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News Breaks
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.
News For EADSY From The Last 14 Days
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September 30, 2014
12:03 EDTEADSYAirbus A350-900 receives Type Certification from EASA
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September 29, 2014
06:35 EDTEADSYAirbus expected to be granted A350 certification, Reuters says
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September 26, 2014
06:41 EDTEADSYAirbus exec says could add new A380 client by 2014 end, Reuters says
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September 25, 2014
09:11 EDTEADSYAirbus CEO not hurried to choose on upped jet production, Reuters says
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06:49 EDTEADSYAirbus expects upped sales as overhauled A320neo readies kickoff, Reuters says
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September 24, 2014
14:06 EDTEADSYU.S. sued over Airbus helicopter deal, Agence France-Presse says
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12:13 EDTEADSYAirbus foresees $4.6T jetliner market over next 20 years, WSJ says
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07:15 EDTEADSYAirbus packs more seats into A380 aircraft to win orders, Financial Times says
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September 22, 2014
13:49 EDTEADSYBoeing exec to up output target if supportable, Reuters says
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08:10 EDTEADSYAirbus sales head careful regarding jet output growth, Reuters says
Airbus' sales chief John Leahy said that the company has a careful perspective regarding plane output growth, by noting that it would review supply chain and other conditions before choosing to further raise the output of its A320 jets, according to Reuters, citing comments from Leahy. Reference Link
06:52 EDTEADSYReport says Germany urging Airbus for A400M cost reductions, Reuters says
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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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