Aviation news and digest

EADS is expected to report an increase of almost 150% in its earnings before interest and tax for the second quarter of this year

Posted in avianews by avianews on July 31, 2008

EADS is expected to report an increase of almost 150% in its earnings before interest and tax for the second quarter of this year, fuelled by a continuing strong order inflow at Airbus as well as a faster pace of deliveries. (more…)

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EADS chief financial officer Hans-Peter Ring says the company maintains its target of a € 1.8Bn Ebit for fiscal 2008 for now

Posted in avianews by avianews on July 11, 2008

In an interview with Borsen-Zeitung, EADS chief financial officer Hans-Peter Ring says the company maintains its target of a € 1.8Bn Ebit for fiscal 2008 for now. Still, he acknowledges that (more…)

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ndreas Sperl was taken into custody by French police.

Posted in avianews by avianews on July 10, 2008

Andreas Sperl, former Airbus CFO and current CEO of the Dresden-based production plant in Germany, was taken into custody by French police. EADS spokesman Pierre Bayle said Mr Sperl (more…)

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The EADS share surged 7.49% on the Paris stock exchange yesterday

Posted in avianews by avianews on July 8, 2008

The EADS share surged 7.49% on the Paris stock exchange yesterday, to €12.34, after losing 5% on Friday. The group’s stock notably benefited from a rebound of the dollar to the euro and (more…)

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Les Echos wonders how to end the crisis of confidence at EADS

Posted in avianews by avianews on July 4, 2008

Les Echos wonders how to end the crisis of confidence at EADS. Columnist Bruno Lancesseur says the “EADS house is burning”. Since the first A380 delays, bad news coming from Hamburg and Toulouse have accumulated. Yet, EADS remains a “paradox”: the company represents one of the “most beautiful industrial ventures in Europe” –Eurocopter is the world’s largest helicopter manufacturer; MBDA is the number-one or two in the missile world; and EADS Astrium is a leading satellite manufacturer. Not to mention Airbus’s success, points out the columnist, who sees several reasons to the current crisis: the weight of French-German balance; the group’s governance structure; programme issues; illintegrated operations, etc. (more…)

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Gustav Humbert, Airbus’s former CEO, was charged yesterday with insider trading at EADS

Posted in avianews by avianews on July 4, 2008

Gustav Humbert, Airbus’s former CEO, was charged yesterday with insider trading at EADS. Mr Humbert, who had been in custody since Monday, was released on bail, a legal source said. (more…)

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German engineering group Diehl said it was planning to expand the facility and would not cut jobs there

Posted in avianews by avianews on July 3, 2008

German engineering group Diehl, which took over EADS’s aircraft components plant in Laupheim in partnership with Thales, said it was planning to expand the facility and would not cut jobs there. (more…)

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EADS saw its share price stumble by 7.74% last week, to €12.16

Posted in avianews by avianews on July 1, 2008

As its win of a multibillion-dollar tanker contract in the US is called into question, EADS saw its share price stumble by 7.74% last week, to €12.16. This latest bad news has actually added up to the A400M (more…)

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EADS and the Seattle-based International Council on Systems Engineering (Incose) announced yesterday that they had signed a cooperation agreement.

Posted in avianews by avianews on June 29, 2008

EADS and the Seattle-based International Council on Systems Engineering (Incose) announced yesterday that they had signed a cooperation agreement. This agreement will allow EADS to (more…)

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EADS and trade unions yesterday called for calm between French and German workers at the Toulouse factory

Posted in avianews by avianews on June 29, 2008

EADS and trade unions yesterday called for calm between French and German workers at the Toulouse factory. Reuters reports that, in Toulouse, some officials still accuse German executives of (more…)

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Natixis, who oversaw the sale of part of Lagardere’s stake in EADS in 2006, said

Posted in avianews by avianews on June 29, 2008

Natixis, who oversaw the sale of part of Lagardere’s stake in EADS in 2006, said it would not hesitate to bring the media group to Court if the ongoing insider trading allegations were proven. Challenges

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EADS’s “Americanisation” will probably be delayed by the GAO’s ruling over the US Air Force tanker contract.

Posted in avianews by avianews on June 26, 2008

EADS’s “Americanisation” will probably be delayed by the GAO’s ruling over the US Air Force tanker contract. Analysts expect a second round of bidding for the US Air Force contract to be more favourable (more…)

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An EADS-led consortium is seen as the favourite candidate to win a $ 1Bn contract to build a border fence for Saudi Arabia.

Posted in avianews by avianews on June 26, 2008

An EADS-led consortium is seen as the favourite candidate to win a $ 1Bn contract to build a border fence for Saudi Arabia. The Saudi want to build a fence along the 900-km border with Iraq, (more…)

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EADS and Boeing are now waiting for the US Air Force to make a decision about the multibillion tanker contract

Posted in avianews by avianews on June 20, 2008

EADS and Boeing are now waiting for the US Air Force to make a decision about the multibillion tanker contract. The international pressboeing_tanker-2 largely comments the US Government Accountability Office (GAO)’s ruling which will probably force the Air Force to reopen a competition for refuelling tankers. This outcome is a further blow at EADS who faces an accumulation of concerns and “turbulences”, says Les Echos. Though the game is not lost yet, adds the daily, it should be long and difficult. “Boeing will propose such a competitive solution that it will leave no chance to EADS”, estimate Exane analysts. Beyond the tanker contract, (more…)

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EADS and Thales both deem that the concentration process of the European aerospace and defence industry is not over yet

Posted in avianews by avianews on June 20, 2008

EADS and Thales both deem that the concentration process of the European aerospace and defence industry is not over yet. French financial weekly Le Revenu analyses the five “most probable” merger (more…)

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