BUZZ-Worry over A330 engine upgrade hits Airbus shares

Tue, 01st Jul 2014 08:39

** Airbus Group shares weaker Tuesday morning andthreatening to retest 2014 lows on concerns than an expectedengine upgrade may be pushed back.

** Les Echos reports board meeting planned for July 2 orJuly 3 and which was meant to approve the A330 NEO project maybe delayed.

** Last week Reuters reported Airbus was close to a decisionto upgrade its A330 with engines provided by Rolls-Royce.

** Airbus shares are down 13.6 percent so far this year.Analysts remain overwhelmingly upbeat with just 1 analyst (outof 29) with a "sell." http://link.reuters.com/bus32w

** 3 profit warnings in 3 weeks from European airlines hasput the sector under pressure and refocused investor attentionon aircraft order cancellations and deferrals.

** Short-sellers active in the sector.

** Qatar Airways could reconsider ordering Airbus aircraftif it could not obtain landing rights - or slots - at Europeanairports, its CEO told a German newspaper in an interview. (RM: vikram.subhedar.thomsonreuters.com@reuters.net)

Rolls-Royce