Lufthansa supervisory board convenes amid reports of Airbus snub
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Lufthansa's supervisory board is scheduled to meet amid press reports that the German flag carrier is set to snub European aircraft maker Airbus and order the new stretched version of rival Boeing's 747 jet.
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The top trade officials from the United States and the European Union will discuss a row over state subsidies accorded US aircraft manufacturer Boeing and European rival Airbus at a meeting here October 18, a European Commission spokeswoman said Wednesday.
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German Chancellor Angela Merkel and French President Jacques Chirac are likely to discuss troubled aerospace group EADS  when they meet next week in Paris, but will not address issues better left to company management, a German government spokesman said.
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The leading French and German shareholders in European aerospace group EADS, the parent company of Airbus, were set to meet on Monday in Munich, a source close to the company told AFP.
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German flag carrier Lufthansa is interested in buying a 20-percent stake in British airline BMI currently held by Scandinavian Airlines System (SAS), the business daily Handelsblatt reported on Thursday.
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Airports across Germany were braced for further chaos from midnight yesterday after pay talks between management and pilots at the country's main airline Lufthansa broke down.
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European aircraft manufacturer Airbus is holding talks with partner European governments but no decision on state finance for the new A350 airliner programme is imminent, the head of Airbus has said.
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French and German leaders hold  a one-day summit dominated by the future of Airbus parent EADS  on Monday, seeking to halt in-fighting blamed for their worst  recent industrial crisis.
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Germany's biggest airline Lufthansa is considering a multi-billion-euro purchase of some 100 new planes to replace part of its aging fleet.
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The announcement that JetBlue, the struggling discount carrier, sold a 19 percent stake in its business to Lufthansa of Germany for $300 million Thursday, seemed to leave many analysts scratching their heads. "It's not clear to us what Lufthansa gains from such a transaction," William J. Greene, a Morgan Stanley analyst, wrote in a research note. [...].
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German Chancellor Angela Merkel and  French President Jacques Chirac will discuss the situation at  Airbus  on Friday but Germany insisted management and  not politicians should decide on a restructuring of the firm.
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The head of Airbus is not ruling out  abandoning the Airbus A350 XWB project, a redesigned version of  the planemaker's slow-selling mid-sized plane, because of the  delays in the A380 superjumbo, the Financial Times reported.
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Defence and aerospace group BAE Systems declines to comment on a report that it will sell its 20% stake in Airbus later this week.
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PARISAirbus has postponed a major announcement on job cuts planned for today, saying European nations could not agree how to share the work on the plane maker's next aircraft, the wide-body A350.Comment
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Airbus on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share the work on the planemaker's next aircraft, the wide-body A350.
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Job cuts at Airbus may be up for debate at a company board meeting, a union at the planemaker warns.
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The board of Airbus parent EADS  is expected on Tuesday to decide on a cost-cutting program and assess the impact of the latest delay in its A380 superjumbo plane, which one newspaper report said could now slow 2007 deliveries to just two aircraft.