Items by By NICOLA CLARK
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Hollande and Sarkozy Head to Runoff in French Race
Posted: April 22nd, 2012, 6:35pm EDT by By NICOLA CLARK
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François Hollande, the Socialist challenger, came out on top in the first round of French presidential elections, but he had a slim lead over the incumbent, Nicolas Sarkozy.
NYT > Business
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Chief of Airbus Parent Warns on Government Meddling
Posted: March 8th, 2012, 8:03pm EST by By NICOLA CLARK
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Responding to criticism from a German official, Louis Gallois pointed to robust earnings and orders as proof that all countries with a stake in the European aerospace company were being served.
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Air Industry Faces Public's Pereception of Safety
Posted: February 28th, 2012, 3:58pm EST by By NICOLA CLARK
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Regulators emphasize that aircrafts are more closely scrutinized today than ever before, but the ever-widening availability of information can still cause lasting impressions.
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Selecting a Seatmate to Make Skies Friendlier
Posted: February 23rd, 2012, 4:47pm EST by By NICOLA CLARK
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The Dutch carrier KLM and others are testing programs to allow ticket-holders to upload details from their online profiles and use that data to choose seatmates.
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Etihad Airlines Looks to China and India for Growth
Posted: February 10th, 2012, 1:23am EST by By NICOLA CLARK
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The airline, headquartered in Abu Dhabi, is looking for Asian airlines as partners to help direct the growing number of Chinese and Indian travelers to its routes.
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Regulators Order Inspections for Entire Airbus A380 Fleet
Posted: February 8th, 2012, 11:30am EST by By NICOLA CLARK
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The news that A380 wing bracket cracks could be more widespread comes at a time when Boeing is grappling with what it said were minor defects on its 787 “Dreamliner.”
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Trichet Nominated To Board Of EADS
Posted: January 27th, 2012, 1:13am EST by By NICOLA CLARK
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The long-anticipated management shuffle at EADS preserves the delicate balance of French and German control of the company.
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European Air Safety Regulators Order Checks on A380s
Posted: January 20th, 2012, 8:05am EST by By NICOLA CLARK
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The inspections come after hairline cracks were found in a component of the wings on a handful of the Airbus superjumbos in recent months.
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A380 Jets May Get Closer Inspections
Posted: January 19th, 2012, 2:36pm EST by By NICOLA CLARK
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Industry officials said the discovery was likely to prompt European safety regulators to order mandatory inspections as a precaution.
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After Record Year, Airbus Predicts Orders to Drop
Posted: January 17th, 2012, 9:17am EST by By NICOLA CLARK
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The European plane maker said demand for its jets would fall by about half in 2012, after beating Boeing for a fourth consecutive year.
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DealBook: British Airways' Parent Nabs Lufthansa's BMI
Posted: December 22nd, 2011, 7:25am EST by By NICOLA CLARK
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British Airways and the Spanish carrier Iberia beat out Virgin Atlantic Airways on Thursday in the bidding for British Midland International, the unprofitable airline being sold by Lufthansa of Germany.
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DealBook: British Airways' Parent Nabs Lufthansa's BMI
Posted: December 22nd, 2011, 7:25am EST by By NICOLA CLARK
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British Airways and the Spanish carrier Iberia beat out Virgin Atlantic Airways on Thursday in the bidding for British Midland International, the unprofitable airline being sold by Lufthansa of Germany.
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Carbon Emission Fees for Flights Upheld
Posted: December 22nd, 2011, 1:00am EST by By NICOLA CLARK
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A decision by the European Union’s highest court on Wednesday could spark a trade war with countries that oppose being forced into Europe’s carbon-trading system.
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Carbon Emission Fees for Flights Upheld
Posted: December 22nd, 2011, 1:00am EST by By NICOLA CLARK
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A decision by the European Union’s highest court on Wednesday could spark a trade war with countries that oppose being forced into Europe’s carbon-trading system.
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Etihad and Air Berlin Form an Alliance
Posted: December 19th, 2011, 11:48am EST by By NICOLA CLARK
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The partnership calls for Abu Dhabi-based Etihad to increase its stake in Air Berlin, Germany's second-biggest airline, and gain access to new European routes.
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Airline Industry Group Sees Tough Year Ahead
Posted: December 7th, 2011, 5:34am EST by By NICOLA CLARK
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A collapse of the euro risks squelching growth in global air traffic, a scenario that could push airlines into collective losses of more than $8 billion, I.A.T.A. warned.
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Airline Industry Group Sees Tough Year Ahead
Posted: December 7th, 2011, 5:34am EST by By NICOLA CLARK
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A collapse of the euro risks squelching growth in global air traffic, a scenario that could push airlines into collective losses of more than $8 billion, I.A.T.A. warned.
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Germany Said to Cancel Billions in Military Plane Orders
Posted: October 20th, 2011, 9:08am EDT by By NICOLA CLARK
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EADS, the parent company of Airbus, is bracing for months of thorny negotiations with Berlin as it seeks the cancellations in an effort to slash the country’s defense budget.
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Airline Trade Group Sees Bigger Profits This Year
Posted: September 21st, 2011, 3:20am EDT by By NICOLA CLARK
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But the International Air Transport Association said demand for air travel would begin to sag by the end of the year and remain weak well into 2012.
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Air France Union Halts Help in Crash Inquiry
Posted: August 3rd, 2011, 5:04pm EDT by By NICOLA CLARK
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The pilots are protesting what they said was a decision by investigators to downplay the role of the plane’s stall warning system in an interim report.
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Jet Order by American Is a Coup for Boeing’s Rival
Posted: July 20th, 2011, 9:30pm EDT by By NICOLA CLARK
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The order from Boeing and Airbus, which hasn’t sold new planes to American for years, is worth over $38 billion.
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Iceland Volcano Closes Airports
Posted: May 23rd, 2011, 2:01am EDT by By NICOLA CLARK
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Officials said Sunday that it appeared there would be no wider threat to European air travel for the next 24 hours.
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W.T.O. Ruling on Airbus Subsidies Upheld on Appeal
Posted: May 18th, 2011, 9:38pm EDT by By NICOLA CLARK
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The ruling finds that European aid to Airbus cost its American rival market share and may require a remedy, but says it was not prohibited.
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Airbus Gets $9.5 Billion Order for 100 Jets
Posted: March 9th, 2011, 4:20am EST by By NICOLA CLARK
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But the buyer, International Lease Finance, also said it had canceled its commitment to buy 10 A380 superjumbo jets.
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EADS Swings to Profit in 2010 on Stronger Airbus Sales
Posted: March 9th, 2011, 4:15am EST by By NICOLA CLARK
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A solid recovery in new jet sales at its Airbus unit lifted European Aeronautic Defense and Space to a net profit of $768 million last year, from a net loss in 2009.
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EADS Chief Skeptical About ‘Golden Shares’ for Paris and Berlin
Posted: January 12th, 2011, 6:20pm EST by By NICOLA CLARK
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The main shareholders have revived the idea to give France and Germany a veto over strategic decisions, but Louis Gallois said the idea faced an uphill battle with regulators.
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France Finds Continental Guilty in Crash of Concorde
Posted: December 6th, 2010, 6:50am EST by By NICOLA CLARK
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The airline was found guilty of involuntary homicide for its role in the 2000 crash of a jet that killed 113 people.
NYT > Home Page
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France Finds Continental Guilty in Crash of Concorde
Posted: December 6th, 2010, 6:50am EST by By NICOLA CLARK
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The airline was found guilty of involuntary homicide for its role in the 2000 crash of a jet that killed 113 people.
NYT > Business
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EADS Chief Sees Future in Emerging Markets
Posted: November 12th, 2010, 6:23pm EST by By NICOLA CLARK
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Louis Gallois said EADS wanted a top executive from Asia by 2013 and to build regional headquarters there.
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Rolls-Royce Blames A380 Emergency on Engine Part
Posted: November 12th, 2010, 9:00am EST by By NICOLA CLARK
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The company said a “specific component in the turbine area” caused an oil fire that forced an A380 Airbus to make an emergency landing in Singapore last week.
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French Strikes Disrupt Travel
Posted: October 12th, 2010, 3:07pm EDT by By NICOLA CLARK
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The confrontation between unions and the French government over pension reform intensified on Tuesday.
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Airline Profits Expected to Soar This Year
Posted: September 21st, 2010, 5:30am EDT by By NICOLA CLARK
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An industry body more than tripled its profit forecast for the world’s airlines to $8.9 billion this year, but said the cycle could be at its peak.
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Chief of EADS Voices Frustration About W.T.O.
Posted: July 18th, 2010, 1:39am EDT by By NICOLA CLARK
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“We are in an abnormal and increasingly unfair situation,” Louis Gallois, the chief of EADS, said of the bidding for a big Air Force contract.
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Business-Class Travel Roars Back From Recession
Posted: June 1st, 2010, 11:09pm EDT by By NICOLA CLARK
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High-end traffic, while still below pre-crisis levels, is recovering at a faster rate than the overall market as business confidence improves and world trade increases.
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EADS Profit Declines 39 Percent on A380 Burden
Posted: May 14th, 2010, 3:06pm EDT by By NICOLA CLARK
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Nearly four years after production problems with its Airbus A380 jet, its parent company said that the twin-deck superjumbo remained a “substantial” burden for the group.
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E.U. Will Let Air Travelers Carry Liquids in 3 Years
Posted: April 29th, 2010, 3:06pm EDT by By NICOLA CLARK
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The European Union plan would simplify screening procedures that have been a source of confusion and delay for millions.
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More Flights Canceled in Second Day of B.A. Strike
Posted: March 28th, 2010, 8:20am EDT by By NICOLA CLARK
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At least 134 British Airways flights scheduled to depart from Heathrow Airport near London on Sunday were canceled, about 40 percent of the total.
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Deutsche Telekom to Introduce Quota for Female Managers
Posted: March 15th, 2010, 1:11pm EDT by By NICOLA CLARK
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Europe’s largest telecommunications company said that it would more than double the number of its female managers within five years.
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Strike Is Set After Talks Fail at British Airways
Posted: March 12th, 2010, 10:59am EST by By NICOLA CLARK
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British Airways cabin crew are preparing to walk off the job for seven days later this month after talks with management broke down without an agreement.
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Airline Group Halves Forecast for Losses in 2010
Posted: March 11th, 2010, 6:42am EST by By NICOLA CLARK
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The International Air Transport Association predicted $2.8 billion in losses, down from the $5.6 billion predicted late last year.
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The Female Factor: Awareness Rises, but Women Still Lag in Pay
Posted: March 8th, 2010, 4:29am EST by By NICOLA CLARK
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Women at many of the world’s top companies continue to lag behind their male peers in pay and opportunities for professional advancement, a new report says.
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European Buyers of Airbus Plane Agree to Cover Its Cost Overruns
Posted: March 5th, 2010, 9:50pm EST by By NICOLA CLARK
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Seven European governments that signed on as customers will pay a 10 percent price increase that will allow the troubled project to continue.
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France’s Air Traffic Controllers Are Latest to Strike
Posted: February 24th, 2010, 12:55am EST by By NICOLA CLARK
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The walkout caused thousands of travelers to be stranded a day after a strike by Lufthansa pilots forced the cancellation of hundreds of flights in Germany.
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French Air Traffic Controllers Start 5-Day Strike
Posted: February 24th, 2010, 12:47am EST by By NICOLA CLARK
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The controllers are protesting European Union plans to integrate air traffic control systems under an initiative called the Single European Sky.
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Striking Lufthansa Pilots Agree to Suspend Walkout
Posted: February 22nd, 2010, 10:23pm EST by By NICOLA CLARK
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Lufthansa pilots agreed to temporarily return to work amid news of further strikes by French air traffic controllers and British Airways cabin crew.
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E.U. Under Pressure to Approve Alliance of British Airways and American Airlines
Posted: February 14th, 2010, 2:10pm EST by By NICOLA CLARK
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Approval by U.S. regulators of a deal to expand the alliance between British Airways and American Airlines puts fresh pressure on Europe’s new antitrust boss to follow suit.
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First Profit in Year for Airline in Britain
Posted: February 6th, 2010, 2:00am EST by By NICOLA CLARK
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Cost-cutting at British Airways helped the carrier to achieve its first quarterly operating profit in more than a year. But the airline is still expecting an annual loss.
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Airbus Issues Warning on Military Plane Project
Posted: January 12th, 2010, 6:42am EST by By NICOLA CLARK
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European governments may not reach a deal to shoulder several billion euros in additional development costs for the A400M project, hinting the plan could be dropped.
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British Airways Crews to Strike Before Christmas
Posted: December 14th, 2009, 11:00am EST by By NICOLA CLARK
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British Airways cabin crew voted Monday to push ahead with a walkout next week over job cuts and contract changes, threatening major disruptions to holiday travel.
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Airbus Military Plane Has Successful Flight, but Questions Remain
Posted: December 11th, 2009, 1:25pm EST by By NICOLA CLARK
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The seven governments backing the Airbus A400M transporter, which made its inaugural test flight, put off committing additional funds to the project for at least another month.
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Plans for Third Heathrow Runway Win Conditional Approval
Posted: December 9th, 2009, 1:00am EST by By NICOLA CLARK
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Britain's chief climate adviser said that the expansion would not necessarily keep the country from meeting its long-term commitments to lower carbon emissions.
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Hopes for Costly Plane Are Riding on a Test Flight
Posted: December 4th, 2009, 1:02am EST by By NICOLA CLARK
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Officials from several countries met in Berlin to reach a common negotiating position on how much more in development costs they would shoulder.
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British Airways to Cut Another 1,200 Jobs
Posted: November 6th, 2009, 11:12pm EST by By NICOLA CLARK
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The total number of planned staff reductions rises to nearly 5,000 as the British carrier wrestles with what its chief executive called the toughest year in the history of aviation.
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Airbus Loses Customer for Troop Transport Plane
Posted: November 6th, 2009, 12:50am EST by By NICOLA CLARK
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South Africa canceled a multibillion-dollar order for the Airbus A400M troop transport plane, dealing a painful blow to the program.
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Woes of Aircraft Leasing Companies Could Mean Higher Ticket Prices
Posted: October 6th, 2009, 6:55am EDT by By NICOLA CLARK
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Many of the world's biggest jet-leasing companies are sinking in debt, scrambling for cash, and are likely to see borrowing costs climb.
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Europe Has Antitrust Concerns in Airline Alliance
Posted: October 3rd, 2009, 1:10am EDT by By NICOLA CLARK
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A joint venture proposed by British Airways, American Airlines and Iberia is being investigated in the United States as well.
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American Seeks Support From Partner Airlines in Talks With JAL
Posted: September 19th, 2009, 12:44am EDT by By NICOLA CLARK
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American Airlines, which is in talks with Japan Airlines, is seeking support from its Oneworld alliance partners, hoping they will help sweeten its offer of fresh capital and closer commercial ties.
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Airbus Sees Healthy Long-Term Demand for New Planes
Posted: September 17th, 2009, 1:33pm EDT by By NICOLA CLARK
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The European aircraft maker predicted demand for new planes would remain healthy over the next 20 years due to steady air-traffic growth in the developing world.
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Losses Swell for the World’s Airlines, Trade Group Says
Posted: September 15th, 2009, 1:34pm EDT by BY NICOLA CLARK
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Despite signs of global recovery, rising fuel costs and weak travel demand are keeping airlines in “survival mode,” with losses now expected to swell to $11 billion by year’s end.
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U.S. and Europe Study W.T.O. Ruling on Airbus
Posted: September 4th, 2009, 2:29pm EDT by By NICOLA CLARK
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Both American and European Union officials declared victory after a confidential finding, which said Airbus received illegal subsidies, was given to trade agencies.
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W.T.O. to Weigh In on E.U. Subsidies for Airbus
Posted: September 3rd, 2009, 3:35am EDT by By NICOLA CLARK
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A dispute over claims that Europe and the United States subsidized aircraft makers became less important because planes are now built in several countries.
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SkyEurope, a Low-Cost Airline, Halts Operations
Posted: September 1st, 2009, 6:30am EDT by By NICOLA CLARK
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The Slovakia-based carrier had sought protection from creditors in June.
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JetBlue and Lufthansa to Form Ticket Partnership
Posted: August 31st, 2009, 12:30pm EDT by By NICOLA CLARK
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While deepening Lufthansa’s presence in the U.S. market, the “code-share” agreement would also allow JetBlue to market flights to European destinations for the first time.
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If Ryanair Bids for It Again, Aer Lingus May Be Tempted
Posted: August 28th, 2009, 1:48am EDT by By NICOLA CLARK
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The former Irish flag carrier reported deepening losses that could threaten its independence.
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Airlines Follow Passengers Onto Social Media Sites
Posted: July 29th, 2009, 5:09pm EDT by By NICOLA CLARK
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Airlines, like other businesses, are using Twitter and Facebook to forge deeper relationships with passengers.
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Hefty Fine Recommended for Former EADS Chief
Posted: July 29th, 2009, 2:37am EDT by By NICOLA CLARK
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The Financial Markets Authority recommended fines for seven executives, led by Noël Forgeard, but absolved the company's former co-chief, Thomas O. Enders, and 10 others.
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Britain Agrees to Reopen Talks Over Airbus A400M
Posted: July 24th, 2009, 6:49pm EDT by By NICOLA CLARK
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Britain agreed Friday to join six other European countries in renegotiating a contract for the much-delayed Airbus A400M troop transport.
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Spain Skips Airbus Talks, Raising Eyebrows
Posted: June 16th, 2009, 10:15pm EDT by By NICOLA CLARK
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Spain blamed a scheduling mishap, but some speculated that Madrid was sending a message to EADS.
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Boeing Executive Optimistic Amid Gloom at Paris Air Show
Posted: June 15th, 2009, 1:45pm EDT by By NICOLA CLARK
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The head of the company’s commercial jet division said that airline traffic could resume growing next year, but that risks remained in air freight.
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Airbus Warns Output Could Drop as Much as 25% in 2010 and 2011
Posted: June 15th, 2009, 6:37am EDT by By NICOLA CLARK
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Production slowdowns announced earlier this year may not be sufficient to meet the slide in demand from airlines, the chief executive of Airbus said.
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At Paris Air Show, Little Flash and Lots of Introspection
Posted: June 12th, 2009, 10:55am EDT by By NICOLA CLARK
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A record 2,000 exhibitors will be in attendance when the aviation industry's biggest gathering opens on Monday, but there will not be any major plane debuts and few big orders.
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Airbus Suffers Setback to Recovery Plans
Posted: May 7th, 2008, 7:57pm EDT by By NICOLA CLARK
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The airplane manufacturer said that tighter credit and the weakening dollar had forced it to break off talks with a second supplier over the sale of several European factories.
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Société Générale’s Rogue Trader Finds a New Job
Posted: April 26th, 2008, 12:38am EDT by By NICOLA CLARK
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Jérôme Kerviel, the Société Générale trader who used his knowledge of the bank’s electronic risk controls to conceal billions in unauthorized bets, has a new job — at a computer consulting firm. -
French Bank Replaces Chief After Rogue Trading Scandal
Posted: April 18th, 2008, 1:54am EDT by By NICOLA CLARK
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Société Générale said late Thursday that Daniel Bouton will be succeeded by Frédéric Oudea as a deputy chief executive. -
World Business Briefing | Europe: France: Chief of EADS Speaks Out
Posted: April 11th, 2008, 2:53am EDT by By NICOLA CLARK
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After months of nearly total silence, the chief executive of the EADSC has begun a counteroffensive against accusations of rampant insider trading. -
Document Details Insider Trading Claims at Airbus
Posted: April 9th, 2008, 1:53am EDT by By NICOLA CLARK
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A report by the French stock market watchdog that was leaked to a French news service provided details of the insider trading claims against executives at Airbus and EADS. -
For French Bank Chief, Questions From Lawmakers
Posted: April 8th, 2008, 11:56pm EDT by By NICOLA CLARK
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French legislators will question Société Générale’s leader about the state of banking regulation, and, most likely, about his bank’s recent trading scandal. -
Complaint Against Airbus Parent
Posted: April 1st, 2008, 11:33pm EDT by By NICOLA CLARK
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The French financial market regulator filed a complaint against European Aeronautic, Defense & Space in connection with an inquiry into allegations of market abuses. -
French Court Releases Rogue Trader
Posted: March 18th, 2008, 6:15am EDT by By NICOLA CLARK
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A French appeals court ruled that Jérôme Kerviel, the former trader Société Générale has blamed for billions in losses, should be released from jail while an investigation continues.
NYT > Home Page
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French Court Releases Rogue Trader
Posted: March 18th, 2008, 6:15am EDT by By NICOLA CLARK
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A French appeals court ruled that Jérôme Kerviel, the former trader Société Générale has blamed for billions in losses, should be released from jail while an investigation continues.
NYT > Business
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French Bank in Scandal Overhauls Top Ranks
Posted: March 18th, 2008, 2:12am EDT by By NICOLA CLARK
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Société Générale, the French bank hobbled by a trading loss of more than $7 billion, announced Monday that it was reorganizing its senior management team. -
Alitalia Takes Offer for Buyout
Posted: March 17th, 2008, 12:36am EDT by By NICOLA CLARK
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Alitalia, the money-losing Italian airline, accepted a 747 million-euro takeover offer from Air France-KLM on Sunday, seizing an 11th-hour financial lifeline. -
French Police Questioning Bank Worker
Posted: March 13th, 2008, 6:04am EDT by By NICOLA CLARK
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Authorities took a second employee at the French bank Société Générale into custody in connection with a $7 billion trading scandal.