Company Watch - Airbus.Nov 13, 2006 China Boosts Airbus Jan-Oct Orders To 508. A large order from China helped to double this year's tally of Airbus plane orders in October, bringing the number of jets sold since the start of 2006 to 508, the planemaker said on Thursday. China bought 150 single-aisle planes of the A320 family during a visit to Beijing by President Jacques Chirac last month -- part of a surge in narrow-body plane sales that also included a 65 plane order from US low-cost carrier A low-cost carrier or low-cost airline (also known as a no-frills or discount carrier / airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. Skybus. Airbus had sold 226 planes in 2006 up to the end of September. Airbus also delivered 353 aircraft between January 1 and October 31, the 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 subsidiary said. Nov 10, 2006 Airbus A380 could become a bargain for some carriers. Patient airlines may eventually have the chance to purchase the Airbus A380 at bargain prices, industry analysts say. Airbus has pushed back the plane's delivery date three times because of production problems. "Airbus has to go to every customer hat in hand, get down on their knees and say, 'What can I do to make it right?'" says Edmund Greenslet, publisher of Airline Monitor, a trade publication. "One way to make it right is to make it cheaper." Nov 10, 2006 Airbus A380 Woes Push EADS To Loss. Airbus parent EADS swung to a third-quarter operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. after delays to the A380 superjumbo led to EUR EUR In currencies, this is the abbreviation for the Euro. 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 billion euros (USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. $1.28 billion) in charges. The loss before interest and taxes and before goodwill impairment and exceptional items was EUR239 million (USD$305.4 million), compared with a year-ago profit of EUR559 million (USD$714.4 million), EADS said on Wednesday. Nov 8, 2006 Airbus announced a 12-year agreement with Skybus Airlines Skybus Airlines is a privately held airline based in Columbus, Ohio, USA. It is an ultra-low-cost carrier, modeled after the European airline Ryanair and the early years of Southwest Airlines. of Ohio for a Total Support Package covering the 65 A319s that the startup LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. purchased last month. Airbus said the deal "is the most comprehensive selection ever of Airbus fleet maintenance solutions built on the Air+ by Airbus services." The manufacturer selected 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. network partner Singapore Technologies Aerospace and Messier Bugatti to provide the support. Skybus expects to launch service next spring. Nov 8, 2006 Airbus boosts budget for A350 to $12 billion. Airbus says it will boost spending on its A350, a long-range, fuel-efficient plane intended to compete with Boeing's 787 Dreamliner. Airbus will increase its budget for the plane by 20% to $12 billion. Nov 6, 2006 Airbus To Cut Number Of Suppliers. Airbus, hit by costly delays on its A380 superjumbo and trying to reduce costs in the face of a lower dollar, will cut by 80% the number of its suppliers to around 500 from 3,000, a spokesman said on Monday. He was confirming a report on French LCI LCI Livable Centers Initiative LCI Life Cycle Inventory LCI Landing Craft, Infantry LCI La Chaine Info (French cable news channel) LCI Lean Construction Institute LCI Lions Club International television station. Airbus, the civil plane making unit of EADS, said it was not planning to issue a statement on Monday regarding the supplier number cut. Nov 6, 2006 Airbus, 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 Held Liable For 1992 Crash. A French court found Airbus and Air France liable on Tuesday for damages over a 1992 plane crash that killed 87 people near the eastern city of Strasbourg but cleared six people of criminal responsibility. The court ordered the companies to pay compensation to the relatives of those killed. The amount of damages, however, had yet to be determined, and Air France has already paid millions of euros in compensation. Nov 7, 2006 FedEx Ditches A380, Switches To Boeing. FedEx Express FedEx Express, based in Memphis, Tennessee, USA, is the world's largest cargo airline. It is a subsidiary of the FedEx Corporation and delivers packages and freight to more than 220 countries each day[1]. said on Tuesday it would buy 15 Boeing 777-200F freighter aircraft and canceled its order of 10 A380-800F Airbus aircraft due to delays in delivery. FedEx said its agreement with Boeing also gives it options to purchase an additional 15 aircraft. It expects to take delivery of four of the 777 aircraft in 2009, eight in 2010 and the remaining three in 2011. Nov 7, 2006 Lufthansa will wait until after Airbus firmly commits to the A350 XWB XWB Extra Wide Body (Airbus) before making a decision on buying a 250-seat long-haul aircraft, VP-Americas Jens Bischof told reporters in Washington last week. The carrier will compare the revamped A350 with the 787. "We'll see who has the better product once the A350 redesign is done," he said. Nov 7, 2006 Airbus, EADS reports third-quarter loss. Now the sole shareholder in Airbus, EADS felt the full impact of the aircraft manufacturer's troubles as it reported a [euro]195 million ($248.8 million) third-quarter loss, a reversal from a [euro]279 million profit in the year-ago quarter. Nov 9, 2006 Airbus[sup.1]s remaining A380 freighter orders must be reconfirmed. Airbus parent EADS said Wednesday it might see more cancellations of the freighter version of its A380 airliner. EADS CFO See Chief Financial Officer. Hans-Peter Ring says the company needs to reconfirm re·con·firm tr.v. re·con·firmed, re·con·firm·ing, re·con·firms To confirm again, especially to establish or support more firmly: reconfirmed the reservations. the 15 remaining orders from UPS and International Lease Finance. FedEx earlier this week canceled its orders for the A380. Nov 9, 2006 Airbus, EADS reports large Q3 loss on A380 delays. Airbus parent EADS reported a large third-quarter loss that included $1.28 billion in charges related to delays in production of the A380 superjumbo jet. EADS said its board would decide in the coming weeks whether to proceed with development of the A350 XWB mid-sized aircraft. Nov 8, 2006 Airbus, EADS said on Wednesday its board would make a decision on the future of the A350 XWB "in the weeks to come". The Power8 program would be "crucial" for the funding needs of the A350, should it go ahead, Ring said. Depending on the Airbus decision, contract charges would have to be taken in the fourth quarter, he added. The A350 charge would be up to EUR800 million (USD$1.02 billion) in the "worst case". EADS has repeatedly reassured investors in recent months that the Airbus A400M This article contains information about a scheduled or anticipated . It may contain preliminary or speculative information, and may not reflect the final version of the aircraft. military transporter was on schedule. Ring said the company would share the conclusions of an internal technical assessment of the program in a few weeks. Nov 8, 2006 Airbus, EADS is to report 9 month earnings on Wednesday.. Last week, EADS appointed Eurocopter's Fabrice Bregier 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 Airbus and EADS finance director Hans-Peter Ring also became finance director at the unit. This completed a senior management overhaul started earlier in October when EADS co-chief executive 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 took the chief executive seat at Airbus. Gallois has said that Toulouse-based Airbus needed to cut costs to become more competitive in the face of a weaker dollar and eliminate duplication, created out of a four nation consortium with Germany, France, Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. and Spain. He has said the cost cuts were urgently needed to allow for the launch of another new plane -- the long-range A350. Nov 6, 2006 Airbus A380 superjumbo delays have forced EADS, which has dual headquarters in Munich and Paris, to consider changing the way it manufactures large commercial jets. Berlin fears substantial job cuts in Germany. Chancellor Angela Merkel Angela Dorothea Merkel (IPA: [ˈaŋɡela doʁoˈteːa ˈmɛɐ̯kəl]) (b. on Friday failed to produce a plan to secure new German investors in EADS after meeting the European aerospace firm's chiefs but said Berlin wanted to keep the German-French balance of power within the group. Germany is concerned that a move by founding EADS shareholder DaimlerChrysler to reduce its stake in the Airbus parent could diminish German influence in the company just as it is about to push through substantial cost cuts. EADS on October 13 bought back a 20 percent stake in itself from BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. for EUR2.75 billion (USD$3.5 billion). Nov 6, 2006 Airbus received a further blow on Tuesday when FedEx said it cancelled its order for 10 A380-800F freighter aircraft because of delivery delays, opting instead to buy planes from rival Boeing. EADS finance head Hans Peter Ring meanwhile cast doubt over the A380 freighter version -- UPS has 10 on order, while International Lease Finance Corporation (ILFC ILFC International Lease Finance Corporation ILFC International Lunar Finance Commission (TV show: Space: 1999) ) has five The biggest buyer of the world's biggest plane, Emirates, said last month it would send its own audit team to Airbus before entering talks to address the A380's two-year delay. Emirates has 43 of the USD$300 million planes on order. Investors are also keen to hear news on whether Airbus EADS plans to go ahead with the development of the A350 XWB mid-sized aircraft, crucial if Airbus wants to take on Boeing's fast-selling 787 Dreamliner. Nov 8, 2006 Emirates weighs up fleet options, possibly rolling over Airbus A330s to fill A380 delay void. Emirates is undertaking a major evaluation of fleet upgrade options following the two-year delay to its Airbus A380 order, in a move that could see it roll over its A330 fleet with new aircraft. Nov 10, 2006 Singapore Airlines selected the Trent 700 to power the fleet of 19 leased A330-300s it will operate from early 2009 while waiting for delivery of its A380s and A350s. The deal includes a TotalCare services agreement. Nov 6, 2006 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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