British Air splits orders, with Airbus besting Boeing

Article Abstract:

British Airways awarded Airbus Industrie, the European aircraft consortium, a major contract worth $8.5 billion. It ordered as many as 188 short haul, single-aisle jets. The Aribus jets will have Rolls-Royce engines in them which insures most of the work will be done in Britain. The contract is a major set back for Boeing who British Airways has relied on as its supplier. The carrier did order 16 new Boeing 777-200 jets, with an option for 16 more, totalling $4.8 billion. It cancelled an order for 5 of 15 Boeing 747-400's, as well as options on 7 more.

Comment:

British Airways ordered 16 new Boeing 777-200 jets from Boeing

United States, Contracts & orders received, Company Planning/Goals, Guided Missile and Space Vehicle Manufacturing, Missiles, Space Vehicles & Parts, Aerospace industry, Boeing Co.

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British Air likely to buy Airbus planes

Article Abstract:

Airbus Industrie is expected to receive its first sales contract from British Airways, which is planning to purchase 259 medium-range single-aisle planes for $11 billion. British Airways, which is undergoing a massive reorganization of its European routes, also is expected to purchase a number of long-haul Boeing 777 jets. Industry analysts have said that the decision by British Airways to buy the planes from Airbus represents a major defeat for British Airlines' traditional supplier Boeing, which has been trying to sell an updated version of its 737.

Comment:

Will sell 259 medium-range single-aisle planes for $11 billion to British Airways

United Kingdom, New orders received

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Thomson Multimedia finds friends with deep pockets

Article Abstract:

Thomson Multimedia, which has earned its worldwide reputation for manufacturing color television sets, has agreed to sell a 7.5% interest in its company to each of four partners, Microsoft, DirecTV, NEC and Alcatel SA. The deal, the value of which will be announced later in the year, will allow Thomson to gain entry into the new field of digital television. Thomson, which has suffered big losses in recent years, had grown into the world's fourth-largest consumer electronics company by the mid-1980s.

Comment:

Has agreed to sell a 7.5% interest in its company to each of four partners, Microsoft, DirecTV, NEC and Alcatel SA

Asset sales & divestitures, Consumer Electronics, Audio and Video Equipment Manufacturing, Thomson S.A.

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