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Stock Market & Financial Investment News

News Breaks
July 17, 2014
06:32 EDTEADSYHong Kong Aviation Capital orders 70 A320neo Family aircraft
Hong Kong Aviation Capital has signed a firm order with Airbus for a total of 70 A320neo Family aircraft -- 40 A320neo and 30 A321neo. The contract was finalized at the 2014 Farnborough Airshow. The agreement will be submitted for confirmation of HKAC's majority shareholder, Bohai leasing.
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January 28, 2015
06:22 EDTEADSYAirbus CEO promises "management consequences" after A400M delays, FT says
Airbus CEO Tom Enders promised "management consequences" within the company after further delays delivering its A400M military plane, reports the Financial Times, citing a speech given to U.K. government and military officials. The U.K. has ordered 22 planes in total, and Enders vowed to deliver seven of those to the Royal Air Force by late 2015. Germany is demanding penalty payments over deficiencies in the A400M already delivered to them, and the Financial Times notes that Airbus' defense and space division and its Spanish division are likely candidates for leadership changes. Reference Link
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

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