Reading Time: < 1 minute The aerospace giant Airbus has posted a profit for Q1 but at the same time has admitted that the “crisis is not over.” Based on the information it has provided in the report, 125 commercial aircraft were delivered, which is more than in Q1 2020. They included nine A220s, 105 A320 family, one A330 and […]

Reading Time: < 1 minute The European plane maker Airbus reports 72 commercial aircraft deliveries for March. The company delivered 4 A220, 60 A320 Family (57neo), and 8 A350. The aircraft were distributed between 34 customers, including IndiGo, Delta, Wizz Air, Frontier Airlines, Lufthansa, Viva Air, and more.  Total deliveries to date in 2021 are 125 to 44 customers. Airbus […]

Reading Time: < 1 minute SriLankan Airlines has sued Airbus for $1 billion for alleged corruption during the procurement of A350-900s and consequent damages and loss of reputation.  The issue traces back to the Crown Court judgment in the UK that found Airbus guilty of bribery concerning aircraft agreements. Sri Lanka’s flag carrier has also requested cancellation of the A350-900 […]

Reading Time: < 1 minute The European Commission has selected Airbus to study spacecraft manufacturing in space as part of the horizon 2020 Programme. The PERASPERA In-Orbit Demonstration project, also called PERIOD, aims to focus on satellite manufacturing in orbit. Producing directly in orbit will be a revolutionary way to design, build and operate space systems. It is much more […]

Reading Time: < 1 minute The US and EU have come to an agreement to suspend all tariffs related to the dispute over Boeing and Airbus’s subsidies. The ongoing negotiations indicate that a transatlantic trade partnership strained for nearly 17 years has a chance to be restored. The tariffs affect $4 billion of US exports to the EU and $7.5 […]

Reading Time: < 1 minute European aircraft manufacturer Airbus lost €1.1 billion ($1.3 billion) last year amid the unprecedented pandemic crisis but expects to deliver hundreds of airplanes and make a profit in 2021. Within 2020, Airbus delivered 566 aircraft down from 863 in 2019. Almost 50% of the deliveries came during the fourth quarter. New commercial aircraft orders also […]

Reading Time: < 1 minute In retaliation against US subsidies for Boeing manufacturer, the European Union is imposing a 15% tariffs on $4bn (€3.37 billion) of U.S. services. The EU won the right to exercise the tariffs plan in October after the World Trade Organization (WTO) had granted its authorization, according to Reuters. “Regrettably, in spite of our best efforts […]

Reading Time: < 1 minute Air Canada today announced that it recently completed two longer-term refinancing transactions for a total amount of approximately $1.52 billion, replacing short-term facilities. The first transaction consists of a committed Secured Facility totaling $787.7 million to finance Air Canada’s purchase of the first 18 Airbus A220 aircraft with a term of 12 years from the […]

Reading Time: < 1 minute The marathon of Wizz Air expansion plans is further carrying on. This time the airline has announced about a massive expansion of its Lithuanian operations, adding one new Airbus A320ceo aircraft to the Vilnius base. This will enable the start of five new routes from Vilnius to Birmingham and Liverpool in the United Kingdom, Hamburg […]

Reading Time: < 1 minute airBaltic has reached an agreement with Airbus on rescheduling deliveries of remaining 28 jets the airline has on order. It will complete the firm order of 50 Airbus A220-300 jets by early 2024. The airline plans to receive three additional Airbus A220-300 aircraft by the end of 2020. airBaltic also holds options for an additional […]