Airbus rolls out boardroom shake-up as technology and defence chiefs quit April 12, 2021 Airbus this evening unveiled its biggest boardroom shake-up for two years as its technology and defence chiefs announced their departure. Dirk Hoke, head of the company’s defence and space division, and chief technology officer Grazia Vittadini will both step down on 1 July, the company said in a statement. Both are understood to be leaving [...]
Airbus predicts flat deliveries in 2021 as aerospace giant records €1.1bn loss February 18, 2021 Aerospace giant Airbus forecast that it would deliver the same amount of planes in 2021 as last year as it fell to a €1.1bn loss. As a result of the pandemic, the French firm handed over just 566 aircraft to customers – 40 per cent lower than its peak. With the pandemic forcing airlines around [...]
Airbus sells no new planes in November as demand sticks at rock bottom December 7, 2020 Airbus sold no new planes in November, the fourth month in which the aerospace giant has failed to do so this year. New data from the French giant published today showed that gross orders for 2020 had reached 381 as of the end of November. However, with the coronavirus pandemic still hammering the aviation industry [...]
Airbus unveils first ever zero emissions commercial aircraft designs September 21, 2020 European aerospace giant Airbus has today unveiled concepts for the first ever commercial zero emissions aircraft, which it said could be in service by 2035. All three concepts depend on hydrogen as the primary source of fuel, which Airbus said holds “exceptional promise” for an industry trying to clean up its carbon footprint. Chief executive [...]
Airbus boss warns production set to fall 40 per cent over next two years June 29, 2020 Airbus boss Guillaume Faury said today that production would drop 40 per cent over the next two years due to the coronavirus crisis, worse than the company had originally suggested. Speaking to German media, Faury said: “For the next two years – 2020/21 – we assume that production and deliveries will be 40 per cent [...]
Airbus profit halves amid ‘gravest crisis’ in aviation history April 29, 2020 Aerospace giant Airbus saw its profit halve in the first quarter as it faced up to what its chief executive labelled the “gravest crisis” in aviation history. The spread of coronavirus has led to widespread grounding of flights around the world, prompting the French-German firm’s orders to plummet. In the first quarter, the company’s profit [...]
Airbus ‘bleeding cash at an unprecedented speed’ due to coronavirus April 27, 2020 Planemaking giant Airbus has written to its 135,000 staff warning them to expect deeper job cuts, with the firm “bleeding cash at an unprecedented speed”. In a letter to employees, chief executive Guillaume Faury said that the aerospace behemoth’s survival was at stake, saying that the recent drop in production of a third was not [...]
Coronavirus: Airbus to cut jet production by a third April 9, 2020 Airbus has announced its largest ever production adjustment in response to the coronavirus pandemic, cutting output of its best-selling A320 narrow-body family by a third to 40 aircraft a month. The global shutdown in flights due to the coronavirus has forced many airlines to postpone or cancel orders of new planes. The French-German aerospace giant [...]
Coronavirus: Airbus draws new €15bn credit line and cancels dividend March 23, 2020 Aerospace giant Airbus has taken drastic steps to mitigate the financial impact of the coronavirus epidemic, including securing a new €15bn credit facility. The world’s largest plane manufacturer has also suspended its guidance for the coming financial year and binned its 2019 dividend, which was worth approximately €1.4bn. Airbus will also pause its voluntary top [...]
Airbus ‘may need government help’ if crisis continues March 17, 2020 European aircraft manufacturer Airbus has suggested that some government support may be needed if the coronavirus crisis lasts several months. The aerospace giant could seek measures to improve liquidity such as state-guaranteed credits, Reuters reported, citing three people familiar with the matter. The prospect of a worse-case scenario is said to have been discussed in [...]