EADS boosted by Airbus orders
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European aerospace group EADS reports higher-than-expected profits, boosted by sales in its Airbus plane-making subsidiary.
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The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.Comment
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European plane maker Airbus said Wednesday it received 1,341 orders in 2007, slightly less than its US rival Boeing, which won 1,413.
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PARIS -- European aircraft builder Airbus believes it will deliver more aircraft than Boeing Co. at least through 2006, according to recent projections given by Airbus to suppliers.
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Germany may cancel orders placed with European aerospace firm EADS if the company shifts production at its Airbus unit out of the country, German Economy Minister Michael Glos was quoted as saying on Sunday.Comment
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Airbus SAS, the world&#39;s largest maker of airplanes, said it received firm orders from China Eastern Airlines and Air China, two of the country&#39;s main carriers, to buy 26 planes.
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BAE Systems has announced that shareholders have backed the proposed sale of its 20-percent holding in troubled European aircraft maker Airbus to Paris-based peer EADS.
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The European aircraft manufacturer Airbus hopes to win 20 new orders from at least two new airlines for its A380 superjumbo this year, its commercial director has said.
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AIRBUS is poised to snatch the most important aircraft order of the year from deadly rival Boeing by landing a deal for 80 planes from fast-growing low-cost carrier Air Asia.
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Airbus said it trailed Boeing Co. in logging new orders last year by a total of 72 civilian jets, but beat its U.S. rival in terms of deliveries.
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BAE Systems, Europe&#39;s largest defence firm, has reported a 4.5 percent rise in underlying operating profit, buoyed by higher Airbus plane deliveries.
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The European Aeronautic Defence and Space Company said that strong defence operations and increased Airbus orders had led it to lift its operating profit forecast for 2004 to more than 2.3 billion euros (3.0 billion dollars) from 2.2 billion previously.
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BOEING was given a significant lift in its battle for orders against Airbus, its European rival, yesterday when Japan Airlines (JAL) signed a deal for a fleet of its new 7E7 aircraft worth up to $6 billion (Â£3.1 billion).
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The board of directors at European aerospace group EADS have convened at company headquarters in Amsterdam, The Netherlands, and could approve the launch of the A350 XWB aircraft manufactured by its Airbus unit, sources close to the board said.
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EADS   unit  Airbus has clinched a U.S. Airways  order for 22 A350  XWB planes worth more than $4 billion at list prices, sources  said on Monday.
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Shares of Airbus parent EADS rose after a report that the company's board will approve the launch of a new mid-sized jet to rival Boeing Co.'s 787 Dreamliner at a meeting Friday in Amsterdam.
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Airbus parent EADS posted higher-than-expected nine-month earnings on Thursday driven by a strong performance in commercial aircraft and raised its 2004 targets.