Boeing 747 and Airbus A380: The last giant jets in the sky

TA lot of onlookers were standing at Narita Airport near Tokyo when a huge airplane from Europe floated in for the first time in spring 2019, painted in a funny turtle design. When the Japanese All Nippon Airlines (ANA) offered its first scheduled flight with this jet shortly afterwards, it was sold out in no time. The airline called its new A380 “Flying Honu”, named after an endangered sea turtle in Hawaii. The fans stood upside down, had themselves photographed in front of the giant plane before the first flight with A380 models or with turtle actors in kitschy costumes.

The Airbus A380, the largest airliner in the world, has always sparked enthusiasm among passengers and airplane fans, since its first flight with paying guests in 2007 with Singapore Airlines. ANA was the last of 15 airlines to get their A380 – that was just over a year ago.

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This will be the commercial aircraft of the future

KLM and Delft University of Technology presented the first flight of the Flying-V, the energy efficient aircraft of the future. This first flight was of a scale prototype that showed how commercial aviation will change. A year and a half ago, the Delft University of Technology (TU Delft) and KLM had announced the start of the Flying-V project during the IATA 2019 meeting. After extensive tests in wind tunnel and on land, the model was finally ready. The first test flight was a success. A team of researchers, engineers and a drone pilot from TU Delft traveled to an air base in Germany for the first test flight. “We were very curious about the flying characteristics of the Flying-V. The design fits perfectly within our Fly Responsibly initiative, which represents everything we are doing and will continue to do to improve our sustainability. We want a sustainable future for aviation and innovation. is part of it. KLM has been among the three most sustainable airlines in the world in the Dow Jones Index for many years. We want to continue to have that role in the future. So we are very proud to have been able to achieve this together and in such a short time, “said Pieter Elbers, KLM President and CEO.

0903_klm

The Flying-V is a type of long-haul aircraft with great energy efficiency. The design of the aircraft integrates the passenger cabin, cargo hold and fuel tanks into the wings, creating a spectacular V-shape. Computer calculations predicted that improved aerodynamic shape and lower aircraft weight will reduce fuel consumption by 20% compared to today’s most advanced aircraft.

Collaboration and Innovation

KLM introduced the scale model for the first time during its 100th anniversary, in October 2019. Currently, Several partners are involved in the project, including the manufacturer Airbus. At that time they assured that the next step would be to fly the Flying-V with sustainable fuel..

Source: Aviacionline.


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Börse Express – IG Metall calls for the exclusion of operational dismissals at Airbus

IG Metall wants to work with the aircraft manufacturer Airbus Agree on the exclusion of redundancies for operational reasons and call on the company to engage in appropriate collective bargaining. “The management must work with IG Metall and works councils to build a bridge into the future that will secure jobs and locations in times of crisis,” said Daniel Friedrich, district manager of IG Metall coast, in Hamburg on Monday. He suggested, among other things, short-time work, a four-day week and reduced working hours as instruments against job cuts.

The union wants to emphasize its demands on Tuesday with a day of action at the Airbus locations. In Finkenwerder, for example, a car parade from the east gate to the south gate is planned in the morning (11 a.m.), in Bremen (from 5 a.m.) and Stade (from 11 a.m.) there will be a rally

More than 3000 jobs are to be cut at Airbus in the north. In Hamburg, including Buxtehude and Fuhlsbüttel, according to Airbus, there will be 2325 jobs, in Bremen 445, in Stade 365 and at other locations 40 jobs. The IG Metall coast speaks of higher numbers. Airbus had stated that the job cuts reflected the effects of the Corona crisis on activities at the German locations. According to the union, a good 14,600 people work in Hamburg-Finkenwerder and Fuhlsbüttel.

Airbus wants to cut 15,000 jobs worldwide due to the corona crisis. The plans are to be implemented by summer 2021. According to its own statements, Airbus has around 46,000 employees at almost 30 locations in Germany./cgl/DP/eas

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Börse Express – dpa-AFX overview: COMPANIES

Works council chief Osterloh: Volkswagen could reach the e-car target earlier

WOLFSBURG – The Volkswagen -Group could progress faster than planned in the construction of e-cars, said works council chief Bernd Osterloh in an interview with the “Welt am Sonntag”.

‘FAZ’: Philips starts selling household appliances business

FRANKFURT – The Dutch medical technology group Philips
gets serious about selling his home appliance business. The group had mandated the investment banks with Goldman Sachs and JPMorgan to kick off the division, writes the “Frankfurter Allgemeine Zeitung” (FAZ), citing a Philips spokesman.

Berkshire Hathaway sells package of Wells Fargo shares

NEW YORK – Warren Buffetts Holding Berkshire Hathaway
has her stake in Wells Fargo reduced. Berkshire has sold more than 100 million Wells Fargo shares, according to a mandatory announcement. At Friday’s closing price, the package would be worth just under $ 2.5 billion.

Siemens boss Kaeser: I don’t regret most of the tweets

MUNICH – Siemens – CEO Joe Kaeser stands by his tweets about political events. “I don’t regret most of my tweets. That doesn’t necessarily mean that I would do them again,” the 63-year-old told the Nürnberger Nachrichten (Saturday). “I think it’s important to position yourself on certain issues. But then you have to live with the consequences.” If one speaks out against racism, it is “quite capable of majority”. “But you have to be careful because certain groups of voters are also consumers. Now we don’t sell cars or trainers – that makes it easier.”

Roche receives US approval for Gavreto in lung cancer

BASEL (awp) – Roche Subsidiary Genentech has received US approval for the drug Gavreto (pralsetinib). This was given for treatment with the active ingredient in adults with a certain lung cancer, the company announced on Saturday night.

Parisian top minister Le Maire seeks hydrogen alliance with Berlin

PARIS – After the “Airbus der batterien “France is aiming for a multi-billion dollar cooperation with Germany in hydrogen technology. The powerful economics and finance minister Bruno Le Maire announced on Sunday on CNews that he would travel to Berlin this Friday (September 11th) for talks.

Hundreds of thousands called to flee typhoon in Japan

TOKYO – Fearing a massive typhoon, authorities in southern Japan have called on more than a million people to evacuate their homes and seek safety. As the Japanese television broadcaster NHK reported on Sunday, around 1.7 million people were asked to do so, 730,000 of them in the city of Kumamoto on the main southwestern island of Kyushu.

Technology fair IFA 2021 again fully planned

BERLIN – The Berlin technology fair IFA wants to start again at full speed next year. This was announced by Berlin Messe on Saturday at the end of the “IFA 2020 Special Edition”. The technology show, which was shortened to three days, was only open to trade visitors and accredited media representatives this year due to the corona pandemic. According to the exhibition company, 6,100 visitors came to the area under the radio tower. In the previous year, almost 250,000 people had visited the IFA. This year, 78,000 virtual visitors came to the trade fair online.

Electricity suppliers disagree on the subject of smart meters for everyone

BERLIN – The energy providers do not agree on whether they want to equip all households in Germany with an intelligent electricity meter. This was the result of a survey by the “Zeitung für kommunale Wirtschaft” (ZfK) among municipal utilities and municipalities. According to this, almost 40 percent of the almost 1,600 respondents said they should introduce Internet-connected meters across the board. Around 37 percent are in favor of using the devices called smart meters only in households with a high level of electricity consumption. The remaining 23 percent have not taken a position on this question, according to the magazine published by the VKU municipal utilities association.

Daimler sells fewer Mercedes-Benz cars to wholesalers in August

STUTTGART – The Daimler automotive group sold fewer Mercedes-Benz cars to wholesalers in August than in the same month last year. Sales fell by 7.4 percent to 168,710 vehicles, as the company announced on Friday in Stuttgart. The minus was thus greater than in the previous month, when two percent less was sold. In contrast, Vans’ wholesale sales rose by one percent to 29,145 units. However, Daimler also did significantly better here in July with a plus of 8.5 percent. The small Smart car was only sold 2817 times to wholesalers in August, a decrease of 61.4 percent.

Additional Reports

Customer note:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

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“The welfare state is running at full speed to cushion the economic shock”

Michel Rességuier is called to the management of companies in poor health. He considers that the role of the State is not to request the absence of redundancies in return for the aid measures granted but to help those who have lost their income to find another.

Why such a wave of job cuts during the summer, usually calmer on this front?

Economic activity does not stop during this period. A business cannot afford to wait if it has to make decisions to eliminate losses. To wait another month is not neutral. In addition, the dismissal procedure is very tight. The employee representatives and the departmental employment directorate must be consulted. Finally, when a company is placed in receivership, the redundancies must be implemented within twenty-one days.

What are the sectors most affected by these social plans?

We are faced with a triple phenomenon. First, that of certain activities which must completely reinvent themselves, such as distribution, including food. Then in the textile sector, the relationship with clothing has completely changed in recent years. Clothing is no longer a socio-professional benchmark. The codes exploded. The bosses are in jeans, the old people dress like the young. A brand must ask itself who it is for. Finally, there are the political choices for managing the health crisis. Restaurants, gyms, and nightclubs have suffered a massive halt to their activity due to confinement.

Read alsoSocial plans: employees are going straight into the hard

Is one category of businesses more affected than the others?

The most in difficulty are those which achieve a turnover of 20 to 200 million euros and have fewer than 500 employees. This is a French specificity. These medium-sized companies do not receive the same attention from the public authorities. A small business will be able to bounce back more easily. On the other hand, we will not let a company with 1,000 employees collapse, let alone Airbus.

Are not certain social plans nevertheless opportunistic?

I do not know any. A social plan is not an objective in itself. It is better to grow and hire; the atmosphere is better. Business leaders who hesitate and say to themselves now is the time, it must exist, but reducing jobs is not an easy operation. Those who leave find themselves in great difficulty and those who remain must take on the work of those who have left.

What can the state do to contain social plans?

The welfare state is running at full speed to cushion the economic shock and it will probably have a harder time recovering than Germany or Denmark. This is not a judgment, it is about political choices. Every crisis has a Darwinian effect. It precipitates changes which took place more gradually. There is now a subject of international politics which arises. It is not a question of blowing up the euro zone for lack of consultation on the level of support for the economy. The welfare state can cushion the shock, but not remove it.

Should the State ask for social guarantees and in particular the absence of redundancies in return for its support?

No, because the stake is not to fossilize the economic functioning of the nation. The consequence of a dismissal is that there is a person who loses his income. The role of the state is to allow the person who loses his income to find another.

Do social plans not help deprive businesses of the skills they will need when they take over?

It has to happen because the world doesn’t work perfectly. But in most cases the crisis only accelerates phenomena which would have taken place more gradually.

Isn’t the recent order which allows the owner of a company to buy it out in the commercial court after filing for bankruptcy dangerous?

I have mixed feelings about this provision. I know of cases where I am happy that this provision exists because the shareholders have supported their company and took the Covid crisis in the face and are ready to hand over money. And then I see cases where this provision is abused. I have seen this recently.

Will the start of the school year be even worse than the summer on the social front?

Rather, I expect problems in the middle of 2021. The results for fiscal 2020 and the first months of 2021 are likely to be bad and cause a wave of panic with many receiverships and shareholders who abandon their businesses.

Franck Bouaziz

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Air traffic collapses, Airbus dives into the red

The group lost 1.9 billion euros in the first half of the year, but its activity is holding up better than that of Boeing.

Airbus will have reduced its production rates by more than 40% in 2020.
Airbus will have reduced its production rates by more than 40% in 2020. Francois Mori / AP

The adage born in Quebec, where Airbus assembles A 220s, assures us: “When I look at myself, I feel sorry; when I compare myself, I console myself. ” In these times of Covid-19, it is suited to the European aeronautics giant, which, in a relative way, is proving more resistant than Boeing to the brutal paradigm shift in the commercial aviation market.

The two groups operate in the same markets, depressed for the first time in nearly twenty years by the impact of the pandemic on air traffic. They are fighting with the same drained airlines that are delaying or canceling their deliveries and orders. And they work with a widely shared global ecosystem of suppliers hit hard by the crisis. But Airbus and Boeing are not doing the same, as their half-year results show.

Certainly, they both blame the blow with a clear deterioration in their indicators. Boeing suffered a net loss of $ 3 billion

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Professionals and private investors absolutely want falling prices

Düsseldorf The German stock market ended its summer break prematurely after days with only slight price fluctuations. He closed 3.45 percent or 443 points on Thursday at 12,379 points. In the meantime, he had even quoted more than 500 meters below the previous day’s level.

The situation in the USA is even worse: The US economy suffered an unprecedented economic downturn in the corona crisis. Gross domestic product (GDP) declined by 32.9 percent over the year in the second quarter.

In addition, initial jobless claims remain high. The latest figure for the week up to and including July 25 is 1.434 million.

Investor sentiment shows one wrong world on the stock exchange, if you look at the longer price trend. The leading German index has risen by almost 60 percent since mid-March, which is actually a reason for the party mood among investors. But there is record-breaking pessimism.

This is shown by the current results of the investor survey by the Frankfurt Stock Exchange. This pessimism has never been so high since the beginning of the survey in early 2013. The institutional investors are now waiting for a significant decline in the German stock market barometer. Because they want to get out of their short speculations with as little loss as possible.

“In order to be profitable or to minimize book losses, the majority of the stock marketers we surveyed need preferably negative surprises and the associated drop in share prices, ”says behavioral economist Joachim Goldberg after evaluating the survey.

According to this survey, the first large purchases between 12,300 and 12,400 meters could be made. “A circumstance that should benefit the Dax at a lower level,” explained the former currency trader on Wednesday evening. Now the Dax has already reached this level.

There should also be stronger demand if prices should rise again. Because then the pessimists would have to release their short positions and run after the higher prices.

Two brands are in focus: firstly, the June high with 13,314 points and above that the record high with 13,795 points. If the Dax rises above its previous high, one or more short squeezes are quite possible – suddenly sudden price jumps.

“The sentiment environment remains favorable for the Dax,” says Goldberg. The same picture prevails in the USA: The proportion of bulls there is at its lowest level since 2016. If the stock exchange rules still apply that a bull market dies only in euphoria, the price gains should continue soon.

Important impulses for tomorrow’s trading are likely to come this evening after the market closes in the USA: On “Super Thursday”, the four tech heavyweights Amazon, Apple, Facebook and Google will publish the figures for the second quarter after the close of trading.

Two figures show what this means for the US stock exchanges and thus the financial markets: The total market capitalization of the four groups is around $ 4.8 trillion, which is 18 percent of the leading index S&P 500.

Look at the individual values

Volkswagen: The corporation will pay less dividends for 2019 than originally planned due to the corona crisis. In order to conserve their own cash register, only two more are to be distributed to shareholders instead of the approximately three billion euros announced in February. This was not well received by the shareholders, the share lost almost seven percent.

The corona crisis hit the VW Group hard. In the first half of the year, Volkswagen slipped into the loss zone in terms of operating profit. Minus 800 million euros are now on the books.

Airbus: According to analysts, the Boeing rival benefits from a lower cash outflow and lower restructuring costs than expected. The quarterly loss was also higher than predicted. The stocks listed in the MDax rose 1.9 percent.

Heidelberg Cement: Billions in depreciation have pushed the building materials company deep into the red. This has brought the share down by around six percent.

The bottom line was a loss of three billion euros in the second quarter. Heidelberg Cement had already written down 3.4 billion euros on the value of its investments in early July due to the deteriorating business prospects caused by the corona crisis and Brexit.

Fresenius: The enterprise has to correct its targets for the current year due to the corona crisis, which caused a minus of more than six percent in the share. In the second quarter, the consequences of the pandemic were fully reflected in the health care company’s business. As the clinic operator kept many beds free for corona patients and fewer other operations took place, the subsidiary Kabi, which specializes in liquid medicine, anesthetics and clinical nutrition, was slowed down.

Freenet: A positive analyst comment put the shares at the top of the MDax. The paper of the mobile phone provider increased more than five percent. The analysts at Berenberg Bank upgraded the title to “buy” from “hold” and raised the target price to 18 from 16.50 euros.

Comdirect: The turmoil on the financial markets caused by the corona crisis has filled the coffers of the Commerzbank subsidiary. Comdirect almost quadrupled its pre-tax profit. In the first six months of 2020, there were not only many trades, but also the largest increase in the number of customers within a half year in more than ten years. However, the titles lost 1.6 percent.

Siltronic: The chip supplier suffered from a weak outlook for the second half of the year. The Munich-based company sank by up to ten percent after the manufacturer of silicon wafers from which chips are punched announced a weaker second half of the year.

Look at other asset classes

The Turkish lira fell to a new record low against the euro. The new high is now at 8.259 lira. For comparison: At the time of the lira crisis in August 2018, the value was 8.21 lira.

The Turkish currency also fell further against the dollar. In early trading, the greenback rose above the seven lira mark, at close of trading it was just below the value of 6.98. The previous record low against the dollar had reached 7.269 lira on May 7 this year.

This slide may continue significantly in the coming days. From mid-June to the end of July, the dollar-lira exchange rate, without major volatility, was stuck in the region just above 6.85 – despite significant central bank rate cuts, high inflation and the resulting negative real interest rates, unchanged current account deficit and a generally poor economic outlook. The government wanted it to stay that way. Which means: Apparently the Turkish central bank intervened.

The so-called foreign exchange market interventions, according to calculations by bankers and analysts, have totaled around $ 110 billion since the beginning of last year, and have partially used up the central bank’s foreign exchange reserve buffer. In turn, the central bank’s gross foreign exchange reserves have decreased from $ 81 billion this year to $ 49 billion.

However, the situation eased somewhat in the short term because the Turkish central bank has raised its inflation forecast. The new forecast reduces the likelihood that the central bank will cut interest rates further. “This new restrictive development supports the lira at least slightly, even if it will not be able to reverse the current price development,” says Commerzbank currency analyst Tatha Ghose.

Ghose now expects Turkey to introduce or tighten various capital controls to prevent this slide, at least in the short term. With the risk that such measures can no longer contain the exchange rate movement, which in turn could lead to even more violent price jumps.

The weak US data also gave the euro a real boost. The common currency rose temporarily from $ 1.173 to $ 1.1844, the highest level since mid-June 2018. At the beginning of July, the euro had cost around $ 1.12 and in May was even at $ 1.07.

The price of gold at yesterday’s record was yesterday at 25 cents failed from $ 1980.56. After this attempt, the price per troy ounce (31.1 grams) slipped somewhat again on Thursday.

The Fed’s opinion does not hinder rising gold prices. She doesn’t even think about raising interest rates, according to chairman Jerome Powell. This illustrates how far interest rate hikes are away. “The Fed will therefore continue to be in demand as a fight against the crisis; nothing will change in the foreseeable future regarding ultra-relaxed monetary policy. This fact speaks for a further rise in the gold price, ”say Commerzbank’s commodity analysts.

As one of the drivers of the gold price, US bank Goldman Sachs has identified growing concerns among investors that the dollar may lose its leading role as a global reserve currency. Commodity expert Jeffrey Currie and his colleagues believe that gold is the last currency that is still valid when everyone else fails.

What the chart technique says

Obviously last Friday’s gap in the course stands in the way of the Dax. Such a downward price gap occurs when the previous day’s lowest level is above the highest price on the following trading day.

Specifically, the Dax dropped to 13,072 points last Thursday, the highest price on the following Friday was 12,935 points. A downward price gap of this type is considered resistance according to the chart technique. And this resistance was confirmed yesterday: The Dax started trying to close this gap, but the daily high was 12,936 points.

Should the gap be closed, the next resistance would be at 13,314 points. It has been the previous high since the Corona crash in mid-March, which was achieved on Tuesday last week. The Dax record mark from February of this year is already 481 points above the Corona high, when the leading index reached the highest level ever with 13,795 points.

Support on the bottom is provided by the average lines of the past 50 and 200 trading days, which are at 12,364 and 12,209 points.

In the opinion of the HSBC chart technicians, this area is predestined for a strategic stop-loss brand. In other words: Quotations in this area would also be an entry-level opportunity with a correspondingly good chance-risk ratio – especially since the current 200-week line is 12,105 points.

Here is the page with the Dax course, here are the current tops & flops in the Dax. Current short sales by investors can be found in our short sales database.

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Latest business figures in the 2020 news blog

Samsung with higher quarterly profit thanks to solid chip demand

Due to the robust demand for memory chips in the corona virus crisis and rising prices, the market leader Samsung has in the second quarter of 2020 earns significantly more money. Developments in the chip business helped the South Koreans absorb the negative effects of the pandemic on smartphone sales. In the third quarter, however, the sale of smartphones on the back of a “stronger product mix” and the introduction of new flagship models including a new foldable device should pick up again, the electronics company said on Thursday. Samsung is also the market leader in smartphones and televisions.

Of the excess reportedly rose 7.3 percent year over year 5.56 trillion won (just under 4 billion euros). At the sales Samsung recorded a 6 percent decline 52.97 trillion won.

The group has so far benefited from increasing Internet traffic in the Corona crisis. This has been driving the pandemic since the beginning Memory chip requirements for data centers and PCs on. Looking ahead to the third quarter, Samsung also spoke of uncertainties, such as the increasing inventory of server customers.

In the IT and mobile communication (smartphones) division, Samsung recorded a 20 percent drop in sales. However, it was said that efficient cost management, including the reduction in marketing costs, made a solid profit. Of the operating profit therefore amounted to 1.95 trillion won, after 1.56 trillion won in the same period last year.

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Large quarterly loss at Boeing – Aus announced for 747

Denver, Frankfurt Boeing chief David Calhoun attuned his employees to further, clear cuts. The Chicago-based company reported a quarterly loss of $ 2.4 billion and a 25 percent drop in sales to $ 11.8 billion. Both turned out even worse than expected in advance. The past quarter is the first for America’s corporations to be completely affected by the corona crisis, giving an insight into the difficult situation the pandemic has put the economy in.

Boeing announced plans to cut back or stop production for a number of models. In addition to the aftermath of the pandemic, the group is struggling with homemade problems related to the ban on the former best-seller 737 Max, which also has an impact on finances.

Now, among other things, the production of the Boeing 777 and the new edition 777X will be reduced from three to two planes per month next year. Production of the long-haul jet 787 “Dreamliner” will also be cut back, as will the 737 Max, whose production is only slowly starting up again.

Boeing also announced the long-awaited suspension of the now legendary 747 wide-body aircraft. The last jumbo jet is scheduled to be delivered in 2022, as long as the remaining orders take a long time to be processed. According to industry circles, Boeing recently ordered parts for new production from suppliers more than a year ago. The former largest passenger aircraft in the world has been built since 1969, most recently the 747 was ordered less and less for efficiency reasons and was often discarded from airlines. Calhoun justified the step with the current market development.

Only 20 machines delivered

The US aircraft manufacturer had previously announced that it would cut ten percent of its 160,000 jobs worldwide. But given the company’s severe crisis, that would not be enough, Calhoun announced in a letter to his employees on Wednesday. He left details open. According to analysts, the quarterly figures suggest another ten thousand job cuts.

Air traffic has collapsed since the pandemic began in early March. Due to the poor crisis management of the US government, the virus spreads almost uncontrollably in many parts of the country, the economic recovery is therefore slow to come. The airlines actually wanted to expand their flight plans again in the summer. Instead, mass layoffs have been announced for autumn. Until then, they have to keep jobs – that was an important condition that the US government had tied to its billions in government aid.

Boeing chief Calhoun assumes that it will take about three years before passenger numbers reach the level of 2019 again. This makes it more optimistic than the industry association IATA, which does not expect air traffic to normalize until 2024. The airlines therefore do not need new machines.

At Boeing, as with its European competitor Airbus, aircraft that have already been ordered and produced are therefore not collected. Boeing delivered only 20 aircraft in the second quarter, the least since 1977. A year ago there were 90.

That drains Boeing’s cash reserves and its suppliers. Customers typically pay more than half the purchase price when they pick up the plane. “We get calls every day from customers who want to postpone deliveries,” Calhoun told CNCB.

To secure liquidity, Boeing had already suspended dividends and share buybacks, cut costs, and stocked $ 25 billion in bonds on the capital market. This was only possible thanks to the support from the US Federal Reserve, which had cleared blockages on the capital market in March. According to Calhoun, the buffer should be enough to get through the crisis.

Progress at 737 max

The Boeing boss, who has been in office since January, was optimistic with regard to the approval of the 737 Max. After two crashes due to design errors, the former bestseller has not been allowed to take off since March 2019. The US aeronautical regulator FAA has recently completed the flight tests, the evaluation of the data is ongoing. The authorities of other countries are also working on a new registration of the aircraft.
However, many buyers have withdrawn from their contracts or plan to do so. In the first half of 2020 alone, a total of 355 737 Max orders were canceled.

The aircraft manufacturer’s defense division could receive support from the US government in the coming months. The congress is negotiating another billion dollar aid package for the economy. The republican-led Senate’s draft also envisages $ 8 billion for arms suppliers – alongside Boeing, Lockheed Martin and General Dynamics could also benefit. Boeing shares lost almost 50 percent of their value this year, but have recovered significantly from the lows in March.

More: Airplane for sale – Airlines want to get rid of passenger aircraft.

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Billions for the nuclear war (daily newspaper young world)

© Bundeswehr / Rott / Reuters / Montage jW

New equipment is needed: The federal government does not want to do without the possibility of killing millions in one fell swoop

To date, the federal government has remained silent on the exact costs. But the planned purchase of a few dozen fighter jets from US production solely for the purpose of replacing German »Tornado« planes as carrier systems from US atomic bombs is likely to cost the federal government around eight billion euros. This emerges from a current calculation commissioned by the environmental organization Greenpeace, such as the Southgerman newspaper (SZ) reported on Wednesday. Accordingly, the authors of the calculation, Otfried Nassauer from the Berlin “Information Center for Transatlantic Security” and the former Air Force officer Ulrich Scholz, come at a cost “between 7.67 and 8.77 billion euros”. For comparison: This year, around seven billion euros are earmarked for “military procurement” in the federal budget, and around 7.3 billion euros for parental allowance.

According to the Federal Ministry of Defense, headed by Annegret Kramp-Karrenbauer (CDU), a total of 45 »F-18« fighter jets are to be bought from the US armaments company Boeing. 93 machines of the type “Eurofighter” or “Typhoon” are also to be purchased from the European armaments manufacturer Airbus. The reason: The »Tornado« combat machines currently used by the Bundeswehr are to be completely replaced by 2030 (see jW from May 15th). For this, the planned purchase of “F-18” machines is a “bridge solution for nuclear participation and airborne electronic combat,” said a spokesman for the Defense Ministry on Wednesday jW– request with.

Information on the specific budget is “not yet possible due to the consultation process that has just started,” said the spokesman. The project would be “further developed” depending on the pending decision of the Bundestag. The cost calculation commissioned by Greenpeace is loud SZ the purchase of several “F-18” fighter jets by the Australian Air Force in 2007 as a basis. In conversation with jW Tobias Pflüger (Die Linke), chairman of the Defense Committee of the Bundestag, said on Wednesday that the costs calculated on behalf of Greenpeace were realistic, rather conservative. The SPD even advocated the purchase of the “F-35” type camouflage hunter. According to Pflüger, this would lead to even greater expenses.

Against the background of these procurement plans for the German Armed Forces, the European Airbus group had announced the destruction of almost 2,400 jobs for its armaments division by the end of 2022, of which 829 in the FRG, like the news agency Reuters reported on April 21. The idea of ​​not completely replacing the German »Tornado« fleet with machines from European production had already brought representatives of the French defense industry on the scene when it became known. The government in Paris, aircraft manufacturers Dassault and Airbus fear that the billion-dollar German-French armaments project “Future Combat Air System” (such as the future air combat system), such as the The New Zurich Times (Online edition) reported on March 13, 2019. The project had therefore started to replace the »Mirage« and »Eurofighter« fighter jets within two to three decades. For this, the previous competitors Airbus and Dassault should cooperate.

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