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European Aeronautic Defence and Space Company EADS NV

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  • PARIS, Dec 17- A management reshuffle at Airbus this week marks another step towards focusing Europe's biggest aerospace company on industrial performance rather than the political interests of key shareholders France and Germany, industry sources said. But Tuesday's announcement also includes a nod towards national sensitivities, while not letting...

  • PARIS, Dec 16- Airbus Group on Tuesday announced the resignation of the no.2 at its planemaking unit, Chief Operating Officer Gunter Butschek, after 2-1/ 2 years in the role. Butschek will be succeeded by Tom Williams, executive vice president in charge of Airbus programs, who will in turn be replaced by A350 program chief Didier Evrard, who has completed...

  • PARIS, Dec 12- Airbus said on Friday that the delivery of the first Airbus A350 to Qatar Airways has been rescheduled for December 22. Confirming an earlier Reuters report, Airbus said in a media invitation that the delivery ceremony would go ahead in Toulouse on December 22 and would include a preview flight. Airbus has pledged to deliver the first A350, developed...

  • NEW YORK, Dec 11- The chief executive officer of United Technologies Corp said on Thursday the company would not offer an engine for widebody planes anytime soon because of the difficult financial case for it. United Tech's Pratt& Whitney unit is offering its new geared turbofan engine for smaller commercial airplanes, such as Airbus' popular A320neo...

  • *Euro STOXX 50 up 0.5 pct; Greece's ATG down 7.4 pct. LONDON 1/ 4 PARIS, Dec 11- Euro zone shares snapped a three-day losing streak on Thursday, taking their lead from gains on Wall Street after some stronger-than-expected consumer spending data from the United States. If Prime Minister Antonis Samaras fails to secure victory for his presidential candidate, snap...

  • Dec 11- The head of Dubai- based airline Emirates has reacted angrily to a suggestion by Airbus that it might stop making its A380 superjumbo airliner, telling Reuters it could double its investment if the planemaker agreed to upgrade the A380 instead. Tim Clark, president of Emirates, said he had protested to Airbus after its finance director aired the...

  • Euro zone shares halt slide on ECB stimulus hopes Thursday, 11 Dec 2014 | 6:24 AM ET

    *Euro STOXX 50 up 0.2 pct, FTSEurofirst 300 down 0.3 pct. *Airbus sags; worries on demand for fuel-efficient aircrafts. LONDON 1/ 4 PARIS, Dec 11- Euro zone shares halted a three-day losing streak on Thursday as expectations for further monetary stimulus were underpinned by low take-up for the European Central Bank's latest round of cheap loans.

  • PARIS, Dec 11- The head of Dubai's Emirates issued a furious reaction to a public suggestion by Airbus that it might discontinue the A380 superjumbo and told Reuters it was ready to invest massively in an upgraded version if the planemaker went ahead with it. Tim Clark, president of Emirates airline, said he had protested to Airbus after its finance director aired...

  • European shares extend slide; Airbus drops again Thursday, 11 Dec 2014 | 4:29 AM ET

    *Airbus sags; worries on demand for fuel-efficient aircrafts. PARIS, Dec 11- European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks. Shares in Airbus fell as much as 4.5 percent, adding to a 10 percent drop in the previous session...

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • OTTAWA, Dec 10- Canada will stay part of Lockheed Martin Corp's F-35 Joint Strike Fighter program while a decision is made on whether to actually buy the plane, the government said on Wednesday. The decision on how to replace Canada's current ageing fleet of Boeing Co CF-18 fighters has become a major political problem for Canada's Conservative government.

  • European shares extend sell-off, Airbus plunges Wednesday, 10 Dec 2014 | 12:51 PM ET

    PARIS, Dec 10- European stocks fell for a third session in a row on Wednesday as a further plunge 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 2.4 percent and Fugro tumbled 11 percent as Brent crude oil fell below $65 a barrel on mounting signs of oversupply and lacklustre...

  • UPDATE 2-Airbus shares slump after 2016 profit warning Wednesday, 10 Dec 2014 | 12:44 PM ET

    *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.

  • Europe closes lower, oil falls to $64 after OPEC report Wednesday, 10 Dec 2014 | 11:30 AM ET

    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...

  • Airbus A350 delayed; CEO moves to allay concerns Wednesday, 10 Dec 2014 | 10:45 AM ET
    Airbus A350

    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.

  • 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...