Boeing has rejected a World Trade Organisation claim that it received illegal subsidies for its 777X manufacture programme. In response to the ruling, Boeing argued the WTO had rejected virtually all of the European Union’s challenges to the Washington state tax incentives. On Monday the World Trade Organisation ruled a tax break from Washington state to help Boeing develop its new 777X jetliner was a prohibited subsidy.
Japan’s Peach Aviation has signed a firm order with Airbus for the purchase of ten A320neo and three A320ceo aircraft. The order was announced at a signing ceremony in Tokyo attended by Shinichi Inoue, managing director and chief executive, Peach Aviation and Fabrice Brégier, Airbus president.
Airbus Corporate Jets has combined its knowledge of customer preferences with a fresh approach to cabin design, creating a new cabin concept for its ACJ320neo Family. Called Melody, it features flowing lines inspired by the curves of nature, such as hilly horizons, rolling rivers and desert dunes.
Airbus Group revealed earlier its nine-month net income was €1.81 billion, down five per cent from a figure of €1.90 billion recorded last year. Earnings per share were €2.34, down from €2.42 euros last year. At the same time reported EBIT at the aerospace giant fell 20 per cent to €2.36 billion.
Airbus today celebrated the delivery of its 10,000th aircraft - an A350-900 for Singapore Airlines. The milestone event was marked by a special ceremony in Toulouse hosted by Airbus Group chief executive Tom Enders and attended by Goh Choon Phong, chief executive of Singapore Airlines.
Airbus has commenced the final assembly of its first A330neo, an A330-900, at its final assembly line in Toulouse with the joining of the wings to the centre fuselage at station 40. As the newest member of the world’s most popular A330 wide-body family the A330neo builds on the family’s proven economics, versatility and reliability, set to reduce fuel consumption by a further 14 per cent per seat.
Azores Airlines is modernising its short-haul and transatlantic fleet with the A321neo and by 2019 with the longer range A321LR. The decision follows a growth strategy to expand into new transatlantic routes. Azores airlines has been an Airbus customer since 1999 operating seven A310, A320 and A330 Airbus aircrafts across Europe, Canada and North America.
A World Trade Organisation compliance panel has ruled that the European Union has failed to comply with its obligation to remedy the subsidies European governments have provided to support Airbus. Rather than comply with their WTO obligations to remedy the $17 billion in past subsidies provided to Airbus, the WTO found that EU Member States provided Airbus with new illegal launch aid - reportedly almost $5 billion - so the organisation could launch the new A350.
Singapore Airlines will not renew the lease on its first Airbus A380 casting a further shadow over the future of the world’s largest jumbo jet. The double-decker jet was launched in 2007, with Singapore Airlines the first customer. However, the carrier has decided not to renew its ten-year lease on the plane when it expires in 2017.
Vietnam’s Jetstar Pacific Airlines has finalised a purchase agreement with Airbus for ten A320ceo aircraft. The contract follows an MOU announced earlier this year and was signed in Hanoi by Le Hong Ha, chief executive officer of Jetstar Pacific and Fabrice Brégier, Airbus president.