Airbus announces senior leadership changes

viernes, 17 de mayo de 2019



press release






  • Antoine Bouvier to become Head of Strategy, Mergers & Acquisitions and Public Affairs
  • Eric Béranger to succeed Antoine Bouvier as Chief Executive Officer of MBDA
  • Patrick de Castelbajac appointed Head of Region Asia-Pacific for Airbus

Amsterdam – Airbus SE (stock exchange symbol: AIR) has appointed Antoine Bouvier, 59, Head of Strategy, Mergers & Acquisitions and Public Affairs, effective 1 June 2019. In this position, he will report to Guillaume Faury, Chief Executive Officer (CEO) of Airbus.

At MBDA, Antoine Bouvier will be succeeded as CEO by Eric Béranger, 56, who has held a number of leadership positions in Airbus Defence and Space. His appointment will also become effective 1 June 2019. MBDA, a joint venture between Airbus (37.5%), BAE Systems PLC (37.5%) and Leonardo S.p.A. (25%), is Europe’s leading missile systems house.

Furthermore, Patrick de Castelbajac, 47, is appointed Head of Region Asia-Pacific for Airbus, effective 1 June 2019. In this capacity, he succeeds Jean-Marc Nasr who was recently appointed Executive Vice President Space Systems within Airbus Defence and Space. Patrick de Castelbajac is also named Head of Sales Asia-Pacific for the Company’s commercial aircraft business as of 1 July 2019. Patrick de Castelbajac will report to Christian Scherer, Chief Commercial Officer and Member of the Executive Committee at Airbus.

“Today’s senior leadership announcements are further important elements to shape the Company’s next chapter,” said Guillaume Faury, CEO of Airbus. “Antoine Bouvier has demonstrated his leadership at the helm of MBDA since 2007, firmly establishing it as Europe’s premier missile company. Antoine brings a rich experience in the Aerospace and Defence sector as well as a strategic vision in an international environment.”

“With Eric Béranger we have a renowned industry leader joining the MBDA Board of Directors to succeed Antoine. Eric is taking over as CEO of MBDA and I wish him all the success for this new professional challenge”, said Faury.

He added: “Patrick de Castelbajac will now be responsible for one of Airbus’ most strategic growth regions with Asia-Pacific. Patrick has demonstrated, at Airbus and at ATR, his strong business knowledge and proximity to our stakeholders – all assets which are needed to successfully advance our business in this dynamic part of the world.”

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Embraer earnings results 1st quarter 2019



press release




HIGHLIGHTS Embraer delivered 11 commercial jets and 11 executive jets (8 light / 3 large) in 1Q19; The Company’s firm order backlog at the end of 1Q19 was US$ 16 billion considering all deliveries as well as firm orders obtained during the period; EBIT and EBITDA in 1Q19 were US$ (15.2) million and US$ 30.9 million, respectively, yielding EBIT margin of -1.8% and EBITDA margin of 3.8%. This compares to EBIT of US$ (5.3) million (-0.6% EBIT margin) and EBITDA of US$ 57.8 million (6.0% EBITDA margin) in 1Q18; 1Q19 Net loss attributable to Embraer shareholders and Loss per ADS were US$ (42.5) million and US$ (0.23), respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 1Q19 was US$ (61.8) million, with Adjusted loss per ADS of US$ (0.34). Embraer reported adjusted net loss in 1Q18 of US$ (60.5) million, for an adjusted loss per ADS of US$ (0.33) in the quarter; Embraer reported Free cash flow of US$ (665.3) million in 1Q19, compared to free cash flow of US$ (435.2) million reported in 1Q18. The Company finished the quarter with total cash of US$ 2,483.4 million and total debt of US$ 3,587.1 million, yielding a net debt position of US$ 1,103.7 million versus net debt of US$ 439.9 million at the end of 2018; The Company’s shareholders approved the proposed strategic partnership between Boeing and Embraer during an Extraordinary General Shareholders’ Meeting on February 26, 2019. At the meeting, 96.8% of all valid votes were in favor of the transaction, with participation of roughly 67% of all outstanding shares; The closing of the transaction between Boeing and Embraer remains subject to obtaining regulatory approvals and the satisfaction of other customary closing conditions, expected by the end of 2019; The Company reaffirms all aspects of its 2019 financial and deliveries guidance. Learn more in the full report below: Download

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Bombardier’s Global 7500 Jet Demonstrates Unmatched Performance:Non-stop Mission from London City Airport to Los Angeles

press release

  • Bombardier’s Global 7500 Jet Demonstrates Unmatched Performance with Industry’s First Ever Non-stop Mission from London City Airport to Los Angeles Mission highlights Global 7500 jet’s outstanding short-field performance and steep approach capabilities, giving passengers direct access to one of the world’s greatest financial centres
  • Aircraft showcased its impressive field performance and low-speed versatility during takeoff from London City Airport
  • The multiple award-winning Global 7500 aircraft offers Bombardier’s signature smooth ride and a spaciousness that is unique among business jets

Bombardier today announced that its Global 7500 aircraft, the world’s largest and longest range business jet, has demonstrated its unmatched performance capabilities with the first ever flight from London City Airport to Los Angeles, CA.

The aircraft flew non-stop from London City Airport (LCY), one of the most notable airports requiring steep approach capabilities, to Van Nuys, CA, one of the most popular business aviation airports serving the Los Angeles area. The flight was carried out by a flight test vehicle (FTV5) called “The Masterpiece,” in London City to complete the Global 7500 aircraft’s steep approach certification flight test campaign for Transport Canada.

The Masterpiece was configured with the equivalent weight of a fully fitted interior, including a stateroom and shower, and 2,400 lbs of additional payload, representing about 11 passengers and their baggage.

As part of its steep approach certification flight test campaign, the aircraft also performed several takeoffs and landings at London City Airport to demonstrate this operational capability. With its tremendous performance and flexibility, the Global 7500 aircraft gives passengers direct access to any location in the U.S. from the airfield deep in the heart of one of the world’s greatest financial centres.

“The Global 7500 aircraft’s combination of unrivalled performance, exquisite cabin experience and size simply cannot be matched,” said Peter Likoray, Senior Vice President, Worldwide Sales and Marketing, Bombardier Business Aircraft. “This demonstration continues to cement the Global 7500 jet as the industry leader, showcasing once again to customers the real-world capabilities of this revolutionary aircraft that can deliver uncompromising value to customers under any conditions, at any time, without the need for tailwinds.”

“Welcoming the Bombardier Global 7500 aircraft to London City Airport for its flight test campaign is a crucial milestone towards certification and subsequent business jet operations at London’s most central airport,” said Gary Hodgetts, Director of Operations at London City Airport. “The flight completed by the Global 7500 FTV on May 11th is the longest flight ever out of London City and simply demonstrates the exceptional performance of the aircraft.”

The Global 7500 aircraft is the largest business jet with short-field performance and steep approach capabilities able to operate out of London City Airport and to connect any city in the continental U.S., Africa or the Middle East*. Its long-range performance can go even further traveling eastward, reaching most major cities in Asia.

This latest mission comes only weeks after the aircraft set back-to-back city-pair speed records for the fastest ever business jet flights between New York and London, and between Los Angeles and New York. Prior to that, the Global 7500 aircraft also completed an unprecedented long-range mission from Singapore to Tucson, Arizona, departing as planned during its busy world-tour schedule—without the need to linger at the airfield for days on end, waiting for exponentially stronger tailwinds, as some smaller aircraft do.

Winner of the 2019 Aviation Week Grand Laureate Award and a Red Dot award for design, the Global 7500 jet offers Bombardier’s signature smooth ride and a spaciousness that is unique among business jets. Featuring a full-size kitchen and four true living spaces, the Global 7500 aircraft sets the benchmark for the most exceptional cabin interior. The aircraft offers the most innovative features such as the recently unveiled Soleil lighting system, the industry’s most advanced cabin lighting technology. Designed and developed exclusively for the Global 7500 aircraft, the innovative Soleil lighting system is aviation’s first circadian rhythm-based cabin lighting technology fully integrated with the Flight Management System, and it introduces the revolutionary Dynamic Daylight Simulation feature, which can help combat jet lag. The Global 7500 business jet also offers the patented Nuage seat, meticulously designed for maximum comfort, which introduces an all-new, ergonomically-perfected deep recline position – unavailable on any other business aircraft.

About Bombardier

With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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Boeing Statement on 737 MAX Certification and Return to Service



press release




CICAGO, May 16, 2019 – Boeing has completed development of the updated software for the 737 MAX, along with associated simulator testing and the company’s engineering test flight. To date, Boeing has flown the 737 MAX with updated MCAS software for more than 360 hours on 207 flights.

Boeing is now providing additional information to address Federal Aviation Administration (FAA) requests that include detail on how pilots interact with the airplane controls and displays in different flight scenarios. Once the requests are addressed, Boeing will work with the FAA to schedule its certification test flight and submit final certification documentation.

“With safety as our clear priority, we have completed all of the engineering test flights for the software update and are preparing for the final certification flight,” said Boeing Chairman, President and Chief Executive Officer Dennis Muilenburg. “We’re committed to providing the FAA and global regulators all the information they need, and to getting it right. We’re making clear and steady progress and are confident that the 737 MAX with updated MCAS software will be one of the safest airplanes ever to fly. The accidents have only intensified our commitment to our values, including safety, quality and integrity, because we know lives depend on what we do.”

In addition, Boeing has developed enhanced training and education materials that are now being reviewed with the FAA, global regulators, and airline customers to support return-to-service and longer-term operations. This includes a series of regional customer conferences being conducted around the world.

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