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News Breaks
July 14, 2014
06:29 EDTBAIRY, EADSYBritish Airways owner issues order for 20 A320neo planes, Reuters says
British Airways (BAIRY) owner IAG issued an order for 20 Airbus (EADSY) 320neo jets, an agreement valued at well over $1B at list prices, and which occurred on first day of the Farnborough Airshow, according to Reuters, citing a statement from IAG. Reference Link
News For BAIRY;EADSY From The Last 14 Days
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January 21, 2015
09:04 EDTEADSYEmirates to buy 100 Airbus A380 if engine receives upgrade, Bloomberg says
Emirates has committed to buying 100 more Airbus A380 planes on the condition that the company upgrades its engines, reports Bloomberg. The offer comes as new A380 orders crawled to a halt in 2014 and Airbus focuses on its new A350 wide-body. The development of the new "Neo" engines would cut seat-mile costs by 10%-13%. Reference Link
January 13, 2015
08:22 EDTBAIRYRyanair CMO says company willing to sell Aer Lingus stake, Bloomberg says
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06:50 EDTEADSYBoeing, Airbus could be hurt by oil tumble, NY Times says
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06:16 EDTEADSYChina Aircraft Leasing firms up order for 100 Airbus A320 Family aircraft
China Aircraft Leasing Company firmed up its contract in December 2014 with Airbus for 100 A320 Family aircraft. The order comprises 74 A320neo, 16 A320ceo and 10 A321ceo. Including this new order, CALC’s total backlog with Airbus stands at 140 A320 Family aircraft.
06:12 EDTEADSYAirbus to equip long-haul jets with floatable black boxes, AFP reports
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January 12, 2015
08:44 EDTBAIRYBritish Airways parent to raise Aer Lingus bid again, Bloomberg says
International Airlines Group (ICAGY), the parent of British Airways (BAIRY), which has been rejected at least twice by Aer Lingus, is considering raising its proposed takeover bid for the Irish carrier to as much as EUR 2.50, or $2.95 per share, as soon as this week, said Bloomberg, citing people familiar with the matter. IAG confirmed on Jan. 9 that it had submitted a revised proposal to make an offer for Aer Lingus on December 29, 2014, which has been rejected by the Board of Aer Lingus. The revised proposal consisted of a cash offer of EUR 2.40 per Aer Lingus share. Reference Link
07:15 EDTBAIRYActivist says IAG will have to increase bid for Aer Lingus, Telegraph reports
International Airlines Group (ICAGY) could have to bid up to EUR3 per share for Aer Lingus in order to strike a deal, The Telegraph reports, citing comments from Crystal Amber, an activist investor that holds a 2.8% stake in Aer Lingus. Richard Bernstein, investment adviser at Crystal Amber, thinks the board of Aer Lingus was "absolutely right" to reject IAG's EUR2.40 per share offer. IAG is the parent of British Airways (BAIRY). Reference Link

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