The Hellenic Navy (HN) (Greek: Πολεμικό Ναυτικό, Polemikó Naftikó, abbreviated ΠΝ) is the naval force of Greece, part of the Greek Armed Forces. The modern Greek navy has its roots in the naval forces of various Aegean Islands, which fought in the Greek War of Independence. During the periods of monarchy (1833–1924 and 1936–1973) it was known as the Royal Navy (Βασιλικόν Ναυτικόν, Vasilikón Naftikón, abbreviated ΒΝ).The total displacement of all the navy's vessels is approximately 150,000 tons.The motto of the Hellenic Navy is "Μέγα το της Θαλάσσης Κράτος" from Thucydides' account of Pericles' oration on the eve of the Peloponnesian War. This has been roughly translated as "Great is the country that controls the sea". The Hellenic Navy's emblem consists of an anchor in front of a crossed Christian cross and trident, with the cross symbolizing Greek Orthodoxy, and the trident symbolizing Poseidon, the god of the sea in Greek mythology. Pericles' words are written across the top of the emblem. "The navy, as it represents a necessary weapon for Greece, should only be created for war and aim to victory."...............The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.Blogger Tips and Tricks
This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς....This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς.........

Wednesday, June 11, 2014

Emirates cancels Airbus A350s order..[ 4052 ]

Emirates cancels order for 70 Airbus A350s

BBC.,
Airbus A350
Dubai's Emirates Airline has cancelled an order for 70 of Airbus's A350 wide-bodied aircraft, the planemaker says.

Airbus said the cancellation had followed "ongoing discussions with the airline in light of their fleet requirement review".
In 2007, Emirates placed 50 orders for the A350-900 and 20 for the A350-1000, with deliveries due from 2019.
UK engine maker Rolls-Royce said the cancellation would lead to a £2.6bn hit to its order book.
"While disappointed with this decision, we are confident that the delivery slots which start towards the end of this decade vacated by Emirates will be taken up by other airlines," Rolls-Royce said.

Airbus Group N.V.

Last Updated at 11 Jun 2014, 15:23 GMT *Chart shows local time Airbus Group N.V. intraday chart
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A spokesperson for Emirates said the airline was "reviewing our fleet requirements".
'Game changing' Airbus said it was confident that new orders "in the coming months" would compensate for the Emirates cancellation.
"There's no impact on the programme as deliveries were scheduled to start at the end of the decade," a spokesman said.
In a statement, the company said it was "very confident" in its A350 XWB programme, adding that it had 742 firm orders and it expected the order book to continue growing in 2014.
"Interest in the game-changing A350 has always been very high with customers," it said.
Airbus added that Emirates had recently "reiterated its confidence in Airbus products, particularly by praising the A380".
The airline ordered an extra 50 A380 superjumbo planes at the last Dubai Airshow.
However, investors took the news of the cancelled A350s badly, with Airbus shares closing down more than 3% in Paris. Rolls-Royce shares fell more than 5% in London.
The A350 long-range jet is a competitor to Boeing's 777 and 787 Dreamliner planes. The design of the A350 was changed in 2006 after potential customers were not impressed by the original plans.
Emirates announced it had ordered 150 of Boeing's 777X planes at the Dubai Air Show last year.
Sash Tusa, aerospace and defence analyst at Edison Investment Research, said the move by Emirates was real blow to Airbus, "with the loss of a 70 A350 wide-body plane order coming just as rival Boeing's 777X has been launched".
"It gives the unavoidable conclusion that the world's largest and most influential long-haul airline sees the 777X as the wide-bodied twin of the future," he said.

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