After massive loses in 2019 and 2020, European aircraft giant Airbus has shifted towards "recovery and growth" and made more money than expected last year. The company now aims to ramp up production.
The duopoly of Western aircraft manufacturers Airbus and Boeing is under pressure. Russia's MC-21 airliner is now certified to fly and China is pushing ahead with plans to enter the international market.
24 Sep 2021
Airbus Summit unveils the 'flying taxi', also known as a giant drone, which can carry up to four passengers and travel up to eighty kilometres at a speed of one hundred and twenty kilometres per hour. The aim is to create an environmentally friendly means of transport. The first flight of the latest model is expected to take place in 2023.
27 Jun 2021
The two sides have been locked in a row over subsidies for European planemaker Airbus and its US rival Boeing for almost two decades.
2 May 2020
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.
14 Feb 2020
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.
8 Dec 2019
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.
21 Nov 2019
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.
26 Mar 2019
Airbus has sealed a megadeal with China. A $35B agreement was finalized during President Xi’s visit to Paris.
14 Feb 2019
Airbus is scrapping its A380 double decker, marking the end of the jumbo jet era. Production of the plane maker’s flagship model will end by 2021 after a handful of remaining buyers including Emirates who received their last orders.
7 Feb 2019
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.
3 Feb 2019
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.