Airbus cut its delivery target for 2025 due to problems with its best-selling A320 jets. The company now expects to deliver 790 aircraft instead of 820. The move comes after quality issues affected production and delivery schedules. The problems include a software glitch and faulty metal panels on some A320 planes. About 628 aircraft need […]
Airbus
PIA ‘not affected’ by Airbus recall as airlines race to fix A320 jets
Pakistan International Airlines remained unaffected even as global airlines scrambled on Saturday to fix a software glitch on their Airbus A320 jets after a recall by the European planemaker temporarily grounded aircraft in Asia and Europe and threatened travel in the United States during the busiest weekend of the year. The recall of 6,000 planes, […]
Airbus, Thales, Leonardo join forces to build European satellite giant
In a landmark move for the European space industry, Airbus, Thales, and Italy’s Leonardo have announced a major merger to form one of the continent’s most powerful satellite and space technology companies. The deal, whose financial details remain undisclosed, aims to boost Europe’s independence and competitiveness in a field increasingly dominated by global players such […]
Airbus, Qatar airways set to face each other in court
Airbus and Qatar Airways are set to face each other in court as a dispute over billions of dollars of jets enters a theatrical phase and rattles some airline leaders. The Gulf carrier will on Thursday ask a UK judge to extend an order that prevents Airbus from revoking a contract for 50 A321neo jets, […]
Airbus keeps outlook as Q1 core earnings rise
European planemaker Airbus stuck to its full-year financial targets after reporting slightly higher-than-expected core first-quarter profits, overshadowed by a heavy drain on cash as it stocked parts to ease industrial bottlenecks. Quarterly revenues rose 24 percent from a year ago to 12.55 billion euros ($14 billion), while adjusted operating profit jumped to 549 million euros […]
US proposes new tariffs on EU products over Airbus subsidies
The US on Monday threatened to impose tariff counter-measures of up to $11.2 billion on a host of European products in response to subsidies received by aircraft maker Airbus. For more than 14 years, Washington and Brussels have accused each other of unfairly subsidizing Boeing and Airbus, respectively, in a tit-for-tat dispute. In a statement […]
Airbus, Boeing fly into lucrative services market
Airbus and Boeing may have built their global success on the back of the transcontinental airliners but they are now eyeing a lucrative if rather less glamorous side of the aviation sector in their battle to dominate the skies — parts and repairs. While booming demand for air travel across has seen the world’s top […]