Malaysian budget carrier AirAsia Group scaled back plans to order the Airbus A330neo wide-body passenger jet by nearly two thirds, switching its focus instead to a long-range new version of the popular A321 series.
Airbus on Wednesday revised up forecasts for jetliner demand in the next twenty years led by growth in the new industrial hubs of Asia, while voicing alarm over rising protectionism.
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.
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.
British engine-maker Rolls-Royce plunged to a worse than expected 4 billion pound ($5.6 billion) loss in 2020 as the pandemic stopped airlines flying, but stuck to its forecast to burn through less cash this year.
Aircraft manufacturer Airbus said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X’s (AAX) debt restructuring scheme goes through, court documents showed, joining a dozen creditors that have challenged
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 head of European planemaker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods
In a statement on Wednesday, the GCAA said, "Currently the UAE does not have any UAE registered aircraft operating with PW4000 engines. And, there are no foreign aircraft fitted with the mentioned engine operating to UAE airports and airspace."