Airbus

    • US weighing new tariffs on EU goods in aircraft subsidy dispute

      US weighing new tariffs on EU goods in aircraft subsidy dispute

      The US Trade Representative’s office added items valued at $3.1bn to its list of European goods eligible to be hit with duties - including black olives, beer and gin - and said it could switch gears to target other items on a previously published list or raise existing duty levels further. The move is part of the latest development in the 16-year dispute over aircraft subsidies between Europe’s Airbus and US rival Boeing.

      49
    • Airbus Q1 core profit plunges 49% as coronavirus crisis starts to bite

      Airbus Q1 core profit plunges 49% as coronavirus crisis starts to bite

      Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to €281 million as revenue dropped 15% to €10.631 billion amid the “gravest crisis the aerospace industry has ever known”. Europe’s largest aerospace group also reported a negative cashflow of €8.03 billion, including a previously published record fine of €3.6 billion to settle bribery and corruption investigations in Britain, France and the United States.

      85
    • Airbus takes measures to tackle coronavirus crisis

      Airbus takes measures to tackle coronavirus crisis

      Airbus announced new steps on Monday to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the signing of a credit facility for €15bn. The European planemaker added it was withdrawing its 2020 financial guidance, dropping a proposed 2019 dividend that had a cash value of €1.4bn and suspending funding to top up staff pension schemes.

      85
    • Emirates announces order for 50 Airbus A350s

      Emirates announces order for 50 Airbus A350s

      Dubai-based carrier Emirates announced on Monday it would be buying 20 additional wide-body Airbus A350s, bringing its total order for the aircraft to 50 in a deal worth $16bn at list price. Separately, the Emirati budget carrier Air Arabia announced the purchase of 120 new Airbus planes in deal worth $14bn.

      189
    • WTO formally backs US tariffs on EU goods

      WTO formally backs US tariffs on EU goods

      The World Trade Organisation (WTO) formally ruled on Monday that the United States is free to take countermeasures against the European Union and Airbus-producing countries Britain, France, Germany, and Spain. This way the President Donald Trump administration no longer faces any legal obstacles for its set of previously scheduled sanctions on billions of dollars of European products that could now take effect on Friday.

      194
    • Airbus CEO warns of aviation trade war danger

      Airbus CEO warns of aviation trade war danger

      An escalating battle over aircraft subsidies between the US and the European Union threatens to damage both sides, said Airbus SE Chief Executive Officer Guillaume Faury. He will thus continue to advocate for a settlement between the two sides before the imposition of tariffs becomes a "lose-lose game" for both of them.

      237
    • Boeing loses $6bn order to Airbus

      Boeing loses $6bn order to Airbus

      Saudi Arabia’s flyadeal is terminating a prior order for Boeing’s 737 Max jet and is switching to European rival Airbus, in what is seen as the latest blow to the American manufacturer as it seeks to return the beleaguered fleet to flight after two fatal crashes. The budget airline, which in December said it would purchase 50 Max jets, announced on Monday that it will instead purchase 50 Airbus A320neo narrow-body jets, a direct rival to Boeing’s update to the popular 737 airliner.

      234
    • US threatens new tariffs on $4bn of EU goods

      US threatens new tariffs on $4bn of EU goods

      The United States threatened on Monday to impose tariffs on $4bn in European Union goods, citing vague “additional analysis” ostensibly over the lengthy dispute involving subsidies for the world's two largest plane manufacturers. The decision though also came mere days after the bloc restarted trade in essential goods with Iran.

      266