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European Aeronautic Defence and Space Company EADS NV

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  • Nut rage spat latest stumble for Korean Air family Wednesday, 10 Dec 2014 | 5:03 AM ET

    SEOUL, South Korea— When South Koreans heard that a Korean Air Lines executive delayed a flight because she was angry at being served macadamia nuts in a bag there was outrage but no surprise. In the headline hogging incident now dubbed "nut rage," Cho Hyun- ah, the airline's head of cabin service and daughter of its chairman, ordered a senior crew member off the plane,...

  • *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.

  • At a glance: The family behind Korean Air Tuesday, 9 Dec 2014 | 3:53 PM ET

    Korean Air found itself in the spotlight this week when the chairman's daughter, an executive at the carrier, forced a crew member to leave the plane after she was served snack nuts improperly. Cho Yang- ho: Korean Air's chairman and CEO and son of the company's founder. The Chos were charged with receiving millions in rebates when they purchased airplanes from...

  • RPT-BUSINESS-NEWS-SCHEDULE AT 1600 GMT /1100 ET Tuesday, 9 Dec 2014 | 11:45 AM ET

    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...

  • DUBAI, Dec 4- Qatar Airways will receive Airbus' newest plane, the A350 jetliner, on Dec. 13, the Gulf carrier said in a statement on Thursday. The aircraft is the first of the 80 jets ordered by Qatar Airways, making it the first airline to receive Airbus' new wide-body long-haul jet. Qatar Airways said it would first deploy the jet for commercial service on the Frankfurt...

  • Airbus, Safran inaugurate space launcher venture Wednesday, 3 Dec 2014 | 3:45 AM ET

    PARIS, Dec 3- Aerospace groups Airbus and Safran formally inaugurated a joint venture to pool their space launcher activities on Wednesday, aiming to secure the future of the Ariane rocket and cut costs in the face of U.S. launch rival SpaceX. The announcement came after 20 European nations agreed at ministerial talks in Luxembourg to launch the Ariane 6 in 2020..

  • The new, lower-cost rocket will replace the current Ariane 5 from its first launch in 2020, French Research Minister Genevieve Fioraso said after ministerial talks in Luxembourg. The decision resolves a two-year strategy dispute between France, which backed the new rocket, and Germany, which had favoured an interim upgrade to the current technology.

  • DUBLIN, Dec 1- Aircraft leasing company Avolon Holdings set out plans on Monday to list shares on the New York Stock Exchange and raise $286 million to $314 million for shareholders, the Dublin- based firm said on Monday. Avolon, backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth...

  • BERLIN/ PARIS, Nov 30- Weeks after its dramatic coup in landing a probe on a speeding comet, Europe is hoping a last-minute deal to provide funding for the workhorse Ariane rocket will prevent its space ambitions falling back to earth this week. "It would be very serious if there is no decision on Dec 2 because Europe would have a competitive delay that it would never...

  • *Safran may split roles of CEO and chairman- source. PARIS, Nov 27- France's Thales named group secretary Philippe Logak as its temporary boss on Thursday after its main shareholders failed to resolve a dispute over the succession to Jean-Bernard Levy, who has resigned to run France's top power firm. Dassault Aviation and the French government, with 26 percent and...

  • SINGAPORE, Nov 27- Indonesia's Lion Group is buying an additional 40 aircraft from ATR for $1 billion at list prices, the companies said, in a move that will make Lion the biggest customer of the European manufacturer. Kirana's Lion Air, Indonesia's biggest and one of the world's fastest-growing airlines, has captured global attention with record purchases of...

  • SINGAPORE, Nov 27- Indonesia's Lion Group is expected to sign a deal on Thursday to buy about 40 ATR 72-600 aircraft for nearly $1 billion at list prices, a source familiar with the matter said on Thursday. Despite rival airlines deferring orders, Lion co-founder Rusdi Kirana is pushing forward with expansion plans and placing new plane orders to serve...

  • Safran opens composites plant for LEAP jet engine Monday, 24 Nov 2014 | 9:54 AM ET

    COMMERCY, France, Nov 24- French President Francois Hollande on Monday inaugurated a $200 million Safran plant in eastern France designed to make carbon-composite parts for its new LEAP aircraft engine. LEAP is the latest engine produced by the CFM International joint venture between Safran and General Electric, and will power the next generation of Boeing...

  • SEATTLE, Nov 20- Boeing Co has no plans to extend the range of its forthcoming 737 MAX 9 jetliner in response to Airbus Group's move to offer a long-range version of its competing A321 aircraft, a senior Boeing executive said on Thursday. Last month, Airbus said it would add fuel tanks to the A321neo to increase its range, targeting a market niche left open by the...

  • Nov 20- Delta Air Lines Inc confirmed on Thursday a $14 billion order for 50 widebody jets from Airbus Group NV, a victory for the European planemaker that replaces older generation aircraft from Boeing Co in Delta's fleet. It follows a closely fought competition with Boeing, which had offered its 787 Dreamliner. Airbus emerged as the front-runner in part after...

  • YEKATERINBURG/ MOSCOW, Russia, Nov 20- Russia's VSMPO-Avisma, the world's largest titanium producer, dismissed concerns on Thursday that its output could be affected by a mine accident suffered by its main raw material supplier, Uralkali. VSMPO, whose biggest customers are Airbus and Boeing, said it had enough stocks of carnallite ore, a raw material used in...