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Airbus Group NV

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  • BEIJING, June 26- China offered a vote of confidence in the euro zone on Friday, saying that it was sure Greece's talks with creditors to avoid defaulting on its debt would go positively, ahead of Premier Li Keqiang's visit to Europe next week. "China would like to see Greece remain in the euro zone and appreciates the relevant parties' efforts in this regard."

  • The fund-raising attracted backing from Richard Branson's Virgin Group and Europe's Airbus Group, which will also build 900 "micro-satellites" designed to extend the reach of the Internet to remote corners of the world. The company, based in Britain's Channel Islands, plans over 65 launches including 39 from Virgin's spaceflight company, Virgin Galactic, and...

  • SCHROBENHAUSEN, Germany, June 25- The German armed forces want to order between 8 and 10 units of the MEADS air and missile defence system for the time being, the managing director of manufacturer MBDA Deutschland GmbH said on Thursday. Germany said this month it would buy the MEADS system from Europe's MBDA and Lockheed Martin Corp instead of an updated Patriot...

  • CAPE CANAVERAL, Fla., June 25- Privately owned OneWeb, which plans to sell Internet services via satellite, signed contracts with launch service providers Virgin Galactic and Arianespace SA for 60 flights, OneWeb said on Thursday. OneWeb, based in Britain's Channel Islands, also said it has raised $500 million from a consortium of companies, including Europe's...

  • *Group of eight investors include Virgin, Airbus, Bharti. OneWeb, whose backers include Richard Branson's Virgin Group and Indian billionaire Sunil Mittal's Bharti Enterprises, said it would use the funds to acquire 65 commercial rockets to launch satellite-borne Internet services to extend the reach of mobile operators to customers in remote corners of...

  • Google, GE top Europe corporate lobbying list Thursday, 25 Jun 2015 | 9:46 AM ET
    GE General Electric

    U.S. giants Google and GE are clocking the most corporate face time with Europe's top officials, a report by Transparency International has revealed.

  • June 25- Saudi Arabian Airlines will take delivery of 50 aircraft from Airbus in the largest aviation deal to be secured via Islamic financing, as the European planemaker tries to gain an edge over rival Boeing in the key Gulf aviation market. Dubai- based International Airfinance Corporation, an Airbus- backed sharia-compliant aircraft leasing fund, will buy...

  • SEATTLE, June 23- Boeing Co said Tuesday that President Dennis Muilenburg will take over as chief executive officer July 1, a transition that comes as the aerospace giant tries to keep pace with an historic boom in the commercial jet market and build its defense business amid tight military budgets. Muilenburg, 51, will succeed 65- year-old Jim McNerney, who...

  • UPDATE 1-China may buy 50-70 Airbus A330 jets -sources Tuesday, 23 Jun 2015 | 12:20 PM ET

    PARIS, June 23- Airbus is in talks to sell some 50-70 A330 wide-body jets to China as part of plans to set up a new industrial plant in the world's fastest-growing aviation market, sources familiar with the discussions said on Tuesday. Airbus has been negotiating for about 18 months to establish an A330 cabin-completion centre in China alongside its existing...

  • China may buy 50-70 Airbus A330 jets -sources Tuesday, 23 Jun 2015 | 11:16 AM ET

    PARIS, June 23- Airbus is in talks to sell some 50-70 A330 wide-body jets to China as part of plans to set up a new industrial plant in the world's fastest-growing aviation market, sources familiar with the discussions said on Tuesday. Airbus has been negotiating for about 18 months to establish an A330 cabin-completion center in China alongside its existing...

  • Overcapacity stifling Europe's defence industry Monday, 22 Jun 2015 | 9:55 AM ET

    *Europe remains hampered by defence market overcapacity. PARIS/ BRUSSELS, June 22- Europe's politicians need to put aside national pride and security sensitivities and let the defence industry tackle the overcapacity that has led to competing production of tanks and fighter jets, executives and EU officials say. But Europe has failed to follow the example of...

  • Overcapacity stifling Europe's defense industry Monday, 22 Jun 2015 | 9:55 AM ET

    *Europe remains hampered by defense market overcapacity. PARIS/ BRUSSELS, June 22- Europe's politicians need to put aside national pride and security sensitivities and let the defense industry tackle the overcapacity that has led to competing production of tanks and fighter jets, executives and EU officials say. But Europe has failed to follow the example of...

  • *Hong Kong regulator declines to comment. HONG KONG, June 22- The two biggest shareholders in China Aircraft Leasing Group Holding Ltd said on Monday they had no plans to cut their stake in the firm after it revealed it was unable to contact its founder and chief executive, who resigned without explanation. State-backed financial conglomerate China Everbright...

  • Airbus and Boeing plan to raise production rates of best-selling single-aisle planes by 25 percent to 50-52 a month in 2017-18 and executives at the Paris Airshow discussed the possibility of ramping up output towards 60, or even above. That prompted some rare public pushback from suppliers including major engine suppliers GE and partner Safran, who said...

  • TORONTO, June 19- Bombardier Inc got no orders for its new passenger jet, the CSeries, at this week's Paris airshow, another setback for a much-delayed program that comes just as signs of a slowdown in the commercial jet market start to grow. Even aside from the CSeries, Paris was not generous to Bombardier this year as it announced only one new firm order during the...

  • *Airbus says all remaining restrictions lifted by Spain. *Airbus aims to deliver at least 13 A400M aircraft in 2015. PARIS, June 19- Airbus said on Friday it will resume deliveries of the A400M military transporter after all remaining flight restrictions imposed following a fatal crash last month were lifted by Spanish authorities.

  • *Airbus gets orders, commitments worth $57 bln. *Airbus helped by last-minute deal with Wizz Air. PARIS, June 18- Airbus won the Paris Airshow with a last-minute $14 billion deal to sell 110 jets to Hungary's Wizz Air on Thursday, diverting attention from a growing industry debate over how quickly a record backlog of jet orders can be built.

  • PARIS, June 18- Airbus Group SE sales chief John Leahy on Thursday brushed off the idea Bombardier Inc's new CSeries jet might pose a competitive threat. Montreal- based Bombardier has not announced a firm order for the jet since September. Asked whether he was worried about the possibility Bombardier might develop a bigger CSeries jet that would compete more...

  • PARIS, June 18- Boeing leaves the Paris air show convinced of the strength of overall jetliner demand and the appeal of its 737 MAX 200, despite losing a bid to sell the high-density jet to a Hungarian low-cost carrier, a senior executive said. Boeing ended the trade days of the June 15-21 show with orders and commitments for 331 aircraft worth $50.2 billion,...

  • AIRSHOW-Airbus says weighing up both Skymark rescue plans Thursday, 18 Jun 2015 | 11:58 AM ET

    PARIS, June 18- Airbus said on Thursday it was studying two proposals to revive Skymark and would favor any plan that both gives the bankrupt Japanese airline a future and takes account of the planemaker's interests. Alongside aircraft leasing firm Intrepid Aviation Ltd, Airbus is one of the biggest creditors to Skymark, which ran into financial trouble after...