Airbus-Emirates deal to save A380 Jumbo is said to stall

Airbus has sealed a megadeal with China. A $35B agreement was finalized during President Xi’s visit to Paris.

Ganduje on Wednesday signed into law the creation of four new Emirates. The Emirates created are for Gaya, Bichi, Karaye, and Rano.

Guillaume Faury, Airbus SE chief executive officer, discusses the launch of the A321XLR aircraft, production in China, and consolidation in the aerospace industry.

Aircraft and agricultural items from Europe will be subject to US tariffs in the latest round of a long legal fight. The move sets the stage for tit-for-tat trade escalation between the United States and European Union.

In the Middle East, Airbus and Boeing are trying to wow aviation chiefs and ink billion-dollar deals. Airbus has profited from its rival Boeing’s turbulent year, but things aren’t all one-sided.

The US has said it may increase tariffs after the EU lost its case at the WTO. The US claimed that loans made by the EU to Airbus for the development of the A380 and other aircraft represented an unfair advantage.

Boeing has seen a sharp fall in deliveries as its bestselling MAX jets remain grounded following two fatal crashes. It's not the first time the US planemaker has lost the crown to its European rival.

Airbus reports a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft.

The planemaker's Germany-based subsidiary, Defence and Space, has said it's undergoing "restructuring" after major financial losses. The group will cut a total of 2,362 jobs.

The boss of Airbus, Guillaume Faury, has said the Covid-19 pandemic represents "the gravest crisis the aerospace industry has ever known", as the company reported a slump in revenues and losses of €481 million in the first three months of 2020. Air travel has almost completely stopped due to the coronavirus, and uncertainty over when it will restart means Airbus is unable to provide guidance on how its business will perform for the rest of the year. Also today, the French government is beefing up its supervision of non-EU companies buying stakes in French firms.

The airplane maker Airbus is expected to shed thousands of jobs in its response to the coronavirus epidemic. Production is expected to be cut by some 40%.

The former monarch abruptly left Spain after probes into his involvement in financial wrongdoings heated up. His whereabouts remained unknown, until now.