Aircraft News - Europe.Nov 6, 2006 Russian aerospace firms focusing on Chinese market. Russian aerospace firms are focusing on demand from China to drive future sales. China is already Russia's leading arms export market. Russia now hopes to generate more business in China's commercial aviation market, which is expected to be the fastest-growing market for commercial aircraft over the next two decades. Oct 31, 2006 AerCap Holdings AerCap Holdings, the Netherlands-based aircraft lessor, yesterday submitted a filing to the US Securities and Exchange Commission for a proposed US initial public offering of 26.1 million ordinary shares. It said the shares will be offered at $22-$24 each. "The securities to be offered in the proposed IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. will include shares to be issued and sold by AerCap as well as shares to be sold by shareholders of AerCap," the company said in statement, adding that the shares are expected to trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AER. "AerCap intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). it receives from the offering to repay a portion of its outstanding senior secured and junior subordinated term loans incurred in connection with its acquisition of AeroTurbine in April 2006," the company said. Nov 3, 2006 Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde , Atlantic Airways Air France Industries announced that Virgin Atlantic Airways chose it to provide total flight hour component support including access to a spares pool for eight A340s until 2016. Oct 30, 2006 Airbus Airbus EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study Names Airbus COO And CFO See Chief Financial Officer. . European aerospace group EADS said on Tuesday its board had appointed Fabrice Bregier, 45, as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at troubled commercial aircraft subsidiary Airbus. Nov 3, 2006 Airbus Airbus EADS Stake Talks Continue Before Merkel Meeting. Talks on private German investors taking a stake in European aerospace firm EADS are continuing ahead of a meeting on Friday between Chancellor Angela Merkel Angela Dorothea Merkel (IPA: [ˈaŋɡela doʁoˈteːa ˈmɛɐ̯kəl]) (b. and company managers, a senior German government source said on Tuesday. Nov 3, 2006 Airbus Merkel Gives EADS Backing, But No Investor Package. Chancellor Angela Merkel failed to produce a plan to secure new German investors in EADS after meeting the European aerospace firm's chiefs on Friday but said Berlin wanted to keep German-French parity in the group. Nov 3, 2006 Airbus No Airbus A350 Decision On Tuesday. The board of aerospace group EADS will not decide at a meeting this Tuesday whether to launch the A350 XWB XWB Extra Wide Body (Airbus) mid-sized aircraft, a source close to the company said on Sunday, denying a French newspaper report. Nov 3, 2006 Airbus EADS appoints two managers to key roles at Airbus. EADS has appointed two of its managers to key management positions at Airbus in a move to solidify its control of the jetmaker's management. EADS named Fabrice Bregier chief operating officer and Hans Peter Ring chief financial officer. Nov 1, 2006 Airbus EADS, continuing its overhaul of Airbus management, yesterday appointed Fabrice Bregier, 45, COO of the aircraft manufacturer effective immediately. He will report to new Airbus CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Louis Gallois Louis Gallois (born January 26, 1944) is a French businessman and currently the CEO of EADS, and CEO of Airbus. Louis René Fernand Gallois was born in Montauban where he obtains the degree of Baccaulaureat in 1961 followed of the graduate of Business School HEC in , with whom he will form the Airbus President's Office, EADS said in a statement. Bregier previously was head of the EADS Eurocopter Division and has served as president and CEO of the Eurocopter Group since 2003. In addition, EADS CFO Hans Peter Ring was named Airbus CFO. He will retain his post at EADS. Nov 1, 2006 Airbus Airbus insiders told this website that the company has decided to opt for a composite fuselage for the A350 to better match the 787 and leapfrog the 777-200ER even though the latest revision will push the type's entry into service to at least 2014. The manufacturer unveiled the current upgrade with a cabin 12 in. wider than the A330 and new high-speed wing at the Farnborough Airshow. ILFC ILFC International Lease Finance Corporation ILFC International Lunar Finance Commission (TV show: Space: 1999) Chairman Steven Udvar-Hazy was lukewarm on that concept, questioning whether Airbus could take on both the 787 and 777 with a single platform and warning that "there are challenges for [just] one engine and one wing and there are still [engine] issues for the A350-1000 as airlines want two engine choices." An announcement of the change to the all-composite airframe is expected early in November. Oct 31, 2006 Airbus Germans continue to discuss Airbus EADS stake. German officials continue to discuss the possibility of private German investors taking a stake in EADS. Chancellor Angela Merkel will meet with EADS managers on Friday. The government is concerned that DaimlerChrysler may reduce its stake in the Airbus parent, which would diminish Germany's influence in the company. Oct 31, 2006 Airbus, Germanwings Germanwings updated its fleet delivery schedule, saying it will add five new A319s next year and seven A320 family aircraft in 2007. It currently operates 24 A320 family aircraft. It projects it will carry 10 million passengers in 2008. Nov 2, 2006 Austrian Airlines Austrian Airlines AG is the flag carrier airline of Austria, headquartered in Vienna. It operates scheduled sevices to over 130 destinations. Its main base is Vienna International Airport, with a hub at Innsbruck Airport.[1] In 2006 Austrian had 10 million passengers. Austrian to eliminate six long-haul aircraft, cites losses on long-haul operations. Austrian Airlines said yesterday that it will cut its long-haul fleet from 16 to 10 aircraft, resulting in route eliminations and likely job reductions. Nov 3, 2006 KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) Engineering KLM Engineering & Maintenance and Honeywell signed an agreement to establish an APU APU Azusa Pacific University APU Auxiliary Power Unit APU Alaska Pacific University APU Asia Pacific University (Japan) APU American Public University APU Anglia Polytechnic University (Chelmsford) MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. center at Amsterdam Schiphol. Under the terms of the 10-year contract, KLM E&M will be an authorized Honeywell MRO center for 737NG, 777, A330 and A340 APUs, with the potential to expand to other APUs, Honeywell Director-Marketing Sales and Service-Benelux & Scandinavia Gert Mejier said at MRO Europe in Amsterdam last week. The center will be set up at EPCOR, a fully owned subsidiary of KLM E&M, which expects to repair its first APU in the second quarter of 2007. Oct 30, 2006 Lufthansa, Rolls-Royce, Airbus Lufthansa selected the Rolls-Royce Trent Rolls Royce Trent is a family of high bypass turbofan engines manufactured by Rolls-Royce. All are developments of the RB211 with thrust ratings of between 53,000 and 95,000 lbf (236 to 423 kN). 700 to power the five Airbus A330s it ordered last month. The $300 million deal includes a TotalCare long-term services agreement. Deliveries begin in the first quarter of 2008. Oct 30, 2006 Rolls-Royce, Airbus Rolls-Royce says deliveries are unaffected by Airbus problems. Rolls-Royce says its suspension of work on engines for the Airbus A380 will not affect the company's turnover. "Our deliveries for the next two years are completely unaffected by the orders in the short term," Rolls-Royce CEO John Rose says. "What we are seeing is a continued high level of activities in the airlines that will materialize in deliveries a long time in the future." Nov 2, 2006 Saab Aerotech, Air Baltic Saab Aerotech expanded its existing component services agreement covering Air Baltic's F50s to a complete component support agreement with a value of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 70 million ($9.6 million). Nov 3, 2006 Saab Aerotech, Carpatair Saab Aerotech will provide Romania's Carpatair with spares support for Saab 340 and Saab 2000 aircraft under a five-year contract valued at $20 million. Carpatair operates a fleet of 14 Saab aircraft and two F100s. Nov 3, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 30, 2006 |
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