Архив рубрики: Airbus A350-1000

Nokia Oyj

Nokia
Nokia

Nokia Unveils $68 Mobile Phones for Speedy Internet Access.
Nokia Oyj (NOK1V), the second-biggest maker of mobile phones, unveiled cheaper handsets today to meet consumer demand for fast connections to the Internet.

The Nokia 207 and 208 are candybar-shaped phones that let users connect to speedier third-generation networks, the company said in a statement. They come with Nokia’s Xpress Browser that compresses data and will include social applications such as WhatsApp, Facebook and Twitter. Both handsets will cost $68 and are expected to start shipping this quarter. The third model is a dual SIM version of the Nokia 208.

The company said the new models are its “most affordable 3G devices yet.” As Nokia strives to catch up with Apple Inc. and Samsung Electronics Co. in smartphones priced at more than $500, the Espoo, Finland-based company is also trying to boost sales of more basic handsets that sell for a fraction of the price, a category that accounts for most of its device business.

Nokia’s first-quarter sales slumped 20 percent as competition from Asian manufacturers of phones that run Google Inc.’s Android software hurt demand for the company’s cheaper models. Chief Executive Officer Stephen Elop said the decline in its mobile-phone business was primarily caused by competition and Nokia was preparing “aggressive moves” to respond. It unveiled new software to power its Asha mobile phones in May.
Cash Sources

Nokia’s shares fell 0.5 percent to 2.97 euros at 1:22 p.m. in Helsinki, paring the advance to 1.4 percent this year and valuing the company at 11.1 billion euros ($14.4 billion).

Of the 336 million handsets Nokia sold last year, only about 10 percent were smartphones. Basic models accounted for 31 percent of Nokia’s revenue, versus 18 percent for smartphones. Network equipment made up most of the balance.

Nokia reported April 18 that it sold about 11 million fewer mobile phones in the first quarter than analysts had projected, with basic phones plunging 21 percent to 55.8 million units. A failure to revive the low-end business would leave Nokia without an important source of cash to develop devices to challenge competitors.

The phonemaker this week said it plans to buy Siemens AG (SIE)’s share in the six-year Nokia Siemens Networks joint venture for 1.7 billion euros, giving it full access to the phone-equipment maker’s cashflow.

Nokia Siemens today won a contract worth at least $200 million to build a fourth-generation wireless system for Russia’s biggest mobile-phone company OAO Mobile TeleSystems.

Airbus A350-1000

Airbus A350-1000 Buoyed as Cathay Order Ends Drought.

Airbus SAS’s A350-1000 won a vote of confidence from Cathay Pacific Airways Ltd. (293), which added 26 of Airbus’s largest twin-engine aircraft to its fleet, supporting a jet that hasn’t gained a fresh order in four years. Cathay will convert 16 A350-900s on order into the larger variant, and buy an additional 10 A350-1000s, the companies said yesterday at the Farnborough air show. The A350-1000 has a list price of about $320 million.
Airbus pushed back entry into service of the A350-1000 by 18 months a year ago to add a more powerful engine. Airlines including Qatar Airways Ltd. have complained the aircraft still falls short of Airbus’s promise to deliver a plane that can outperform Boeing Co. (BA)’s bestselling 777 wide-body airliner.
Cathay’s purchase “confirms that when we do things right, we listen to the customers even if we’ve had to postpone a little bit the entry into service of this aircraft,” Airbus Chief Executive Officer Fabrice Bregier said at a press conference at the show. Bregier said he’s confident that Toulouse, France-based Airbus can deliver the jet to Cathay on time, even if the program remains “risky.”
Spirit Aerosystems Holdings Inc. (SPR) has delivered the center piece for the fuselage of the A350 static unit and another for the flight-test plane, said Jeff Turner, CEO of the Wichita, Kansas-based supplier. Spirit has also begun deliveries of A350 wing parts, he said.
The difficulties Airbus faced with the new wide-body design is typical in the industry, Turner said.
Usual Issues
“I don’t know of any new program that doesn’t have delays and issues,” Turner said in an interview at the air show south of London. “We’re still working very hard to work through the early issues that every program has.”
The A350-1000 has suffered a setback after Etihad canceled 13 jets, paring the Middle East carrier’s order book to 12 A350s. Hong Kong-based Cathay’s order upgrade brings the firm purchases of the A350-1000 to 78. The A350 program is powered only by Rolls-Royce Plc (RR/) Trent XWB engines.
Cathay Pacific shares rose as much as 2.7 percent in Hong Kong today before trading 1.6 percent higher at HK$12.92 as of 11:22 a.m. The stock has lost 3 percent this year, compared with the 5 percent advance in the city’s benchmark Hang Seng Index.,
Boeing’s new commercial-jet chief, Ray Conner, said on July 8 that he wants to confer with airlines about upgraded versions of the popular wide-body 777 and a new variant of the 787 Dreamliner before taking any new designs to the company’s board. Airbus’s stumbles with the A350-1000 have given Chicago-based Boeing some breathing room as it studies upgrades to its biggest twin-engine planes.
The mid-sized A350-900, the most popular variant, and the smaller A350-800 compete with Boeing’s Dreamliner, which entered commercial service in 2011 after a three-year delay. While the two smaller variants have built a broad order book, the A350-1000 has only won backing from five customers.
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