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Reuters - 18 hours ago

Europe’s Starlink-lite is a worthwhile also-ran

BREAKINGVIEWS-Europe’s Starlink-lite is a worthwhile also-ran The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Jennifer Johnson LONDON, Nov 21 (Reuters Breakingviews) - Right now, nearly 11,000 working satellites orbit the Earth. Over 60% are owned by Starlink, the telecoms arm of Elon Musk’s $200 billion-plus SpaceX.
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Reuters - 2 days ago

French and Benelux stocks-Factors to watch on Nov 20

French and Benelux stocks-Factors to watch on Nov 20 Nov 20 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. Airbus AIR.PA : The world's largest airplane maker Airbus's CEO said CFM engine supplies are likely enough for year-end target. He also said talks to finalise the takeover of part of Spirit Aerosystems SPR.N were going smoothly but challenges remained.
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Reuters - 2 days ago

Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead

Airbus CEO says Spirit Aero talks going well but industrial challenges lie ahead Airbus carrying out due diligence talks on Spirit assets Planemaker planning to carve up troubled supplier with Boeing Airbus CEO says Boeing financing deals reduce risk connected to completion of Spirit deal By Tim Hepher BRUSSELS, Nov 19 (Reuters) - The head of European planemaker Airbus AIR.PA said talks to finalise the takeover of part of troubled U.S.
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Reuters - 2 days ago

Airbus CEO strikes more upbeat note on CFM engine supplies

UPDATE 2-Airbus CEO strikes more upbeat note on CFM engine supplies Airbus CEO says CFM could supply urgently needed engines but will be close Says key engine supplier serving Airbus reasonably well Airbus CEO speaks to Reuters on sidelines of industry event Adds engine talks, context paragraph 7, background paragraph 14 By Tim Hepher BRUSSELS, Nov 19 (Reuters) - Airbus AIR.PA CEO Guillaume Faury on Tuesday voiced increasing confidence over engine supplies that have been hampering jet deliveries
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Reuters - 3 days ago

Airbus CEO says CFM engine supplies achievable, but tight

Airbus CEO says CFM engine supplies achievable, but tight BRUSSELS, Nov 19 (Reuters) - The CEO of Airbus AIR.PA signalled cautious optimism on crucial engine supplies on Tuesday, telling Reuters that CFM International should be able to supply enough units to support the planemaker's end-year plans but it would be "very tight". A shortfall in engine supplies from CFM, co-owned by GE Aerospace GE.N and Safran SAF.PA , has been partly blamed for sluggish Airbus jet deliveries since the summer, leav
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Reuters - 3 days ago

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets

Brazil development bank signs $100 million deal with Paraguay to fund export of Embraer jets Nov 19 (Reuters) - Brazilian development bank BNDES signed a deal with Paraguay's government on Monday to provide 600 million reais ($103.9 million) in financing for the export of six Embraer's EMBR3.SA Super Tucano fighter planes to the South American nation.
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Reuters - 3 days ago

AIRBUS CEO SAYS WILL HAVE MORE DEFINITIVE INFO ON ENGINES NOV BUT BELIEVES IT ‘SHOULD BE OK’

BRIEF-Airbus CEO: CFM engine supplies likely enough for year-end target Nov 19 (Reuters) - Airbus SE AIR.PA : AIRBUS CEO TELLS REUTERS CFM ENGINE SUPPLIES SHOULD BE ENOUGH TO SUPPORT END-YEAR TARGET BUT WILL BE VERY CLOSE AIRBUS CEO SAYS WILL HAVE MORE DEFINITIVE INFO ON ENGINES SUPPLIES AT END-NOV BUT BELIEVES IT ‘SHOULD BE OK’ Further company
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Reuters - 3 days ago

Aerospace firms urge more European collaboration ahead of Trump return

UPDATE 2-Aerospace firms urge more European collaboration ahead of Trump return European space industry needs to consolidate, Airbus CEO says Continent needs more defence co-operation, Saab CEO says Airbus CEO says Europe should be clear about its trade agenda Recasts, adds quotes from Airbus and Saab CEOs, details and context on European aerospace industry By Tim Hepher and Andrew Gray BRUSSELS, Nov 19 (Reuters) - Aerospace companies urged European governments to bolster the autonomy of their d
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Reuters - 3 days ago

Europe space industry needs consolidation, Airbus CEO says

Europe space industry needs consolidation, Airbus CEO says BRUSSELS, Nov 19 (Reuters) - The chief executive of Airbus said on Tuesday that Europe's space industry needs to restructure and consolidate in the face of private U.S. competition and investments in China and elsewhere. "We are fragmented in a world where some giants have emerged, especially in the U.S.
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Reuters - 4 days ago

Brazil's Embraer signs MoU to expand collaboration with Indonesia's PTDI

Brazil's Embraer signs MoU to expand collaboration with Indonesia's PTDI SAO PAULO, Nov 18 (Reuters) - Brazilian planemaker Embraer said late on Sunday that it had signed a memorandum of understanding (MoU) with Indonesia's PT Dirgantara Indonesia (PTDI) to expand their collaboration in commercial aviation. WHY IT'S IMPORTANT Embraer is the world's third-largest planemaker behind Airbus AIR.PA and Boeing BA.N .
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Reuters - 4 days ago

Germany to publish new defence industry strategy by year end, says minister

UPDATE 1-Germany to publish new defence industry strategy by year end, says minister Adds quotes from Airbus event BERLIN, Nov 18 (Reuters) - The German government will publish its new defence industry strategy, which aims to cut red tape and accelerate arms production, by the end of the year despite the collapse of the coalition, Defence Minister Boris Pistorius said on Monday.
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Reuters - 4 days ago

Melrose flags a way through aerospace turbulence

BREAKINGVIEWS-Melrose flags a way through aerospace turbulence The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix link paragraph three. By Oliver Taslic LONDON, Nov 18 (Reuters Breakingviews) - Melrose Industries MRON.L has located a tailwind in an otherwise bumpy sector. Prior to its latest trading update on Monday, the $8 billion London-listed aerospace supplier had seen its shares slump by a quarter since April, as leading sector lights Boeing
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Reuters - 4 days ago

GKN Aerospace owner Melrose shares surge on positive cash flow outlook

UPDATE 2-GKN Aerospace owner Melrose shares surge on positive cash flow outlook Forecasts substantial free cash flow in 2025 Four-month adjusted operating profit continued to grow year-on-year Shares rise as much as 9% to the top of FTSE100 Adds share move, detail of operations, analysts quotes Nov 18 (Reuters) - Melrose Industries MRON.L , owner of aerospace parts maker GKN Aerospace, said on Monday it expects to deliver substantial free cash flow in 2025, thanks to its restructuring as well as
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Reuters - 4 days ago

GKN Aerospace owner Melrose posts 7% rise in four-month revenue

CORRECTED-GKN Aerospace owner Melrose posts 7% rise in four-month revenue Corrects period to four-month in headline Nov 18 (Reuters) - Melrose Industries MRON.L , the owner of aerospace parts maker GKN Aerospace, reported a 7% rise in revenue for the four-month period ended Oct. 31, helped by strength in its aftermarket business. Melrose, which spun off its auto and other businesses last year to become a pure-play aerospace supplier, said its adjusted operating profit continued to grow year-on-y
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Reuters - 6 days ago

Fitch downgrades Spirit Airlines' long-term credit rating

UPDATE 2-Fitch downgrades Spirit Airlines' long-term credit rating Adds details from the release, background throughout Nov 15 (Reuters) - Fitch Ratings on Friday downgraded the long-term credit rating of Spirit Airlines SAVE.N to 'CC' from 'CCC', bringing it below the low-cost carrier's North America peers and warning that a near-term default appears probable.
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Reuters - 1 week ago

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Nov 15 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AIRBUS AIR.PA : Elon Musk's hugely successful rockets-to-satellites SpaceX venture would raise anti-trust concerns if it had to operate in Europe, the head of aerospace group Airbus said on Thursday .
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Reuters - 1 week ago

Airbus CEO says SpaceX would not pass anti-trust test in Europe

Airbus CEO says SpaceX would not pass anti-trust test in Europe SpaceX's concentrated model contrasts with Europe's distributed approach, Faury says Airbus CEO highlights Europe's need to adapt to SpaceX's competitiveness Europe's Ariane 6 launcher has yet to stage first commercial flight By Ilona Wissenbach FRANKFURT, Nov 14 (Reuters) - Elon Musk's hugely successful rockets-to-satellites SpaceX venture would raise anti-trust concerns if it had to operate in Europe, the head of aerospace group A
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Reuters - 1 week ago

Germany took step toward clearing Turkey's Eurofighter jet buy, Turkish official says

Germany took step toward clearing Turkey's Eurofighter jet buy, Turkish official says ANKARA, Nov 14 (Reuters) - Germany has mandated its sales authority to work on the sale of Eurofighter Typhoon fighter jets to Turkey after initially being opposed to the move, a Turkish defence ministry source said on Thursday, but added this did not mean the process was concluded.
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Reuters - 1 week ago

Top Russian official Shoigu visits Zhuhai air show on final trade day

Top Russian official Shoigu visits Zhuhai air show on final trade day By Gerry Doyle and Sophie Yu SINGAPORE/ZHUHAI, China, Nov 14 (Reuters) - The trade portion of China's largest air show in Zhuhai wrapped up on a rainy Thursday, with the secretary of Russia's Security Council visiting days after the Russian-made Su-57 stealth jet flew in its first appearance away from home.
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Reuters - 1 week ago

Defence firm Thales eyes profit growth after cyber expansion

UPDATE 3-Defence firm Thales eyes profit growth after cyber expansion Targets 5-7% average annual sales growth in 2024-2028 Targets 13-14% operating profit margin in 2028 Confirms 'exploratory' discussions on space consolidation Showcases defence and digital-security wares at investor day Updates shares in paragraph 9, adds analyst comment in paragraph 17, adds context By Tim Hepher PARIS, Nov 14 (Reuters) - Defence and technology company Thales TCFP.PA promised investors growth in revenue and p
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