A pilot in the cockpit of a Bombardier jet during an expo in Las Vegas, US. Reuters
Aircraft manufacturers are hit by the devastating impact of the coronavirus pandemic on the aviation industry. The number of global commercial aircraft orders was zero during the month of September.
The planemaker also said it hoped to avoid consuming cash before M&A and customer financing in the second half of the year after a quarterly outflow of 4.4 billion euros as deliveries tumbled due to the coronavirus collapse in air travel.
Revenues fell 15.2 per cent to 10.6 billion euros, reflecting a "market environment strongly impacted" by the pandemic, "particularly in commercial aircraft", Airbus said in a statement.
TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
More than 40 ministers and 120 leading energy industry executives from across the world, will come together in Abu Dhabi for ADIPEC 2023, where they will demonstrate progress,
The Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding (MoU) with the Expo Centre Sharjah to better serve the Emirate of Sharjah’s s investor community.
Alpha Dhabi Holding has announced its acquisition of a majority stake in Metito Holdings Ltd., a global leader in the water and wastewater industry.