Norwegian Air has officially cancelled all 88 narrow-body jets it had on order from Airbus, mostly made up of A320neo and A321LR aircraft. Under the agreement, Airbus will keep all deposits made on the purchased but as-yet undelivered aircraft, and is entitled to a further $850,000 from the embattled airline. A deal was originally struck
European planemaker Airbus has lost hope for any meaningful recovery in the short-term, as new COVID variants spread across Europe, closing borders and sending nations into lockdown. Airbus posted an operating loss of US$600 million in 2020, down significantly from its 2019 results, where it reported US$1.6 million in profit. The commercial aircraft division of
European planemaker Airbus has been forced to prepare for a ‘no-deal’ exit of Britain for the European Union, and has pleaded for an end to diplomatic squabbles and trans-Atlantic aircraft subsidy disputes. Airbus chief executive Guillaume Faury said the plane manufacturer, whose business straddles across both the UK and EU, was preparing itself for severe
European planemaker Airbus had said it delivered 64 aircraft in November, however achieved no new commercial aircraft orders for the month. At 64 deliveries, the planemaker has achieved a total number of 477 delivered jets so far this year, a figure that is down 34 per cent compared with the first 11 months of 2019.
Airbus has reportedly found new buyers for six aircraft from its A320neo family after major customer AirAsia cancelled its orders in light of COVID-19. While undelivered and cancelled aircraft orders have become something of the norm in the post-COVID aviation environment, the case of tensions between Airbus and AirAsia became unusually public in April when
Guillaume Faury, CEO of European planemaker Airbus, has said there is “no guarantee” that non-voluntary job layoffs can be avoided, as the COVID-19 pandemic continues to decimate the aviation industry. With airlines around the world keeping their fleet grounded amid a global travel slump and ongoing border restrictions, many airlines have delayed or cancelled their
