Airbus to invest €1bn in A220 program
Airbus is set to invest more than €1 billion in its A220 program this year, its chief executive, Guillaume Faury, has announced.
Qantas will use safety record to negotiate cut-price 737 MAX deal
Qantas chief executive Alan Joyce has hinted he could use the airline's status as the world’s safest to negotiate a cut-price deal to buy Boeing’s troubled 737MAX when it returns to service.
Air France predicts €200m coronavirus costs in just three months
Air France has become the latest airline to warn the coronavirus outbreak will affect profits, estimating its impact on the business at between €150 million and €200 million between February and April.
Three-hour delays up 50% on US domestic flights
The number of three-hour delays on US domestic flights increased by 50 per cent in 2019, according to new figures released by the Bureau of Transportation.
Boeing axes tax break to end 16-year Airbus trade war
Boeing has asked for a key tax break to be suspended to end a 16-year, tit-for-tat trade war with Airbus. The Seattle-founded planemaker will hope the unexpected concession will stop the European Union imminently imposing tariffs on US goods, and comes a week after the US imposed strict tariffs on Airbus.
Airbus Defence and Space cuts 2,300 jobs
Airbus’ defence and space division will cut more than 2,300 jobs worldwide before the end of 2021. The company blamed a flat market and postponed defence contracts for the redundancies, but maintained that the underlying outlook “remained solid”.
