its annual report, parent Airbus Group, also said supplies of cabin equipment would need to be carefully managed as the industry meets strong demand for Airbus and rival Boeing jets, but said the overall supply base was "more stable".
May 2- Aircraft components maker Spirit AeroSystems Holdings Inc reported quarterly results way above analysts' estimates as its customers, Boeing Co and Airbus Group NV, boosted production to meet surging demand for large planes. Shares of Spirit Aero, spun off from Boeing in 2005, rose as much as 6 percent on Friday morning.
*Earnings $1.07/ share vs $0.57 a year earlier. Boeing Co and Airbus Group NV expect aircraft demand to reach over $4 trillion over the next 20 years and have raised their production rate. The company's net income rose to $153.6 million, or $1.07 per share, in the first quarter ended April 3, from $81.2 million, or 57 cents per share, a year earlier.
May 2- Aircraft component maker Spirit Aerosystems Holdings Inc's quarterly profit nearly doubled, partly helped by strong demand for large commercial aircraft. Net income rose to $153.6 million, or $1.07 per share, in the first quarter ended April 3, from $81.2 million, or 57 cents per share, a year earlier.
May 1- Canada's Bombardier Inc on Thursday reported slightly weaker-than-expected quarterly results and a sharp jump in spending, which sparked some analyst concern about the company's liquidity as it continues to pour money into its CSeries aircraft program.
May 1- Canada's Bombardier Inc reported slightly weaker than expected results on Thursday, prompting some analysts to express concerns about the aircraft and train maker's cash burn rate as it continues to pour money into its CSeries aircraft program.
May 1- Canada's Bombardier Inc reported lower-than-expected quarterly revenue as it earned less from the sale of its aircraft. The costly CSeries could be Bombardier's ticket into the big leagues, with its CS100 and CS300 models suited to compete with the smaller planes made by rival Boeing Co and Airbus Group.
General Electric hopes that three letters - CFM - will convince French leaders to back its offer to rescue Alstom.
*Immelt hoping to convince France to back Alstom offer. *Industry experts say Alstom deal may have to be different. PARIS, April 29- As General Electric tries to convince French leaders to back its offer to rescue engineering firm Alstom, it hopes that three letters will convince them of its good will: CFM.
*Boeing plans higher output rate for 777 X than 777- source. But because Boeing plans eventually to build more planes per month, there should be a greater volume of work for the Japanese suppliers, one of the sources said. Boeing, and to a lesser extent Airbus, its European rival, assemble jetliners from parts made across the world.
*Boeing plans higher output rate for 777 X than 777- source. But because Boeing plans eventually to build more planes per month, there should be a greater volume of work for the Japanese suppliers, one of the sources said. A Boeing spokesman in Tokyo declined to confirm the information.
Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.
France will pull out all the stops for the Chinese President’s visit, and wine-makers want a slice of the pie.
European stocks closed lower on Wednesday, with concerns over China's economy and a fall in Credit Suisse shares driving declines.
The CEO of BlackBerry has told CNBC that the value of its BBM messaging service comes from its high level of engagement.
The president and CEO of Airbus has told CNBC that the planemaker will be back at the number one slot in terms of aircraft deliveries.