International & World Report

At Paris Air Show, Airbus steals record after record. While the European aircraft manufacturer has been a landmark order yesterday from the Indian carrier IndiGo, involving 180 Airbus A320 150 A320neo, a subsidiary of EADS could do better on Thursday. During the fourth day of the Paris Air Show, Boeing expected to announce the largest order in the history of civil aviation in the number of devices with 200 A320neo from Air Asia.

In addition, American Airlines is about to acquire from Airbus over 100 single-aisle A320 series, according to Bloomberg. The price of the order could amount to about $ 8.5 billion at list prices. These devices replace less efficient airplanes like the Boeing 757 and MD-80.This command would be a setback for Boeing since the company is usually the client U.S. aircraft manufacturer, Airbus' main competitor.

After its intention to buy A320neo, the airline GoAir Indian low cost has signed a firm order this morning for 72 medium-haul of its kind.

Since the beginning of the show, the success of the A320neo is undeniable: it should pass the milestone of 1000, just seven months after its commercial launch. Subsidiary of EADS has already exceeded its targets since was 500 A320 orders by the end of Bourget.

Other models also reap Airbus orders this Thursday

The A380 also encounter expressions of interest. Skymark Airlines has confirmed Thursday morning ordering two A380s.The amount of this additional order would reach at list price, $ 750 million.

In addition, Airbus hopes to get "a significant portion" of the large order that would formalize Air France-KLM this summer, said Thursday Fabrice Brégier, Chief Operating Officer of the European aircraft manufacturer. The French company could opt for the A350 model. "We believe that the A350 has advantages over the Boeing 787. For us to make to Air France-KLM, "commented the manager.

For now, the official death toll is over 700 orders and options, including 347 firm orders for Airbus in three days. The total amount of these orders, at list prices, at more than $ 65 billion.Boeing is so far below as the U.S. garnered 126 orders and options, including 61 farms, pour19 billion.

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The Cac 40, which is briefly fell below the 3900 points early in the day, closing up slightly on Wednesday. The index gained 0.31% to 3928.99 points.

On the stock market in Frankfurt, the Dax ended up 0.28% to 7170.94 points and the FTSE-100 rose at the close of 0.20% to 5870.14 points.

The OECD has reassured the United States and the euro area this year are expected to grow faster than expected, respectively 2.6% and 2% (against 2.2% and 1.7% previously), considers Wednesday the organization that maintains unchanged its forecast for 2012 to + 3.1% + 2%.

Concerns about the crisis of European debt have somewhat affected the odds: the morale of Germans, according to Gfk survey, should continue its degradation in June for the third straight month due to the debt crisis in euro and soaring oil prices. The index shows a decrease to 5.5 against 5.7 in MayIn addition, the Netherlands and Germany are threatening to commit the privatization of the Greek economy to foreign experts, reveals leFinancial Times. A new threat which seeks to lobby the Greek government to take drastic cost-saving measures.

United States, orders for durable goods fell more than expected in April, posting their largest decline in six months after the March increase, official statistics show on Wednesday. The U.S. Department of Commerce reported a 3.6% decline in orders in April after rising by 4.4% (revised from +4.1%) in March. Analysts polled by Reuters on average expected a decline of 2.2%.

With regard to the Icelandic volcano, France should be minimally affected, which should reassure the airline industry.

On the foreign exchange market, the euro is stable against the dollar on Wednesday.Late afternoon in Paris, the European single currency was worth 1.4110 dollars against 1.4100 dollars late Tuesday.

Airbus confident for Le Bourget

Side companies, cyclical industrial and banking resume colors. Renault (+1.65%) leads the CAC 40 in front of BNP Paribas (1.40%) and Societe Generale (1.27%).

Consumer complaints of gas and electricity rose 25% in 2010, about problems with their energy supplier.The mediator of Energy notes that complaints from customers at 43% of GDF Suez (-0.39% to 25.58 euros), 38% of those of EDF (+0.60% at 28.44 euros), 12% of Direct Energy and 4% of customers Poweo (balance to 3.91 euros).

BigBen Interactive (7.56% to 9.68 euros) jumped to the Paris Stock Exchange for its resumption of trading, after reaching an agreement to buy Modelabs, an operation that will allow him to change size and diversification, analysts note.

Airbus and its parent EADS (-1.20% to 22,30 euros) were optimistic Tuesday on future orders at the Paris Air Show in June in a market "active."

Carrefour (-0.03% to 30.28 euros) announced Wednesday the appointment of Mathilde Lemoine to the position of independent director of the group, replacing Jean-Martin Folz, who left the board for divergence of views on strategy.

The French group Alstom and its Chinese joint venture Casco signed two contracts worth a total of 85 million euros for the supply of signaling systems in metros of Shanghai (east) and Kunming (south).

The association of minority shareholders (Adam) who assigned Tuesday referred the saddle Hermes (-0.82% to 174.40 euros) to "deprive" the essential rights to vote at the next family meeting, has been confronted with an invalid procedure and the case was adjourned to July 12.Or after the meeting to be held June 30

Casino (-0.19% to 72.44 euros) denied on Tuesday it had agreed to the opening of the opening of negotiations between the Brazilian distributor GPA, which holds 35%, and Carrefour Brazil.

PPR (1.06% to 119 euros) and Volcom announced Tuesday it had received notification of the end of the statutory review period on the bid of French on the American brand.

Rexel (-0.20% to 17.70 euros) announced Tuesday it had won its bond issue of 500 million euros, whose order book has surpassed 1.8 billion euros.

Eurazeo (-0.30% to 56.07 euros) on Tuesday announced a capital increase, offering its shareholders one new share for 20 old shares held as of May 25, 2011.

The land Gecina (+0.19% at 98.70 euros), in 2nd place behind France in Unibail-Rodamco will continue to sell its assets in Spain and in the logistics industry, said Tuesday its chief executive Christophe Clamageran .

BioMerieux (+0.12% at 78.13 euros) announced Tuesday that the Health Authority (FDA) had recorded rapid testing and automated molecular diagnostic NucliSENS EasyQ MRSA screening for patients infected with resistant Staphylococcus Aureus methicillin.

Europacorp (0.71% to 4.18 euros) will publish its annual turnover, while LCD (poultry) will announce its annual results after-hours trading.

While the rating agency Fitch on Friday downgraded the rating of long-term debt of Greece, and the French minister Christine Lagarde asked Athens to take further fiscal austerity measures, the German finance minister speaks the ability to offer additional assistance to Greece.

In an interview published Sunday by the newspaper Bild am Sonntag, Wolfgang Schäuble believes that steps could be taken for the country if his efforts fail to reduce its debt. This additional support "is only conceivable if it is confirmed that the private creditors such as banks, do not opt ​​out of Greece, leaving European taxpayers to take full responsibility," said the German minister nonetheless. He believes that the creditor countries of Greece must first ensure that Athens is able to overcome its economic difficulties."Only in this case we could, if necessary, discuss an extension (the maturity) bonds that Greece should pay next year," says he.

The inspection visit, arriving in early to ensure that Athens respects the conditions attached to the bailout 110 billion made in the country, had to extend his stay. Officials hope it will make its findings next week but no date has been set. Wolfgang Schäuble also said that the decision to give an additional boost will require the approval of the International Monetary Fund (IMF) and especially that of centrel Bank (ECB).On Friday, the IMF has in effect called the euro area to urgently adopt a more comprehensive range of measures to resolve the debt crisis, but some resistance has emerged towards the ECB.

'Soft' restructuring

George Papandreou, the Greek Minister Pemi must submit on Monday a multi-year plan with new measures to strengthen the fiscal consolidation of the country online payday loan lenders. He hopes to escape the restructuring of the enormous debt that he does not want to hear aujoud'hui, but that markets demand. Unlike the ECB, they are convinced that Athens can not solve its problems by merely the emergency loan of 110 billion euros already granted by euro zone countries and the IMF. Despite a big effort to reduce the deficit last year (five points of GDP), Greece is indeed still in a critical budget situation.

The leader of the finance ministers of the eurozone, Jean-Claude Juncker, is the promoter for this week of a 'soft' restructuring through debt rescheduling. He pleaded over the weekend for the creation of an independent umbrella of the Greek government's privatization program in the country. Athens has planned about 50 billion euros from privatizations in 2015, whose income must be allocated to debt reduction. This option is opposed by the European Central Bank (ECB), fearing that the outright failure of Greek banks, and chain reactions throughout Europe.Dominique Strauss-Kahn, former head of the IMF, was also on the same line.

Determined to "save" his country that he says can work it through his own efforts, George Papandreou is due to visit Paris this week, Tuesday and meet with key political leaders of his country to reach a consensus on measures to be taken to cope with the crisis. This agreement required by the countries of the euro area, however, looks difficult to obtain, the prime minister faced with a sling, even within his own party.

(With agencies)

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This is an internal letter from the Director of Information Systems (ISD) that senior GDF Suez len heard the news earlier this week. In this internal email which Le Figaro has obtained a copy, Véronique Durand-Charlot announced with "deep regret" that "one ISD staff in Lyon, Éric.C, made a suicide attempt "May 14 last.

According to sources inside the company, the man would set himself on fire inside his car in a parking lot near his home. Third-degree burns, he is reportedly in a coma. "He is in hospital care Edouard Herriot and our doctor is on site since Monday morning," says mail sent by management. The latter adds a psychological support has been established on the sites of Lyon and Saint-Ouen."The regular news on the health of Eric will be provided" to his colleagues, says the letter.

"It is too early to know the reasons for his gesture," we said a spokesman for GDF Suez. "This aa place outside the workplace," he held to be redefined. According to the latter, however, the company has declared a work accident as a precaution in order to "enable the regional health insurance fund to take up the issue and facilitate the support of the family."

A few days after the fact, Eric's colleagues. C are safe for their part that this acting out is directly related to working conditions. This framework would have repeatedly sent emails remained unanswered to his superiors in which he referred to his illness, including the day of his suicide attempt. GDF Suez information that does not confirm."We do not know for letters," says the spokesperson of the group. "He suffered from this violent restructuring implemented since the merger of GDF and Suez (2008, Ed)," says the other hand one of his colleagues.

Reorganization

A plan to transform the ISD, is underway since May 2010. An internal company document, sent to employees by Jean Paul Amoros, deputy director of ISD, is particular to a program of reorganization of the industry over the period 2010-2012. It provides, among other things, aims to "reduce disparities unnecessary and costly for the group," "share know" and "improving the career management of the IF chain.The same document gives a clear picture at the end of 2010, "it remains to be completed sites induced désimbrication with EDF and GDF and Suez merger with which some service offerings still weigh on economic performance."

Specifically, this policy would involve processing the closure of some area sites, including that of Lyon where the employee worked to centralize them in the Paris region. Veronique Durand-Charlot, who oversees these changes, confirmed in a company magazine dated May 2010 the need "to optimize internal operations and to propose a new, more integrated, more effective."

More worrying for the employees, the documents indicate a possible spin-off of ISD services between 2012 and 2014 which could lead to outsourcing of the latter.

"Psychological discomfort"

"This is a management that ignores the human," says an executive of the company. Yves Ledoux, coordinator at GDF Suez CGT refers more generally "psychological discomfort" that prevails throughout the company since the merger of GDF and Suez in 2008. "The takeover of Suez induced mutations. The executives from the GDF have moved from an industrial culture to a financial literacy and there are a lot of difficulties, "said trade unionist. "GDF Suez has signed a national agreement on psycho-social risks but they are not declined in the company. It is a semblance of agreement. "Last March, the CFDT also complained about the "social cost" of higher profits posted by energy group in 2010, "social plans in France, pressure on employment in Hungary or Romania, power losses purchase of group employees. These are not measures of facade that will hide the lack of social ambition, "she railed.

On Thursday, GDF Suez sweeping accusations. "The psychological problems are among the main concerns of the group since the merger," said the spokesman. So far only one employee had committed suicide in 2009 but "had nothing to do with work." Since the merger of both companies, "there was no problem," concluded the spokesman.

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U.S. stock markets failed to bounce back Tuesday. The Dow Jones closed at a decline of 0.55% at 12,480 points and the S & P dropped 0.04% to 1329 points. Only the Nasdaq managed to get back into positive territory and ended up on 0.03% to 2783 points.

Greece and Portugal, a source of concern

The caution is this Wednesday before the outcome of the meeting of the Eurogroup, which must rule on the case of Greece and Portugal endorse aid. The sovereign debt crisis continues to produce adverse effects on both sides of the Atlantic. In Europe, the fate of Greece crystallizes all concerns. Discussions on extending the term of the loan could still affect banks in Europe and the United States and creates a strong element of uncertainty in the stock market.

Wall Street is also proven by the uncertainties surrounding the U.S. debt.The U.S. Treasury announced Monday new measures of financial emergency to allow the U.S. federal government to continue to operate while the government fails to obtain an increase in the statutory limit on public debt, which was reached on May 16

Oil down

The market is also impacted by the downturn in the energy sector, while a barrel of crude has dropped more than $ 2 Monday in New York. On Tuesday, the decline continued on the New York Mercantile Exchange (Nymex). A barrel of light sweet crude for June delivery ended at 96.91 dollars, down 46 cents from the previous day."The crude market is a follower, very responsive to the dollar and the stock market," noted Rich Ilczyszyn, Lind-Waldock.

On the foreign exchange market precisely, the euro was changing, however, rose slightly on Tuesday against the dollar at 1.4156 dollars against 1.4153 dollars late Monday.

Bad news on the front of the property

More disturbing for operators, housing starts and building permits for homes have fallen sharply in April, the oversupply in the market, particularly related to foreclosures, discouraging new projects. According to figures released by the Commerce Department, housing starts fell 10.6% on a seasonally adjusted at an annual rate of 523,000 units, against 585,000 units in March (549,000 first announced) and 568,000 units expected by the market.

Moreover, industrial production in the United States remained stable in April, said Tuesday the U.S. central bank (Fed), while analysts believed it was up 0.5% from March.

HP heavily penalized

The side of values, Hewlett-Packard (-7.31% to 36.89 dollars) on Tuesday reported a sharp reduction in its annual forecast, highlighting the impact of the earthquake in Japan and lower sales of personal computers . The annual profit forecast was lowered to "at least five dollars per share, excluding special items, after a previous forecast of between" 5.20 and 5.28 dollars. "

Wal-Mart (-0.96% to 55.52 dollars) Tuesday reported a profit and a better than expected sales in the first quarter and delivered a goal in line with expectations for current quarter.[ID: nWEA1793] Earnings per share (EPS) from continuing operations stood at $ 0.98 over the period from January to March, against 0.95 expected by analysts according to Thomson Reuters I / B / E / S. Sales rose 4.4% to 103.4 billion, against a consensus of 102.93 billion.

Boeing (-1.41% to 76.67 dollars) has won an order from the U.S. Air Force $ 963 million for the construction of 5 C-17 cargo planes.In the same sector, Lockheed Martin hopes to sell 18 fighter jets F-16 fighter in Iraq and Oman by the beginning of 2012 and record orders for 100 additional aircraft F-16 in the world of By the end of the decade.

The casino group Las Vegas MGM (1.32% to 14.54 dollars) hopes to raise $ 1.5 billion public offering in Hong Kong by introducing its China branch, MGM China, a partnership between the U.S. parent and the daughter of the tycoon game that rules over Macau, Stanley Ho, said Tuesday the Wall Street Journal. The IPO is scheduled for early June.

The ambitions of BP (0.66% to 42.74 dollars) in the Arctic have suffered a serious setback after the oil giant announced today that no solution had been found on its proposed alliance with the Russian public group Rosneft in oil exploration.The agreement on a share swap of 16 billion dollars (11.2 billion euros) expired last night and the main obstacle to its realization, namely the opposition of the Russian shareholders in BP's joint venture in Russia , TNK-BP, could be lifted in time. The British oil company said that talks with Rosneft would continue despite the expiration of this Agreement. But people close to the Russian group claimed on their side that it was going to seek "new partners".

Moreover, a prosecutor in New York has opened an investigation into dubious practices to transform mortgage securities, says Lewalle Street Journal.Officials at Bank of America (+0.34% to 11.90 dollars), Goldman Sachs (+0.13% to 140.78 dollars) or Morgan Stanley (1.38% to 24.21 dollars) must be heard in the week by Attorney Eric Schneiderman.

Also note, the battle over the takeover of the transatlantic exchange operator NYSE Euronext (-3.44% to 34.50 dollars) ended Monday with the withdrawal of the cons-hostile bid launched by Nasdaq OMX (-1 , 07% to 25.95 dollars) and IntercontinentalExchange (-1.36% to 120.56 U.S. dollars), who threw in the towel before the opposition of the competition authorities.

Carrefour wants to list its subsidiary Dia hard discount from 5 July to the Madrid Stock Exchange. The demerger received the endorsement Friday of the Spanish market authority, but must be approved at the general meeting of shareholders of Carrefour June 21 The group announced Friday in a document of 323 pages of detailed accounts of Dia, and the ambitious projects of the future independent company, to be chaired by Ricardo Currie, current head of the hard discount sector. A meeting is scheduled tomorrow to financial analysts.

Dia is now very dependent on the Iberian Peninsula, where it generates more than half of its sales and nearly three-quarters of its profits. This does not preclude the company to post a very ambitious development plan.It is an annual growth of its turnover by 7% by 2013, up 10% of its operating income.

The sign, which now has 6,373 stores, intends to move its fleet to 8,000 units by end of 2013. About 500 openings are planned this year, between 600 and 700 in 2012 and between 700 and 800 the following year. Now present in Argentina, Brazil, China and Turkey, Dia placing on emerging markets to grow. In 2013, they contribute to 30% sales slide (against 22% today) and 22% of operating income, as against 7% today.

Dia promises to invest between 300 and 350 million per year for its expansion, but primarily relies on the franchise to accelerate its development no teletrack payday loan.Late 2013, the franchise would be 40% of the park, against 32% today.

The group has, moreover, continue the program of cost reduction of 230 million euros by end 2012. While Carrefour insisted on limited synergies with its branch deep discount to justify its proposed demerger, the document states that half of the purchases of branded products Dia (which represent the bulk of sales of the brand) in Spain and France are carried out jointly with Carrefour. To preserve the purchasing power and price competitiveness of the two groups, a joint procurement contract is scheduled for three years.

Micromania boss appointed to the Board

At the time of the split, the current shareholders of Carrefour will receive shares of Dia in proportion to their participation. Colony Capital and Groupe Arnault will meet then, at least initially, the former shareholders of Dia.Their leaders do not personally sit on board of the world's number three discount stores, but two of their employees will be appointed directors: Nadra Moussalem and Nicolas Brunel. These French sit in a council dominated by Spaniards, alongside compatriot Peter Cuilleret, Micromania boss.

This is no time to feast on world markets and the Paris Bourse was not really moving. This Friday, the CAC 40 opens just in balance, rising a timid 0.08% at 4008.43 points, retaining the symbolic threshold of 4000 points, and was saved yesterday after a lackluster session. The signals sent from Wall Street are not encouraging, nor those sent by the Asian markets on Friday morning.

Prudence therefore prevents excessive risk taking. Especially as investors await the release earlier this afternoon by the U.S. Department of Labor's highly anticipated monthly report on employment. He should come to confirm the trend shown in recent days across the Atlantic by the wrong numbers ADP and weekly jobless claims.Still on macroeconomic, the French budget deficit stood at 33.6 billion euros at end-March against 28.9 billion a year earlier, according to data released Friday by the Budget Ministry.

German industrial production for March is also expected.

Side currency, the euro rising slightly against the dollar at 1.4566 dollar. The European currency plummeted against the greenback following the announcement by the ECB yesterday kept the interest rates at their current levels until at least July. On the commodity front, the dollar's rebound has led to a plunge the entire sector. Oil has fallen below including $ 100 in New York, while silver lost 13% and 4% gold.

Values ​​to follow

Total

The oil company should react to the sharp drop in oil prices flexcheck cash advance.

Alcatel-Lucent

The telecommunications equipment has greatly reduced its losses in the first quarter to 10 million euros, against 515 million a year ago, and has recorded an increase of 15.2% of its turnover to $ 3.7 billion euros.

Carrefour

In an interview with Les Echos, the CEO, Lars Olofsson, made the revitalization of hypermarkets in France and its priority does not like the boss for France, whose departure was announced Thursday, is replaced by a French.

Eiffage

The group announced an increase of 13.2% of its backlog as of April 1, to 11.7 billion euros and confirmed its target of sales in 2011.

Icade, Veolia Environment

The group was selected by Veolia Environnement as exclusive partner for project implementation, the order of 100.000 square meters, designed to accommodate the consolidation of about 3000 to 4000 in Aubervilliers (Seine et Marne). Exclusive negotiations which are expected to undertake to reach a decision by early 2012, said the land in a statement.

Wendel

The group has announced organic growth of 9.9% of its sales in the first quarter to 1.44 billion euros, its holdings, including construction companies, which have benefited from economic recovery.

French cement publish today its first quarter results. Euler Hermes and Gascony will lift the veil on the turnover of the first quarter.

Sanofi-Aventis and CNP Assurances hold their general meeting.

Union leaders had expected that the 1 May 2011 be a little raw, especially as "holiday character this time is less assertive, that day falls on a Sunday, is Marcel Grignard, number two of the CFDT.

"We do not have to be in the streets" to celebrate International Labour Day, said Sunday the first secretary of Lille Martine Aubry PS parades scattered about, saying that employees would demonstrate "in 2012 in vote. "Between 700 people, police said, and a thousand, according to organizers, marched on Sunday in Lille.

In Marseille, among 2000 people by 5000 according to police and organizers, marched through the rus, between 2200 and 3000 in Bordeaux between 1200 and 3000 in Strasbourg, only a few hundred at the start of the procession in Rennes.

It was also shown to Pau (800 to 1200), in Angoulême (500), Besancon (500 to 1000), Brest (250 to 300), Nancy (700 people according to the unions).

Winks comedy peppered some processions. "May 1st, we are the popes of the earth", alluding to the beatification of John Paul II.But also slogans in opposition to the FN, as in Rennes' French workers, immigrants, same bosses, same battles. "

A trade union unity crumbled

The protesters "are certainly fewer than we hoped," regretted Francois Chereque on Europe 1 (CFDT). Especially as the bargaining unit has somewhat disintegrated.

In Paris, Bernard Thibault (CGT) and Francois Chereque, in particular, will head behind the streamer head of the procession, which is just after 14:00 waver from Republic Square to join one of the nation.

The CFTC did not join the call unit but leaves the task to militants to carry out local initiatives, while the CFE-CGC stays away this May 1.

Workers Power is as usual alone.In Paris, however, that they were 300, according to AFP, to march through eastern Paris, the Bastille to the Place Gambetta, before going to bow to the wall of Federated.

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Four years after the bursting of the housing bubble and the collapse of U.S. subprime, the United States, Europe and Japan are far from having solved their problems. Everywhere "the state and households remain heavily indebted, in varying degrees, and the health of financial institutions has not recovered at the rate of recovery of the economy as a whole," warns the International Monetary Fund in its half-yearly report on financial risks, released Wednesday.

We can no longer be content to make "prevention" by providing liquidity, we need a real "structural treatment," insists Jose Vinals, financial adviser to the IMF.

If the crisis of sovereign debt in the euro area focuses attention, "the United States and Japan are both very sensitive to an increase in the debt burden if interest rates were to rise substantially from their current levels. " The IMF has calculated that the Japanese government will this year's market borrowing the equivalent of 56% of its GDP to refinance debt that matures in 2011. The U.S. Treasury is second with a financing requirement equal to 29% of GDP, followed by Greece, Italy, Belgium, Portugal and France, whose programs of public issues over 20% of their GDP no faxing payday loans.

From the banking side also, the needs are enormous.Refinancing maturing over the next two years amounts to 3600 billion. While progress has been made to improve capital ratios.

Limited effects of earthquakes in Japan

But in the world, "30% of the banks reviewed by the IMF have capital ratios below 8% (of assets), says Jose Vinals. In Europe, almost all institutions in Greece, Ireland, Portugal, many small banks in Spain, some regional banks in Germany have lost access to markets. I expect a lot of 'stress tests'qui be launched in June. I hope they will be sufficiently credible and stringent. Banks that are not viable will no longer exist in their present form. "

The Fund is however not too worried about the consequences on the global financial system of earthquakes in Japan.Similarly, the geopolitical risks in the Arab countries would have limited effects. The exposure of U.S. banks, European and Japanese is "approximately $ 330 billion, no more. With this clarification for French banks, "set to the tune of $ 12 billion in the UAE, $ 22 billion in Morocco, Saudi Arabia 19 billion and 17 billion in Egypt."

World According to information dated Sunday-Monday, Turbomeca, a subsidiary of Safran's aerospace equipment, was the target of industrial espionage between January and September 2010, via its computer systems. This cyber-attack led to the opening this fall of an inquiry by the Central Directorate of Internal Intelligence (DCRI) to "introduction, removal and fraudulent alteration of computer data" the newspaper reported. Since then, more than a dozen people were put in custody, including employees of the group. Accurate knowledge of the company's computer systems have in fact led investigators to pose the question of a possible internal involvement.

The data referred mainly concern the technology of propeller systems designed by Turbomeca, the world leader in helicopter propellers, as well as financial data of its parent.Those responsible for this case considered "the most important spy of 2010" by DCRI would have gone by computer systems and mailboxes for company employees to access the global systems group, and confidential information technologies Turbomeca. Remains to be seen to what extent the employees concerned were aware or not these actions the newspaper, which refers to possible "corruption".

Several million euros to improve the protection

Pending further information on the extent of leakage from computer fraud, loss technological and Turbomeca Safran is "incalculable," says a source within the company. Moreover, it would already cost Safran "several million" in protection systems "to protect the company from further attacks."

The Chinese track, yet …

As for the Renault affair in the early stages of the investigation, the question arises of a possible involvement of a Chinese company, which is more partner Safran, and would have flown the intruder. They could have been motivated by the desire to "bridge the technology gap and to ensure that Saffron does not cheat on the recharge equipment sold to the Chinese Turbomeca" said an inside source in the world.

Nevertheless, the investigation should be closely monitored in the coming weeks. The many twists on the Renault affair continues to fuel the wildest rumors. No track should be set aside for the moment to avoid a second scandal in a company the size of Safran.

A folder that is even more sensitive than the activity of Saffron is highly strategic (the group team of military aircraft) and the French state owns 30.2% stake in the aerospace equipment. The group will publish its annual results on April 21, at the same time it will hold its general meeting. Until then, it should remain very secretive about the specifics of the investigation.

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