Covid-19: Airbus CEO warns of 'gravest crisis' for aerospace industry
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.
Airbus reports 2019 net loss of 1.36 billion euros
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.
What Dubai deals say about the Airbus-Boeing duopoly
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.
Airbus wins $35B deal from China
Airbus has sealed a megadeal with China. A $35B agreement was finalized during President Xi’s visit to Paris.
Qantas cancels order for 8 Airbus A380s
Qantas's cancellation of the A380 superjumbo jets is the latest blow to aeronautics company Airbus. A number of airlines have canceled or stalled orders in recent years, causing Airbus to question the A380's future.
Airbus A380 future in the air as Emirates reconsiders
Emirates is considering switching some — or even all — of its order for the four-engine superjumbo jet. Without the Emirates deal, the iconic Airbus A380 has no future, according to analysts.
Airbus-Emirates deal to save A380 Jumbo is said to stall
Airbus's latest order for as many as 36 A380s is said to have stalled because of problems with the engines. It's a deal worth about $16B and was seen as a lifeline for the A380. Emirates is the biggest customer for the aircraft.
Epic Airbus-Boeing fight signals long U.S.-China trade spat ahead
For the better part of two decades, the U.S. and EU have battled at the World Trade Organization over aircraft makers Boeing Co. and Airbus SE. Now as America and China engage in a volley of tariffs, the inability of the U.S. and EU to resolve their dispute offers a key lesson for the burgeoning trade war:.