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French goverment to bail out Airbus

27 January 2009 Press Release Airline News

The French government has extended its lending spree to struggling industries by drawing up a plan to provide up to €5bn in state aid to Airbus.The country’s latest bank bailout plan was seen by many as indirect aid to the world’s largest aircraft manufacturer, which faces falling demand as airlines struggle to raise finance to purchase a back-log of aircraft orders.

Airbus crashes into Hudson river

15 January 2009 Press Release Airline News

US Airways flight 1549, an Airbus A320 en route to Charlotte from LaGuardia, with at least 152 people aboard, has crashed into the Hudson River in New York City but no loss of life has been reported.