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Stock Market & Financial Investment News

News Breaks
July 14, 2014
09:57 EDTESYJY, EADSYeasyJet places $3.3B order for 270 CFM engines
easyJet (ESYJY) announced an order with CFM International for 270 engines, including 200 LEAP-1A engines to power its Airbus (EADSY) A320neo family aircraft and 70 CFM56-5B engines to power additional A320ceo aircraft. CFM values the firm engine order at more than $3.3BU.S. at list price. The airline also has purchase rights for an additional 100 A320neo aircraft. The 100 A320neo and 35 A320ceo aircraft orders were originally announced in July 2013. Over the next three years, these engines will accumulate approximately 40K engine cycles leading up to entry into service.
News For ESYJY;EADSY From The Last 14 Days
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January 29, 2015
10:00 EDTESYJYOn The Fly: Analyst Upgrade Summary
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08:39 EDTEADSYAirbus announces resignation of head of Military Aircraft business unit
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05:36 EDTESYJYeasyJet upgraded to Overweight from Equal Weight at Barclays
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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