European stocks closed lower on Wednesday, with concerns over China's economy and a fall in Credit Suisse shares driving declines.» Read More
*Q4 sales 963.6 mln eur vs Reuters poll avg 940 mln. MUNICH, Feb 18- Delivering costly new engines to meet a boom in orders for passenger jets will keep profits flat at MTU Aero Engines this year, before its more lucrative spare parts business benefits later this decade, it said on Tuesday.
Orders worth $20 billion are up for grabs in the competition between Pratt& Whitney and CFM International. In contrast, CFM, a joint venture between General Electric Co and Safran, has supplied the dominant engine on narrow-body, single-aisle planes, which are the best-selling Boeing Co and Airbus Group models.
*Airbus Group says move will expand flexibility. PARIS, Feb 14- Airbus Group pressed ahead with post-Lehman plans to acquire its own banking licence on Friday, saying it would buy small German lender Salzburg Muenchen Bank AG to boost its financing options.
TORONTO, Feb 13- Bombardier Inc reported a quarterly profit that fell well short of expectations on Thursday and cut its 2014 earnings forecast as it spends heavily on developing its new CSeries jetliner, news that spurred downgrades of its credit rating and pushed its shares sharply lower.
SINGAPORE, Feb 12- Chinese planemaker COMAC is learning the hard way as it tries to compete with heavyweights Airbus and Boeing in developing a narrow-body aircraft, apparently exposed to the perils of the supply chain and program management issues.
SINGAPORE, Feb 12- Airbus said on Wednesday that Amedeo, formerly called Doric Lease Corp, had signed a firm order for 20 A380s worth $8.3 billion at list prices. Amedeo and Airbus officials signed the final agreement for the order at the Singapore Airshow, Asia's largest aerospace event.
SINGAPORE, Feb 11- Airbus is putting the finishing touches on an order worth up to $8 billion for A380 superjumbos from Doric Lease Corp, sources close to the deal said on Tuesday.
SINGAPORE, Feb 11- Airbus is putting the finishing touches on an order worth up to $8 billion for A380 superjumbos from Doric Lease Corp, sources close to the deal said on Tuesday, as the leasing company also prepares to change its brand.
SINGAPORE, Feb 11- Airbus claimed bragging rights as the Asia-Pacific's dominant aircraft supplier on Tuesday, saying the region's fast growing economies and rising passenger demand will continue to drive demand over the next 20 years.
TORONTO, Feb 10- Bombardier Inc has delivered a third CSeries jet for flight testing, and says it is making incremental progress in its delay-plagued program to get the new narrow-body passenger jet to market. Shares were up 2 Canadian cents at C $4.21 on the Toronto Stock Exchange on Monday.
SINGAPORE, Feb 10- Singapore Airlines has begun weighing a potential order for dozens of wide-body jets as it compares Boeing's revamped 777 X against Europe's Airbus A350, three sources familiar with the matter said.
*Boeing maintains forecast for global demand at $4.8 trln over 20 yrs. SINGAPORE, Feb 10- Boeing maintained its 20- year forecast for airplane demand at $4.8 trillion, and predicted that nearly half of the world's air traffic growth would be driven by travel to, from or within the Asia-Pacific over the next two decades.
SINGAPORE, Feb 10- Boeing maintained its 20- year global forecast for airplane demand at $4.8 trillion over 20 years, and estimated airlines in the Asia Pacific region would need an additional 12,820 jets in that time. Boeing put the value of the additional jets needed in the Asia-Pacific region over the next 20 years at $1.9 trillion.
*AirAsia and Lion Air in race to order fuel efficient planes. SINGAPORE, Feb 9- Low-cost carriers are flying high in Southeast Asia on the back of sharp growth in air travel, but as hundreds of new jets swarm into the region concerns are rising about its ability to absorb the record numbers of planes on order.
Vietnamese, Indian and Thai carriers will place orders for over 100 Airbus or Boeing passenger jets worth $12 billion at list prices, industry officials say. Malaysian Airlines could also place an order for Airbus long-haul and medium-haul jets.
Feb 6- Spirit AeroSystems Holdings Inc, a major supplier of components to Boeing Co and Airbus, reported a loss for the fourth quarter on charges tied mainly to the Boeing 787 program, sending its shares about 22 percent lower.
*Airbus says always studying options to improve products. SINGAPORE, Feb 7- Airbus is exploring fresh ways to improve sales of the world's largest passenger jet after receiving a potentially crucial signal of support from at least one of its engine makers, industry sources said.
*Green Mountain surges on deal with Coca-Cola. NEW YORK, Feb 6- U.S. stocks rose on Thursday after a drop in applications for unemployment insurance boosted confidence in the economy, and as Disney's results overshot expectations.
Feb 6- Spirit AeroSystems Holdings Inc, a major supplier of components to Boeing Co and Airbus, reported a loss for the fourth quarter on charges tied mainly to the Boeing 787 program, sending its shares 19 percent lower. The Wichita, Kansas, maker of fuselage and wing systems also forecast 2014 earnings below the average analyst estimate.
Feb 6- Spirit AeroSystems Holdings Inc, a major supplier of components to Boeing Co and Airbus, reported a loss for the fourth quarter, partly due to a $546 million pre-tax charge related to its Boeing 787 program. Costs spiraled for Spirit, spun off from Boeing in 2005, when the company started supplying parts for business jets along with commercial planes.