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Europe’s Airbus announced the biggest plane deal in history on the opening day of the Paris Airshow on Monday, with an order for 500 narrowbody jets from Indian budget carrier IndiGo.
Airbus flew back into profit in the first three months of the current year as cost-cutting and restructuring measures began to pay off, but it warned that the crisis caused by the coronavirus pandemic was not yet over.
French planemaker Airbus signed an agreement with Air India for 250 jets, as part of the Indian carrier’s jumbo deal under its new owners, Tata Group, industry sources told Reuters.
Lufthansa may permanently ground more jets to emerge leaner from the coronavirus pandemic, the German airline group said, as it reported a record 6.7 billion euro ($8.10 billion) loss for 2020.
The European Union and the United States agreed on Friday to suspend tariffs imposed on billions of dollars of imports in a 16-year-old dispute over aircraft subsidies and said any solution would need to focus on China.
The first ever Airbus A 350-900 aircraft, under the Air India flag, landed at Indira Gandhi International (IGI) airport on Saturday.
European plane maker Airbus lost 1.1 billion euros ($1.3 billion) last year amid an unprecedented global slump in air travel because of the pandemic,
The United States agreed a four-month suspension of retaliatory tariffs imposed on British goods over a long-running aircraft subsidy row, with both sides pledging to use the time to resolve the dispute.
Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company (Mubadala),