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June 16, 2014
06:31 EDTEADSYAirbus, Safran to join forces in launcher activities, to create 50-50 JV
Airbus Group and Safran are further strengthening their relationship to propose a new family of competitive, versatile and efficient space launchers, to serve both commercial and institutional needs.In this context, both companies have agreed to create a 50-50 Joint Venture, with a key role for each shareholder in their legacy activities especially in France and Germany, combining expertise in the launcher systems from Airbus Group as well as propulsion systems from Safran. The current industrial initiative proposes: To further develop and accelerate entry-into-service of the Ariane 5 ME launcher as a logical evolution of Ariane 5, including an improved upper stage based on the Vinci engine; and to further develop the Ariane 6 launcher in a jointly agreed configuration, able to fulfil a range of missions as expressed by ESA, the National Space Agencies, Arianespace and satellite operators. In the first phase Airbus Group and Safran would create a joint program company in order to contribute their respective civil program contracts and major participations related to civil launcher activities. Subsequently, industrial assets would be contributed overtime in order to create a world class, fully-fledged jointly owned competitive company. Airbus Group and Safran will submit the creation of the Joint Venture to all respective approvals required. Signing of the first phase of the transaction and an initial start of operations of the Joint Venture are expected before the end of 2014.
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September 17, 2014
09:12 EDTEADSYAirbus exec says strategy chief to stay with company
Airbus' head of corporate communications Rainer Ohler said via his Twitter account that the company's strategy chief Marwan Lahoud is staying with the company. The news comes after speculation arose that Lahoud could potentially be the next CEO of Safran. Reference Link
07:45 EDTEADSYLufthansa orders 15 more Airbus A320neo, 10 A320ceo aircrafts
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September 16, 2014
10:40 EDTEADSYAirbus administers A320neo final ground trials, Reuters says
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06:09 EDTEADSYAirbus Defense, Space to sell some divisions
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September 11, 2014
12:16 EDTEADSYAirbus settles A380 delivery disagreement with Qatar Airways, Reuters says
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08:22 EDTEADSYAirbus head knocks German government regarding export bar, Reuters says
Airbus CEO Fabrice Bregier knocked the German government regarding its restrictive export rule on defense products by saying that the law could prevent global partners from collaborating on defense initiatives in the future, according to Reuters, citing comments from Bregier. Reference Link
September 9, 2014
13:51 EDTEADSYNTSB finds UPS flight 1354 crashed due to 'unstabilized approach'
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