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News Breaks
February 25, 2014
08:23 EDTEADSYGermany cancels Eurofighter order, Airbus demands compensation, DefenseNews says
Germany canceled an order for 37 Eurofighter jets, and now Airbus demands $1.2B in compensation, according to the Handelsblatt business daily, reports DefenseNews. Reference Link
News For EADSY From The Last 14 Days
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June 24, 2015
18:16 EDTEADSYGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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June 23, 2015
11:48 EDTEADSYAirbus in talks to sell 50-70 A330 jets to China, Reuters reports
China is in talks to buy 50-70 A330 wide-body jets from Airbus, Reuters reports, citing sources familiar with the talks. The report notes that Airbus has been in talks for nearly 18 months to set up an A330 cabin-completion center in China. Reference Link
June 22, 2015
08:28 EDTEADSYAirbus dispatches engineers to Zodiac to help overcome delays, Bloomberg says
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06:18 EDTEADSYSuppliers worried about Airbus, Boeing production rate hike, Reuters reports
Major engine suppliers, including General Electric (GE) and Safran, are becoming worried that they may lose out if they invest to meet higher commercial jet production targets from Airbus (EADSY) and Boeing (BA) that may prove unsustainable, Reuters reports. Airbus and Boeing have plans to raise production rates of their best selling single aisle planes by 25% to 50-52 a month in 2017-2018, the report says. Suppliers have said that they need to secure the start of a steep rise in output before making a commitment to even loftier targets, the report says. Reference Link
June 19, 2015
09:47 EDTEADSYAirbus plans to resume deliveries of A400M military helicopter, Reuters reports
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June 18, 2015
17:56 EDTEADSYAirbus signs deal with Wizz Air for 110 jets for $14B, Reuters says
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12:44 EDTEADSYAirbus threatens to pull of of European surveillance drone plan, FT reports
Airbus CEO Tom Enders has warned that the aerospace and defense group will quit Europe's plan to build a surveillance drone if the EU continues to place "burdensome" political requirements on multi-national military projects, The Financial Times reports. Reference Link
06:54 EDTEADSYAirbus may build longer A350, WSJ says
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June 17, 2015
10:05 EDTEADSYGE Aviation, Mahindra Aeropsace to collaborate on manufacturing opportunities
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05:51 EDTEADSYAirbus scales back planned job cuts by 14%, Financial Times reports
Airbus plans to scale back planned job cuts in its defence and space business by 14%, reports the Financial Times. In an interview, Airbus Defence and Space CEO Bernhard Gerwert said that at least 800 jobs of the 5,800 will be cut would be saved due to the strong performance in the space decision. Reference Link
June 16, 2015
18:40 EDTEADSYBoeing CEO 'convinced' of need for middle market aircraft, FT says
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09:09 EDTEADSYAirbus, Vector, Rockwell Collins sign Pro Line Fusion cockpit upgrade agreement
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08:46 EDTEADSYAir Lease announces lease placements of seven new Airbus A320neos
Air Lease Corporation (AL) announced long term lease agreements for seven new Airbus (EADSY) A320neo Family aircraft with Air Astana, the national airline of Kazakhstan. The seven aircraft include two new A320neos and five new A321neos and LRs, all from ALC’s order book with Airbus. One A320neo is scheduled to deliver in Spring 2016, while the remaining six aircraft will deliver in 2018 and 2019.
06:46 EDTEADSYJetBlue seeks long range Airbus plane for overseas growth, Reuters says
JetBlue (JBLU) is eyeing a long range plane from Airbus (EADSY) that could help carry customers farther distances, possibly growing the airline’s network in South America, Reuters reports, citing comments from an interview with JetBlue executive vice president for Commercial and Planning Marty St. George. JetBlue is particularly interested in Airbus’ A321neo aircraft, the report says. Reference Link
06:10 EDTEADSYAirbus, Boeing, Lockheed among companies eyeing Sikorsky, WSJ says
Guillaume Faury, the president of Airbus Helicopters (EADSY), is said to be watching United Technologies' (UTX) plan to offload its Sikorsky unit, though Airbus has not committed to making a bid for its rival, The Wall Street Journal reports. United Tech said yesterday that it will sell or spin off Sikorsky, which makes Black Hawk helicopters, within the next two months. Sources say that in addition to Airbus potentially being interested in Sikorsky, there is also interest coming from Lockheed Martin (LMT), Boeing (BA) and Textron (TXT). Reference Link
05:36 EDTEADSYWizz Air selects V2500 engine for 17 aircraft order
Wizz Air has selected the V2500 engine to power a new fleet of 17 previously announced Airbus (EADSY) A321ceo family aircraft. The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney (UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. This new order supplements an existing order for 179 V2500 engines, bringing the new total number of V2500 engines in Wizz Air's fleet to 213, including spares. The agreement also includes a long-term flight hour agreement.
June 15, 2015
08:15 EDTEADSYPTC says Airbus Helicopters implements Windchill PLM solution
PTC (PTC) announced that Airbus Helicopters, a division of Airbus Group (EADSY), is using the PTC Windchill PLM solution in the development of its newly unveiled H160 rotorcraft.
06:40 EDTEADSYAirbus raises 20-year forecast for jet demand
In the next 20 years, according to Airbus’ Global Market Forecast, global passenger traffic will grow at an average 4.6% a year, driving a need for some 32,600 new aircraft above 100 seats -- 1,800 passenger and 800 freighters greater than 10 tonnes -- worth $4.9T. By 2034, passenger and freighter fleets will more than double from today’s 19,000 aircraft to 38,500. Some 13,100 passenger and freighter aircraft will be replaced with more fuel efficient types. Asia-Pacific will lead in world traffic by 2034 and China will be the world’s biggest aviation market within 10 years, and clearly Asia and emerging markets are the catalyst for strong air traffic growth,” said John Leahy, Airbus COO, Customers. “Today, we are ramping up production of the A350 XWB and we are studying further production rate increases beyond rate 50 for single aisle aircraft to meet the increasing demand for air transportation.” Long-haul traffic will increasingly be to, from or between aviation mega-cities*, rising from 90% today to 95% by 2034. Aviation mega-cities are centres of urbanisation and wealth creation and will increase from 47 to 91 cities by 2034 with 35% of World GDP centred there. These mega cities are already served well by air transportation and the existing route network will accommodate 70% of all traffic growth between now and 2034. In the widebody market, Airbus forecasts a trend towards higher capacity aircraft on long-haul and an increasingly wide range of regional and domestic sectors. As a result, Airbus forecasts a requirement for some 9,600 widebody passenger and freighter aircraft over the next 20 years, valued at some $2.7T. This represents 30% of all new aircraft deliveries and 55% by value. Airbus will be especially well placed to win a leading share of the widebody market, with the A330, A350 and A380 representing the most modern and comprehensive product line available today from 200 to over 500 seats. In the single aisle market, where the A320 Family and the latest generation A320neo Family are firmly established as the global market leaders, the latest Airbus forecast sees a requirement for nearly 23,000 new aircraft worth $2.2T over the next 20 years, an increase of nearly 1,000 aircraft compared to the previous forecast, representing 70% of all new units and 45% of the value of all deliveries.
06:37 EDTEADSYGE Capital Aviation Services orders 60 Airbus A320neo aircraft
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06:34 EDTEADSYAirbus in 'advanced' talks to win order for 30 A320s worth $3.2B, Bloomberg says
SMBC Aviation Capital is in "advanced" talks to buy 30 A320neo jets from Airbus (EADSY) in a deal that could be valued at about $3.2B at list prices, Bloomberg reports, citing sources. A deal could be announced this week at the Paris Air Show, the sources say, adding that the deal is still being negotiated. SMBC is owned by Sumitomo Mitsui Financial Group (SMFG). Reference Link
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