European plane manufacturer Airbus as reported a loss of €641 million for the first nine months of the financial year, down from a profit of €3,593 million in 2019.
The Scandinavian carrier has taken delivery of the first of three A321LR planes on lease from Air Lease Corporation. The plane is powered by CFM Leap-1A engines.
Athens-based airline, Sky Express, has placed an order for four A320neos, becoming an Airbus customer for the first time. The airline has selected CFM-International’s Leap-1A engines to power its aircraft.
The European Union has been given licence to impose new border taxes on up to $4 billion on goods from the United States annually as punishment for subsidies provided to Boeing.
The Airbus plane includes for the first time a flexible cabin catalogue, addressing the requirements of the heavy and long-range business jet categories.
These concepts each represent a different approach to achieving zero-emission flight, exploring various technology pathways and aerodynamic configurations.
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.