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Airbus settles bribery allegations for €3.6bn January 28, 2020 Airbus has agreed a settlement with French, British and US authorities for €3.6bn (£3bn) following investigations into allegations of bribery and corruption. The Serious Fraud Office (SFO) confirmed that a Deferred Prosecution Agreement (DPA) had been reached “in principle” between itself and the company. Airbus said: Airbus confirms that it has reached agreement in principle with [...]
Airbus “committed” to UK after no-deal fears assuaged January 9, 2020 Airbus’ chief executive has said that the aerospace company is still “committed” to the UK, in a turnaround from previous comments on Brexit. Speaking at the company’s New Year’s reception last night, Guillaume Faury said that he saw “great potential to improve and expand our operations in the UK this year.” Read more: Airbus announces [...]
Airbus announces mammoth Middle Eastern jet orders worth more than $30bn November 18, 2019 Airbus has announced orders for more than 170 planes this morning, in a mammoth set of deals valued at more than $30bn at list prices. Air Arabia, a low-cost Emirati carrier has ordered 120 narrow-body planes including the A320neo and A321 XLR models, while Dubai government airline Emirates placed an order for 50 of the [...]
Airbus drops delivery target as production stalls October 30, 2019 Airbus revised its full-year delivery goal for commercial jets this morning, as the plane manufacturer continued to suffer with delays at a newly expanded German plant. Europe’s largest aerospace group now hopes to deliver around 860 airliners in 2019 instead of the 880-890 previously targeted. Read more: Airbus warns employees on cash flow in defence [...]
WTO gives green light for US to impose tariffs on $7.5bn EU imports October 14, 2019 The World Trade Organisation (WTO) has formally given the nod to the US to impose tariffs on up to $7.5bn of imports of EU goods, after an arbitrator’s decision over subsidies to plane maker Airbus. The WTO’s dispute resolution body, made up of delegates from its 164 members, cleared Washington to hit back against the [...]
Airbus ‘warns employees on cash flow’ in defence and space business amid Saudi arms ban October 9, 2019 Airbus’ second-most profitable division, its defence and space business, is said to have warned employees it faces serious challenges meeting cashflow for 2019. It comes after the company also urged its 33,000 workers to save more cash in the final quarter of last year. The last quarter is usually a period of more challenging cash [...]
Airbus faces fresh disruption as US tariff award looms September 29, 2019 Trade across the Atlantic faces fresh upheaval this week, with arbiters expected to grant the US a record award allowing it to slap billions of dollars of tariffs on European imports, in a long-running aircraft subsidy dispute. The World Trade Organisation (WTO) has found both European plane maker Airbus and its US rival Boeing received [...]
Hackers ‘tried to steal Airbus secrets’ in targeted cyber attacks September 26, 2019 Airbus has fallen victim to a spate of cyber attacks over the past few months via the computer systems of its suppliers and contractors, according to AFP news agency. The world’s second-largest aerospace group, which is also one of the world’s foremost weapons manufacturers, admitted it “is a target for malicious actors,” but would not [...]
World will have twice as many planes in the skies in 20 years, says Airbus September 18, 2019 The world will have twice as many passenger jets in 2038 as are currently in the skies, Airbus forecast today, as the plane maker raised concerns over a potentially damaging tariff war between the EU and the US. The European plane maker has hiked its forecasts for jet plane demand to 47,680 aircraft by 2038, [...]
Pie in the sky? London urged to plan for flying taxi future September 2, 2019 Airbus will tomorrow urge London authorities to plan for a future in which electric air taxis roam the skies and drones carry cargo a few thousand feet above the city. The aviation juggernaut has already built a prototype air taxi, as have arch rivals Boeing, Uber and several other manufacturers. Airbus will urge city planners [...]