Airbus Group To Cut 934 Jobs And Creat 230 New Jobs

European planemaker Airbus is to cut a net total of 934 jobs as part of a previously announced restructuring aimed at stripping out bureaucracy and simplifying its brand.

Airbus Group said it would be cutting 1,164 jobs while also creating around 230 positions in other areas – confirming details released earlier by a French trade union. The company added it was in “constructive” talks with trade union partners.

Trade unions had previously expressed fears about job cuts after Airbus Group outlined plans in September for an internal merger with its planemaking arm.

The restructuring is part of a plan to allow Airbus to move away from its complex corporate roots as it prepares for tougher expected competition.

Airbus added on Tuesday that the restructuring would also conclude the company’s moving of its headquarters from Paris and Munich to Toulouse in southern France.

“With these leaner structures, we will improve performance and teamwork across Airbus. Therefore, the integration will ultimately strengthen Airbus in its ability to ensure future competitiveness and to remain a global leader in the aerospace industry,” Airbus Group chief executive Tom Enders said in a statement.

Airbus shares were up 0.4 percent in mid-session trading. The stock is down around 3 percent since the start of 2016, roughly in line with a 2 percent decline on France’s benchmark CAC-40 index over the same period.

Airbus Celebrates Delivery Of 10,000th Plane

Airbus today celebrated the delivery of its 10,000th aircraft - an A350-900 for Singapore Airlines. The milestone event was marked by a special ceremony in Toulouse hosted by Airbus Group CEO Tom Enders and attended by Goh Choon Phong, CEO of Singapore Airlines.

The aircraft delivered today is the sixth A350-900 for Singapore Airlines, out of a total order for 67. Featuring a special “10,000th Airbus” logo, the aircraft will be used to launch the airline’s new non-stop services between Singapore and San Francisco later this month.

The 10,000th Airbus delivery comes as the manufacturer achieves its highest level of production ever and is on track to deliver at least 650 aircraft this year from its extensive product line. These range from 100 to over 600 seats and efficiently meet every airline requirement, from high frequency short haul operations to the world’s longest intercontinental flights.

“Since our earliest days innovation has been at the heart of everything we do at Airbus,” said Tom Enders, Airbus Group CEO. “This has seen us develop what is today the world’s most modern and comprehensive aircraft family. And with a strong emphasis on R&T, continuous innovation and product improvement, we will ensure that we remain ahead of the curve, delivering airlines the best our industry has to offer.”

“We are especially proud to celebrate this milestone with Singapore Airlines – one of our longest standing customers and a true partner. Today, the SIA Group operates aircraft from across our complete product line and with the highest levels of technical excellence. There is no better endorsement for our products and we thank the entire SIA Group for its ongoing confidence, partnership and support.”

“Singapore Airlines is honoured to be receiving the 10,000th aircraft that Airbus has delivered. Airbus aircraft have contributed greatly to Singapore Airlines’ successes over the decades, and we are proud to be sharing this important milestone with our longstanding and trusted partner,” said Goh Choon Phong, CEO of Singapore Airlines. “Today’s delivery shows just how far Airbus has come over the decades. On behalf of the staff and management of Singapore Airlines, I would like to congratulate Airbus for reaching this incredible milestone.”

Singapore Airlines placed its first order with Airbus in 1979 and over the years the carrier and its subsidiaries have ordered every successive model produced by the manufacturer. Today the mainline carrier operates the A330, A350 XWB and A380, while its regional subsidiaries Silkair and Tigerair fly aircraft from the single aisle A320 Family.

Airbus delivered its first aircraft, an A300B2, to Air France on 10 May 1974. Initially working exclusively in the widebody sector with the A300 and A310, the manufacturer moved into the single aisle market in the mid-1980s with the launch of the best-selling A320. Setting new standards in aircraft design, technologies introduced on the A320 were subsequently incorporated on the A330 and A340 in the early 1990s, marking the first time that single aisle and widebody aircraft benefitted from similar operational characteristics.

This high level of design commonality is unique to Airbus aircraft types and has been retained across the company’s product line ever since, including on the double deck A380 and the all-new long range A350 XWB which entered service last year.

Through the company’s process of continuous product improvement, the Airbus product line has been regularly enhanced over the years with each subsequent development bringing significant benefits in terms of fuel efficiency, operational reliability and passenger comfort. In recent years this has recently seen the company invest in the A320neo Family, which entered commercial service this year, and the A330neo Family, currently in development and with first delivery planned for the end of 2017.

Also under advanced stage of development is the second version of the all-new A350 XWB, the A350-1000, which is set for first flight before year end and first delivery in the second half of 2017. Together, the members of the A350 XWB Family are redefining long haul travel in the larger twin aisle market, consuming 25 per cent less fuel and bringing new levels of passenger comfort, with more personal space in all classes.

The current Airbus product line comprises a total of 16 models spread across four aircraft Families – the A320, A330, A350 XWB and A380.

Airbus has recorded over 16,700 orders for its various models and its aircraft are flying today with more than 400 airlines worldwide. The company’s backlog of 6,700 aircraft on order for future delivery is the highest ever recorded by any aircraft manufacturer and represents some 10 years of full production at current rates.

UNITED KINGDOM: Probe Into Airbus Sales

Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday.

A UK government agency this year suspended the issue of export credits to Airbus, citing discrepancies in declarations by the plane maker on the use of third-party intermediaries during jet sale negotiations.

The agency, UK Export Finance, had said it was referring the discrepancies to the SFO, which would decide whether to launch a criminal investigation.

"Airbus Group has been informed by the SFO that it has opened a criminal investigation into allegations of fraud, bribery and corruption in the civil aviation business of Airbus Group relating to irregularities concerning third party consultants," the company said in a statement.

"Airbus Group continues to cooperate with the SFO."

French and German agencies have also halted export credits to the plane maker, which support deliveries to airlines with limited access to commercial funds.

BRAZIL: Uber Starts Chopper Service In Brazil

Ride-hailing company Uber has begun providing helicopter rides in Brazil biggest city.

Uber's communications director in Brazil says that it's started a month-long trial of the Ubercopter service between airports, hotels and convention centres.

Fabio Sabba says the service is operating from five helipads and four hotels.

Uber has launched similar services in a few other markets.

Sabba says Ubercopter is a partnership with the Airbus Group and uses three helicopter operators in Sao Paulo.

He said prices range from US$17 ($24.30) to US$80 ($114.60) a seat.