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US suspends tariffs on UK Goods in Airbus-Boeing dispute
Bloomberg |
PUBLISHED ON MAR 04, 2021 06:31 PM IST
The tariff suspension will last four months to “focus on negotiating a balanced settlement to the disputes”, the UK government said in a statement on Thursday.
Actively pursuing Airbus to begin manufacturing in India: Piyush Goyal
PTI | , New Delhi
UPDATED ON FEB 27, 2021 10:52 PM IST
Addressing the CEOs session at the country's first Toy Fair 2021, Piyush Goyal said "I'm actively pursuing Airbus to try and get them to come to India to start manufacturing aeroplanes in India."
Airbus CEO calls for trade war ceasefire, easing Covid-19 travel bans
Reuters | , Paris
PUBLISHED ON FEB 20, 2021 04:49 PM IST
Washington progressively imposed import duties of 15% on Airbus jets from 2019 after a prolonged dispute at the World Trade Organization, and the EU responded with matching tariffs on Boeing jets a year later.
About 500 Airbus staff under quarantine after Hamburg Covid-19 outbreak
Reuters |
PUBLISHED ON JAN 24, 2021 10:37 PM IST
The company said the staff had been asked to stay at home as a precautionary measure and it was examining whether the measures would impact production at the site.
Airbus said to deliver about 560 planes last year with late push
By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JAN 02, 2021 08:58 PM IST
The 2020 total is well short of the record 863 aircraft that Airbus handed over to customers in 2019, but it still would be considered a success given the widespread groundings of fleets as Covid-19 wiped out demand for travel.
Airbus delivers most jets since pandemic aided by E-delivery
By Bloomberg | Posted by Arpan Rai
UPDATED ON OCT 10, 2020 12:03 AM IST
The tally of 57 jets, mostly single-aisle with a handful of long-range aircraft, compared with 39 handovers recorded in August, according to a statement Friday.
‘Can’t guarantee no compulsory layoffs’: Airbus CEO Guillaume Faury
Paris | By Reuters | Posted by Karan Manral
UPDATED ON SEP 22, 2020 12:31 PM IST
Earlier this year, Faury had warned Airbus may have to carry out compulsory layoffs after air travel failed to recover from the Covid-19 pandemic as quickly as anticipated.
‘ZEROe’: Airbus unveils concepts for hydrogen-powered plane
Paris | By Reuters | Posted by Karan Manral
UPDATED ON SEP 22, 2020 09:23 AM IST
The initiative includes concepts for two conventional-looking aircraft and a turboprop able to carry up to 100 people for 1,000 nm.
DGCA bans use of wide-body aircraft at Kozhikode airport for monsoon season
Hindustan Times, New Delhi | By Anisha Dutta
UPDATED ON AUG 12, 2020 01:34 AM IST
Wide-body aircraft like the Boeing 747 and Airbus A350 have a bigger fuel tank and can therefore travel longer distances in comparison with narrow-body planes like the Boeing 737 and Airbus A320.
Airbus trims A350 output, Q2 loss worse than expected due to Covid-19 pandemic
Paris | By Reuters | Posted by Anubha Rohatgi
UPDATED ON JUL 30, 2020 03:19 PM IST
The crisis has particularly affected demand for wide-body long-haul jets, which are expected to be the slowest to recover once demand returns to normal levels, which Airbus says could take until 2023 or 2025.
Airbus offers ‘final’ concession to ease jet subsidy dispute
Paris | By Reuters| Posted by: Harshit Sabarwal
PUBLISHED ON JUL 24, 2020 12:29 PM IST
Airbus said it had agreed to pay higher interest rates on government loans it received from France and Spain to help develop its A350 jet, which entered service in 2015.
Airbus to cut 15,000 jobs to counter slump due to Covid-19 pandemic
Toulouse/ Paris | By Reuters | Posted by Kanishka Sarkar
UPDATED ON JUL 01, 2020 02:39 PM IST
Europe’s biggest aerospace group Airbus said it would cut 5,000 posts in France, 5,100 in Germany, 900 in Spain, 1,700 in the UK, and 1,300 elsewhere by mid-2021, for a core total of 14,000.
AI pilots’ union opposes drastic cost-cutting, threatens non-cooperation on domestic flights
Hindustan Times, Mumbai | By Neha LM Tripathi
UPDATED ON MAY 23, 2020 06:54 PM IST
The domestic flight services were suspended on March 25 after the government imposed nationwide lockdown restrictions to contain the spread of Covid-19 outbreak.
Second Pakistan International Airlines plane crashes in less than 4 years
Bloomberg | By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON MAY 22, 2020 06:19 PM IST
Like other carriers worldwide, PIA struggled with plane groundings in the wake of the Covid-19 pandemic. The company, which hasn’t made a profit since 2004, asked the government for financial support in March.
Rolls-Royce considering workforce cut of up to 15% due to Covid-19: Report
By Bloomberg
UPDATED ON MAY 02, 2020 06:08 AM IST
The London-based company is joining a rush to slash costs across airlines and aerospace manufacturers, which are shrinking operations as Covid-19 all but erases travel demand. A 15% cut would imply the loss of approximately 8,000 jobs, based on Rolls-Royce’s average total employment last year.
Airbus reduces production due to COVID-19, delivery of aircraft to Indian clients likely to be delayed
New Delhi | By Asian News International
UPDATED ON APR 19, 2020 04:29 PM IST
Airbus - one of the largest commercial aircraft manufacturing companies in the world - has reduced its aircraft production rates by roughly one-third due to COVID-19 pandemic.
Coronavirus is ending a 16-Year plane boom for Boeing and Airbus
By Bloomberg
UPDATED ON MAR 11, 2020 11:11 AM IST
Travel restrictions related to the novel coronavirus outbreak are preventing airline representatives from China, the biggest international market for new airplanes, from even visiting Boeing’s delivery center in Seattle or Airbus’s in France to test-fly and sign ownership papers for new jets.
Air New Zealand is putting bunk beds in Economy Class
By Nikki Ekstein ,Bloomberg
UPDATED ON FEB 28, 2020 10:27 AM IST
Economy Skynest, the latest prototype to stem from the airline’s Hangar 22 innovation center, builds off the success of the airline’s Economy Skycouch, which allows families to transform a row of three economy seats into a single full-size bed.
AI wing, P&W ink deal to maintain engines
Hindustan Times, Mumbai | By Neha LM Tripathi
UPDATED ON FEB 22, 2020 12:52 AM IST
The plan comes amidst glitches in P&W engines, resulting in several mid-air scares. Since January 2019, there have been several incidents in India involving the new Airbus A320neos fitted with P&W engines; in many of these cases the aircraft were forced to turn around.
IndiGo scraps plan to launch dual-aisle flights to Europe: Report
Livemint, New Delhi | By Rashmi Sanyal
UPDATED ON FEB 18, 2020 12:42 PM IST
IndiGo will start flights to Europe, London on a single-aisle Airbus 321XLR (extralong range) aircraft .IndiGo will dedicate about 20 of these aircraft, with two-class configuration, for international operations
Nepal sends domestic carrier to evacuate citizens from China’s coronavirus-hit city Wuhan
Kathmandu | By Asian News International
UPDATED ON FEB 15, 2020 08:38 PM IST
The special flight flew for Wuhan at 4 p.m. (local time), nearly two hours late than previously announced time of 2:15 p.m. (local time).
On tariff hike by US, Airbus says move will harm US airlines, consumers
Reuters | By Reuters
PUBLISHED ON FEB 15, 2020 06:22 AM IST
The European planemaker said it would continue discussions with its US customers to “mitigate effects of tariffs insofar as possible” and hoped the US Trade Representative’s office would change its position.
Abu Dhabi’s long-troubled Etihad sells 38 planes for $1 billion
Dubai | By Associated Press
UPDATED ON FEB 05, 2020 09:05 AM IST
Abu Dhabi’s rulers launched Etihad in 2003, competing with the established Dubai government-owned carrier Emirates that flies out of Dubai International Airport only 115 kilometers (70 miles) away. In 2018, Etihad began loaning pilots to Emirates under a new program.
AirAsia’s Tony Fernandes steps aside amid Airbus bribery probe
Kuala Lumpur | By Agence France-Presse
UPDATED ON FEB 05, 2020 07:41 AM IST
The shock decision came after Britain’s Serious Fraud Office (SFO) released details of a probe that found individuals associated with the planemaker had paid to secure deals with AirAsia and its long-haul unit AirAsia X.
IndiGo deadline to change P&W engines pushed to May 31: DGCA
Livemint, New Delhi | By Rhik Kundu
UPDATED ON JAN 14, 2020 01:46 AM IST
IndiGo has placed at least one modified engine in each of its P&W powered A320neo aircraft in its fleet ahead of the March 2020 deadline set by the European Union Aviation Safety Agency.
Airbus plane winging its way to France after ‘wet sock’ complaint
Noumea | By Press Trust of India
UPDATED ON NOV 15, 2019 06:28 PM IST
A new Airbus plane will be sent back to engineers in France following complaints of a “smell of wet sock” from cabin crew in the Pacific island territory of New Caledonia.
Boeing says India will order 2,380 jets from planemakers over 20 years
New Delhi | By Reuters
UPDATED ON NOV 06, 2019 06:15 PM IST
India’s passenger traffic had risen at around 20% in recent years, making it one of the world’s fastest-growing aviation markets, but growth has stumbled this year following the collapse of Jet Airways Ltd in April and softer economic conditions.
Indian airlines will order 2,380 jets from planemakers over 20 years, says Boeing
New Delhi | By Reuters
UPDATED ON NOV 06, 2019 12:15 PM IST
India’s passenger traffic had risen at around 20% in recent years, making it one of the world’s fastest-growing aviation markets, but growth has stumbled this year following the collapse of Jet Airways in April and softer economic conditions.
Airbus seizes on Boeing Max ban with flurry of Asia orders
Bloomberg | By Kyunghee Park
UPDATED ON NOV 04, 2019 11:31 AM IST
A big win for Airbus came last month, when Indian budget carrier IndiGo ordered 300 narrow-body aircraft in a deal worth more than $33 billion at list prices. VietJet Aviation JSC and Cebu Air Inc. also confirmed purchases in recent days.
Airbus close to sealing biggest 300-plane order from India’s IndiGo
Bloomberg | By Anurag Kotoky
PUBLISHED ON OCT 29, 2019 03:49 PM IST
The basic model for a A320neo was priced at $110.6 million each in 2018, so a deal for 300 jets could be worth more than $33 billion, although discounts are common.