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."
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.
Airbus has unveiled three visual concepts for “zero emission” airplanes to be powered by hydrogen. It is the planemaker’s latest effort to draw public attention to its “zero-emission” ambitions as European governments push for cleaner technology in their post-COVID recovery plans.
Emirates is the world’ largest operator of the A380 aircraft, with over 100 double-decker aircraft flying to 49 cities on 6 continents on scheduled services.
The World Trade Organization (WTO) formally authorised the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after an arbitrator’s decision over subsidies to planemaker Airbus .