Green push: Airbus develops first ever fuel cell engine as it launches electric battery partnership November 30, 2022 Airbus has announced the development of its first ever fuel cell engine on the same day it partnered with French car maker Renault to develop electric batteries for aviation and automotive. The fuel cell engine is one of the several technologies being considered for the development of a hydrogen-fuelled aircraft, which Airbus wants into service [...]
Airbus boss Guillaume Faury: Supply chain issues remain ‘very complex’ November 29, 2022 Aviation’s supply chain issues remain “very complex”, according to Airbus’s boss Guillaume Faury. The chief executive told journalists on Tuesday he was waiting for the latest data to comment on 2022 year-end deliveries. “I will have a clearer picture by the end of November, but as you can see the environment remains very complex and [...]
Aircraft orders take off globally in positive sign to aviation recovery November 28, 2022 The number of aircraft ordered has risen globally in what can be seen as a positive sign to the aviation industry’s post-Covid recovery. Data published today by aerospace trade body ADS shows that October orders jumped to 299 aircraft – the biggest since 2019. While orders for the last 10 months were the largest since [...]
Airbus chief: A China-West economic divorce remains unlikely November 14, 2022 The economic relationship between China and the West will never be truly over, Airbus’s chief executive Guillaume Faury has said. According to the chief executive, despite current economic and political tensions, the two blocks are too intertwined to sever all ties, as this would lead to a global economic collapse. “I think a breakup of [...]
Airbus warns of ‘material adverse impact’ from Qatar Airways lawsuit October 30, 2022 Plane manufacturer Airbus has warned investors it faces “material adverse impact” as the result of an ongoing court battle with Qatar Airways, over the Qatari airline’s claims it was forced to ground multiple aircraft due to an underlying “design defect” in Airbus’ planes. In a financial statement, Airbus said Qatar Airways’ lawsuit could have an [...]
Airbus raises free cash flow to £3.8bn but supply chain remains ‘fragile’ October 28, 2022 Airbus has raised its free cash flow outlook to €4.5bn (£3.8bn) – up from the €3.5bn previously forecast – due to a strong dollar. In the third quarter, the EU plane maker’s revenue went up 27 per cent to €13.3bn, reaching €38.1bn for the nine months to the end of September. On the other hand, [...]
Airbus in £10bn talks to lock in Saudi Arabia for mega order of 40 A350 planes October 24, 2022 Saudi Arabia is reportedly in talks with EU plane manufacturer Airbus for the purchase of around 40 A350. Industry sources told Reuters the order would stand at $12bn (£10.6bn) and could be announced as early as this week. The Saudi government is in fact hosting the Future Investment Initiative, an international investment forum run by [...]
Airbus and Air France plead not guilty at 2009 Rio crash trial October 10, 2022 Airbus and Air France have pleaded not guilty to “involuntary manslaughter” as the nine-week trial over their involvement in the 2009 Rio plane crash started today. The airline and the manufacturer are on trial in a Paris court 13 years after an Air France plane from Rio to Paris crashed into the Atlantic, killing all [...]
Airbus adjusts jet delivery target as plane maker faces supply chain woes July 27, 2022 Airbus has adjusted its annual jet delivery forecast while it continues to battle supply chain woes. In its quarterly results, the EU plane maker lowered the year’s goal from 720 to 700 jets, adding it will reach its monthly production target of 65 narrow-body jets in 2024 instead of the summer of 2023. Its 2025 [...]
Airbus in talks with Delta over additional order July 13, 2022 Airbus is in talks with US airline Delta to add a dozen more A220 planes to an initial order for 95. The deal could be completed during next week’s Farnborough Airshow, even though the US carrier is still waiting for the delivery of 39 A220s, sources told Reuters. Delta – who sent shares tumbling today [...]