Airbus delivered 49 aircraft last month, and logged four orders, its first for almost four months. The European giant logged the sale of two A321neos and two A320neos.
Airbus has seen revenue fall to €19 billion in the first half of financial 2020, down from €31 billion during the same period last year. A total of 196 commercial aircraft were delivered in the last six months, down from 389 last year.
Airbus has agreed with to make amendments to A350 repayable launch investment contracts. With this move, Airbus said it considers itself in complete compliance with all WTO rulings.
The number of commercial aircraft delivered by Airbus fell to a 16-year low in the first half of 2020 new figures reveal. Over the first six months of the year, deliveries fell by 49 per cent, to 196 planes, compared with 389 in the same period last year.
Airbus has announced plans to downsize its global workforce with the loss of 15,000 jobs. The move follows the coronavirus pandemic and subsequent sharp fall in demand for new commercial aircraft.
Based in Singapore, Anand Stanley will lead the strategy and future positioning of Airbus and its divisions across the region. He succeeds Patrick de Castelbajac, who is leaving the company, and will take up the new role in July.
The Airbus A320neo incorporates the latest technologies in aviation and offers significant environmental benefits, with nearly a 50 per cent reduction in noise footprint.
American Airlines has revealed plans to retire some older, less fuel-efficient aircraft from its fleet in the wake of the coronavirus pandemic. Here Breaking Travel News takes a tour of the planes that will be taking-off on their final journeys in January
Airbus posted a net loss of €481 million for the first quarter of 2020, compared with a net profit of €40 million for the same period last year. Chief executive Guillaume Faury said: “We are implementing a number of measures to ensure the future of Airbus.”
René Obermann has become chairman of Airbus, succeeding Denis Ranque. The move was made following the annual general meeting in Amsterdam, at which shareholders approved all resolutions on the agenda.
Airbus is revising its aircraft production rates downwards to adapt to a new market environment caused by the coronavirus pandemic. Going forward, Airbus will produce 40 A320s a month, as well as two A330s and six A350s.
Airbus has continued to purchase and supply millions of face masks from China, the large majority of which will be donated to governments of the Airbus home countries. These include France, Germany, Spain and the UK.