China’s reopening could spell short-term trouble for Airbus, CEO warns China Airbus warned today that China’s decision to end its strict zero-Covid strategy and reopen its borders could pose difficulties for the company heading into 2023. “In the short-term, China will create additional difficulties and complexities that we will have to deal with,” chief executive Guillaume Faury told journalists today. The warning comes as the European [...]
From Heathrow’s row to SAF: Here are the top five things to watch out for in aviation next year TOP 5 To say that the UK aviation industry has had an eventful 2022 would be an understatement. This time last year, airlines and airports were on their knees as the Omicron variant emerged from South Africa at the end of November and in a matter of weeks reached Britain, bringing with it a truckload of new [...]
Airbus fails to achieve 2022 deliveries as year-end target ‘out of reach’ OUT OF REACH DELIVERY TARGET Airbus has failed to achieve its delivery target of ‘around 700’ commercial aircraft by the end of the year. While the initial goal was considered “out of reach”, the plane manufacturer has maintained that the new figure will not be “materially short” of previous forecasts. “Airbus remains committed to delivering its financial guidance as provided [...]
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 [...]