World and National News

In the wake of a decisive EU summit on the future of the euro area, the Paris market continues its march forward again on Friday, relieved by the solutions provided by the 17 member countries of the euro area to the Greek fire. Halfway through, the benchmark index in Paris advance frankly of 1.08% to 3857.94 points. Yesterday, the CAC 40 1.66% has already been awarded, going above the bar of 3800 points (3816.75 points), and welcoming the draft agreement the EU summit in Brussels which includes a longer the duration of loans in the euro area in need.The countries of the region have also yesterday on the table a new plan to help nearly 160 billion euros to save Greece and prevent contagion from the debt crisis, but at the risk of causing a default the country.

But market professionals united in the Association ISDA, the only decision maker of unlockable any insurance policies on debt Greek felt this morning that Greece is not in default. Faced with this decision, the advice of Fitch, who considers that Greece is "défauit restricted" does not undermine investor optimism.

These extraordinary measures were immediately relieved markets, notably in Paris or the Paris index had won more than 9% since the beginning of July.The agreement on debt relief, Greek, amounting to 350 billion euros at present, is still today applauded by investors, as well as the involvement of private banks in the device, even if the modalities of this participation to be defined.

On other European markets, the relief is essential. In London, the FTSE-100 was up 1.10% to 5964.57 points while in Frankfurt the DAX index itself to a more timid step forward from 0.64% in 7336 , 51 points.

Japanese support

The announcement Friday by Yoshihiko Noda of possible support from Japan also supports the upward trend this morning. The Japanese Finance Minister has in fact said on Friday that his country was ready to buy more bonds from the European Financial Stability (EFSF) if necessary.Japan has invested some 2.5 billion euros in the first three issues launched by the Fund since January 2011, to help Ireland and Portugal. The minister said Japan is ready to continue "at the same rate, if it can help stabilize the economies of the European Union."

The euro rises

This global expansion of the Greek fire, which had once benefited the euro yesterday, has not had any lasting effect on the foreign exchange market. At mid session on European markets, the euro was worth 1.4412 dollars, against 1.4417 dollars on Thursday night. In the wake of the announcement of the plan, the euro reached a peak Thursday at 1.4443 dollar. In terms of oil, oil prices start rising, supported by a European, but also by the announcement of the International Atomic Energy Agency (IEA), which has no plans to release a reserve again strategic.In morning trading, a barrel of "light sweet crude" took 28 cents to 99.41 dollars, after crossing at the meeting yesterday the 100 dollars. That of Brent North Sea took 23 cents to 117.74 dollars.

Macroeconomic side, some important indicators are expected on Friday. Orders to industry have increased more than expected, however, in May in the euro area, show the figures by Eurostat Friday. New orders rose 3.6% from one month to another in the 17 countries using the euro and 15.5% year on year. This morning, INSEE reported a sharp deterioration in the morale of French industry in July, the index fell from 110 to 105 a month.This announcement has not scared investors, the index remains above its long-term average (100 points), in which it had sunk in 2008 with the crisis do not exceed once again that the end of 2010 . Across the Atlantic, no major indicator is expected.

Bank stocks carry the greatest bull market

In the forefront of best performance, the banking sector is surrounded by this Friday, the day after the adoption of the European plan for Greece. Crédit Agricole (3.42% to 9.62 euros), Société Générale (2.24% to 39.08 euros) and BNP Paribas (2.43% to 50.11 euros) in net rise. Axa (1.56% to 14.64 euros) and Natixis (1.60% to 3.41 euros) are also well oriented.40 CAC Hors, Dexia wins 4.71%, to 2.15 euros.

The rating agency Standard and Poor's raised the rating a notch French TV group TF1 (0.99% to 12.80 euros), to BBB +, saying that despite the increase in sales shy , cost savings were being lead to greater profitability.

Accor (3.71% to 31.76 euros). The hotel group confirmed to be entered into exclusive negotiations with the catering giant Sodexo to give him the caterer Lenôtre. An enterprise value of € 75 million was used for the project.

Lafarge (2.11% to 40.58 euros). The French cement plaster will sell its operations in Australia in the group of German Knauf construction materials for 120 million euros. The operation, which will reduce its debt, expected to close before the end of the third quarter of 2011.

Sequana (-1.62% to 9.60 euros).The group announced half-year net income almost sixfold, to 35 million euros, against 6 million a year ago, and a turnover of 2 billion euros (+1.3% yoy pro forma), supported by higher selling prices last year. However, management has lowered its target EBITDA of "higher" to "close" to that of 2010.

Eurotunnel has published its interim results

Groupe Eurotunnel (-0.42% to 7.60 euros). The group has published interim accounts showing a net profit of 2 million euros over the first six months of the year against a loss a year earlier. Turnover increased 22% to 396 million euros. Management expects for 2011 an increase in EBITDA.

Air France-KLM (2.84% to 9.92 euros).The order of a hundred long-haul being prepared by the Franco-Dutch company will be shared equally between Airbus (EADS) and Boeing, La Tribune reported Friday. According to the newspaper, the board of directors of the Franco-Dutch company will review the draft July 27, before an announcement expected in September.

Schneider Electric (2.22% to 108.30 euros) announced a partnership with NVC Lighting, a small Chinese company which will take 9.2% of the capital, to strengthen in the Chinese cities of small size. Specialist solutions energy management also announced two acquisitions: that of certain assets in China Chongqing Enlin Electric, and of the Brazilian Steck, specializing in low voltage products.

France Telecom (1.40% to 14.47 euros).Orange has signed Thursday with Free (Iliad: + 1.46%, to 91.45 euros) an agreement to co-finance the fiber-optic networks to the Internet at very high speed, in about sixty cities located in sparsely populated areas and announced in active discussions with other operators.

Pierre & Vacances (stable at 58 euros). The group announced that its summer bookings for the quarter were ahead of last year on all its destinations, including the sea in France.

Bongrain said pressure on margins

Bongrain (1.29%, to 65 euros). The food group has reported an increase of 13.2% of its turnover in the first half, but warned that the sharp rise of raw materials created tensions on consumption and margins.

Somfy (-0.01 to 207.98 euros).The roller shutters specialist reported Thursday a turnover up 13.9% to 501.2 million in the first half, up 8.7% on a comparable basis. The strong demand in Germany and France ontéclipsé Asia the impact of the disaster in Japan, Europe and North and South that of British and Greek economic difficulties.

Vivalis (4.50% to 7.89 euros). The biopharmaceutical company, announced in the first half, a product of the ordinary activities of € 4.7 million, up 165%, and consolidated cash of 36.0 million at June 30, 2011.

Attackers threw their grappling hooks on globalization and trade well-oiled seizing between major economic powers. They are however only a few thousand around the world. Their method: ransom kidnapping of sailors and extracted the major world trade. They earn roughly a few hundred million dollars a year. But they cost between $ 7 and $ 12 billion into the global economy, according to the NGO Oceans Beyond piracy (OBP).

Nigeria rebel pirates, looters occasional Asian Seas … Of all the pirates around the globe, the Somalis are by far the most dangerous and costly. And for good reason, "with Kalashnikovs and rocket launchers rustic, they disrupt traffic in the Indian Ocean between Asia, the Middle East and Europe, representing 12% of world trade and 7% of flows hydrocarbons, "said Bertrand Monnet *, Professor of Risk Management at EDHEC criminals.In 2010, 238 million dollars in ransom was paid to the brigands of the sea in the Horn of Africa.

François Hollande line breaks with the Socialist Party in the reduction of debt. The Socialist candidate for the primary aims to reduce "from 2013" the public deficit to 3%, one year before the date fixed in the official program of the Socialist Party, he said in an interview in Le Monde. It aligns well on the commitment of the Fillon government towards its European partners.

"We must rebalance our public accounts of 2013," that is to say, that date back to 3% of gross domestic product (GDP), he said. "We can not let stand the public debt at the risk of the burden of our interests in the country's first budget, which alters our room for maneuver, he said. Debt is the enemy of the left and France. "The Socialist Party has set its program a path of debt reduction more slowly, with a deficit to 3% of GDP in 2014 alone.

François Hollande joins the current objectives of Bercy. The Ministry of Finance shall reduce the deficit to 6% at end 2011 to 4.6% in late 2012 to late 2013 and 3% to 2% in late 2014. With such a policy, public debt would start to decline, according to the Government in 2013. All with a 2% growth in 2011 and 2.5% in subsequent years (the latter assumption being as optimistic by many economists).

Baroin criticizes PS

The statement by the Socialist candidate for the primary came as the euro area, particularly the Italian debt has again been targeted by the markets this week. France is so far immune to the shocks, welcomed the Minister of Economy Baroin in an interview with Le Figaro Magazine published on Saturday.The new host has de Bercy on the other hand showed severe with the socialist project: "It is irresponsible with regard to the preservation of our growth to provide a fiscal impact of an increase of 50 billion euros of taxes."

François Hollande asserts that tax reform will be his first, especially via the same scale for labor income and capital, a merger of the income tax and the CSG and the elimination of tax loopholes. "The candidate who announces that there will be no extra effort beyond 2012 will be a president who perjure themselves," he said. He also reiterated that he wanted to return to retirement at age 60 and he would vote against the golden rule, which aims to set a limit to the deficit in the constitution.

The rating agency Fitch has warned France in late May: the reforms undertaken in recent years, such as pensions, "have improved the outlook for public finances." But "further efforts will be needed to reduce the deficit to 3% of GDP in 2013, as agreed," she adds. In addition, it would be welcome, according to Fitch, that Paris set in the constitution the principle of balance of public finances and reduce its "structural rigidities".

Holland criticized the European delay

The candidate Holland is very critical of the strategies of Paris and Berlin in the rescue of the euro area. "France and Germany are missing," he Assen."Nicolas Sarkozy and Angela Merkel bear a heavy responsibility in the divorce of the Franco-German because the euro zone can only work if there is a total concordance of views between the two countries that represent over 40% of its economic power. "

France and Germany are divided on how to share the burden of the second aid package to Greece with the banking sector. Which blocks the negotiations and feeds the nervous markets. A crisis meeting to be held on Thursday between the finance ministers of the euro area. But the plan should be finally adopted in September, at the next summit between the Heads of State and Government in Europe.

ALSO READ:

"Europe wants to stop the panic before the holidays

"Italy's definitely adopts austerity plan

Pressure mounts on the management of Air France-KLM. 144 MPs of all persuasions have signed the petition launched by Bernard Carayon, UMP deputy from the Tarn, to induce Air France Airbus in favor of a mégacommande long-haul aircraft. Monday, Pierre Lellouche, the Secretary of State for Foreign Trade, has announced its intention to meet with Pierre-Henri Gourgeon, the CEO of Air France-KLM to seek "clarification" on its intentions. The meeting should take place this afternoon.

For the government, bad foreign trade figures – which widened to over 7 billion euros in April – have sounded like a severe reprimand. Particularly for companies whose shareholder is the State. Air France-KLM, it holds that "15%" of capital.But Pierre Lellouche believes that the company can "pass the buck" in a state that has "greatly helped" the group "when he had problems with Brussels." A similar approach to reprimand respondent last week to PSA Peugeot Citroen, after the revelation of its possible plans to close two factories in France. PSA is not a public company, but it has benefited from state funds during the crisis.

Strategic choice

The political pressure put on Air France is the extent of the challenge: a mégacommande – the first made jointly by Air France and KLM – a hundred long-haul aircraft. The project is described as historic by the leaders of Air France-KLM themselves: it should be in the tens of billions of dollars. The verdict of the direction the company should have to fall shortly after the general meeting in early July.Now, executives of Air France-KLM believe that the announcement will probably be delayed for several weeks, "the time that the discussions become less passionate."

Internally, the political turn taken by the back hurts. Bernard Pedamon, the pilot representative on the board of directors of Air France said he was "surprised and discontented." "These are the strategic choices that can be for an airline. It is a commitment for another twenty years to respond to economic considerations, he says. Currently, we are witnessing the return of our old demons. The days when you could bring in managers office at the head of the company or impose choices of planes is a bygone era. "

Currently, the weight of the two aircraft manufacturers in the fleet of the company tricolor is not identical.On all its long-haul aircraft, Air France totals 63 Boeing against Airbus 35. The company has indeed bought many Boeing 777-300 at a time when Airbus had no exact equivalent. However, all of its medium-haul (or 153 units) are Airbus.

The controversy of recent days is all the more surprising that for several months, officials of the fleet of Air France have expressed their intention to mix Airbus A350 and Boeing 787. "The case studied by our teams for the purchase of these devices are not made on a corner table," says an executive of the company. "We are studying a number of criteria: the choice of engines, the maintenance cost, the impact on our maintenance activity …" considerations rather distant from the campaign themes.

Apple will remain the champion of Internet tablets, at least until 2015, according to research firm Gartner. Arrival a year before its competitors with the iPad, the company headed by Steve Jobs should retain 47% of the global market in 2015 and internet tablets. In four years, Apple would sell 138.5 million of its own shelves, using the solution to those of Google (113.5 million), Canada's Research in Motion (29.5 million), U.S. HP (8.9 million) and finally MeeGo Nokia and Intel (3 million).

Google's Android system should therefore take 39% market share in 2015 against 20% this year, according to Gartner estimates. Slower than a breakthrough in smart phones that Google is poised to dethrone Apple's iPhone.

In addition, two other new players will emerge.Internet tablets, in the minds of the next playbook, proposed by the Canadian manufacturer Research in Motion's Blackberry, should take the third place worldwide. "It will take time to create an economic model with applications and services to create a viable competitor to Apple and Android," warns Carolina Milanesi.

The operating system WebOS, acquired by HP for its future tablet PC and, finally, should climb to fourth in the world after the release of its first products expected in June.

The stakes are high. Because the tablets are the most dynamic products in the history of computing and telecommunications. The market will represent 294 million units in 2015 against 17 million in 2010.It took nearly thirty years and ten PC market to that of smartphones to reach volumes of comparable sales.

ALSO READ:

"The launch of the iPad 2 in France

"Touch Tablet: Google-cons attack

This is one of two options for reforming the taxation of inheritance: the ease with EWB scale transformed. The other option is its abolition and its replacement by a new tax. The option for relief was undoubtedly the preference of parliamentarians.

Nevertheless, ISF smaller version has some drawbacks. Certainly, it helps to remove the tax on capital 300 000 households had entered because of soaring real estate, a total of 550,000 taxpayers. How? By starting the tax to 1.3 million euros of assets, against 800 000 today.

"However, households with assets of between 1.3 and 1.4 million would pay, those, about 500 euros EWB more with the new system. And this without even taking into account the impact of the end of the shield, warning the entourage of Gilles Carrez, the rapporteur UMP budget to the Assembly.One reason: the new fee would apply from the first euro of assets, while the current scale is progressive, which means, among other things, that the charging begins only 800 000 euros. Indeed, this tax from 1 euro combined with the new scale would lead to increased ISF those whose heritage is from 1.3 to 1.4 million. And alone. But this is unfortunate because he missed penalizes households "moderately" rich and encourages them to cheat to pass under the 1 free credit score.3 million heritage.

Proposed adjustments

Therefore Bercy working to remove this bump EWB. "You can pass the threshold of entry to the TFR at 1.4 million, which would cost 100 to 200,000,000 to the State. Or reimburse these households the additional FSI, which underestimate the tax revenues under 40 million, "said Gilles Carrez's entourage.There remains one other category of households penalized by ISF lightened: the approximately 1,200 taxpayers in the last installment of ISF (over 16.8 million assets) activating the shield. "With the shield, the average tax rate of their assets was only 0.22%. With the new schedule and because of the end of the shield, it would rise to 0.5%, "says Gilles Carrez's entourage. An increase that does not seem to move Bercy.

"Overall, the tax rates of the new scale are so much lower (0.25 and 0.5% instead of 0.55% to 1.8%) that most taxpayers will see their bills go down even with the end of the shield, "says Valérie Harnois-Mussard, a lawyer with Fidal. In fact, for a wealth of 10 million, for example, the TFR would increase from 112 450 to 50 000 euros.

The European Commission on Wednesday urged France to change its fiscal aid schemes for investments in new housing for rental.

Amortization "Périssol (for homes purchased before August 1999), amortization" Besson (homes purchased between 1999 and 2003), amortization "Robien" (from 2003 through 2009) and amortization " Borloo New "(acquisitions between September 2006 and December 2009), are in the sights of Brussels.

Discriminatory

These devices enable owners of new homes for rental income to deduct their property depreciation calculated on the purchase price or construction cost, and therefore benefit from a tax reduction.They argued for several years the new housing market in France.

To qualify you must, however, that the acquired dwelling is located on French territory. A French taxpayer who invests in rental housing in another EU can not take advantage of accelerated depreciation, and consequently no such tax advantages, says the European Commission considers that these discriminatory devices Online payday loans.

Brussels "considers that these provisions are incompatible with the free movement of capital, a fundamental principle of the EU single market" because they "discourage resident taxpayers to invest in real estate located abroad."

A reasoned opinion was sent to France, the second stage of infringement proceedings.Paris now has two months to give a satisfactory reply, failing which the Commission may refer the Court of Justice.

(With AFP)

ALSO READ:

"Building permits rose 15% in 2010

"The new home sales continue to rise

"Invest in a rental housing energy efficient

After an early session in the red, the CAC 40 was finally closed above the 4,100 points mark. He finished his second session of the week up 0.33% at 4110.34.

On other European markets, the London Stock Exchange, the FTSE-100 finished down about 0.38% to 6037.08 points. The DAX 30 Frankfurt Stock Exchange ended in a very slight increase from 0.05% to 7400.04 points.

The macroeconomic news was particularly rich on Tuesday.

In France, INSEE released the first results of National Accounts Fourth quarter: French growth reached 0.3% in the fourth quarter, the low end of analysts' forecast.Over the full year 2010, GDP grew by 1.5%.

Growth across the euro area has also a little disappointed by remaining stable at 0.3% in the fourth quarter of 2010, bringing the total over the year to 1.7%, according to preliminary estimates released Tuesday by the 'EU statistics office Eurostat. This is slightly below expectations of analysts, who expected an average increase of Gross Domestic Product by 0.4% in the fourth quarter. The growth continued to slow notably in the first euro zone economy, Germany: its GDP grew only 0.4% in the fourth quarter after 0.7% in the third and even 2.2% in the second.

United States, the burst of macroeconomic indicators pointed to mixed results on the health of the economy across the Atlantic.Remember in particular: in January, import prices surged due to a further rise in energy costs. They rose 1.5%, almost almost twice the consensus forecast (0.8%).

The Empire State index measuring industrial activity in New York came out slightly below expectations, despite a faster rise in February. He climbed to 15.4 against 11.9 in January, its highest level since June, but 1inférieur the 15.5 expected by analysts.

For their part, U.S. retail sales began the year with great enthusiasm after the sharp increase in fourth quarter 2010. The 0.3% increase recorded between January and February is the lowest in seven months, and well below the 0.5% expected by analysts.

Finally, the United States has also attracted less net capital flows to long-term in December: 65.9 billion, after 85.1 billion in November.

On the currency markets, the euro lost ground against the dollar on Tuesday, buoyed by purchases on the cheap and German figures reassuring, despite persistent pressure from concerns about the fiscal health of the fragile countries of the euro area . Around 17:00 to Paris, the euro bought 1.3506 dollars against 1.3486 dollars late Monday, after falling in the day from Monday to 1.3428 dollars, the lowest since three weeks.

The successful support of Barclays Bank

Pending the publication of annual results Wednesday of Societe Generale and BNP Paribas on Thursday, the banking sector was positive, with very encouraging results from Barclays, which announced its earnings jumped 36%.Societe Generale and BNP Paribas rose 2.23% to 48.86 euros and 57.29 euros and Credit Agricole was awarded 1.61% to 11.66 euros.

Good results

On the corporate side, the ball of the publication of results continues.

EDF: -0.21% to 31.21 euros

EDF reported a 73.9% drop in net income in 2010 to 1.02 billion euros, due to provisions related to lower energy prices.However, the group expects an increase of 4% to 6% of its EBITDA in 2011.

Air Liquide: -0.57% to 95.63 euros

Air Liquide said Tuesday sales rose 12.6% for 2010, to 13.49 billion euros and net profit up 14% to $ 1.4 billion, as the announced Les Echos.

Danone: + 3.33% to 45.41 euros, the biggest increase CAC 40

The food group Danone announced Tuesday an increase in its net profit by 33.7% to 2.03 billion euros and its turnover to around 17.01 billion euros (+13.5%) thanks to strong growth in emerging countries.

Times of mergers and acquisitions

Sanofi-Aventis – 0.26%, to 49.80 euros

A merger agreement between Sanofi-Aventis and Genzyme should be signed soon, but the French laboratory should extend its offer a third time on U.S. biotech to stop the final price of the transaction. The deadline for the offer at midnight New York time, 6 hours Wednesday Paris time.

NYSE Euronext: + 2.08% to 28.46 euros

The official announcement of the merger between Deutsche Boerse and NYSE Euronext will speak this Tuesday.A hostile bid by the Chicago Stock Exchange is in preparation, according to various U.S. media.

Boursorama: -0.71% to 8.38 euros

Boursorama unsurprisingly announced on Tuesday a net profit of 7.6 million euros only for its fiscal 2010 due to an impairment on OnVista, the German Internet portal acquired in 2007.

EADS: 0.51% to 21.84 euros

The Pentagon announced Monday hoped to award the next month contract to replace the aircraft-refueling tankers to the U.S. Air Force, which should put an end to a drama that has lasted nearly a decade.EADS CEO Louis Welsh reiterated that Tom Enders, Airbus president should be his successor.

Ubisoft: -6.54% to 8.48 euros

Ubisoft has raised its forecast of sales for the current year after posting strong sales during the Christmas period, which is crucial for the video game industry.

Atari: -2.23% to 3.07 euros

Atari has announced a turnover in the first 9 months of the fiscal year 2010/2011 (April 1 to December 31, 2010) of 41.0 million euros, down 55.7% from the same period last year.

Axa: + 0.87% to 15.58 euros

AXA Asia Pacific, a subsidiary of AXA, being acquired by IMA, said Tuesday net profit down 11% for its last fiscal year.

Euro Disney: 17.68%, to 7.19 euros

The title of the theme park continues to soar, eight days after the publication of an increase of 8.5% of its quarterly revenue.

After market, M6 will publish its revenues and its annual results, Imerys and Euler Hermes annual results, and Mr. Bricolage and Europacorp their turnover respectively fourth and third quarters.

"The Super Bowl is so huge that I'll save it. But not to look at me, just for the commercials. " Pittsburgh defenseman, Ryan Clark, whose team will participate in the night from Sunday to Monday at the 45th edition of the championship game of American football, so do not believe that.

The average price of the famous thirty second commercials increased to three million (against $ 2.8 million last year). This year they will be released at the stadium in Dallas on screens of 49 meters long and 22 meters high. Sign of their return to form on a financial plan, automakers have bought spaces for this event – General Motors and Chevrolet, Kia or Volkswagen – to recover market share.Also note that Coca-Cola has used this year to a French actor Guy Lecluyse who played alongside Dany Boon in Welcome Home Roscoe Jenkins. The new slogan for Coca-Cola? "In a Divided World, Coke units. In other words: "In a divided world, the Coca-Cola together."

Fox withdraw a controversial advertising GoDaddy.com

But the Super Bowl is also an opportunity for lesser known companies gain more visibility. They follow the example of GoDaddy.com. Six years ago, when she was unknown, the company, which owns the domain names on the Internet caused a stir by broadcasting during the SuperBowl a parody of "failures clothing 'by Janet Jackson. Certainly, the publicity was so controversial that the U.S. network Fox had decided to withdraw its time slots after its initial release payday loans online.But since the spectators and viewers expect, each year, forward to the publicity given by the company. And most importantly, dissemination of parody of Janet Jackson had allowed the company to win in the first 48 hours five percentage points on average in the market for Internet domains. "It's not a gamble," said founder Bob Parsons of GoDaddy, if you know the benefits. "

And the opinion of the companies present on the canvas, they derive huge profits they broadcast commercials during the SuperBowl. "Every year it generates significant revenue for our business," said director of marketing for the Web site CareerBuilder Richard Castellini. Viewers see the advertisement, then head to the computer to view the uncensored version or to get the discounts offered, and eventually become customers.

The Super Bowl's most lucrative

This Sunday evening, more than 100 million people will watch the game before their television sets and nearly 105,000 spectators are expected in the stands in Dallas. The record of 103,985 set in 1980 supporters should be beaten. According to experts, this Super Bowl will be the most lucrative in history for the American Professional Football League (NFL): 170 million (131 million euros) in revenue on game tickets and $ 140 million ( 108 million euros) on merchandising. The thousands of visitors expected to spend even $ 202 million (149 million euros), according to PricewaterhouseCoopers.

"This is the contract of the year! It's the biggest 'deal' in the history of commercial aviation! This is the best way to start the A 320 NEO because it demonstrates that brings added value to airlines, "enthuses Louis Welsh, CEO of EADS, parent company of Airbus, the day after the announcement of the signing of a contract with the giant Indian low cost carrier Indigo. It has committed to buy 180 Airbus A 320, 150 Series NEO that is to say, re-engined medium-haul aircraft. An order over $ 16 billion in list prices.

This contract is very important for Airbus, said Louis Welsh. "The CEO of Indigo, who was the advisor to Air France for the construction of the 'hub' Roissy-Charles de Gaulle, is a world expert in the field of aeronautics. We are proud to have his confidence, "said the president.The launch of the A 320 NEO is "already a success" with this contract, "says Louis Welsh payday loans for self employed. The fact that this command also includes A 320 classic shows, the President observed that the two devices are complementary. "Our customers continue to have choice," insists Louis Welsh.

This first spectacular success of the A 320 NEO further demonstrates the adaptability of Airbus at a more competitive market with the announced arrival of Canadian and Chinese rivals, including the segment of medium-haul and take the lead in this market . By giving a boost to his bestseller the A 320, Airbus is also launching a challenge to Boeing, which has not yet decided to launch a version remotorisée or not from B 737.

ALSO READ:

"Airbus signed the biggest contract in history

"Airbus A320 promises a re-engined for 2016

"China is challenging Boeing and Airbus