VoltAero takes off for a Tour de France in an electric plane

The French start-up has developed a range of small hybrid devices for regional connections.

The plane of the French start-up VoltAero.
The plane of the French start-up VoltAero. VoltAero

Meet the need for regional air transport, by opening up areas that are little or poorly served by train or regular airlines. It is the initial idea that gave birth, in 2017, to the French start-up VoltAero. At its head, Jean Botti, former head of innovation at Airbus, who has imagined a family of small, silent and clean planes with a hybrid electric propulsion mode, which can also fly with biofuels and hydrogen. Called Cassio, this family has three models, of which the two smallest, with 4 and 6 passengers, have already flown. The third version, of 10 passengers, the most complex to implement, is due for its maiden flight in September.

If all goes well, this flight will kick off a Tour de France in seven stages, which will see the aircraft reach several regions, from Vannes to Le Havre, via Tours, Toussus-le-Noble, Dijon , Annecy, Aix, Angoulême and Toulouse. As it travels, the plane will land on the

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Airbus cuts production dramatically and warns of layoffs NOW

Airbus is downgrading projected production and delivery of aircraft for 2020 and 2021 by approximately 40 percent. Jobs must also disappear due to the decreased travel demand, CEO Guillaume Faury warns Monday in an interview with the German newspaper The world.

Until now, the aircraft manufacturer officially came up with estimates of a third production shrinkage.

The company needs to restructure in order to adapt to the situation that arose after the global corona outbreak and the measures taken against it. Airbus will not return to pre-crisis levels until 2025, says Faury.

Industry sources predict that due to the shrinkage of production, a round of layoffs must occur in which between fourteen thousand and twenty thousand jobs will be lost. Unions think Airbus will announce initial plans on Wednesday at an emergency meeting. The company itself has not yet released any information about this.

The CEO calls layoffs inevitable. “It is a necessary adjustment to the massive drop in production. It is about securing our future.”

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a support plan of 15 billion euros for the sector

Hit by the economic crisis due to the coronavirus, the sector called for significant support from the State. This is done : the French government unveiled on 8 June a comprehensive plan for the aeronautics industry representative “a total effort of 15 billion euros of the nation “, of which 1.5 billion is spent on research to “an aircraft carbon neutral “ in 2035.

“We decree the state of emergency to save our aviation industry to allow it to be more competitive”. and “more carbon “ in producing the“green aircraft “ tomorrow, said the minister of economy, Bruno Le Maire, during a press conference at Bercy.

→ TO READ. The aviation sector is adventure in the sky unknown

Approximately € 1.5 billion of public funding will be spent in the next three years for research and development in order to “send a plane to be carbon-neutral by 2035 “, announced by the minister.

Prepare the next generation of aircraft and helicopters

While nearly one-third of the 35 000 jobs dedicated to R & D in the aerospace industry are challenged by the difficulties of the sector, the objective is to prepare the next generation of commercial aircraft, helicopters and business aircraft with new propulsion modes that emit less CO2, such as hydrogen engines and “very high dilution rates “.

“It is an acceleration of 10 years compared to the initial objectives of the sector. This will enable us to set new global standards of the aircraft in low carbon “, considered the minister of the ecological transition, Elizabeth Terminal.

In order to“to accelerate the transformation of SMES and size of intermediaries “, the State and the industrialists of aeronautics have also agreed to create an investment fund with 500 million euros as early as this summer, and at the end of a billion euros.

→ TO READ. The government flies to the rescue of the aerospace industry

The State, through the public bank Bpifrance, “bring 200 million euros, the industrial (Airbus, Safran, Dassault Aviation and Thales) 200 million euros also, at least 100 million will be provided by the fund manager, which will be selected by tender “, said Bruno Le Maire. These 500 million euros “will lift one billion to term “, a-he said.

In addition, another fund of assistance for the modernization of the production tool, and in particular the digitization and automation of the SMES and institutions of intermediate size, with 300 million euros of public spending direct over three years, has been created, he also announced.

Pre-order of military machines

Finally, the ministry of the armed forces will anticipate from this year, the orders of military aircraft to the tune of 600 million euros, or approximately 5% of its capital budget, announced minister Florence Parly.

These controls relate in particular to three Airbus A330 aircraft that will eventually be transformed into tanker aircraft (A330 MRTT), 8 helicopters of maneuver Caracal, a light aircraft, surveillance and intelligence and drones for the navy.

Two hundred million euros will also be spent by the interior in the purchase of aircraft for the gendarmerie and civil security, while the budget of the fund in SMES in the defense industry, appointed Definvest, will be increased from 50 to 100 million euros for the next five years.

300 000 direct and indirect jobs in France

The aviation sector represents 300 000 direct and indirect jobs in France. “If we had not intervened immediately, it is one-third of the jobs in the industry that would have disappeared “, says Bruno Le Maire, calling the industrial “do everything to avoid the departures forced “.

Alone, the airline Air France has received seven billion euros in aid from the State in the form of direct loans or bank loans guaranteed by the public authorities, a sum included in the $ 15 billion plan.

This should in particular enable him to concretize the order of 60 Airbus A220 and 38 widebody A350 as it was planned. But this plan of assistance has not deterred the management of the company to consider a voluntary departure.

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Boeing gives up planned billions takeover in Brazil

Embraer

The Brazilian company wanted to sell its jet division.


(Photo: Reuters)

After years of preparations, the US aircraft manufacturer has canceled a major takeover in Brazil. Boeing had 80 percent of the Jet division of in a $ 4.2 billion transaction Embraer want to take over the German-French competitor airbus Attack up to 150 seats even on medium-sized aircraft.

However, Boeing announced on Saturday that Embraer had failed to meet certain contractual terms within the agreed deadline. Therefore, end the transaction. The Brazilian aviation group Embraer, who had previously described the deal as vital, initially did not want to comment.

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industrialists want a recovery

Very affected by the Covid-19 crisis, aeronautics, military naval and land armaments asked to be part of the recovery plans in France and in Europe.

Éric Trappier (here in September 2019), president of Gifas and CEO of Dassault Aviation *, builder of the Rafale fighter plane.
Éric Trappier (here in September 2019), president of Gifas and CEO of Dassault Aviation *, builder of the Rafale fighter plane. ERIC PIERMONT / AFP

All lined up to lead the charge. The presidents of the employers’ organizations of aeronautics, naval navy and land armament plead with one voice so that the defense industry is part of the recovery plans in France, but also in Europe. “It is absolutely fundamental”, they said during a hearing before the defense committee of the National Assembly.

The objective is to preserve the Defense Industrial and Technological Base (BITD) with its tens of thousands of highly qualified jobs, distributed throughout the territory and along the coast. Alone, the 400 aeronautical companies members of the Grouping of French aeronautical and space industries (Gifas) employ 200,000 people. The naval sector employs 40,000 people and those working on land, 20,000. Without forgetting the employees of thousands of SMEs and VSEs, including many technological nuggets.

It is also about ensuring the armies, oversold inside

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Photo 1: Chronicles of a long-awaited return home: Hondurans leave Florida after 37 days stranded by COVID-19

Airbus A321 took off from Fort Lauderdale International Airport, 40 kilometers north of Miami, bound for San Pedro Sula.

A special flight by the Spirit company took 150 Hondurans back to their country this Saturday, surprised by the closure of the borders by COVID-19 while visiting the United States. and they were stranded for weeks.

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Dax closes more than three percent in the plus

Dax curve

View of the Dax curve in the Frankfurt trading hall.


(Photo: dpa)

Dusseldorf The German stock market is going into the weekend with price gains. The leading index Dax closed around 3.2 percent in Frankfurt at 10,625 points. However, because the Dax slumped by almost four percent on Wednesday, the leading index hardly moved up compared to the previous week.

The stock market barometer probably received an additional boost from today’s small expiry date. Reach on a small expiry day Options on stocks and indices their end date, options on indices are settled at noon. That is why investors are trying to drive prices in one direction so that they can make higher profits or smaller losses with their options.

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Encouraging news supports US stock markets – Dow closes in plus

Dusseldorf The prospect of an end to the economic coma to combat the corona virus gives US investors hope at the end of the week. The aircraft manufacturer’s announcement BoeingStarting production again and President Donald Trump’s plans to gradually start the economy aroused the buying mood.

The Dow Jones gained 3.0 percent to 24,242 points. The technology-heavy Nasdaq advanced 1.4 percent to 8,650 jobs and the broad S&P 500 rose 2.7 percent to 2,875 points. Over the course of the week, the Dow rose 2.2 percent, the S&P by three and the Nasdaq 6.1 percent. Had in Europe the Dax previously 3.1 percent and the EuroStoxx50 2.4 percent.

“The news of a possible remedy on the same day that Trump presented its opening plans gave investors reason to be optimistic that something like normal will return sometime soon,” said Joshua Mahony, market analyst at broker house IG.

US President Donald Trump presented his exit strategy from the corona crisis on Thursday. The White House plan provides for specific parameters according to which individual states can gradually loosen their restrictions. Germany would also benefit from a plan with clearly defined milestones, comments Handelsblatt author Christian Rickens.

Hope for corona drug

The biggest issue on the markets today, however, was hope for one Corona drugthat the US pharmaceutical company Gilead is currently testing. In a study by the University Clinic in Chicago, remdesivir, which was originally developed against Ebola, led to a rapid reduction in fever and a reduction in the symptoms of the lung disease, so that almost all patients could be discharged in less than a week.

At the end of the month, the group plans to present more comprehensive results from its phase 3 study. It was still too early to draw general conclusions from the success of the treatment. The pharmaceutical company’s papers grew by around eight percent.

However, they act as mood dampers Economic data from China: Economic growth there shrank by 6.8 percent in the first quarter of 2020 compared to the same period in the previous year. Even if China is slowly starting up its economy again after the pandemic, the country will probably not be able to lead the rest of the world economy to recovery, China correspondent Dana Heide analyzes.

The US oil prices broke in on Friday. The price of the US variety WTI temporarily lost almost twelve percent to $ 17.50 a barrel and was thus as low as it was last more than 18 years ago. US inventories were rapidly filling as refineries demand less and less crude oil, says Bjornar Tonhaugen, head of the oil business at Rystad brokerage. Nothing will change for the time being despite the planned relaxation of the virus restrictions.

Focus on individual values

Gilead: The new hope for corona therapy rose on Friday: the shares closed 9.7 percent higher.

Boeing: After a drop of eight percent on Thursday, Boeing papers were also among the winners on Friday. They gained 14.7 percent. Of the airbus-Rivale announced that it would start production again next week.

Titles like were on the sales list Amazon, Netflix or Blue apron with a minus of up to 3.7 percent: The online retailer, the streaming service and the cookbox provider had recently benefited from the exit restrictions. The prospect of easing now moved investors to take profits. Amazon and Netflix both climbed to an all-time high on Thursday.

Apple: Apple was one of the losers with a drop of almost 1.4 percent. The iPhone manufacturer’s share was downgraded by Goldman Sachs analysts from “neutral” to “sell”. The group is likely to suffer primarily from the lower demand for iPhones. The stock loses more than two percent.

With agency material.

More: Here you can find out how the German stock market developed on Friday.

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Dax closes more than three percent in plus

Dax curve

View of the Dax curve in the Frankfurt trading hall.


(Photo: dpa)

Dusseldorf The German stock market was up around 3.2 percent at 10,625 points at the close of the stock exchange and is thus going into the weekend with price gains. However, because the Dax plummeted by almost four percent on Wednesday, the leading index barely moved up compared to last week.

The stock market barometer probably received an additional boost from today’s small expiry date. Reach on a small expiry day Options on stocks and indices their end date, options on indices are settled at noon. That is why investors are trying to drive prices in one direction so that they can make higher profits or smaller losses with their options.

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Hope for corona drugs spurs the Dax

Dusseldorf The German stock market apparently wants to start the weekend with price gains. Listed in morning trading the Dax three percent in plus at 10,613 points. All 30 values ​​are in the plus.

The topic on the stock exchange: A drug from the US pharmaceutical company Gilead Science reports success in treating Covid 19 patients, according to a media report.

The shares of the pharmaceutical company have already increased by 16 percent in after-hours trading in the US. Paper is also clearly on the German market. The share gains almost 20 percent on the Xetra trading platform.

In a study by the University Clinic in Chicago, remdesivir, which was originally developed against Ebola, led to a rapid reduction in fever and a reduction in the symptoms of the lung disease, so that almost all patients could be discharged in less than a week.

Gilead said the data still had to be analyzed to draw conclusions. The pharmaceutical company expects to be able to announce the first results from the ongoing phase 3 study at the end of the month.

It also has the White House presented clear criteria for exiting the corona restrictions. Such a concept would also be good for Germany, comments Handelsblatt author Christian Rickens.

In contrast, the figures from China stand. Because the economic growth there is in the first quarter shrunk by 6.8 percent compared to the same period in the previous year. For the first time since the official announcement of the quarterly figures in 1992, negative growth in China. The decline is even worse than expected by observers who had forecast 6.5 percent.

But this number is a lagging indicatorwhile stock marketers look ahead. And the future looks different: In the meantime, China has lifted travel restrictions again, and the economic recovery is ongoing. So China will soon be the growth engine of the global economy again? Probably not, says Handelsblatt correspondent Dana Heide.

The domestic Chinese service sector needs more time to recover and foreign demand has already weakened due to the global lockdown.

“A strong and rapid recovery, as in previous crises, is therefore difficult to imagine,” says Commerzbank– Analyst Hao Zhou. This suggests that the stock markets could soon go down again.

Today is Friday’s little expiry date. Options on stocks and indices reach their end date and are settled. In contrast to the big expiry day, called the Witches’ Sabbath, options on the Eurex futures exchange for professional investors are not affected. Accordingly, the small expiry date has less impact on the stock market prices than the large counterpart.

The overseas guidelines are positive: yesterday in New York, the stock markets closed in positive territory. The Nasdaq 100 selection index, which includes the large technology companies, made up for the losses in 2020. The US futures contracts signal an opening of three percent on the stock exchanges. The Tokyo stock exchange rose to its highest level in five weeks.

Look at the individual values

MTU: The engine manufacturer’s share tops the Dax list of winners with a plus of around six percent. The occasion is the announcement of Boeing after US market closes to resume commercial aircraft production at a plant near Seattle next week. The MTU-However, papers have a lot of catching up to do: A 56 percent drop has been recorded since the beginning of the year.

Other papers from the industry also benefit from the Boeing announcement: airbus– Shares rise 7.8 percent, FraportStocks up 5.7 percent.

Look at other asset classes

Hope for a rapid recovery in the global economy from the aftermath of the coronavirus pandemic makes the “crisis currency” gold less attractive for investors. The precious metal fell 1.3 percent to $ 1,696.97 a troy ounce.

The Turkish lira is apparently in a dangerous devaluation vortex. Against the dollar, the currency is approaching the $ 7 mark, currently $ 6.94. The record high dates from the times of the currency crisis in mid-2018 and is $ 7.14.

What makes the situation so dangerous: According to Commerzbank, the foreign exchange reserves of the Turkish Central Bank (CBT) have fallen to a low of $ 27 billion net (excluding the foreign exchange of the reserve ratio of the banks). To extend existing foreign debt in 2020, $ 162 billion would be necessary.

“Due to the continued devaluation of the lira, foreign currency debt now accounts for a significant share of Turkish GDP and servicing foreign debt could be difficult,” concluded Commerzbank currency analyst Tatha Ghose. As soon as resources run out, the situation could escalate rapidly.

The euro is rising and has thus recovered somewhat from the losses of the two previous days. The common currency was trading at $ 1.0874 in the morning after falling to $ 1.0817 the previous evening.

The recent dollar strength cannot continue shortly before the weekend. In the morning, the dollar lost trading in all other major currencies.

“When planning wealth, the rule is: never get out completely!”

What the chart technique says

You can smile at chart technology, but there are always astonishing price movements that show that many investors are apparently oriented towards it.

For example, the Dax closed exactly at 10,279 points last Wednesday. It was from this brand that the leading index started its rally in December 2018, which lasted until a record high in February 2020.

This brand is now considered an important support, according to technical analysis it was “confirmed” on Tuesday of this week. Just below that there are so-called price gaps for which there were no quotes this year. The last gap would be closed at a Dax level of 10,097 points.

The latest recovery rally since mid-March led the Dax from 8255 points in mid-March to a new five-week high last Tuesday at 10,820 points. This rally remains intact as long as the stock market barometer remains above 9235 points.

If this upward trend remains intact, the next targets would be 11,030 and then 11,266 points, the August 2019 interim low.

Here is the page with the DAX course, here is the current tops & flops in the Dax. Current Short sales of investors can be found in our Short sales database.

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