The United States is increasing tariffs on Airbus planes imported from Europe to 15 per cent beginning March 18, authorities announced on Friday. The duties have been at 10 per cent since October, when Washington hit $7.5 billion in European products with tariffs.
The United States won approval on Wednesday to impose tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger
Leasing giant GECAS, the aircraft leasing subsidiary of General Electric (GE), has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
The World Trade Organisation (WTO) rejected European Union (EU) claims that it no longer provides subsidies to planemaker Airbus, prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods.
Airbus is stopping production and assembly activities at its plants in France and Spain for the next four days as governments there implement new measures to restrict movements and fight the coronavirus outbreak, the planemaker said on Tuesday.
Airbus’ decision to cut output of its best-selling jet by a third amid coronavirus marks a huge shift for the European planemaker, which has enjoyed virtually unbroken growth since it began competing toe-to-toe with Boeing almost 20 years ago.
Airbus expected to hand over a record number of aircraft to customers in December to meet delivery goals, a company data showed, and is all but certain of winning an annual order race against Boeing.
The deal will more than triple Air Arabia’s current fleet strength, as well as support the carrier’s global network expansion strategy.
Australia’s Qantas Airways picked Airbus over Boeing as the preferred supplier for jets capable of the world’s longest commercial flights from Sydney to London, dealing the US planemaker its latest setback this year.