Airbus

    • US regrets EU move on tariffs, seeks deal on Boeing-Airbus row

      US regrets EU move on tariffs, seeks deal on Boeing-Airbus row

      The US on Monday told the WTO that it regretted the EU's seeking retaliatory tariffs for Boeing subsidies, and that it favoured a "negotiated resolution" with the bloc over its subsidies to rival planemaker Airbus. The US speech, seen by Reuters, came at a meeting of the World Trade Organization’s Dispute Settlement Body (DSB) which gave its formal clearance on Monday for the EU to impose tariffs on $4bn of US goods.

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    • Airbus reveals plans for clean aircraft

      Airbus reveals plans for clean aircraft

      Airbus announced plans for the world's first zero-emission commercial aircraft models that run on hydrogen and could take to the skies by 2035, news wires reported. The European aersospace company revealed three different aircraft concepts that would be put through their paces to find the most efficient way to travel long distances by plane without producing the greenhouse gas emissions.

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    • 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.

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    • 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.

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    • 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.

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    • 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.

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    • 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.

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    • 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.

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