|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||77.74 - 80.94|
|52-week range||52.89 - 113.90|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Airbus expects to have access to some European export credit financing on a "case by case" basis in 2017, its sales chief said on Monday. European Export Credit agencies (ECA (Paris: FR0010099515 - news) ) suspended financing for Airbus deliveries in 2016 amid a UK investigation into the use of sales agents. "I would be expecting that we will get ECA cover on a case-by-case basis this year," John Leahy, chief operating officer for customers said in an interview.
Austrian opposition parties setting up a parliamentary inquiry into the state's order for Eurofighter Typhoon jets 14 years ago have said they will seek to determine whether any kickbacks were paid to win the contract and to identify any officials who might have profited. The parliamentary inquiry formally announced on Friday by the Greens and far-right Freedom Party (FPO) comes just a week after Austrian prosecutors opened a criminal investigation into allegations of fraud against Airbus and the Eurofighter consortium, based on a complaint by the defence ministry. The four-nation Eurofighter consortium comprises BAE Systems (LSE: BA.L - news) , Italy's Leonardo and Airbus, which represents Germany and Spain's industrial interests in the project.
Austria's Freedom Party (FPO) opened the door on Tuesday for a parliamentary inquiry into whether Airbus billed the government for bribes linked to the country's 2 billion-euro ($2.1 billion) order for combat aircraft. Strache particularly wants to find out why another parliamentary inquiry, in 2007, was terminated.
Airbus named on Tuesday Jean-Brice Dumont as head of engineering at its commercial aircraft division, one of the key posts within the European aerospace and defence group. Airbus said in a statement that ...
The Airbus A400M was commissioned jointly in 2003 by the governments of Germany, Belgium, France, Britain, Luxembourg, Spain and Turkey, but since its delayed launch in 2013 it has run into difficulty, ...
Austria said on Friday that Vienna prosecutors had initiated a formal criminal investigation against Airbus and the Eurofighter consortium over alleged fraud, widening the potential fallout from a $2 billion combat jet order more than a decade ago. Defence Minister Hans Peter Doskozil said he had been notified that the two companies had been listed as defendants by Vienna prosecutors following a recent ministry complaint.
Austria may broaden a lawsuit against Airbus and the Eurofighter consortium to U.S. and British courts, alleging wilful deception and fraud linked to its 2003 order for jet fighters worth nearly 2 billion euro ($2.1 billion). On Feb. 16, Austria's defence ministry announced it would sue Airbus and Eurofighter in Austria, accusing them of misleading Vienna about the purchase price, deliverability and equipment of the jets. On Friday, a spokesman for the defence ministry confirmed a report by Austrian newspaper Kurier.
Airbus called on Wednesday for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft, after taking a fresh 1.2 billion euro ($1.3 billion) charge for Europe's largest defence project. The appeal comes seven years after Airbus won what at the time was regarded as a definitive 3.5 billion euro bailout for the delayed project, plagued from the start by political wrangling over the choice of new European engines. Airbus said recent problems with engine gearboxes and delays in supplying defensive aids had led to severe penalties, bureaucratic arguments and cash being held back by governments.
Airbus called for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft, after taking a fresh 1.2 billion euro ($1.3 billion) charge for Europe's largest defence project. Chief Executive Tom Enders told reporters Airbus was paying for the "original sin" of striking an unrealistic deal when the plane was launched in 2003.
Airbus warned supplier Zodiac that it must not let itself be distracted by its planned tie-up with aero engine maker Safran, adding that the seat maker still had work to do after delays in supplying cabin ...
Airbus will draw a line under two decades of M&A dealmaking and frenetic orders on Wednesday as it reports its first results since the European aerospace and defence group unified under its dominant planemaking arm last month. The sense of Airbus entering a new era is palpable, with the complex reorganisation set in motion by the swallowing of parent Airbus Group (Milan: AIR.MI - news) (formerly EADS), by the subsidiary it was created to oversee, coinciding with waning demand from airlines. EADS was created in 2000 from multiple mergers to form a civil and defence giant, incorporating the older Airbus, and later became Airbus Group.
Austria sued Airbus and the Eurofighter consortium on Thursday, alleging wilful deception and fraud linked to a near 2 billion euro ($2.1 billion) jet order in 2003. The defence ministry said that following an investigation it believed Airbus and Eurofighter had misled Austria about the purchase price, deliverability and equipment of the jets.
Austria filed a lawsuit on Thursday against Airbus and the Eurofighter consortium, alleging them of wilful deception and fraud linked to a 2 billion euro ($2.1 billion) order for Eurofighter jets in 2003, the defence ministry said. A recently completed ministry investigation found that Airbus and Eurofighter , with fraudulent intent, misled Austria about the purchase price, the deliverability and the equipment of the jets, the ministry said, confirming earlier media reports. The damages incurred to Austria could amount to 1.1 billion euros, the findings said.
European planemaker Airbus is shaking up its international marketing organisation amid a UK investigation into suspected irregularities in the use of intermediaries to help it land new orders, three people familiar with the matter said. The move is part of a wider internal reorganisation as Chief (Taiwan OTC: 3345.TWO - news) Executive Tom Enders tries to turn the group into a leaner and simpler company, but is also gaining top-level management attention in its own right as the company carries out a sweeping review of its sales practices, they said. Airbus, the world's second largest planemaker, has for years relied on sales teams in its planemaking unit backed up in some cases by a headquarters team of international marketers to sell jets to areas including parts of Asia and the Middle East.
Airbus employs a total of 15,000 people in Britain, including sites at Filton in southwest England and Broughton in north Wales, designing and manufacturing wings
Franco-Italian turboprop maker ATR is likely to develop a larger version of its aircraft family in the future, but is in no hurry to act, its chief executive said. ATR is jointly owned by aerospace groups Airbus and Leonardo, which are seen as split over whether to focus on the existing family of two models seating 42 to 78 people, or build a new model with 100 seats to keep up with demand for more capacity. "My personal view is that a larger ATR is a question of when rather than if," CEO Christian Scherer told Reuters, adding that any decision would be a matter for joint shareholders.
Indonesia's anti-corruption agency said on Thursday it was treating the former chief executive of airline PT Garuda Indonesia Tbk as a suspect in a bribery case. Indonesia's Corruption Eradication Commission (KPK) said in a statement the CEO of Garuda from 2005 to 2014 was suspected of taking bribes related to the purchase of planes and machines from Rolls-Royce and Airbus.
Kingdom Holding Co, which owns a 34 percent stake in Saudi low-cost airline flynas, said it had finalised the "deal with Airbus for the purchase of new aircraft"
Airbus posted an eight percent rise in deliveries last year, beating its own forecasts by a comfortable margin to set a company record, and pulled off a last-minute surge in orders to beat arch-rival Boeing (Swiss: BA-USD.SW - news) in the race for new orders. "What kept the orders party going much longer than usual was new product launches and there are few products to be launched," said Richard Aboulafia, vice president of Teal Group. Confirming an estimate published by Reuters, Airbus said it had delivered 688 aircraft in 2016, compared with its most recent forecast of 670.