China’s lockdowns exacerbate supply chain issues, says Airbus boss April 28, 2022 China’s recent lockdowns have exacerbated ongoing supply chain issues, according to Airbus’s chief executive Guillaume Faury. “The whole worldwide supply chain is complicated at the moment,” he told journalists today. Faury said that, even though lockdown-induced problems with raw materials continue to increase market pressures, the company will remain committed to raise production of A320 aircraft [...]
UK judge rules against Qatar Airways in latest episode of $600m corporate divorce saga April 26, 2022 A UK judge ruled today against Qatar Airways, in the latest episode of a bigger divorce battle between the airline and Airbus. London’s High Court denied a request by the Doha-based carrier to force Airbus to keep building A321neo jets, after plane maker slashed Qatar Airways’ order for 50 planes in January. The Toulouse-based plane [...]
The Airbus v Qatar Airways’ feud: All you need to know about the $1bn corporate divorce saga April 23, 2022 The latest chapter in the Airbus v Qatar Airways’ saga took place earlier this month when the corporate divorce battle reached judges in the UK. Qatar Airways and Airbus faced each other in a London court on 7 April, for the first since the airline filed a $1bn lawsuit after it was forced to ground [...]
Sunday Spotlight: Airbus is winning the battle for the skies from beleaguered Boeing April 10, 2022 The recent challenges around safety concerns and the impact of the coronavirus pandemic have resulted in American aircraft manufacturer Boeing losing ground to Airbus. Although both companies control a significant market share, Toulouse-based Airbus has extended its dominance over the last five years. According to data compiled and calculated by Finbold, shared with City A.M. this [...]
Corporate divorce battle between Airbus and Qatar Airways reaches UK judges April 7, 2022 Airbus and Qatar Airways faced each other in a UK court for the first time today since their public feud erupted. The Qatari airline asked a UK judge to prevent the plane manufacturer from revoking an order for 50 A321neo jets. The petition came as the carrier accused Airbus of cancelling the order as a [...]
Air Canada snubs neighbour Boeing and buys 26 Airbus planes March 22, 2022 Air Canada snubbed US plane manufacturer Boeing and ordered 26 aircraft from EU rival Airbus, the company announced today. The airline announced it was acquiring 26 extra-long range versions of Airbus A321neo, which will be used on North American as well as several transatlantic routes. Air Canada will lease 20 planes from lessors such as [...]
‘The world of navigation is changing’: Airbus to launch six new satellites in 2024 March 8, 2022 Airbus is readying to build and launch six new second generation Galileo satellites in 2024 in a “key milestone” for Europe’s satellite network. It comes as aerospace manufacturer completes the preliminary design review for the satellites’ navigation systems. Airbus, which pulled out of Russia last week amid its invasion of Ukraine, has plans to create [...]
Airbus hits back with $220m lawsuit against Qatar Airways in row escalation February 28, 2022 Airbus has hit back at Qatar Airways with a $220m lawsuit alleging damages over two undelivered planes. According to an Airbus spokesperson the counter-claim was a “last resort and followed many fruitless attempts to find mutually beneficial solutions.” Court documents have revealed that Airbus is also seeking to get back millions of dollars given in [...]
Airbus joins Safran subsidiary to develop hydrogen-fuel technology demonstrator February 22, 2022 Airbus announced it has joined a partnership with engine manufacturer CMF International to develop a demonstrator to test hydrogen-fuel technology for planes. The plane maker said that, by focusing on the project, it would hope to have hydrogen-fuelled aircraft enter into service by 2035. “Our ambition was to market a carbon neutral aircraft by 2023,” [...]
Airbus reports strong results amid hopes of amicable resolution to Qatar Airways feud February 17, 2022 Plane manufacturer Airbus has managed to consolidate its financial situation amid legal troubles. In 2021, the company’s revenues increased four per cent, going from €49.9bn to €52.1bn, while both its order intake and value increased to €62bn and €398bn. Helicopter was among the sectors that performed best as, with its 414 net orders, it achieved [...]