Aircraft News - Europe.For more aircraft news, data, fleets and analysis, please go to: http://www.airguideonline.com/professional.htm Sep 11, 2006 Airbus Airbus has replaced the head of the A380 program in another move designed to calm clients involved with the troubled project. Charles Champion's move comes just two months after a crisis over production delays led to the resignation of the company's chief executive and the co-head of parent 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 . Airbus said Champion had been replaced by Mario Heinen, who was in charge of the A320-family jets. Champion will continue as an advisor to the company. The change came as hundreds of employees took part in test flights from Toulouse. Sep 10, 2006 Airbus The Airbus A380 program was boosted Monday when a test aircraft carrying 474 "passengers," described as Airbus employees and "cabin experts," completed the first of four test flights scheduled for this week. The first lasted 7 hr. and the remaining flights will go as long as 15 hr. Sep 6, 2006 Airbus Airbus A380 makes first test flight, program gets new leader. The Airbus A380 superjumbo jet made its first test flight with a full passenger load in France Monday. The seven-hour round-trip flight from Toulouse to Paris was the first of four test flights scheduled for this week. Airbus also named Mario Heinen to lead the A380 program; he was previously in charge of the A320. Sep 5, 2006 Airbus Airbus names Heinen new A380 head, completes passenger test flight. Fallout from A380 production delays continued Monday when Airbus removed Charles Champion as head of the next-generation aircraft program and promoted Mario Heinen, its Single Aisle Program chief, to senior VP and A380 Program head. The announcement came the same day as the A380's first passenger test flight. Alain Flourens, executive VP and head of Airbus's Centers of Excellence, will take over Heinen's role and Champion will remain as a special adviser to 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. Christian Streiff. Heinen, 50, takes over a program bedeviled by production delays that have pushed back deliveries twice. Extensive wiring problems revealed in June led to the forced resignations of CEO Gustav Humbert and EADS co-CEO Noel Forgeard (ATWOnline, July 3). Airbus said its management team "is currently working on a review of the A380 industrial situation and the preparation for the launch of the A350" and Streiff plans to report the findings by the end of the month. Sep 5, 2006 Airbus, BAE Systems, EADS BAe board urges sale of Airbus stake for [euro]2.75 billion. BAE Systems, conceding that it would likely have to wait an "extended period" for the value of its 20% stake in Airbus to rise, decided late Wednesday to sell the holding to EADS for [euro]2.75 billion ($3.52 billion), well below previous estimates that the stake was worth [euro]4-[euro]5 billion. BAE's board said in a regulatory filing that "it is in the best interest of the company to exit at the price determined" rather than to spend the "significant amount of management focus, time and investment" required to help Airbus address its "significant issues." If the sale goes through, as is widely expected, EADS would hold a 100% stake in Airbus. Sep 8, 2006 Airbus, BAE Systems, EADS BAe was surprised in July when investment bank Rothschild said its stake was worth just [euro]2.75 billion. It pushed back the long-planned divestment and enlisted PricewaterhouseCoopers to perform an independent audit of Airbus that confirmed Rothschild's valuation. BAe's board said it is sending a circular to shareholders with the time and location of an "extraordinary general meeting" required to approve the sale. Repayment of outstanding debt between BAE and Airbus and transaction-related costs will cut BAE's 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). from the sale to [euro]1.78 billion, the UK aerospace company said. Sep 8, 2006 Airbus, BAE Systems, EADS EADS co-CEO Louis Gallois told Le Monde n. 1. The world; a globe as an ensign of royalty. Le beau monde fashionable society. See Beau monde. Demi monde See Demimonde. , in response to BAe's statement, that those programs are being examined carefully and results of an internal review will be announced soon. "In July we told the financial markets that the risks and the programs were being studied," he said. "We knew that we had to deal with significant challenges at Airbus. We are working on them, and we will have a complete view in a few weeks" when a revised A380 delivery schedule is announced and new A350 financing likely will be approved. Sep 8, 2006 Airbus, Swiss International Swiss International Air Lines Swiss International Air Lines (short: Swiss) is the principal airline of Switzerland operating scheduled services in Europe and to North America, South America, Africa and Asia. Its main hub is Zurich Kloten Airport (ZRH). will acquire a further two A321s and one A320 next spring for its European fleet. The extra capacity will enable the carrier to provide additional feeder services for its long-haul fleet, which will add two A330-200s in November. Swiss said the new aircraft will create some 250 new jobs. Its short-haul fleet comprises six A321s, 15 A320s, seven A319s and 24 Avro RJ85/100s. Sep 6, 2006 BAe Systems, Airbus, EADS BAe Systems has agreed to sell its 20% stake in Airbus to EADS for [pounds sterling]1.87 billion. If shareholders agree to the deal, pan-European EADS, which owns 80% of Airbus, will own the firm outright. The 13,000 Airbus workers in the UK, where aircraft wings are built, are not thought to be affected by the deal. BAE can sell its 20% stake after a 2001 deal it signed with Franco-German EADS. Sep 10, 2006 Boeing, Air France Air France to equip entire 777 fleet with Boeing EFBs. Air France ordered Boeing Class 3 electronic flight bags for its fleet of 777s, comprising 42 in-service aircraft and 13 to be delivered. It is the eighth carrier this year to order the Class 3 EFB EFB Electronic Flight Bag (aircraft/crew computing device) EFB European Federation of Biotechnology EFB English for Business EFB Esbjerg Forenede Boldklubber (Esbjerg, Denmark soccer club) , Boeing said, adding the order was the "most significant" to date from a European airline. Air France partner KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) was the launch customer for the 777 EFB in 2002. The Dutch flag carrier currently operates 13 EFB-equipped 777s and eventually will have 18. Sep 8, 2006 Embraer, FlyBE FlyBE is to introduce the first of a $950 million fleet of new Embraer 195 aircraft on routes from Birmingham International Airport Birmingham International Airport may refer to:
SR Technics tech·nic n. 1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process. 2. technics (used with a pl. verb) Technical details, rules, or methods. 3. Participating in the SR Technics investment is Dubai Aerospace Enterprise Wikipedia is not the place for advertisement or self-advertising. Dubai Aerospace Enterprise (DAE) was established in Dubai in February 2006, and is building a global aerospace, manufacturing and services corporation. , the recently launched investment vehicle for the emirate's global aerospace ambitions headed by former Honeywell Aerospace chief Bob Johnson. DAE See digital audio extraction. will hold 30% of SRT (1) (Source Routing Transparent) An IEEE-standard that provides bridging between Ethernet and Token Ring networks. Ethernet LANs use transparent bridging, and Token Ring LANs use source route bridging (SRB). . The third investor is Istithmar, a Dubai-based investment house established by the emirate e·mir·ate n. 1. The office of an emir. 2. The nation or territory ruled by an emir. Noun 1. emirate - the domain controlled by an emir in 2003. SRT management, which currently holds 11.7% of the company, will retain a 10% stake. Sep 8, 2006 SR Technics SR Technics had been controlled by venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] 3i (56%) and Star Capital (20%), other institutional investors (12.7%) and SRT management, who acquired it following the collapse of Swissair. Earlier this year it said it had agreed with its controlling investors to conduct an 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. before the end of 2006, but Turner said that sale of the company to the consortium ensures its continued growth and access to capital. In particular, he noted that both the Middle East region and India represent large opportunities for 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. providers. Sep 8, 2006 SR Technics SR Technics revenues rose 17% last year to CHF CHF In currencies, this is the abbreviation for the Swiss Franc. 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. 1.36 billion and EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). increased 11% to SRT62 million. However, the company posted a net loss of CHF2.6 million largely owing to currency fluctuations. Sep 8, 2006 SR Technics UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. investors buy control of SR Technics. A consortium of United Arab Emirates-based investors is to acquire 90% of SR Technics from its current owners in a transaction valued at CHF1.6 billion ($1.3 billion). The consortium is led by Mubadala Development, the investment vehicle of the Abu Dhabi government, which will own 40% of the Zurich-based maintenance, repair and overhaul Maintenance, Repair and Overhaul or MRO is a multi-billion dollar industry which works on international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets. company after the purchase is completed in about two months. Sep 8, 2006 TAP Portugal, White Airways TAP Portugal sells White Airways subsidiary. TAP Portugal reached agreement with OMNI OMNI Omnidirectional OMNI Organising Medical Networked Information OMNI Opportunities for Micronutrient Interventions Project OMNI Operating Missions as a Node on the Internet (NASA networking project) Aviation of Portugal for the sale of TAP's small leisure carrier White Airways for an estimated [euro]5 million ($6.4 million). White operates one A310-300 and one L-1011-500. According to the terms, the ownership of the L-1011 is transferred to TAP, due for subsequent alienation, while OMNI will operate the A310 currently under lease. White was established in November 2004 following the restructuring of YES, a former charter carrier that had been created nearly five years earlier by TAP and Abreu Group. TAP recently purchased Abreu's 24% holding in White. Sep 7, 2006 |
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